BlueWeaveConsulting
According to an upcoming report by BlueWeave Consulting, “Global Chocolate
Market, by Type, by Category, by Distribution Channel, by Region, Growth
Potential, Competitive Market Share and Forecast, 2015-2025” The Global
chocolate market is projected to grow with a significant growth rate during the
forecast period 2019-2025.
Chocolate, one of the mouthwatering foods which are relished by kids, young and middle-
aged people. Consumers are now slowly shifting from traditional sweetmeats to the well-
wrapped chocolates. Owing to raising awareness about the health benefits of consuming
chocolate on a daily basis, shifting consumer preference and rising disposable income drive
the demand for chocolate. An Increase in demand for healthy chocolates with a specific
nutritional profile, in order to maintain a healthy diet, consumers are showing more interest
in sugar- free chocolates.
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Milk Chocolate segment holds the largest market size of the entire chocolate
market during the forecast period.
Milk chocolate is one of the most popular cocoa products made with a mixture of sugar,
chocolate liquor and condensed milk or whole milk powder. As compared to the dark
chocolate, milk chocolate melts easily and has a lighter color and a creamier texture. The
chocolate helps in boosting memory, smoothening and hydrating the skin, reducing the risk
of heart strokes and attacks, and improving the immune system. On account of these
benefits, backed by the rising purchasing power of the consumers, there has been an
increase in the consumption of milk chocolate. The dark chocolate segment is projected to
attain a significant market share during the forecast period. Dark chocolate has several
health benefits, like improves blood flow, enhances brain function, lowers blood pressure,
and reduces the risk of heart diseases which aid to fuel the global chocolate market during
the forecast period.
North America accounts for the largest market size in the global chocolate market
during the forecast period.
North America accounts for the lion market share of the entire chocolate market due to the
escalation in product innovations, and high disposable income. Changing consumer
preferences has increased sales of foreign and premium chocolates in occasions such as
valentine day, birthday will propel the market. The arrival of chocolate manufacturing
multinationals, modern retail trade, changing urban lifestyles fuelled the growth of the
chocolate industry. The Asia Pacific emerged as one of the fastest growing region owing to
the rising influence of Western culture and habits in countries in the region. With increasing
purchasing power, consumers are readily paying for taste and quality products.
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