Global Chocolate Market 2019-2023 | Evolving Opportunities with Ferrero and Mars | Technavio

Technavio has announced its latest market research report titled global chocolate market 2019-2023. (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the global chocolate market and the market is poised to grow by USD 37.03 billion during 2019-2023 at a CAGR of almost 5% during the forecast period. Request Free Sample Pages

Read the 137-page research report with TOC on "Chocolate Market Analysis Report by Product (Milk chocolate, Dark chocolate, and White chocolate), by Geography (Americas, APAC, and EMEA), and Segment Forecasts, 2019 - 2023".

The market is driven by the increasing premiumization of chocolates. In addition, the increase in packaging innovations is anticipated to further boost the growth of the chocolate market.

Vendors are introducing new premium chocolates for differentiation and personalization of their chocolate segment. This is driving the demand for premium chocolates from emerging economies including Brazil, India, and China. The sales of premium chocolates help vendors to improve their profit margins as customers are highly influenced by exclusivity, packaging, provenance, ingredients, and price. Thus, the increasing premiumization of chocolates is expected to drive market growth during the forecast period.

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Major Five Chocolate Market Companies:

Chocoladefabriken Lindt & Sprüngli

Chocoladefabriken Lindt & Sprüngli is headquartered in Switzerland and operates the business under various segments such as Europe, NAFTA, and All other segments. The company provides different varieties and flavors of chocolate products.

Ferrero

Ferrero is headquartered in Italy and offers products through the following business units: Nutella, Kinder, Ferrero Pralines, and Tic Tac. The company offers chocolates such as Raffaello and Ferrero Rocher.

Mars

Mars is headquartered in the US and operates under various business segments, namely Mars Petcare, Mars Food, Mars Wrigley Confectionery, Mars Drinks, and Mars Symbioscience. The company offers chocolate products such as MILKY WAY, SNICKERS, TWIX, Skittles, M&M'S, and others.

Mondelēz International

Mondelēz International is headquartered in the US and offers products through the following business segments: Latin America, Asia, Middle East, and Africa, Europe, and North America. The company provides different varieties and flavors of chocolate products.

Nestlé

Nestlé is headquartered in Switzerland and offers products through the following business segments: Zone Americas (AMS), Zone Europe, Middle East and North Africa (EMENA), Zone Asia, Oceania and sub Saharan Africa (AOA), Nestlé Waters, Nestlé Nutrition, and Other businesses.

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Chocolate Product Outlook (Revenue, USD Million, 2019 - 2023)

  • Milk chocolate
  • Dark chocolate
  • White chocolate

Chocolate Regional Outlook (Revenue, USD Million, 2019 - 2023)

  • Americas
  • APAC
  • EMEA

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Related Reports on Consumer Staples include:

Compound Chocolate Market – Global Compound Chocolate Market by product (milk, dark, and white compound chocolate) and geography (APAC, Europe, MEA, North America, and South America).

Chocolate Confectionery Market – Global Chocolate Confectionery Market by product (chocolate bars, boxed assortments and seasonal variants, and others) and geography (APAC, Europe, MEA, North America, and South America).

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Contacts

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

Release Summary

Technavio has been monitoring the global chocolate market and the market is poised to grow by USD 37.03 billion during 2019-2023 at a CAGR of 5%

Contacts

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