It is estimated for the global foodservice chocolate market to grow at a CAGR of 5.4% during the forecast period of 2022 to 2030.
Chocolate was a trendy drink for rich Europeans throughout the 18th century. The Industrial Revolution allowed chocolate to be mass-produced and brought the treat to the masses. The popularity led to the development of cacao tree plantations. Enslaved people farmed most of the plantations.
Global Food Service Chocolate Market – Overview
The market witnessed growth at a healthy CAGR during the forecast period of 2018 to 2021. The increasing number of chocolate lovers across the globe is estimated to drive the growth of the market during the forecast period.
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The increasing number of chocolate lovers around the globe coupled with the increasing use of chocolate in various arenas including that cold drinks, various food items, ice creams and so on are the factors that are estimated to boost the growth of the market during the forecast period. These factors played a major role in the growth of the market even during the previous forecast period of 2018 to 2021.
The health benefits associated with eating chocolates are also a factor that is estimated to boost the growth of the market during the forecast period. The population is being aware of the hazards associated with eating the chocolates such as the increase in sugar levels. And the increasing diabetic population around the globe is estimated to hinder the growth of the market during the forecast period.
Global Food Service Chocolate Market – Key Trends
Increasing use of chocolates in various arenas to boost the market
The increasing number of chocolate lovers around the globe coupled with the increasing use of chocolate in various arenas including that cold drinks, various food items, ice creams and so on are the factors that are estimated to boost the growth of the market during the forecast period. These factors played a major role in the growth of the market even during the previous forecast period of 2018 to 2021.
An increasing number of diabetic population hampers the growth of the market
The health benefits associated with eating chocolates are also a factor that is estimated to boost the growth of the market during the forecast period. The population is being aware of the hazards associated with eating the chocolates such as the increase in sugar levels. And the increasing diabetic population around the globe is estimated to hinder the growth of the market during the forecast period.
Global Food Service Chocolate Market – Segmental Assessment
Segment by Type
• Dark Chocolate
• Milk Chocolate
• White Chocolate
It is estimated for the milk chocolate segment to boost the growth of the market during the forecast period.
Segment by Application
• Hotel Restaurants
• Cafes
• Bakeries
• Other
It is estimated for the Cafes segment to boost the growth of the market during the forecast period.
Global Food Service Chocolate Market –Geographical Landscape
It is estimated for the region of Asia Pacific to drive the growth of the market during the forecast period. The growing population in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The US region is also estimated to witness a notable growth rate in the market.
Global Food Service Chocolate Market – Competitive Hierarchy
FUJI OIL, Aalst Chocolate, Puratos, Cocoa-linna Food Trading (shanghai) Co.,ltd, Apple FlavorandFragrance Group, Shanghai Yicheng Food Co., Ltd., Shanghai Hi-Road Food Technology Co., Ltd., SEE GREAT, Qingdao Miaopin Chocolate Co., Ltd., Cargill, Cemoi, Irca, Natra, Baronie and EUROCAO are the major players that are driving the growth of the market during the forecast period.
Report Scope
Global Food Service Chocolate Market : Historical Years (2018 to 2021)
Global Food Service Chocolate Market : Forecast years (2022 to 2030)
Global Sonar System Market CAGR 5.4%
Key Segments Reported
By Type (Dark Chocolate, Milk Chocolate and White Chocolate)
By Application (Hotel Restaurants, Cafes, Bakeries and Other)
Major regions and countries covered
• North America
• Europe
• Asia Pacific
• Middle East
• Rest of the World
FUJI OIL, Aalst Chocolate, Puratos, Cocoa-linna Food Trading (shanghai) Co.,ltd, Apple FlavorandFragrance Group, Shanghai Yicheng Food Co., Ltd., Shanghai Hi-Road Food Technology Co., Ltd., SEE GREAT, Qingdao Miaopin Chocolate Co., Ltd., Cargill, Cemoi, Irca, Natra, Baronie and EUROCAO are the major players that are driving the growth of the market during the forecast period.
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Key Questions Answered in the Report:
- What will be the development pace of market? What is the growth rate of the global market?
- Who are the key manufacturers in the market space? Who are the world’s leading manufacturers?
- What are sales, revenue, and price analysis of the top manufacturers of market?
- Who are the distributors, traders, and dealers of market? What are the key factors driving the Global market?
- What are the market opportunities and threats faced by the vendors in the industries?
- What are deals, incomes, and value examinations by types and applications of the market?
- What are the primary factors driving market?
- What are the market’s advantages, disadvantages, and risks, as well as an overview of the market?
- Who are the Top Manufacturers in the Market in Terms of Sales, Revenue, and Price Analysis?
- Analysis of Industry Revenue, Sales, and Pricing, what is the difference between Equipment by region, type, and application?
