Global Chocolate Market 2020-2024
Technavio has been monitoring the global chocolate market and it is poised to grow by USD 41.15 bn during 2020-2024, progressing at a CAGR of 5% during the forecast period. Our reports on global chocolate market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing premiumization of chocolates.In addition, new product launches is anticipated to boost the growth of the global chocolate market as well.
Technavio's global chocolate market is segmented as below:
Key Trends for global chocolate market growth
This study identifies new product launches as the prime reasons driving the global chocolate market growth during the next few years.
Prominent vendors in global chocolate market
We provide a detailed analysis of around 25 vendors operating in the global chocolate market, including some of the vendors such as Arcor Group, Barry Callebaut AG, Chocoladefabriken Lindt & SprÃ¼ngli AG, Chocolaterie Guylian NV, Ferrero International SA, Mars Inc., Meiji Holdings Co. Ltd.Â , Mondelez International Inc., NestlÃ© Group and The Hershey Co.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
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