Chocolate and Gourmet Dates Market Grow at 4% CAGR Between 2019 and 2026 | Bateel International L.L.C., Ferrero Group
January 14, 2022
Chocolate and Gourmet Dates Market participants taste the delicacy of growth in the middle of a flourishing confectionary industry
SEATTLE, WA, US, January 14, 2022 /EINPresswire.com/ -- Chocolate and Gourmet Dates Market participants taste the delicacy of growth in the middle of a flourishing confectionary industry , Chocolate contains a lot of antioxidants because cocoa is used as a raw material. Gourmet dates are good for you because they're made with organic ingredients. Gourmet dates can also be stuffed with nuts, fruits, and chocolates.
By 2026, the global chocolate and gourmet dates market is expected to be worth US$ 160.28 billion, with a CAGR of 5.1 percent in terms of revenue over the forecast period (2019-2026).
Hot chocolate and gourmet dates are popular candy items sold exclusively at specialty stores. Many specialty stores sell a limited variety of chocolates that feature one or a combination of milk chocolate, cocoa butter, sugar, milk, vanilla and nuts. For consumers looking for a wider selection of these candy confections, many online stores offer a full assortment of these products. Some specialty stores specialize in specific types of candy including gourmet dates, chocolate truffles, and chocolate almonds. Many specialty stores also sell gourmet and hard-to-find confections that customers are likely to prefer, such as white chocolate truffles and chocolate-covered cherries.
Major companies contributing to the global chocolate and gourmet dates market include Bateel International L.L.C., Ferrero Group, Mondelez International, Nestle S.A., Mars Inc., Sharjah Dates Factory, Flyberry Gourmet, Doyen Foods, Godiva, and AL FOAH.
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Increasing consumption of chocolates and gourmet dates owing to their health benefits coupled with the rising demand for various flavors is expected to foster growth of the chocolate and gourmet dates market throughout the forecast period.
Moreover, improving availability of these products at supermarkets, hypermarkets, vending machines, airports, and others combined with increased consumer purchasing power is expected to boost growth of the chocolate and gourmet dates market during the forecast period.
Summary of the COVID-19 Debacle
The global chocolate and gourmet dates market witnessed a decent growth due to the prevalence of the COVID-19 virus. The virus-triggered health consciousness among consumers, has led to a surge in demand for nutritional confectionery products, thus, bolstering positive prospects for the market’s expansion. Adoption of online grocery services is further cushioning the growth of this market.
• The chocolate and gourmet dates market is anticipated to grow at a CAGR of 5.1 % during the forecast period owing to the increased demand for health-based chocolates and expanding confectionery industry.
. For instance, in November 2020, the India Brand Equity Foundation (IBEF) reported that the Indian confectionery market is projected to reach US$ 150 billion by 2025.
• Considering the territorial landscape, the European region is the hot favorite for the global chocolate and gourmet dates market at the helm of an expanding chocolate industry (especially in Belgium) and a high number of FTAs (Foreign Tourist Arrivals).
• In contrast, the Asia Pacific region is teeming with attraction for the global chocolate and gourmet dates market on account of increasing purchasing power of consumers and rising consumption of chocolates in urban space.
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Global Chocolate and Gourmet Dates Market, By Product Type:
Global Chocolate and Gourmet Dates Market, By Packaging Type:
Global Chocolate and Gourmet Dates Market, By Distribution Channel:
Hypermarket & Supermarkets
𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐬𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐮𝐬𝐢𝐧𝐠 𝐨𝐮𝐫 𝐫𝐞𝐩𝐨𝐫𝐭?
» Technological Advancements
» Report in Depth
» Scenarios from the Past and Present
» Market Development Prospects
» A Wide Selection of Products
» High Industry Concentration
» The Growth Cycle
» Reliable Value Chain Analysis Research Methodology
Finally, there is an industry growth strategy, a data source, research findings, an appendix, and a conclusion in the report. The report examines the manufacturing process, market competitors, seller and merchant classification, innovation implementation, and business growth strategies in order to deconstruct the market. All of these details will assuage customers' concerns about future plans and actions to compete with other market participants. The most recent market gains are also shown.
𝐓𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲 𝐨𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞𝐬 𝐟𝐨𝐫 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭:
✤ SWOT Analysis is used to define, assess, and analyse market competition by focusing on the world's major manufacturers. The market is defined, described, and forecasted by type, application, and region.
✤ Examine the potential and advantages of global and major regional markets, as well as the opportunities and challenges, as well as the constraints and risks.
✤ Determine whether market growth is being aided or hampered by trends and factors.
✤ Stakeholders will be able to assess market potential by identifying high-growth categories.
✤ Conduct a strategic analysis of each submarket's growth trends and contribution to the market.
✤ Competitive developments in the market include expansions, agreements, new product launches, and acquisitions.
✤ To develop a strategic profile of the major players and to thoroughly examine their growth strategies.
𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐀𝐝𝐝𝐫𝐞𝐬𝐬𝐞𝐝:
✔ In the next seven years, what innovative technology trends should we expect?
✔ Which sub-segment do you believe will experience the greatest growth in the coming years?
✔ By 2028, which region is predicted to have the largest market share?
✔ What organic and inorganic strategies are companies employing in order to gain market share?
Key Reasons to Purchase the Chocolate and Gourmet Dates Market Report :
➸The report is chock-full of data, including market trends and projections.
➸ The report's segments and sub-segments include quantitative, qualitative, value (USD Million), and volume (Units Million) data.
➸ At the regional, sub-regional, and country levels, data on demand and supply forces, as well as their effects on the market, can be found.
➸ The competitive landscape has changed dramatically in the last three years as a result of new developments, strategies, and market share gains by key players.
➸ Companies that offer a diverse range of services, including financial data, news, SWOT analyses, and strategies.
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