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The Global Chocolate Market is projected to grow at a CAGR of over 4% during 2021-2026F to reach around USD172 billion by 2026, on account of the increasing availability of premium chocolates, spurred by consumers’ desire to consume delicious chocolates and rising food culture. Other factors driving the market include growing online sales of chocolates, rising personal disposable income, and gaining popularity of organic and sugar-free chocolates, etc.Speak directly to the analyst to clarify any post sales queries you may have.
10% Free customizationThis report comes with 10% free customization, enabling you to add data that meets your specific business needs.
The Global Chocolate Market was severely affected by the low sales volume due to the COVID-19 pandemic, including supply-side issues linked to quality and certification. Also, government support in strengthening the partnership between fine cocoa producers and chocolate companies to smoothen the supply of cocoa has helped in developing the Global Chocolate Market.
Regionally, the chocolate market has been segmented into regions including Asia Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, Europe accounted for around 35% market share in value, owing to increasing health concerns and the surge in the demand for fine cocoa flavored chocolates. European consumers are willing to pay extra prices for chocolates made from fine cocoa. Also, the European consumers’ paradigm shift towards the consumption of high-quality chocolate products such as single-origin chocolates, organic chocolates, handmade chocolates, artisan chocolates, and other chocolate products, is a major factor driving the chocolate market in the region. There is a tremendous demand for dark chocolates as they have less sugar and more cocoa taste.
Mars Incorporated, Ferrero Group, The Hershey Company, Modelez International, Nestle SA, are few of the prominent players operating in the Global Chocolate Market. Nestle and Mars are also the most active companies in terms of product launches and marketing their products. The development of chocolate products to enhance the product portfolio and to capture untapped markets has driven the growth in the Global Chocolate Market. Owing to the changing tastes and preferences of consumers, there has been rapid development in chocolate products by various market players.
Years considered for this report:
- Historical Years: 2016-2020
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2026
Objective of the Study:
- To analyze the historical growth in the market size of the Global Chocolate Market from 2016 to 2020.
- To estimate and forecast the market size of the Global Chocolate Market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast the Global Chocolate Market based on category, distribution channel, company, and regional distribution.
- To identify dominant region or segment in the Global Chocolate Market.
- To identify drivers and challenges for the Global Chocolate Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Chocolate Market.
- To identify and analyze the profile of leading players operating in the Global Chocolate Market.
- To identify key sustainable strategies adopted by market players in the Global Chocolate Market.
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the globe. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across the globe.
The publisher calculated the market size of the Global Chocolate Market by using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Chocolate manufacturers, suppliers, distributors
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to chocolate.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
Report Scope:
In this report, the Global Chocolate Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Global Chocolate Market, By Product Type:
- Milk Chocolate
- Dark Chocolate
- White Chocolate
Global Chocolate Market, By Category:
- Chocolates Pouches & Bags
- Boxed Chocolates
- Countlines
- Tablets
- Others
Global Chocolate Market, By Distributional Channel:
- Supermarkets/Hypermarket
- Convenience Stores/Forecourt Retailers
- Independent Grocery Stores
- Non-Store Retailing
- Departmental Store
Global Chocolate Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
- Company Profiles: Detailed analysis of the major companies present in the Global Chocolate Market.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.
Table of Contents
1. Product Overview2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Impact of COVID-19 on Global Chocolate Market
6. Global Chocolate Market Outlook
6.1. Market Size and Forecast
6.1.1. By Value & Volume
6.2. Market Share and Forecast
6.2.1. By Product Type (Milk, Dark & White Chocolate)
6.2.2. By Category (Tablets, Countlines, Pouches & Bags, Boxed & Others)
6.2.3. By Distribution Channel (Supermarkets/Hypermarket, Convenience Stores, Independent Grocery Stores, Non-Store Retailing, Departmental Store)
6.2.4. By Region
6.2.5. By Company
6.3. Product Market Map (By Region & By Type)
7. Asia Pacific Chocolate Market Outlook
7.1. Market Size and Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Category
7.2.3. By Distribution Channel
7.2.4. By Country
7.3. China Chocolate Market Outlook
7.3.1. Market Size and Forecast
7.3.1.1. By Value & Volume
7.3.2. Market Share and Forecast
7.3.2.1. By Product Type
7.3.2.2. By Category
7.3.2.3. By Distribution Channel
7.4. Japan Chocolate Market Outlook
7.4.1. Market Size and Forecast
7.4.1.1. By Value & Volume
7.4.2. Market Share and Forecast
7.4.2.1. By Product Type
7.4.2.2. By Category
7.4.2.3. By Distribution Channel
7.5. India Chocolate Market Outlook
7.5.1. Market Size and Forecast
7.5.1.1. By Value & Volume
7.5.2. Market Share and Forecast
7.5.2.1. By Product Type
7.5.2.2. By Category
7.5.2.3. By Distribution Channel
7.6. South Korea Chocolate Market Outlook
7.6.1. Market Size and Forecast
7.6.1.1. By Value & Volume
7.6.2. Market Share and Forecast
7.6.2.1. By Product Type
7.6.2.2. By Category
7.6.2.3. By Distribution Channel
7.7. Australia Chocolate Market Outlook
7.7.1. Market Size and Forecast
7.7.1.1. By Value & Volume
7.7.2. Market Share and Forecast
7.7.2.1. By Product Type
7.7.2.2. By Category
7.7.2.3. By Distribution Channel
7.8. Indonesia Chocolate Market Outlook
7.8.1. Market Size and Forecast
7.8.1.1. By Value & Volume
7.8.2. Market Share and Forecast
7.8.2.1. By Product Type
7.8.2.2. By Category
7.8.2.3. By Distribution Channel
8. Europe Chocolate Market Outlook
8.1. Market Size and Forecast
8.1.1. By Value and Volume
8.2. Market Share & Forecast
8.2.1.1. By Product Type
8.2.1.2. By Category
8.2.1.3. By Distribution Channel
8.2.1.4. By Country
8.3. United Kingdom Chocolate Market Outlook
8.3.1. Market Size and Forecast
8.3.1.1. By Value & Volume
8.3.2. Market Share and Forecast
8.3.2.1. By Product Type
8.3.2.2. By Category
8.3.2.3. By Distribution Channel
8.4. Italy Chocolate Market Outlook
8.4.1. Market Size and Forecast
8.4.1.1. By Value & Volume
8.4.2. Market Share and Forecast
8.4.2.1. By Product Type
8.4.2.2. By Category
8.4.2.3. By Distribution Channel
8.5. France Chocolate Market Outlook
8.5.1. Market Size and Forecast
8.5.1.1. By Value & Volume
8.5.2. Market Share and Forecast
8.5.2.1. By Product Type
8.5.2.2. By Category
8.5.2.3. By Distribution Channel
8.6. Germany Chocolate Market Outlook
8.6.1. Market Size and Forecast
8.6.1.1. By Value & Volume
8.6.2. Market Share and Forecast
8.6.2.1. By Product Type
8.6.2.2. By Category
8.6.2.3. By Distribution Channel
9. North America Chocolate Market Outlook
9.1. Market Size and Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1.1. By Product Type
9.2.1.2. By Category
9.2.1.3. By Distribution Channel
9.2.1.4. By Country
9.3. United States Chocolate Market Outlook
9.3.1. Market Size and Forecast
9.3.1.1. By Value & Volume
9.3.2. Market Share and Forecast
9.3.2.1. By Product Type
9.3.2.2. By Category
9.3.2.3. By Distribution Channel
9.4. Mexico Chocolate Market Outlook
9.4.1. Market Size and Forecast
9.4.1.1. By Value & Volume
9.4.2. Market Share and Forecast
9.4.2.1. By Product Type
9.4.2.2. By Category
9.4.2.3. By Distribution Channel
9.5. Canada Chocolate Market Outlook
9.5.1. Market Size and Forecast
9.5.1.1. By Value & Volume
9.5.2. Market Share and Forecast
9.5.2.1. By Product Type
9.5.2.2. By Category
9.5.2.3. By Distribution Channel
10. South America Chocolate Market Outlook
10.1. Market Size and Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1.1. By Product Type
10.2.1.2. By Category
10.2.1.3. By Distribution Channel
10.2.1.4. By Country
10.3. Brazil Chocolate Market Outlook
10.3.1. Market Size and Forecast
10.3.1.1. By Value & Volume
10.3.2. Market Share and Forecast
10.3.2.1. By Product Type
10.3.2.2. By Category
10.3.2.3. By Distribution Channel
10.4. Argentina Chocolate Market Outlook
10.4.1. Market Size and Forecast
10.4.1.1. By Value & Volume
10.4.2. Market Share and Forecast
10.4.2.1. By Product Type
10.4.2.2. By Category
10.4.2.3. By Distribution Channel
10.5. Colombia Chocolate Market Outlook
10.5.1. Market Size and Forecast
10.5.1.1. By Value & Volume
10.5.2. Market Share and Forecast
10.5.2.1. By Product Type
10.5.2.2. By Category
10.5.2.3. By Distribution Channel
11. Middle East & Africa Chocolate Market Outlook
11.1. Market Size and Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Product Type
11.2.2. By Category
11.2.3. By Distribution Channel
11.2.4. By Country
11.3. South Africa Chocolate Market Outlook
11.3.1. Market Size and Forecast
11.3.1.1. By Value & Volume
11.3.2. Market Share and Forecast
11.3.2.1. By Product Type
11.3.2.2. By Category
11.3.2.3. By Distribution Channel
11.4. Saudi Arabia Chocolate Market Outlook
11.4.1. Market Size and Forecast
11.4.1.1. By Value & Volume
11.4.2. Market Share and Forecast
11.4.2.1. By Product Type,
11.4.2.2. By Category
11.4.2.3. By Distribution Channel
11.5. UAE Chocolate Market Outlook
11.5.1. Market Size and Forecast
11.5.1.1. By Value & Volume
11.5.2. Market Share and Forecast
11.5.2.1. By Product Type
11.5.2.2. By Category
11.5.2.3. By Distribution Channel
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Competitive Landscape
14.1. Competition Benchmarking
14.2. Company Profiles (Leading companies)
14.2.1. Mars, Incorporated
14.2.2. Ferrero Group
14.2.3. The Hershey Company
14.2.4. Nestle SA
14.2.5. Mondelez International
14.2.6. Meiji Holdings Co. Ltd
14.2.7. General Mills Inc.
14.2.8. Chocoladefabriken Lindt & Sprungli AG
14.2.9. Lotte Confectionery Co. Ltd
14.2.10. Crown Confectionery Co. Ltd
15. Strategic Recommendations
16. About the Publisher & DisclaimerList of Figures
Figure 1: Global Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 2: Global Population, 2016-2020 (Million)
Figure 3: Global Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 4: Global Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 5: Global Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 6: Global Chocolate Market Share, By Company, By Value, 2020
Figure 7: Global Chocolate Market Share, By Region, By Value, 2020 & 2026F
Figure 8: Global Chocolate Market Map, By Product Type, Market Size (USD Million) & Growth Rate (%), 2020
Figure 9: Global Chocolate Global Chocolate Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2020
Figure 10: North America Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 11: North America Population (Million), By Country, 2016-2020
Figure 12: North America Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 13: North America Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 14: North America Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 15: North America Chocolate Market Share, By Country, By Value, 2020 & 2026F
Figure 16: United States Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 17: United States Population, 2016-2020 (Million)
Figure 18: United States Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 19: United States Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 20: United States Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 21: Canada Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 22: Canada Population, 2016-2020 (Million)
Figure 23: Canada Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 24: Canada Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 25: Canada Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 26: Mexico Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 27: Mexico Population, 2016-2020 (Million)
Figure 28: Mexico Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 29: Mexico Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 30: Mexico Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 31: Europe Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 32: Europe Population (Million), 2016-2020
Figure 33: Europe Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 34: Europe Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 35: Europe Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 36: Europe Chocolate Market Share, By Country, By Value, 2020 & 2026F
Figure 37: Germany Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 38: Germany Population, 2016-2020 (Million)
Figure 39: Germany Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 40: Germany Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 41: Germany Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 42: United Kingdom Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 43: United Kingdom Population, 2016-2020 (Million)
Figure 44: United Kingdom Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 45: United Kingdom Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 46: United Kingdom Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 51: Italy Population, 2016-2020 (Million)
Figure 52: Italy Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 53: Italy Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 54: Italy Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 55: Spain Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 56: Spain Population, 2016-2020 (Million)
Figure 57: Spain Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 58: Spain Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 59: Spain Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 60: Asia-Pacific Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 61: Asia-Pacific Country-wise Population (Million), 2020
Figure 62: Asia-Pacific Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 63: Asia-Pacific Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 64: Asia-Pacific Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 65: Asia-Pacific Chocolate Market Share, By Country, By Value, 2020 & 2026F
Figure 66: China Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 67: China Population, 2016-2020 (Million)
Figure 68: China Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 69: China Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 70: China Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 71: Japan Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 72: Japan Population, 2016-2020 (Million)
Figure 73: Japan Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 74: Japan Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 75: Japan Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 76: South Korea Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 77: South Korea Population, 2016-2020 (Million)
Figure 78: South Korea Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 79: South Korea Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 80: South Korea Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 81: Australia Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 82: Australia Population, 2016-2020 (Million)
Figure 83: Australia Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 84: Australia Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 85: Australia Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 86: India Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 87: India Population, 2016-2020 (Million)
Figure 88: India Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 89: India Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 90: India Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 91: South America Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 92: South America Population (Million), By Select Country, 2016-2020
Figure 93: South America Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 94: South America Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 95: South America Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 96: South America Chocolate Market Share, By Country, By Value, 2020 & 2026F
Figure 97: Brazil Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 98: Brazil Population, 2016-2020 (Million)
Figure 99: Brazil Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 100: Brazil Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 101: Brazil Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 102: Argentina Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 103: Argentina Population, 2016-2020 (Million)
Figure 104: Argentina Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 105: Argentina Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 106: Argentina Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 107: Colombia Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 108: Colombia Population, 2016-2020 (Million)
Figure 109: Colombia Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 110: Colombia Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 111: Colombia Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 112: Middle East & Africa Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 113: Middle East & North Africa Population, 2016-2020 (Million)
Figure 114: Middle East & Africa Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 115: Middle East & Africa Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 116: Middle East & Africa Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 117: Middle East & Africa Chocolate Market Share, By Country, By Value, 2020 & 2026F
Figure 118: South Africa Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 119: South Africa Population, 2016-2020 (Million)
Figure 120: South Africa Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 121: South Africa Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 122: South Africa Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 123: UAE Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 124: UAE Population, 2016-2020 (Million)
Figure 125: UAE Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 126: UAE Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 127: UAE Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 128: Saudi Arabia Chocolate Market Size, By Value (USD Million), By Volume (Million Kgs), 2016-2026F
Figure 129: Saudi Arabia Population, 2016-2020 (Million)
Figure 130: Saudi Arabia Chocolate Market Share, By Product Type, By Value, 2016-2026F
Figure 131: Saudi Arabia Chocolate Market Share, By Category, By Value, 2016-2026F
Figure 132: Saudi Arabia Chocolate Market Share, By Distribution Channel, By Value, 2016-2026F
Companies Mentioned
- Mars, Incorporated
- Ferrero Group
- The Hershey Company
- Nestle SA
- Mondelez International
- Meiji Holdings Co. Ltd
- General Mills Inc.
- Chocoladefabriken Lindt & Sprungli AG
- Lotte Confectionery Co. Ltd
- Crown Confectionery Co. Ltd
