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Premium Chocolate Market Share, Size, Key Players, Research
and Forecasts to 2025 | Hexa Research
“ The global premium chocolate market is projected to witness steady growth
over the forecast period.”
28 December 2018
The global premium chocolate market is projected to witness steady growth over the forecast period (2017 to
2025). Rising awareness regarding adverse effects of synthetic food products on consumer he alth has driven
preference for organic products, a trend that has emerged as one of the major factors driving the market.
Growing popularity of premium foods has also resulted in new product launches in the market, which is likely
to contribute to industry expansion. From 2011 to 2015, the trend of product innovation in the premium
segment grew by around 70% globally and over 7% of the chocolates launched in 2015 were labeled
premium. A number of large- and small-scale manufacturers are focusing on diversifying their product
portfolio by introducing premium products.
For example, Nestlé S.A. recently launched a new range of chocolates to expand its operations in India. Made
in Switzerland, the new product range is made from solely organic ingredients and co ntains whole pieces of
fruits and nuts, creating a product that is both unique and delicious. Similarly, Parle Products Pvt. Ltd.
launched new super-premium brand to cater to escalating demand for premium products. However, premium
chocolates are more expensive than traditional chocolates, which may hamper global demand and have a
negative impact on market growth. In addition, fluctuating prices of raw materials such as milk powder,
cocoa beans, and sugar could lead to increase in production costs, thereby increasing the price of the final
product. This can also said to hinder market growth.
Browse Details of Report @ https://www.hexaresearch.com/research-report/premium-chocolate-market
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