Overview:

The global bean-to-bar chocolate market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. The bean-to-bar chocolates are manufactured from selected premium quality cocoa beans and the chocolate contains high content of cocoa. In addition, the chocolate for which all processes of production or manufacturing are carried out by single manufacturer (from raw material sourcing to end product manufacturing) are called as bean-to-bar chocolate.

Market Dynamics:

The cocoa-rich chocolates contains high amount of minerals such as iron, magnesium, zinc, etc. Cocoa also contains flavonoid antioxidants that have some health benefits. These flavonoid antioxidants prevent the oxidative stress by neutralizing the free radicals. Thus, rising awareness among the consumers across the globe regarding health benefits of the chocolate is a key driving factor for growth of the global bean-to-bar chocolate market.

In addition, rising number of festive and seasonal offers is another factor propelling demand for bar chocolates and is expected to drive growth of the global market to significant extent during the forecast period.

Key Trend:

Product launches by key players is a key trend observed in the bean-to-bar chocolate market. For instance, in January 2020, Nestle has launched Kitkat Gold brand in the UK. The new product is a caramel-flavored chocolate bar that utilizes UTV-certified cocoa beans.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe accounted for highest share in terms of revenue. This can be attributed to presence of major manufacturers and rising demand for single origin chocolate in the region. The Asia Pacific market is expected to witness highest growth in terms of revenue during the forecast period. Increasing focus of new players towards the bean-to-bar chocolate production, rising demand for mixed and single origin chocolates are major factors expected to drive growth of the Asia Pacific bean-to-bar chocolate market.

Scope of the Report:

Detailed Segmentation:

Global Bean-to-bar Chocolate Market, By Type:

• Single Origin
• Mixed

Global Bean-to-bar Chocolate Market, By Application:

• Household
• Commercial

Key Players Covered:

Key players operating in the global bean-to-bar chocolate market includes, The Ferrero Group, GODIVA Chocolates, Ezaki Glico Co., Ltd., Nestle S.A., Toms International, Haigh's Chocolates, The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Lotte Corporation, and Venchi.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Bean-to-bar Chocolate Market by type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global bean-to-bar chocolate market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.