MarketsandMarkets: Global Chocolate Market Worth $ 98.3 Billion by 2016By Marketsandmarkets, PRNE
Monday, May 2, 2011
DALLAS, Texas, May 3, 2011 - The report 'Global Chocolate, Cocoa Beans, Lecithin, Sugar and Vanilla
Market By Market Share, Trade, Prices, Geography Trend and Forecast
(2011-2016)' analyzes the chocolate market by products, sales category, and
geography and studies the major market drivers, restraints, and opportunities
for the chocolate market in North America, Europe, and Asia. The global
chocolate market is expected to grow from $83.2 billion in 2010.to $98.3
billion in 2016 at an estimated CAGR of 2.7% from 2011 to 2016.
Browse 139 market data tables over 380 pages and in-depth TOC on 'Global
chocolate, cocoa beans, lecithin, sugar and vanilla market by market share,
trade prices, geography trends and forecast (2011-2016)'
tml Early buyers will receive 10% customization on reports.
Some of the major drivers of the industry identified in this report are
health benefits, large variety of applications, and seasonal and festive
sales. The major restraints identified in this report are raw material prices
and the dependency of the industry on unstable economies for cocoa supply.
Major threats the industry is facing are the rising counterfeit market and
changing consumer preferences. Opportunities that can change the dynamics of
this industry are lower penetration in developing economies, organic and fair
trade chocolate, and the use of chocolate as functional food.
The market in Asia is driving sales and is expected to hold a 20% share
of the global market in 2016. The market in Asia is expected to have a high
CAGR of 4.7% due to lower penetration, and sales in the Asian region are
expected to boost their share from $15 billion in 2010 to $19.7 billion in
2016. The U.S. leads the chocolate market in North America with a market
share of around 86.3%, while Japan leads the Asian market with a 39.7% market
share. In Europe, the UK has the largest demand with a market share of 16.4%,
followed by Germany with 15.9%.
The report basically focuses on three segments: by products, by sales
category, and by geography. The product segmentation covers different
chocolate types: dark chocolate, milk chocolate, and white chocolate. The
second segmentation discusses about the major category of sale of premium
chocolate, everyday chocolate, and seasonal chocolate. The report also
analyzes major raw materials such as cocoa beans, sugar, emulsifiers such as
lecithin, and flavors such as vanilla. The report discusses the major
chocolate markets in the above-mentioned geographies along with key industry
events such as new product launches, mergers and acquisitions, and
agreements. The objective of report is to highlight key market trends which
can be strategically useful and actionable for the stakeholders; i.e.
chocolate manufacturers, confectionery retailers and distributors, raw
material producers and distributors, and research and consulting firms in the
chocolate industry. The entire report is supported with lots of facts and
figures about market size, market revenues, and prices per capita
consumptions. The total number of tables and figures is about 139 in the
report. The report also forecasts the chocolate market till 2016.
Scope of the report
This research report categorizes the global market for chocolate on the
basis of product, sales, category, geography and raw materials; forecasting
revenues and analyzing trends in each of the following submarkets:
On the basis of products:
Dark chocolate, milk chocolate, white chocolate
On the basis of sales category:
Everyday chocolate, premium chocolate, seasonal chocolate
On the basis of geography:
North America, Europe, Asia, RoW (Rest of the World)
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