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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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The drinking chocolate market is segmented on the basis of type, cocoa content, application, flavor, form, target consumers, packaging type, packaging material, end-user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Dark chocolate
- Milk chocolate
- White
Cocoa content
- 60-90%
- 40-60%
- 30-40%
- Others
Distribution channel
- Hypermarkets/supermarkets
- Specialty store
- Convenience stores
- Online store
- Other
Application
- Chocolate Drinks
- Protein Shakes
- Energy Drinks
- Coffee Mixes
- Others
Flavour
- Vanilla
- Caramel
- Honey
- Hazelnut
Form
- Powder
- Liquid
Target customers
- Adults
- Kids
End users
- Food Service Providers
- Household/Domestic
- Corporates
- Airlines
Table of Contents for a Europe Drinking Chocolate Market Research Article:
- Introduction
- Background and Overview
- Objective of the Study
- Scope of the Europe Drinking Chocolate Market Research
- Methodology
- Data Collection
- Data Analysis
- Research Approach
- Sampling Techniques
- Research Instruments
- Executive Summary
- Key Findings
- Europe Drinking Chocolate Market Overview
- Europe Drinking Chocolate Market Trends and Insights
- Europe Drinking Chocolate Market Overview
- Europe Drinking Chocolate Market Definition
- Europe Drinking Chocolate Market Segmentation
- Europe Drinking Chocolate Market Size and Growth Rate
- Europe Drinking Chocolate Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porter's Five Forces Analysis
- Europe Drinking Chocolate Market Trends and Insights
- Emerging Technologies
- Consumer Behavior and Preferences
- Regulatory Landscape
- Competitive Analysis
- Europe Drinking Chocolate Market Segmentation
- Product Type
- Application
- Region
- End-User
- Other Relevant Segments
- Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Competitive Landscape
- Europe Drinking Chocolate Market Share Analysis
- Key Players Profiles
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments
Download the Complete Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=europe-drinking-chocolate-market
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