The
global Industrial Chocolate market is projected to reach US$62 billion by 2025,
driven by the robust popularity of affordable, mass-produced confections.
Industrial chocolates have made chocolates an affordable luxury. Chocolates
have emerged to be one of the most successful foods in human history. Humans
and chocolates have a long and serious history that dates back 5000 years to
the Mayo-Chinchipe culture. Today, chocolates have evolved from being the food
of the rich to the masses, a modest luxury for all to enjoy. Industrialization
of chocolates has largely helped achieve this. Economies of scale stemming from
large scale procurement of cocoa and automation of the manufacturing process
from cacao bean to the final chocolate bar have helped reduce price of
chocolates. Unlike boutique chocolates, industrial chocolates are manufactured
with quality that is consistent and repeatable. Today, demand for cheap yet
high quality chocolate continues to be high with chocolate making giants continuously
innovating with portion controlled packaging, sugar-free variants, heart-healthy
dark chocolate and fortified chocolates of unbelievable variety. With a dizzying
array of beautifully packaged bars, industrial chocolate giants such as Hershey
Company, Nestle S.A., Blommer Chocolate Company & Cargill hold a mind share
in the chocolate market despite the rising competition from emerging chocolate
categories. Read More…
The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022
Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system...
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