Europe Drinking Chocolate market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of 3.6% in the forecast period of 2020 to 2027 and expected to reach USD 11,762.05 million by 2027. Increasing demand for the flavors in beverages in European countries is accelerating the growth of drinking chocolate market in European region. Drinking chocolate is also known as hot chocolate. In some region the drinking chocolate is referred to as chocolate tea. The drinking chocolate which is made up from small pieces of chocolates which are melted slowly and blended with milk and water is consumed as beverage. It consists of melted chocolate, heated chocolate, chocolate powder or cocoa powder. The powdered forms are dissolved in water or milk in order to make drinking chocolate. The drinking chocolates are classified as sweetened and unsweetened on the basis of cocoa content present in them. Various drinking chocolates are made up of milk chocolate or white chocolate also.
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A worldwide Europe Drinking Chocolate Market 2021 Industry report contains a chapter on the global Europe Drinking Chocolate Market and all its linked companies with their profiles, which presents valuable data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies. This market study analyses the market status, size, demand, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. This market research report not only saves precious time but also add credibility to the work. By keeping end users at the center point, a team of researchers, forecasters, analysts and industry experts work exhaustively to formulate this market document. The appealing Europe Drinking Chocolate Market report offers the best professional in-depth study on the current state for the Europe Drinking Chocolate Market .
Europe Drinking Chocolate market Companies Profiled in this report includes, Mars, Incorporated, Mondelēz International, Nestlé, THE HERSHEY COMPANY, Chocoladefabriken Lindt & Sprüngli AG, UelzenaeG and H. Schoppe& Schultz GmbH & Co. KG, LUIGI LAVAZZA SPA, PAUL U.K., Unilever, Godiva, Starbucks Corporation, The Simply Good Foods Company, GATORADE., PEPSICO and others.
For instance,
- In January, the suppliers of UelzenaeGas well as H. Schoppe& Schultz GmbH & Co. KG will operate as Schoppeinstant beverages which are the new representative for instant beverages from the group. This has helped the company to cater more number of customers at ease.Europe drinking chocolate market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Europe drinking chocolate market is categorized on the basis of type, cocoa content, application, flavor, form, target consumers, packaging type, packaging material, end user and distribution channel. The growth among segments helps you to analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the drinking chocolate is segmented into dark, milk and white. Due to the increase in health conscious population, number of people is more inclined towards the healthy food products among which dark drinking chocolate is one of the highly demanded products in Europe.
- On the basis of cocoa content, the drinking chocolate market is segmented into 30-40%, 40-60%, 60-90% and others. 60-90% content is dominating the market as it has highest content of cocoa which is found to be present in most of the drinking chocolate. It has been observed that, people are more inclined towards the high quantity of cocoa present in the drinking chocolates, due to its high nutritive values hence high content of cocoa in drinking chocolate dominates the market.
- On the basis of application, the drinking chocolate market is segmented into protein shakes, energy drinks, chocolate drinks, coffee mixes and others. In 2020, chocolate drinks are most famous product in drinking chocolate among adult as well as children. In Europe, the demand for the chocolate has become high due to its high health benefits such as, it helps to reduce the cardiovascular problems, reduces cholesterol, maintained blood pressure and many others.
- On the basis of mode of flavours, the drinking chocolate market is segmented into caramel, vanilla, honey & hazelnut and others. In 2020, vanilla segment is dominating the market as it is most preferred flavor among European population and hence is used in drinking chocolate.
- On the basis of form, the drinking chocolate market is segmented into powder & liquid. In 2020, powder segment is dominating the market as manufacturers provide their products in market mostly in powder form with better and attractive packaging which attracts customers. Powder form of drinking chocolate can be converted into drinking liquid as per the requirement and can be stored for the longer period of time without any damage or contamination in the product.
- On the basis of target consumer, the drinking chocolate market is segmented into adults & kids. In 2020, adult segment is dominating the market as the drinks with higher cocoa content is been used by adults mostly rather than kids. It has also been observed that the demands for the high cocoa content chocolate drinks are more popular among adults as they are more aware about its health benefits
- On the basis of packaging type, the market is segmented into rigid & flexible. In 2020, rigid segment is dominating the market as the products are mostly packed in rigid packaging type. The storage of the product in rigid packaging is better and attractive which leads its high demand in market among consumers as well as services providers.
- On the basis of packaging material the market is segmented into plastics, paper board, aluminum & others. In 2020, plastic segment is dominating as it is cheap in cost as well as its demand for the packaging of the product is high among manufacturer. Plastic material is most preferred material in industry in recent era for the packaging of the food products.
- On the basis of end user, the market is segmented into food service providers, hotels & bars, café, catering and others. Food service providers are dominating the market as it has been observed that the consumption of drinking chocolate is high from this segment and this leads to high revenue generation for the drinking chocolate market.
- On the basis of distribution channel, the drinking chocolate market is segmented into store-based retailing & non-store retailing. In 2020, store-based retailing segment is dominating the market as it is easy way of retailing as people get easily products through store based retailing as per their choice and have satisfaction on the products they are buying.
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Europe Drinking Chocolate Market Research Objectives:
**To analyse the Europe Drinking Chocolate with respect to individual growth trends, future prospects, and their contribution to the total market
**To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks)
**To project the consumption of Europe Drinking Chocolate submarkets, with respect to key regions (along with their respective key countries)
**To study and analyse the global Europe Drinking Chocolate consumption (value & volume) by key regions/countries, product type and application, history data
**To understand the structure of the Europe Drinking Chocolate market by identifying its various sub segments
**Focuses on the key global Europe Drinking Chocolate manufacturers, to define, describe and analyse the sales volume, value, market share, market competition landscape, Porter’s five forces analysis, SWOT analysis, and development plans in the next few years
**To analyse competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
**To strategically profile the key players and comprehensively analyze their growth strategies
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