Lucintel Anticipates Global Retail Chocolate Industry to Reach $117.3 Billion by 2018
Global Retail Chocolate Industry Analysis and Outlook 2013-2018
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IRVING, Texas, May 27, 2014 /PRNewswire-iReach/ -- The global retail chocolate industry is expected to reach an estimated value of $117.3 billion by 2018. The major driver of chocolate industry is increasing per capita income along with the increasing demand for nutritional chocolates, sugar-free chocolates, and organic or natural chocolate. Seasonal and festive sales impacts the selling and production of chocolate. Increasing use of chocolates in different applications such as facial cream, Pharmaceuticals, and Beverage market will further drive this industry.
Lucintel, a leading global management consulting and market research firm, has analyzed the global retail chocolate industry by product type and by region and has come up with a comprehensive research report, "Global Retail Chocolate Industry Analysis and Outlook 2013-2018." This report provides an analysis of the global retail chocolate industry including the market trend, company profiles, cost structure, growth opportunities, key drivers, and emerging trend of the market. The study also includes global retail chocolate industry trends and forecasts through 2018, segmented by regions, and by product type as follows:
Global retail chocolate industry by regions:
- North America
- Asia Pacific
- Rest of World
Global retail chocolate industry by product type:
- Dark Chocolate
- Milk Chocolate
- White Chocolate
On the basis of its comprehensive research, Lucintel forecasts that majority of the segments for chocolate industry will grow moderately during 2013-2018. Milk chocolate segment is expected to grow at a greater pace than dark chocolate and white chocolate. Innovation of new products with new flavors and less calorie such as sugar-free chocolates will increase the demand of chocolates. Growing demand of milk chocolate from emerging economies such as China, India, and the Middle East countries is anticipated to boost the market. With increasing awareness about health and wellness customers are leaning towards diet chocolates and sugar-free products. Mondelēz International Inc., The Hershey Company, Nestle SA, Barry Callebaut AG, and Chocoladefabriken Lindt & Sprungeli AG are among the major chocolate manufacturers. Regular innovation of products is very important for companies to sustain their successful position in the market.
This 148-page market research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at email@example.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com . You can also contact us through Live Chat in its website to answer your questions in real time.
Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M & A and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com
Media Contact: Roy Almaguer, Lucintel, +1-972-636-5056, firstname.lastname@example.org
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