Each year, the confectionery industry experiences shifts that shape the flavors and types of sweets that captivate consumers. In 2017, American corporation Cargill has identified four key chocolate trends that are expected to lead the market. From premium offerings to sustainable practices, these trends reflect the evolving preferences of modern consumers.
The demand for premium chocolate continues to soar, with consumers increasingly seeking out gourmet, artisan, and homemade labels. This trend, which gained momentum in previous years, shows no signs of slowing down. According to a report by Statista, the global chocolate market was valued at approximately $103.28 billion in 2016 and is projected to reach $161.56 billion by 2024.
Modern consumers are increasingly conscious of the ethical and environmental impact of their purchases. This has led to a surge in demand for fair-trade and sustainably sourced chocolate. According to the Fairtrade Foundation, sales of Fairtrade chocolate in the UK alone reached £220 million in 2016.
Healthier chocolate options are becoming increasingly popular as consumers seek products that align with their dietary needs and wellness goals. The global market for sugar-free chocolate is expected to grow at a CAGR of 6.85% from 2020 to 2027, according to Grand View Research.
Indulgence remains a key trend, with consumers seeking chocolates that offer rich, multi-sensory experiences. This includes combining multiple flavors, textures, and ingredients in a single treat. According to Mintel, 70% of consumers enjoy trying new and unusual chocolate flavors.
The chocolate industry in 2017 is poised for exciting developments, driven by consumer preferences for premium quality, sustainability, health-conscious options, and indulgent experiences. As these trends continue to evolve, manufacturers are innovating to meet the demands of a more discerning and ethically aware market. Whether it's through artisanal craftsmanship, ethical sourcing, or multi-sensory delights, the future of chocolate looks both delicious and diverse.
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