Chocolate is a typically sweet, usually brown, comfort food made from cocoa trees in lump, liquid, or paste form. Chocolate is used as a flavoring ingredient in several food products, such as chocolate brownies, cakes, chocolate cookies, bars, and candies. The main ingredient in cocoa provides phytochemicals, which are an antioxidant. The content of phytochemicals is high in dark chocolates. Chocolate increases serotonin levels in the brain and gut and improves the immune system.
The growing awareness of the health benefits associated with chocolate is a major factor propelling the growth of the chocolate market. Consumption of chocolate provides health benefits such as blood pressure suppressing property, antioxidant fortification, and anti-aging. In addition, the increasing demand for chocolate and chocolate products on the occasion of seasons and festivals contributes significantly to the growth of the chocolate market. Strong demand for chocolate in the confectionery market is further fueling market growth. For example, according to the analysis of Coherent Market Insights, the confectionery market is expected to experience a CAGR of 3.8% during the forecast period 2017-2025.
The chocolate market is expected to grow from 120.5 billion USD in 2020 and reach 200.4 billion USD by 2027, with a growth of 3.8% over the period 2021-2027
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Consistent market information most recent report on Chocolate market analyzes the impact of the novel coronavirus (COVID-19) on the industry. The report includes the outlook for the global industry in light of the current market situation, trends, key industry players, and how these factors are should stimulate the chocolate market over the projection horizon.
The main key players included in this
Mars, Hershey, Nestlé, Barry Callebaut, Kraft Foods, Ferrero, Moonstruck Chocolatier Co., Ghirardelli Chocolate Co. and Mondelez International (Cadbury).
Global Chocolate Market Report Promises Accurate Records Regarding Various Driving or Constraining Factors improvement of the business sector. The main stakeholders cannot forget the statistics, tables and figures referred to in this Chocolate report for strategic planning that leads to organizational success.
Points Covered In The Chocolate Market Report
The Chocolate Market report covers regional and subregional analysis of the market. It includes factual and statistical analysis with information obtained from the company website, annual reports and internal database. The report also offers country-level information on factors affecting the market growth in the respective country.
The report includes quantitative and quantitative analysis of the market and various factors such as political analysis, economic analysis and socio-economic factors affecting the growth of the market.
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