Global Chocolates and Gourmet Dates: Overview
Chocolates contains cocoa as the main ingredient and that makes it as a sumptuous source of antioxidant. Also, gourmet dates are healthy in nature due to presence of natural dates. Variants in gourmet dates and chocolates are gaining momentum in the global chocolate and gourmet dates market. The global chocolates and gourmet market is expected to strengthen from 2018 to 2026.
An upcoming Transparency Market Research (TMR) report shares insights on size, share, trends, and factors attributing market growth during the forecast period. ‘
Global Chocolates and Gourmet Dates: Notable Developments
Some of the notable developments with regard to chocolates and gourmet dates are described in following points.
- July 7th is being celebrated as ‘Chocolate Day’ since 2009. This day is being celebrated across the globe to encourage everyone to consume as much chocolate as possible.
- India was listed as a key contributor in producing Majhool dates, followed by Indonasia and Malaysia. According to a study Majhool dates attract UK and France consumers. Additionally, it offers an excellent market position. Statistics from the US Economic Research Services indicate rising import volumes.
Besides these developments, various players in the global chocolates and gourmet dates market are focusing on adopting various strategies such as mergers and acquisitions to expand their presence and cater to huge demand for chocolates and gourmet dates. Some of the prominent players operating in the global market include Doyen Foods, Mars Inc., Sharjah Dates Factory, Ferroro Group, Nestle S.A, and Fly berry Gourmet
Global Chocolates and Gourmet Dates: Drivers & Restraints
Some of the major drivers and restraints in the global chocolates and gourmet market are as follows.
Health Benefits to Fuel Growth
Health benefits associated with consumption of chocolates and gourmet dates are likely to increase the demand among health conscious population. Chocolates are rich source of antioxidants and they play a role in slowing down the aging.. Chocolates are believed to increase immunity by increasing serotonin secretion in the gut and brain. These factors are expected to drive the global chocolates and gourmet dates market to boost during the forecast period. Additionally, availability of limited edition chocolates such as variants of chocolate are expected to drive the chocolates and dates gourmet market. Increased travel and tourism is projected to fuel the global chocolates and gourmet dates market.
Wide Range of Chocolates to Strengthen Global Chocolates and Gourmet Dates Market
Chocolates and gourmet dates are widely used while making cakes, cookies, breads, and candies. This is another application factor that are projected to promote the global chocolates and gourmet market during the forecast period.
Moreover, chocolates are available through all retail sales channels such as grocery shops, hypermarkets, online retail market, and super markets. Thus, the global chocolates and gourmet market is expected to surge in the forthcoming years. Further, chocolates and gourmet dates are considered as gifting option during festivities such as anniversaries, birthdays, Easter Sunday, Valentine’s day, etc. Also, many corporates consider chocolates for gifting during major festivities such as Christmas. Hence, such festivals and events are also boost sales of chocolates and expand the global chocolates and gourmet dates market in the upcoming years.
Global Chocolates and Gourmet Dates: Geographical Analysis
Europe is projected to be the dominant region, holding highest market share in the global chocolate and gourmet market. The growth in this region is due to rising tourism and rising production of chocolates. Hence, there is expected to be wide growth opportunities for the global chocolates and gourmet dates market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.