The drinking chocolates are also known as hot chocolate and its consumption provides instant pleasure, enjoyment and health benefits. Due to its benefits, it is considered as one of the favorite product in food and beverage sector among all the craved food to be preferred by consumers. Availability of innovative blends and flexibility of drinking chocolate made its high demand in market among consumer whereas its high cost is impacting the market growth.
According to Data Bridge Market Research the market for drinking chocolate is dominated by Nestle has the largest market share of approximately 23.05% to 26.20%. Due to high demand of its product in market the company is generating high revenue in market. .
Trends Impacting the market
Now the question is which other regions Nestle, Mars, Mondelēz International are targeting? Data Bridge Market Research has forecasted a large growth in Europe drinking chocolate market and the market leaders are targeting Germany and U.K. to be their next revenue pockets for 2020.
Drinking chocolate market is becoming more competitive every year with companies like Nestle, Mars Incorporated, Mondelēz International are the market leaders for Drinking Chocolate. The Data bridge market research new reports highlight the major growth factors and opportunities in the Europe drinking chocolate market.
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All analysis of the drinking chocolate market is further analyzed based on further segmentation. On the basis of type, the drinking chocolate market is segmented into dark, white and milk. On the basis of cocoa content, the market is segmented into 60-90%, 40-60%, 30-40% and others. On the basis of application, the market is segmented into protein shakes, energy drinks, chocolate drinks, coffee mixes and others. On the basis of flavor the market is segmented into caramel, vanilla, honey & hazelnut and others. On the basis of form the market is segmented into powder & liquid. On the basis of target consumers the market is segmented into adults & kids. On the basis of packaging type the market is segmented into rigid & flexible. On the basis of packaging material the market is segmented into plastics, paper board, aluminium & others. On the basis of end user, the market is segmented into food service providers, household/domestic, corporates, airlines, and others. On the basis of distribution channel, the market is segmented into store-based retailing & non-store retailing.
Key Market Competitors Covered in the Report
Above is the key players covered in the report to know about more and exhaustive list of Drinking Chocolate companies contact us
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Europe Drinking Chocolate Market – Industry Trends and Forecast to 2027