North America Wine Chocolate Market Size, Share & Industry Trends Analysis Report By Wine Type (Red Wine, White Wine, and Others), By Distribution Channel, By Form (Liquid and Solid), By Country, Historical Data and Growth Forecast, 2021 - 2027
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Market Report Description
The North America Wine Chocolate Market would witness market growth of 6.0% CAGR during the forecast period (2021-2027).
The liquid wine chocolates come up with attractive bottle packaging in different shapes and colors which attracts the buyers and thus increases the demand for liquid wine chocolates. Additionally, the manufacturers are also focusing on designing attractive labels. Attractive packaging plays an important role in enhancing the sale of liquid wine chocolates. Thus, the packaging is one of the important aspects of the wine chocolate market.
Wine chocolates are obtained by mixing up the wine with cocoa. Firstly, either the red wine or white wine is kept to boil in a saucepan while in another pan, chocolate is placed with heavy cream and mixed properly and then cooked wine is mixed in it. Afterwards, the mixture is refrigerated for at least one hour or until served.
The United States is among the major producers of premium quality wine products in the world with bulk production of the grapes in the region. Also, the United States imports premium wines from various countries all over the world instead of being the major producers of wine and wine products. Hence, these factors are estimated to propel the growth of the regional wine chocolate market during the forecasting period.
The US market dominated the North America Wine Chocolate Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $209 Million by 2027. The Canada market is anticipated to grow a CAGR of 8.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 7.5% during (2021 - 2027).
Based on Wine Type, the market is segmented into Red Wine, White Wine, and Others. Based on Distribution Channel, the market is segmented into Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores, and Online Stores. Based on Form, the market is segmented into Liquid and Solid. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Wine Chocolate Market is Estimated to reach $1.1 Billion by 2027, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Raaka Chocolate Ltd., Ferrero International S.A., Lindt & Sprungli AG, Yildiz Holding A.S., NEUHAUS, Alfred Ritter GmbH & Co. KG, Duc d'O (Baronie), Halloren Chocolate Factory AG (Charlie Investors S.a.r.l.), and Toms Group A/S.
Scope of the Study
Market Segments Covered in the Report:
By Wine Type
- Red Wine
- White Wine
By Distribution Channel
- Specialty Stores
- Convenience Stores
- Online Stores
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Raaka Chocolate Ltd.
- Ferrero International S.A.
- Lindt & Sprungli AG
- Yildiz Holding A.S.
- Alfred Ritter GmbH & Co. KG
- Duc d'O (Baronie)
- Halloren Chocolate Factory AG (Charlie Investors S.a.r.l.)
- Toms Group A/S
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