MarkNtel Advisors recently published a detailed industry analysis of the Global Chocolate Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Chocolate Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Chocolate Market size was valued at USD 130.72 Billion in 2024 and is projected to reach USD 172.89 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.17% during the forecast period, i.e., 2025-30.
Key Findings in Global Chocolate Market:
- Historical Analysis: 2020–2023
- Base Year: 2024
- Forecast Period: 2025–2030
Leading Market Players- Ghirardelli Chocolate Co, Ferrero Group, Mars Inc, Hershey Foods Corp, Moonstruck Chocolatier Co, Barry Callebaut, Nestle SA, Amul, Cadbury, and others
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global Chocolate industry?
High Inclination Towards Specialty Chocolates to Thrive the Market Growth – In recent years, a notable surge in demand for premium and specialty chocolates, particularly in well-developed markets like the US, France, Belgium, and Germany, has been observed, significantly contributing to the Chocolate Market's growth. One primary driver behind this surge is the increasing consumer preference for transparency in ingredient sourcing for chocolates. This preference stems from various factors, including allergies to specific components like lactose and a rising interest in vegan-friendly options. Additionally, there's a rising demand for chocolates made from specialty cocoa beans, fostering the growth of specialty chocolates.
Another emerging trend boosting demand is the preference for clean-label and organic products, driven by a growing emphasis on overall health and wellness. This trend has notably increased the demand for dark and sugar-free chocolates.
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What segments define the Global Chocolate Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
By Chocolate Type
- Milk Chocolate- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- White Chocolate- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Dark Chocolate- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
According to report, The Dark Chocolate category secured the leading market share in 2022 and is anticipated to maintain its dominance in the coming forecast years.
By Packaging Type
- Flexible Packaging- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Rigid Packaging- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
By Application
- Food & Beverages Industries- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Bakery- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- HoReCa- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Retail Consumption
According to report, The Food & Beverage sector is experiencing robust growth, capturing the largest share & presenting ample opportunities for expansion within the Chocolate Market.
By Category
- Synthetic Chocolates- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Organic Chocolates- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
By Sales Channel
- Offline- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Supermarkets & Hypermarkets- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Convenience Stores- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Brand Owned Outlets- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Online - Market Size & Forecast 2019-2030, USD Million & Kilo Tons
Explore the Complete Global Chocolate Market Analysis Report – https://www.marknteladvisors.com/research-library/chocolate-market.html
Geographical Analysis: Global Chocolate Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Chocolate Market Recent Development:
- In January 2024, Ferrero Group, declared the launch of plant-based Nutella in Italy. The new vegan-certified chocolate spread aimed at lactose-intolerant consumers and flexitarians replaces milk powder with a plant-based ingredient while retaining palm oil in the recipe.
- 2022: Hershey's introduced a special chocolate bar honoring women and girls, named "Celebrate SHE." The bar's design featured the word 'SHE' at the heart of its milk chocolate composition.
- 2021: In collaboration with Lagardère, Ferrero introduced 'Ferrero Rocher Tablets' to the travel-retail channel.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Chocolate Market?
- How is the Chocolate Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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