San Francisco, California, July 02, 2018: A recent market research report by TMR Research presents comprehensive analysis of the growth dynamics of the global dark chocolate market. The report, titled “Dark Chocolate Market – Global Industry Analysis, Size, Share, Category, Growth, Trends, and Forecast 2017–2025,” states that the market will expand at a swift pace over the report’s forecast period owing to the rising demand from rising awareness about health benefits of dark chocolates.
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The global dark chocolates market is primarily driven by applications of chocolates in confectionary products and flavored food. Dark chocolates have numerous health benefits such as stress relieving capabilities, nutritional values, and rich source of antioxidants. Dark chocolates are utilized as functional foods for benefits of the dark chocolate is propelling growth of the global market. In addition, trend of gifting chocolates and confectionaries on occasions is probably propel growth of the market. Usage of dark chocolate as flavoring agents in energy drinks is predicted to push up the demand over forecast period.
Adoption of natural sweeteners such as stevia and coconut sugar is expected to significantly rise owing to rising health and wellness trend is boosting demand for organic dark chocolates substantially. However, organic and specialty dark chocolates are expensive than conventional dark chocolates and their demand is from a distinct class of consumers reporting high disposable income. This is hampering growth of the global dark chocolates market to an extent.
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The dark chocolate market is segmented on the basis of application and region. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Of these, North America and Europe are expected to gain significant share in the global revenue of dark chocolate market. This growth is attributable to the higher consumption in the numerous countries such as US, Switzerland, Denmark, and Belgium.
Some of the key players operating in the dark chocolate market includes Rainforest Alliance, Fairtrade, and UTZ.