Industry Background:
Dark chocolate is the type of chocolate with a high amount of cocoa butter as well as cocoa solids than milk chocolate. Dark Chocolate Does not contain sugar. Dark chocolate is available in various types such as semi-sweet chocolate, bitter chocolate, and pure bitter chocolate. Dark chocolate can recover health and lower the hazard of heart disease among other benefits like steadying blood sugar, controlling appetite, helping to reduce cravings and weight. Rising Demand of premium, as well as organic ingredients, will help to boost the global dark chocolate market. The most demanding change in consumer and preferences is an increase in the popularity of dark chocolate. Perceived health benefits have fueled a 93% growth in launches and dark chocolate now accounts for 20% of the United States market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Ferrero (Italy), Crown (United States), Blommer (United States), Ezaki Glico (Japan), Nestle (Switzerland), Mondelez (United States), Hershey's (United States), Brookside (United States), Amul (India) and FREY (Switzerland) |
According to AMA, the market for Dark Chocolate is expected to register a CAGR of 8.2% during the forecast period to 2028. This growth is primarily driven by Rising Demand Due To Premium and Organic Ingredients and Growing Health Benefits Associated With Cocoa-Rich Dark Chocolates.
Globally, a noticeable market trend is evident Attractive Flavors and Packaging
The Food Products sector in the North America 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 Ferrero (Italy), Crown (United States), Blommer (United States), Ezaki Glico (Japan), Nestle (Switzerland), Mondelez (United States), Hershey's (United States), Brookside (United States), Amul (India) and FREY (Switzerland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 24th April 2019, in America, the rumors are true: a new KIT KAT flavor will be coming to the U.S. Introducing new KIT KAT Duos Mint + Dark Chocolate, the first year-round KIT KAT flavor in almost a decade. The new KIT KAT Duos Mint + Dark Chocolate will feature a mashup of two iconic flavors. A mint crème on the top and dark chocolate on the bottom, all surrounding light, and crispy wafers.
Influencing Trend:
Attractive Flavors and Packaging and Increasing Demand for Specialty Chocolate
Market Growth Drivers:
Rising Demand Due To Premium and Organic Ingredients and Growing Health Benefits Associated With Cocoa-Rich Dark Chocolates
Challenges:
The Stringent Government Regulation Associated with Dark Chocolate
Restraints:
The Concern Related to High Price of Row Material and High Cost Of Chocolates Compared to Other Chocolates
Opportunities:
Upsurging Demand in New Food Product and Expanding Various Applications of Dark Chocolate
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 mostly 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 growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
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 in Dark Chocolate Market
- Analysis about New Entrants in Dark Chocolate Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Dark Chocolate Study Sheds Light on
The Dark Chocolate Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Dark Chocolate industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Dark Chocolate 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.