Chocolate Ice Cream Industry: Analysis and Opportunity and Forecast to 2027
Market Overview The demand for chocolate products has been growing over the past decade mainly due to increasing awareness of the health benefits of certain types of chocolate. For instance, dark chocolate is a rich source of antioxidants and helps improve blood flow and control cholesterol levels. Consumers of chocolate and chocolate-flavored products are considerably price insensitive. Factors such as urbanization and an ever-expanding middle-class population in emerging economies are encouraging the consumption of chocolate-flavored products. Furthermore, regional ice cream flavors and types such as kulfi in India and matcha and azuki in Japan are being increasingly enjoyed with chocolate, thereby, driving the popularity of chocolate ice cream. Competitive Analysis: Some of the key players in the global Chocolate Ice Cream are Nestlé S.A. (Switzerland), General Mills, Inc. (US), Unilever PLC (UK), Jude’s Ice Cream (UK), Straus Family Creamery (US), Halo Top Creamery (US), and Guj