Chocolate Market 2019-2023 | Increasing Premiumization Of Chocolates to Boost Growth | Technavio

Technavio has been monitoring the chocolate market and it is poised to grow by USD 41.15 billion during 2019-2023, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Request latest free sample report of 2020-2024

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200331005571/en/

Technavio has announced its latest market research report titled Global Chocolate Market 2019-2023 (Graphic: Business Wire)

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Arcor Group, Barry Callebaut AG, Chocoladefabriken Lindt & Sprüngli AG, Chocolaterie Guylian NV, Ferrero International SA, Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Nestlé Group, and The Hershey Co. are some of the major market participants. The increasing premiumization of chocolates will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Increasing premiumization of chocolates has been instrumental in driving the growth of the market.

Chocolate market 2019-2023 : Segmentation

Chocolate market is segmented as below:

  • Product
    • Milk Chocolate
    • Dark Chocolate
    • White Chocolate
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download latest free sample report of 2020-2024: https://www.technavio.com/talk-to-us?report=IRTNTR41047

Chocolate market 2019-2023 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our chocolate market report covers the following areas:

  • Chocolate market size
  • Chocolate market trends
  • Chocolate market industry analysis

This study identifies new product launches as one of the prime reasons driving the chocolate market growth during the next few years.

Chocolate market 2019-2023 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the chocolate market, including some of the vendors such as Arcor Group, Barry Callebaut AG, Chocoladefabriken Lindt & Sprüngli AG, Chocolaterie Guylian NV, Ferrero International SA, Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Nestlé Group and The Hershey Co. Backed with competitive intelligence and benchmarking, our research reports on the chocolate market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Chocolate market 2019-2023 : Key Highlights

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will assist chocolate market growth during the next five years
  • Estimation of the chocolate market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the chocolate market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of chocolate market vendors

Table Of Contents :

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • Milk chocolate - Market size and forecast 2019-2024
  • Dark chocolate - Market size and forecast 2019-2024
  • White chocolate - Market size and forecast 2019-2024
  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Arcor Group
  • Barry Callebaut AG
  • Chocoladefabriken Lindt & Sprüngli AG
  • Chocolaterie Guylian NV
  • Ferrero International SA
  • Mars Inc.
  • Meiji Holdings Co. Ltd.
  • Mondelez International Inc.
  • Nestlé Group
  • The Hershey Co.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

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 17,000 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200331005571/en/

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/