Chocolate is a type of food made from roasted or ground cacao seeds which can be consumed in the form of blocks, paste or as an ingredient or flouring agent in other foods. It is typically a sweet food, but may be mildly or very bitter depending on the variety being consumed. Rich in carbohydrates, fats and vegetable proteins, chocolate is considered as a high energy food. Based on taste, it can be classified as dark chocolate, milk chocolate or white chocolate, and based on the difference in its composition; it can be classified as real chocolate or compound chocolate.
The entire market can be broadly segmented into market for cocoa production and confectionary which includes the market for chocolate. Consumption of chocolate worldwide is influenced greatly by demand patterns across different regions that are in turn affected by macro-economic factors like global GDP, global youth population, and wealth. Some of the recent trends in the global markets are in line with the global cocoa shortfall, thus changing consumption patterns and preferences. However, an alteration in chocolate compositions, necessitated by this shortage, has ensured sustained demand. Rising cocoa prices and nutritional concerns may still pose a challenge to this market.
The report “Global Chocolate Market” analyzes the development of this market, with focus on the U.S, the U.K, China and Switzerland. Major trends, growth drivers as well as issues being faced by the industry are discussed in detail in the report. The four major players of the industry, Nestle, Lindt & Sprungli, Hershey and Barry Callebaut have been profiled along with their key financials and strategies for growth.
Future trend in the global chocolate market has been forecasted by combining SPSS Inc.’s data integration and analysis capabilities. Regression models have been created by employing various significant variables that have an impact on the market. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables, and tests.
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200 pages •
By Euromonitor International
• Feb 2021
Many areas of packaged food benefited from stockpiling in early-2020 in response to concerns over potential product shortages due to the impact of the COVID-19 pandemic. Many consumers also stocked up as they sought to minimise shopping trips away-from-home. This led to a surge in demand in early-2020 for products including rice, packaged...
261 pages •
By Euromonitor International
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Fresh and perishable products saw a harsh impact from COVID-19 in Portugal in 2020, whereas processed and shelf stable products fared better. With regards to fresh and perishable products, disruptions such as the closure of borders, travel limitations, changes in the operating model of foodservice establishments, and even changes in consumption...
256 pages •
By Euromonitor International
• Dec 2020
Packaged food continues to record retail value growth in Romania in 2020 despite significant changes in consumers’ purchasing and consumption habits as a result of the COVID-19 pandemic. During 2020, many Romanians spent long periods working from home and studying remotely in a bid to curb COVID-19 transmission. This led to a fall in on-the-go...
207 pages •
By Euromonitor International
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Prior to the outbreak of COVID-19, the social conflicts seen in Bolivia were having a negative impact on packaged food towards the end of the review period. When the pandemic struck Bolivia in March, the government implemented a strict lockdown that saw schools closed and many working from home. Both the pandemic and ongoing social unrest...
241 pages •
By Euromonitor International
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226 pages •
By Euromonitor International
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208 pages •
By Euromonitor International
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242 pages •
By Euromonitor International
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236 pages •
By Euromonitor International
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In 2020, the effects of national lockdown on consumer behaviour have led to a reversal in the poor performance of retail packaged food. From 2015 to 2019, sales of packaged food in retail volume terms decreased because of falling purchasing power and rising unemployment. However, in 2020 the situation has been completely different, with COVID-19...
206 pages •
By Euromonitor International
• Dec 2020
Retail current value sales of packaged food in Tunisia was relatively stable in the face of COVID-19 during 2020, reflecting the fundamental inelasticity of demand for these products. With the exception of hypermarkets, which were forced to close for a brief period, grocery retail outlets have continued to operate without significant disruption.
Packaged...
Processed Food
Packaged Food
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Ice Cream
Baby Food
Chocolate
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Tunisia
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