Chocolate is a delicious food that is produced from cocoa beans. Cocoa beans are a plant that grows in pods on trees. Cocoa pods contain cocoa seeds, which are removed from the pod, fermented, dried, roasted, and then ground into a paste called chocolate liquor or cocoa mass. The liquid from these processes are combined with sugar and other ingredients to create various types of chocolate products. In general, dark chocolate has less sugar than milk or white chocolate. Dark chocolates typically have at least 45% cacao solids; milk chocolates have between 20% and 32%; white chocolates have between 10% and 20%.
When people think about chocolate, they often think about milk chocolate, dark chocolate, or white chocolate. These are all different types of chocolate that have different percentages of cacao in them. It's typically eaten as a treat that can be enjoyed at any time of day. It's made by first roasting cocoa beans in order to remove their outer shell. The husks are then removed to release the cocoa nibs inside.
Benefits and Uses of Chocolate
Chocolate has been an integral part of many cultures for centuries. Some of the benefits of chocolate include improved cognitive function, reduced stress, increased creativity, and better mood, provide a healthy dose of antioxidants, and even act as an aphrodisiac. Due to these benefits, there has been an increased demand for chocolate in recent years. However, as we produce more cocoa than ever before it has become a struggle to keep up with demand.
In recent years research has shown that consuming moderate amounts of dark chocolate may improve heart health, lower blood pressure levels and decrease inflammation in the body. These are just some examples of how chocolate can positively impact your life as well as a boom in the chocolate industry which has led to an increase in demand. Dark chocolate is known for containing nutrients such as antioxidants, flavanols, and polyphenols that are great for your heart health. The cocoa butter content in dark chocolate can also help to protect your skin from UV rays from the sun. People who eat at least one ounce of dark chocolate per week have been shown to have better memory function than those who don't eat any. In addition, eating dark chocolate every day could even lower your risk of developing type 2 diabetes by 25%.
Indian Market Outlook
The India chocolate market was worth USD1687.23 million in 2022 and is expected to grow at a CAGR of over 6.69% to reach USD2457.48 million by 2028, on account of growing population and shifting consumer tastes. More substantial businesses try using cutting-edge strategies to gain market share as the market grows, increase in variety of chocolate such as sugar-free, organic, vegan, and gluten-free chocolates. Furthermore, rising middle-class disposable income, growing awareness of the health benefits of chocolates like dark chocolate, and innovative marketing and promotional strategies by manufacturers are expected to boost chocolate sales in India during the forecast period.
India, in particular, is experiencing a significant shift in tastes and preferences, with chocolate taking a prominent position in the market for sweets and confectionaries. As a socially diverse country, India celebrates various holidays throughout the year. As a result, the demand for chocolates increases year after year, which is expected to be a driving force in the growth of the Indian chocolate market.
Global Market Outlook
The global chocolate market reached a value of US$ 151.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 177.8 Billion by 2027, exhibiting a CAGR of 2.6% during 2022-2027. Global demand for chocolate is expected to increase by nearly 50% in the next 10 years. This means that there will be a boom in production of cocoa beans - which are used to make chocolate - because it takes about 3.5 pounds of raw cocoa beans to make one pound of cocoa powder. As production increases, so does deforestation. One reason for this boom in demand is that chocolate has recently been given a seal of approval from health experts.
Conclusion
There are many reasons why demand for chocolate is on a steady rise, from its ability to lower stress to its use as an aphrodisiac. Chocolate has been popular for centuries, but now it's more popular than ever. The average American eats ten pounds of chocolate per year. This increase can be attributed to factors like the boom in the chocolate industry and increased demand.
Key players
· Nestlé S.A.
· Mars, Inc.
· Ferrero Group
· Barry Callebaut AG
· Mondelez International
· Hershey Co.
· Cadbury
· Lindt & Sprüngli AG
· Kerry Group plc
Capacity:
Milk Chocolate 720,000 MT Per Annum
Dark Chocolate 720,000 MT Per Annum
White Chocolate 720,000 MT Per Annum
