Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The expansion of modern retail channels and the robust growth of the e-commerce sector are leading to a surge in the availability of diverse chocolate confectionery products, hence driving the market growth. The growing consumption of chocolate confectionery products as snacks is augmenting the market growth.
With the surging vegan population, the introduction of plant-based chocolates offering healthy indulgence and innovative texture is growing. The rising health-consciousness among the consumers is also prompting leading players of chocolate confectionery to incorporate nuts and fruits to boost the nutritional profile of the products. Innovations in chocolate confectionery to develop healthy and sustainable products are anticipated to fuel the market growth. As premium chocolate confectioneries are increasingly affordable, their demand among the rising middle-class population is anticipated to bolster in the forecast period.
Nestlé S.A (OTCMKTS: NSRGY), one of the leading companies in the market, introduced Incoa in March 2022. The product is a 70% dark chocolate bar that is exclusively made with cocoa fruit and is sold under its Les Recettes de L’Atelier brand. It would be available across various retail stores in the Netherlands and France and would enhance the reach of cocoa-pulp sweetened chocolate to a wider audience. The company leveraged its in-house chocolate expertise to develop a patent technique for the extraction of pulp and production of dark chocolate, capturing the former’s intrinsic texture and sweetness.
Moreover, the cocoa beans for the product were sourced from Nestlé Cocoa Plan farms in West Africa and Brazil. Through the launch, the company also attempts to integrate agricultural side-streams into its value chain, while delivering dark chocolate with great taste.
The major players in the global chocolate confectionery market are Barry Callebaut, Nestlé S.A, Ferrero International, Mondelez Global LLC, and Meiji Holdings Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.