Cocoa and Chocolate Market Research, Industry Outlook, Size, Growth Factors, And Forecast 2028

By: axiom market research & consulting
 
PUNE, India - Jan. 24, 2023 - PRLog -- MARKET OVERVIEW- GLOBAL COCOA AND CHOCOLATE MARKET

Cocoa is a genuine form of chocolate. Chocolate is made with cocoa beans and has undergone the same manufacturing process as cocoa. However, cocoa butter is not removed from the chocolate. Cocoa butter contributes to the softer and richer texture of the chocolate. The increase in sales of chocolate candy to be consumed as comfort food is responsible for creating a regular grocery store in families. Chocolate is a traditional gift on special occasions and at festivals all over the world. The seasonal and festive sales of chocolate products have a strong impact on the market, because a large part of the chocolate products is consumed in this segment. The cocoa and chocolate market, which increases according to the growing demand for cocoa health benefits in chocolate products is one of the most important engines for the chocolate market. In addition, chocolates are consumed as superior and comforting foods, which is an increasing trend among consumers and is further anticipated to provide ample new growth opportunities for the market over the upcoming years.

MARKET GROWTH CHALLENGES

A major challenge to the industry is the evolution of chocolate consumer preferences. Chocolates have been consumed as a confectionery, but now there is a growing demand for healthy chocolate option with a dark chocolate trend, a rich source of polyphenols. According to a survey recently carried out by Barry Callut, 36% of Europeans want chocolates with health benefits, while 38% want chocolates with reduced sugar content. Consumers are even ready to pay up to 10% more for chocolate with health benefits. These consumer trends have forced companies such as Hero Nutritional and Barry Callebaut to start making chocolates with health benefits. Companies need to ensure that their new product launches cater to consumer tastes and preferences.

To know the scope of our report get a sample on https://www.axiommrc.com/request-for-sample/11521-cocoa-a... (https://www.axiommrc.com/request-for-sample/11521-cocoa-a...)
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