LONDON--(BUSINESS WIRE)--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
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.
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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.