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Global Chocolate Market 2017-2021

Global Chocolate Market 2017-2021

About Chocolate

Chocolate is a form of food which is in the form of a paste or solid blocks made from cacao seeds usually sweetened and consumed as a confectionery. The global confectionary market includes products like chocolate confectionary, sugar confectionary, and gum confectionary. The retail chocolate confectionery market is growing steadily as specialist chocolate stores have become a key source of sales for many manufacturers.

Technavio’s analysts forecast the global chocolate market to grow at a CAGR of 5.37% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global chocolate market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product..

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Chocolate Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Mars
  • Mondelēz International
  • Nestlé
  • Ferrero
  • THE HERSHEY COMPANY
  • Chocoladefabriken Lindt & Sprüngli
Other prominent vendors
  • AUGUST STORCK KG
  • Blue Frog Chocolates
  • ChocOn
  • Gayle's Chocolates
  • GCMMF (Amul)
  • Gilbert Chocolates
  • Godiva
  • Guylian
  • Haigh's Chocolates
  • Lake Champlain Chocolates
  • Lotus Chocolate Company
  • Ludwig Schokolade
  • Patchi
  • Phillips Chocolate
  • RITTER SPORT
Market driver
  • Increasing demand for premium and seasonal chocolates
  • For a full, detailed list, view our report
Market challenge
  • Demand outstripping the supply of cocoa beans
  • For a full, detailed list, view our report
Market trend
  • Players introducing more limited edition chocolate
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Chocolate Market 2017-2021

Technavio recognizes the following companies as the key players in the global chocolate market: Mars, Mondelēz International, Nestlé, Ferrero, THE HERSHEY COMPANY, and Chocoladefabriken Lindt & Sprüngli.

Other Prominent Vendors in the market are: AUGUST STORCK KG, Blue Frog Chocolates, ChocOn, Gayle's Chocolates, GCMMF (Amul), Gilbert Chocolates, Godiva, Guylian, Haigh's Chocolates, Lake Champlain Chocolates, Lotus Chocolate Company, Ludwig Schokolade, Patchi,Phillips Chocolate, and RITTER SPORT.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is players introducing more limited-edition chocolate. Players are launching limited edition chocolate products to keep the customers interested and attract more customers to their brand. Limited edition chocolate products are helping them to promote new offerings or give their previous products a bit of a boost. Limited edition chocolate products are specially bought by consumers for gifting purposes owing to their distinct flavors, which separate them other chocolate products. Many players are coming up with limited edition chocolate products.”

According to the report, one of the major drivers for this market is increasing demand for premium and seasonal chocolates. Players (Lindt, Ferraro, and Godiva) are positioning premium chocolate products as gifts. Consumers, who are more conscious about the brand and quality of the chocolate they consume, buy premium chocolate. Enthusiasm for the purchase of seasonal chocolate is increasing globally during festivals (like Easter, Halloween, and Christmas) and holidays. During these seasonal occasions, consumers are willing to pay a little extra to purchase seasonal chocolate as a treat, gift, or add-on to a larger gift for loved ones.

Further, the report states that one of the major factors hindering the growth of this market is demand outstripping the supply of cocoa beans. The consumer chocolate market is growing steadily, and the future demand for chocolate is expected to increase rapidly during the forecast period. However, currently, the demand for cocoa beans is outstripping its supply as cocoa stocks are declining owing to many factors like poor farming methods, pest infestation and diseases, extreme weather, political instability, and civil unrest in producing countries.

Companies Mentioned

Mars, Mondelēz International, Nestlé, Ferrero, THE HERSHEY COMPANY, and Chocoladefabriken Lindt & Sprüngli. Other Prominent Vendors in the market are: AUGUST STORCK KG, Blue Frog Chocolates, ChocOn, Gayle's Chocolates, GCMMF (Amul), Gilbert Chocolates, Godiva, Guylian, Haigh's Chocolates, Lake Champlain Chocolates, Lotus Chocolate Company, Ludwig Schokolade, Patchi,Phillips Chocolate, and RITTER SPORT.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Global confectionary market
      • Table Global confectionary market 2016-2021 ($ billions)
  • Market landscape
    • Cocoa: An overview
      • Table Cocoa: Supply chain analysis
    • Global chocolate market
      • Table Global chocolate market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table Segmentation by chocolate type in 2016 and 2021 (%)
    • Global white chocolate market
      • Table Global white chocolate market 2016-2021 ($ billions)
    • Global milk chocolate market
      • Table Global milk chocolate market 2016-2021 ($ billions)
    • Global dark chocolate market
      • Table Global dark chocolate market 2016-2021 ($ billions)
  • Market segmentation by distribution channel
    • Table Segmentation by distribution channel in 2016 (%)
  • Geographical segmentation
    • Table Segmentation by geography in 2016 and 2021 (%)
    • Chocolate market in the Americas
      • Table Chocolate market in the Americas 2016-2021 ($ billions)
    • Chocolate market in APAC
      • Table Chocolate market in APAC 2016-2021 ($ billions)
    • Chocolate market in EMEA
      • Table Chocolate market in EMEA 2016-2021 ($ billions)
  • Key leading countries
    • Table Key leading countries
    • US
      • Table Number of supermarkets in the US (2012 - 2015)
      • Table Chocolate market in the US: Market share analysis 2016
      • Table Chocolate market in the US ($ billions)
    • Germany
      • Table Chocolate market in Germany ($ billions)
    • UK
      • Table Chocolate market in the UK ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Global cocoa prices 2011-2016 ($ per ton)
      • Table Global sugar prices 2014-2016 (cents per pound)
  • Market trends
    • Demand for organic, vegan, sugar-free, and gluten-free chocolate
      • Table Retail packaged gluten-free food market for different countries 2010- 2014 ($ billions)
    • Players introducing more limited edition chocolate
      • Table Some examples of limited edition chocolate launched in last few years
    • Support for sustainable cocoa production
    • Transparency in ingredient labeling
    • Availability of a variety of trendy flavors in chocolate
  • Regulatory bodies and trade associations
    • International Cocoa Organization (ICCO)
    • World Cocoa Foundation
    • International CoCoa Farmers Organization
    • Toledo Cacao Growers Association
  • Vendor landscape
    • Competitive scenario
      • Table Strategies adopted by market players
      • Table Key players in global chocolate market by market share in 2016 (%)
  • Key vendor analysis
    • Mars
      • Table Product portfolio of Mars
    • Mondelez International
      • Table Mondelez International: Business segmentation by geography 2015
      • Table Mondelez International: Business segmentation by revenue 2015
      • Table Product portfolio of Mondelez International
    • Nestlé
      • Table Nestlé: Segmentation by geography
      • Table Nestlé: Product overview
    • Ferrero
      • Table Product portfolio of Ferrero
    • THE HERSHEY COMPANY
      • Table Product portfolio of THE HERSHEY COMPANY
    • Chocoladefabriken Lindt & Sprüngli
      • Table Chocoladefabriken Lindt & Sprüngli: Business segmentation by geography 2015
      • Table Product portfolio of Chocoladefabriken Lindt & Sprüngli
    • Other prominent vendors
  • Explore Technavio

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