Global Chocolate Confectionery Markets to 2026 - A $187+ Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 18, 2019--The “Chocolate Confectionery - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Global Chocolate Confectionery market accounted for $128.79 billion in 2017 and is expected to reach $187.05 billion by 2026 growing at a CAGR of 4.2% during the forecast period.
Factors such as increasing demand for chocolates and declining price of cocoa beans which is used as raw material in the processing of chocolate items are driving the market growth. However, negative health connotations of chocolate will continue to undermine sales and increases in the price of imported raw materials such as cocoa butter and sugar are hindering the market.
Based on Composition, dark chocolate segment is anticipated to show a high growth rate due to growing demand for dark chocolate in emerging countries which will impact the expansion of the chocolate industry and increase in the seasonal sales thus boosting the dark chocolate segment during the estimated period.
In terms of geography, Asia Pacific is expected to grow at a high rate due to the increasing disposable incomes of the people in this region, huge population base and increasing focus on market players.
Product Types Covered:
Distribution Channels Covered:
View source version on businesswire.com:https://www.businesswire.com/news/home/20190118005190/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Chocolate and Cocoa Products
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/18/2019 07:09 AM/DISC: 01/18/2019 07:09 AM