A
new market intelligence study by Transparency Market Research
presents a detailed overview of the global chocolate market. The
report is titled “Chocolate Market - Global Industry Analysis,
Size, Share, Growth, Trends And Forecast, 2013 - 2019.” The report
provides a comprehensive analysis of the growth drivers, factors
challenging growth, trends, innovations, and projections of the
market for the period from 2013 to 2019.
The
global
chocolate market is driven by the rising awareness among
consumers regarding the health benefits of dark, cocoa-rich
chocolate. Dark chocolate, rich in anti-oxidants, has the potential
to prevent cardiac diseases and other diseases, which is expected to
boost the consumption and drive the global chocolate market. The
availability of a wide variety of dark chocolate is encouraging
consumers to try out the variants, boosting the market. Improvement
in the lifestyles of consumers and an increase in their disposable
income are some of the other factors benefitting the global chocolate
market. Chocolate is used in confectionary products and flavored food
and beverages, thus driving the market.
Chocolate
is typically a sweet preparation of Theobroma cacao seeds that is
roasted and grounded, generally flavored with vanilla. Chocolate is
extremely popular and widely consumed across the globe. Chocolate is
classified on the basis of the amount of cocoa present in the
chocolate.
The
rising disposable income of Asia Pacific consumers, especially in
countries such as Japan, China, India, and South Korea has brought
down the social status of chocolate from a luxury food item to an
everyday commodity. This has impacted the chocolate market
positively. The inexpensive, local brands of chocolate as well as the
premium, international brands of chocolate are popular among
consumers, thus driving the market.
View
exclusive Global strategic Business report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1373
Chocolate
as functional foods, is a growing trend among people, since they are
perceived as stress-relieving eatables, having high nutritional
value. However, the fluctuating prices or instability of raw
materials required in the manufacturing of chocolate, such as cocoa,
act as a challenge for the manufacturers of chocolate. The unstable
supply of cocoa is due to heavy reliance on West African countries
and the political instability in the major cocoa producing regions.
The
global chocolate market is segmented on the basis of type and region.
On the basis of type, the global chocolate market is categorized into
dark chocolate, milk chocolate, and white chocolate. The geographies
studied in the report include Europe, North America, Asia Pacific,
and the Rest of the World.
The
report profiles some of the leading manufacturers of chocolate such
as Nestle SA, Ferrero Group, Mars Inc., Hershey Foods Corp.,
Ghirardelli Chocolate Co., Moonstruck Chocolatier Co., and Kraft
Foods.
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