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Chocolate Market Share, Size 2019-2024 | Industry Analysis, Overview of Market Dynamics, Top Key Players, and Regional Forecast to 2024

Chocolate

The “Chocolate Market” report 2019 provides information for market players, stakeholders, investors, and business strategists to achieve a leading position the market. It maintains the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the global Chocolate market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the global market. The impact of prevailing regulatory scenario on both regional and worldwide Chocolate market is provided in detail in the report.

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Chocolate Market Covers Key Players:

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

    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.

    Report Highlights:

    • The report provides a detailed analysis on current and future market trends to identify the investment opportunities
    • Market forecasts till 2024, using estimated market values as the base numbers
    • Key market trends across the business segments, Regions and Countries
    • Key developments and strategies observed in the market
    • Market Dynamics such as Drivers, Restraints, Opportunities and other trends
    • In-depth company profiles of key players and upcoming prominent players
    • Growth prospects among the emerging nations through 2024
    • Chocolate Market opportunities and recommendations for new investments

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    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.

    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.

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    Detailed TOC of Chocolate Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY
    3.1 Market Overview

    4 MARKET DYNAMICS
    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 MARKET SEGMENTATION
    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
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.1.4 Rest of North America
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Russia
    5.3.2.6 Spain
    5.3.2.7 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 India
    5.3.3.2 China
    5.3.3.3 Australia
    5.3.3.4 Japan
    5.3.3.5 Rest of Asia-Pacific
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East & Africa
    5.3.5.1 UAE
    5.3.5.2 South Africa
    5.3.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    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

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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