(Food-Beverage-News.Com, October 08, 2018 ) The global chocolate market is gaining traction due to increasing awareness with regards to health benefits of chocolates. Chocolate is obtained from tropical Theobroma cacao tree seeds. The different products used to make chocolates include chocolate liquor, cocoa butter, and cocoa solids. Chocolate is a prominent product used in confectionary and desserts for taste, texture, and flavour. Cocoa contains antioxidants, which offer health benefits such as reduced blood pressure, enhanced blood vessel health and improved cholesterol levels. The demand for dark chocolate has increased significantly over the few years owing to its higher percentage of cocoa and health benefits owing to its high content of alkaloids, and flavonoids. Association of chocolates with festivals and gifts has also increased its popularity. North America and Europe are major consumers of chocolates in the world.
Increasing awareness regarding the health benefits of chocolates boosts the global market
The growing awareness regarding the health benefits of chocolates primarily drives the market. There has been an increased awareness among consumers regarding health benefits offered by chocolates such as improved heart functioning, anti-inflammation properties, anti-oxidant properties, and maintenance blood pressure among others. The consumption of chocolates has also increased owing to increasing disposable income of consumers, especially in the developing regions. Other factors driving the growth of this market include declining cost of cocoa beans, increasing standards of livings, increasing urbanization, changing consumer preferences and wide variety of options available in the global market. The use of chocolates as for festivals and gifts further promotes its adoption.
However, stringent trade regulations, and high prices of raw materials are some of the factors hampering the global market.
Global Chocolate Market Taxonomy
The global Chocolate market is segmented on the basis of product type, sales, distribution channel, and geography.
By Product Type
• Milk Chocolates • White Chocolates • Dark Chocolates By Sales • Premium Chocolates • Seasonal Chocolates • Everyday Chocolates By Distribution Channel • Offline Stores • Online Platforms
Geographically, the global Chocolate market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. High disposable income and healthy lifestyle changes boost the growth in Europe.
On the basis of geography, Europe is expected to dominate the global market over forecast period. There has been an increased awareness regarding health benefits of chocolates, which has resulted in an increased demand. The increase in demand for speciality chocolates in countries such as France, Belgium, Italy, Switzerland, and Germany supports the growth of the market in the region. Consumers are opting for premium chocolates owing to high disposable income and changing consumer preferences. Increasing health concerns and increasing initiatives by market players to promote health and wellness has increased the consumption of chocolates in the region.
Key players in the global Chocolate market are
• Mondel?z International, Inc. • Nestle SA • Hershey Foods Corporation • Mars Inc • Kraft Foods • Ghirardelli Chocolate Co • Moonstruck Chocolatier Co • Fererro Group • Ezaki Glico Co. Ltd. • Meiji Co Ltd • Lindt & Sprungli • Barry Callebaut
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
We mainly focus on aiding our customers with substantial competitive intelligence, helping them to secure a competitive advantage in the market and accomplish sustainable growth in different market domains. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Through dedicated qualitative and quantitative primary and secondary market research and consulting assignments, we adeptly formulate competitive strategies to address business challenges for our clients through analyzing market trends and emerging technologies.
Contact us-
Mr. Neel Corporate Sales, USA Polaris Market Research Phone: 1-646-568-9980 Email: sales@polarismarketresearch.com Web: www.polarismarketresearch.com
