6wresearch
by on June 20, 2022
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China Chocolate Market Overview

China Chocolate Market has seen the latest innovations which include the widespread usage of gourmet chocolate in other applications such as baked goods, ice cream, and most recently, beverages. At the same time, consumers are worried about excessive sugar intake and weight gain. That's much candy, and chocolate companies have introduced sugar-free or low calory products. Also, due to various health benefits, increasingly more customers are turning to dark chocolate. Manufacturers have also started to launch special sweets for special occasions containing different varieties of chocolate combined with different regional ingredients. In January 2021, China's prominent local on-demand delivery and retail platforms, Dada Group and Ferrero Group formed a new strategic partnership to create a new on-demand retail model for snack food. This has promoted the sales of chocolate via the online platform.

China chocolate market is expected to grow substantially due to recent changes in the perception of people regarding chocolates in China. In the past, people used to consider chocolates as a luxurious product that was consumed just on special occasions to celebrate moments of joy and happiness. However, now a day’s, Chinese people are buying and consuming chocolate on a daily basis and they have started considering chocolate as a sweet which is usually consumed after every meal.

According to 6Wresearch, China Chocolate Market size is projected to grow at a CAGR of 4.8% during 2019–2025. According to a survey by the Association of Chinese chocolate Manufacturer regarding the chocolate market in China, every year China consumes around  70 grams of chocolate per capita making it an emerging chocolate market receiving huge investment from international brands. Moreover, Chinese consumers are trusting international brands more as compared to local ones due to better variety and taste.

Key Highlights of the Report:-

  • China Chocolate Market Overview
  • China Chocolate Market Outlook
  • China Chocolate Market Forecast
  • Market Drivers and Restraints
  • China Chocolate Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis and Market Opportunity Assessment
  • China Chocolate Market Share, By Players
  • China Chocolate Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

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