The outlook for hot chocolate is relatively sweet. Growth will likely be driven by increased demand because of higher incomes, population growth and an improved product mix. Continued nutritional concerns will negatively affect demand for industry products, but operators will help offset this factor by developing healthier products and premium products (like gourmet and organic) as well as increasing visibility and marketing. Over the next five years, operators will continue to expand product lines to adhere to consumers' changing preferences.
This industry primarily produces hot chocolate, which is also known as hot cocoa or drinking chocolate. Industry operators generally process cacao beans and other ingredients to make a powder that is then mixed with a liquid, such as milk or water. This industry does not produce syrup that is poured into milk to make hot chocolate. Ready-to-drink dairy-based chocolate milk products are also excluded.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.