About Chocolate Bar
Chocolate Bar is a confection containing chocolate, which may also contain layerings or mixtures that include nuts, fruit, caramel, nougat, and wafers. Increasing Trend for Chocolate Bar with Bold Flavors, Unique Textures. Increase in Global Chocolate Bar Production Due to Increasing Number of Chocolate Lovers. North America is predicted to possess a considerable share of the chocolate industry in the forecast period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The key manufacturers are targeting the innovations of the products with better quality, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Chocolate Bar market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nestle (Switzerland), Mars (United States), Hershey (United States), Cadbury (United Kingdom), Ulker (Turkey), Anand Milk Union Limited (India), Masterfoods (Australia), Boyer (United States), Necco (United States), Fazer (Finland), Freia (Norway), Ferrara (United States) and Lotte (South Korea) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Chocolate Bar market by Type (Bark Chocolate Bar, White Chocolate Bar and Others) and Region.
On the basis of geography, the market of Chocolate Bar has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Chocolate Bar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Supermarkets/ Hypermarkets will boost the Chocolate Bar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavor, the sub-segment i.e. Apple & Cranberry will boost the Chocolate Bar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Trend for Chocolate Bar with Bold Flavors, Unique Textures, Launching of Budget-Friendly by Chocolate Bar Key Manufacturers and Introducing to New variety of flavour Chocolate Bar is attracting a new generation
Market Growth Drivers:
Growing Consumption of Chocolate Bar by Youngsters is Driving the Growth, Rise in Consumption of Dark Chocolate Bars in Consumers and Increase in Global Chocolate Bar Production Due to Increasing Number of Chocolate Lovers
Challenges:
Challenges Regarding Creativity and Innovation in the Chocolate Bar Industry
Restraints:
Flection in Supply Chain of Raw Materials in Chocolate can Hamper the Growth
Opportunities:
Demand for Fine Flavor Cocoa in Regions like Europe and North America and Opportunities and Rising Popularity of Dark Chocolate Bar as Health Benefits Associated with Dark Chocolates
On 16th Jan 2020, Hershey India Private Ltd, the Indian subsidiary of the American confectionery maker, known for its syrups and spreads, announced the launch of chocolate bars under its flagship Hershey’s brand. With this, the company has also rolled out Hershey’s Kisses nationally.
Key Target Audience
Chocolate Bar Manufacturers, Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.