The market in Asia is driving sales and is expected to hold a 20% share of the global market in 2016. It provides the latest retail sales data, allowing you to identify the sectors driving growth. Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. In the same year, Europe dominated the market, owing to the product innovation in terms of textures, flavors, shapes, and pack sizes. The variety of chocolate products available is seemingly without limit, with the candy bars and cakes that we are all familiar with barely being the tip of the iceberg. While confectionary stores make up only 5% of sales, they are typically the purveyors of higher quality, niche products — which have been increasing in popularity as well. In addition to the four trends included in the report, Cargill predicted that personalization will be the future of the chocolate industry.
Others include gums, snack products, brand ice creams, and raw pastes. Year over year growth in this seasonal category was a healthy 8. The Chocolate and Confectionery Production industry's revenue has declined over the past five years due to weak economic conditions and fluctuations in the prices of key inputs in a saturated market. This includes holiday specific packaging, shapes, colors and even flavors tailored to occasion — religious, cultural and perhaps especially the holidays. Combining different flavors and textures in one bar is also becoming a common strategy for confectioners to create indulgent products. Domestic production of chocolate and confectionery is currently under threat as food giants like Nestle have moved production from Britain in order to reduce costs. The company has focussed on branding the products keeping kids as the target audience.
Chocolate - covers all chocolate based products, including boxed chocolates, molded chocolate bars, chocolate covered bars whether in single bars or bite-sized versions sold in multipacks, seasonal. Is a sugar tax on chocolate confectionery a future reality? Where can I get some? Samples : Delivery: Files are delivered directly into your account within a few minutes of purchase. The creation and development of the chocolate market depended on a New World and Old World partnership. It is complete Research Study and Industry Analysis of Chocolate market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market. Growth of the global chocolate market is expected to have positive impact on cocoa market, sugar market, and required preservatives market globally.
Chocolate - covers all chocolate based products, including boxed chocolates, molded chocolate bars, chocolate covered bars whether in single bars or bite-sized versions sold in multipacks, seasonal. The growing disposable income of consumers in developing countries of Asia Pacific is one of the primary reasons behind the mounting demand for chocolates. Based on type, the market is categorized into sugar, chocolate, fine bakery wares, and others. Thanks to the baby boomer generation born in the late 1940s and 1950s, the number of American senior citizens is growing. Chocolate Market Company Profiles 7.
Research Approach and Methodology 2. However, as per the Financial Times, in 2017 the prices of cocoa beans fell by around 40%. The marked openness to portion reductions as an alternative underlines continued opportunities here, however, transparency looks set to be key in ensuring goodwill among users in such steps. The segment also includes a small portion of sales of nonchocolate items. In addition, economic growth and rise in disposable income of emerging economies supplement the market growth, thus increasing the purchasing power of customers. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
Countline includes chocolate bars, which are consumed as snacks and treat. Canada , Candy Tops Pty Ltd. X% in terms of value during forecast period 2018—2027. Market Size and Forecast 4. Market Size and Forecast 5.
Seasonal chocolate sale recorded a growth rate of 2. Chocolate - covers all chocolate based products, including boxed chocolates, molded chocolate bars, chocolate covered bars whether in single bars or bite-sized versions sold in multipacks, seasonal. Chocolate - covers all chocolate based products, including boxed chocolates, molded chocolate bars, chocolate covered bars whether in single bars or bite-sized versions sold in multipacks, seasonal. It identifies the leading companies, the leading brands and offers strategic analysis. Market Size and Forecast 4. Chocolate Confectionery Market Share Insights Few of the major players operating in this market include Mars, Inc.
About 17% of production takes place in the Americas primarily South America and 9% from Asia and Oceania. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. Threat of New Entrant 3. It also excludes sales via catering or foodservice establishments, however, references and comparisons to these sectors may be made where relevant. Inform your marketing, brand, strategy and market development, sales and supply functions.
The total number of tables and figures is about 139 in the report. Regional Insights Europe dominated the market in 2016. North America and Europe markets are expected to lead in terms of revenue owing to increasing adoption of chocolate and high demand for chocolates in festive seasons. Bin after bin of gourmet chocolate. Chocolate is the most well-known, consumed, and profitable component of the confectionary industry across the world. Pure chocolate is further sub-segmented into coverture and regular chocolate. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services.
Milk chocolate accounts for more than 50% of all chocolate consumption but may contain as little as 10% cocoa. This report includes a wealth of information on the financial trends over the past four years. Based on type, the market is segmented into sugar, chocolate, fine bakery wares, and others. While production has started to expand into more stable regions it has not yet become diversified enough to normalize the supply. New product developments, capacity expansions, and flavor differentiation are the key strategies used by Brazil manufacturers to increase their market share. Grocery stores are the largest seller, followed by mass merchandise outlets and convenience stores.