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Chocolate Market 2019 Significant Growth Rate by Industry Size, Share, Market Dynamics, Development Status of Key Players Forecast to 2024


The “Chocolate Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Chocolate Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Chocolate market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Chocolate Market Are:

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

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    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.

    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.

    Chocolate Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Chocolate market?
    • What are the key market trends impacting the growth of the global Chocolate market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Chocolate market?
    • What are the market opportunities and threats faced by the vendors in the global Chocolate market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Chocolate market?

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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.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Chocolate Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Chocolate .

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    Report Objectives:

    • Analyzing the size of the Chocolate market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Chocolate market.
    • Determining the key dynamics of the Chocolate market.
    • Highlighting significant trends of the Chocolate market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Chocolate market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Chocolate market.

    Detailed TOC of Chocolate Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study


    3.1 Market Overview

    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

    5.1 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 United States Canada Mexico Rest of North America
    5.3.2 Europe Germany United Kingdom France Italy Russia Spain Rest of Europe
    5.3.3 Asia-Pacific India China Australia Japan Rest of Asia-Pacific
    5.3.4 South America Brazil Argentina Rest of South America
    5.3.5 Middle East & Africa UAE South Africa Rest of Middle East & Africa

    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



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