is a study of the global chocolate market. This report analyzes the global chocolate market on the basis of various products such as dark chocolate, milk chocolate, and white chocolate. The report also analyzes the market on the basis of sales categories such as everyday chocolate, premium chocolate, and seasonal chocolate.
The market has been witnessing a trend of shifting consumer preferences towards the dark and premium chocolate segments. The health benefits of cocoa act as a major driver for the market. The dependence of the chocolate industry on unstable economies for the supply of cocoa along with rising raw material prices act as major restraints for the market. Under the raw materials section, an in-depth analysis of cocoa, sugar, emulsifiers, and flavors has been done with respect to their contribution to the chocolate industry.
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Competitive information includes market shares of leading producers, key developments, and strategies deployed to win. Major companies analyzed in the company profiles section are Nestlé (Switzerland), Barry Callebaut (Switzerland), Kraft Foods (U.S.), Mars (U.S.), Ferrero (Italy), and Hershey (U.S.) among others. The purpose of the report is to highlight points which are actionable for its stakeholders. The report features more than 130 tables and figures, including market numbers, and also forecasts the chocolate market scenario till 2016.
Scope of the report
This research report categorizes the global market for chocolate on the basis of product, sales, category, geography and raw materials; forecasting revenues and analyzing trends in each of the following submarkets:
On the basis of products:Dark chocolate, milk chocolate, white chocolate
On the basis of sales category:Everyday chocolate, premium chocolate, seasonal chocolate
On the basis of geography:North America, Europe,Asia, ROW (Rest of the World)
Each section will provide market data, market drivers, trends and opportunities, top-selling products, key players, and competitive outlook. This report will also provide market tables for covering the sub-segments and micro-markets. In addition, the report also provides 28 company profiles covering all the sub-segments.
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Key questions answered
Which are the high-growth segments/cash cows and how is the market segmented in terms of applications and materials?
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Where are the gaps and opportunities; what is driving the market?
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How is the competitive outlook; who are the main players in each of the segments; what are the key selling products; what are their strategic directives, operational strengths and product pipelines? Who is doing what?
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TABLE OF CONTENTS
1 INTRODUCTION
1.1 KEY TAKEAWAYS
1.2 REPORT DESCRIPTION
1.3 MARKETS COVERED
1.4 STAKEHOLDERS
1.5 RESEARCH METHODOLOGY
1.5.1 MARKET SIZE
1.5.2 SECONDARY SOURCES OF KEY DATA POINTS
1.5.3 ASSUMPTIONS
1.1 KEY TAKEAWAYS
1.2 REPORT DESCRIPTION
1.3 MARKETS COVERED
1.4 STAKEHOLDERS
1.5 RESEARCH METHODOLOGY
1.5.1 MARKET SIZE
1.5.2 SECONDARY SOURCES OF KEY DATA POINTS
1.5.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 MARKET OVERVIEW
3.1 BUSINESS LANDSCAPE OF CHOCOLATE
3.2 CONFECTIONERY MARKET OVERVIEW
3.2.1 CHOCOLATE INDUSTRY ANALYSIS
3.2.2 SWOT ANALYSIS
3.2.2.1 Strengths
3.2.2.1.1 Well established brands
3.2.2.1.2 Broad products and brand portfolio
3.2.2.2 Weaknesses
3.2.2.2.1 Over dependency on West African Countries for cocoa supply
3.2.2.2.2 Lower growth rates in major markets
3.2.2.3 Opportunities
3.2.2.3.1 Lower penetration in developing countries
3.2.2.3.2 Use of chocolate as a functional food
3.2.2.3.3 Organic and fair trade
3.2.2.4 Threats
3.2.2.4.1 Rising counterfeit products
3.2.2.4.2 Changing consumer preferences
3.3 INDUSTRY INSIGHTS
3.3.1 PORTER’S FIVE FORCE ANALYSIS
3.3.1.1 Intensity of rivalry
3.3.1.2 Bargaining power of suppliers
3.3.1.3 Bargaining power of buyers
3.3.1.4 Threat of substitutes
3.3.1.5 Threat of new entrants
3.3.2 WINNING IMPERATIVES
3.3.2.1 Outsourcing non-core functions
3.3.2.2 Inorganic growth through agreements and mergers and acquisitions
3.4 MARKET DYNAMICS
3.4.1 DRIVERS
3.4.1.1 Health benefits of chocolate
3.4.1.2 Large variety of applications
3.4.1.3 Seasonal and festive related sales
3.4.2 RESTRAINTS
3.4.2.1 Highly unstable economies in cocoa producing countries
3.4.2.2 High raw material prices
3.5 PATENT ANALYSIS
3.6 KEY INDUSTRY EVENTS
3.6.1 KRAFT’S ACQUISITION OF CADBURY’S
3.7 ORGANIC CHOCOLATE – NEW AND FAST EMERGING TREND
3.8 CHOCOLATE INDUSTRY EVOLUTION
3.1 BUSINESS LANDSCAPE OF CHOCOLATE
3.2 CONFECTIONERY MARKET OVERVIEW
3.2.1 CHOCOLATE INDUSTRY ANALYSIS
3.2.2 SWOT ANALYSIS
3.2.2.1 Strengths
3.2.2.1.1 Well established brands
3.2.2.1.2 Broad products and brand portfolio
3.2.2.2 Weaknesses
3.2.2.2.1 Over dependency on West African Countries for cocoa supply
3.2.2.2.2 Lower growth rates in major markets
3.2.2.3 Opportunities
3.2.2.3.1 Lower penetration in developing countries
3.2.2.3.2 Use of chocolate as a functional food
3.2.2.3.3 Organic and fair trade
3.2.2.4 Threats
3.2.2.4.1 Rising counterfeit products
3.2.2.4.2 Changing consumer preferences
3.3 INDUSTRY INSIGHTS
3.3.1 PORTER’S FIVE FORCE ANALYSIS
3.3.1.1 Intensity of rivalry
3.3.1.2 Bargaining power of suppliers
3.3.1.3 Bargaining power of buyers
3.3.1.4 Threat of substitutes
3.3.1.5 Threat of new entrants
3.3.2 WINNING IMPERATIVES
3.3.2.1 Outsourcing non-core functions
3.3.2.2 Inorganic growth through agreements and mergers and acquisitions
3.4 MARKET DYNAMICS
3.4.1 DRIVERS
3.4.1.1 Health benefits of chocolate
3.4.1.2 Large variety of applications
3.4.1.3 Seasonal and festive related sales
3.4.2 RESTRAINTS
3.4.2.1 Highly unstable economies in cocoa producing countries
3.4.2.2 High raw material prices
3.5 PATENT ANALYSIS
3.6 KEY INDUSTRY EVENTS
3.6.1 KRAFT’S ACQUISITION OF CADBURY’S
3.7 ORGANIC CHOCOLATE – NEW AND FAST EMERGING TREND
3.8 CHOCOLATE INDUSTRY EVOLUTION
4 GLOBAL CHOCOLATE MARKET BY PRODUCT (2011-2016)
4.1 DARK CHOCOLATE
4.2 MILK CHOCOLATE
4.3 WHITE CHOCOLATE
4.1 DARK CHOCOLATE
4.2 MILK CHOCOLATE
4.3 WHITE CHOCOLATE
5 GLOBAL CHOCOLATE MARKET BY SALES CATEGORY (2011-2016)
5.1 EVERYDAY CHOCOLATE
5.2 PREMIUM CHOCOLATE
5.3 GOURMET CHOCOLATE
5.4 SEASONAL CHOCOLATE
5.1 EVERYDAY CHOCOLATE
5.2 PREMIUM CHOCOLATE
5.3 GOURMET CHOCOLATE
5.4 SEASONAL CHOCOLATE
6 GLOBAL CHOCOLATE MARKET BY GEOGRAPHY (2011-2016)
6.1 NORTH AMERICA
6.1.1 MARKET SIZE AND FORECAST (2011-2016)
6.1.2 OPPORTUNITY ANALYSIS
6.1.3 KEY MARKET PARTICIPANTS
6.1.4 MARKET EVOLUTION
6.1.5 NORTH AMERICAN MARKET BY COUNTRY
6.1.5.1 U.S. Chocolate Market
6.2 EUROPE
6.2.1 MARKET SIZE AND FORECAST (2011-2016)
6.2.2 OPPORTUNITY ANALYSIS
6.2.3 KEY MARKET PARTICIPANTS
6.2.4 MARKET EVOLUTION
6.2.5 EUROPEAN CHOCOLATE MARKET BY COUNTRY
6.2.5.1 French Chocolate Market
6.2.5.2 German Chocolate Market
6.2.5.3 UK Chocolate Market
6.3 ASIA
6.3.1 MARKET SIZE AND FORECAST (2011-2016)
6.3.2 OPPORTUNITY ANALYSIS
6.3.3 KEY MARKET PARTICIPANTS
6.3.4 MARKET EVOLUTION
6.3.5 ASIAN CHOCOLATE MARKET BY COUNTRY
6.3.5.1 Japanese Chocolate Market
6.3.5.2 South Korean chocolate market
6.3.5.3 Chinese Chocolate Market
6.3.5.4 Indian Chocolate Market
6.1 NORTH AMERICA
6.1.1 MARKET SIZE AND FORECAST (2011-2016)
6.1.2 OPPORTUNITY ANALYSIS
6.1.3 KEY MARKET PARTICIPANTS
6.1.4 MARKET EVOLUTION
6.1.5 NORTH AMERICAN MARKET BY COUNTRY
6.1.5.1 U.S. Chocolate Market
6.2 EUROPE
6.2.1 MARKET SIZE AND FORECAST (2011-2016)
6.2.2 OPPORTUNITY ANALYSIS
6.2.3 KEY MARKET PARTICIPANTS
6.2.4 MARKET EVOLUTION
6.2.5 EUROPEAN CHOCOLATE MARKET BY COUNTRY
6.2.5.1 French Chocolate Market
6.2.5.2 German Chocolate Market
6.2.5.3 UK Chocolate Market
6.3 ASIA
6.3.1 MARKET SIZE AND FORECAST (2011-2016)
6.3.2 OPPORTUNITY ANALYSIS
6.3.3 KEY MARKET PARTICIPANTS
6.3.4 MARKET EVOLUTION
6.3.5 ASIAN CHOCOLATE MARKET BY COUNTRY
6.3.5.1 Japanese Chocolate Market
6.3.5.2 South Korean chocolate market
6.3.5.3 Chinese Chocolate Market
6.3.5.4 Indian Chocolate Market
7 RAW MATERIAL ANALYSIS
7.1 COCOA
7.1.1 DRIVERS
7.1.1.1 Growing demand for chocolate
7.1.2 PRICING TREND ANALYSIS
7.1.3 GLOBAL COCOA BEANS SUPPLY ANALYSIS (2010-2016)
7.1.4 COCOA PRODUCTS IMPORT AND EXPORT
7.2 SUGAR
7.2.1 MARKET SIZE AND FORECAST (2010-2015)
7.2.2 MARKET TRENDS
7.2.3 KEY INDUSTRY PARTICIPANTS
7.3 EMULSIFIERS
7.3.1 MARKET SIZE AND FORECAST (2010-2015)
7.3.2 MARKET TRENDS
7.3.3 KEY INDUSTRY PARTICIPANTS
7.4 FLAVORS
7.4.1 MARKET SIZE AND FORECAST (2011-2016)
7.4.2 KEY INDUSTRY PARTICIPANTS
7.1 COCOA
7.1.1 DRIVERS
7.1.1.1 Growing demand for chocolate
7.1.2 PRICING TREND ANALYSIS
7.1.3 GLOBAL COCOA BEANS SUPPLY ANALYSIS (2010-2016)
7.1.4 COCOA PRODUCTS IMPORT AND EXPORT
7.2 SUGAR
7.2.1 MARKET SIZE AND FORECAST (2010-2015)
7.2.2 MARKET TRENDS
7.2.3 KEY INDUSTRY PARTICIPANTS
7.3 EMULSIFIERS
7.3.1 MARKET SIZE AND FORECAST (2010-2015)
7.3.2 MARKET TRENDS
7.3.3 KEY INDUSTRY PARTICIPANTS
7.4 FLAVORS
7.4.1 MARKET SIZE AND FORECAST (2011-2016)
7.4.2 KEY INDUSTRY PARTICIPANTS
8 COMPETITIVE LANDSCAPE
8.1 MARKET SHARE ANALYSIS
8.2 COMPETITIVE SCENARIO
8.1 MARKET SHARE ANALYSIS
8.2 COMPETITIVE SCENARIO
9 COMPANY PROFILES
9.1 BARRY CALLEBAUT
9.1.1 OVERVIEW
9.1.2 PRODUCTS
9.1.3 FINANCIAL OVERVIEW
9.1.4 STRATEGY
9.1.5 RECENT DEVELOPMENTS
9.2 FERRERO
9.2.1 OVERVIEW
9.2.2 PRODUCTS
9.2.3 FINANCIAL OVERVIEW
9.2.4 STRATEGY
9.2.5 RECENT DEVELOPMENTS
9.3 HERSHEY COMPANY
9.3.1 OVERVIEW
9.3.2 PRODUCTS
9.3.3 FINANCIAL OVERVIEW
9.3.4 STRATEGY
9.3.5 RECENT DEVELOPMENTS
9.4 KRAFT FOODS
9.4.1 OVERVIEW
9.4.2 PRODUCTS
9.4.3 FINANCIAL OVERVIEW
9.4.4 STRATEGY
9.4.5 RECENT DEVELOPMENTS
9.5 LINDT & SPRÜNGLI
9.5.1 OVERVIEW
9.5.2 PRODUCTS
9.5.3 FINANCIAL OVERVIEW
9.5.4 STRATEGY
9.5.5 RECENT DEVELOPMENTS
9.6 LOTTE
9.6.1 OVERVIEW
9.6.2 PRODUCTS
9.6.3 FINANCIAL OVERVIEW
9.6.4 STRATEGY
9.6.5 RECENT DEVELOPMENTS
9.7 NESTLE
9.7.1 OVERVIEW
9.7.2 PRODUCTS
9.7.3 FINANCIAL OVERVIEW
9.7.4 STRATEGY
9.7.5 RECENT DEVELOPMENTS
9.8 CHOCOLATES GAROTO S/A
9.8.1 OVERVIEW
9.8.2 PRODUCTS
9.8.3 FINANCIAL OVERVIEW
9.8.4 STRATEGY
9.8.5 RECENT DEVELOPMENTS
9.9 LOTUS CHOCOLATE LTD
9.9.1 OVERVIEW
9.9.2 PRODUCTS
9.9.3 FINANCIAL OVERVIEW
9.9.4 STRATEGY
9.9.5 RECENT DEVELOPMENTS
9.1 MICHEL CLUIZEL
9.10.1 OVERVIEW
9.10.2 PRODUCTS
9.10.3 FINANCIAL OVERVIEW
9.10.4 STRATEGY
9.10.5 RECENT DEVELOPMENTS
9.11 CEMOI
9.11.1 OVERVIEW
9.11.2 PRODUCTS
9.11.3 FINANCIAL OVERVIEW
9.11.4 STRATEGY
9.11.5 RECENT DEVELOPMENTS
9.12 BELCOLADE
9.12.1 OVERVIEW
9.12.2 PRODUCTS
9.12.3 FINANCIAL OVERVIEW
9.12.4 STRATEGY
9.12.5 RECENT DEVELOPMENTS
9.13 SCHARFFEN BERGER
9.13.1 OVERVIEW
9.13.2 PRODUCTS
9.13.3 FINANCIAL OVERVIEW
9.13.4 STRATEGY
9.13.5 RECENT DEVELOPMENTS
9.14 MOONSTRUCK CHOCOLATIER CO.
9.14.1 OVERVIEW
9.14.2 PRODUCTS
9.14.3 FINANCIAL OVERVIEW
9.14.4 STRATEGY
9.14.5 RECENT DEVELOPMENTS
9.15 GHIRARDELLI CHOCOLATE CO.
9.15.1 OVERVIEW
9.15.2 PRODUCTS
9.15.3 FINANCIAL OVERVIEW
9.15.4 STRATEGY
9.15.5 RECENT DEVELOPMENTS
9.16 DIVINE CHOCOLATE LTD.
9.16.1 OVERVIEW
9.16.2 PRODUCTS
9.16.3 FINANCIAL OVERVIEW
9.16.4 STRATEGY
9.16.5 RECENT DEVELOPMENTS
9.17 MARS INC.
9.17.1 OVERVIEW
9.17.2 PRODUCTS
9.17.3 FINANCIAL OVERVIEW
9.17.4 STRATEGY
9.17.5 RECENT DEVELOPMENTS
9.18 ARCHER DANIELS MIDLAND COMPANY
9.18.1 OVERVIEW
9.18.2 PRODUCTS
9.18.3 FINANCIAL OVERVIEW
9.18.4 STRATEGY
9.18.5 RECENT DEVELOPMENTS
9.19 SEATTLE CHOCOLATE COMPANY
9.19.1 OVERVIEW
9.19.2 PRODUCTS
9.19.3 FINANCIAL OVERVIEW
9.19.4 STRATEGY
9.19.5 RECENT DEVELOPMENTS
9.2 GODIVA CHOCOLATIER
9.20.1 OVERVIEW
9.20.2 PRODUCTS
9.20.3 FINANCIAL OVERVIEW
9.20.4 STRATEGY
9.20.5 RECENT DEVELOPMENTS
9.21 RUSSELL STOVER CANDIES INC.
9.21.1 OVERVIEW
9.21.2 PRODUCTS
9.21.3 FINANCIAL OVERVIEW
9.21.4 STRATEGY
9.21.5 RECENT DEVELOPMENTS
9.22 ENDANGERED SPECIES CHOCOLATE COMPANY
9.22.1 OVERVIEW
9.22.2 PRODUCTS
9.22.3 FINANCIAL OVERVIEW
9.22.4 STRATEGY
9.22.5 RECENT DEVELOPMENTS
9.23 LAKE CHAMPLAIN CHOCOLATES
9.23.1 OVERVIEW
9.23.2 PRODUCT
9.23.3 FINANCIAL OVERVIEW
9.23.4 STRATEGY
9.23.5 RECENT DEVELOPMENTS
9.24 MEIJI SEIKA KAISHA LTD.
9.24.1 OVERVIEW
9.24.2 PRODUCTS
9.24.3 FINANCIAL OVERVIEW
9.24.4 STRATEGY
9.24.5 RECENT DEVELOPMENTS
9.25 CHUAO CHOCOLATIER
9.25.1 OVERVIEW
9.25.2 PRODUCTS
9.25.3 STRATEGY
9.25.4 RECENT DEVELOPMENTS
9.26 FRAN’S CHOCOLATES
9.26.1 OVERVIEW
9.26.2 PRODUCTS
9.26.3 STRATEGY
9.26.4 RECENT DEVELOPMENTS
9.27 EZAKI GLICO CO LTD
9.27.1 OVERVIEW
9.27.2 PRODUCTS
9.27.3 FINANCIAL OVERVIEW
9.27.4 STRATEGY
9.27.5 RECENT DEVELOPMENTS
9.28 FUJI OIL CO., LTD
9.28.1 OVERVIEW
9.28.2 PRODUCTS
9.28.3 FINANCIAL OVERVIEW
9.28.4 STRATEGY
9.28.5 RECENT DEVELOPMENTS
9.1 BARRY CALLEBAUT
9.1.1 OVERVIEW
9.1.2 PRODUCTS
9.1.3 FINANCIAL OVERVIEW
9.1.4 STRATEGY
9.1.5 RECENT DEVELOPMENTS
9.2 FERRERO
9.2.1 OVERVIEW
9.2.2 PRODUCTS
9.2.3 FINANCIAL OVERVIEW
9.2.4 STRATEGY
9.2.5 RECENT DEVELOPMENTS
9.3 HERSHEY COMPANY
9.3.1 OVERVIEW
9.3.2 PRODUCTS
9.3.3 FINANCIAL OVERVIEW
9.3.4 STRATEGY
9.3.5 RECENT DEVELOPMENTS
9.4 KRAFT FOODS
9.4.1 OVERVIEW
9.4.2 PRODUCTS
9.4.3 FINANCIAL OVERVIEW
9.4.4 STRATEGY
9.4.5 RECENT DEVELOPMENTS
9.5 LINDT & SPRÜNGLI
9.5.1 OVERVIEW
9.5.2 PRODUCTS
9.5.3 FINANCIAL OVERVIEW
9.5.4 STRATEGY
9.5.5 RECENT DEVELOPMENTS
9.6 LOTTE
9.6.1 OVERVIEW
9.6.2 PRODUCTS
9.6.3 FINANCIAL OVERVIEW
9.6.4 STRATEGY
9.6.5 RECENT DEVELOPMENTS
9.7 NESTLE
9.7.1 OVERVIEW
9.7.2 PRODUCTS
9.7.3 FINANCIAL OVERVIEW
9.7.4 STRATEGY
9.7.5 RECENT DEVELOPMENTS
9.8 CHOCOLATES GAROTO S/A
9.8.1 OVERVIEW
9.8.2 PRODUCTS
9.8.3 FINANCIAL OVERVIEW
9.8.4 STRATEGY
9.8.5 RECENT DEVELOPMENTS
9.9 LOTUS CHOCOLATE LTD
9.9.1 OVERVIEW
9.9.2 PRODUCTS
9.9.3 FINANCIAL OVERVIEW
9.9.4 STRATEGY
9.9.5 RECENT DEVELOPMENTS
9.1 MICHEL CLUIZEL
9.10.1 OVERVIEW
9.10.2 PRODUCTS
9.10.3 FINANCIAL OVERVIEW
9.10.4 STRATEGY
9.10.5 RECENT DEVELOPMENTS
9.11 CEMOI
9.11.1 OVERVIEW
9.11.2 PRODUCTS
9.11.3 FINANCIAL OVERVIEW
9.11.4 STRATEGY
9.11.5 RECENT DEVELOPMENTS
9.12 BELCOLADE
9.12.1 OVERVIEW
9.12.2 PRODUCTS
9.12.3 FINANCIAL OVERVIEW
9.12.4 STRATEGY
9.12.5 RECENT DEVELOPMENTS
9.13 SCHARFFEN BERGER
9.13.1 OVERVIEW
9.13.2 PRODUCTS
9.13.3 FINANCIAL OVERVIEW
9.13.4 STRATEGY
9.13.5 RECENT DEVELOPMENTS
9.14 MOONSTRUCK CHOCOLATIER CO.
9.14.1 OVERVIEW
9.14.2 PRODUCTS
9.14.3 FINANCIAL OVERVIEW
9.14.4 STRATEGY
9.14.5 RECENT DEVELOPMENTS
9.15 GHIRARDELLI CHOCOLATE CO.
9.15.1 OVERVIEW
9.15.2 PRODUCTS
9.15.3 FINANCIAL OVERVIEW
9.15.4 STRATEGY
9.15.5 RECENT DEVELOPMENTS
9.16 DIVINE CHOCOLATE LTD.
9.16.1 OVERVIEW
9.16.2 PRODUCTS
9.16.3 FINANCIAL OVERVIEW
9.16.4 STRATEGY
9.16.5 RECENT DEVELOPMENTS
9.17 MARS INC.
9.17.1 OVERVIEW
9.17.2 PRODUCTS
9.17.3 FINANCIAL OVERVIEW
9.17.4 STRATEGY
9.17.5 RECENT DEVELOPMENTS
9.18 ARCHER DANIELS MIDLAND COMPANY
9.18.1 OVERVIEW
9.18.2 PRODUCTS
9.18.3 FINANCIAL OVERVIEW
9.18.4 STRATEGY
9.18.5 RECENT DEVELOPMENTS
9.19 SEATTLE CHOCOLATE COMPANY
9.19.1 OVERVIEW
9.19.2 PRODUCTS
9.19.3 FINANCIAL OVERVIEW
9.19.4 STRATEGY
9.19.5 RECENT DEVELOPMENTS
9.2 GODIVA CHOCOLATIER
9.20.1 OVERVIEW
9.20.2 PRODUCTS
9.20.3 FINANCIAL OVERVIEW
9.20.4 STRATEGY
9.20.5 RECENT DEVELOPMENTS
9.21 RUSSELL STOVER CANDIES INC.
9.21.1 OVERVIEW
9.21.2 PRODUCTS
9.21.3 FINANCIAL OVERVIEW
9.21.4 STRATEGY
9.21.5 RECENT DEVELOPMENTS
9.22 ENDANGERED SPECIES CHOCOLATE COMPANY
9.22.1 OVERVIEW
9.22.2 PRODUCTS
9.22.3 FINANCIAL OVERVIEW
9.22.4 STRATEGY
9.22.5 RECENT DEVELOPMENTS
9.23 LAKE CHAMPLAIN CHOCOLATES
9.23.1 OVERVIEW
9.23.2 PRODUCT
9.23.3 FINANCIAL OVERVIEW
9.23.4 STRATEGY
9.23.5 RECENT DEVELOPMENTS
9.24 MEIJI SEIKA KAISHA LTD.
9.24.1 OVERVIEW
9.24.2 PRODUCTS
9.24.3 FINANCIAL OVERVIEW
9.24.4 STRATEGY
9.24.5 RECENT DEVELOPMENTS
9.25 CHUAO CHOCOLATIER
9.25.1 OVERVIEW
9.25.2 PRODUCTS
9.25.3 STRATEGY
9.25.4 RECENT DEVELOPMENTS
9.26 FRAN’S CHOCOLATES
9.26.1 OVERVIEW
9.26.2 PRODUCTS
9.26.3 STRATEGY
9.26.4 RECENT DEVELOPMENTS
9.27 EZAKI GLICO CO LTD
9.27.1 OVERVIEW
9.27.2 PRODUCTS
9.27.3 FINANCIAL OVERVIEW
9.27.4 STRATEGY
9.27.5 RECENT DEVELOPMENTS
9.28 FUJI OIL CO., LTD
9.28.1 OVERVIEW
9.28.2 PRODUCTS
9.28.3 FINANCIAL OVERVIEW
9.28.4 STRATEGY
9.28.5 RECENT DEVELOPMENTS
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