White Chocolate Market to Showcase High Growth; to cross USD 24 BN Mark by 2026
Posted On August 18, 2020
During the period of 2020-2026 it is expected that the Global White Chocolate Market will showcase a CAGR of 5.5%. The market is foreseen to reach USD 24 BN by 2026 while it was valued at USD 16.5 BN in 2019 as stated in a the published market study by Value Market Research. The main growth factors of the global white chocolate market are increasing demand for white chocolate due to its health benefits over the regular dark-chocolate and growing health consciousness among the consumers. The manufacturers are introducing innovative products by adding natural and organic ingredients to the white-chocolate to enhance their nutritional value. This factor is further supporting the market. Moreover, advanced and attractive packaging techniques are captivating the consumers' attention, resulting in the growth of the market. During the COVID-19 Pandemic, the global white chocolate market may face certain restraints due to disrupted supply chain and reduced production.
Cocoa solids are the main component of traditional dark-chocolate. White chocolate is chocolate without cocoa solids. White chocolate contains milk solids, sugar, and cocoa butter. During the white chocolate making process, dark-colored cocoa solids are removed, and remaining cocoa butter is the only cocoa ingredient in the chocolate. Some additional flavors like vanilla can also be added to the white chocolate. White chocolates are considered as a healthy substitute for conventional chocolate. The antioxidants, such as flavonoids present in white chocolate, keep the skin young and delays the skin aging process. White chocolate helps immunity-boosting, enhancing liver function, reducing cholesterol, and controlling hypertension and breathing problem.
The initial sections of the report "Global White Chocolate Market Report By Type (Conventional White Chocolate, Organic White Chocolate), By Form (White Chocolate Bar, Candies, White Chocolate Coating Nuts, White Chocolate Chips, Other), By Applications (Food & Beverages, Pharmaceuticals, Cosmetics, Other), By Sales Channels (Modern Trade, Specialty Stores, Departmental Store, Pharmaceutical & Confectionary Stores, Online Stores, Other) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" starts with the introduction, a crisp market summary followed by detailed revenue analysis as per segments and regions. The market drivers responsible for pushing the market growth are discussed in length in the report. The white chocolate market opportunities are useful to identify the profit canters and take the strategic decision accordingly.
On the basis of Type the market is segmented into Conventional White Chocolate, Organic White Chocolate. By Form the white chocolate market is categorised as White Chocolate Bar, Candies, White Chocolate Coating Nuts, White Chocolate Chips, Other. By Applications the white chocolate market is categorised as Food & Beverages, Pharmaceuticals, Cosmetics, Other. Based on Sales Channels the white chocolate market is segmented as Modern Trade, Specialty Stores, Departmental Store, Pharmaceutical & Confectionary Stores, Online Stores, Other. The other regions studied in the report are North America, Europe, Latin America and Middle East & Africa. The regional spread of all the segments and sub segments are detailed in the report.
The Report Segments Global White Chocolate Market -
- Conventional White Chocolate
- Organic White Chocolate
- White Chocolate Bar
- White Chocolate Coating Nuts
- White Chocolate Chips
- Food & Beverages
By Sales Channels
- Modern Trade
- Specialty Stores
- Departmental Store
- Pharmaceutical & Confectionary Stores
- Online Stores
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Mars Incorporated, Blommer Chocolate Company, GCPPL Ltd., Unilever, Nestle SA, Agostoni Chocolate, Ghirardelli Chocolate Co., Barry Callebaut, Mondelez International, Ferrero, Chocolatiers (UK) Ltd.
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