Chocolate Market - Growth, Trends, and Forecasts (2023 - 2028)
The chocolate market is projected to witness a CAGR of 4.5% during the next five years.
Key HighlightsThe chocolate market is fragmented with the presence of both regional and international players such as Mars Incorporated, Yildiz Holdings, and Ferrero International SA. The major players continuously focus on product innovation with the launch of premium chocolates worldwide. Furthermore, manufacturers in the market studied have been largely focusing on chocolates for special occasions, such as Valentine's Day, Easter, and Christmas, by offering special chocolates in different colors and shapes, matching the theme of the celebration.
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