Chocolate Market Outlook: 2023-2029 Analysis

Chocolate Market size was valued at US$ 138.07 Bn in 2022 and the total revenue is expected to grow at 5.1% through 2023 to 2029, reaching nearly US$ 195.58 Bn.

Chocolate Market Overview

The report insights about top players, market size, share, key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis, new product launches, technological innovations, and growth contributors which helps to analyse the Chocolate Market. 

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Chocolate Market Report Scope and Research Methodology

The qualitative and quantitative data collected by primary research resources, free and paid databases, surveys, Google forms, etc. is further analysed by tools such as SWOT and PESTLE analysis to understand the Chocolate market.

Chocolate Market Regional Insights

A regional analysis typically includes a precise examination of market trends, competitive landscape, consumer behaviour, and regulatory environment in each region.

Chocolate Market Segmentation

The global chocolate market is divided into three categories based on products: Milk Chocolate, Dark Chocolate, and White Chocolate. In 2022, the Dark Chocolate category accounted for 70.7% of the market. The demand for dark chocolate, which has a cocoa content of at least 60% and is believed to provide health advantages like lowering the risk of cardiovascular diseases and enhancing blood flow, is going to increase over the forecast period. Dark chocolate consumption has a number of positive health effects, including a reduction in anxiety and an improvement in the symptoms of clinical depression. The category is anticipated to grow during the projected period as consumers increasingly recognize dark chocolate as a nutritious food.

The global chocolate market is divided into Everyday Chocolate, Premium Chocolate, and Seasonal Chocolate based on sales category. In 2020, the Everyday Chocolate sector accounted for 82% of the market. because of the reasonable price. While during festive events, demand for seasonal chocolate increases. Additionally, a huge population in a low-income economy contributes to the great demand for affordable and mid-range chocolate. Particularly during Christmas, Easter, and Diwali, demand increases. The market for fine chocolate is expanding steadily.

The global chocolate market is divided into Online Channel, Departmental Store, Supermarket, Hypermarket, and Others based on the distribution channel. During the projected period, the global chocolate market is anticipated to develop at a higher CAGR of 5.6% for the Online Channel segment. Due to alluring deals and brands, the online channel is growing in popularity and market share among Indians. Growing numbers of new internet users in developing nations offer encouraging growth. Online chocolate sales have been enhanced by convenience, ease of use when searching, billing, a large selection of items, discounts, and promotions.

Global Chocolate Market Analysis and Forecast, by Product
1. Introduction and Definition
2. Key Findings
3. Global Chocolate Market Value Share Analysis, by Product
4. Global Chocolate Market Size (US$ bn) Forecast, by Product
5. Global Chocolate Market Analysis, by Product
6. Global Chocolate Market Attractiveness Analysis, by Product

Global Chocolate Market Analysis and Forecast, by Sales Category
1. Introduction and Definition
2. Key Findings
3. Global Chocolate Market Value Share Analysis, by Sales Category
4. Global Chocolate Market Size (US$ bn) Forecast, by Sales Category
5. Global Chocolate Market Analysis, by Sales Category
6. Global Chocolate Market Attractiveness Analysis, by Sales Category

Global Chocolate Market Analysis and Forecast, by Distribution Channel
1. Introduction and Definition
2. Key Findings
3. Global Chocolate Market Value Share Analysis, by Distribution Channel
4. Global Chocolate Market Size (US$ bn) Forecast, by Distribution Channel
5. Global Chocolate Market Analysis, by Distribution Channel
6. Global Chocolate Market Attractiveness Analysis, by Distribution Channel

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Chocolate Market Key Players

1. Kraft Foods
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.

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Key questions answered in Chocolate Market are:

• What is the Chocolate market size of the dominating region?
• What was the Chocolate market size in 2022?
• What is the expected Chocolate market size by 2029?
• What is the growth rate of the Chocolate Market?
• Which are the factors expected to drive the Chocolate market growth?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis 
• PORTER’s analysis 
• Value chain and supply chain analysis 
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis 
• Recommendations 

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