Global Chocolate Market

Chocolate Market Size, Share, Growth Analysis, By Type(Dark, Milk, White, Artificial Chocolate), By Distribution Channel(Online, Supermarkets, Convenience Stores), By Product(Softlines/Selflines, Countlines, Molded Chocolates, Other Product Types), By Application(Food, Beverages, Cosmetics, Pharmaceuticals), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30I2290 | Region: Global | Published Date: July, 2001
Pages: 163 | Tables: 121 | Figures: 77

Chocolate Market Competitive Landscape

The global chocolate market is fairly concentrated, with a few big and medium-sized market participants accounting for a large portion of Chocolate market revenue. Major players are implementing numerous tactics, including mergers and acquisitions, strategic agreements and contracts, and the development and new product lunch with more varieties.

Top Players in the Global Chocolate Market

  • Mars, Inc.
  • Mondelez International, Inc.
  • Ferrero Group
  • Nestle SA
  • The Hershey Company
  • Lindt & Sprüngli AG
  • Barry Callebaut AG
  • Meiji Co. Ltd.
  • Ezaki Glico Co., Ltd.
  • Lotte Confectionery Co., Ltd.
  • Yildiz Holding Inc.
  • Arcor Group
  • Chocoladefabriken Lindt & Sprüngli (USA) Inc.
  • Blommer Chocolate Company
  • Foley's Candies LP
  • Pladis Global
  • Orion Corp.
  • Nestle Japan Ltd.
  • CasaLuker
  • Petra Foods Limited

Chocolate Market

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FAQs

Global Chocolate Market size was valued at USD 42.29 billion in 2019 and is poised to grow from USD 46.61 billion in 2023 to USD 67.88 billion by 2031, growing at a CAGR of 4.98% in the forecast period (2024-2031).

The global chocolate market is fairly concentrated, with a few big and medium-sized market participants accounting for a large portion of Chocolate market revenue. Major players are implementing numerous tactics, including mergers and acquisitions, strategic agreements and contracts, and the development and new product lunch with more varieties. 'Mars, Inc.', 'Mondelez International, Inc.', 'Ferrero Group', 'Nestle SA', 'The Hershey Company', 'Lindt & Sprüngli AG', 'Barry Callebaut AG', 'Meiji Co. Ltd.', 'Ezaki Glico Co., Ltd.', 'Lotte Confectionery Co., Ltd.', 'Yildiz Holding Inc.', 'Arcor Group', 'Chocoladefabriken Lindt & Sprüngli (USA) Inc.', 'Blommer Chocolate Company', 'Foley's Candies LP', 'Pladis Global', 'Orion Corp.', 'Nestle Japan Ltd.', 'CasaLuker', 'Petra Foods Limited'

Demand for chocolate is rising as now the approach to consuming chocolate has changed. consumers realise the health benefits of consuming chocolates such as mood swings and heart related issues. Adaption of dark chocolates and gourmet chocolates has catered to the growth of this segment. Unique products with the inclusion of natural and organic ingredients have let the consumers come back for more.

Box chocolates have been viewed as a growing trend in the chocolate market in the last couple of years. Globally, chocolates consumption has still plenty of areas to expand relative to many illustrious regions. The growth of the chocolate market in these regions is heavily reliant on high-end and super high-end segments.

Europe dominated the global chocolate market with a market share of 35%. The increasing popularity of dark chocolate among consumers is a major factor fuelling the Chocolate market growth in the region. In the Europe region, Germany has the highest Chocolate market share in 2020 owing to increasing per capita consumption.

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Global Chocolate Market

Report ID: SQMIG30I2290

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