The global seasonal chocolates market revenue is expected to expand at a significant CAGR over the forecast period. Rising disposable income with growing economic conditions is driving global demand for seasonal chocolates. In addition, increasingly offering chocolate products with variety of functionalities, flavors, and even price points plays an important role for growth of the global market.
The global seasonal chocolates market report has been segmented on the basis of chocolate type, filling, distribution channel, and region.
On the basis of chocolate type, the target market is segmented into dark, milk, and white. The dark chocolate segment will dominate the market during the forecast period, owing to the increasing popularity coupled with benefits of dark chocolate.
On the basis of filling, the market is classified into filled seasonal chocolates and unfilled seasonal chocolates. The filled seasonal chocolates segment will dominate the market during the forecast period.
On the basis of distribution channel, it is segmented into non-store based and store based. The non-store based distribution channel is expected to dominate the global market.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market growth in some regions such as north America and Europe, is mainly driven by the trend of buying and gifting chocolates for festive occasions like Easter, Halloween, and Christmas. Moreover, surge in demand for healthier food coupled with changing consumer lifestyles in the developed countries of North America and Europe regions is fueling up the market of seasonal chocolates. In addition, innovative chocolate products acting as health supplement for the diet conscious people. Furthermore, high consumption of cocoa and cocoa flavored products in growing economies of Asia-Pacific and Latin America and growing demand for chocolates especially in China and India will support the market growth during the forecast period.
Key players operating in the global seasonal chocolates market include Chocoladefabriken Lindt & Sprüngli AG, Ferrero SpA, Mars, Incorporated, Mondelez International, Inc., GODIVA Chocolatier, The Hershey Company, Anna Banana’s Homemade Goodness, Phillips Chocolate, Gilbert Chocolates, and Blue Frog Chocolates