About Drinking Chocolate
Drinking chocolate is made in various different ways with the range of chocolate ingredients, it is increasingly popular in the Americas. It is made of chopped bits of chocolate or in the pellet form which melts slowly mixed with milk, sugar, and cream. This is the drinking beverage served in packaged form or offered freshly made in cafes or restaurants on order. In packed form is served under a different brand in the supermarket, convenience stores, and online stores.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Drinking Chocolate is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Drinking Chocolate 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.
The Guittard Chocolate Company (United States), Mondelez International Inc. (United States), Mars, Incorporated (United States), Land O'Lakes, Inc. (United States), Mork Chocolate (Australia), Conagra Brands, Inc. (United States), Starbucks Corporation (United States), Maltra Foods (Australia), Numi Organic Tea (United States) and Luigi Lavazza S.p.A. (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nestle (Switzerland), Swiss Miss (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Drinking Chocolate market by Type (30%-40%, 40%-60% and 60%-90%), Application (Cafes, Restaurants, Household and Others) and Region.
On the basis of geography, the market of Drinking 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 Nature, the sub-segment i.e. GMO-Free will boost the Drinking Chocolate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Supermarket/Hypermarket will boost the Drinking Chocolate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Consumption of Drinking Chocolates Among Teens and Young Adults
Market Growth Drivers:
Increasing Demand for the Chocolate Products and Growing Beverages Industry with eth Innovation in Product Ranges
Challenges:
Stiff Competition in the Drinking Chocolate Market Around the World
Restraints:
Regulatory Guidelines on the Use of Ingredients in Drinking Chocolate
Opportunities:
Rising Online Ordering Facility and Availability of Drinking Chocolate Through Applications
Market Leaders and their expansionary development strategies
In November 2023, Hive Bidco, Inc., acquired Hotel Chocolate Group PLC, a premium chocolate company in the United Kingdom with international expansion goals.
In January 2020, Numi Organic Tea, an award-winning social enterprise, founding B Corporation member, and leading purchaser of organic, Fair Trade Certified teas, today introduced two new products, Sweet Slumber and Drinking Chocolates, in time for the 2020 Winter Fancy Food Show. Along with the new products, Numi revealed its new plant-based packaging as well as a brand refresh featuring a bright, bold, ingredients-focused look.
"The law relating to the labeling of cocoa and chocolate products is governed by the Cocoa and Chocolate Products (England) Regulations 2003. The regulations apply to cocoa and chocolate products intended for human consumption that are sold to consumers and catering establishments. The products that are referred to as ‘reserved descriptions’ are drinking chocolate, sweetened cocoa and sweetened cocoa powder; milk chocolate (including milk chocolate supplemented by vermicelli, flakes, couverture, gianduja, gianduja derivatives and chocolate where the milk is replaced by cream or skimmed milk);fat-reduced drinking chocolate, fat-reduced sweetened cocoa, and fat-reduced sweetened cocoa powder; and other"
Key Target Audience
Drinking Chocolate Manufacturers, Drinking Chocolate International Traders, Drinking Chocolate Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies 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.