According to a new market research report published by sheer analytics and insights, “The Global Chocolate Market will grow at 3.1% CAGR from 2020 to 2030, as per the latest market research report titled Global Chocolate Market (By Type – Dark Chocolate, Milk Chocolate, White Chocolate. By Product Type – Softlines/Selflines, Countlines, Molded Chocolates. By Distribustion Channel – Supermarkets/ Hypermarkets, Specialist Retailers, Convenience Stores, Online Channel. By Geography – North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Global industry analysis, size, share, growth, trends, and forecast, 2020-2030.
Chocolates as a delicacy is one of the most preferred sweet all over the world. Milk is one of the most consumed chocolate among all other forms till date. But, at the same time dark chocolates are also capturing the market at steady rate. The main barrier for the growth of dark chocolates are its cost and limited range in most of the areas. Whereas, milk chocolates in combination with assorted range is mostly consumed by youngsters in present days and dark chocolates are preferred by people above the age of 40+. Dark chocolates are more beneficial for all age of people when compared for health. In developed nations, dark chocolates are preferred by parents, old age people and also youngsters. But one of the major risk is taking too much any kind of chocolates. This has affected many in terms of dental problems, nervousness, constipation and migraine. Due to this consumption of any type of chocolates has seen a moderate decline from past few years. Market for chocolates is in between consolidation and fragmentation. In most of the countries top five players mostly dominate around 60% of the market in 2020.
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Moreover, in this current pandemic of COVID-19, the motors market affected much. It changes the growth rate graph slightly in the Chocolate market. But, it is expected that after the pandemic situation, the global Chocolate market will reach in the high position in the graph. Apart from that, the riding of the light manufacturing industry across the world is anticipated to offer a significant opportunity for market growth in the next forecast period of 2020 to 2030.
Geographically, The Chocolate Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook of the company, and it includes the market share and company or industry profiles of key players operating in the global market. Key players in the report include Argentina, Australia, Austria, Belgium, Brazil, Bulgaria , Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt , Finland, France, Germany, Greece, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, Slovakia, South Africa, South Korea, Spain, Sweden, Thailand, Turkey, UAE, UK, Ukraine, US and Venezuela.among others.
The Global Chocolate Market Has Been Segmented into:
Global Chocolate Market: By Type
- Dark Chocolate
- Milk Chocolate
- White Chocolate
Global Chocolate Market: By Product Type
- Boxed Chocolate
- Chocolate Countlines
- Chocolate Straightlines
- Molded Bars
Global Chocolate Market: By Distribution Channel
- Cash & Carries & Warehouse Clubs
- “Dollar Stores”, Variety Stores & General Merchandise Retailers
- Hypermarkets & Supermarkets
- Convenience Stores
- Department Stores
- Food & drinks specialists
- eRetailers or online stores
Global Chocolate Market: By Region
- North America (U.S. and Rest of North America)
- Europe (U.K., Germany, France, and Rest of Europe)
- Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
- Rest of World (Middle East & Africa (MEA), Latin America)
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