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Chocolate industry pegged to grow over five years: study


June 16, 2014
By Bakers Journal

June 16, 2014, Dublin, Ireland – International chocolate industry revenue is forecasted to reach $117.3 billion
by 2018 at a good growth rate over the next five years, says a report entitled Global Retail Chocolate Industry 2013-2018: Trends, Forecasts and Opportunity Analysis.

June 16, 2014, Dublin, Ireland – The industry revenue is forecasted to reach $117.3 billion
by 2018 at a good growth rate over the next five years, says a report entitled Global Retail Chocolate Industry 2013-2018: Trends, Forecasts and Opportunity Analysis.

The global retail chocolate industry is
growing at an impressive rate and is expected to grow further in near
future, says the report. The industry revenue is forecasted to reach $117.3 billion
by 2018 at a good growth rate over the next five years (2013-2018).
Vitamin- and calcium-rich sugar-free chocolates, dark chocolate, organic and natural products
are some of the products expected to escalate the global chocolate
industry towards high growth rates in future.

The report studies the manufacturers of dark chocolate, milk chocolate,
and white chocolate and provides a five-year annual trend analysis that
highlights market size, profit, and cost structure for North America, Europe, Asia Pacific,
and Rest of World. The report also provides a forecast, addressing
market opportunities for the next five years (2013-2018) for each of
these regions.

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The study suggests innovation of new products with new flavours and less
calorie such as sugar-free chocolates increase the demand of chocolates.
The health benefits of chocolates, such as presence of antioxidants in
dark chocolates, vitamins, and minerals in rich milk chocolates act as
the drivers of the industry. Due to increasing health and wellness
concerns, customers are leaning towards diet chocolates and sugar-free
products, which increase the demand of chocolates, and thus contribute
to industry growth.

The milk chocolate segment is expected to emerge as the topmost growth
market during the forecast period (2013-2018) in the global retail
chocolate industry. APAC is expected to emerge as the most potential
regional market during forecast period among all the other regions as
developing organized retail sector, infrastructure, and favorable
regulatory environment in major countries of APAC would raise the market
towards growth.

This research study is designed and intended for use by new
entrants, manufacturers, material suppliers, investors, executives, and
consultants. The data and analysis found in this report can be utilized
for a variety of functional business reasons including business
development, strategic planning, business presentations, determination
of market size and trends, competitive analysis, investment decision,
and joint product development.