Chocolate and Gourmet Dates Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026
Chocolates are a rich source of antioxidants owing to the presence of cocoa as a raw material. Gourmet dates have health benefits owing to its organic base. Moreover, gourmet dates can be filled with nuts, fruits, or chocolates. The market is projected to reach US$160.28 billion by the end of 2026, at a CAGR of 5.1% over the forecast period, attributing to increasing consumption of organic food coupled with a rising awareness associated with health benefits of both, chocolates, as well as gourmet dates. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/2566 Factors such as manufacturing of various limited edition chocolates and stuffed gourmet dates is fueling growth of the chocolate and gourmet dates market. Increased spending on tourism is resulting in high demand for chocolates and gourmet dates as gifts. Chocolate and gourmet dates are used in confectionery products such as cookies, breads, candies, and others. Distribution channels of chocolate and gourmet dates include hypermarkets & supermarkets, convenience stores, specialty stores, online stores, and others. Other distribution channels comprise grocery stores, retail stores, and departmental stores. The online channel segment is predicted to grow at a faster pace during the forecast period as a result of increased penetration of internet and mobile phones across the globe. For instance, as per the World Bank data, in 2010, the global number of internet users was 1.99 billion which increased and reached 3.41 billion users in 2016. Among product type, demand for chocolates is expected to grow during the forecast period, owing to the health benefits associated with its consumption, such as lowers blood pressure, improves blood circulation, and others. High cocoa content is a good source of antioxidant in chocolates and hence, aids in slowing ageing process. Moreover, chocolate increases serotonin levels in the brain and the gut, and improves the immune system. Among packaging type, the standard packaging segment is expected to gain a significant market share during the forecast period, owing to its lower price as compared to gift packaging. Moreover, gourmet dates and chocolates are considered gift products due to their classification as premium food items and therefore, the gift packaging segment’s demand is expected to increase during festivals and occasions such as Thanksgiving, Easter, weddings, birthdays, Valentine’s Day, and so on.