Industry Background:
Expansion of instant foods market across the US, the increasing disposable income of an individual, and marketing strategies adopted by the leading brands are some of the key drivers flourishing the growth of the market. Moreover, a change in consumer preferences is the major trend witnessing within the US market. Increasing online sales platforms are expected to open new avenues for the market during the forecast period.
According to AMA Research, the market for Instant Chocolate Pie is expected to register a CAGR of 4.5% during the forecast period to 2030. This growth is primarily driven by Expansion of Instant Foods Market across the US
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as The Kraft Heinz Company (United States), Orion Corporation (Finland), Fujian Dali Group (China), Nissin Food Group (Japan), LOTTE (South Korea), Panpanfood (China) and Sanhuifoods (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In December 2021, Orion, a South Korean food company, introduced the Orion Strawberry Choco Pie and The Ultimate Choco Chip cookie. These products mark Orion's entry into India's packaged cookies and premium biscuit segment.
On February 13, 2024, Lotte India Corporation Ltd. launched Lotte Choco Pie Choco Burst, aiming to strengthen its presence in the Choco Pie category.The market is highly competitive due to the presence of several prominent vendors. These players are adopting some organic and inorganic strategies such as a merger, acquisition, partnership, product launches, among others in order to gain leading share within the US market. Moreover, some of these players are focusing on R&D activities in order to deliver delicious flavors of instant chocolate pie to the market.
Influencing Trend:
Change in Consumer Eating Preferences
Market Growth Drivers:
Expansion of Instant Foods Market across the US, The Increasing Disposable Income of an Individual and Marketing Strategies Adopted by the Leading Brands
Challenges:
Fluctuations in Raw Material Prices
Restraints:
High Cost
Opportunities:
Increasing Online Sales Channels are expected to Open Lucrative Opportunities for the Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Instant Chocolate Pie Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Instant Chocolate Pie Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Instant Chocolate Pie players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Instant Chocolate Pie Study Sheds Light on
The Instant Chocolate Pie Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Instant Chocolate Pie industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Instant Chocolate Pie industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.