About Wine Chocolate
The wine chocolate is made of by melting the chocolate mass, where the liquor is either separated into cocoa solids and cocoa butter chocolate or cooled and molded into blocks of raw chocolate. The global wine chocolate market is expected to rise during the forecasted year due to the increasing disposable income, changing standard of living and growing consumption of liquor across the developing regions. However, the adherence to regulatory standards and high cost associated with wine chocolate might be the hindrance.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. 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.
Toms International (Denmark), Lindt & Sprungli AG (Switzerland), Ferrero SpA (Italy), Duc d'O (Belgium), Cargill (United States), FONA International Inc. (United States), Amedei Tuscany (Italy), Neuhaus (Belgium), The Halloren Chocolate Factory (Germany) and Ambriona Chocolates (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Wine Chocolate market by Type (Fermented Alcoholic Drink Chocolate, Distilled Drink Chocolate and Liqueur Chocolate), Application (Cake, Ice-cream, Sauce and Others) and Region.
On the basis of geography, the market of Wine Chocolate 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 Sales Channel, the sub-segment i.e. Online Retail will boost the Wine Chocolate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Consumption of Wine Chocolate by Women and Rising Use of Wine Chocolate as Baking Ingredients
Market Growth Drivers:
Changing Standards of Living of People Across the World and Demand for Liquor and Alcohol
Challenges:
Adherence to Regulatory Standards on Wine Chocolate and High Cost Associated with Wine Chocolate
Restraints:
Taste of the Wine Chocolate Might be the Hindrance
Opportunities:
Surging Demand from Developing Countries and Growing Disposable Income of People will Boost the Wine Chocolate Market
Market Leaders and their expansionary development strategies
On 1st April 2019, Cargill's cocoa acquires Smet boosting gourmet chocolate offering activities. This acquisition will emphasize both its company's and customers' commitment to building the strengths of the organization and other capabilities. They will broaden our product portfolio and services to artisans and chocolatiers, bakery, hospitality businesses, and food service industries. Smet enjoys great market recognition. As their brand joins Cargill’s existing brand portfolio, their unique entrepreneurial capabilities will be leveraged to allow for a dedicated focus on gourmet customers. Together they intend to further strengthen customer relationships and look forward to continuing to serve customers’ chocolate needs, today and in the future.
The FDA's Code of Federal Regulations (CFR) in 6 different categories – chocolate liquor, cocoa powder, breakfast or high-fat cocoa, milk chocolate, sweet chocolate (semi-sweet or bittersweet), and white chocolate. Each type has a different “Standard of Identity” that must be met to legally be called chocolate. Chocolate can only contain cocoa butter and butter oil as fat sources and may only obtain chocolate flavor from the chocolate liquor.
Key Target Audience
Wine Chocolate Manufacturers, Wine Chocolate International Traders, Wine Chocolate Distributors and Suppliers, Research and Development, Potential Investors, Upstream and Downstream Buyers 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.