LONDON--(BUSINESS WIRE)--Technavio has been monitoring the chocolate flavor market and it is poised to grow by $109.88 million during 2020-2024, progressing at a CAGR of almost 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.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Chocolate Flavor Market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Archer Daniels Midland Co., Barry Callebaut AG, Blommer Chocolate Co., Givaudan SA, Olam International Ltd., Puratos NV/SA, Sensient Technologies Corp., Symrise AG, Takasago International Corp., and The MANE Group are some of the major market participants. The growing popularity of chocolate flavor-based baked goods 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.
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The growing popularity of chocolate flavor-based baked goods has been instrumental in driving the growth of the market. However, stringent food safety regulations and guidelines might hamper the market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/chocolate-flavor-market-industry-analysis
Chocolate Flavor Market 2020-2024: Segmentation
Chocolate Flavor Market is segmented as below:
- Food Products
- Beverage Products
- North America
- South America
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Chocolate Flavor Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The chocolate flavor market report covers the following areas:
- Chocolate Flavor Market Size
- Chocolate Flavor Market Trends
- Chocolate Flavor Market Industry Analysis
This study identifies advances in de-icing equipment as one of the prime reasons driving the chocolate flavor market growth during the next few years.
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Chocolate Flavor Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist chocolate flavor market growth during the next five years
- Estimation of the chocolate flavor market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the chocolate flavor market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of chocolate flavor market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Force Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Food products - Market size and forecast 2019-2024
- Beverage products - Market size and forecast 2019-2024
- Market opportunity by Application
- 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
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Archer Daniels Midland Co.
- Barry Callebaut AG
- Blommer Chocolate Co.
- Givaudan SA
- Olam International Ltd.
- Puratos NV/SA
- Sensient Technologies Corp.
- Symrise AG
- Takasago International Corp.
- The MANE Group
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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.