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The Global Chocolate Market Trends for 2021

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The global chocolate makers across the world have increased their business with new innovative designs, rich flavors, and high-quality ingredients. According to the new report, the demand for premium chocolates has increased its growth by 35% in 2021 and also witnessed steady growth due to various innovations in the global chocolate market. Are you looking for the best chocolate manufacturers in Asia? BakeMate is one of the largest Chocolate manufacturers and exporters of the finest chocolates, flavored chocolates, center-filled chocolates, creamy chocolates in India. Nowadays chocolate makers are desired to come up with new consumer needs and next-generation chocolate flavors. 

A Taste of the Future

When it comes to confectionary flavors and textures, consumers look forward to a truly indulgent experience. Moreover, the texture is being paid more attention to these days in the new market trends such as crispy chocolate layers, and larger chocolate chunks. The new innovative ingredients include nuts, vegetables, cereals, citrus flavors, unusual fruits, florals, and rare cocoa. Chocolate is being one of the most popular and widely consumed sweet treats in the world, with North American nations devouring market share, followed by European countries.

Trends and Innovations in the Industry

  • New Chocolate Trends changed Global Chocolate Market in 2021
  • Healthy chocolate desserts to drink
  • Premium Cacao discovery
  • Huge demand from the obese and diabetic population
  • Clean and healthy ingredients
  • Looking for spices & herbs
  • Combination of different flavors
  • Natural ingredients from the organic products
  • High-demand for Organic Cocoa
  • Taking innovative forms
  • Next level indulgence

According to the latest reports, the global chocolate industry was worth over $100 billion in retail sales around the globe in 2020 and continues to rise. Over the next 5 years, the global chocolate market is witnessing growth sales on average about 4.4% every year. North America, Asia Pacific, and Western Europe are the top 3 regions and account for over 70% of sales worldwide.

Demand for Unique Chocolate Flavors to Drive the Global Chocolate Market

  • More than 83% of consumers look premium chocolate that needs to be tasty and good for health
  • Approximate 55% of consumers agree that various chocolates textures and flavors are more premium
  • 43% of Global consumers want new chocolate flavors like coffee/tea/cocktail/alcoholic 
  • 67% of consumers want to know more details about where their chocolate comes from and what flavor it is. 
  • 75% of Global consumers desire to try new and exciting chocolate experiences
  • Around 11% of consumers want to eat ‘Salty’ or ‘Spicy’ chocolates, with growth in Botanical flavors including spices, florae, and herbs. 
  • 61% say Chocolate with authentic and clean labels are more trustworthy

In recent years, the growth of the global chocolate industry has been enhanced in large part by raising awareness of the all health benefits of certain types of chocolate and gaining the most popularity in all across the world. As per the reports, the global chocolate market size stood at USD 114.33 billion in 2019 and it is expected to raise USD 136.42 billion by 2027, by a CAGR of 2.3% during the period from 2020 to 2027. 

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