London, 30 March 2015 – Consistent introduction of new varieties and flavors has led to the gradual growth of the Global Chocolate Market, which is expected to post a CAGR of 5.02 percent from 2015-2019, says research firm Technavio.
About the Report
According to a new report from Technavio, new products have been introduced by chocolate vendors to cater to the changing needs of consumers worldwide.
“Chocolates are offered in many exotic flavors like yogurt, lemon, orange and even milkshake. Chocolate covered potato chips are becoming popular in China and Japan, and fruit ingredients like strawberry, raspberry, cherry and peach are also being seen more often,” says Faisal Ghaus, Vice President of Technavio.
The latest Technavio report emphasizes the rise in demand for more health conscious products. Stevia-based chocolate products are becoming popular, and dark chocolate has also seen a resurgence.
“The health benefits associated with dark chocolate are one of the factors contributing to growth in the chocolate market,” says Ghaus.
“Dark chocolate is a good brain food and is more tooth-friendly than other types of chocolate. The cocoa flavanols present in the chocolate are believed to improve cardiovascular health, which is making it more popular among consumers.”
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Introduction of New Varieties
- For a full detailed list, view our report.
Market Challenges:
- Rise in Prices of Ingredients
- For a full detailed list, view our report.
Market Trends:
- Rise in Demand for Dark Chocolate
- For a full detailed list, view our report.
Key Vendors:
- Ferrero Group
- Mars Inc.
- Mondelēz International Inc.
- Nestlé SA
Other Prominent Vendors:
- Alfred Ritter
- Barry Callebaut Group
- Brookside Foods
- Carozzi Chile
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
