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 Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Chocolate Market Overview:
The primary goal of this research is to assist the user in understanding the Chocolate Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Chocolate industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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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: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Chocolate market are
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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Regional Analysis:
The report focuses on Global Regions and Market Size of Chocolate, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Chocolate Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Chocolate industry in 2021.
Key Questions Answered in the Chocolate Market Report are:
- What is the function of Chocolate?
- What is the predicted revenue generation of the Chocolate market?
- At what growth rate is the Chocolate market evolving?
- Who are the major market giants operating in the Chocolate market?
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