Published on : Jul 05, 2016
ALBANY, New York, July 05, 2016: A new market research report, titled “Global Chocolate Market Report: 2016 Edition,” has been featured on ResearchMoz.us. The report defines chocolate in the context of this study, its types, production process, usage, and market segmentation. The chocolate market dynamics such as growth drivers, key trends, and challenges have been included in the report. The competitive landscape has been analyzed and details about the key market players have been given.
Chocolate is a type of food available in the form of block, paste, or as a flavoring agent in other foods. The taste of chocolate is typically sweet, but may vary in terms of bitterness, depending on the type of chocolate. Chocolate is rich in carbohydrates, proteins, and fats, and hence considered as a high energy food. Chocolate is also considered as functional foods and perceived as a stress-relieving eatable with high nutritional value. The consumption of dark chocolate to prevent cardiac diseases and other diseases is increasing among people across the globe. This is because dark chocolate is found to be rich in anti-oxidants and has the potential of preventing some of the diseases.
The consumption of chocolate across the globe has seen a significant rise as growing number of people are becoming aware of the health benefits of chocolate. The rising disposable income of people across the developing nations has led to chocolates falling in the category of ordinary food, rather than luxury food. This has resulted in higher purchase and consumption of chocolates, impacting the global chocolate market in a positive manner. The rise in the purchase of chocolates online is also boosting the global chocolate market.
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The global chocolate market faces challenges in the form of shortage in the availability of cocoa and fluctuating prices of the raw materials required for the production of chocolates. The unstable supply of cocoa is a major challenge, as there is a heavy reliance on West African countries for the production of cocoa. Dependence on a few countries for the production of cocoa is leading to an increase in the price of cocoa, and subsequently the price of chocolates.
However, many mergers and acquisitions are predicted in the chocolate industry, which is expected to boost sales. Alteration in chocolate compositions by manufacturers will further lead to a sustained demand for chocolates. The key manufacturers of chocolate studied in the report are: Nestle, Hershey and Barry Callebaut, and Lindt & Sprungli.
The global chocolate market is segmented on the basis of type and region. On the basis of type, the global chocolate market is categorized into milk chocolate, white chocolate, and dark chocolate. On the basis of geography, the market is segmented into North America, Asia Pacific, Europe, and the Rest of the World.
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