the outlook of canadian premium chocolate market in 2018 to 2032 is expected to remain strong and is projected to experience continual growth over the upcoming years. this is primarily owing to rising demand from the chocolate lovers in canada and also because of increased awareness of health benefits associated with dark chocolates. along with this, a shift in consumption from packaged and quick-service foods towards healthier snacks has been observed, leading to increased demand for premium chocolates. canada is the third largest importer of premium chocolate in the world. this is primarily due to its high quality and dark chocolate varieties, which have become favoured among the canadians. it is estimated that the retail sales of premium chocolate in canada will reach an estimated amount of $1.2 billion by the end of 2018. this figure is projected to increase to $2.3 billion by 2032. this can be mainly attributed to an increasing trend of health-consciousness among the consumers, as dark chocolates are rich in minerals and thought to possess several health benefits. in addition, the increasing number of chocolate shops in canada is also contributing to the growth of the canadian premium chocolate markets. as more and more chocolate shops are being opened in canada, customers are exposed to a wider range of premium chocolates and can discover new tastes and flavors that aren’t traditionally popular in canada. furthermore, with the launch of several canadian chocolate companies and the entry of some of the leading international players, the market is bound to continue its growth in the forecast period. in addition, with the expansion of e-commerce industry, canadian customers have also started purchasing their chocolate from online stores, which has further boosted the growth of retail sales of premium chocolates. moreover, with the advent of innovative packaging and advertisement trends, the market is projected to grow further in the near future. therefore, with the right combination of factors, the canadian premium chocolate market is expected to remain strong throughout the forecast period of 2018 to 2032, with steady growth predicted. thus, with the right strategies and investments in place, chocolate companies can ensure they get the most out of the potential offered by the canadian premium chocolate market.
