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The milk chocolate segment will generate maximum revenue in the chocolate market during the forecast period owing to the increased demand for milk chocolates. In terms of geography, Europe will present significant opportunities for market vendors due to the factors such as the growing health awareness and a high number of obese people in the region. In addition, the presence of major chocolate manufacturers will be crucial in driving the growth of the chocolate market in Europe during 2021-2025.
Assistive Technology Market: Major Growth Drivers
The chocolate market growth is expected to be driven by the following factors:
- Increasing demand for organic, sugar-free, vegan, and gluten-free chocolates
- New product launches
- Increasing marketing activities
In addition, the report identifies the increasing demand for premium chocolates as a major trend in the chocolate market. Improvements in socioeconomic conditions and rising disposable incomes, especially in developing countries have increased the purchasing power of consumers. This has been creating a steady rise in the demand for premium products. To capitalize on this trend, vendors are introducing premium chocolates to target customers who are influenced by price, packaging, ingredients, and exclusivity. All these factors are positively influencing the growth of the global chocolate market.
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Assistive Technology Market: Key Vendor Offerings
Arcor Group: The company offers products under the brand name Aguila.
Delfi Ltd.: The company offers products under the brand name Confectionary.
Ferrero International SA: The company offers products under the brand names of Nutella, Kinder, Ferreo paralines, and Tic tac.
Lindt and Sprüngli Group: The company offers products under the brand names of Lindor, Excellence, and Gifting.
Mars Inc.: The company offers products under the brand name of Mars Wrigley.
Reasons to Buy Chocolate Market Report:
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist chocolate market growth during the next five years
- Estimation of the chocolate market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the chocolate market across North America, Europe, Asia, and ROW
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of chocolate market vendors
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Related Reports on Consumer Staples Include:
Global Cocoa Market – Global cocoa market is segmented by product (cocoa liquor, cocoa butter, and cocoa powder), application (confectionery, food and beverage, and others), and geography (Europe, MEA, APAC, North America, and South America).
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Global Industrial Chocolate Market – Global industrial chocolate market is segmented by application (confectionery, biscuits and bakery products, dairy and desserts, ice creams and frozen items, and cereals and others), and geography (APAC, Europe, MEA, North America, and South America).
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