03-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Ruby Chocolate Market By Type (Bars, Flakes, Wafer Thins, Callets, and Others), By Application (Bakery & Pastry, Ice Cream, and Confectionary), and Distribution Channel (Online, and Offline): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Ruby Chocolate Market in 2019 was approximately USD 600.00 Million. The market is expected to grow at a CAGR of around 30.0% and is anticipated to reach around USD 5,000.00 Million by 2026.
Ruby chocolate was invented in the year 2017. Ruby chocolate is a new type of chocolate that has a pinkish hue, extended the industrial color palette afar just dark, white, and milk. The ruby chocolate is prepared from ruby cocoa beans. These are existing vegetal cocoa bean variations that have been recognized as having the right qualities to be treated into ruby chocolate. Ruby chocolates are prepared from the ruby cocoa beans which have characteristic pinkish color and a strong fruity taste. These chocolates are also known as ‘fourth type in chocolate’, which provides an absolutely new taste experience, which is not milky bitter, or sweet. It is mainly a mixture of luscious smoothness and berry-fruitiness. The ruby chocolate is also called as the ‘millennial chocolate’ and ‘first pinkish chocolate’ in the history of the chocolate industry sector.
Browse the full “Ruby Chocolate Market By Type (Bars, Flakes, Wafer Thins, Callets, and Others), By Application (Bakery & Pastry, Ice Cream, and Confectionary), and Distribution Channel (Online, and Offline): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/ruby-chocolate-market-type-bars-flakes-wafer-thins
Increasing consumption of ruby chocolate among consumers is one of the most key factors fueling the growth of the global ruby chocolate market. The global ruby chocolate market is expected to grow owing to the in-demand by increasing customer awareness and an extensive focus on research and development by key players. Ruby chocolate reveals amazing taste experiences because of its unique fresh berry taste. It provides innovative ideas for the next generation of the bakery, confectionery, desserts, and ice-creams. These are the key factors that are anticipated to witness significant growth in the global ruby chocolate market in the upcoming years. For the production of ruby chocolates require the getting of ruby chocolate patent rights that may hamper the market’s growth. Research and development, innovations activities in the technology of the ruby chocolate and increased investment in chocolate industries are anticipated to open new avenues for the ruby chocolate market in the near future.
On the basis of form, the global ruby chocolate market is segmented as bars, flakes, wafer thins, callets, and others. Among which bars segment was accounted for the major revenue share in the global ruby chocolate market in 2019. The innovation in the ruby chocolate in recent years is expected to positively impact segment growth. In 2019, the bars segment was accounted for around 60% of the global ruby chocolate industries.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 600.00 Million |
Projected Market Size in 2026 |
USD 5,000.00 Million |
CAGR Growth Rate |
CAGR 30% |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
NESTLE, Leonidas, PRESTAT, Barry Callebaut, AANI & DANI, Rococo Chocolates, Oilean Chocolates., among others. . |
Key Segment |
By Form, Application, Sales Channel and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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On the basis of application, the global Ruby Chocolate market is categorized into bakery & pastry, ice cream, and confectionery. Among the aforementioned segment, the confectionery segment was accounted for more than 80.0% revenue share in 2019. The growing number of eco-conscious consumers is driving the demand for sustainable candy products with improved nutrition. The top confectionary manufacturers are increasingly adopting sustainable and transparent supply chains for delivering a novel experience to their consumers. Limited or no use of artificial additives and the addition of higher quality ingredients are the key trends in the global confectionery industry. A significant shift of consumers towards low sugar and luxury chocolate products is anticipated as a major market opportunity in the coming years.
On the basis of the distribution channel, the global ruby chocolate market is categorized into online, and offline. Among the aforementioned segment, the offline segment was accounted for more than 60.0% revenue share in 2019.
On the basis of region the ruby chocolate market is segmented into, Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. In 2019, the Asia Pacific region dominates the ruby chocolate market among all the regions followed by Europe in terms of value.
Some of the key players operating in the market include NESTLE, Leonidas, PRESTAT, Barry Callebaut, AANI & DANI, Rococo Chocolates, Oilean Chocolates., among others.
This report segments the global Ruby Chocolate market as follows:
Global Ruby Chocolate Market: Form Analysis
- Bars
- Flakes
- Wafer Thins
- Callets
- Others
Global Ruby Chocolate Market: Application Analysis
- Bakery & Pastry
- Ice Cream
- Confectionary
Global Ruby Chocolate Market: Distribution Channel Analysis
Global Ruby Chocolate Market: Regional Analysis
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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