Technavio has been monitoring the global chocolate market since 2016 and the market is poised to grow by USD 37.03 billion during 2019-2023, progressing at a CAGR of almost 5% during the forecast period.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190912005701/en/
Technavio has announced its latest market research report titled global chocolate market 2019-2023. (Graphic: Business Wire)
Read the 137-page research report with TOC on " Chocolate Market Analysis Report by Product (milk chocolate, dark chocolate, and white chocolate), by Geography (the Americas, APAC, and EMEA), and Segment Forecasts, 2019 2023"
Request Free Sample Pages
The market is driven by the increasing premiumization of chocolates. In addition, new product launches are anticipated to further boost the growth of the chocolate market.
Market vendors are introducing new premium offerings with better taste and quality. The increase in premiumization of chocolates helps vendors to improve their profit margins and offer quality products. They can thus, focus on the use of quality ingredients, and packaging of these products to attract more consumers. The practice of using premium chocolates as gifts due to their quality is also gaining momentum. Thus, the growing demand for premium chocolates is expected to drive the market during the forecast period.
Register for a free trial today and gain instant access to 10,000+ market research reports. Technavio's SUBSCRIPTION platform
Major Five Chocolate Market Companies:
Chocoladefabriken Lindt Sprüngli
Chocoladefabriken Lindt Sprüngli launched its Fruit Sensation range including fruit sensation raspberry and cranberry, fruit sensation blueberry and acai, fruit sensation orange and grapefruit in South Africa during April 2018. The company provides different varieties and flavors of chocolate products under various brands such as Lindt, Ghirardelli, Caffarel, and others.
Ferrero
Ferrero manufactures chocolate products through the following global business units: Nutella, Kinder, Ferrero Pralines, and Tic Tac. The company offers chocolates such as Ferrero Rocher and Raffaello.
Mars
Mars has business operations under various segments, namely Mars Petcare, Mars Food, Mars Wrigley Confectionery, Mars Drinks, and Mars Symbioscience. The company offers chocolate products such as Skittles, M&M'S, SNICKERS, TWIX, MILKY WAY, and others.
Mondelez International
Mondelez International has inaugurated its newest global Technical Center in India located in Thane, Maharashtra in October 2018. The company provides different varieties and flavors of chocolate products under various brands such as Cadbury, Toblerone, Alpen Gold, Marabou, and others.
Nestlé
In June 2018, Nestlé was named the most effective food marketer for the third year running, based on the Effie Effectiveness Index 2018. The company provides different varieties and flavors of chocolate products under various brands such as KitKat, Aero, Cailler, Milkybar, and others.
Technavio has segmented the chocolate market based on the type and region.
Chocolate Product Outlook (Revenue, USD Million, 2019 2023)
- Milk chocolate
- Dark chocolate
- White chocolate
Chocolate Regional Outlook (Revenue, USD Million, 2019 2023)
- Americas
- APAC
- EMEA
Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Food Products are:
Farro Market Global Farro Market by product (conventional farro and organic farro) and geography (APAC, Europe, MEA, North America, and South America).
Dairy Desserts Market Global Dairy Desserts Market by product (yogurt, cream, and others) and geography (APAC, Europe, MEA, North America, and South America).
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20190912005701/en/
Contacts:
Technavio Research
Jesse Maida
Media Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com
media@technavio.com