Market Snapshot:
Hot chocolate or hot cocoa is a heated drink that contains melted chocolate or cocoa powder. It is highly utilized in beverages and bakery products. Hot chocolate offers various health benefits like improving heart health, boosting brainpower, and many more. It is rich in antioxidants and contains less to no sugar that lowers the risk of diabetes and supports weight loss or weight management.
Highlights from Hot Chocolate for B2B - Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.9% |
The key Vendors profiled in the report are Christopher Cocoa (), Nestle (Switzerland), Mondelez International (United States), The Hershey Company (United States), Kraft Heinz Company (United States), ULF (India), Conagra Brands (United States), Auric (India), Country Bean (India), Tiggle (India), Mellow Chocolate (Denmark), Bevzilla (India), Mars (United Kingdom), Marks & Spencer (United Kingdom) and Evolved Chocolate (United States).
Geographic Breakdown and Segment Analysis
The Global Hot Chocolate for B2B - market presents a comprehensive analysis of the Hot Chocolate for B2B - market by product type (Milk Hot Chocolate, Dark Hot Chocolate, White Hot Chocolate and Salted Caramel Hot Chocolate), by end-user/application (Bakery Products, Beverages, Ice creams and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Hot Chocolate for B2B - industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Hot Chocolate for B2B - market
Analyst at AMA have segmented the market study of Global Hot Chocolate for B2B - market by Type, Application and Region.
Influencing Trend:
Growing Popularity of Dairy-Free or Vegan and Sugar-Free Hot Chocolates
Market Growth Drivers:
Surging Demand for Hot Chocolates in Bakery Products like Cakes, Pastries, and Other Items as a Spread and The Inclination towards the Dark Hot Chocolates Due to Growing Health-Conscious Population
Challenges:
Availability of Major Global Players in the Market May Create Challenges for the New Entrance and Small Industries
Restraints:
High Sugar Contents and Extra Calories May Cause Weight Gain and Other Health Problems
Opportunities:
Increasing Use of Hot Chocolate in the Beverages and Confectionaries like Marshmallows
Market Developments Activities:
In 2020, Swiss Miss, a hot cocoa brand of Conagra Brands partnered with Lucky Charms on Magically Delicious hot cocoa. The new Swiss Miss with Lucky Charms is made with nonfat milk and premium cocoa by including Lucky Charms marshmallows. The partnership provides a unique opportunity for both the companies to meet their customers demand for a magical combination of hot cocoa topped with Lucky Charms marshmallows.
In January 2020, Cadbury has launched a brand activation called ‘Make It Yours’, delivered by VCCP, and offered consumers the chance to customise their own hot chocolate creation for free. It took place in the pop-up home of a fictional family, the Coopers, and aims to show how fun and convenient it is for consumers to customise their hot chocolates in the comfort of their own home.
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.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Hot Chocolate for B2B Manufacturers, Suppliers and Distributors of Hot Chocolate for B2B, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others