Chocolate Global Market Report 2023

Chocolate Global Market Report 2024 – By Type (Milk Chocolate, Dark Chocolate, White Chocolate), By Application (Food, Beverages), By Distribution (Supermarkets/ Hypermarkets, Specialist Retailers, Convenience Stores, Online Channel, Other Distributions) – Market Size, Trends, And Global Forecast 2024-2033

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Chocolate Market Definition And Segments

Chocolate refers to a cacao seed preparation that has been roasted, husked, and ground, it is frequently sweetened and flavored, as with vanilla. It is used to manufacture beverages, flavors, or coat different confections and bakery goods. Dark chocolate lowers blood pressure, shields the skin from dehydration, supports the operations of the heart, and offers many other advantages.

The main types of chocolate are milk chocolate, dark chocolate, and white chocolate. Milk chocolate refers to a chocolate bar that cannot be referred to as milk chocolate unless it contains at least 12% milk. There are various applications that involve food and beverages and distribution, including supermarkets and hypermarkets, specialty retailers, convenience stores, online channels, and others.

The chocolate market covered in this report is segmented –

1) By Type: Milk Chocolate, Dark Chocolate, White Chocolate

2) By Application: Food, Beverages

3) By Distribution: Supermarkets/ Hypermarkets, Specialist Retailers, Convenience Stores, Online Channel, Other Distributions

The chocolate market size has grown steadily in recent years. It will grow from $135.11 billion in 2023 to $140.97 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The  growth in the historic period can be attributed to globalization and trade expansion, shift in consumer preferences, marketing and branding strategies, economic trends and affordability, cocoa price fluctuations..

The chocolate market size is expected to see steady growth in the next few years. It will grow to $168.73 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to innovative product offerings, rising demand for premium chocolates, evolving snacking culture, expansion of e-commerce channels, clean label and natural ingredients.. Major trends in the forecast period include health and wellness preferences, sustainability and ethical sourcing, innovation in flavors and varieties, premiumization and luxury segment growth, convenience and snacking culture..

Chocolate Market Thrives On The Surge In Internet Penetration And Online Sales

Increasing internet penetration for online sales is expected to propel the growth of the chocolate market going forward. Internet penetration rate refers to the percentage of people who have access to the internet, as expressed by the number of internet users and the sales made through the internet. The internet has replaced retail and mail-order sales with online distribution and interaction channels, while social media platforms have provided the personal touch that the internet needed. An increase in internet penetration for online sales is key to the market for online chocolate sales. For instance, according to a report by DataReportal, a Singapore-based free data and information provider, 5.16 billion people globally use the internet at the beginning of 2023, representing 64.4% of the global population. Also, internet users continue to grow with connected global population rising by 100 million in 12 months to January 2023. In addition, in January 2022, according to Optinmonster, a US-based internet, e-commerce, and web hosting company, online shopping was expanding at such a rapid pace that the global online shopping market was expected to exceed $4 trillion by 2020. In the United States alone, 300 million online shoppers are expected by 2023. That is 91% of the current population of the country. So far, 69% of Americans have shopped online, with 25% shopping at least once a month. Therefore, an increase in internet penetration for online sales is driving the growth of the chocolate market.

Surging Demand For Chocolate Snacks Propels Growth In The Global Chocolate Market

The increasing demand for chocolate snacks is expected to propel the growth of the chocolate market in the coming years. Chocolate snacks include a variety of delectable delicacies that mix the rich, decadent flavor of chocolate with a variety of ingredients and shapes, such as chocolate-covered biscuits, almonds, and truffles. Chocolate is used in chocolate snacks as coating, filling, layering, stuffing, and flavor to make several snacks to suit diverse tastes and preferences, ranging from basic coated nibbles to sophisticated layered confections. For instance, in June 2022, according to Agriculture and Agri-Food Canada, a Canada-based government division in charge of federal agriculture regulation, Japan had total retail sales of US$6.9 billion in 2021 for chocolate confectionery (74%), and chocolate-coated biscuit snacks (26%). Similarly, Japan bought cocoa and cocoa preparations worth US$1.0 billion (267,200 metric tons) from the world in 2021. Therefore, the increasing demand for chocolate snacks is driving the chocolate market.

Major companies operating in the chocolate market report are Barry Callebaut, The Hershey Company, Nestle SA, Mars Incorporated, Lotte Corporation, Mondelez International Inc., Chocoladefabriken Lindt & Sprüngli AG, Ferrero SpA, Lake Champlain Chocolates, Cémoi Group, Olam International Limited, Koninklijke DSM N.V., Kerry Group PLC, Delfi Limited, Tate & Lyle PLC, Meiji Holdings Co. Ltd., Ezaki Glico Co. Ltd., Crown Confectionery Co. Ltd., Haribo GmbH & Co. KG, Arcor Group, Moonstruck Chocolate Company, Blommer Chocolate Company, Patric Chocolate LLC, Perugina S.p.A., TCHO Ventures Inc., Theo Chocolate Inc., Thorntons Limited, Alter Eco Americas PBC, Endangered Species Chocolate LLC, Divine Chocolate Limited, Green & Black's Limited, Guylian NV .

Ferrero Spa's Chocolate Market Reinforcement Through Innovative Ferrero Rocher Tablets

Product innovations are a key trend gaining popularity in the chocolate market. Major companies in the chocolate market are focusing on product innovations to strengthen their position in the market. For instance, in September 2021, Ferrero SpA, an Italy-based company and manufacturer of branded chocolate and confectionery products, launched Ferrero Rocher tablets. Ferrero's competitive position in the premium chocolate industry will be strengthened with the entry of Ferrero Rocher Tablets into the quickly growing premium chocolate tablet sector. Ferrero Rocher fans will recognize the distinctive chocolate form as being faithful to what they expect from the brand, as well as the multisensory flavor. The development of this new product innovation is another step forward in the chocolate market.

The Hershey Company And Ocean Spray Cranberries Join Forces To Craft Real Fruit Chocolate Snack Delights

Major companies operating in the chocolate market are adopting a strategic partnership approach, aiming to establish a collection of delicious sweets created from actual fruit. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in May 2023, The Hershey Company, a US-based chocolate and snack company, announced a partnership with Ocean Spray Cranberries, Inc. to produce a product line made of real fruit. The new snack collection includes milk chocolate-covered cranberry bites and dark chocolate-coated cherry-infused cranberry bites, which surprise the taste buds with sweet tastes. The cooperation with Hershey allows for surprising taste pairings in multi-serve lockable pouches in both 5oz and 8oz sizes for the entire family to munch on the move and is excellent to combine into trail mix and smother on top of ice cream. Ocean Spray Cranberries, Inc. is a US-based cooperative of farmers that cultivates cranberries.

Barry Callebaut Boosts Specialty Chocolate Capabilities With Europe Chocolate Company Acquisition

In September 2021, Barry Callebaut, a Switzerland-based chocolate manufacturer, acquired Europe Chocolate Company for an undisclosed amount. The strategic purchase enables Barry Callebaut to meet the rising demand from food manufacturers for highly personalized specialty chocolate and decorations. Europe Chocolate Company is a Belgium-based industrially specialized chocolate and decoration manufacturer for the bread, ice cream, dairy, biscuit, confectionery, and restaurant sectors.

Europe was the largest region in the chocolate market in 2023. The regions covered in the chocolate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the chocolate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The chocolate market consists of sales of cocoa butter, cocoa liquor and cocoa powder. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The chocolate market research report is one of a series of new reports from The Business Research Company that provides chocolate market statistics, including chocolate industry global market size, regional shares, competitors with a chocolate market share, detailed chocolate market segments, market trends and opportunities, and any further data you may need to thrive in the chocolate industry. This chocolate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Chocolate Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $140.97 billion
Revenue Forecast In 2033 $168.73 billion
Growth Rate CAGR of 4.6% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Type: Milk Chocolate, Dark Chocolate, White Chocolate
2) By Application: Food, Beverages
3) By Distribution: Supermarkets/ Hypermarkets, Specialist Retailers, Convenience Stores, Online Channel, Other Distributions
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Barry Callebaut; The Hershey Company; Nestle SA; Mars Incorporated; Lotte Corporation; Mondelez International Inc.; Chocoladefabriken Lindt & Sprüngli AG; Ferrero SpA; Lake Champlain Chocolates; Cémoi Group; Olam International Limited; Koninklijke DSM N.V.; Kerry Group PLC; Delfi Limited; Tate & Lyle PLC; Meiji Holdings Co. Ltd.; Ezaki Glico Co. Ltd.; Crown Confectionery Co. Ltd.; Haribo GmbH & Co. KG; Arcor Group; Moonstruck Chocolate Company; Blommer Chocolate Company; Patric Chocolate LLC; Perugina S.p.A.; TCHO Ventures Inc.; Theo Chocolate Inc.; Thorntons Limited; Alter Eco Americas PBC; Endangered Species Chocolate LLC; Divine Chocolate Limited; Green & Black's Limited; Guylian NV
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Chocolate Market Characteristics

    3. Chocolate Market Trends And Strategies

    4. Chocolate Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On the Market

    4.2. Ukraine-Russia War Impact On the Market

    4.3. COVID-19 Impact On the Market

    5. Global Chocolate Market Size and Growth

    5.1. Global Chocolate Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Chocolate Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Chocolate Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Chocolate Market Segmentation

    6.1. Global Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Milk Chocolate

    Dark Chocolate

    White Chocolate

    6.2. Global Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Food

    Beverages

    6.3. Global Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Supermarkets/ Hypermarkets

    Specialist Retailers

    Convenience Stores

    Online Channel

    Other Distrubutions

    7. Chocolate Market Regional And Country Analysis

    7.1. Global Chocolate Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Chocolate Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Chocolate Market  

    8.1. Asia-Pacific Chocolate Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Chocolate Market  

    9.1. China Chocolate Market Overview  

    9.2. China Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Chocolate Market  

    10.1. India Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Chocolate Market  

    11.1. Japan Chocolate Market Overview  

    11.2. Japan Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Chocolate Market  

    12.1. Australia Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Chocolate Market  

    13.1. Indonesia Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Chocolate Market  

    14.1. South Korea Chocolate Market Overview  

    14.2. South Korea Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Chocolate Market  

    15.1. Western Europe Chocolate Market Overview

    15.2. Western Europe Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Chocolate Market  

    16.1. UK Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Chocolate Market  

    17.1. Germany Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Chocolate Market  

    18.5. France Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.6. France Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.7. France Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Chocolate Market  

    19.9. Italy Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.10. Italy Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.11. Italy Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Chocolate Market  

    20.13. Spain Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.14. Spain Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.15. Spain Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Chocolate Market  

    21.1. Eastern Europe Chocolate Market Overview

    21.2. Eastern Europe Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Chocolate Market  

    22.1. Russia Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Chocolate Market  

    23.1. North America Chocolate Market Overview

    23.2. North America Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Chocolate Market  

    24.1. USA Chocolate Market Overview

    24.2. USA Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Chocolate Market  

    25.1. Canada Chocolate Market Overview

    25.2. Canada Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Chocolate Market  

    26.1. South America Chocolate Market Overview

    26.2. South America Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Chocolate Market  

    27.1. Brazil Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Chocolate Market  

    28.1. Middle East Chocolate Market Overview

    28.2. Middle East Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Chocolate Market  

    29.1. Africa Chocolate Market Overview

    29.2. Africa Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Chocolate Market Competitive Landscape And Company Profiles

    30.1. Chocolate Market Competitive Landscape

    30.2. Chocolate Market Company Profiles

    30.2.1. Barry Callebaut AG

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Mondelez International Inc.

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Nestlé S.A.

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. The Hershey Company

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Ferrero Group

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Global Chocolate Market Competitive Benchmarking

    32. Global Chocolate Market Competitive Dashboard

    33. Key Mergers And Acquisitions In The Chocolate Market

    34. Chocolate Market Future Outlook and Potential Analysis

    34.1 Chocolate Market In 2028 - Countries Offering Most New Opportunities

    34.2 Chocolate Market In 2028 - Segments Offering Most New Opportunities

    34.3 Chocolate Market In 2028 - Growth Strategies

    34.3.1 Market Trend Based Strategies

    34.3.2 Competitor Strategies

    35. Appendix

    35.1. Abbreviations

    35.2. Currencies

    35.3. Historic And Forecast Inflation Rates

    35.4. Research Inquiries

    35.5. The Business Research Company

    35.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Chocolate Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Chocolate Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Barry Callebaut AG Financial Performance
  • Table 75: Mondelez International Inc. Financial Performance
  • Table 76: Nestlé S.A. Financial Performance
  • Table 77: The Hershey Company Financial Performance
  • Table 78: Ferrero Group Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Chocolate Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Chocolate Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Chocolate Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Chocolate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Chocolate Market, Segmentation By Distrubution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Barry Callebaut AG Financial Performance
  • Figure 75: Mondelez International Inc. Financial Performance
  • Figure 76: Nestlé S.A. Financial Performance
  • Figure 77: The Hershey Company Financial Performance
  • Figure 78: Ferrero Group Financial Performance
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Frequently Asked Questions

What is the definition of the chocolate market?

Chocolate refers to a cacao seed preparation that has been roasted, husked, and ground, it is frequently sweetened and flavored, as with vanilla. It is used to manufacture beverages, flavor, or coat different confections and bakery goods. Dark chocolate lowers blood pressure, shields the skin from dehydration, supports the operations of the heart, and offers many other advantages. For further insights on the chocolate market, request a sample here

How will the chocolate market drivers and restraints affect the chocolate market dynamics? What forces will shape the chocolate industry going forward?

The chocolate market major growth driver - chocolate market thrives on the surge in internet penetration and online sales. For further insights on the chocolate market, request a sample here

What is the forecast market size or the forecast market value of the chocolate market ?

The chocolate confectionery market size has grown strongly in recent years. It will grow from $181.04 billion in 2023 to $190.8 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to cultural significance of chocolate, globalization and accessibility, advertising and branding, rising disposable income, product innovation and variety, gift-giving tradition. The chocolate confectionery market size is expected to see steady growth in the next few years. It will grow to $228.01 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to premiumization and artisanal offerings, sustainable and ethical sourcing, innovations in chocolate formats, functional ingredients and claims, global economic trends. Major trends in the forecast period include introduction of functional and healthy ingredients, innovative flavor combinations and infusions, customization and personalization, digitalization in marketing and sales,shift towards dark chocolate and healthier alternatives. For further insights on the chocolate market, request a sample here

How is the chocolate market segmented?

The chocolate market is segmented
1) By Type: Milk Chocolate, Dark Chocolate, White Chocolate
2) By Application: Food, Beverages
3) By Distrubution: Supermarkets/ Hypermarkets, Specialist Retailers, Convenience Stores, Online Channel, Other DistrubutionsFor further insights on the chocolate market, request a sample here

Which region has the largest share of the chocolate market? What are the other regions covered in the report?

Europe was the largest region in the chocolate market in 2023. The regions covered in the chocolate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the chocolate market, request a sample here.

Who are the major players in the chocolate market?

Major companies operating in the chocolate market report are Barry Callebaut, The Hershey Company, Nestle SA, Mars Incorporated, Lotte Corporation, Mondelez International Inc., Chocoladefabriken Lindt & Sprüngli AG, Ferrero SpA, Lake Champlain Chocolates, Cémoi Group, Olam International Limited, Koninklijke DSM N.V., Kerry Group PLC, Delfi Limited, Tate & Lyle PLC, Meiji Holdings Co. Ltd., Ezaki Glico Co. Ltd., Crown Confectionery Co. Ltd., Haribo GmbH & Co. KG, Arcor Group, Moonstruck Chocolate Company, Blommer Chocolate Company, Patric Chocolate LLC, Perugina S.p.A., TCHO Ventures Inc., Theo Chocolate Inc., Thorntons Limited, Alter Eco Americas PBC, Endangered Species Chocolate LLC, Divine Chocolate Limited, Green & Black's Limited, Guylian NV . For further insights on the chocolate market, request a sample here.

What are the key trends in the chocolate market?

Major trend in the chocolate market - ferrero spa's chocolate market reinforcement through innovative ferrero rocher tablets. For further insights on the chocolate market, request a sample here.

What are the major opportunities in the chocolate market? What are the strategies for the chocolate market?

For detailed insights on the major opportunities and strategies in the chocolate market, request a sample here.

How does the chocolate market relate to the overall economy and other similar markets?

For detailed insights on chocolate market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the chocolate industry?

For detailed insights on the mergers and acquisitions in the chocolate industry, request a sample here.

What are the key dynamics influencing the chocolate market growth? SWOT analysis of the chocolate market.

For detailed insights on the key dynamics influencing the chocolate market growth and SWOT analysis of the chocolate industry, request a sample here.