What is Gourmet Chocolate?
Gourmet chocolates are rich chocolates of the highest quality, made using best beans and using the best methods to deliver rich aroma, smooth texture, and an even, velvety taste. Gourmet chocolates have a higher percentage of cocoa, a shiny appearance, and are more expensive than regular chocolates. Gourmet chocolatiers also use the best quality beans, preparation methods, and artistry like designing and packaging. Additionally, they are available in countless flavors, forms, and shapes. In short, they are the best ways imaginable to experience the world of chocolate!
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Ferrero SpA (Italy), Cargill (United States), Venchi (Italy), Godiva Chocolatier (Belgium), Scharffen Berger (United States), Michel Cluizel (France), Varlrhona (France), Amedei (Italy), Dolfin (Belgium), Domori (Italy), Callebaut (Belgium), Chocolates El Rey (Venezuela) and Chocovic (Spain) |
CAGR | 9.26% |
The study covers a detailed analysis segmented by key business segments i.e. by type (Gourmet Handmade Chocolates, Belgian Chocolates, Specialty Chocolates and Gourmet Dark Chocolate) , by application (Supermarkets and Hypermarkets, Independent Retailers, Convenience Stores, Specialist Retailers and Online Retailers) and major geographies. Research Analyst at AMA predicts that Belgium and Italian Vendors will contribute to the maximum growth of Global Gourmet Chocolate market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Gourmet Chocolate market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Ferrero SpA (Italy), Cargill (United States), Venchi (Italy), Godiva Chocolatier (Belgium), Scharffen Berger (United States), Michel Cluizel (France), Varlrhona (France), Amedei (Italy), Dolfin (Belgium), Domori (Italy), Callebaut (Belgium), Chocolates El Rey (Venezuela) and Chocovic (Spain).
Market Overview:
In October 2023, Valrhona collaborates with renowned pastry chef Dominique Crenn to develop a line of single-origin chocolate desserts, showcasing the versatility of high-quality chocolate in fine dining.
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.
Influencing Trend:
Gourmet Chocolate Baskets for Corporate Gifts
Market Growth Drivers:
The Upsurging Demand for the High Quality Chocolates among the Customers, The Increasing Online Retail Channels and The Rising Various Festive Seasons and Gift Culture
Challenges:
Fluctuations in Raw Material Prices
Restraints:
An Availability of Cheaper Substitute Chocolates
Opportunities:
The Growing Customer Base across the Developing Economies
Key highlights of the Global Gourmet Chocolate market Study:
CAGR of the market during the forecast period 2023-2030
In-depth information on growth factors that will accelerate the Gourmet Chocolate market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Gourmet Chocolate market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Gourmet Chocolate Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Gourmet Chocolate market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Gourmet Chocolate market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Gourmet Chocolate Manufacturers, Gourmet Chocolate Raw Material Suppliers, Gourmet Chocolate Traders/Distributors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.