World News: 15:12 GMT Thursday 6th December 2018. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Dec. 06, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering.
Analysts have predicted that the truffles chocolate market will grow at a CAGR of almost 9% by 2022.
The improving lifestyle of consumers because of rising disposable income and growing health consciousness is driving the demand for premium and luxurious confectionery items. To align themselves with changing consumer preferences, manufacturers of confectionary products like pralines and truffles are experimenting with new flavors and ethnic ingredients.
For example. in 2017. Ferrero acquired a premium confections brand named Fannie May to expand its footprints in the premium confectionery products market. Some of the well-known brands offering premium confections in truffles category include Ferrero Rocher and LINDOR.
Cocoa is the important component for manufacturing truffle chocolate, which has been witnessing a fluctuating price range from the past decade. The volatile price of cocoa makes the chocolate production cost more volatile.
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY PRODUCT
PART 08: CUSTOMER LANDSCAPEPART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORKPART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
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Related Topics: Chocolate and Cocoa Products
Globe Newswire: 15:12 GMT Thursday 6th December 2018
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