Global Premium Chocolate Market 2018-2022 | Evolving Opportunities with Chocoladefabriken Lindt & Sprüngli and Ferrero | Technavio
LONDON--(BUSINESS WIRE)--Nov 26, 2019--
Technavio has been monitoring the global premium chocolate market since 2017 and the market is poised to grow by USD 7.03 billion during 2018-2022, progressing at a CAGR of more than 7% during the forecast period. Request free sample pages
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Technavio has announced its latest market research report titled global premium chocolate market 2018-2022 (Graphic: Business Wire)
Read the 113-page report with TOC on “Premium Chocolate Market Analysis Report by Product (Dark premium chocolate, and White and milk premium chocolates), Geography (Americas, APAC, and EMEA), and the Segment Forecasts, 2018-2022”.
The market is driven by new product launches. In addition, the rising demand for organic, vegan, sugar-free, and gluten-free chocolates is anticipated to boost the growth of the premium chocolate market.
The market has witnessed a significant rise in the number of product launches in the premium chocolate segment over the past few years. This is due to the growing consumer inclination toward premium and luxury foods. Many small and established vendors are launching their premium chocolate brands in developing countries such as India to expand their market. Thus, the increasing number of new product launches is one of the key factors that will foster market growth over the forecast period.
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Major Five Premium Chocolate Companies:
Chocoladefabriken Lindt & Sprüngli
Chocoladefabriken Lindt & Sprüngli operates the business across segments such as Seasonal chocolates, Conventional chocolates, and Premium chocolates. The company offers a wide range of premium chocolate products. DESSERT Baking Chocolate, Lindt Swiss Premium Chocolate, CREATION, and Lindt Master Chocolatier Collection are some of its key offerings.
Ferrero operates the business across segments such as Nutella, Kinder, Ferrero Pralines, and Tic Tac. Ferrero Rocher, Raffaello, and Golden Gallery are some of its key offerings.
The Hershey Company
The Hershey Company operates the business across segments such as Baking, Bars & Minis, Snacks, Syrups & Toppings, Seasonal, and Kisses. Brookside, Reese’s, and ICE BREAKERS are some of its key offerings.
Mondelēz International operates the business across segments such as Beverages, Biscuits, Meals, Chocolate, and Gum and candy. Some of the key offerings of the company include Alpen Gold, Cadbury, and Côte D’OR.
Yıldız Holding operates the business across segments such as Food, Non-food products, and Wholesale and retail. G by Godiva Bars and Handcrafted chocolate are some of its key offerings.
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Premium Chocolate Product Outlook (Revenue, USD Billion, 2018 – 2022)
Premium Chocolate Regional Outlook (Revenue, USD Billion, 2018 - 2022)
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on ConsumerStaples Include:
Global Milk Chocolate Market – Global milk chocolate market by type (bar milk chocolate and bite-size milk chocolate) and geography (APAC, Europe, MEA, North America, and South America).
Global Compound Chocolate Market – Global compound chocolate market by product (milk, dark, and white compound chocolate) and geography (APAC, Europe, MEA, North America, and South America).
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SOURCE: Technavio Research
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PUB: 11/26/2019 08:30 AM/DISC: 11/26/2019 08:30 AM