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Chocolate Market Outlook 2019 | Shows Industry Overview, Size, Share, Remarkable Growth Factors, Types, and Applications Forecast to 2024

Chocolate

The “Chocolate Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Chocolate market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Chocolate market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The global chocolate market is forecasted to reach USD 139.94 billion by 2024 growing at a CAGR of 4.5% during the forecast period (2019 – 2024). The Global chocolate market is highly competitive, with the presence of numerous leading players accounting for the major share. The increasing demand and growing popularity of dark and organic chocolates are fuelling the market’s growth. Furthermore, the seasonal demand plays an important role in the chocolates sales. Various companies are launching a wide range of chocolate varieties during occasions, like Easter. Factors, such as shape and packaging of chocolates are the key strategies adopted by companies to attain maximum sales during a festive season. Europe is the second largest market for chocolates. The molded chocolate segment dominated the market in 2017, and is the most consumed chocolate in Europe. Furthermore, it is expected to maintain its dominance during the forecast period. In Europe, Russia is the largest market for chocolate, followed by Germany, the United Kingdom, and France.

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    In Chocolate Market Report, Following Companies Are Covered:

  • Mars Incorporated
  • Ferrero Group
  • Mondalez International
  • Hershey Co.
  • Nestle SA
  • Pladis
  • Chocoladenfabriken Lindt & Springli AG
  • Arcor

    Chocolate Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • The scope of the global chocolate market includes alfajores, softlines/selflines, boxed assortments, chocolate with toys, countlines, seasonal chocolate, molded chocolate and other chocolate confectionery. By distribution channel, the global chocolate market is segmented as supermarkets/ hypermarkets, specialist retailers, convenience stores, vending machines, online channel, variety stores and other distribution channels.

    Reasons for Buying Chocolate Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Impulse Purchasing Behaviour of Consumers

    The impulse buying behavior of consumers is boosting the sales of chocolates across the globe. Consumers in the shopping store might not specifically be shopping for the confectionary goods like, chocolates. However, related confectionary items displayed at prominent places attract buyers’ attention and causes impulse buying behavior in them. The rising income levels of the consumers and the changing lifestyles are the key factors increasing the impulse purchase of the consumers. Children and grown-ups keep buying chocolates irrespective of their economic situation because chocolates are related to impulse purchase and are correlated with rewards and moments of happiness. The color and packaging of the chocolates play an important role in their purchase. The attractive packaging and color helps the manufacturer in gaining prompt spontaneous response from consumers. Purple was ranked, as the most influential color followed by red and blue, in stimulating the purchase of chocolate products.

    Moulded Chocolates Dominating the Market

    Molded chocolates include solid molded and segmented bars/blocks/tablets in various sizes; some are filled with nuts and/or raisins and are made of different types of chocolate i.e.: white, milk, and dark. Tablets in the countline format are also included. For example, Cadbury Dairy Milk (Cadbury), Galaxy (Mars), etc. Vegetable and chocolate combination is becoming popular across the chocolate market, globally. For instance, Tony Chocoloney introduced a limited edition chocolate bar with white chocolate, carrot, and walnut. The molded chocolate manufacturing companies implement innovative marketing and promotional activities, in order to increase the reach of its products among the targeted customers.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Chocolate create from those of established entities?

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    Detailed TOC of Chocolate Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY
    3.1 Market Overview

    4 MARKET DYNAMICS
    4.1 Market Drivers
    4.2 Market Restraints
    4.3 Porters 5 Force Analysis
    4.3.1 Threat of New Entrants
    4.3.2 Bargaining Power of Buyers/Consumers
    4.3.3 Bargaining Power of Suppliers
    4.3.4 Threat of Substitute Products
    4.3.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product Type
    5.1.1 Alfajores
    5.1.2 Softlines/Selflines
    5.1.3 Boxed Assortments
    5.1.4 Countlines
    5.1.5 Seasonal Chocolates
    5.1.6 Molded Chocolates
    5.1.7 Chocolates with Toys
    5.1.8 Other Product Types
    5.2 By Distribution Channel
    5.2.1 Supermarkets/ Hypermarkets
    5.2.2 Specialist Retailers
    5.2.3 Convenience Stores
    5.2.4 Vending Machines
    5.2.5 Online Channel
    5.2.6 Variety Stores
    5.2.7 Other Distribution Channels
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.1.4 Rest of North America
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Russia
    5.3.2.6 Spain
    5.3.2.7 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 India
    5.3.3.2 China
    5.3.3.3 Australia
    5.3.3.4 Japan
    5.3.3.5 Rest of Asia-Pacific
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East & Africa
    5.3.5.1 UAE
    5.3.5.2 South Africa
    5.3.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Market Share Analysis
    6.2 Most Active Companies
    6.3 Most Adopted Strategies
    6.4 Company Profiles
    6.4.1 Mars Incorporated
    6.4.2 Ferrero Group
    6.4.3 Mondalez International
    6.4.4 Hershey Co.
    6.4.5 Nestle SA
    6.4.6 Pladis
    6.4.7 Chocoladenfabriken Lindt & Spr?ngli AG
    6.4.8 Arcor

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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