Published Date: 28-Feb-2022
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According to a new report Global Wine Chocolate Market, published by KBV research, The Global Wine Chocolate Market size is expected to reach $1.1 billion by 2027, rising at a market growth of 6.5% CAGR during the forecast period.
The Red Wine market shows high market share in the Global Wine Chocolate Market by Wine Type 2020, thereby, achieving a market value of $544.5 Million by 2027. This is because of the immense popularity of red wine especially among the young generation and the unique taste it serves. Also, the red wine chocolates serve various health benefits which further boost the sale of red wine chocolates.
The Specialty Stores market acquired maximum revenue share in the Global Wine Chocolate Market by Distribution Channel 2020, thereby, achieving a market value of $488.2 Million by 2027. These stores deal in limited variety of products with the broad range of brands and price choice. These stores enable consumers to easily choose the most suitable product for them which is resulting in adoption of specialty store segment along with growth of wine chocolate market.
The Liquid market is generating high revenue share in the Global Wine Chocolate Market by Form 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $791.5 Million by 2027. The high demand for liquid wine chocolates is the result of the rising consumption of it as a dinner desert drink in various regions along with the attractive packaging of them.
The Europe market fastest growing region in the Global Wine Chocolate Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $432 Million by 2027. The North America market is expected to witness a CAGR of 6% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 7.4% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/wine-chocolate-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Wine Type
By Distribution Channel
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