France Chocolate Market Overview
France Chocolate Market has seen the latest developments which include the introduction of newer varieties of cocoa beans, each having a special characteristic taste and smell. Few varieties like Forastero grows faster and the beans have a robust and earthy flavour. Other varieties have different characteristics like delicate and sweet flavour or floral, fruity flavour. Growing health consciousness in France has resulted in a continuously growing market for organic and sugar & gluten-free chocolates. Besides, France is one of the European countries that called on the European Union to strengthen environmental and human rights due to the diligence requirements of companies in the cocoa supply chain. The French government has already launched a national strategy to stop the import of unsustainable forest and agricultural products by 2030.
France chocolate market is expected to witness steady growth over the coming years due to the introduction of a new variety of chocolates and various innovations brought up by chocolate makers from all over the world the country. Additionally, France already has a well-established market for the chocolate industry as it is the fifth-largest chocolate consumer in the world where on average each consumer consumes more than 7 kg of chocolate per year. Moreover, buying chocolates is a result of impulsive behaviour of consumers to celebrate small moments of joy and happiness so it gets hardly any impact by economic slowdown or recession.
According to 6Wresearch, France Chocolate Market size is projected to grow at a CAGR of 2.1% during 2019–to 2025. The introduction of dark premium chocolate by international brands, availability of a variety of flavours and expanding online chocolate distribution are the key factors catalysing the growth of the chocolate market in France. However, the rising price of raw materials including sugar and cocoa is expected to increase the price of chocolates thereby acting as a restraint on the market growth in France.
Key Highlights of The Reports:-
- France Chocolate Market Overview
- France Chocolate Market Outlook
- France Chocolate Market Forecast
- Historical Data of France Chocolate Market Revenues for the Period 2015-2018
- Market Drivers and Restraints
- France Chocolate Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis and Market Opportunity Assessment
- France Chocolate Market Share, By Players
- France Chocolate Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
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