Global Premium Chocolate Market (2019-2024): Growth, Trends and Forecasts - ResearchAndMarkets.com

The "Global
Premium Chocolate Market (2019-2024): Growth, Trends and Forecasts"
report has been added to ResearchAndMarkets.com's
offering.

The Global Premium Chocolate Market is forecasted to reach USD 33.15
billion by 2024 growing at a CAGR of 9.93 % during the forecast period
(2019-2024).

Key trends in the market impacting the market are growing demand for
organic, vegan, sugar-free, and gluten-free chocolates. With the growing
awareness of the negative effects of synthetic products on health and
the environment, most health-conscious and informed consumers have
started using organic products.

Furthermore, the demand for limited edition chocolates plays an
important role in the market studied. Various companies are launching a
wide range of premium and luxury chocolate varieties during occasions,
like Easter. Factors, such as shape and packaging of chocolates, are the
key strategies adopted by companies to attain maximum sales during a
festive season.

Key Market Trends

Growing Demand for Dark Premium Chocolate

The influence of the organic and clean label trend is also palpable
among dark chocolate manufacturers, with demand for premium and organic
ingredients witnessing a spike due to their increasing health benefits.
This factor is expected to increase the demand for dark premium
chocolate in the coming years, facilitated by the indulgence purchase of
consumers.

Moreover, as consumers in the United States and Europe are more informed
about the health benefits of dark chocolate, and as the overall demand
for packaged products is high, they are increasingly inclined toward
opting for dark chocolate as a dessert option, thus increasing its
demand in developed regions, as compared to the developing economies.
Another major growth driver is the branding of seasonal and premium dark
chocolates as gifts, primarily attracting consumers who are influenced
by the price, packaging, ingredients, authenticity, or product, and the
buying experience.

United States Remains the Popular Market

United States held a prominent share in the global premium chocolate
market. Consumer in the United States prefer treating themselves with
bite-sized chocolates to limit their confectionary consumption. Dark
chocolate is fitting pleasantly with the clean eating' trend in the
country. Since dark chocolate was found to have numerous health
benefits, the consumers are opting for premium dark chocolates to have
guilt-free experience.

The supermarkets and hypermarkets, like Target and Walmart, are trying
to gain higher market traction by stocking up European premium
chocolates brands like Godiva. This increases the scope for the
international players in the United States market. Moreover, the factors
such as the increased pace of innovation and a steady influx of private
labels players, such as SPAGnVOLA Chocolatier, have further contributed
to the premium chocolate market in the country.

Competitive Landscape

Nestle, Ferrero International, Chocoladefabriken Lindt & Sprungli,
Hershey Company, Mars, Incorporated and Yildiz Holding are the most
active among all the key players in the global premium chocolate market.
Lake Champlain, CMOI, and Lotte Group are other active companies in the
global premium chocolate market.

The companies are increasing their product line and also expanding their
presence, worldwide. Key players in the premium chocolate market focus
on expanding their product portfolio, as well as presence catering the
demand specific to the local markets.

Key Topics Covered

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Porters Five Force Analysis

5 MARKET SEGMENTATION

5.1 By Product Type

5.1.1 Dark Premium Chocolate

5.1.2 White and Milk Premium Chocolate

5.2 By Distribution Channel

5.2.1 Supermarkets/Hypermarkets

5.2.2 Convenience Stores

5.2.3 Online Stores

5.2.4 Other Distrbution Channels

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia-Pacific

5.3.4 South America

5.3.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Market Share Analysis

6.2 Most Adopted Strategies

6.3 Most Active Companies

6.4 Company Profiles

6.4.1 Chocoladefabriken Lindt and Sprungli AG

6.4.2 Ferrero S.p.A.

6.4.3 The Hershey Company

6.4.4 Mondelez International Inc.

6.4.5 Yildiz Holding

6.4.6 Nestle S.A.

6.4.7 Mars

6.4.8 Cemoi Chocolatier S.A.

6.4.9 Lake Champlain Chocolates

6.4.10 Lotte Confectionary Co. Ltd.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/9llk7m

View source version on businesswire.com: https://www.businesswire.com/news/home/20190523005525/en/