Chocolate Market (2024-2030) | Size, Value, Industry, Share, Revenue, Forecast, Trends, Growth, Analysis

Market Forecast By Product Type (Dark Chocolate, Milk Chocolate, White Chocolate), By Chocolate Type (Count Lines & Straight Lines, Molded or Bar Chocolates, Choco-Panned & Sugar Panned and Others including Box Chocolates and Novelties), By Distribution Channels (Supermarket and Hypermarkets, Convenience Stores, Online Channels, Grocery/ Mom n Pop Stores and Others including Specialized Retailers, Pharmacy, etc), By Regions (North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa) and Competitive Landscape

Product Code: ETC001357 Publication Date: Nov 2024 Updated Date: Nov 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 300 No. of Figures: 73 No. of Tables: 48

Chocolate Market Highlights

Report Name Chocolate Market
Report Category / Coverage Global
CAGR 4.6%
Market Size USD 180 Billion by 2030
Growing Sector Commercial
Forecast Period 2024-2030

Topics Covered in the Chocolate Market Report

Chocolate Market report thoroughly covers the by distribution channel, by product type, by chocolate type and by region. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Chocolate Market Size Analysis

The Chocolate market has been experiencing significant growth over the past few years. As of 2024, the market is valued at approximately USD 138 billion. Further, the Global Market is projected to expand at a CAGR of 4.6% from 2024 to 2030. Additionally, by 2030, the market size is expected to reach around $180 billion.

Chocolate Market Synopsis

The chocolate market has experienced substantial growth over the past decade, driven by evolving consumer preferences and increasing demand for premium and organic products. As health-conscious trends continue to influence buying habits, there is a notable shift towards dark chocolate, which is often perceived as a healthier option due to its higher cocoa content and relative nutritional benefits. The market is also expanding into new geographical regions, with Asia-Pacific emerging as a significant player due to rising disposable incomes and changing diets. Additionally, innovations in flavors, packaging, and sustainable sourcing are further propelling market dynamics, catering to environmentally and socially conscious consumers.

According to 6Wresearch, the Chocolate Market revenue is expected to reach at a significant CAGR of 4.6% during the forecast period 2024-2030. One primary driver is the increasing demand for premium and artisanal chocolates, which cater to consumers seeking unique flavors and high-quality products. Additionally, the rising popularity of chocolate in emerging markets, due to increased disposable incomes and westernization of diets, contributes significantly to market growth. Technological advancements in production processes also enable manufacturers to enhance efficiency and product innovation.

Sustainability concerns, particularly regarding cocoa farming practices, have prompted the industry to adopt more ethical sourcing methods, which can be costly and complex to implement. Additionally, fluctuating cocoa prices due to climate change and geopolitical instability pose financial risks for producers. Health-conscious consumers represent another challenge, as they increasingly opt for healthier snack alternatives, requiring manufacturers to innovate with healthier chocolate options to maintain relevance.

Chocolate Market Trends

  • Growing Demand for Premium Chocolate – Consumers are increasingly seeking high-quality, premium chocolate products, driving growth in the market. This shift is fueled by a desire for superior taste experiences and the perceived health benefits associated with dark chocolate.
  • Rising Popularity of Organic and Fair-Trade Chocolate – There is a significant trend towards sustainable and ethically sourced chocolate. More consumers are opting for organic and fair-trade options, promoting environmental sustainability and fair compensation for cocoa farmers.
  • Health-Conscious Choices Influence - The increasing health consciousness among consumers is leading to a demand for chocolates with reduced sugar content, added nutrients, or functional benefits. This trend encourages innovation within the industry.

Investment Opportunities in the Chocolate Market

  • Premium and Artisanal Chocolate – There is a high demand for premium and artisanal chocolates, driven by consumers' preference for high-quality and unique flavors. This trend presents investment opportunities in small-batch production and specialty cocoa beans.
  • Digital and E-commerce Channels – Expanding digital and e-commerce platforms can help chocolate brands reach broader audiences with reduced overheads, making this a lucrative area for investment, particularly following the rise in online shopping dynamics.
  • Innovative Packaging and Marketing - Investments in creative packaging and innovative marketing strategies can differentiate products in a crowded market, appealing to consumers looking for a unique and engaging purchasing experience.

Leading Players of the Chocolate Market

Companies include Mars, M&M’s, Snickers, Milky way, nestle etc who have established a strong presence through innovation, quality products, and extensive distribution networks. These industry giants have not only capitalized on traditional chocolate products but have also embraced the growing trend of organic and fair-trade chocolates, underscoring their commitment to sustainability and ethical sourcing. Through strategic acquisitions, innovative product launches, and targeted marketing campaigns, these companies maintain their leadership positions in the competitive chocolate market.

Government Regulations Introduced in the Chocolate Market

The chocolate market has seen the introduction of several government regulations aimed at ensuring quality, sustainability, and ethical practices within the industry. One key area of regulation is the establishment of standards for sustainable sourcing, where governments require chocolate manufacturers to trace the origins of their cocoa beans and ensure they are not sourced from regions where deforestation or child labor is prevalent. Additionally, labeling requirements have been strengthened to provide consumers with more comprehensive information about the ingredients and nutritional content of chocolate products. These measures also include allergen disclosures, promoting transparency and consumer safety.

Future Insights of the Chocolate Market

The future of the chocolate market looks promising with several key trends and innovations poised to shape its trajectory. As consumers become more health-conscious, there is a growing demand for healthier chocolate options, including those with higher cacao content and reduced sugar levels. Additionally, sustainability practices are becoming imperative, with both consumers and producers emphasizing fair trade practices and ethical sourcing of cacao. The rise of plant-based and specialty dietary chocolates is also notable, catering to vegan, gluten-free, and dairy-free preferences. Technological advancements in production and packaging are expected to enhance product quality and environmental sustainability.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

Milk chocolate to Dominate the Market - By product type

According to Ravi Bhandari, Research Head, 6wresearch, Milk chocolate is a prominent player in the chocolate market, beloved for its creamy texture and sweet flavors. It is made by combining chocolate liquor, cocoa butter, sugar, and milk or milk powder, which gives it a smooth consistency and a lighter color compared to dark chocolate. Milk chocolate accounts for a significant share of confectionery sales worldwide, appealing to consumers of all ages due to its balanced sweetness and mild chocolate taste. It's used in a wide range of products, from bars and truffles to coatings for candy and snacks, making it a versatile and integral component of the chocolate industry.

Bar chocolate to dominate the market - By chocolate type

Bar chocolate holds a significant position in the chocolate market, serving as both a staple product and a versatile favourite among consumers. These bars come in a diverse range of flavors and formulations, from classic milk chocolate to dark, white, and specialty-infused varieties. The appeal of bar chocolate lies in its convenient packaging, making it an easy treat to enjoy or share on the go. In recent years, there has been a growing trend towards premium and artisanal bar chocolate, with an emphasis on high-quality ingredients, ethical sourcing, and unique flavors combinations.

Supermarkets and Hypermarkets to dominate the market – By distribution channel

Supermarkets and hypermarkets play a pivotal role in the chocolate market by serving as key distribution channels for chocolate manufacturers. These retail giants offer a wide variety of chocolate products, ranging from luxury brands and artisanal chocolates to mainstream and private-label options, catering to diverse consumer preferences. The extensive shelf space and high foot traffic in these stores increase product visibility and accessibility, driving sales and brand recognition. Additionally, supermarkets and hypermarkets often engage in strategic marketing initiatives, such as promotions and discounts, which can influence purchasing decisions and boost chocolate consumption.

Europe to dominate the market – By region

Europe plays a pivotal role in the chocolate market, being home to some of the most renowned chocolate brands and producers. Countries like Switzerland, Belgium, and Germany are celebrated for their exquisite chocolate creations, contributing significantly to the region's reputation as a leader in quality chocolate production. Europe's chocolate market is characterized by a diverse range of products, from premium artisanal chocolates to popular consumer varieties, catering to a wide array of tastes and preferences. This diversity reflects the rich culinary heritage and the demand for high-quality confectionery across the continent.

Key Attractiveness of the Report

  • 10 Years of Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Chocolate Market Overview
  • Chocolate Market Outlook
  • Chocolate Market Forecast
  • Historical Data of Chocolate Market Revenues for the Period 2020-2030
  • Chocolate Market Size & Chocolate Market Forecast of Revenues, Until 2030
  • Historical Data of Chocolate Market, By Product Type, for the Period 2020-2030
  • Chocolate Market Size & Chocolate Market Forecast of Revenues, By Product Type, Until 2030
  • Historical Data of Chocolate Market, By Distribution Channels, for the Period 2020-2030
  • Chocolate Market Size & Chocolate Market Forecast of Revenues, By Distribution Channels, Until 2030
  • Historical Data of Chocolate Market, By Chocolate Type, for the Period 2020-2030
  • Chocolate Market Size & Chocolate Market Forecast of Revenues, By Chocolate Type, Until 2030
  • Historical Data of North America Chocolate Market Revenues and Volume, for the Period 2020-2030
  • Market Size & Forecast of North America Chocolate Market Revenues, Until 2030
  • Historical Data of Latin America Chocolate Market Revenues and Volume, for the Period 2020-2030
  • Market Size & Forecast of the Latin America Chocolate Market Revenues, Until 2030
  • Historical Data of Europe Chocolate Market Revenues and Volume, for the Period 2020-2030
  • Market Size & Forecast of the Europe Chocolate Market Revenues, Until 2030
  • Historical Data of the Asia Pacific Chocolate Market Revenues and Volume, for the Period 2020-2030
  • Market Size & Forecast of the Asia Pacific Chocolate Market Revenues, Until 2030
  • Historical Data of the Middle East Chocolate Market Revenues and Volume, for the Period 2020-2030
  • Market Size & Forecast of the Middle East Chocolate Market Revenues, Until 2030
  • Historical Data of Africa Chocolate Market Revenues and Volume, for the Period 2020-2030
  • Market Size & Forecast of the Africa Chocolate Market Revenues, Until 2030
  • Market Drivers and Restraints
  • Chocolate Market Price Trends
  • Chocolate Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Chocolate Market Share, By Regions
  • Chocolate Market Share, By Players
  • Chocolate Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Covered

The market report has been segmented and sub segmented into the following categories:

By Product Type

  • Milk Chocolate
  • White Chocolate
  • Dark Chocolate

By Distribution Channels

  • Supermarkets/ Hypermarkets
  • Grocery/Mom-n-Pop Stores
  • Convenience Stores
  • Online Channel
  • Others (Specialized Retailers, pharmacies, etc.)

By Chocolate Type

  • Count lines & Straight lines
  • Moulded or Bar Chocolates
  • Choco-panned & Sugar panned
  • Others (Box chocolates, novelties)

By Regions

  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • Middle East
  • Africa
Chocolate Market (2024-2030): FAQs
The price of chocolate is primarily influenced by the cost of raw materials like cocoa beans, sugar, and milk.
The primary types of chocolate are dark chocolate, milk chocolate, and white chocolate. Each type varies in cocoa content, sugar, and milk, and nutritional profiles.
Dark chocolate, in particular, is rich in antioxidants known as flavonoids, which can support heart health. However, it is important to consume chocolate in moderation due to its sugar and fat content.
Fair trade chocolate is produced by companies that adhere to fair trade standards, ensuring fair wages and ethical treatment of workers.
1 Executive Summary
2 Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Chocolate Market Overview
3.1 Chocolate Market Revenues, 2020-2030F
3.2 Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
3.3 Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
3.4 Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
3.5 Chocolate Market Revenue Share, By Regions, 2020 & 2030F
3.6 Chocolate Market - Industry Life Cycle, 2023
3.7 Chocolate Market - Porter’s Five Forces
4 Chocolate Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Chocolate Market Trends
6 North America Chocolate Market Overview
6.1 North America Chocolate Market Revenues, 2020-2030F
6.2 North America Chocolate Market Revenue Share, By Countries, 2020 & 2030F
6.3 North America Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
6.4 North America Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
6.5 North America Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
6.6 USA Chocolate Market Overview
6.6.1  Country Overview
6.6.2  USA Chocolate Market Revenues, 2020-2030F
6.6.3  USA Chocolate Market Overview, By Product Type
6.6.3.1  USA Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
6.6.3.2  USA Chocolate Market Revenues, By Product Type, 2020-2030F
6.6.4  USA Chocolate Market Overview, By Distribution Channel
6.6.4.1  USA Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
6.6.4.2  USA Chocolate Market Revenues, By Distribution Channel, 2020-2030F
6.6.5  USA Chocolate Market Overview, By Chocolate Type
6.6.5.1  USA Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
6.6.5.2  USA Chocolate Market Revenues, By Chocolate Type, 2020-2030F
6.6.6  USA Chocolate Market Key Performance Indicators
6.6 Canada Chocolate Market Overview
6.6.1  Country Overview
6.6.2  Canada Chocolate Market Revenues, 2020-2030F
6.6.3  Canada Chocolate Market Overview, By Product Type
6.6.3.1  Canada Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
6.6.3.2  Canada Chocolate Market Revenues, By Product Type, 2020-2030F
6.6.4  Canada Chocolate Market Overview, By Distribution Channel
6.6.4.1  Canada Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
6.6.4.2  Canada Chocolate Market Revenues, By Distribution Channel, 2020-2030F
6.6.5  Canada Chocolate Market Overview, By Chocolate Type
6.6.5.1  Canada Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
6.6.5.2  Canada Chocolate Market Revenues, By Chocolate Type, 2020-2030F
6.6.6  Canada Chocolate Market Key Performance Indicators
6.8 Rest of North America Chocolate Market Overview
6.8.1  Rest of North America Chocolate Market Revenues, 2020-2030F
7 Latin America Chocolate Market Overview
7.1 Latin America Chocolate Market Revenues, 2020-2030F
7.2 Latin America Chocolate Market Revenue Share, By Countries, 2020 & 2030F
7.3 Latin America Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
7.4 Latin America Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
7.5 Latin America Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
7.6 Brazil Chocolate Market Overview
7.6.1  Country Overview
7.6.2  Brazil Chocolate Market Revenues, 2020-2030F
7.6.3  Brazil Chocolate Market Overview, By Product Type
7.6.3.1 Brazil Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
7.6.3.2  Brazil Chocolate Market Revenues, By Product Type, 2020-2030F
7.6.4  Brazil Chocolate Market Overview, By Distribution Channel
7.6.4.1  Brazil Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
7.6.4.2  Brazil Chocolate Market Revenues, By Distribution Channel, 2020-2030F
7.6.5  Brazil Chocolate Market Overview, By Chocolate Type
7.6.5.1  Brazil Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
7.6.5.2  Brazil Chocolate Market Revenues, By Chocolate Type, 2020-2030F
7.6.6  Brazil Chocolate Market Key Performance Indicators
7.7 Mexico Chocolate Market Overview
7.7.1  Country Overview
7.7.2  Mexico Chocolate Market Revenues, 2020-2030F
7.7.3  Mexico Chocolate Market Overview, By Product Type
7.7.3.1  Mexico Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
7.7.3.2  Mexico Chocolate Market Revenues, By Product Type, 2020-2030F
7.7.4  Mexico Chocolate Market Overview, By Distribution Channel
7.7.4.1  Mexico Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
7.7.4.2  Mexico Chocolate Market Revenues, By Distribution Channel, 2020-2030F
7.7.5  Mexico Chocolate Market Overview, By Chocolate Type
7.7.5.1  Mexico Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
7.7.5.2  Mexico Chocolate Market Revenues, By Chocolate Type, 2020-2030F
7.7.6  Mexico Chocolate Market Key Performance Indicators
7.8 Rest of Latin America Chocolate Market Overview
7.8.1  Rest of Latin America Chocolate Market Revenues, 2020-2030F
8 Europe Chocolate Market Overview
8.1 Europe Chocolate Market Revenues, 2020-2030F
8.2 Europe Chocolate Market Revenue Share, By Countries, 2020 & 2030F
8.3 Europe Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
8.4 Europe Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
8.5 Europe Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
8.6 Russia Chocolate Market Overview
8.6.1  Country Overview
8.6.2  Russia Chocolate Market Revenues, 2020-2030F
8.6.3  Russia Chocolate Market Overview, By Product Type
8.6.3.1  Russia Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
8.6.3.2  Russia Chocolate Market Revenues, By Product Type, 2020-2030F
8.6.4  Russia Chocolate Market Overview, By Distribution Channel
8.6.4.1  Russia Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
8.6.4.2  Russia Chocolate Market Revenues, By Distribution Channel, 2020-2030F
8.6.5  Russia Chocolate Market Overview, By Chocolate Type
8.6.5.1  Russia Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
8.6.5.2  Russia Chocolate Market Revenues, By Chocolate Type, 2020-2030F
8.6.6  Russia Chocolate Market Key Performance Indicators
8.7 Germany Chocolate Market Overview
8.7.1  Country Overview
8.7.2  Germany Chocolate Market Revenues, 2020-2030F
8.7.3  Germany Chocolate Market Overview, By Product Type
8.7.3.1  Germany Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
8.7.3.2  Germany Chocolate Market Revenues, By Product Type, 2020-2030F
8.7.4  Germany Chocolate Market Overview, By Distribution Channel
8.7.4.1 Germany Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
8.7.4.2  Germany Chocolate Market Revenues, By Distribution Channel, 2020-2030F
8.7.5  Germany Chocolate Market Overview, By Chocolate Type
8.7.5.1 Germany Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
8.7.5.2  Germany Chocolate Market Revenues, By Chocolate Type, 2020-2030F
8.7.6  Germany Chocolate Market Key Performance Indicators
8.8 UK Chocolate Market Overview
8.8.1  Country Overview
8.8.2  UK Chocolate Market Revenues, 2020-2030F
8.8.3 UK Chocolate Market Overview, By Product Type
8.8.3.1  UK Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
8.8.3.2  UK Chocolate Market Revenues, By Product Type, 2020-2030F
8.8.4 UK Chocolate Market Overview, By Distribution Channel
8.8.4.1  UK Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
8.8.4.2  UK Chocolate Market Revenues, By Distribution Channel, 2020-2030F
8.8.5  UK Chocolate Market Overview, By Chocolate Type
8.8.5.1  UK Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
8.8.5.2  UK Chocolate Market Revenues, By Chocolate Type, 2020-2030F
8.8.6  UK Chocolate Market Key Performance Indicators
8.9 France Chocolate Market Overview
8.9.1  Country Overview
8.9.2  France Chocolate Market Revenues, 2020-2030F
8.9.3  France Chocolate Market Overview, By Product Type
8.9.3.1 France Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
8.9.3.2  France Chocolate Market Revenues, By Product Type, 2020-2030F
8.9.4  France Chocolate Market Overview, By Distribution Channel
8.9.4.1  France Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
8.9.4.2  France Chocolate Market Revenues, By Distribution Channel, 2020-2030F
8.9.5  France Chocolate Market Overview, By Chocolate Type
8.9.5.1  France Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
8.9.5.2  France Chocolate Market Revenues, By Chocolate Type, 2020-2030F
8.9.6  France Chocolate Market Key Performance Indicators
8.1 Rest of Europe Chocolate Market Overview
8.8.1 Rest of Europe Chocolate Market Revenues, 2020-2030F
9 Asia Pacific Chocolate Market Overview
9.1 Asia Pacific Chocolate Market Revenues, 2020-2030F
9.2 Asia Pacific Chocolate Market Revenue Share, By Countries, 2020 & 2030F
9.3 Asia Pacific Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
9.4 Asia Pacific Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
9.5 Asia Pacific Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
9.6 China Chocolate Market Overview
9.6.1  Country Overview
9.6.2 China Chocolate Market Revenues, 2020-2030F
9.6.3  China Chocolate Market Overview, By Product Type
9.6.3.1  China Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
9.6.3.2  China Chocolate Market Revenues, By Product Type, 2020-2030F
9.6.4  China Chocolate Market Overview, By Distribution Channel
9.6.4.1  China Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
9.6.4.2  China Chocolate Market Revenues, By Distribution Channel, 2020-2030F
9.6.5  China Chocolate Market Overview, By Chocolate Type
9.6.5.1  China Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
9.6.5.2  China Chocolate Market Revenues, By Chocolate Type, 2020-2030F
9.6.6  China Chocolate Market Key Performance Indicators
9.7 India Chocolate Market Overview
9.7.1  Country Overview
9.7.2  India Chocolate Market Revenues, 2020-2030F
9.7.3  India Chocolate Market Overview, By Product Type
9.7.3.1  India Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
9.7.3.2 India Chocolate Market Revenues, By Product Type, 2020-2030F
9.7.4  India Chocolate Market Overview, By Distribution Channel
9.7.4.1  India Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
9.7.4.2  India Chocolate Market Revenues, By Distribution Channel, 2020-2030F
9.7.5  India Chocolate Market Overview, By Chocolate Type
9.7.5.1 India Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
9.7.5.2  India Chocolate Market Revenues, By Chocolate Type, 2020-2030F
9.7.6  India Chocolate Market Key Performance Indicators
9.8 Indonesia Chocolate Market Overview
9.8.1  Country Overview
9.8.2  Indonesia Chocolate Market Revenues, 2020-2030F
9.8.3  Indonesia Chocolate Market Overview, By Product Type
9.8.3.1  Indonesia Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
9.8.3.2  Indonesia Chocolate Market Revenues, By Product Type, 2020-2030F
9.8.4  Indonesia Chocolate Market Overview, By Distribution Channel
9.8.4.1  Indonesia Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
9.8.4.2  Indonesia Chocolate Market Revenues, By Distribution Channel, 2020-2030F
9.8.5  Indonesia Chocolate Market Overview, By Chocolate Type
9.8.5.1  Indonesia Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
9.8.5.2  Indonesia Chocolate Market Revenues, By Chocolate Type, 2020-2030F
9.8.6 Indonesia Chocolate Market Key Performance Indicators
9.9 Japan Chocolate Market Overview
9.9.1  Country Overview
9.9.2  Japan Chocolate Market Revenues, 2020-2030F
9.9.3  Japan Chocolate Market Overview, By Product Type
9.9.3.1  Japan Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
9.9.3.2  Japan Chocolate Market Revenues, By Product Type, 2020-2030F
9.9.4  Japan Chocolate Market Overview, By Distribution Channel
9.9.4.1  Japan Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
9.9.4.2  Japan Chocolate Market Revenues, By Distribution Channel, 2020-2030F
9.9.5  Japan Chocolate Market Overview, By Chocolate Type
9.9.5.1  Japan Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
9.9.5.2  Japan Chocolate Market Revenues, By Chocolate Type, 2020-2030F
9.9.6  Japan Chocolate Market Key Performance Indicators
9.1 Rest Asia Pacific Chocolate Market Overview
9.1.1  Rest of Asia Pacific Chocolate Market Revenues, 2020-2030F
10 Middle East Chocolate Market Overview
10.1 Middle East Chocolate Market Revenues, 2020-2030F
10.2 Middle East Chocolate Market Revenue Share, By Countries, 2020 & 2030F
10.3 Middle East Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
10.4 Middle East Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
10.5 Middle East Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
10.1 Saudi Arabia Chocolate Market Overview
10.10.1 Country Overview
10.10.2 Saudi Arabia Chocolate Market Revenues, 2020-2030F
10.10.3 Saudi Arabia Chocolate Market Overview, By Product Type
10.10.3.1 Saudi Arabia Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
10.10.3.2 Saudi Arabia Chocolate Market Revenues, By Product Type, 2020-2030F
10.10.4 Saudi Arabia Chocolate Market Overview, By Distribution Channel
10.10.4.1  Saudi Arabia Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
10.10.4.2  Saudi Arabia Chocolate Market Revenues, By Distribution Channel, 2020-2030F
10.10.5  Saudi Arabia Chocolate Market Overview, By Chocolate Type
10.10.5.1 Saudi Arabia Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
10.10.5.2  Saudi Arabia Chocolate Market Revenues, By Chocolate Type, 2020-2030F
10.10.10  Saudi Arabia Chocolate Market Key Performance Indicators
10.7 UAE Chocolate Market Overview
10.7.1  Country Overview
10.7.2  UAE Chocolate Market Revenues, 2020-2030F
10.7.3  UAE Chocolate Market Overview, By Product Type
10.7.3.1  UAE Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
10.7.3.2  UAE Chocolate Market Revenues, By Product Type, 2020-2030F
10.7.4  UAE Chocolate Market Overview, By Distribution Channel
10.7.4.1  UAE Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
10.7.4.2 UAE Chocolate Market Revenues, By Distribution Channel, 2020-2030F
10.7.5 UAE Chocolate Market Overview, By Chocolate Type
10.7.5.1  UAE Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
10.7.5.2 UAE Chocolate Market Revenues, By Chocolate Type, 2020-2030F
10.7.10 UAE Chocolate Market Key Performance Indicators
10.8 Turkey Chocolate Market Overview
10.8.1  Country Overview
10.8.2  Turkey Chocolate Market Revenues, 2020-2030F
10.8.3  Turkey Chocolate Market Overview, By Product Type
10.8.3.1  Turkey Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
10.8.3.2 Turkey Chocolate Market Revenues, By Product Type, 2020-2030F
10.8.4  Turkey Chocolate Market Overview, By Distribution Channel
10.8.4.1  Turkey Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
10.8.4.2  Turkey Chocolate Market Revenues, By Distribution Channel, 2020-2030F
10.8.5  Turkey Chocolate Market Overview, By Chocolate Type
10.8.5.1  Turkey Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
10.8.5.2  Turkey Chocolate Market Revenues, By Chocolate Type, 2020-2030F
10.8.10  Turkey Chocolate Market Key Performance Indicators
10.9 Rest of Middle East Chocolate Market Overview
10.9.1  Rest of Middle East Chocolate Market Revenues, 2020-2030F
11 Africa Chocolate Market Overview
11.1 Africa Chocolate Market Revenues, 2020-2030F
11.2 Africa Chocolate Market Revenue Share, By Countries, 2020 & 2030F
11.3 Africa Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
11.4 Africa Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
11.5 Africa Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
11.6 South Africa Chocolate Market Overview
11.6.1 Country Overview
11.6.2 South Africa Chocolate Market Revenues, 2020-2030F
11.6.3 South Africa Chocolate Market Overview, By Product Type
11.6.3.1 South Africa Chocolate Market Revenue Share, By Product Type, 2020 & 2030F
11.6.3.2 South Africa Chocolate Market Revenues, By Product Type, 2020-2030F
11.6.4 South Africa Chocolate Market Overview, By Distribution Channel
11.6.4.1 South Africa Chocolate Market Revenue Share, By Distribution Channel, 2020 & 2030F
11.6.4.2 South Africa Chocolate Market Revenues, By Distribution Channel, 2020-2030F
11.6.5 South Africa Chocolate Market Overview, By Chocolate Type
11.6.5.1 South Africa Chocolate Market Revenue Share, By Chocolate Type, 2020 & 2030F
11.6.5.2 South Africa Chocolate Market Revenues, By Chocolate Type, 2020-2030F
11.6.6 South Africa Chocolate Market Key Performance Indicators
11.7 Rest of Africa Chocolate Market Overview
11.7.1 Rest of Africa Chocolate Market Revenues, 2020-2030F
12 Chocolate Market Price Trend Analysis, By Regions
12.1 Middle East Chocolate Market Price Trend Analysis, 2020-2030F
12.2 North America Chocolate Market Price Trend Analysis, 2020-2030F
12.3 Latin America Chocolate Market Price Trend Analysis, 2020-2030F
12.4 Asia Pacific Chocolate Market Price Trend Analysis, 2020-2030F
12.5 Europe Chocolate Market Price Trend Analysis, 2020-2030F
12.6 Africa Chocolate Market Price Trend Analysis, 2020-2030F
13 Chocolate Market Opportunity Assessment
13.1 Chocolate Market Opportunity Assessment, By Regions, 2030F
14 Chocolate Market Competitive Landscape
14.1 Chocolate Market Revenue Share, By Company
14.1.1 North America Chocolate Market Revenue Share, By Companies, 2023
14.1.2 Latin America Chocolate Market Revenue Share, By Companies, 2023
14.1.3 Europe Chocolate Market Revenue Share, By Companies, 2023
14.1.4 Asia Pacific Chocolate Market Revenue Share, By Companies, 2023
14.1.5 Middle East Chocolate Market Revenue Share, By Companies, 2023
14.1.6 Africa Chocolate Market Revenue Share, By Companies, 2023
14.2 Chocolate Market Competitive Benchmarking, By Operating & Technical Parameters
15 Key Strategic Recommendations
16 Disclaimer
 

Market Forecast By Product Type (Dark Chocolate, Milk Chocolate, White Chocolate), By Chocolate Type (Count Lines & Straight Lines, Molded or Bar Chocolates, Choco-Panned & Sugar Panned and Others including Box Chocolates and Novelties), By Distribution Channels (Supermarket and Hypermarkets, Convenience Stores, Online Channels, Grocery/ Mom n Pop Stores and Others including Specialized Retailers, Pharmacy, etc), By Regions (North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa) and Competitive Landscape

Product Code: ETC001357 Publication Date: Sep 2021 Product Type: Report
Publisher: 6Wresearch No. of Pages: 300 No. of Figures: 73 No. of Tables: 48

Latest 2023 Developments of the Europe Milk Chocolate Market

The Europe Milk Chocolate Market is currently experiencing significant developments. Rising demand for organic as well as fair-trade milk chocolate is stimulating the Europe Milk Chocolate Market Share. Consumers across the continent are becoming conscious of the environmental impact as well as ethical practices of players, which led to a growth in the popularity of sustainably-sourced chocolates. The fusion of different flavours of milk chocolate is another popular trend attaining traction in the market. From fruity flavours such as citrus and berries to unusual ones such as sea salt or chilli, manufacturers in the sector are effectively experimenting with new combinations in order to cater to the transforming preferences of consumers. There is also advancement in packaging technology which ensures longer shelf life and freshness without compromising quality and taste.

Global Chocolate Market Synopsis

Increasing the disposable income of consumers coupled with shifting taste preferences from traditional sweets to confectionery products is driving the demand of the global chocolate market. Moreover, a growing population, increasing urbanization, and easy availability of the product would be some of the major factors leading to growth in demand for chocolates worldwide. Increasing competition due to the presence of a large number of players in the market would result in a decline in the prices of chocolates augmenting the growth of the global chocolate market.

According to 6Wresearch, the Global Chocolate market size is projected to grow at a CAGR of 3.5% during 2019–2025. Based on chocolate types, milk chocolate captured the majority of the market revenue share in 2018 and is expected to lead the market revenues during the forecast period as well owing to the easy availability of the product and growing consumer preference towards sweeter chocolates. However, Dark chocolate is projected to witness substantial growth over the next six years due to growing

Global Chocolate Market Overview

Europe dominates the global chocolate market owing to increasing consumer demand for dark chocolate in the region. However, the Asia Pacific region, especially emerging economies such as India, China, and Japan are projected to witness substantial revenue growth over the coming years due to the growing young population in the region.

The Global Chocolate Market report thoroughly covers the market by product type, distribution channels, chocolate type, and regions including North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The global chocolate market outlook report provides an unbiased and detailed analysis of the ongoing global chocolate market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

The global chocolate market is estimated to grow during the forecast period 2020-26F owing to rising consumer preference for traditional sweets to chocolates which are available easily in a wide variety over any distribution channels. Additionally, the introduction of premium chocolate brands cost-friendly options available, and the addition of various varied ingredients such as fruits, nuts, and caramels are expected to be the potential drivers that would trigger the growth of the global chocolate market in the coming years. Further, on the basis of types of chocolates, dark chocolate is expected to register the highest growth in the coming years owing to the rising preference for cocoa, which is highly concentrated in dark chocolate. With changing tastes and preferences, dark chocolate is expected to register sound demand in the coming years also and would benefit the Global chocolate market register potential revenues in the years to come.

The global chocolate market is expected to register sound revenues in the coming timeframe on the back of the rising tastes and preferences of consumers towards the same. Not only children but adults all over the world are also enjoying the various flavours available in chocolates and each year, the product is registering significant demand projections and as a result, is expected to leave a positive impact on the growth of the global chocolate market in the coming timeframe. Although the rising price for cocoa is posing threat to market growth and manufacturers are not witnessing a doom and gloom period in their business competitive landscape, the monotonous decline in the market is disturbing the makers. Also, the rising consciousness amongst consumers has led to a decline in the demand for the same, but since there is always one region or country which is always winning the bid in the market, so for the global chocolate market, the Nordic countries are five years ahead for the market growth owing to the increased demand for chocolates, the product being used for ritual and festive offering and increased preference for premium foods and is expected to leave a positive impact on the global chocolate market growth in the coming timeframe.

The global chocolate market is projected to secure tremendous growth during the forecast period underpinned by the increased children's consumer base replacing their sweets cravings with chocolate. On the basis of the product type, Dark chocolate is estimated to gain momentum in the coming timeframe owing to the rising growth of the fitness freak population which is leading to bring in lucrative opportunities for them to be investors and the industry to expand the market growth and is expected to boost the growth of the chocolate market in the forthcoming years.

Key Highlights of the Report

  • Global Chocolate Market Overview
  • Global Chocolate Market Outlook
  • Global Chocolate Market Forecast
  • Historical Data of Global Chocolate Market Revenues for the Period 2015-2018
  • Global Chocolate Market Size & Global Chocolate Market Forecast of Revenues, Until 2025
  • Historical Data of Global Chocolate Market, By Product Type, for the Period 2015-2018
  • Global Chocolate Market Size & Global Chocolate Market Forecast of Revenues, By Product Type, Until 2025
  • Historical Data of Global Chocolate Market, By Distribution Channels, for the Period 2015-2018
  • Global Chocolate Market Size & Global Chocolate Market Forecast of Revenues, By Distribution Channels, Until 2025
  • Historical Data of Global Chocolate Market, By Chocolate Type, for the Period 2015-2018
  • Global Chocolate Market Size & Global Chocolate Market Forecast of Revenues, By Chocolate Type, Until 2025
  • Historical Data of North America Chocolate Market Revenues and Volume, for the Period 2015-2018
  • Market Size & Forecast of North America Chocolate Market Revenues, Until 2025
  • Historical Data of Latin America Chocolate Market Revenues and Volume, for the Period 2015-2018
  • Market Size & Forecast of the Latin America Chocolate Market Revenues, Until 2025
  • Historical Data of Europe Chocolate Market Revenues and Volume, for the Period 2015-2018
  • Market Size & Forecast of the Europe Chocolate Market Revenues, Until 2025
  • Historical Data of the Asia Pacific Chocolate Market Revenues and Volume, for the Period 2015-2018
  • Market Size & Forecast of the Asia Pacific Chocolate Market Revenues, Until 2025
  • Historical Data of the Middle East Chocolate Market Revenues and Volume, for the Period 2015-2018
  • Market Size & Forecast of the Middle East Chocolate Market Revenues, Until 2025
  • Historical Data of Africa Chocolate Market Revenues and Volume, for the Period 2015-2018
  • Market Size & Forecast of the Africa Chocolate Market Revenues, Until 2025
  • Market Drivers and Restraints
  • Global Chocolate Market Price Trends
  • Global Chocolate Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Global Chocolate Market Share, By Regions
  • Global Chocolate Market Share, By Players
  • Global Chocolate Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

The Global Chocolate Market report provides a detailed analysis of the following market segments:

By Product Type

  • Milk Chocolate
  • White Chocolate
  • Dark Chocolate

By Distribution Channels

  • Supermarkets/ Hypermarkets
  • Grocery/Mom-n-Pop Stores
  • Convenience Stores
  • Online Channel
  • Others (Specialized Retailers, pharmacies, etc.)

By Chocolate Type

  • Count lines & Straight lines
  • Moulded or Bar Chocolates
  • Choco-panned & Sugar panned
  • Others (Box chocolates, novelties)

By Regions

  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • Middle East
  • Africa

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