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Global Chocolate Confectionery Market to 2028: Rising Disposable Income and Health and Wellness Trends Bolster Growth

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Dublin, June 16, 2023 (GLOBE NEWSWIRE) — The “Global Chocolate Confectionery Market: Analysis By Category, By Product Type, By Price Point, By Age Group, By Distribution Channel, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028” report has been added to ResearchAndMarkets.com’s offering.

The global chocolate confectionery market in 2022 stood at US$137.95 billion, and is likely to reach US$186.99 billion by 2028.

Chocolate confectionery refers to sweet treats primarily composed of chocolate or cocoa derivatives, including products such as chocolate bars, truffles, and pralines. Originating as a luxury item in Mesoamerica, chocolate underwent a transformation to a sweet beverage favored by European elites, following the introduction of sugar.

The 20th-century industrial revolution, marked by key innovations such as the cocoa press and mass production, led to the evolution of chocolate from a premium product to a universally relished confectionery. The transition of these sweets into easily accessible, portable snacks has broadened their consumer base, thereby boosting their popularity and indicating the dynamic progression of the chocolate confectionery market.

In recent years, the popularity of chocolate confectionery has increased for various reasons, primarily due to its potential health benefits, the rise of artisan and premium chocolates, the growth of online sales channels providing greater accessibility, and innovation in flavors and forms driven by effective marketing campaigns.

As consumers continue to increase their awareness of lifestyle and consumption choices, it is expected that the chocolate confectionery market to deepen its offering in specific lifestyle choice products including reduced sugar and dairy free. The global chocolate confectionery market is projected to grow at a CAGR of 5.20% during the forecast period of 2023-2028.

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Global Chocolate Confectionery Market Dynamics:

  • Growth Drivers: According to the IMF, the rising GDP per capita in both advanced and developing economies has led to an increase in disposable income, particularly among an expanding middle class. This surge in income has propelled consumer spending on luxury items, including high-quality chocolates, boosting the global chocolate confectionery market. Countries like the UK, and the US have particularly seen a rise in per capita chocolate confectionery expenditure. Further, the market is expected to grow owing to rapid urbanization, growth of e-commerce, health and wellness trends, gifting culture and festive celebrations, marketing and branding initiatives, etc. in recent years.
  • Challenges: The profitability of the chocolate industry hinges on the costs of key raw materials like cocoa, sugar, and milk, which can be influenced by various factors including climate, political instability, and global supply-demand dynamics. A spike in raw material costs in 2022 heightened the industry’s complexity and squeezed profit margins, necessitating effective procurement and hedging strategies. Consequently, diligent cost monitoring and efficient supply chain risk management are pivotal to sustaining profitability in the industry. Additionally, other factors like regulatory changes, health concerns, etc. are other challenges to the market.
  • Market Trends: The ongoing momentum of the ‘snacking culture’, driven by busy lifestyles and changing eating habits, is expected to propel the global chocolate confectionery market. Particularly, millennials and Gen Z’s preference for convenient, on-the-go options and the general perception of chocolate as a comfort food boost its consumption. With companies innovating to meet these trends through bite-sized portions and re-sealable packaging, the rise of snacking culture is poised to fuel the market’s growth significantly. More trends in the market are believed to grow the chocolate confectionery market during the forecasted period, which may include increasing penetration of Artificial Intelligence (AI) and Data Analytics, growing integration of AR and VR, technological innovations, sustainable practices, expansion into new product categories, personalization & customization, and exotic & novel flavors, etc.

Impact Analysis of COVID-19 and Way Forward:

The COVID-19 pandemic has had a transformative impact on the global chocolate confectionery market, resulting in supply chain disruptions and shifting consumer behaviors, which compelled the industry to focus on healthier variants, e-commerce, and digital marketing strategies. The pandemic’s transformative changes presented both challenges and opportunities, paving the way for the chocolate confectionery industry’s evolution in the post-COVID era.

The post-COVID impact on the chocolate confectionery market is expected to result in continued e-commerce growth, altered consumption patterns favoring comfort and premium products, recovery of duty-free sales, and a sustained demand for healthier, ethically-sourced options.

Competitive Landscape and Recent Developments:

The global chocolate confectionery market is moderately consolidated, with key players like Mondelez International, Mars Incorporated, Ferrero Group, and Nestle leading the way.

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The top six consumer facing chocolate confectionery companies held more than 55% of global market share, with the top three alone (Mars, Ferrero and Mondelez) holding more than 30% share. These companies, known for brands like Cadbury, Mars, Ferrero Rocher, and KitKat, differentiate themselves through brand credibility, high-quality products, innovation, wide distribution networks, and effective marketing strategies.

They respond to consumer interests by continuously innovating in flavors, packaging, and product formats, including premium and dark chocolate offerings. Sustainability is also crucial, with companies like Waterbridge Belgian Chocolate and major cocoa grinders emphasizing ethical sourcing.

Artisanal and local brands offer unique, gourmet experiences and cater to health-conscious and ethically-minded consumers. Recent brand developments highlight a focus on health-conscious, premium, and ethical offerings, such as The Hershey Company’s acquisition of ‘better-for-you’ brand Lily’s and Barry Callebaut’s innovative 2nd Generation Chocolate.

Further, key players in the chocolate confectionery market are:

  • Mondelez International Inc
  • Nestle SA
  • Meiji Holdings Co., Ltd.
  • Hershey Co
  • Chocoladefabriken Lindt & Sprungli AG
  • Ezaki Glico Co., Ltd.
  • Barry Callebaut
  • Mars Inc
  • Ferrero International SA
  • Yildiz Holding (Pladis Global)
  • CEMOI Group
  • Orion Group (Orion Confectionery)
  • August Storck KG

The major players constantly innovate with new flavors and products, with recent examples including Mondelez’s plant bar flavors and seasonal launches. Major players invest in research, development, distribution networks, and appealing packaging.

Recent partnerships include Hershey’s agreement with Barry Callebaut and Mondelez’s acquisition of Ricolino. These actions showcase the dynamic nature of the chocolate confectionery market and the ongoing efforts to meet consumer demands.

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Key Attributes:

Report Attribute Details
No. of Pages 183
Forecast Period 2023 – 2028
Estimated Market Value (USD) in 2023 $145.12 Billion
Forecasted Market Value (USD) by 2028 $186.99 Billion
Compound Annual Growth Rate 5.2%
Regions Covered Global

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Global Market Analysis
3.1 Global Chocolate Confectionery Market: An Analysis
3.1.1 Global Chocolate Confectionery Market: An Overview
3.1.2 Global Chocolate Confectionery Market by Value
3.1.3 Global Chocolate Confectionery Market by Category (Tablets / Molded Bars, Countlines, Boxed Assortments, Chocolates Pouches and Bags, Seasonal Chocolates, Chocolates with Toys, and Others)
3.1.4 Global Chocolate Confectionery Market by Product Type (Milk Chocolates, Dark Chocolates, and White Chocolates)
3.1.5 Global Chocolate Confectionery Market by Price Point (Economy, Mid-Range, and Luxury)
3.1.6 Global Chocolate Confectionery Market by Age Group (Adult, Children, and Geriatrics)
3.1.7 Global Chocolate Confectionery Market by Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, Specialty Stores, E-commerce, Duty-free Stores, and Others)
3.1.8 Global Chocolate Confectionery Market by Region (Europe, North America, Asia Pacific, Latin America, and Middle East & Africa)
3.2 Global Chocolate Confectionery Market: Category Analysis
3.3 Global Chocolate Confectionery Market: Product Type Analysis
3.4 Global Chocolate Confectionery Market: Price Point Analysis
3.5 Global Chocolate Confectionery Market: Age Group Analysis
3.6 Global Chocolate Confectionery Market: Distribution Channel Analysis

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4. Regional Market Analysis

5. Impact of COVID-19
5.1 Impact of COVID-19 on Global Chocolate Confectionery Market
5.2 Post-COVID-19 Impact on Global Chocolate Confectionery Market

6. Market Dynamics
6.1 Growth Driver
6.1.1 Rapid Urbanization
6.1.2 Growth Of E-commerce
6.1.3 Rising Disposable Income
6.1.4 Health and Wellness Trends
6.1.5 Gifting Culture and Festive Celebrations
6.1.6 Marketing and Branding Initiatives
6.2 Challenges
6.2.1 Fluctuating Raw Material Costs
6.2.2 Regulatory Changes
6.2.3 Health Concerns
6.3 Market Trends
6.3.1 Artificial Intelligence (AI) and Data Analytics
6.3.2 Growing Integration of AR and VR
6.3.3 Technological Innovations
6.3.4 Sustainable Practices
6.3.5 Expansion Into New Product Categories, Personalization & Customization, and Exotic & Novel Flavors
6.3.6 Continued Momentum Of ‘Snacking Culture’
6.3.7 Out Of Home Consumption
6.3.8 Vegan Products, Reduced-sugar And Sugar-free Chocolate Confectionery
6.3.9 Increasing Demand for Premium Chocolate Confectionery

7. Competitive Landscape
7.1 Global Chocolate Confectionery Market Players: Competitive Landscape
7.2 Global Chocolate Confectionery Players by Market Share
7.3 Global Chocolate Confectionery Players by Brand Share
7.4 The US Chocolate Confectionery Players by Market Share

8. Company Profiles

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For more information about this report visit https://www.researchandmarkets.com/r/k22wv8

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Artificial Intelligence

Grant Cardone Lists $42M Miami Mansion on Blockchain Real Estate Platform Propy

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American best-selling author, businessman, and investor chooses Propy’s onchain real estate platform to list Golden Beach, Florida, house.
MIAMI, July 2, 2024 /PRNewswire/ — Propy, a technology company revolutionizing real estate via blockchain and AI, today announced that high-profile American entrepreneur Grant Cardone has listed a Golden Beach, Florida, private property for sale on Propy’s blockchain-based real estate platform with an asking price of $42,000,000 accepting cryptocurrency. This marks the first venture into emerging technologies in proptech for Cardone, a serial founder, best-selling author, equity fund manager, and business and real estate investor. The home is listed on the Propy marketplace with the deed minted onchain.

Propy simplifies the home-purchasing experience and eliminates fraudulent transactions by using a decentralized title registry and an escrow settlement protocol for securely storing land records and facilitating transactions, as well as accepting or converting cryptocurrency if a buyer chooses this form of payment. Leveraging the immutability of the blockchain, Propy ensures that buyer and seller private information is secure throughout the transaction. Automating and bringing the entire process online and onchain enables closing on a property to be faster, easier, and more secure than the outdated, traditional real estate transaction model.
Commenting on the listing, Grant Cardone said, “We are all in on blockchain revolutionizing real estate. We are leveraging top-tier technology to make transactions seamless and unstoppable. This is the future of real estate, and we’re leading the charge!” 
The private address is minted on PropyKeys protocol – an onchain tokenized address market developed on the Base network (Coinbase Layer 2 on Ethereum). PropyKeys brings real estate onchain through NFT home addresses and aims to bring one million home addresses onchain by 2025. The Propy marketplace also grants prospective buyers the option to pay using Bitcoin or US dollars.
Natalia Karayaneva, Founder and CEO of Propy, said, “It is a privilege for us to be the platform of choice for high-end property sellers, enhancing our offering to our community of high net-worth individuals, investors, and crypto buyers. With Propy’s advanced blockchain rails, compliant crypto and dollar payments, and unwavering focus on privacy, our clients can confidently navigate the closing process. The inclusion of Cardone’s listing in BTC and USD on Propy, minted with our latest privacy deed feature, highlights our leadership in the intersection of real estate and crypto.”
Additional details on the Cardone property are available on Propy’s website. Interested parties should contact the listing agent for viewings and further details.
Natalia Karayaneva, Founder and CEO of Propy, is available for interview upon request.
About Propy:
Propy is a US-licensed title company and a pioneering platform leveraging blockchain and AI technology to facilitate seamless transactions of real-world assets (RWA), specifically focused on revolutionizing global real estate markets. As an industry leader, Propy specializes in providing secure and efficient solutions, ensuring an enhanced experience for buying and selling properties worldwide.
Website | Facebook | X 
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DataLend: Securities Lending Revenue Down 16% Year-Over-Year to $2.53 Billion in Q2 2024

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Global revenue declines year-over-year due to lagging equities performance in the U.S. and EMEA
NEW YORK, July 2, 2024 /PRNewswire/ — The global securities finance industry generated $2.53 billion in revenue for lenders in the second quarter of 2024, according to DataLend, the market data service of fintech EquiLend. The figure represents a 16% decrease from the $3.00 billion generated in Q2 2023.

Global broker-to-broker activity, where broker-dealers lend and borrow securities from each other, generated an additional $696 million in revenue during Q2, a 9% decrease year-over-year.
Regionally, equity revenue fell 33% in EMEA and 19% in North America compared to the same period last year. A 22% decline in fees in North America and a 23% dip in EMEA accounted for the majority of the decreased revenue. Equity revenue in APAC increased 8% thanks to a 13% increase in fees.
Global fixed income performance declined by 11% in Q2 year-over-year. While revenue from government securities was roughly flat, corporate debt revenue fell by 32%, a regression of a trend which saw corporate bonds running hot through much of 2022 and 2023.
In June 2024, the global securities finance industry generated $790 million in revenue for lenders. The figure represents a 11% decrease year-over-year from the $888 million generated in June 2023. Broker-to-broker activity totaled an additional $207 million in revenue in June, also an 11% decrease year-over-year.
The top five earners in June 2024 were Lucid Group (LCID US), Trump Media & Technology Group (DJT US), Canopy Growth Corporation NPV (CGC US & WEED CN), Beyond Meat Inc. (BYND US) and ImmunityBio Inc. (IBRX US). In total, the group generated $56 million in revenue in the month.
Bloomberg Terminal users can subscribe to EquiLend’s exclusive Orbisa securities lending data by entering terminal shortcut APPS ORBISA or clicking the following link: https://blinks.bloomberg.com/screens/apps%20orbisa.
About DataLend 
DataLend, the market data service within EquiLend’s Data & Analytics Solutions group, tracks daily market movements across more than 200,000 securities, covering $35 trillion in lendable assets and $2.6 trillion in on-loan assets for the securities finance market. www.datalend.com
About EquiLend
EquiLend is a global financial technology firm offering Trading, Post-Trade, Data & Analytics, RegTech and Platform Solutions for the securities finance industry. With offices in North America, EMEA and Asia-Pacific, EquiLend operates across various jurisdictions worldwide, adhering to the highest regulatory standards. The company is committed to excellence and innovation and is consistently recognized for its contributions to the industry. EquiLend is Great Place to Work Certified™ in the U.S., UK, Ireland and India and has been honored as the Best Post-Trade Service Provider Globally, Best Market Data Provider Globally and for its outstanding Diversity & Inclusion initiatives in the Securities Finance Times Industry Excellence Awards 2023. www.equilend.com
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Endpoint Security Market to Transcend USD 36.01 billion by 2031 Owing to Cutting-Edge Cybersecurity in Safeguarding Online Infrastructure| SkyQuest Technology

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WESTFORD, Mass., July 2, 2024 /PRNewswire/ — According to SkyQuest, the global Endpoint Security Market size was valued at USD 10.40 billion in 2022 and is poised to grow from USD 11.94 billion in 2023 to USD 36.01 billion by 2031, growing at a CAGR of 14.8% in the forecast period (2024-2031).

Organizations use advanced security solutions as their first line of defense in cybersecurity to protect their company network infrastructure. Market expansion is anticipated as Bring Your Own Device (BYOD) policies are implemented more frequently. For instance, the web threat intelligence detection XDR solution FortiXDR was introduced by Fortinet, Inc. BlackBerry Limited introduced the managed detection and response (MDR) service in a similar manner. Additionally, for endpoint security, Broadcom, Inc. has introduced Adaptive Protection. Solutions are heavily reliant on emerging technology, including cloud computing, artificial intelligence (AI), the Internet of Things (IoT), and others.
Download a detailed overview:
https://www.skyquestt.com/sample-request/endpoint-security-market
Endpoint Security Market Overview: 
Report Coverage 
Details 
Market Revenue in 2023 
$ 11.94 billion 
Estimated Value by 2031 
$ 36.01 billion 
Growth Rate 
Poised to grow at a CAGR of 14.8% 
Forecast Period 
2024–2031 
Forecast Units 
Value (USD Billion) 
Report Coverage 
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends 
Segments Covered 
Component, Enforcement Point, Enterprise Size, End-User and Deployment
Geographies Covered 
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights 
Updated financial information / product portfolio of players 
Key Market Opportunities 
Rising Number of Connected Devices
Key Market Drivers 
Rising trend of BYOD 
Segments covered in Endpoint Security Market are as follows:
ComponentSolutions (Endpoint Protection Platform (EPP) (Antivirus, Anti-Spyware/Anti-Malware, Firewall, Endpoint Device Control, Intrusion Prevention, Endpoint Application Control, Others), Endpoint Detection and Response (EDR)), Services (Professional Services (Training and Consulting, Integration and Implementation, Support and Maintenance), Managed Services)Enforcement PointWorkstations, Mobile Devices, Servers, Point of Sale Terminals, OthersEnterprise SizeLarge Enterprises, Small and Medium Enterprises (SMEs)End-UserGovernment & Public Sector, BFSI, Healthcare, IT & Telecom, Transportation, Education, Manufacturing, Retail & e-commerce, OthersDeploymentCloud, and On-PremiseRequest Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/endpoint-security-market
Large Enterprises Redefining Endpoint Security in Global Arena
The worldwide endpoint security market is shaped in large part by the size of the enterprise. The need for comprehensive and scalable solutions is generally driven by large organisations, whilst small and medium-sized enterprises (SMEs) prioritise cost-effective security measures that are suited to their specific needs. Market strategies and product development are influenced by this segmentation to effectively meet the diverse needs and budgets of organisations.
Large corporations have a great deal of influence in the global endpoint security market, owing to their sizable financial backing for all-encompassing cybersecurity solutions. By fitting by the artificial intelligence and machine learning technology as well as having the wide network infrastructure and following to regulation guidelines strictly, they hold an exclusive position to enhance ingenuity and expand market and at the same time set up security standards in the industry.
SMEs being small and financially limited create a big part of the world’s endpoint security demand driving demand for trustworthy, low-priced security solutions. Small and financially constrained firms need help protecting themselves from cyber threats as they tend to adopt new tech fast, yet they face higher risks of online attacks. This is due to SMEs are quick in adopting new technologies but are also at risk from online attacks.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/endpoint-security-market
Optimizing Performance through Strategic Deployment in Endpoint Security
Deployment in the worldwide endpoint security sector signifies the activities involving placing security systems into operation and orchestrating these solutions across various networks and gadgets. It is proverbial that deploying well means better protection from cyber-attacks, fewer weak points, more speed thereby preserving invaluable information for all organizations worldwide.
In the worldwide endpoint security industry, on-premises deployment gives users more control and customisation by installing security solutions directly on local servers and devices. This method is critical for companies with strict regulations on data security since it ensures that they adhere to legal requirements, directly control their sensitive information thereby upholding strong security and operational integrity.
In the worldwide endpoint security industry, cloud deployment uses remote servers to offer flexible, scalable security solutions. This approach is central in enabling organization to promptly respond to fresh dangers, reduce infrastructure budget and maintain reliable real time security on all endpoints as it is easy to incorporate, affordable and allows immediate updates.
Crucial Role of Enterprise Size and Advanced Deployment Strategies To turn Fruitful
Modern advanced security solutions are essential for safeguarding organisational network infrastructures in the quickly changing digital landscape of today. The increased spread of BYOD policies is driving demand for such cutting-edge solutions as Broadcom’s Adaptive Protection, BlackBerry’s MDR, and Fortinet’s FortiXDR. Advanced technology adoption, compliance, and scalability are key priorities for big enterprises, which use their large resource bases, while small and midsize businesses are pushing for good quality and affordable cybersecurity solutions. Efficient implementation, regardless of on-premises or cloud-based options, guarantees all-encompassing security and uninterrupted operations, providing defence against the continuously increasing risk of cyberattacks.
Related Reports:
Cyber Security Market
Network Security Market
Managed Security Services Market
Cloud Security Market
Application Security Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 
Contact:Mr. Jagraj SinghSkyQuest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
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