The global chocolate market is forecast to grow at a CAGR of 5.32% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Innovations in chocolate manufacturing will be a key trend for market growth. Researchers at Temple University, Philadelphia, Pennsylvania, US have found a new process to produce low-fat chocolate by the application of an electric field charge in the direction of the flow of liquid chocolate.
This lowers the viscosity of the liquid and enables manufacturers to reduce the minimum amount of melted fat required to maintain proper flow in the pipeline. In February 2015, Barry Callebaut announced that it has devised a new method to produce milk chocolate with only 25% fat. The new process has also received a patent from the European Patent Office.
According to the report, premiumization will be a key driver for market growth. The demand for premium chocolates is growing around the world, particularly in countries such as the US and Brazil. Players are positioning their premium chocolates as gifting options. For instance, In India, Mondelez has positioned its Toblerone and Bournville brands as suitable for gifting.
As part of the drive toward premiumization, players are also offering single-origin chocolate products. These chocolates are made from one variety of cocoa harvested in one region. In July 2015, Harald and Nugali, two Brazilian chocolate companies, launched their single origin chocolate products in the US market. In May 2016, Haigh's Chocolates launched four new single-origin chocolates from Ecuador, Madagascar, Papua New Guinea, and the Dominican Republic.
Further, the report states that the increasing incidence of obesity among consumers worldwide is a challenge faced by the global chocolate market. In 2014 nearly 26% of the total world population were overweight and of that nearly 32% were obese. It is estimated that by 2030 nearly 74% of men and 64% of women in the UK will be overweight and nearly 42% of the US population will be obese.
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 a SWOT analysis of the key vendors.
- What will the market size be in 2020 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?
- Mondelez International
- August Storck
- Barry Callebaut
- Blommer Chocolate Company
- Empresas Carozzi
- Cemoi Chocolatier
- Chocolate Frey
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by distribution channel
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
PART 17: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/k9mbsf/global_chocolate
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets