BRIC Chocolate Market Performance Examined by SRI in Its Comprehensive Report Published at MarketPublishers.com30 Mar 2016 • by Natalie Aster
LONDON – The BRIC countries include Russia, Brazil, China and India. Chocolate markets in India and China are anticipated to see the highest CAGR in the region in the next 5 years, whilst economic conditions in Russia and Brazil have been posing a challenge to the BRIC chocolates market growth.
Currently the annual per capita consumption in Brazil is estimated at 2.5 kgs. The Brazilian chocolate market is estimated at around 800,000 tons per year. Brazil exports about 30,000 tons of chocolate every year, primarily to such countries as Chile, Peru, South Korea, Argentina and Japan.
The Russian chocolate market has recently witnessed continued decrease due to a dismal economic scenario in the country along with national currency devaluation and rising costs of raw materials. An average Russian consumes nearly 4.5 kgs. of chocolate every year.
At present, annual consumption in China and India stands at 1.2 kgs and 0.7 kgs per capita, respectively. The Indian chocolate market registered 15% YoY growth between 2008 and 2012, furthermore, this market is anticipated to post a robust growth, registering a remarkable CAGR of 23% up to 2018. The Indian chocolate market is evaluated at INR 7,000 crores. Chocolate penetration in the country is still quite low, there is remarkable growth potential both in the premium and regular chocolate segments.
Dominated mainly by multinational players, the Chinese chocolate industry is forecast to become a sales growth driver of the total BRIC chocolate market in the short-term perspective. By 2020, this domestic market will likely reach USD 4.4 billion.
New topical research report “Assessment of the BRIC Chocolate Market 2016” by Smart Research Insights (SRI) provides an in-depth analysis of the BRIC chocolate market landscape. The research study concentrates on market dynamics (growth drivers, challenges, restraints and opportunities), contains a detailed analysis of total BRIC market as well as country-wide analyses for chocolate markets in Brazil, Russia, India and China. The current market performance, historical development and future prospects of the BRIC chocolate market are carefully investigated in the report. Moreover, the publication highlights the market competitive landscape, focusing on major market participants. Nestle SA, Mondelez International, Ferrero SpA, Mars, Incorporated, Hershey Company and Amul are profiled in this research report.
Assessment of the BRIC Chocolate Market 2016
Published: March, 2016
Price: US$ 1,000.00
More novel research reports by Smart Research Insights are available at its page.