Global Truffle Chocolate Market - Forecast to 2022: Growth in Organized Retailing Outlets - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 6, 2018--The “Global Truffle Chocolate Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
Analysts have predicted that the truffles chocolate market will grow at a CAGR of almost 9% by 2022.
The improving lifestyle of consumers because of rising disposable income and growing health consciousness is driving the demand for premium and luxurious confectionery items. To align themselves with changing consumer preferences, manufacturers of confectionary products like pralines and truffles are experimenting with new flavors and ethnic ingredients.
For example. in 2017. Ferrero acquired a premium confections brand named Fannie May to expand its footprints in the premium confectionery products market. Some of the well-known brands offering premium confections in truffles category include Ferrero Rocher and LINDOR.
Growth in organized retailing outlets
Organized retailers have grown worldwide with the establishment of drug stores, supermarkets, hypermarkets, convenience stores, and specialty stores. Truffle chocolates are sold mainly in organized retailers with hypermarkets and supermarkets being its major distribution channels that make truffle chocolates available to consumers. Thus, the growing organized retailing outlets are positively impacting the truffle chocolate market.
Unstable cocoa prices and declining consumption
Cocoa is the important component for manufacturing truffle chocolate, which has been witnessing a fluctuating price range from the past decade. The volatile price of cocoa makes the chocolate production cost more volatile.
Market TrendsGrowing Trend of Premiumization Rising Influence of Online Purchasing Increasing Number of Mergers & Acquisitions
Key PlayersChocoladefabriken Lindt & Sprngli Ferrero Lotte Confectionery Neuhaus Purdys Chocolatier Teuscher Chocolates of Switzerland Yildiz Holding
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Product
8. Customer Landscape
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/bm6rn5/global_truffle?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181206005857/en/
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Related Topics:Chocolate and Cocoa Products
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 12/06/2018 02:20 PM/DISC: 12/06/2018 02:20 PM