The global premium chocolate market to grow at a CAGR of 7.28% during the period 2018-2022.
Global Premium Chocolate Market 2018-2022, 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.
One trend in the market is demand for organic, vegan, sugar-free, and gluten-free chocolates. With the growing awareness of the negative effects of synthetic products on health and the environment, most health-conscious and informed consumers have started using organic products. This also applies to the premium chocolate sector.
According to the report, one driver in the market is new product launches. With increasing popularity of the premium segment, the number of product launches in the premium chocolate category is rising. Between 2011 and 2015, the number of product launches in the premium chocolate segment grew by over 70%, globally. In 2015, nearly 7% of chocolates launched were labeled premium.
Further, the report states that one challenge in the market is fluctuating price of cocoa beans. One of the most important challenges for the growth of the market is the fluctuating price of basic raw materials that includes cocoa beans, milk powder, and sugar. In 2016, the price of cocoa beans increased by nearly 1% from 2015. The price of premium chocolate is higher than other conventional chocolates and rising cost of cocoa beans will lead to further increase in the cost of production.
- Chocoladefabriken Lindt & Sprngli
- Mondelez International
- The Hershey Company
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Market Sizing
Part 06: Five Forces Analysis
Part 07: Market Segmentation By Product
Part 08: Customer Landscape
Part 09: Regional Landscape
Part 10: Decision Framework
Part 11: Drivers And Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Vendor Analysis
Part 15: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/tpvm9l/global_premium?w=4.