The latest report by IMARC Group, titled “Premium Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’Offers a comprehensive analysis of the industry, which comprises insights on Premium Chocolate Market Trends:
Premium Chocolate Market Overview:
The global premium chocolate market reached a value of US$ 27.9 Billion in 2021. Premium chocolates are prepared from various high-quality fine ingredients with superior craftsmanship. They usually comprise a larger quantity of cocoa, which is further infused with exotic flavoring and other components, including almonds, raspberries, pomegranates, blueberry chunks, or alcohol, to provide it a velvety-rich flavor. Premium chocolates are rich in fibers, antioxidants, iron, and magnesium that improve cognitive functions and blood flow, release stress, and are less detrimental to teeth than other chocolates. Consequently, they are extensively used in pastries, confectionery items, baked products, or consumed directly.
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Global Premium Chocolate Market Trends:
The rapid expansion in the food and beverage (F&B) sector and the increasing consumption of packaged food amongst the younger generation and millennials are primarily driving the market growth. This is further influenced by the growing need for vegan, sugar-free premium chocolates made from various organic ingredients, owing to changing dietary patterns and evolving consumer preferences. Moreover, the rising health consciousness and awareness amongst consumers regarding the detrimental effects of synthetic materials have prompted manufacturers to use non-genetically modified organisms (GMO) ingredients in the formulation of premium chocolates, which is propelling the market growth. Additionally, the introduction of innovative product variants with exotic flavors, such as honey, espresso, peanut butter, mint, and honey, in effective packaging solutions is impelling the market growth. Apart from this, easy product availability across several distribution channels and the seasonal demand for premium chocolates as gifts on multiple occasions are supporting the market growth.
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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.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Packaging Type, Distribution Channel, Region|
Key Market Segmentation:
Breakup by Product Type:
- Dark Chocolate
- Milk Chocolate
- White Chocolate
Breakup by Packaging Type:
- Standard Packaging
- Gift Packaging
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
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
- Impact of COVID-19
- Value Chain Analysis
- 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.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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