Premium Chocolate Market Size, Share, Growth Analysis, By Product Type(Dark, Milk, and White), By Distribution Channel(Hypermarkets/Supermarkets, Specialty Stores, Online, and Others), By Region - Industry Forecast 2024-2031

Fabelle Exquisite Chocolates, a prestigious brand under ITC Ltd., collaborated with the Australian Macadamia Society and renowned Australian TV presenter and master chef Andy Allen in December 2023 to launch a range of five innovative chocolate pralines. Each praline's unique flavor profile—Sweet, Salty, Bitter, Sour, and Spicy—testifies to how it redefines the joy of savoring chocolate. In addition to having unmatched flavour, this fantastic collection aims to introduce Australian macadamia nuts to Indian consumers. Pushing the borders of convention, these pralines highlight the many uses for macadamia nuts as an ingredient, offering countless combinations with other Indian dishes and drinks.The partnership seeks to enhance the chocolate-drinking experience and introduce Indian consumers to the remarkable and diverse world of Australian macadamia nuts.

The mission-driven, socially aware chocolate company Endangered Species Chocolate will debut its newest collection of seasonal chocolate forms in May 2023 at The 2023 Sweets & Snacks Expo. Just in time for Valentine's Day 2024, this product introduction will be the brand's first seasonal giving offering and make its retail debut countrywide. The Valentine's Day debut will be followed by items for Spring, Halloween, and Winter in the seasonal line. Two varieties of the recently created chocolate shapes will be available: a 3.5 oz bag containing 48% milk chocolate and a 3.5 oz bag containing 60% dark chocolate. With 14 pieces each pouch, each inspired by the spirit of the season, customers can expect a wonderful and seasonal chocolate experience.

Turtle Island Foods Holdings, Inc. was acquired, as announced in February 2023 by Morinaga Nutritional Foods, Inc., a subsidiary. Plant-based food goods are produced by Turtle Island Foods. Turtle Islands Foods will become a fully owned subsidiary of Morinaga Nutritional Foods, Inc. due to this transaction. This would present a chance to produce healthy chocolates for the market for premium chocolate.