Lucintel has analysed the global retail chocolate industry by product type and by region and has come up with a comprehensive research report, Global Retail Chocolate Industry Analysis and Outlook 2013-2018.
The major driver of the chocolate industry is increasing per-capita income, along with increasing demand for nutritional chocolates, sugar-free chocolates and organic or natural chocolate.
Seasonal and festive sales impacts the selling and production of chocolate. Increasing use of chocolates in different applications such as facial cream, pharmaceuticals and the beverage market will further drive this industry.
Lucintel forecasts that the majority of the segments for the chocolate industry will grow moderately during 2013-2018. The milk chocolate segment is expected to grow at a greater pace than dark chocolate and white chocolate.
Innovation of new products with new flavours and fewer calories, such as sugar-free chocolate, will also increase demand for chocolates. A growing demand for milk chocolate from emerging economies such as China, India and the Middle East countries is anticipated to boost the market.
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