The study of China’s Chocolate Marketplace 2017 enables universal key and China’s chocolate market globally. The capacity of this sector has been investigated with the emerging trends. The future prospects of current market scenario and sector have also been read. This report includes profiles of key players, including Nessale SA, Marcus Foods, Ferrero Rocher, Heissey Company, Mondelez International Inc. and Jiangsu Longfen Food Group. The report includes the latest opinion of industry experts.
Global demand for chocolate is now being said to restore maintenance and key suppliers such as Berry Calabot, now in the major markets around the world. Hopefully, by 2020, the United States may be the largest consumers of chocolate after the United States. The economic situation of Brazil and Russia has failed to prevent chocolate market growth among the BRAC countries, while India and China countries have the highest chocolate market growth during the 2015-2020 period.
It is expected that the global chocolate market will grow at around 5% of CAGR by 2020. With the innovation of product packaging, new flavors will be trendy in the future. Custom and luxury chocolate classes have the potential to develop in the world. People have an increasing population for craft chocolate and start very early in the chocolate making art. The popularity of premium chocolates has increased in the US and Brazil. While global obesity and health concerns are a challenge to the development of the sector, awareness is also increasing on the benefits of black chocolate. Players have also introduced low sugar and sugar cream chocolate.
One of the challenges facing the market is that Chinese customers do not trust homes due to food safety issues. They have foreign chocolate brands, Chinese chocolates are controlled by European brands near 70%. Apart from food security concerns, the poor performance of local chocolate brands can mainly be attributed to poor marketing efforts.
But now the young generation of youth is emerging very well. In the 1.3 billion people’s land, it has a global impact on the globe because chocolate manufacturers try to get a piece of the action.
It’s not just a chocolate that is water. The potential return on the offer is also very tasty.
According to market research firm Aberone, the market for chocolate in China will reach $ 40 billion (US $ 6.2 billion) by 2020.
Predictively predicting Chinese translates into cholesterol consumption in Mainland almost twice. Chocolate sales in the world’s most populous country were valued at $ 20 billion in 2015.