Europe Drinking Chocolate Market – Industry Trends and Forecast to 2029
" The leading Europe Drinking Chocolate Market report is generated with the best and advanced tools of collecting, recording, estimating and analysing market data. With the systematic and comprehensive market research study, this market research report provides the facts associated with any subject in the field of marketing for Europe Drinking Chocolate Market industry. It gives better ideas and solutions in terms of product trends, marketing strategy, future products, new geographical markets, future events, sales strategies, customer actions or behaviours. The winning Europe Drinking Chocolate Market report has been created by considering several fragments of the present and upcoming market scenario.
In depth and comprehensive market study performed in the top notch Europe Drinking Chocolate Market survey report offers the current and forthcoming opportunities to shed light on the future market investment. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. Various parameters covered in this report helps businesses for better decision making. Europe Drinking Chocolate Marketreport contains different industry verticals for Europe Drinking Chocolate Market industry such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company.
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Market Analysis and Size
The constant desire to create, unveil, and commercialize new delicacies underpins the drinking chocolate market's growth prospects. Taste and exquisiteness are two key factors driving product development in the drinking chocolate market.
Data Bridge Market Research analyses that the drinking chocolate market was valued at USD 11762.05 million in 2021 is expected to reach the value of USD 16221.42 million by 2029, at a CAGR of 4.1% during the forecast period of 2022 to 2029.
Market Definition
Hot chocolate is another name for drinking chocolate. In some parts of the world, drinking chocolate is known as chocolate tea. As a beverage, drinking chocolate is made from small pieces of chocolate that are slowly melted and blended with milk and water. It's made with melted chocolate, heated chocolate, chocolate powder, or cocoa powder. To make drinking chocolate, the powdered forms are dissolved in water or milk. The cocoa content of drinking chocolates determines whether they are sweetened or unsweetened. A variety of drinking chocolates are made from milk chocolate or white chocolate.
Report Scope and Market Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2019 - 2014) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | Type (Dark, Milk, White), Cocoa Content (60-90%, 40-60%, 30-40%, Others), Application (Chocolate Drinks, Protein Shakes, Energy Drinks, Coffee Mixes), Flavor (Vanilla, Caramel, Honey, Hazelnut), Form (Powder, Liquid), Target Consumers (Adult, Kids), End-User (Food Service Providers, Household/Domestic, Corporates, Airlines) |
Countries Covered | Germany, U.K., France, Italy, Switzerland, The Netherlands, Spain, Belgium, Turkey, Russia, Sweden, Denmark, Poland, Luxemburg, Rest of Europe |
Market Players Covered | Barry Callebaut (Switzerland), The Hershey Company (U.S.), Nestle SA (Switzerland), Ingredion (U.S.), Mars, Incorporated (U.S.), DSM (Netherlands)Kerry Group plc (Ireland), Tate & Lyle (U.K.), Godiva (US), LUIGI LAVAZZA SPA, (Italy), Starbucks Coffee Company (US), PepsiCo (US), Mondelez International (US), The Simply Good Foods Company (US) |
Opportunities |
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Drinking Chocolate Market Dynamics
Drivers
Rising online retails as well as expansion in supply chains
One of the key trends driving the evolution of the drinking chocolate market is advancements in online retail. Convenience stores, specialty stores, supermarkets, drug stores, and hypermarkets are all large product distribution channels. Continuous efforts by retailers and manufacturers to expand their supply and distribution chain have played an essential role in increasing access to products in the drinking chocolate market.
Diversification of products according to the needs
The constant desire to try new ethnic flavors and tastes is a major driving force in the drinking chocolate market. Over the years, the chocolate industry has shifted its focus to producing healthier products. The growing health-conscious population is driving this trend, particularly in emerging economies. The evolution of the drinking chocolate market has been fueled by advances in organized retail in developing regions.
Opportunity
The ease of payment for products through online channels and the wide range of chocolate flavours and textures are essential factors driving the popularity of e-commerce in the drinking chocolate market. Furthermore, drinking chocolate is increasingly being used in the formulation of a wide variety of beverages and confectionery products, such as cakes, drinking shakes, croissants, and hot chocolate, contributing to the Europe drinking chocolate market's growth.
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Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) https://www.databridgemarketresearch.com/toc/?dbmr=europe-drinking-chocolate-market
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