Drinking chocolate is often referred to as hot chocolate. Drinking Chocolate is rich and smooth with a deep chocolate flavor. In certain countries, chocolate is referred to as chocolate tea. Drinking chocolate, made up of small pieces of chocolate, which are slowly melted and mixed with milk and water, is eaten as a meal. It consists of molten chocolate, hot chocolate, chocolate powder, or cocoa powder.
MARKET DYNAMICS
Drinking chocolates are beneficial to health with a good taste and flavor that attracts consumers of all ages, particularly children, adolescents and young people who consume them on a large scale. The vigorous aspects of drinking chocolates are low-cost manufacturing and have different health benefits for the end consumer. The future growth of chocolate-drinking has a niche market relative to tea and coffee worldwide. Drinking chocolates are primarily used for breakfast. Due to the moist and hot climate of the planet, the market for cocoa is facing a major challenge for overall market growth. The rising disposable income of the middle class in emerging economies such as China, India, Brazil, and others. In addition, the rising demand for hot chocolate is at its highest during seasonal and festive occasions, and the increasing availability of different flavors in hot chocolate is also increasing the demand for hot chocolate.
MARKET SCOPE
The "Global Drinking chocolate Market Analysis to 2028" is a specialized and in-depth study of the Food and Beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the drinking chocolate market with detailed market segmentation by cocoa content, distrbution channel, and geography. The global drinking chocolate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading drinking chocolate market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global drinking chocolate market is segmented on the basis of cocoa content and distribution channel. On the basis of cocoa content the global drinking chocolate market is segmented into 30%-40%, 40%-60%, and 60%-90% . Based on distribution channel the global drinking chocolate market is segmented into supermarket, retail store, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global drinking chocolate market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The drinking chocolate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the drinking chocolate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the drinking chocolate market in these regions.
MARKET PLAYERS
The reports cover key developments in the drinking chocolate market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from drinking chocolate market are anticipated to lucrative growth opportunities in the future with the rising demand for drinking chocolate in the global market. Below mentioned is the list of few companies engaged in the drinking chocolate market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the drinking chocolate market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Mars
- The Simply Good Foods Company
- Mondelez International
- The Hershey Company
- Nestle
- Godiva
- Lavazza
- Starbucks Corporation
- Unilever
- PepsiCo
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.