Hot chocolate is also known as chocolate. In certain countries, hot chocolate is referred to as chocolate tea. Hot chocolate made from small pieces of chocolate, which are slowly melted and combined with milk and water, is consumed as a beverage. It consists of melted chocolate, hot chocolate, chocolate powder, or cocoa powder. Powdered forms are dissolved in water or milk to make chocolate. Hot chocolates are graded as sweetened and unsweetened on the basis of the cocoa content present in them. Various hot chocolates are often made from chocolate milk or white chocolate.
MARKET DYNAMICS
Increasing consumer awareness related to the health benefits of chocolate is a key driver of the industry. In addition, the growth of the middle-class population and rapid urbanization at the global level are expected to fuel industry growth over the forecast period. The shift in consumer preferences towards nutritious products, given the growing incidence of cardiovascular disorders and the rise in the number of weight loss programs, is expected to fuel demand for hot chocolate as a healthier choice. In addition, a rise in the number of health promotion videos on social media sites, including YouTube and Facebook, by fitness enthusiasts is expected to boost the demands of the hot chocolate market.
MARKET SCOPE
The "Global Hot chocolateMarket 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 hot chocolatemarket with detailed market segmentation by product, end- user and geography. The global hot chocolatemarket is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hot chocolatemarket players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hot chocolate market is segmented on the basis of product and end user. On the basis of product the global hot chocolate market is segmented into original taste, and flavor taste. Based on end user the global hot chocolate market is segmented into supermarkets/ hypermarkets, convenience stores, e-commerce, 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 hot chocolatemarket 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 hot chocolatemarket 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 hot chocolatemarket 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 hot chocolatemarket in these regions.
MARKET PLAYERS
The reports cover key developments in the hot 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 hot chocolate market are anticipated to lucrative growth opportunities in the future with the rising demand for hot chocolate in the global market. Below mentioned is the list of few companies engaged in the hot chocolate market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hot 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.
- Nestle
- Starbucks
- Swiss Miss
- The Hershey Company
- W.T.Lynch Foods
- GODIVA Chocolatier
- Cadbury
- Land O'Lakes
- Chocomize
- Chek Hup Sdn. Bhd.
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.