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Chocolate Market Size, Share & Trends Analysis Report By Product (Traditional, Artificial), By Distribution Channel (Supermarket & Hypermarket, Convenience Store, Online), By Region, And Segment Forecasts, 2022 - 2030

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    Report

  • 80 Pages
  • November 2022
  • Region: Global
  • Grand View Research
  • ID: 5702247
Description Jump to:
The global chocolate market size is anticipated to reach USD 156.74 billion by 2030, expanding at a CAGR of 3.7% from 2022 to 2030. Dark chocolate's popularity is expected to grow in the coming years because it aids in the prevention of cardiac illnesses which is one of the major drivers of the market. Other applications such as chocolate milk and chocolate cake are also gaining traction globally, thus promoting the market’s growth.

Rising consumer awareness of the health benefits of chocolate as a result of a growth in the number of marketing campaigns on social media channels and television networks is expected to boost the market growth. Chocolates are associated with love, appreciation, celebration, and happiness, and so a growing number of people continue to gift chocolates on special occasions such as Christmas, Thanksgiving, and Easter which may further promote product demand during the forecast period.

Carob bars are identical to chocolate bars in terms of fat, calories, carbohydrates, and cholesterol. The absence of caffeine distinguishes it from cocoa and makes it suitable for caffeine-sensitive or intolerant individuals. Carob is naturally sweet, so it requires a very less amount of sugar to produce the final product. These factors are expected to contribute to the growth of artificial chocolates in the coming years.

Increasing demand for sugar-free, vegan, gluten-free, and organic chocolates is a major trend in the global chocolate industry. Consumers are becoming more aware of the negative impacts on health and the environment of consuming synthetic or artificial products. As a result, the majority of informed and health-conscious consumers have started preferring organic products. This trend is expected to provide an opportunity for chocolate producers to launch new products that cater to evolving consumer demands.

The volatile price of raw materials is a significant factor that impacts the cost of production in the chocolate industry, and thus the profitability of the producers. Specific weather conditions are required for the cocoa plantation. Cocoa is a delicate plant that grows in tropical climates and requires proper vegetation shade to produce higher-quality seeds, which is why its plantation is concentrated in West Africa. This factor may hinder the market growth during the projected timeframe.

Consumers in Europe demand high-quality chocolates due to growing health concerns regarding less expensive chocolates in the region and a rise in the popularity of fine cocoa. As a result, consumers in the region are willing to pay a higher price for chocolate products that satisfy their requirements. A key factor influencing the region's chocolate industry is the major shift in European consumers' purchasing behavior toward premium chocolate products. Additionally, dark chocolates are popular in the region because they constitute less sugar and exhibit a more intensely bitter flavor due to the concentration of cocoa.

Chocolate Market Report Highlights

  • Artificial chocolates are estimated to be the fastest growing in the product segment owing to the rising prevalence of carob as a healthier alternative to cocoa
  • Supermarkets & hypermarkets led the distribution channel segment owing to the growing number of specialty and departmental stores in developing countries such as India and China
  • In 2021, Europe had the largest revenue share in the global market. The rise in demand for dark chocolate among consumers in countries including the U.K., France, and Germany is predicted to be a major contributor to regional market growth

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Regional Outlook
2.4. Competitive Insights
Chapter 3. Chocolate Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on the Chocolate Market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s Five Forces
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of Chocolate Market
3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Chocolate Market: Product Estimates & Trend Analysis
5.1. Definition & Scope
5.2. Form Movement Analysis & Market Share, 2021 & 2030
5.3. Traditional Chocolate
5.3.1. Traditional chocolate market estimates and forecast, 2017 - 2030 (USD Million)
5.3.2. Dark Chocolate
5.3.2.1. Dark chocolate market estimates and forecast, 2017 - 2030 (USD Million)
5.3.3. Milk Chocolate
5.3.3.1. Milk chocolate market estimates and forecast, 2017 - 2030 (USD Million)
5.3.4. White Chocolate
5.3.4.1. White chocolate market estimates and forecast, 2017 - 2030 (USD Million)
5.4. Artificial Chocolate
5.4.1. Artificial chocolate market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Chocolate Market: Distribution Channel Estimates & Trend Analysis
6.1. Definition & Scope
6.2. Distribution Channel Movement Analysis & Market Share, 2021 & 2030
6.3. Supermarket & Hypermarket
6.3.1. Market estimates and forecast through supermarket & hypermarket, 2017 - 2030 (USD Million)
6.4. Convenience Stores
6.4.1. Market estimates and forecast through convenience stores, 2017 - 2030 (USD Million)
6.5. Online
6.5.1. Market estimates and forecast through online channels, 2017 - 2030 (USD Million)
Chapter 7. Chocolate Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2021 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.2.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.2.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.2.5. Canada
7.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.2.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.2.6. Mexico
7.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.2.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.4. U.K.
7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.6. Switzerland
7.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.7. France
7.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.7.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.8. Italy
7.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.8.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.5. India
7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.6. Japan
7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.7. Australia
7.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.7.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.8. South Korea
7.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.8.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.5.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.6.4. UAE
7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.6.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Chapter 8. Competitive Analysis
8.1. Key players & recent developments & their impact on the industry
8.2. Key Company/Competition Categorization
8.3. Vendor Landscape
8.3.1. Key Company Market Share Analysis, 2021
Chapter 9. Company Profiles
9.1. Nestlé
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Mondelez International, Inc
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. The Hershey Company
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Ferrero Group
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Mars, Incorporated
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Chocoladefabriken Lindt & Sprüngli AG
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Barry Callebaut
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. The Australian Carob Co.
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Meiji Holdings Co., Ltd.
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Arcor
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
List of Tables
1. Chocolate - Key market driver analysis
2. Chocolate - Key market restraint analysis
3. Global traditional chocolate market estimates and forecast, 2017 - 2030 (USD Million)
4. Global dark chocolate market estimates and forecast, 2017 - 2030 (USD Million)
5. Global milk chocolate market estimates and forecast, 2017 - 2030 (USD Million)
6. Global white chocolate market estimates and forecast, 2017 - 2030 (USD Million)
7. Global artificial chocolate market estimates and forecast, 2017 - 2030 (USD Million)
8. Global chocolate market estimates and forecast through supermarket & hypermarket, 2017 - 2030 (USD Million)
9. Global chocolate market estimates and forecast through a convenience store, 2017 - 2030 (USD Million)
10. Global chocolate market estimates and forecast through online, 2017 - 2030 (USD Million)
11. North America chocolate market estimates and forecast, 2017 - 2030 (USD Million)
12. North America chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
13. North America chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
14. U.S. chocolate market estimates and forecast, 2017 - 2030 (USD Million)
15. U.S. chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
16. U.S. chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
17. Canada chocolate market estimates and forecast, 2017 - 2030 (USD Million)
18. Canada chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
19. Canada chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
20. Mexico chocolate market estimates and forecast, 2017 - 2030 (USD Million)
21. Mexico chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
22. Mexico chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
23. Europe chocolate market estimates and forecast, 2017 - 2030 (USD Million)
24. Europe chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
25. Europe chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
26. Germany chocolate market estimates and forecast, 2017 - 2030 (USD Million)
27. Germany chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
28. Germany chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
29. U.K. chocolate market estimates and forecast, 2017 - 2030 (USD Million)
30. U.K. chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
31. U.K. chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
32. Switzerland chocolate market estimates and forecast, 2017 - 2030 (USD Million)
33. Switzerland chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
34. Switzerland chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
35. France chocolate market estimates and forecast, 2017 - 2030 (USD Million)
36. France chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
37. France chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
38. Italy chocolate market estimates and forecast, 2017 - 2030 (USD Million)
39. Italy chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
40. Italy chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
41. Asia Pacific chocolate market estimates and forecast, 2017 - 2030 (USD Million)
42. Asia Pacific chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
43. Asia Pacific chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
44. China chocolate market estimates and forecast, 2017 - 2030 (USD Million)
45. China chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
46. China chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
47. India chocolate market estimates and forecast, 2017 - 2030 (USD Million)
48. India chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
49. India chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
50. Japan chocolate market estimates and forecast, 2017 - 2030 (USD Million)
51. Japan chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
52. Japan chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
53. Australia chocolate market estimates and forecast, 2017 - 2030 (USD Million)
54. Australia chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
55. Australia chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
56. South Korea chocolate market estimates and forecast, 2017 - 2030 (USD Million)
57. South Korea chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
58. South Korea chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
59. Central & South America chocolate market estimates and forecast, 2017 - 2030 (USD Million)
60. Central & South America chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
61. Central & South America chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
62. Brazil chocolate market estimates and forecast, 2017 - 2030 (USD Million)
63. Brazil chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
64. Brazil chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
65. Middle East & Africa chocolate market estimates and forecast, 2017 - 2030 (USD Million)
66. Middle East & Africa chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
67. Middle East & Africa chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
68. UAE chocolate market estimates and forecast, 2017 - 2030 (USD Million)
69. UAE chocolate market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
70. UAE chocolate market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
71. Vendor landscape
List of Figures
1. Chocolate market snapshot
2. Chocolate market segmentation & scope
3. Chocolate market penetration & growth prospect mapping
4. Chocolate value chain analysis
5. Chocolate market dynamics
6. Chocolate market Porter's analysis
7. Chocolate market: Product movement analysis
8. Chocolate market: Distribution Channel movement analysis
9. Chocolate market: Regional movement analysis

Companies Mentioned

  • Nestlé
  • Mondelēz International, Inc
  • The Hershey Company
  • Ferrero Group
  • Mars, Incorporated
  • Chocoladefabriken Lindt & Sprüngli AG
  • Barry Callebaut
  • The Australian Carob Co.
  • Meiji Holdings Co. Ltd.
  • Arcor

Methodology

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Table Information

Report AttributeDetails
No. of Pages80
PublishedNovember 2022
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 116.11 Billion
Forecasted Market Value ( USD ) by 2030 $ 156.74 Billion
Compound Annual Growth Rate3.7%
Regions CoveredGlobal
No. of Companies Mentioned10

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