Food Industry: Characteristics Of The Indian Chocolate Industry

Chocolate was previously considered a “delectable symbol of luxury, wealth, and power” (Klein) in the 1500s. Using modern technology, it is now easily produced. While

The premium chocolate industry is a large market in the United States and continues to grow around 10% annually. It is also populated with very strong

Agriculture is a huge part of the United States as about twenty two million people in the United States work in either producing or trading the produce. Every hour a United States company signs for about six million dollars worth of produce to be shipped to a foreign market. This is called commercial agriculture. Commercial agriculture is growing food for the purpose of selling it. This is different from subsistence agriculture which is the growing of food for the purpose of feeding yourself

In India there is a major problem for chocolate industry as the Air-condition supermarkets are

While Europe and the United States account for most chocolate consumption, the confection is growing in popularity in Asia and market forecasts are optimistic about the prospects in China and India (Nieburg, 2013, para 9). According to the CNN Freedom Project, the chocolate industry rakes in $83 billion a year, surpassing the Gross Domestic Product of over a hundred nations (“Who consumes the most chocolate,” 2012, para 3).

The situation of global chocolate always causes wide attention since 2007. As could be seen in figure 1 and 2, it seems that the situation of chocolate shortages is a recent problem. The peak of this trend showed in November 2014. According to Walters (2015, p.4), chocolate shortage is happened all over the world. It is believed that this situation might get worse by chocolate makers. It was predicted that the deficit of chocolate could attain more than a million tons in 2020. The shortages of global chocolate could causes lager effects in many fields such as social, economic and food industrial field because chocolate is a very popular food or raw material. In this report, some results would be enumerated and compared by the empirical evidences to discuss what would need to be done for facing global chocolate shortages. The discussion consisted by factors of reasons, the economic effects and some alternatives of chocolate.

The confectionery market consists of the sale of sugar confectionery and chocolate confectionery or other cocoa products. The Australian confectionery market has remained strong

With the increasing trend in healthy diet preference, the underlying drivers of change of competition in premium chocolate industry at the strongest level are the buyers’ preferences for differentiated, refined products, instead of standardized ordinary products that are no longer demanded. In addition, baby boomers - generation with their disposable income are spending a lot on high quality premium chocolates.

The premium chocolate market has been growing at 20% annually, showing that buyers are willing to pay more for a better tasting and better quality chocolate. The declining growth of the overall chocolate market and rapid growth of the premium chocolate market is positive for current producers of premium chocolates in that the decline

What is agriculture? According to Webster’s dictionary, it is “the science, art, or practice of cultivating the soil, producing crops, and raising livestock and in varying degrees the preparation and marketing of the resulting products.” Okay, so it is simply farming and whatnot? Wrong. Well, that is

The company has to consider developing its chocolate product lines to attract new customers while maintain the current customers. This is an important strategy to beating the high competition it faces (Thorntons PLC,

Farming is one of the most important activity going on in the world. Farming is a primary industry and primary industries are the jobs that supply the bare items like; Corn , wheat , coal , water , wood and many more. A farm is a large piece of land where farmers work on the land to plant and then harvest the bare resources.

Farmers are one of the most useful people since the beginning of civilization. People all over the globe depend upon agriculture to meet their requirement for food. Food becomes available because the farmer grows crops and carries on their agricultural activities. Although they feed the entire humanity, their life conditions are far from what is called easy.

Chocolate production industry has evolved in to extremely large business. 40 to 50 million people all around the world depends their livelihood on manufacturing chocolates. Not only this, farmers produce 3.8 million tons of cocoa beans every year. Back behind, chocolate was a bitter drink made form cacao flesh. It has similarity to modern-day

The social demand for chocolate varies for several reasons. One of which is a change in the level of the population. The population of the UK is aging, people are living longer and there are a lower percentage of children. This would indicate that although the population is increasing because of people living longer there are fewer children, which is the main consumer for the chocolate industry resulting in less demand for the product.