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For instance, in March 2020, The Hershey Company launched a new product under the brand name, Hershey's Cookies 'N' Chocolate Bar. Famous chocolate companies strictly follow traditional (and sometimes secret) recipes for their products. World Market S Mores Chocolate Bar Set Of 2. The global chocolate market size was valued at USD 130.56 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2020 to 2027. ; Germany; U.K.; China; India; Brazil; South AfricaBarry Callebaut; Lindt & Sprüngli AG; Mondelez International; Nestle; The Hershey Company; Ferrero Group; Mars, Incorporated; The Australian Carob Co.; Meiji Holdings Co., Ltd.; and ArcorFree report customization (equivalent up to 8 analysts working days) with purchase. The raw materials used in chocolate production do not originate in Belgium; most cocoa is produced in Belgium's association with chocolate goes back as far as 1635, when the country was under The composition of Belgian chocolate has been regulated by law since 1894 when, in order to prevent adulteration of the chocolate with low-quality fats from other sources, a minimum level of 35 percent pure cocoa was imposed.Controversy about what can legitimately be called "Belgian chocolate" has been fueled by some traditional Belgian chocolatiers being purchased by non-Belgian companies and even moving production out of Belgium.

The raw materials used in chocolate production do not originate in Belgium; most cocoa is produced in Africa, Central America, and South America.


Moreover, online retailers including Amazon and Walmart are adding this product category as the main focus area.
Furthermore, the calcium content in the carob is almost thrice the amount found in cocoa. According to the World Health Organization, in 2016, 17% of Chile's population suffered from depression, which is the highest rate in the world.Consumption of chocolate also suppresses the release of cortisol, a stress hormone. World Market Mint Cookie Dark Chocolate Bar. This website is secure and your personal details are safe. Furthermore, favorable government initiatives, such as tax concession, for grinder and chocolate producers are expected to increase product availability in the region. Please wait while we are processing your request...Chocolate Market Size, Share, Industry Report, 2020-2027 This report forecasts revenue growth at the global, regional, and country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. There have always been many forms and shapes, although they almost always consist of a chocolate shell with a softer filling. Rising awareness regarding dark chocolate as a healthier confectionery product, which consists of antioxidants that protect the skin from harmful ultraviolet rays, is expected to promote the market growth over the next few years. As per the National Confectioners Association, 150 million Santa-shaped chocolates were manufactured in North America during Christmas.Dark chocolate consumption is also associated with reducing the risk of cardiovascular diseases owing to the presence of good fats and flavonoids that are considered to lower blood pressure and bad cholesterol level. For instance, in February 2019, Pierre Marcolini opened the first store in a mall in UAE to expand the customer base.The industry participants are expected to increase their spending on new product launches in order to expand their market size.

Furthermore, a decline in the consumption of poultry, meat and seafood products across the globe is expected to increase the demand for plant and animal-based protein supplements in the near future. Addition or alteration to country, regional & segment scope.Avail customized purchase options to meet your exact research needs. Moreover, manufacturers are opening stores at malls owing to growing demand for chocolate among consumers, thereby driving sales of chocolate through supermarkets and hypermarkets in coming years.For instance, as of May 2018, Walmart had 21 stores and plans to open around 50 more stores by the end of 2023 in India. Some of the prominent players in the chocolate market include:Revenue in USD million/billion and CAGR from 2020 to 2027Revenue forecast, company ranking, competitive landscape, growth factors, and trendsNorth America; Europe, Asia Pacific, Central & South America, and MEAU.S. As chocolate helps in relaxing the mind and inducing happiness, it is expected that sales of chocolate will continue to witness a boost during the coming years.Chocolates are also associated with a token of appreciation, love, and happiness, which are given as gifts during the festive season, thereby propelling the product demand. Avail customized purchase options to meet your exact research needs: