About Retail Chocolate
Retail Chocolate is the process or procedure, by which chocolates are sold to the consumers. These are the specialty stores in which chocolates are distributed among the consumers through multiple channels in order to earn more profit. These retail shops help in meeting every demand of the consumers through different vendors. Increasing numerous of the public that purchase chocolate from retail stores is flourishing the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is highly competitive with the active presence of dominant players. Factors such as increasing consumer demand for soft and premium chocolate products. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand. Analyst at AMA Research estimates that Europe Vendors will contribute the maximum growth to Global Retail 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.
Mondelez International, Inc. (United States), Nestlé S.A.(Switzerland), The Hershey Company (United States), Ferrero Group (Belgium), Lindt & Sprüngli AG(Switzerland), Meiji Holdings Co., Ltd. (Japan), Barry Callebaut AG(Switzerland), Ferrara Candy Company (United States), Godiva Chocolatier, Inc (United States), Lotte Confectionery Co., Ltd. (South Korea), August Storck KG(Germany), Yıldız Holding (Ülker)(Turkey), Chocolaterie Guylian N.V. (United Kingdom), Ritter Sport (Germany), Galler Chocolatiers (Belgium), Chocolate Frey AG(Switzerland), Cemoi (France), Theobroma Chocolate(United States), Pladis Global (United Kingdom), Crown Confectionery Co., Ltd. (South Korea), Morinaga & Co., Ltd. (Japan) and Storck KG(Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Perfetti Van Melle (Netherlands), Amul (GCMMF)(India), Orion Corp. (Finland), Delaviuda Confectionery Group (Spain) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Retail Chocolate market by Type (Dark Chocolate, Milk Chocolate and White Chocolate) and Region.
On the basis of geography, the market of Retail 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 Product Form, the sub-segment i.e. Bars will boost the Retail Chocolate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Price Range, the sub-segment i.e. Economic will boost the Retail Chocolate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Consumer Preferences, the sub-segment i.e. Vegan will boost the Retail Chocolate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Children will boost the Retail Chocolate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising trend of Chocolates as a Part of Desserts and Increasing Demand for Organic, Vegan, Sugar-Free and Gluten-Free Premium Chocolates
Market Growth Drivers:
Rising Demand for Chocolate as a Part of Treat across the Globe and Huge Demand for Chocolate on Seasonal and Festival Occasions
Challenges:
Issue Related Towards the Price Through Retailers
Restraints:
The High Cost of Raw Material and Availability of Different Stores
Opportunities:
Increasing Disposable Income In Emerging Economies Such as India, China, Brazil and other and Rising Usages of Chocolates in Different Applications such as Facial Cream, Pharmaceuticals, and Beverage
Market Leaders and their expansionary development strategies
In April 2023, The Hershey company acquire the two manufacturing plants from Weaver Popcorn Manufacturing. This acquisition presents to sustain growth for its Skinny Pop brand by strengthening its internal supply chain capabilities and its network of strategic suppliers and co-manufacturers.
In march 2023 Hershey’s company announced Hershey's KISSES candy lovers, Hershey has big NE Creamier and smoother than any Hershey's KISSES candy ever before, Hershey's KISSES Milklicious chocolates feature a unique chocolate milk filling that unlocks the best memories of enjoying a rich glass of chocolate milk.
Key Target Audience
Premium Chocolate Manufacturers, Distributors and Suppliers, Retail Store, Raw Material Suppliers 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.