Cocoa and Chocolate Market size is valued at USD 74.39 billion by 2027 and is expected to grow at a compound annual growth rate of 5.2% in the forecast period of 2020 to 2027 due to the growing demand for fair-trade chocolates and the consumer’s inclination towards healthy snacking which is primarily driving the market growth rate.
Beside this, the low penetration rate in growing countries and the rising usage of chocolates as a functional food will produce lucrative opportunities for the growth of the cocoa and chocolate market.
According to Data Bridge Market Research the market for cocoa and chocolate is accelerating because of the wide range of products and brand portfolio as well as well-established brands. Also the, various health benefits associated with cocoa and chocolate products and the rising usage of cocoa due to its antioxidant content are also expected to fuel the demand of the cocoa and chocolate market over the forecast period of 2020 to 2027. Whereas, the changing consumer’s preferences along with easy availability of counterfeit products will hamper the growth of the cocoa and chocolate market in the above mentioned forecast period.
Now the question is which the other regions that cocoa and chocolate market is targeting? Data Bridge Market Research has estimated large growth in Asia-Pacific due to strong presence of more satisfying and prominent market for chocolate manufacturers within the region.
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Cocoa and chocolate market is segmented on the basis of countries into the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of cocoa and chocolate companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-cocoa-and-chocolate-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed 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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Global Cocoa and Chocolate Market – Industry Trends and Forecast to 2027