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Chocolate Industry: Emerging Trends
Entertainment
Healthy oriented
Unique flavor
Artisanal manufacturing
Craft packaging
by Anastasia Aleksandra Gostinova & Karina Djakonova
TSI: Industry Analysis (Prof. Rubens)
2
Cross-industry trends
Medicine&beauty
by Anastasia Aleksandra Gostinova & Karina
Djakonova
3
Medicine&beauty industry
handmade chocolate startups
chocolate facial treatment
probiotic chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
4
Cross-industry trends
Entertainment
by Anastasia Aleksandra Gostinova & Karina
Djakonova
5
Entertainment industry
handmade chocolate startups
chocolate tasting events
chocolate fashion show
by Anastasia Aleksandra Gostinova & Karina
Djakonova
6
Cross-industry trends
Technologies
by Anastasia Aleksandra Gostinova & Karina
Djakonova
7
Technologies industry
handmade chocolate startups
special chocolate bar
Android x KitKat
DoCoMo x Q-pot
special telephone design
by Anastasia Aleksandra Gostinova & Karina
Djakonova
8
Cross-industry trends
Communication
by Anastasia Aleksandra Gostinova & Karina
Djakonova
9
Communication industry
handmade chocolate startups
chocolate postcards
posted through letterboxes in a bid
by Anastasia Aleksandra Gostinova & Karina
Djakonova
10
Collaborations ideas
with fashion industry
chocolate goods
by Anastasia Aleksandra Gostinova & Karina
Djakonova
Belgian invention - stimulant for parties
11
Collaborations ideas
with entertainment industry
by Anastasia Aleksandra Gostinova & Karina
Djakonova
12
with art industry
3D printed chocolate
Collaborations ideas
by Anastasia Aleksandra Gostinova & Karina
Djakonova
13
How to make chocolate
Cross-industries opportunities
E-Learn
by Anastasia Aleksandra Gostinova & Karina
Djakonova
14
Chocolate industry TOP trends
Flavor innovation
by Anastasia Aleksandra Gostinova & Karina
Djakonova
15
Chocolate industry TOP trends
Health benefits
by Anastasia Aleksandra Gostinova & Karina
Djakonova
16
Chocolate industry TOP trends
Manual labor
by Anastasia Aleksandra Gostinova & Karina
Djakonova
17
Chocolate industry TOP trends
Handmade, premium chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
18
Chocolate industry TOP trends
Uniqueness
by Anastasia Aleksandra Gostinova & Karina
Djakonova
19
Chocolate industry TOP trends
Natural ingredients
by Anastasia Aleksandra Gostinova & Karina
Djakonova
20
Details
by Anastasia Aleksandra Gostinova & Karina
Djakonova
21
Most popular strategies of handmade chocolate companies
♥ creative packaging
♥ healthy snack
♥ see how it happening
♥ create a custom
by Anastasia Aleksandra Gostinova & Karina
Djakonova
22
Healthy oriented startups
THE VELVET CHOCOLATIER
kosher chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
23
Healthy oriented startups
iQ Chocolate
allergen free chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
24
Healthy oriented startups
GOODIO
organic chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
25
Healthy oriented startups
Vibrant Chocolate
vitamin-fortified chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
26
Healthy oriented startups
KUTOA
vegan raw chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
27
Healthy oriented startups
Fitmeals
protein chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
28
Healthy oriented startups
Adam’s Fresh Chocolate
organic raw chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
29
Healthy oriented startups
Ethicoco
vegan chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
30
Healthy oriented startups
Blue Planet
probiotic chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
31
Healthy oriented startups
Coco Dolce by The Free Food Co.
healthy chocolate fix
by Anastasia Aleksandra Gostinova & Karina
Djakonova
32
Healthy oriented startups
Essy and Bella
dairy-free chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
33
Healthy oriented startups
Health by Chocolate Bakery
high in protein and low in fat and carbs
chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
34
Unique flavor startups
Herza
vegetable chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
35
Unique flavor startups
La Suissa
Italian tastes chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
36
Unique flavor startups
Fannie May
unique recipe
by Anastasia Aleksandra Gostinova & Karina
Djakonova
37
Unique flavor startups
Sylvain Musquar
crickets on chocolates
by Anastasia Aleksandra Gostinova & Karina
Djakonova
38
Unique flavor startups
McClain's Old Florida Gourmet
Florida specialties chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
39
Unique flavor startups
1906
marijuana-infused chocolates
by Anastasia Aleksandra Gostinova & Karina
Djakonova
40
Unique flavor startups
Maza
sweetened with organic palmyra nectar
by Anastasia Aleksandra Gostinova & Karina
Djakonova
41
Unique flavor startups
IKA Chocolate
Gold at World Chocolate Awards for Za’atar-
Flavored Truffle
by Anastasia Aleksandra Gostinova & Karina
Djakonova
42
Unique flavor startups
NomNom
cocoa is always sourced from a single region
by Anastasia Aleksandra Gostinova & Karina
Djakonova
43
Artisanal manufacturing startups
Piq Chocolates
own 3D design chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
44
Artisanal manufacturing startups
Happiness Bars
own flavor chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
45
Artisanal manufacturing startups
Ruby chocolate
pink chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
46
Artisanal manufacturing startups
India
custom printed chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
47
Artisanal manufacturing startups
Candy Mechanics
chocolate gift cards
by Anastasia Aleksandra Gostinova & Karina
Djakonova
48
Artisanal manufacturing startups
GEMBLOUX
3D printed chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
49
Craft packaging startups
De Villiers
artisan chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
50
Craft packaging startups
Theo and Philo Chocolate Factory
single origin Philippine chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
51
Craft packaging startups
Chocolate risa
elegantly packaged chocolate
by Anastasia Aleksandra Gostinova & Karina
Djakonova
52
Craft packaging startups
The Candy Bouquet LLC
candy bouquet
by Anastasia Aleksandra Gostinova & Karina
Djakonova
53
Special delivery startups
CHOCOCURB
luxury chocolate delivery
by Anastasia Aleksandra Gostinova & Karina
Djakonova
54
Special delivery startups
Love Cocoa
posted through letterboxes in a bid
by Anastasia Aleksandra Gostinova & Karina
Djakonova
55
Entertainment startups
Seattle Luxury Chocolate Salon
chocolate tasting events
by Anastasia Aleksandra Gostinova & Karina
Djakonova
56
Entertainment startups
Cocoba
café that offering over 50 high quality Belgian
chocolate products
by Anastasia Aleksandra Gostinova & Karina
Djakonova
57
Entertainment startups
AndroidXKitKat
special chocolate bar
by Anastasia Aleksandra Gostinova & Karina
Djakonova
58
Thanks for Your attention!
by Anastasia Aleksandra Gostinova & Karina
Djakonova
59
Sources used:
SBDCNet, 2006
http://www.sbdcnet.org/small-business-research-reports/gourmet-chocolate
Ganesh Rajput, 2014
http://insightmarketreports.blogspot.com/2014/02/global-chocolate-market-worth-983.html
Karianna Haasch, 2015
http://www.mechtron.com/blog/challenges-for-chocolate-brands/
CSP, 2016
http://www.cspdailynews.com/category-news/snacks-candy/articles/premium-chocolate-driving-us-sales-growth
Roy Morgan, 2016
http://www.roymorgan.com/findings/more-aussies-chomping-on-chocolate-201603212333
Mintel, 2016
http://www.mintel.com/press-centre/food-and-drink/chocolate-eaters-full-of-beans-consumers-around-the-world-value-the-
psychological-benefits-of-the-treat
FranchiseHelp, 2017
http://www.mintel.com/press-centre/food-and-drink/chocolate-eaters-full-of-beans-consumers-around-the-world-value-the-
psychological-benefits-of-the-treat
Douglas Yu, 2016
http://www.confectionerynews.com/Manufacturers/4-key-chocolate-and-cocoa-trends-for-2017-Cargill
Vreeland & Associates, 2016
http://www.vreelandassociates.com/2015-us-chocolate-sales-up-3-1-premium-up-9/
FranchiseHelp, 2017
http://www.mintel.com/press-centre/food-and-drink/chocolate-eaters-full-of-beans-consumers-around-the-world-value-the-
psychological-benefits-of-the-treat
by Anastasia Aleksandra Gostinova & Karina
Djakonova
60
Sources used:
Mike Arcuri, 2011
http://www.business2community.com/startups/vibrant-chocolate-launching-a-lean-startup-in-the-foods-industry-
070414#jqdFIQjMxi3yqums.97
Jeanette Hurt, 2012
https://www.aabacosmallbusiness.com/advisor/inside-3-chocolate-startups.html
NoCamels Team, 2014
http://nocamels.com/2014/12/zaatar-flavored-truffle-ika-cohen/
Monica Nickelsburg, 2015
https://www.geekwire.com/2015/chococurb/
Syed Sirajuddin, 2015
http://indianstartups.co/2015/06/happiness-bars/
Laurie Tarkan, 2015
http://fortune.com/2015/08/25/edible-insects-bug-startups/
Kelly Jackson, 2016
http://www.builtinaustin.com/2016/10/02/austin-food-startups
Eeva Haaramo, 2016
http://www.goodnewsfinland.com/feature/finnish-chocolate-startup-makes-ethical-business-taste-good/
Virgin StartUp, 2016
https://www.virginstartup.org/news/startups-trading-virgin-startup-christmas-fair-2016
Wizbii, 2016
https://daily.wizbii.com/innovative-food-drink-startups
Melia Robinson, 2016
http://www.businessinsider.com/peter-barsoom-wall-street-weed-2016-12
Oliver Nieburg, 2017
http://www.confectionerynews.com/Sectors/Chocolate/Ruby-chocolate-New-gem-in-confectionery-crown-or-pink-misfit
by Anastasia Aleksandra Gostinova & Karina Djakonova
61
Sources used:
Niamh Michali, 2017
http://www.confectionerynews.com/Ingredients/Purple-chocolate-ups-the-possibilities-for-healthy-indulgent-foods-Herza
Douglas Yu, 2017
http://www.confectionerynews.com/Manufacturers/Probiotic-chocolate-startup-Blue-Planet-launches-in-US-market
Smergers, 2017
https://www.smergers.com/businesses/chocolate-and-confectionery-businesses-for-sale-and-investment-
opportunities/s562/c0/t0/
Crunchbase, 2017
https://www.crunchbase.com/category/confectionery/b5cdd7ca83f5f44aee85955a43b74d0a
James Ridler, 2017
http://www.foodmanufacture.co.uk/Business-News/Food-and-drink-firms-recognised-in-Startups-100-list
FOOD-X, 2017
https://food-x.com/startups/
Oliver Nieburg, 2017
http://www.confectionerynews.com/Sectors/Chocolate/Fitmeals-aims-to-fill-void-for-protein-chocolate-snack-in-Germany
Megan Giller, 2017
https://www.forbes.com/sites/megangiller/2017/04/20/this-high-end-edibles-startup-targets-a-new-kind-of-cannabis-
consumer/#2f506a717313
Youngmaze, 2017
http://www.manilarepublic.com/9-food-startups-watch-ifex-philippines/5263/
Karen Corpuz, 2017
http://pinayfudge.blogspot.com/2017/07/press-release-9-food-startups-to-watch.html
Mashable, 2017
http://mashable.com/2017/03/21/healthy-chocolate/#._beI9xuwOqo
Lauren Manning, 2017
https://agfundernews.com/how-a-startup-from-ksu-is-replacing-fat-in-chocolate-with-a-low-calorie-alternative.html
by Anastasia Aleksandra Gostinova & Karina Djakonova
62
Sources used:
Do210, 2010
http://do210.com/events/2015/2/7/primer-sabado-chocolate-festival
Marissa Liu , 2010
https://www.trendhunter.com/trends/chocolate-postcards
TIM HORNYAK, 2011
https://www.cnet.com/news/eat-me-docomo-to-sell-chocolate-phone-on-valentines/
Lauren Davidson , 2016
http://www.telegraph.co.uk/business/2016/06/30/cadbury-descendant-launches-chocolate-gift-delivery-brand-love-c/
Chere Di Boscio, 2017
http://eluxemagazine.com/beauty/chocolate-based-beauty-products/
Specialty Food Association, 2017
https://www.specialtyfood.com/organization/131832/the-chocolate-pig-inc/
Taste TV, 2017
http://www.tastetv.com/sf-seasalon_info.html
Android, 2017
https://www.android.com/versions/kit-kat-4-4/
Lauren Manning, 2017
https://agfundernews.com/how-a-startup-from-ksu-is-replacing-fat-in-chocolate-with-a-low-calorie-alternative.html
AlMariAnni, 2017
http://www.almarianni.com/
by Anastasia Aleksandra Gostinova & Karina
Djakonova

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Chocolate Industry: Emerging Trends

  • 1. 1 Chocolate Industry: Emerging Trends Entertainment Healthy oriented Unique flavor Artisanal manufacturing Craft packaging by Anastasia Aleksandra Gostinova & Karina Djakonova TSI: Industry Analysis (Prof. Rubens)
  • 2. 2 Cross-industry trends Medicine&beauty by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 3. 3 Medicine&beauty industry handmade chocolate startups chocolate facial treatment probiotic chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 4. 4 Cross-industry trends Entertainment by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 5. 5 Entertainment industry handmade chocolate startups chocolate tasting events chocolate fashion show by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 6. 6 Cross-industry trends Technologies by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 7. 7 Technologies industry handmade chocolate startups special chocolate bar Android x KitKat DoCoMo x Q-pot special telephone design by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 8. 8 Cross-industry trends Communication by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 9. 9 Communication industry handmade chocolate startups chocolate postcards posted through letterboxes in a bid by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 10. 10 Collaborations ideas with fashion industry chocolate goods by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 11. Belgian invention - stimulant for parties 11 Collaborations ideas with entertainment industry by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 12. 12 with art industry 3D printed chocolate Collaborations ideas by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 13. 13 How to make chocolate Cross-industries opportunities E-Learn by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 14. 14 Chocolate industry TOP trends Flavor innovation by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 15. 15 Chocolate industry TOP trends Health benefits by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 16. 16 Chocolate industry TOP trends Manual labor by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 17. 17 Chocolate industry TOP trends Handmade, premium chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 18. 18 Chocolate industry TOP trends Uniqueness by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 19. 19 Chocolate industry TOP trends Natural ingredients by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 20. 20 Details by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 21. 21 Most popular strategies of handmade chocolate companies ♥ creative packaging ♥ healthy snack ♥ see how it happening ♥ create a custom by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 22. 22 Healthy oriented startups THE VELVET CHOCOLATIER kosher chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 23. 23 Healthy oriented startups iQ Chocolate allergen free chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 24. 24 Healthy oriented startups GOODIO organic chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 25. 25 Healthy oriented startups Vibrant Chocolate vitamin-fortified chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 26. 26 Healthy oriented startups KUTOA vegan raw chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 27. 27 Healthy oriented startups Fitmeals protein chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 28. 28 Healthy oriented startups Adam’s Fresh Chocolate organic raw chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 29. 29 Healthy oriented startups Ethicoco vegan chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 30. 30 Healthy oriented startups Blue Planet probiotic chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 31. 31 Healthy oriented startups Coco Dolce by The Free Food Co. healthy chocolate fix by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 32. 32 Healthy oriented startups Essy and Bella dairy-free chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 33. 33 Healthy oriented startups Health by Chocolate Bakery high in protein and low in fat and carbs chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 34. 34 Unique flavor startups Herza vegetable chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 35. 35 Unique flavor startups La Suissa Italian tastes chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 36. 36 Unique flavor startups Fannie May unique recipe by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 37. 37 Unique flavor startups Sylvain Musquar crickets on chocolates by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 38. 38 Unique flavor startups McClain's Old Florida Gourmet Florida specialties chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 39. 39 Unique flavor startups 1906 marijuana-infused chocolates by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 40. 40 Unique flavor startups Maza sweetened with organic palmyra nectar by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 41. 41 Unique flavor startups IKA Chocolate Gold at World Chocolate Awards for Za’atar- Flavored Truffle by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 42. 42 Unique flavor startups NomNom cocoa is always sourced from a single region by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 43. 43 Artisanal manufacturing startups Piq Chocolates own 3D design chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 44. 44 Artisanal manufacturing startups Happiness Bars own flavor chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 45. 45 Artisanal manufacturing startups Ruby chocolate pink chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 46. 46 Artisanal manufacturing startups India custom printed chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 47. 47 Artisanal manufacturing startups Candy Mechanics chocolate gift cards by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 48. 48 Artisanal manufacturing startups GEMBLOUX 3D printed chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 49. 49 Craft packaging startups De Villiers artisan chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 50. 50 Craft packaging startups Theo and Philo Chocolate Factory single origin Philippine chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 51. 51 Craft packaging startups Chocolate risa elegantly packaged chocolate by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 52. 52 Craft packaging startups The Candy Bouquet LLC candy bouquet by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 53. 53 Special delivery startups CHOCOCURB luxury chocolate delivery by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 54. 54 Special delivery startups Love Cocoa posted through letterboxes in a bid by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 55. 55 Entertainment startups Seattle Luxury Chocolate Salon chocolate tasting events by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 56. 56 Entertainment startups Cocoba café that offering over 50 high quality Belgian chocolate products by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 57. 57 Entertainment startups AndroidXKitKat special chocolate bar by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 58. 58 Thanks for Your attention! by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 59. 59 Sources used: SBDCNet, 2006 http://www.sbdcnet.org/small-business-research-reports/gourmet-chocolate Ganesh Rajput, 2014 http://insightmarketreports.blogspot.com/2014/02/global-chocolate-market-worth-983.html Karianna Haasch, 2015 http://www.mechtron.com/blog/challenges-for-chocolate-brands/ CSP, 2016 http://www.cspdailynews.com/category-news/snacks-candy/articles/premium-chocolate-driving-us-sales-growth Roy Morgan, 2016 http://www.roymorgan.com/findings/more-aussies-chomping-on-chocolate-201603212333 Mintel, 2016 http://www.mintel.com/press-centre/food-and-drink/chocolate-eaters-full-of-beans-consumers-around-the-world-value-the- psychological-benefits-of-the-treat FranchiseHelp, 2017 http://www.mintel.com/press-centre/food-and-drink/chocolate-eaters-full-of-beans-consumers-around-the-world-value-the- psychological-benefits-of-the-treat Douglas Yu, 2016 http://www.confectionerynews.com/Manufacturers/4-key-chocolate-and-cocoa-trends-for-2017-Cargill Vreeland & Associates, 2016 http://www.vreelandassociates.com/2015-us-chocolate-sales-up-3-1-premium-up-9/ FranchiseHelp, 2017 http://www.mintel.com/press-centre/food-and-drink/chocolate-eaters-full-of-beans-consumers-around-the-world-value-the- psychological-benefits-of-the-treat by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 60. 60 Sources used: Mike Arcuri, 2011 http://www.business2community.com/startups/vibrant-chocolate-launching-a-lean-startup-in-the-foods-industry- 070414#jqdFIQjMxi3yqums.97 Jeanette Hurt, 2012 https://www.aabacosmallbusiness.com/advisor/inside-3-chocolate-startups.html NoCamels Team, 2014 http://nocamels.com/2014/12/zaatar-flavored-truffle-ika-cohen/ Monica Nickelsburg, 2015 https://www.geekwire.com/2015/chococurb/ Syed Sirajuddin, 2015 http://indianstartups.co/2015/06/happiness-bars/ Laurie Tarkan, 2015 http://fortune.com/2015/08/25/edible-insects-bug-startups/ Kelly Jackson, 2016 http://www.builtinaustin.com/2016/10/02/austin-food-startups Eeva Haaramo, 2016 http://www.goodnewsfinland.com/feature/finnish-chocolate-startup-makes-ethical-business-taste-good/ Virgin StartUp, 2016 https://www.virginstartup.org/news/startups-trading-virgin-startup-christmas-fair-2016 Wizbii, 2016 https://daily.wizbii.com/innovative-food-drink-startups Melia Robinson, 2016 http://www.businessinsider.com/peter-barsoom-wall-street-weed-2016-12 Oliver Nieburg, 2017 http://www.confectionerynews.com/Sectors/Chocolate/Ruby-chocolate-New-gem-in-confectionery-crown-or-pink-misfit by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 61. 61 Sources used: Niamh Michali, 2017 http://www.confectionerynews.com/Ingredients/Purple-chocolate-ups-the-possibilities-for-healthy-indulgent-foods-Herza Douglas Yu, 2017 http://www.confectionerynews.com/Manufacturers/Probiotic-chocolate-startup-Blue-Planet-launches-in-US-market Smergers, 2017 https://www.smergers.com/businesses/chocolate-and-confectionery-businesses-for-sale-and-investment- opportunities/s562/c0/t0/ Crunchbase, 2017 https://www.crunchbase.com/category/confectionery/b5cdd7ca83f5f44aee85955a43b74d0a James Ridler, 2017 http://www.foodmanufacture.co.uk/Business-News/Food-and-drink-firms-recognised-in-Startups-100-list FOOD-X, 2017 https://food-x.com/startups/ Oliver Nieburg, 2017 http://www.confectionerynews.com/Sectors/Chocolate/Fitmeals-aims-to-fill-void-for-protein-chocolate-snack-in-Germany Megan Giller, 2017 https://www.forbes.com/sites/megangiller/2017/04/20/this-high-end-edibles-startup-targets-a-new-kind-of-cannabis- consumer/#2f506a717313 Youngmaze, 2017 http://www.manilarepublic.com/9-food-startups-watch-ifex-philippines/5263/ Karen Corpuz, 2017 http://pinayfudge.blogspot.com/2017/07/press-release-9-food-startups-to-watch.html Mashable, 2017 http://mashable.com/2017/03/21/healthy-chocolate/#._beI9xuwOqo Lauren Manning, 2017 https://agfundernews.com/how-a-startup-from-ksu-is-replacing-fat-in-chocolate-with-a-low-calorie-alternative.html by Anastasia Aleksandra Gostinova & Karina Djakonova
  • 62. 62 Sources used: Do210, 2010 http://do210.com/events/2015/2/7/primer-sabado-chocolate-festival Marissa Liu , 2010 https://www.trendhunter.com/trends/chocolate-postcards TIM HORNYAK, 2011 https://www.cnet.com/news/eat-me-docomo-to-sell-chocolate-phone-on-valentines/ Lauren Davidson , 2016 http://www.telegraph.co.uk/business/2016/06/30/cadbury-descendant-launches-chocolate-gift-delivery-brand-love-c/ Chere Di Boscio, 2017 http://eluxemagazine.com/beauty/chocolate-based-beauty-products/ Specialty Food Association, 2017 https://www.specialtyfood.com/organization/131832/the-chocolate-pig-inc/ Taste TV, 2017 http://www.tastetv.com/sf-seasalon_info.html Android, 2017 https://www.android.com/versions/kit-kat-4-4/ Lauren Manning, 2017 https://agfundernews.com/how-a-startup-from-ksu-is-replacing-fat-in-chocolate-with-a-low-calorie-alternative.html AlMariAnni, 2017 http://www.almarianni.com/ by Anastasia Aleksandra Gostinova & Karina Djakonova