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Chocolate Market 2023-2029: Trends and Growth Analysis

Aishwarya Bhasme
Chocolate Market 2023-2029: Trends and Growth 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

Maximize Market Research offers a concise description of the Chocolate Market providing up-to-date snapshots and comprehensive insights into its characteristics. The report presents an overview of the market, covering standard topics that are complemented with tailored data as required. This overview serves as a valuable resource for making informed decisions on market entry and gaining a clear understanding of the current state of the Chocolate industry. The research methodology employed ensures a thorough examination of the global Chocolate market, with the logical presentation of the findings in the report.

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Chocolate Market Scope

The Chocolate# Market report offers a comprehensive understanding of the market trends, dynamics, restraints, and opportunities. The research identifies the most significant trends that will impact business operations, providing valuable insights for strategic decision-making. It delves into the competitive landscape of key companies, factors influencing market size and volume, and other aspects that contribute to shaping the current marketing plan. The report includes a SWOT analysis to identify the strengths and weaknesses of the market.

In terms of competitive analysis, the report examines key players, local players, and new entrants in the Chocolate Market. The classification criteria for manufacturers include financial status, technological advancements, quality of materials, region, revenue, joint ventures, portfolio, marketing strategies, mergers and acquisitions, strategic alliances, and social media presence. This comprehensive analysis enables a thorough assessment of the competitive landscape and helps businesses stay informed and make informed decisions.

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

For any Queries Linked with the Report, Ask an Analyst


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


11.Ezaki Glico Co Ltd

12.August Storck KG.

13.Barry Callebaut


15.Lindt & Sprüngli Ag.

16.Chocoladefabriken Lindt & Sprungli


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.

For any Queries Linked with the Report, Ask an Analyst


Regional Analysis

In 2021, the Chocolate Market was dominated by the Chocolate Region, and it is projected to experience substantial growth in the forecast period. The region's market growth is fuelled by government initiatives in the sector, as well as regulations aimed at curbing rising expenses. The Chocolate market report provides insights into the geographic landscape of the market, including revenue, along with comprehensive research on the business network structure, opportunities, and news updates.

Key Questions answered in the Chocolate Market Report are:

  • What is Chocolate Market?
  • What is the forecast period of the Chocolate Market?
  • What is the competitive scenario of the Chocolate market?
  • Which region held the largest market share in the Chocolate Market?
  • What are the opportunities for the Chocolate Market?
  • What factors are affecting the Chocolate market growth?
  • Who are the key players of the Chocolate market?
  • Which company held the largest share in the Chocolate market?
  • What will be the CAGR of the Chocolate market during the forecast period?
  • What key trends are likely to emerge in the Chocolate market in the coming years?

Key offerings:

  • Market Share, Size, and Forecast by Revenue|2022-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis by Chocolate#
  • Landscape- Leading key players and other prominent key players.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Aishwarya Bhasme
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