Drinking Chocolate Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Drinking Chocolate Market covers analysis By Cocoa Content (30%-40%, 40%-60%, 60%-90%); Distribution Channel (Supermarket, Retail store, Online retail, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00017854
  • Category : Food and Beverages
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

Drinking chocolate is often referred to as hot chocolate. Drinking Chocolate is rich and smooth with a deep chocolate flavor. In certain countries, chocolate is referred to as chocolate tea. Drinking chocolate, made up of small pieces of chocolate, which are slowly melted and mixed with milk and water, is eaten as a meal. It consists of molten chocolate, hot chocolate, chocolate powder, or cocoa powder.

MARKET DYNAMICS

Drinking chocolates are beneficial to health with a good taste and flavor that attracts consumers of all ages, particularly children, adolescents and young people who consume them on a large scale. The vigorous aspects of drinking chocolates are low-cost manufacturing and have different health benefits for the end consumer. The future growth of chocolate-drinking has a niche market relative to tea and coffee worldwide. Drinking chocolates are primarily used for breakfast. Due to the moist and hot climate of the planet, the market for cocoa is facing a major challenge for overall market growth. The rising disposable income of the middle class in emerging economies such as China, India, Brazil, and others. In addition, the rising demand for hot chocolate is at its highest during seasonal and festive occasions, and the increasing availability of different flavors in hot chocolate is also increasing the demand for hot chocolate.

MARKET SCOPE

The "Global Drinking chocolate Market Analysis to 2028" is a specialized and in-depth study of the Food and Beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the drinking chocolate market with detailed market segmentation by cocoa content, distrbution channel, and geography. The global drinking chocolate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading drinking chocolate market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global drinking chocolate market is segmented on the basis of cocoa content and distribution channel. On the basis of cocoa content the global drinking chocolate market is segmented into 30%-40%, 40%-60%, and 60%-90% . Based on distribution channel the global drinking chocolate market is segmented into supermarket, retail store, online retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global drinking chocolate market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The drinking chocolate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the drinking chocolate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the drinking chocolate market in these regions.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global drinking chocolate market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The drinking chocolate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the drinking chocolate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the drinking chocolate market in these regions.

MARKET PLAYERS

The reports cover key developments in the drinking chocolate market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from drinking chocolate market are anticipated to lucrative growth opportunities in the future with the rising demand for drinking chocolate in the global market. Below mentioned is the list of few companies engaged in the drinking chocolate market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the drinking chocolate market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   Mars
  •   The Simply Good Foods Company
  •   Mondelez International
  •   The Hershey Company
  •   Nestle
  •   Godiva
  •   Lavazza
  •   Starbucks Corporation
  •   Unilever
  •   PepsiCo

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Drinking Chocolate Market - By Cocoa Content
1.3.2 Drinking Chocolate Market - By Distribution Channel
1.3.3 Drinking Chocolate Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. DRINKING CHOCOLATE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS

5. DRINKING CHOCOLATE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. DRINKING CHOCOLATE MARKET - GLOBAL MARKET ANALYSIS
6.1. DRINKING CHOCOLATE - GLOBAL MARKET OVERVIEW
6.2. DRINKING CHOCOLATE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. DRINKING CHOCOLATE MARKET - REVENUE AND FORECASTS TO 2028 - COCOA CONTENT
7.1. OVERVIEW
7.2. COCOA CONTENT MARKET FORECASTS AND ANALYSIS
7.3. 30%-40%
7.3.1. Overview
7.3.2. 30%-40% Market Forecast and Analysis
7.4. 40%-60%
7.4.1. Overview
7.4.2. 40%-60% Market Forecast and Analysis
7.5. 60%-90%
7.5.1. Overview
7.5.2. 60%-90% Market Forecast and Analysis
8. DRINKING CHOCOLATE MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKET
8.3.1. Overview
8.3.2. supermarket Market Forecast and Analysis
8.4. RETAIL STORE
8.4.1. Overview
8.4.2. retail store Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. online retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. others Market Forecast and Analysis

9. DRINKING CHOCOLATE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Drinking Chocolate Market Overview
9.1.2 North America Drinking Chocolate Market Forecasts and Analysis
9.1.3 North America Drinking Chocolate Market Forecasts and Analysis - By Cocoa Content
9.1.4 North America Drinking Chocolate Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Drinking Chocolate Market Forecasts and Analysis - By Countries
9.1.5.1 United States Drinking Chocolate Market
9.1.5.1.1 United States Drinking Chocolate Market by Cocoa Content
9.1.5.1.2 United States Drinking Chocolate Market by Distribution Channel
9.1.5.2 Canada Drinking Chocolate Market
9.1.5.2.1 Canada Drinking Chocolate Market by Cocoa Content
9.1.5.2.2 Canada Drinking Chocolate Market by Distribution Channel
9.1.5.3 Mexico Drinking Chocolate Market
9.1.5.3.1 Mexico Drinking Chocolate Market by Cocoa Content
9.1.5.3.2 Mexico Drinking Chocolate Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Drinking Chocolate Market Overview
9.2.2 Europe Drinking Chocolate Market Forecasts and Analysis
9.2.3 Europe Drinking Chocolate Market Forecasts and Analysis - By Cocoa Content
9.2.4 Europe Drinking Chocolate Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Drinking Chocolate Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Drinking Chocolate Market
9.2.5.1.1 Germany Drinking Chocolate Market by Cocoa Content
9.2.5.1.2 Germany Drinking Chocolate Market by Distribution Channel
9.2.5.2 France Drinking Chocolate Market
9.2.5.2.1 France Drinking Chocolate Market by Cocoa Content
9.2.5.2.2 France Drinking Chocolate Market by Distribution Channel
9.2.5.3 Italy Drinking Chocolate Market
9.2.5.3.1 Italy Drinking Chocolate Market by Cocoa Content
9.2.5.3.2 Italy Drinking Chocolate Market by Distribution Channel
9.2.5.4 United Kingdom Drinking Chocolate Market
9.2.5.4.1 United Kingdom Drinking Chocolate Market by Cocoa Content
9.2.5.4.2 United Kingdom Drinking Chocolate Market by Distribution Channel
9.2.5.5 Russia Drinking Chocolate Market
9.2.5.5.1 Russia Drinking Chocolate Market by Cocoa Content
9.2.5.5.2 Russia Drinking Chocolate Market by Distribution Channel
9.2.5.6 Rest of Europe Drinking Chocolate Market
9.2.5.6.1 Rest of Europe Drinking Chocolate Market by Cocoa Content
9.2.5.6.2 Rest of Europe Drinking Chocolate Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Drinking Chocolate Market Overview
9.3.2 Asia-Pacific Drinking Chocolate Market Forecasts and Analysis
9.3.3 Asia-Pacific Drinking Chocolate Market Forecasts and Analysis - By Cocoa Content
9.3.4 Asia-Pacific Drinking Chocolate Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Drinking Chocolate Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Drinking Chocolate Market
9.3.5.1.1 Australia Drinking Chocolate Market by Cocoa Content
9.3.5.1.2 Australia Drinking Chocolate Market by Distribution Channel
9.3.5.2 China Drinking Chocolate Market
9.3.5.2.1 China Drinking Chocolate Market by Cocoa Content
9.3.5.2.2 China Drinking Chocolate Market by Distribution Channel
9.3.5.3 India Drinking Chocolate Market
9.3.5.3.1 India Drinking Chocolate Market by Cocoa Content
9.3.5.3.2 India Drinking Chocolate Market by Distribution Channel
9.3.5.4 Japan Drinking Chocolate Market
9.3.5.4.1 Japan Drinking Chocolate Market by Cocoa Content
9.3.5.4.2 Japan Drinking Chocolate Market by Distribution Channel
9.3.5.5 South Korea Drinking Chocolate Market
9.3.5.5.1 South Korea Drinking Chocolate Market by Cocoa Content
9.3.5.5.2 South Korea Drinking Chocolate Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Drinking Chocolate Market
9.3.5.6.1 Rest of Asia-Pacific Drinking Chocolate Market by Cocoa Content
9.3.5.6.2 Rest of Asia-Pacific Drinking Chocolate Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Drinking Chocolate Market Overview
9.4.2 Middle East and Africa Drinking Chocolate Market Forecasts and Analysis
9.4.3 Middle East and Africa Drinking Chocolate Market Forecasts and Analysis - By Cocoa Content
9.4.4 Middle East and Africa Drinking Chocolate Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Drinking Chocolate Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Drinking Chocolate Market
9.4.5.1.1 South Africa Drinking Chocolate Market by Cocoa Content
9.4.5.1.2 South Africa Drinking Chocolate Market by Distribution Channel
9.4.5.2 Saudi Arabia Drinking Chocolate Market
9.4.5.2.1 Saudi Arabia Drinking Chocolate Market by Cocoa Content
9.4.5.2.2 Saudi Arabia Drinking Chocolate Market by Distribution Channel
9.4.5.3 U.A.E Drinking Chocolate Market
9.4.5.3.1 U.A.E Drinking Chocolate Market by Cocoa Content
9.4.5.3.2 U.A.E Drinking Chocolate Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Drinking Chocolate Market
9.4.5.4.1 Rest of Middle East and Africa Drinking Chocolate Market by Cocoa Content
9.4.5.4.2 Rest of Middle East and Africa Drinking Chocolate Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Drinking Chocolate Market Overview
9.5.2 South and Central America Drinking Chocolate Market Forecasts and Analysis
9.5.3 South and Central America Drinking Chocolate Market Forecasts and Analysis - By Cocoa Content
9.5.4 South and Central America Drinking Chocolate Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Drinking Chocolate Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Drinking Chocolate Market
9.5.5.1.1 Brazil Drinking Chocolate Market by Cocoa Content
9.5.5.1.2 Brazil Drinking Chocolate Market by Distribution Channel
9.5.5.2 Argentina Drinking Chocolate Market
9.5.5.2.1 Argentina Drinking Chocolate Market by Cocoa Content
9.5.5.2.2 Argentina Drinking Chocolate Market by Distribution Channel
9.5.5.3 Rest of South and Central America Drinking Chocolate Market
9.5.5.3.1 Rest of South and Central America Drinking Chocolate Market by Cocoa Content
9.5.5.3.2 Rest of South and Central America Drinking Chocolate Market by Distribution Channel

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. DRINKING CHOCOLATE MARKET, KEY COMPANY PROFILES
11.1. GODIVA
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. LAVAZZA
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MARS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MONDELEZ INTERNATIONAL
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NESTLE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PEPSICO
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. STARBUCKS CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. THE HERSHEY COMPANY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE SIMPLY GOOD FOODS COMPANY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. UNILEVER
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Godiva
2. Lavazza
3. Mars
4. Mondelez International
5. Nestle
6. Pepsico
7. Starbucks Corporation
8. The Hershey Company
9. The Simply Good Foods Company
10. Unilever

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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