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Global Chocolate Market to Grow at a CAGR of 5.32% During the Period 2016-2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Chocolate Market 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 10/19/2016 -- Report forecast the global chocolate market to grow at a CAGR of 5.32% during the period 2016-2020.

Chocolate is made from cocoa liquor, sugar, cocoa butter, milk, and an emulsifier (such as lecithin) and is available in different varieties and flavors. Vendors are launching innovative products with unique flavors using ingredients like alcohol, ginger, hibiscus, and lavender. Products that use organic ingredients are also finding high demand in the market despite their premium positioning. The total number of products launched with organic claims increased from 351 in 2012 to 705 in 2015.

The report covers the present scenario and the growth prospects of the global chocolate market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of chocolates to individual consumers.

The market is divided into the following segments based on geography:
- Americas

According to the report, premiumization will be a key driver for market growth. The demand for premium chocolates is growing around the world, particularly in countries such as the US and Brazil. Players are positioning their premium chocolates as gifting options. For instance, In India, Mondel?z has positioned its Toblerone and Bournville brands as suitable for gifting. As part of the drive toward premiumization, players are also offering single-origin chocolate products. These chocolates are made from one variety of cocoa harvested in one region. In July 2015, Harald and Nugali, two Brazilian chocolate companies, launched their single origin chocolate products in the US market. In May 2016, Haigh's Chocolates launched four new single-origin chocolates from Ecuador, Madagascar, Papua New Guinea, and the Dominican Republic.

Further, the report states that the increasing incidence of obesity among consumers worldwide is a challenge faced by the global chocolate market. In 2014 nearly 26% of the total world population were overweight and of that nearly 32% were obese. It is estimated that by 2030 nearly 74% of men and 64% of women in the UK will be overweight and nearly 42% of the US population will be obese.

Global Chocolate Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global chocolate market: Ferrero, Hershey's, Mars, Mondel?z International, and Nestlé.

Other Prominent Vendors in the market are: Amul, August Storck, Barry Callebaut, Blommer Chocolate Company, Empresas Carozzi, Cemoi Chocolatier, and Chocolate Frey.

Market driver
- Introduction of new varieties of chocolate
- For a full, detailed list, view our report

Market challenge
- Rising obesity among consumers
- For a full, detailed list, view our report

Market trend
- Innovations in chocolate manufacturing
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 62 pages and 55 Exhibits "Global Chocolate Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by distribution channel, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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