Global Chocolate Market Report: 2024-2030
According to MarkNtel Advisors recent report “Global Chocolate Market”. The report takes a numbers-based approach, breaking down precise data in a straightforward way. It consists of information on all the periods – past, present, and future. The report covers important topics like customer behavior, industry size, share, ongoing trends, market segments, and leading companies, and other valuable aspects related to the industry.
Key Highlights of the Report
- Market Performance (2019-2030)
- Market Outlook (2024-2030)
- Market Drivers and Challenges
- Competitive Benchmarking
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Chocolate Market Overview
The Global Chocolate Market size is valued at USD 421 billion 2023 and is estimated to grow at a CAGR of around 4.7% during the forecast period, i.e., 2024-30. The market's pivotal factors encompass an increasing desire for organic, vegan, sugar-free, and gluten-free chocolates. A rising awareness regarding the adverse impacts of synthetic products on health and the environment has led health-conscious consumers shift towards organic alternatives.
Chocolate Industry Trends
Growing Trend for Single-origin Certified Chocolates.
- The market for fine-flavored cocoa is witnessing significant growth in regions such as Europe and North America. Gourmet chocolates rely on ultra and high-end beans, while regular and lower-grade fine beans cater to premium chocolates in countries like the UK, Brazil, the US, China, India, the Netherlands, Germany, and Switzerland. This surge is fueled by health consciousness and the pursuit of more exclusive products. The trending premium cocoa market, characterized by sustainability certifications and single-origin offerings, is driving the overall growth of the Chocolate Market.
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Chocolate Market Segmentation
By Chocolate Type
- Milk Chocolate- Market Size Forecast 2019-2030F, USD Million
- White Chocolate- Market Size Forecast 2019-2030F, USD Million
- Dark Chocolate- Market Size Forecast 2019-2030F, USD Million
By Packaging Type
- Molded Bars- Market Size Forecast 2019-2030F, USD Million
- Chips Bites- Market Size Forecast 2019-2030F, USD Million
- Box Assortments- Market Size Forecast 2019-2030F, USD Million
- Chocolate Truffles- Market Size Forecast 2019-2030F, USD Million
By Application
- Food Beverages Industries- Market Size Forecast 2019-2030F, USD Million
- Bakery- Market Size Forecast 2019-2030F, USD Million
- HoReCa- Market Size Forecast 2019-2030F, USD Million
- Retail Consumption
By Category
- Synthetic Chocolates- Market Size Forecast 2019-2030F, USD Million
- Organic Chocolates- Market Size Forecast 2019-2030F, USD Million
By Sales Channel
- Offline- Market Size Forecast 2019-2030F, USD Million
- Supermarkets Hypermarkets- Market Size Forecast 2019-2030F, USD Million
- Convenience Stores- Market Size Forecast 2019-2030F, USD Million
- Brand Owned Outlets- Market Size Forecast 2019-2030F, USD Million
- Online - Market Size Forecast 2019-2030F, USD Million
Geographical Insights:
- North America
- Europe
- Asia Pacific
- Middle East/Africa
- South America
Competitive Landscape
The competitive landscape of the market has been studied in the report with detailed profiles of key players operating in the Chocolate market.
Key Players
- The Hershey Company
- Ferrero Group
- Mondelez International
- Barry Callebaut
- Cargill, Incorporated.
- Nestle [SS2]
- Mars, Incorporated its Affiliates
- Gujarat Coorperative Milk Marketing Federation (GCMMF)
- Cocoa Processing Company Limited
- Ghirardelli Chocolate Company
- Puratos
- Guittard Chocolate Company
- Valrhona
- Arcor Group
- Others (Orion, Moonstruck Chocolate Co., etc.)
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Why This Report:
- Strategic Insights: These reports aid strategic decision-making for multinational corporations, financial institutions, and governments by providing crucial market insights.
- Global Perspective: With a presence in 80+ countries, the reports offer a comprehensive view of the global market landscape, facilitating informed decision-making on both regional and international scales.
- Expertise in Niche Industries: The specialized team's expertise in niche industries and emerging geographies allows for detailed and accurate market analysis, vital for informed decision-making.
- Integrated Strategic Parameters: Covering strategic parameters such as Go-to-Market strategies, product development, and trend analysis empowers clients to develop tailored and informed strategies.
- Identifying Growth Opportunities: The reports enable clients to identify investment opportunities, emerging market trends, and white spaces, aiding in maximizing returns and gaining a competitive edge.
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