According to a new report, published by KBV research, The Global Wine Chocolate Market size is expected to reach $1.4 billion by 2030, rising at a market growth of 6.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,06,374.87 thousand units (Pack of 6), experiencing a growth of 7.2% (2019-2022).
The Solid segment is anticipated to have a CAGR of 7.9% during (2,023 - 2,030). Solid wine chocolate products, such as chocolate bars and molded shapes, offer convenience and portability for consumers on the go. They are easy to handle without the need for additional utensils or packaging. Solid wine chocolate products generally have a longer shelf life than liquid or perishable forms, such as truffles or filled chocolates. This makes them suitable for retail distribution, online sales, and gifting occasions where shelf stability and durability are important.
The Red Wine segment is leading the Global Wine Chocolate Market by Wine Type in 2,022 thereby, achieving a market value of $663.8 Million by 2,030. Red wine has a long-standing cultural significance, often associated with celebrations, social gatherings, and culinary traditions. Its rich heritage makes it popular for consumers seeking nostalgic experiences, particularly when combined with chocolate. Additionally, red wine offers a diverse range of flavor profiles. When infused into chocolate, these complex flavors add depth and sophistication.
The Online Stores segment is experiencing a CAGR of 7.6% during (2,023 - 2,030). Online stores enable customers to access wine chocolate products worldwide, regardless of their geographical location. This expands consumer choices and allows individuals to discover and purchase specialty chocolates from different regions and countries, enriching their culinary experiences. Furthermore, online stores often feature special offers, discounts, and promotions on wine chocolate products, making them more affordable and attractive to customers.
Full Report: https://www.kbvresearch.com/wine-chocolate-market/
The Europe region dominated the Global Wine Chocolate Market by Region in 2,022 thereby, achieving a market value of $521.8 Million by 2,030, growing at a CAGR of 6.3 % during the forecast period. The North America region would witness a CAGR of 6.7% during (2,023 - 2,030). Additionally, The Asia Pacific region is experiencing a CAGR of 7.5% during (2,023 - 2,030).
By Form (Volume, Thousand Units (PACK OF 6), USD Billion, 2019-2030)
By Wine Type (Volume, Thousand Units (PACK OF 6), USD Billion, 2019-2030)
By Distribution Channel (Volume, Thousand Units (PACK OF 6), USD Billion, 2019-2030)