Global Dark Chocolate Market 2015-2019
About Dark Chocolate
Dark chocolate is made from cocoa butter, sugar, and cocoa powder, with very little or no milk. Dark chocolates are considered very beneficial for health. The introduction of new varieties has increased sales. New varieties contain ingredients such as dry fruits, toffee, and sea salt. Increased demand for dark chocolate in developing countries is a result of rise in income levels and change in eating habits. Innovations in packaging and its use as a gift are also contributing to the growth of the market.
Technavio's analysts forecast the global dark chocolate market to grow at a CAGR of 8.58% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global dark chocolate market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the retail sales of dark chocolate.
Technavio's report, Global Dark Chocolate Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, Europe, and ROW; it also covers the landscape of the global dark chocolate market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key Regions
Technavio Announces the Publication of its Research Report – Global Dark Chocolate Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Dark Chocolate Market: Ferrero Group, Mars, Mondelez International, Nestle
Other Prominent Vendors in the market are: Alfred Ritter, Amul, August Storck, Blommer Chocolate, Brookside Foods, Cémoi, Chocolate Frey, Crown Confectionery, Ezaki Glico and Hershey's
Commenting on the report, an analyst from Technavio’s team said: “The cocoa flavanols present in dark chocolate are believed to be beneficial to cardiovascular health. Dark chocolate is rich in soluble fiber, iron, magnesium, copper, potassium, and phosphorus, which are important for efficient cognitive function and blood circulation. The EFSA has approved the claim by Barry Callebaut (a leading manufacturer of high-quality cocoa products and chocolates) that cocoa flavanols help blood circulation by maintaining the elasticity of blood vessels. As dark chocolate contains lower levels of sugar than most other chocolates, it is also considered safer for teeth. Vendors have started offering products with low sugar content, sweeteners other than sugar, and products that have added nutritional benefits. Stevia-based dark chocolate is becoming popular because it has lower calories than other dark chocolates and is therefore regarded as safer for consumption by those with diabetes.”
According to the report, vendors of dark chocolate are now using packaging that keeps the product safe for longer periods of time and increases its shelf life. They are also selling dark chocolate in small packs; these packs attract price-sensitive consumers due to their low cost. Also, small packs are ideal for calorie-conscious consumers that prefer consuming smaller quantities of chocolate. With the governments of many countries implementing regulations to ensure the protection of the environment, vendors in the chocolate market are also packaging their products in biodegradable materials. For example, Barry Callebaut has collaborated with paper manufacturer James Cropper to make environment-friendly wrappers using cocoa husks.
Further, the report states that dark chocolate manufacturers are facing problems in their production because of increasing raw material prices.
Ferrero Group, Mars, Mondelez International, Nestle, Alfred Ritter, Amul, August Storck, Blommer Chocolate, Brookside Foods, Cémoi, Chocolate Frey, Crown Confectionery, Ezaki Glico, Hershey's