Chocolate is one of the greatest consumed food products across the world. Chocolates are typically sweet and made from cocoa butter, milk, cocoa seeds, cocoa liquor, and sugar and are often helped with different varieties of flavours. Furthermore, to continue with the increasing competition in the market, the chocolate sellers use different flavours such as lavender, ginger, and hibiscus among others to tempt customers into purchasing their variation of chocolate products. Chocolates with organic ingredients are increasingly gaining traction in the market and being offered at a premium price.Dark chocolate is rich in antioxidants, which are believed to prevent or delay certain types of diseases, including cardiac disease. These apparent health benefits have been driving strong development for products with the weightier cocoa weighting.The development of the global chocolate market is primarily driven by the increasingalertness among consumers concerning the health benefits associated with cocoa-rich dark chocolates. This tendency is anticipated to boost the popularity of chocolate across the world. The popularity of dark chocolate is expected to increase over the forthcoming years due to the fact that it supports in preventing cardiac diseases, in addition to other benefits.
The global chocolate market is expected to be around US$ 187.56 billion in 2027 at a compound annual growth rate (CAGR) of 4.6% from 2020 to 2027.
The global Chocolate market is segregated on the basis of Distribution Channel as Supermarkets/ Hypermarkets, Specialist Retailers, Convenience Stores, Online, and Others. Based on Packaging the global Chocolate market is segmented in Rigid and Flexible. Based on Type the global Chocolate market is segmented in Milk, White, Dark, and Others.
The global Chocolate market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Chocolate market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Barry Callebaut, Lindt &Sprüngli AG, Mondelez International, Nestle, The Hershey Company, Ferrero Group, Mars, Incorporated, The Australian Carob Co., Meiji Holdings Co., Ltd., Arcor, and others are among the major players in the global Chocolate market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Chocolate Market has been segmented as below:
Chocolate Market, By Distribution Channel
Chocolate Market, By Packaging
Chocolate Market, By Type
Chocolate Market, By Region
Chocolate Market, By Company
The report covers:
Report Scope:
The global Chocolate market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Chocolate market share. Major industry players with significant revenue share include Barry Callebaut, Lindt &Sprüngli AG, Mondelez International, Nestle, The Hershey Company, Ferrero Group, Mars, Incorporated, The Australian Carob Co., Meiji Holdings Co., Ltd., Arcor, and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Chocolate Market, By Type
5.1. Key Points
5.2. Milk
5.3. White
5.4. Dark
5.5. Others
6. Chocolate Market, By Packaging
6.1. Key Points
6.2. Rigid
6.3. Flexible
7. Chocolate Market, By Distribution Channel,
7.1. Key Points
7.2. Supermarkets/ Hypermarkets
7.3. Specialist Retailers
7.4. Convenience Stores
7.5. Online
7.6. Others
8. Competitive Landscape
8.1. Introduction
8.2. Recent Developments
8.2.1. Mergers & Acquisitions
8.2.2. New Product Developments
8.2.3. Portfolio/Production Capacity Expansions
8.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.2.5. Others
9. Company Profiles
9.1 Barry Callebaut
9.1.1 Company Overview
9.1.2 Product/Service Landscape
9.1.3 Financial Overview
9.1.4 Recent Developments
9.2 Lindt &Sprüngli AG
9.2.1 Company Overview
9.2.2 Product/Service Landscape
9.2.3 Financial Overview
9.2.4 Recent Developments
9.3 Nestle
9.3.1 Company Overview
9.3.2 Product/Service Landscape
9.3.3 Financial Overview
9.3.4 Recent Developments
9.4 The Hershey Company
9.4.1 Company Overview
9.4.2 Product/Service Landscape
9.4.3 Financial Overview
9.4.4 Recent Developments
9.5 Ferrero Group
9.5.1 Company Overview
9.5.2 Product/Service Landscape
9.5.3 Financial Overview
9.5.4 Recent Developments
9.6 Mars, Incorporated
9.6.1 Company Overview
9.6.2 Product/Service Landscape
9.6.3 Financial Overview
9.6.4 Recent Developments
9.7 The Australian Carob Co.
9.7.1 Company Overview
9.7.2 Product/Service Landscape
9.7.3 Financial Overview
9.7.4 Recent Developments
9.8 Meiji Holdings Co., Ltd.
9.8.1 Company Overview
9.8.2 Product/Service Landscape
9.8.3 Financial Overview
9.8.4 Recent Developments
9.9 Arcor
9.9.1 Company Overview
9.9.2 Product/Service Landscape
9.9.3 Financial Overview
9.9.4 Recent Developments
9.10 Mondelez International
9.10.1 Company Overview
9.10.2 Product/Service Landscape
9.10.3 Financial Overview
9.10.4 Recent Developments
The Chocolate Market has been segmented as below:
Chocolate Market, By Distribution Channel
Chocolate Market, By Packaging
Chocolate Market, By Type
Chocolate Market, By Region
Chocolate Market, By Company
