Global Seasonal Chocolates Market to grow at a CAGR of 5.37% during the period 2017 - 2021; Finds New Report

Report forecast the global seasonal chocolates market to grow at a CAGR of 5.37% during the period 2017-2021.

As chocolate is a universally popular product, the global chocolate market has a wide scope of applications. Manufacturers of industrial chocolates, therefore, are increasingly offering chocolate products and formulations that come in a variety of functionalities, flavors, and even price points. The popularity of chocolates with customized texture, structure, and sensory attributes is also increasing across the globe. Such factors are paving the way for players operating in the foodservice and manufacturing industries to integrate chocolate into their products. Chocolate is increasingly becoming a product line extension across various food and beverage industries. For instance, chocolate inclusions and coatings are now a part of nutrition bars, cereals, and peanut butter.

The report covers the present scenario and the growth prospects of the global seasonal chocolates market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of seasonal chocolates.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, with the increasing awareness of the negative impacts of synthetic products on health as well as the environment, most informed consumers have now started looking for organic products. This scenario can be seen across the board and applies to the industrial chocolate sector as well. Organic foods are perceived as healthy and are gaining traction in the market as consumers are becoming increasingly concerned about the origin and quality of the ingredients that are used in the preparation of food products. In 2014, the US and Germany accounted for 43% and 13%, respectively, of the retail sales share of organic food products globally. In line with these changes in end-consumers' preferences, players like Mama Ganache Artisan Chocolate and Lake Champlain Chocolates are coming up with more varieties of organic seasonal chocolates to attract health-conscious consumers.

Further, the report states that premium chocolates that could be sold at any season are prominent substitutes for seasonal chocolates. Key players like Lindt & Sprüngli, Ferrero, and GODIVA that manufacture seasonal chocolates are selling premium chocolates as well. These brands have been recognized over the years for the large variety and flavors in chocolates. Thus, consumers who are not particular about the festive or special holiday packaging opt for these premium chocolates. Many consumers are more inclined toward the brand and quality of the chocolate rather than the label dedicated to a festival or day as their premium brand perception is influenced by price, ingredients, packaging, provenance, point of purchase, and brand experience. Brands like Lindt & Sprüngli are selling premium chocolates at various price ranges and some of these premium chocolates are sold at high price in comparison to seasonal chocolates. For instance, Lindt & Sprüngli Swiss Premium Chocolate is sold at $13.60 while its Valentine's Day chocolate like Lindt & Sprüngli HELLO Just For You Heart Tin is sold at $3.65. However, as consumers are moving toward premiumization and are willing to pay extra specially during special occasions, premium chocolates are posing a moderate challenge to the seasonal chocolates sale. It is expected that the global premium chocolates market is going to grow at a rate of 8% in the coming years.

Global Seasonal Chocolates Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global seasonal chocolates market: Lindt & Sprüngli, Ferrero, Mars, Mondelēz International, GODIVA, and Hershey's

Other Prominent Vendors in the market are: Anna Banana's Homemade Goodness, Blue Frog Chocolates, Confections For Any Occasion, Gayle's Chocolates, Gilbert Chocolates, Haigh's Chocolates, Lake Champlain Chocolates, Nestlé, Purdys Chocolatier, and Phillips Chocolate

Market driver

• Festive holidays: A key driver for boosting sales of seasonal chocolate
• For a full, detailed list, view our report

Market challenge

• Blurring seasonal lines by making products that can be used for more than one holiday
• For a full, detailed list, view our report

Market trend

• Players introducing more limited edition seasonal chocolates
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 36 Exhibits “Global Seasonal Chocolates Market 2017 - 2021” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Segmentation by chocolate type, Segmentation by filling, Segmentation by distribution channel, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Other prominent vendors, Key vendor analysis, Appendix.

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