Chocolate Market – Global Industry Analysis and Forecast (2024-2030)

The Chocolate Market size was valued at USD 145.11 Billion in 2023 and the total Chocolate Market size is expected to grow at a CAGR of 5.1% from 2024 to 2030, reaching nearly USD 205.55 Billion by 2030.

Chocolate Market Overview:

Chocolate is made by baking cacao seeds from Theobroma cacao tree pods. To make the paste, the cacao beans are gathered, roasted, dried, and pulverised. The chocolate liquor and cocoa cream are separated from the dough using stresses. Coverage, dark, milky, white, and baked chocolate, as well as cocoa powder, are made by combining these two components in various quantities.Chocolate Industry Market SnapshotTo know about the Research Methodology :- Request Free Sample Report

Chocolate Market Dynamics:

The popularity of dark chocolate is expected to rise over the coming years thanks to the fact that it helps in preventing cardiac diseases, in addition to another usage like chocolate cake and chocolate milk is gaining opportunities in the global market for chocolate. Chocolate and premium chocolate goods are among the world's most popular foods. Chocolate ingestion in moderation has been discovered to increase serotonin, a neurotransmitter that relaxes the brain and acts as an antidepressant. It also improves one's temperament by releasing toxins. To best complement the celebration, chocolates available in a multitude of forms, sizes, and wrapping. Chocolate is a worth billions of dollars industry that is steadily expanding as new products are produced and advertised. Chocolate's antioxidant content, blood pressure-lowering qualities and alleged anti-aging capabilities will continue to drive acceptance of chocolate and chocolate-related goods. Dark chocolate with a higher cocoa content is highly suggested for preventing or slowing the ageing process as well as some disorders including cardiovascular disease. Chocolate consumption will anticipated to be driven by these and other comparable potential benefits of chocolates. On the other hand, fluctuating prices of raw materials of cocoa beans and cocoa butter, instability of cocoa supply and political instability in cocoa-producing countries are likely to restrain the growth of the chocolate market.

Chocolate Market Segment Analysis:

Based on Product, the global Chocolate market is segmented into Milk Chocolate, Dark Chocolate and White Chocolate. The Dark Chocolate segment held the largest market share of 70.7% in 2023. Dark chocolate consists of more than 60% cocoa content and is known to have health benefits like reducing the risk of cardiovascular diseases and improving blood flow is about to impel its demand in a forecast period. Absorption of dark chocolate offers a number of health benefits, including lowering anxiety and improving clinical depression symptoms. During the projected period, the category is expected to rise due to rising consumer recognition of dark chocolate as a healthy product. Based on Distribution Channel, the global Chocolate market is segmented into Online Channel, Departmental Store, Supermarket, Hypermarket and Others. The Online Channel segment is expected to grow at a higher CAGR of 5.6% in the global chocolate market during the forecast period. The online channel is gaining popularity and market thanks to exciting offers and brands is attracting Indians. Rising new internet user population in developing countries offers promising growth. Convenience, ease of searching, billing, wide selection of products, discounts, and promotion have boosted the online chocolate sale.

Chocolate Market Regional Insights:

Europe dominate the global Chocolate market during the forecast period 2024-2030. Europe held the largest market share 45% in 2023. Due to the growing popularity of sugar-free, fat-free chocolates as a result of increased health consciousness Premium chocolates made from responsibly harvested cocoa from a specific estate are in growing market. North America held the second largest market share of xx% in 2023. As a result of the increased demand for chocolate confectionary. It is a major supplier of cocoa to fulfill the requirements of chocolate confectioneries; growth can be attributed to the increase in consumption. Asia Pacific is expected to grow at a higher CAGR of 6.9% in the global chocolate market during the forecast period. Due to an increase in customers' expendable income in developing world, as well as a shift in people's lifestyles based on western culture. The objective of the report is to present a comprehensive analysis of the global Chocolate Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Chocolate Market dynamic, structure by analyzing the market segments and project the global Chocolate Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Chocolate Market make the report investor’s guide.

Chocolate Market Scope: Inquire before buying

Chocolate Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: US $ 145.11 Bn.
Forecast Period 2024 to 2030 CAGR: 5.1% Market Size in 2030: US $ 205.55 Bn.
Segments Covered: by Product Milk Chocolate Dark Chocolate White Chocolate
by Distribution Channel Online Channel Departmental Store Supermarket Hypermarket Others

Chocolate Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Chocolate Market Key Players are:

1. Heinz 2. Nestle 3. Moonstruck Chocolatier Co. 4. Mars Inc. 5. Ghirardelli Chocolate Co. 6. Ferrero Group 7. Hershey Foods Corp. 8. Cadbury 9. Meiji Co Ltd 10. Arcor 11. Ezaki Glico Co Ltd 12. August Storck KG. 13. Barry Callebaut 14. Amul 15. Lindt & Sprüngli Ag. 16. Chocoladefabriken Lindt & Sprungli 17. Cargill 18. Olam International 19. Fuji Oil Company Ltd. 20. ECOM Agroindustrial Corporation Ltd. 21. Cocoa Processing Co. Ltd. 22. Touton S. A. 23. BD Associates Ghana Ltd 24. Others Key Players Frequently Asked Questions: 1] What segments are covered in market report? Ans. The segments covered in market report are based on Products, Sales Category and Distribution Channel. 2] Which region is expected to hold the highest share in the global market? Ans. Europe is expected to hold the highest share in the global market. 3] What is the market size of global market by 2030? Ans. The market size of global market by 2030 is US $ 205.55 Bn. 4] Who are the top key players in the global Chocolate Market? Ans. Kraft Foods, Nestle, Moonstruck Chocolatier Co., Mars Inc., Ghirardelli Chocolate Co. and Ferrero Group are the top key players in the global Chocolate Market. 5] What was the Global Chocolate Market size in 2023?? Ans. The Global Chocolate Market size was USD 145.11 Billion in 2023. 6] By Products, What segments are covered in global Chocolate Market report? Ans. The segments covered in global Chocolate Market report by Products are Milk Chocolate, Dark Chocolate and White Chocolate.
1. Chocolate Market : Executive Summary 1. Executive Summary 1.1.1. Market Size (2023) & Forecast (2024-2030), 1.1.2. Market Size (Value and Volume) and Market Share (%) - By Segments, Regions and Country 2. Global Chocolate Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Key Players Benchmarking 2.2.1. Company Name 2.2.2. Headquarter 2.2.3. Product Portfolio 2.2.4. End-users 2.2.5. Revenue - 2023 2.2.6. Market Share (%) - 2023 2.2.7. Global Locations 2.3. Market Structure 2.3.1. Market Leaders 2.3.2. Market Followers 2.3.3. Emerging Players 2.4. Mergers and Acquisitions Details 3. Market Dynamics 3.1. Market Trends 3.2. Market Dynamics 3.2.1 Drivers 3.2.2 Restraints 3.2.3 Opportunities 3.2.4 Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Value Chain – Supply Chain Analysis 3.6. Technological Roadmap 3.7. Price Trend Analysis 3.7.1 Analysis of key ingredients like cocoa, sugar, and dairy, and their price fluctuations. 3.7.2 Others 3.8. Regulatory Landscape by Region 3.9. Key Opinion Leader Analysis for the Global Chocolate Industry 3.10. Government Schemes and Initiatives for Global Chocolate Industry 3.11. Monthly producer price index for chocolate and confectionery manufacturer from 2022 to 2024. 4 Consumer Preferences and Demand Analysis 4.1. Demographic Analysis 4.1.1 Frequency of chocolate consumption, by gender and generation, 2023 4.1.2 Frequency of chocolate consumption, By Product of chocolate purchased, 2023 5 Chocolate Industry: Trade Analysis 5.1 The top 5 Importers of Chocolate in 2023 5.2 The top 5 exporters of Chocolate in 2023 6 Chocolate Market: Global Market Size and Forecast By Segmentation (By Value in USD and Volume in Kilogram ) (2023-2030) 6.1 Chocolate Market Size and Forecast, By Product(2023-2030) 6.1.1 Milk Chocolate 6.1.2 Dark Chocolate 6.1.3 White Chocolate 6.2 Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 6.2.1 Online Channel 6.2.2 Departmental Store 6.2.3 Supermarket 6.2.4 Hypermarket 6.2.5 Others 6.3 Chocolate Market Size and Forecast, By Region(2023-2030) 6.3.1 North America 6.3.2 Europe 6.3.3 Asia Pacific 6.3.4 South America 6.3.5 MEA 7 North America Chocolate Market Size and Forecast By Segmentation (By Value in USD and Volume in Kilogram ) (2023-2030) 7.1 North America Chocolate Market Size and Forecast, By Product(2023-2030) 7.1.1 Milk Chocolate 7.1.2 Dark Chocolate 7.1.3 White Chocolate 7.2 North America Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 7.2.1 Online Channel 7.2.2 Departmental Store 7.2.3 Supermarket 7.2.4 Hypermarket 7.2.5 Others 7.3 North America Chocolate Market Size and Forecast, By Country (2023-2030) 7.3.1 United States 7.3.1.1 United States Chocolate Market Size and Forecast, By Product(2023-2030) 7.3.1.1.1 Milk Chocolate 7.3.1.1.2 Dark Chocolate 7.3.1.1.3 White Chocolate 7.3.1.2 United States Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 7.3.1.2.1 Online Channel 7.3.1.2.2 Departmental Store 7.3.1.2.3 Supermarket 7.3.1.2.4 Hypermarket 7.3.1.2.5 Others 7.3.2 Canada 7.3.2.1 Canada Chocolate Market Size and Forecast, By Product(2023-2030) 7.3.2.1.1 Milk Chocolate 7.3.2.1.2 Dark Chocolate 7.3.2.1.3 White Chocolate 7.3.2.2 Canada Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 7.3.2.2.1 Online Channel 7.3.2.2.2 Departmental Store 7.3.2.2.3 Supermarket 7.3.2.2.4 Hypermarket 7.3.2.2.5 Others 7.3.3 Mexico 7.3.3.1 Mexico Chocolate Market Size and Forecast, By Product(2023-2030) 7.3.3.1.1 Milk Chocolate 7.3.3.1.2 Dark Chocolate 7.3.3.1.3 White Chocolate 7.3.3.2 Mexico Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 7.3.3.2.1 Online Channel 7.3.3.2.2 Departmental Store 7.3.3.2.3 Supermarket 7.3.3.2.4 Hypermarket 7.3.3.2.5 Others 8 Europe Chocolate Market Size and Forecast By Segmentation (By Value in USD and Volume in Kilogram ) (2023-2030) 8.1 Europe Chocolate Market Size and Forecast, By Product(2023-2030) 8.2 Europe Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 8.3 Europe Chocolate Market Size and Forecast, By Country (2023-2030) 8.3.1 United Kingdom 8.3.1.1 United Kingdom Chocolate Market Size and Forecast, By Product(2023-2030) 8.3.1.2 United Kingdom Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 8.3.2 France 8.3.2.1 France Chocolate Market Size and Forecast, By Product(2023-2030) 8.3.2.2 France Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 8.3.3 Germany 8.3.3.1 Germany Chocolate Market Size and Forecast, By Product(2023-2030) 8.3.3.2 Germany Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 8.3.4 Italy 8.3.4.1 Italy Chocolate Market Size and Forecast, By Product(2023-2030) 8.3.4.2 Italy Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 8.3.5 Spain 8.3.5.1 Spain Chocolate Market Size and Forecast, By Product(2023-2030) 8.3.5.2 Spain Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 8.3.6 Sweden 8.3.6.1 Sweden Chocolate Market Size and Forecast, By Product(2023-2030) 8.3.6.2 Sweden Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 8.3.7 Austria 8.3.7.1 Austria Chocolate Market Size and Forecast, By Product(2023-2030) 8.3.7.2 Austria Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 8.3.8 Rest of Europe 8.3.8.1 Rest of Europe Chocolate Market Size and Forecast, By Product(2023-2030) 8.3.8.2 Rest of Europe Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 9 Asia Pacific Chocolate Market Size and Forecast By Segmentation (By Value in USD and Volume in Kilogram ) (2023-2030) 9.1 Asia Pacific Chocolate Market Size and Forecast, By Product(2023-2030) 9.2 Asia Pacific Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 9.3 Asia Pacific Chocolate Market Size and Forecast, By Country (2023-2030) 9.3.1 China 9.3.1.1 China Chocolate Market Size and Forecast, By Product(2023-2030) 9.3.1.2 China Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 9.3.2 S Korea 9.3.2.1 S Korea Chocolate Market Size and Forecast, By Product(2023-2030) 9.3.2.2 S Korea Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 9.3.3 Japan 9.3.3.1 Japan Chocolate Market Size and Forecast, By Product(2023-2030) 9.3.3.2 Japan Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 9.3.4 India 9.3.4.1 India Chocolate Market Size and Forecast, By Product(2023-2030) 9.3.4.2 India Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 9.3.5 Australia 9.3.5.1 Australia Chocolate Market Size and Forecast, By Product(2023-2030) 9.3.5.2 Australia Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 9.3.6 Malaysia 9.3.6.1 Malaysia Chocolate Market Size and Forecast, By Product(2023-2030) 9.3.6.2 Malaysia Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 9.3.7 Vietnam 9.3.7.1 Vietnam Chocolate Market Size and Forecast, By Product(2023-2030) 9.3.7.2 Vietnam Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 9.3.8 Thailand 9.3.8.1 Thailand Chocolate Market Size and Forecast, By Product(2023-2030) 9.3.8.2 Thailand Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 9.3.9 Indonesia 9.3.9.1 Indonesia Chocolate Market Size and Forecast, By Product(2023-2030) 9.3.9.2 Indonesia Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 9.3.10 Philippines 9.3.10.1 Philippines Chocolate Market Size and Forecast, By Product(2023-2030) 9.3.10.2 Philippines Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 9.3.11 Rest of Asia Pacific 9.3.11.1 Rest of Asia Pacific Chocolate Market Size and Forecast, By Product(2023-2030) 9.3.11.2 Rest of Asia Pacific Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 10 South America Chocolate Market Size and Forecast By Segmentation (By Value in USD and Volume in Kilogram ) (2023-2030) 10.1 South America Chocolate Market Size and Forecast, By Product(2023-2030) 10.2 South America Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 10.3 South America Chocolate Market Size and Forecast, By Country (2023-2030) 10.3.1 Brazil 10.3.1.1 Brazil Chocolate Market Size and Forecast, By Product(2023-2030) 10.3.1.2 Brazil Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 10.3.2 Argentina 10.3.2.1 Argentina Chocolate Market Size and Forecast, By Product(2023-2030) 10.3.2.2 Argentina Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 10.3.3 Colombia 10.3.3.1 Colombia Chocolate Market Size and Forecast, By Product(2023-2030) 10.3.3.2 Colombia Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 10.3.4 Chile 10.3.4.1 Chile Chocolate Market Size and Forecast, By Product(2023-2030) 10.3.4.2 Chile Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 10.3.5 Peru 10.3.5.1 Peru Chocolate Market Size and Forecast, By Product(2023-2030) 10.3.5.2 Peru Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 10.3.5.3 10.3.6 Rest Of South America 10.3.6.1 Rest Of South America Chocolate Market Size and Forecast, By Product(2023-2030) 10.3.6.2 Rest Of South America Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 11 Middle East and Africa Chocolate Market Size and Forecast By Segmentation (By Value in USD and Volume in Kilogram ) (2023-2030) 11.1 Middle East and Africa Chocolate Market Size and Forecast, By Product(2023-2030) 11.2 Middle East and Africa Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 11.3 Middle East and Africa Chocolate Market Size and Forecast, By Country (2023-2030) 11.3.1 South Africa 11.3.1.1 South Africa Chocolate Market Size and Forecast, By Product(2023-2030) 11.3.1.2 South Africa Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 11.3.2 GCC 11.3.2.1 GCC Chocolate Market Size and Forecast, By Product(2023-2030) 11.3.2.2 GCC Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 11.3.3 Nigeria 11.3.3.1 Nigeria Chocolate Market Size and Forecast, By Product(2023-2030) 11.3.3.2 Nigeria Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 11.3.4 Egypt 11.3.4.1 Egypt Chocolate Market Size and Forecast, By Product(2023-2030) 11.3.4.2 Egypt Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 11.3.5 Turkey 11.3.5.1 Turkey Chocolate Market Size and Forecast, By Product(2023-2030) 11.3.5.2 Turkey Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 11.3.6 Rest Of MEA 11.3.6.1 Rest Of MEA Chocolate Market Size and Forecast, By Product(2023-2030) 11.3.6.2 Rest Of MEA Chocolate Market Size and Forecast, By Distribution Channel(2023-2030) 12 Company Profile: Key Players 12.1 Heinz 12.1.1 Company Overview 12.1.2 Business Portfolio 12.1.3 Financial Overview 12.1.4 SWOT Analysis (Technological strengths and weaknesses) 12.1.5 Strategic Analysis (Recent strategic moves) 12.1.6 Recent Developments 12.2 Nestle 12.3 Moonstruck Chocolatier Co. 12.4 Mars Inc. 12.5 Ghirardelli Chocolate Co. 12.6 Ferrero Group 12.7 Hershey Foods Corp. 12.8 Cadbury 12.9 Meiji Co Ltd 12.10 Arcor 12.11 Ezaki Glico Co Ltd 12.12 August Storck KG. 12.13 Barry Callebaut 12.14 Amul 12.15 Lindt & Sprüngli Ag. 12.16 Chocoladefabriken Lindt & Sprungli 12.17 Cargill 12.18 Olam International 12.19 Fuji Oil Company Ltd. 12.20 ECOM Agroindustrial Corporation Ltd. 12.21 Cocoa Processing Co. Ltd. 12.22 Touton S. A. 12.23 BD Associates Ghana Ltd 12.24 Others Key Players 13 Key Findings 14 Analyst Recommendations 15 Chocolate Market – Research Methodology
  • INQUIRE BEFORE BUYING
MMRLogo
America's Fastest Growing Market Research Firm