Europe Drinking Chocolate Market is Forecasted to Grow a CAGR of 3.6% in the Forecast Period of 2020-2027

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.

Europe Drinking Chocolate Market Scenario

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. .

For instance,

  • in March 2020, Nestle Company has launched its new product in market which is a plant-based product Milo. The product was launched in Australia. Milo replaced the milk powder with oats and soy. The new product launch by Nestle will help increase its credibility in the market and increased market thereby increased revenue in future.

Europe Drinking Chocolate MarketTrends 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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New Drinking Chocolate Market Development

  • In September 2019, The Hershey Company acquired ONE Brands, LLC which sells a range of low-sugar, high-protein nutrition bars in the U.S., with the ONE Bar as its primary product. This acquisition helped The Hershey Company to get increased product portfolio, thus increased revenue in future. In February 2020, Nestlé launched instant coffee by Starbucks with the continuous streak of innovation with Starbucks. This new product launch by Nestle will increase the market demand of the product and thereby increases the sales in future.

Scope of the Drinking Chocolate Market

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 Pointers Covered in the Europe Drinking Chocolate Market Industry Trends and Forecast to 2027

  • Market Size
  • Regulatory Framework and Changes
  • Recent Developments for Market Competitors
  • Sales Data for Market Competitors
  • key vendors and disruptors study
  • Supply Chain Competiveness

Key Market Competitors Covered in the Report

  • Nestlé
  • Godiva
  • Uelzena eG
  • Starbucks Coffee Company
  • Chocoladefabriken Lindt & Sprüngli AG
  • The Simply Good Foods Company
  • Mars, Incorporated
  • Mondelēz International
  • Others

Above is the key players covered in the report to know about more and exhaustive list of Drinking Chocolate companies contact us

Research Methodology: Europe Drinking Chocolate Market

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.

Primary Respondents

  • Demand Side: Government fleets, personal consumers, Researchers, Food & Feed Specialists.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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