Further, the report presents in-depth information on leading growth drivers, restraints, challenges, trends, and opportunities. The Washington Post reported earlier this year that the world's biggest chocolate companies have consistently missed several deadlines to remove child labor from their cocoa supply chains. That revenue of $21.1 billion in 2014 was a 2.9% increase over 2013. You will have a conclusive study about the improvement plot of the market for approaching years. It's followed closely behind by Germany (17.8 pounds per capita), Ireland (17.4 pounds per capita), the United Kingdom (16.8 pounds per capita), and Sweden (14.6 pounds per capita). Child labor on cocoa farms is an ongoing issue that's a product of high demand and the low global price for cocoa. NOTE: Our report highlights the major issues and hazards that companies might come across due to the unprecedented outbreak of COVID-19. Privacy Notice and Global chocolate market is highly competitive, with the presence of numerous leading players accounting for the major share. Cookie Notice. And although it's never really a bad time to talk about chocolate, it's especially relevant now: November 29 is National Chocolate Day, after all. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. MarketQuest.biz has worldwide presence to facilitate real market intelligence using latest methodology, best-in-class research techniques and cost-effective measures for world’s leading research professionals and agencies. Introduction 6.2.1. Subscribe to our daily newsletter to get more of it. The study will provide detailed qualitative and quantitative information on the above-mentioned segments for every region and country covered under the scope of the study. A leading-edge research firm focused on digital transformation. This document is a complete package of thorough analysis and research on the global Chocolate Production Lines & Solution market. Market Trends 6.2. The report describes the competitive landscape of the market, market dividends, and an explanation of the companies operating in the global market. You will receive a detailed study of business techniques for the development of the market-driving players. The global chocolate market attained a value of USD 106.6 billion in 2019 driven by the changing lifestyles of the consumers. The global chocolate market size was valued at USD 130.56 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2020 to 2027. Global Chocolate Market Analysis and Forecast by Application 6.1. The MarketWatch News Department was not involved in the creation of this content. The report delivers a deep analysis of historical and future market scenarios to get an understanding of market competition. While Americans consume an impressive amount of chocolate (especially on holidays like Halloween, Easter, and Valentine's Day), the world's leading consumers of the sweet treat are in Europe, with Switzerland heading up the list at 19.4 pounds per capita. Europe is the second-largest market for chocolates. My brother threatened to sue me for harassment and ‘ruin me.’, 30 dividend stocks selected for value as the U.S. economy gathers steam, Here's how the pandemic is impacting the future of work, Man who called Dow 20,000 says 3 factors will make 2021 ‘a very good year’ for stocks. As there are 16 ounces in a pound, that means about 10 Hershey's bars equal one pound of chocolate, with about 40 cocoa beans going into each bar. Absolute $ Opportunity Assessment by Application 6.5. Farmers bear the physical burden of the cacao harvest and uncertainties inherent in cultivating cacao, but only receive about 6% of each chocolate bar's sale price while manufacturers and retailers keep 80%. Y-o-Y Growth Projections by Application 6.3. Chocolate is the world’s favorite confectionery. Demand for chocolate is more during seasonal and festive occasions. Subscriber You can also contact MarketWatch Customer Service via our Customer Center. While it might seem like we’ve reached peak consumption for a product that’s been enjoyed for at least three millennia, there’s projections for further growth on the horizon thanks to developing markets. According to the National Confectioners Association, it takes approximately 400 cocoa beans to make one pound of chocolate. Then the research covers segment data, including type segment, industry segment, channel segment along with market sizes, both volume, and value. Global chocolate market expected to reach approximately USD 161.56 billion in revenue by 2024, growing at a CAGR of around 7.0% between 2018 and 2024. By using this site you agree to the Copyright © 2020 MarketWatch, Inc. All rights reserved. The Ivory Coast has lost an estimated 80% of its forests over the last 50 years. MarketQuest.biz is a leading global Market Research agency providing expert research solutions, trusted by the best. Like what you see here? Global Chocolate Production Lines & Solution Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025, https://www.marketquest.biz/sample-request/29453, https://www.marketquest.biz/report/29453/global-chocolate-production-lines-solution-market-2020-by-manufacturers-regions-type-and-application-forecast-to-2025, Remember, COVID-19 spread when 5 million people left Wuhan for Chinese New Year — yet an estimated 50 million Americans traveled for Thanksgiving, My mother left a home in Savannah, Ga., on 5 acres. On average, each cacao tree produces enough fruit each year to make 1 to 3 pounds of chocolate. The industry is projected to reach USD 147 billion by 2025. Global Chocolate industry size outlook, 2020-2026 Market trends, drivers, restraints, and opportunities Porter's Five forces analysis Types of Chocolate, 2020-2026 Chocolate … Top key companies Included in Chocolate Production Lines & Solution market: Netzsch, iSweetech, Vekamaf Industry, Shanghai Yixun, PACKINT, ProBake, Man Machine, Tecno 3 S.r.l., Aasted, JAF Inox, Royal Duyvis Wiener B.V, NIP INOX, Knobel Maschinenbau AG, Market segmentation by product: 100-300kg/h, 300-600kg/h, 600-1000kg/h, Above 1000kg/h, Market segmentation by application: , Chocolate Moulding, Chocolate Coins Processing, Chocolate Beans/Lentil Moulding, Chocolate Forming Line For Extruding Chocolate Sticks, Chocolate Biscuit Sticks Semi-Coating, Chocolate Drops Depositing, Others, Based on regions, the market is classified into: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). I want to sell. In 2016 alone, the chocolate industry posted posted global retail sales of $98 billion. For press release enquires please mail us at [email protected]. This content has been distributed via CDN Newswire press release distribution service. Bars 6.3.2. Chocolate is a healthy food with high nutritional value and stress relieving ability. Additionally, companies in the report are studied based on key factors such as company size, market share, market growth, revenue, production volume, and profits.
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