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Chocolate Sales Set for Steady Growth with the Entry of Inexpensive, Local Brands

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A new market intelligence study by Transparency Market Research presents a detailed overview of the global chocolate market. The report is titled “Chocolate Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019.”
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REPORT DESCRIPTION
A new market intelligence study by Transparency Market Research presents a detailed overview of the global chocolate market.
The report is titled “Chocolate Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019.” The
report provides a comprehensive analysis of the growth drivers, factors challenging growth, trends, innovations, and projections
of the market for the period from 2013 to 2019.
The global chocolate market is driven by the rising awareness among consumers regarding the health benefits of dark, cocoarich chocolate. Dark chocolate, rich in anti-oxidants, has the potential to prevent cardiac diseases and other diseases, which is
expected to boost the consumption and drive the global chocolate market. The availability of a wide variety of dark chocolate is
encouraging consumers to try out the variants, boosting the market. Improvement in the lifestyles of consumers and an
increase in their disposable income are some of the other factors benefitting the global chocolate market. Chocolate is used in
confectionary products and flavored food and beverages, thus driving the market.
Chocolate is typically a sweet preparation of Theobroma cacao seeds that is roasted and grounded, generally flavored with
vanilla. Chocolate is extremely popular and widely consumed across the globe. Chocolate is classified on the basis of the
amount of cocoa present in the chocolate.
The rising disposable income of Asia Pacific consumers, especially in countries such as Japan, China, India, and South Korea has
brought down the social status of chocolate from a luxury food item to an everyday commodity. This has impacted the chocolate
market positively. The inexpensive, local brands of chocolate as well as the premium, international brands of chocolate are
popular among consumers, thus driving the market.
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Chocolate as functional foods, is a growing trend among people, since they are perceived as stress-relieving eatables, having
high nutritional value. However, the fluctuating prices or instability of raw materials required in the manufacturing of chocolate,
such as cocoa, act as a challenge for the manufacturers of chocolate. The unstable supply of cocoa is due to heavy reliance on
West African countries and the political instability in the major cocoa producing regions.
The global chocolate market is segmented on the basis of type and region. On the basis of type, the global chocolate market is
categorized into dark chocolate, milk chocolate, and white chocolate. The geographies studied in the report include Europe,
North America, Asia Pacific, and the Rest of the World.
The report profiles some of the leading manufacturers of chocolate such as Nestle SA, Ferrero Group, Mars Inc., Hershey Foods
Corp., Ghirardelli Chocolate Co., Moonstruck Chocolatier Co., and Kraft Foods.
About Us
Transparency Market Research is a market intelligence company providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision
makers.
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and
various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most
reliable information indispensable for businesses to sustain a competitive edge.
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United States
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Website: http://www.transparencymarketresearch.com
Author
Amy James
Amy James817   documents Email
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