Cocoa And Chocolate Market Growth, Trends, And Forecasts (20182023)
Cocoa And Chocolate Market By Chocolate Type, By Cocoa Type (Cocoa Butter, Cocoa Liquor And Cocoa Powder) By Application, And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (20182023)
(EMAILWIRE.COM, August 20, 2018 ) Chocolate is mainly classified by the amount of cocoa it contains. Chocolate is considered as dark chocolate if it contains more than 60% cocoa. Milk chocolates account for about 50% of all chocolate consumption but they, in general, contain as little as 10% cocoa.
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Global Cocoa and Chocolate Market was worth $129.01 billion in 2018 and estimated to be growing at a CAGR of 2.28%, to reach $144.4 billion by 2023. The market is showcasing huge potential in the mentioned forecasting period.
The cocoa and chocolate market has been growing at a steady pace. The constant strong demand from North America is propelling the cocoa and chocolate market in the region. Cocoa provides texture, flavour, and colour to products. Furthermore, it has anti-inflammatory, anti-oxidative, and anti-depressant properties. The market for these ingredients is observing growth in developing economies such as India and China. Dark chocolate contains high amounts of antioxidants, which are believed to delay or prevent certain types of diseases like cardiac arrest. These health benefits, perceived by people and doctors, is one of the main reason behind strong growth for products with high quantities of cocoa.
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Powerful local and global growth in demand is unevenly matched against an unpredictable and unstable supply. But chocolate consumers happen to be quite price insensitive. Except in very rare circumstances consumers are willing to purchase cocoa product at any given prices. The huge demand for chocolate and cocoa in confectionery and food and beverage industries majorly drives the market. The health benefits of cocoa and chocolate in pharmaceuticals and cosmetics has enough evidence to back manufacturers to consider using such ingredients.
The Global Cocoa and Chocolate Market is categorized by Chocolate Type (Dark Chocolate, Milk Chocolate, White Chocolate and Filled Chocolate), by Cocoa type (Cocoa Butter, Cocoa Liquor and Cocoa Powder). Based on Application, the market is further segmented into Cosmetics, Pharmaceuticals, Food and Beverage and Confectionery. The milk and white chocolate segment is expected to grow at the highest rate from 2018 to 2023.
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Cocoa and Chocolate Market Segmentation:
Chocolate Type
Introduction
Dark Chocolate
Milk Chocolate
White Chocolate
Filled Chocolate
Y-o-Y Growth Analysis, By Chocolate Type
Market Attractiveness Analysis, By Chocolate Type
Market Share Analysis, By Chocolate Type
Cocoa Type
Introduction
Cocoa Butter
Cocoa Liquor
Cocoa Powder
Y-o-Y Growth Analysis, By Cocoa Type
Market Attractiveness Analysis, By Cocoa Type
Market Share Analysis, By Cocoa Type
Application
Introduction
Cosmetics
Pharmaceuticals
Food & Beverage
Confectionery
Y-o-Y Growth Analysis, By Application
Market Attractiveness Analysis, By Application
Market Share Analysis, By Application
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
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Get the Complete Report & TOC @ https://marketdataforecast.com/market-reports/global-cocoa-and-chocolate-market-2577/
Global Cocoa and Chocolate Market was worth $129.01 billion in 2018 and estimated to be growing at a CAGR of 2.28%, to reach $144.4 billion by 2023. The market is showcasing huge potential in the mentioned forecasting period.
The cocoa and chocolate market has been growing at a steady pace. The constant strong demand from North America is propelling the cocoa and chocolate market in the region. Cocoa provides texture, flavour, and colour to products. Furthermore, it has anti-inflammatory, anti-oxidative, and anti-depressant properties. The market for these ingredients is observing growth in developing economies such as India and China. Dark chocolate contains high amounts of antioxidants, which are believed to delay or prevent certain types of diseases like cardiac arrest. These health benefits, perceived by people and doctors, is one of the main reason behind strong growth for products with high quantities of cocoa.
Download FREE Sample of this Report @ https://marketdataforecast.com/market-reports/global-cocoa-and-chocolate-market-2577/request-sample
Powerful local and global growth in demand is unevenly matched against an unpredictable and unstable supply. But chocolate consumers happen to be quite price insensitive. Except in very rare circumstances consumers are willing to purchase cocoa product at any given prices. The huge demand for chocolate and cocoa in confectionery and food and beverage industries majorly drives the market. The health benefits of cocoa and chocolate in pharmaceuticals and cosmetics has enough evidence to back manufacturers to consider using such ingredients.
The Global Cocoa and Chocolate Market is categorized by Chocolate Type (Dark Chocolate, Milk Chocolate, White Chocolate and Filled Chocolate), by Cocoa type (Cocoa Butter, Cocoa Liquor and Cocoa Powder). Based on Application, the market is further segmented into Cosmetics, Pharmaceuticals, Food and Beverage and Confectionery. The milk and white chocolate segment is expected to grow at the highest rate from 2018 to 2023.
Get the Customize Report @ https://marketdataforecast.com/market-reports/global-cocoa-and-chocolate-market-2577/customize-report
Cocoa and Chocolate Market Segmentation:
Chocolate Type
Introduction
Dark Chocolate
Milk Chocolate
White Chocolate
Filled Chocolate
Y-o-Y Growth Analysis, By Chocolate Type
Market Attractiveness Analysis, By Chocolate Type
Market Share Analysis, By Chocolate Type
Cocoa Type
Introduction
Cocoa Butter
Cocoa Liquor
Cocoa Powder
Y-o-Y Growth Analysis, By Cocoa Type
Market Attractiveness Analysis, By Cocoa Type
Market Share Analysis, By Cocoa Type
Application
Introduction
Cosmetics
Pharmaceuticals
Food & Beverage
Confectionery
Y-o-Y Growth Analysis, By Application
Market Attractiveness Analysis, By Application
Market Share Analysis, By Application
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results