Global Chocolate Market

31st May, 2021

Factors such as rising disposable income in growing economies and rising awareness about health benefits of chocolate such as anti-oxidant among people are fostering the demand for chocolate across the globe. The global chocolate market is projected to reach $56 billion by 2030. The chocolate industry is witnessing the rapid innovation in the terms of flavor and packaging. Apart from this, growing popularity of chocolate is envisioned to bolster the growth of the market. Addition to that, various major companies are expanding their presence across many developing countries which bodes well for the growth of the market.

Market Segmentation:

This report segments the global chocolate market into product type, price range and distribution channels. The chocolate market, by product type is segmented into dark chocolate, milk chocolate, white chocolate and other chocolates. The chocolate segment is also further segmented by price range into premium, medium and economy. In price range segment, premium dark chocolate market is expected to witness exponential growth over the forecast period. This can be attributed to increasing demand for premium chocolates in festive seasons. On the basis of distribution channels, the global chocolate market is segmented into supermarket/hypermarket, chocolate stores, online stores and others. In 2020, supermarket/hypermarket segment held the largest percentage share of the global chocolate market by distribution channel.

In the terms of geography, the global chocolate market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. In 2020, Europe grabbed the major market of the chocolate. However, Asia-Pacific is poised to grow at significant CAGR during the forecast period. India chocolate market is expected to grow at faster rate as compared to other countries in Asia Pacific.

Competitive Landscape:

The report offers comprehensive coverage of major vendors including recent product development & industrial activities, company overview, insights on business strategy & financial performance, company SWOT analysis etc.

Some of the key players mentioned in the report are Delfi Limited (Singapore), Ezaki Glico Co., Ltd. (Japan), Ferrero SpA (Italy), Lindt & Sprngli AG (Switzerland), Lotte Chocolate Co. Ltd. (South Korea), Mars, Incorporated (U.S.), Mondelez International, Inc. (U.S.), Nestle S.A. (Switzerland), The Hershey Company (U.S.), and Wm. Wrigley Jr. Company (U.S.).

Scope of the report:

This market report provides in-depth market analysis and insight of market drivers, challenges, trends & opportunities.

Segments Covered:

Chocolate Market by Product Type

  • White
  • Milk
  • Dark
  • Others

Chocolate Market by Price Range

  • Premium
  • Medium
  • Economy

Chocolate Market by Distribution Channel

  • Supermarket/Hypermarket
  • Chocolate Stores
  • Online Stores
  • Others

Chocolate Market by Region

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

Report Structure

The chocolate market report offers a comprehensive market breakdown on the basis of value, volume, CAGR, and Y-o-Y growth. A market attractiveness analysis on the basis of product type, price range, distribution channel and region is also provided in the report which helps you build a 360 degree perspective on the chocolate market.

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