Global Premium Chocolate Market: Global Industry Trends, Share, Size, Growth and Forecast Till 2027
According to IMARC Group’s latest report, titled “Premium Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ The global premium chocolate market reached a value of US$ 27.9 Billion in 2021. Premium chocolates are made with excellent artistry and high-quality ingredients. They help in relieving stress, improving memory, controlling anxiety levels, enhancing the ability to focus, and boosting blood circulation. They are widely available in mint, honey, beer, espresso, blueberry, raspberry, pomegranate, and peanut butter variants. At present, several companies are focusing on improving and customizing the packaging of their chocolates according to customer requirements.
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Rising awareness among individuals about the
health benefits of chocolate, along with inflating income levels, represents
one of the major factors propelling the market growth. Moreover, there is an
increase in the utilization of chocolates in preparing candies, nutritional
bars, baked goods, and beverages. This, along with the rising demand for
packaged food items on account of changing lifestyles of people, is
contributing to the market growth. In addition, the widespread availability of
premium chocolates through online and offline stores is positively influencing
the market. Furthermore, leading market players are introducing limited-edition
premium chocolates with high-quality nuts, grains, and cereals, which is
projected to increase the overall sales. Looking forward, IMARC Group expects
the market to reach US$ 46.53 Billion by 2027, exhibiting a CAGR of 8.8% during
2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Key Market Segmentation:
Breakup by Product Type:
·
Dark Chocolate
·
Milk Chocolate
·
White Chocolate
·
Others
Breakup by Packaging Type:
·
Standard Packaging
·
Gift Packaging
Breakup by Distribution Channel:
·
Supermarkets and Hypermarkets
·
Convenience Stores
·
Specialty Stores
·
Online Stores
·
Others
Breakup by
Region:
· North America (United States, Canada)
· Europe (Germany, France, United Kingdom, Italy, Spain,
Others)
· Asia Pacific (China, Japan, India, Australia,
Indonesia, Korea, Others)
· Latin America (Brazil, Mexico, Others)
· Middle East and Africa (United Arab Emirates, Saudi
Arabia, Qatar, Iraq, Others)
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Key highlights
of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success
Factors
- The Impact of COVID-19 on the
Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the
competitive landscape
If you need specific information that
is not currently within the scope of the report, we will provide it to you as a
part of the customization.
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We partner with clients in all sectors and regions to identify their
highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products
include major market, scientific, economic and technological developments for
business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology,
advanced materials, pharmaceuticals, food and beverage, travel and tourism,
nanotechnology and novel processing methods are at the top of the company’s
expertise.
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