Product Code: MRFR/F-B & N/9463-CR
Chocolate Market Research Report Forecast till 2028
Market Overview
The worldwide Chocolate Market is projected to reach a CAGR of 4.79% by the end of 2028. Chocolate is the most famous and generally consumed item across North America and has likewise gone through numerous changes to fulfill changing business sector needs. Premium natural products covered with chocolate are one of the greatest-selling items across North America and the European region. These organic products incorporate cranberry, blueberry, pomegranate, and numerous others. Premium chocolates are effectively available at a few general stores and in a few worldwide general stores. Without sugar chocolates and dim chocolates is one more classification that had colossal interest among shoppers that miss the mark on the sweet tooth. Pungent chocolate tidbits, for example, potato chips and popcorn, are likewise liked by buyers of arising economies. Such solid patterns and creative chocolate items are supposed to drive the worldwide chocolate market during the conjecture time frame.
The market development is basically determined by the prevalence of chocolate for the end goal of giving. Besides, the developing interest for an expense or solid fixings in chocolate items and imaginative bundling are likewise filling the market development. In any case, the rising occurrence of stoutness and other well-being concerns followed by fluctuating unrefined substance costs are dialling back the market development.
Market Segmentation
The various product categories that make up the global chocolate market include dark chocolate, milk chocolate, white chocolate, and cocoa powder. Shape-based categories, such as truffles, liquid chocolate, and chocolate bars, have been created for the worldwide chocolate market. Conventional, organic, lactose-free, gluten-free, reduced sugar, zero sugar, and multi-claim chocolate products each have their own segment of the market. Based on distribution methods, the world's chocolate market has been classified into three groups: food production, food service, and food retail.
Regional Analysis
Europe represented the biggest share of 39.65% of the chocolate market in 2020. This region houses sweet shop creation plants of a few global organizations like Settle S.A., Mondelez Worldwide, Inc., Mars, Consolidated, Lindt and Sprungli AG, and Ferrero SA. These huge dessert shop organizations significantly drive the utilization of chocolate in the Europe region. Additionally, rising customer interest for normal fixings in the food application for enhancing helps the deals of chocolate.
The rest of the World incorporates Asia-Pacific, South America, and the Center East and Africa. Asia-Pacific is the most appealing business sector for chocolate makers, with fast extensions and advancements replacing the application enterprises in the region's arising economies. China is one of the main business sectors in the region, representing the biggest piece of the pie during the survey time frame.
Major Players
The key players in the global Chocolate Market are Mondelez International, Inc. (US), Nestle S.A. (Switzerland), Blommer Chocolate Company (US), Barry Callebaut (Switzerland), Puratos Group (Belgium), Lindt & Sprungli AG (Switzerland), Ferrero Group (Luxembourg), Mars Incorporated (US), Ezaki Glico Co., Ltd. (Japan), Pladis Global (London), Orion Corp. (South Korea), Meiji Holding Co. Ltd. (Japan), General Mills Inc. (US), Guittard Chocolate Company (US), and The Hershey Company (US).
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 16
- 1.1 MARKET ATTRACTIVENESS ANALYSIS 17
- 1.1.1 GLOBAL CHOCOLATE MARKET, BY PRODUCT TYPE 18
- 1.1.2 GLOBAL CHOCOLATE MARKET, BY FORM 19
- 1.1.3 GLOBAL CHOCOLATE MARKET, BY CATEGORY 20
- 1.1.4 GLOBAL CHOCOLATE MARKET, BY DISTRIBUTION CHANNEL 21
2 MARKET INTRODUCTION 22
- 2.1 SCOPE OF THE STUDY 22
- 2.2 RESEARCH OBJECTIVE 22
- 2.3 MARKET STRUCTURE 22
- 2.4 KEY BUYING CRITERIA 23
3 RESEARCH METHODOLOGY 24
- 3.1 RESEARCH PROCESS 24
- 3.2 PRIMARY RESEARCH 25
- 3.3 SECONDARY RESEARCH 26
- 3.4 MARKET SIZE ESTIMATION 27
- 3.5 FORECAST MODEL 28
- 3.6 LIST OF ASSUMPTIONS & LIMITATIONS 29
4 MARKET DYNAMICS 30
- 4.1 INTRODUCTION 30
- 4.2 DRIVERS 31
- 4.2.1 USE OF PREMIUM OR HEALTHY INGREDIENTS IN CHOCOLATE PRODUCTS 31
- 4.2.2 CREATIVE PACKAGING 31
- 4.2.3 POPULARITY OF CHOCOLATE FOR GIFTING 31
- 4.2.4 POTENTIAL DEMAND OF CHOCOLATE FROM VARIOUS INDUSTRIES 32
- 4.2.5 DRIVERS IMPACT ANALYSIS 33
- 4.3 RESTRAINT 33
- 4.3.1 RISING INCIDENCE OF OBESITY AND OTHER HEALTH CONCERNS 33
- 4.3.2 FLUCTUATING RAW MATERIAL PRICES 34
- 4.3.3 RESTRAINT IMPACT ANALYSIS 35
- 4.4 OPPORTUNITIES 35
- 4.4.1 GROWING DEMAND FOR HEALTH & WELLNESS PRODUCTS 35
- 4.4.2 PROMOTIONAL ACTIVITIES 35
- 4.4.3 GROWING DEMAND FOR NATURAL FOOD INGREDIENTS 36
- 4.5 CHALLENGES 36
- 4.5.1 INCREASING HEALTH CONSCIOUSNESS AMONG CONSUMERS 36
5 MARKET FACTOR ANALYSIS 37
- 5.1 VALUE CHAIN ANALYSIS 37
- 5.1.1 RAW MATERIAL PROCUREMENT 38
- 5.1.2 PROCESSING 38
- 5.1.3 PACKAGING 38
- 5.2 SUPPLY CHAIN ANALYSIS 39
- 5.3 PORTER'S FIVE FORCES MODEL 40
- 5.3.1 THREAT OF NEW ENTRANTS 40
- 5.3.2 BARGAINING POWER OF SUPPLIERS 41
- 5.3.3 BARGAINING POWER OF BUYERS 41
- 5.3.4 THREAT OF SUBSTITUTES 41
- 5.3.5 INTENSITY OF RIVALRY 41
- 5.4 IMPACT OF THE COVID-19 OUTBREAK ON GLOBAL CHOCOLATE MARKET 42
- 5.5 PRICING ANALYSIS 43
6 GLOBAL CHOCOLATE MARKET, BY PRODUCT TYPE 44
- 6.1 OVERVIEW 44
- 6.1.1 GLOBAL CHOCOLATE MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2020-2028 45
- 6.2 DARK CHOCOLATE 45
- 6.2.1 DARK CHOCOLATE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 45
- 6.3 MILK CHOCOLATE 46
- 6.3.1 MILK CHOCOLATE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 46
- 6.4 WHITE CHOCOLATE 46
- 6.4.1 WHITE CHOCOLATE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 46
- 6.5 COCOA POWDER 47
- 6.5.1 COCOA POWDER: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 47
7 GLOBAL CHOCOLATE MARKET, BY FORM 48
- 7.1 OVERVIEW 48
- 7.1.1 GLOBAL CHOCOLATE MARKET ESTIMATES & FORECAST, BY FORM, 2020-2028 49
- 7.2 CHOCOLATE BARS 49
- 7.2.1 CHOCOLATE BARS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 49
- 7.3 LIQUID CHOCOLATE 50
- 7.3.1 LIQUID CHOCOLATE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 50
- 7.4 TRUFFLES CHOCOLATE 50
- 7.4.1 TRUFFLES CHOCOLATE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 50
- 7.5 OTHERS 51
- 7.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 51
8 GLOBAL CHOCOLATE MARKET, BY CATEGORY 52
- 8.1 OVERVIEW 52
- 8.1.1 GLOBAL CHOCOLATE MARKET ESTIMATES & FORECAST, BY CATEGORY, 2020-2028 53
- 8.2 CONVENTIONAL 53
- 8.2.1 CONVENTIONAL: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 54
- 8.3 ORGANIC 54
- 8.3.1 ORGANIC: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 54
- 8.4 LACTOSE-FREE 55
- 8.4.1 LACTOSE-FREE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 55
- 8.5 GLUTEN-FREE 55
- 8.5.1 GLUTEN-FREE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 55
- 8.6 REDUCED SUGAR 56
- 8.6.1 REDUCED SUGAR: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 56
- 8.7 ZERO SUGAR 56
- 8.7.1 ZERO SUGAR: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 56
- 8.8 MULTI-CLAIM 57
- 8.8.1 MULTI-CLAIM: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 57
9 GLOBAL CHOCOLATE MARKET, BY DISTRIBUTION CHANNEL 58
- 9.1 OVERVIEW 58
- 9.1.1 GLOBAL CHOCOLATE MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020-2028 59
- 9.2 FOOD PRODUCTION 60
- 9.2.1 FOOD PRODUCTION: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 60
- 9.3 FOODSERVICE 60
- 9.3.1 FOODSERVICE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 60
- 9.4 FOOD RETAIL 61
- 9.4.1 FOOD RETAIL: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 61
10 GLOBAL CHOCOLATE MARKET, BY REGION 62
- 10.1 OVERVIEW 62
- 10.1.1 GLOBAL CHOCOLATE MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 63
- 10.2 NORTH AMERICA 64
- 10.2.1 NORTH AMERICA CHOCOLATE MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020-2028 64
- 10.2.2 NORTH AMERICA CHOCOLATE MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2020-2028 65
- 10.2.3 NORTH AMERICA CHOCOLATE MARKET ESTIMATES & FORECAST, BY FORM, 2020-2028 65
- 10.2.4 NORTH AMERICA CHOCOLATE MARKET ESTIMATES & FORECAST, BY CATEGORY, 2020-2028 66
- 10.2.5 NORTH AMERICA CHOCOLATE MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020-2028 67
- 10.2.6 US 68
- 10.2.7 CANADA 71
- 10.2.8 MEXICO 74
- 10.3 EUROPE 77
- 10.3.1 EUROPE CHOCOLATE MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020-2028 77
- 10.3.2 EUROPE CHOCOLATE MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2020-2028 78
- 10.3.3 EUROPE CHOCOLATE MARKET ESTIMATES & FORECAST, BY FORM, 2020-2028 78
- 10.3.4 EUROPE CHOCOLATE MARKET ESTIMATES & FORECAST, BY CATEGORY, 2020-2028 79
- 10.3.5 EUROPE CHOCOLATE MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020-2028 80
- 10.3.6 UK 81
- 10.3.7 GERMANY 84
- 10.3.8 FRANCE 87
- 10.3.9 ITALY 90
- 10.3.10 SPAIN 93
- 10.3.11 RUSSIA 96
- 10.3.12 REST OF EUROPE 99
- 10.4 REST OF THE WORLD 102
- 10.4.1 REST OF THE WORLD CHOCOLATE MARKET ESTIMATES & FORECAST, BY REGION, 2020-2028 103
- 10.4.2 REST OF THE WORLD CHOCOLATE MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2020-2028 103
- 10.4.3 REST OF THE WORLD CHOCOLATE MARKET ESTIMATES & FORECAST, BY FORM, 2020-2028 103
- 10.4.4 REST OF THE WORLD CHOCOLATE MARKET ESTIMATES & FORECAST, BY CATEGORY, 2020-2028 104
- 10.4.5 REST OF THE WORLD CHOCOLATE MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020-2028 105
- 10.4.6 ASIA-PACIFIC 106
- 10.4.7 SOUTH AMERICA 109
- 10.4.8 MIDDLE EAST 112
- 10.4.9 AFRICA 115
11 COMPETITIVE LANDSCAPE 118
- 11.1 INTRODUCTION 118
- 11.1.1 MARKET STRATEGY ANALYSIS 118
- 11.2 COMPETITIVE BENCHMARKING 119
- 11.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 120
- 11.3.1 PRODUCT DEVELOPMENTS 120
- 11.3.2 ACQUISITIONS 121
- 11.3.3 CONTRACT & AGREEMENT 121
- 11.3.4 EXPANSIONS 121
12 COMPANY PROFILES 122
- 12.1 MONDELEZ 122
- 12.1.1 COMPANY OVERVIEW 122
- 12.1.2 FINANCIAL OVERVIEW 123
- 12.1.3 PRODUCTS OFFERED 124
- 12.1.4 KEY DEVELOPMENTS 124
- 12.1.5 SWOT ANALYSIS 125
- 12.1.6 KEY STRATEGIES 125
- 12.2 NESTLE S.A. 126
- 12.2.1 COMPANY OVERVIEW 126
- 12.2.2 FINANCIAL OVERVIEW 127
- 12.2.3 PRODUCTS OFFERED 127
- 12.2.4 KEY DEVELOPMENTS 128
- 12.2.5 SWOT ANALYSIS 128
- 12.2.6 KEY STRATEGIES 128
- 12.3 BLOMMER CHOCOLATE COMPANY 129
- 12.3.1 COMPANY OVERVIEW 129
- 12.3.2 FINANCIAL OVERVIEW 129
- 12.3.3 PRODUCTS OFFERED 129
- 12.3.4 KEY DEVELOPMENTS 129
- 12.3.5 SWOT ANALYSIS 130
- 12.3.6 KEY STRATEGIES 130
- 12.4 BARRY CALLEBAUT 131
- 12.4.1 COMPANY OVERVIEW 131
- 12.4.2 FINANCIAL OVERVIEW 131
- 12.4.3 PRODUCTS OFFERED 132
- 12.4.4 KEY DEVELOPMENTS 132
- 12.4.5 SWOT ANALYSIS 133
- 12.4.6 KEY STRATEGIES 133
- 12.5 PURATOS GROUP 134
- 12.5.1 COMPANY OVERVIEW 134
- 12.5.2 FINANCIAL OVERVIEW 134
- 12.5.3 PRODUCTS OFFERED 134
- 12.5.4 KEY DEVELOPMENTS 135
- 12.5.5 SWOT ANALYSIS 135
- 12.5.6 KEY STRATEGIES 136
- 12.6 LINDT & SPRUNGLI AG 137
- 12.6.1 COMPANY OVERVIEW 137
- 12.6.2 FINANCIAL OVERVIEW 137
- 12.6.3 PRODUCTS OFFERED 138
- 12.6.4 KEY DEVELOPMENTS 138
- 12.6.5 KEY STRATEGIES 138
- 12.7 FERRERO GROUP 139
- 12.7.1 COMPANY OVERVIEW 139
- 12.7.2 FINANCIAL OVERVIEW 139
- 12.7.3 PRODUCTS OFFERED 139
- 12.7.4 KEY DEVELOPMENTS 139
- 12.7.5 KEY STRATEGIES 139
- 12.8 MARS INCORPORATED 140
- 12.8.1 COMPANY OVERVIEW 140
- 12.8.2 FINANCIAL OVERVIEW 140
- 12.8.3 RODUCTS OFFERED 140
- 12.8.4 KEY DEVELOPMENTS 140
- 12.8.5 KEY STRATEGIES 140
- 12.9 EZAKI GLICO CO., LTD. 141
- 12.9.1 COMPANY OVERVIEW 141
- 12.9.2 FINANCIAL OVERVIEW 141
- 12.9.3 PRODUCTS/SERVICES OFFERED 142
- 12.9.4 KEY DEVELOPMENTS 142
- 12.9.5 KEY STRATEGIES 142
- 12.10 PLADIS GLOBAL 143
- 12.10.1 COMPANY OVERVIEW 143
- 12.10.2 FINANCIAL OVERVIEW 143
- 12.10.3 PRODUCTS/SERVICES OFFERED 143
- 12.10.4 KEY DEVELOPMENTS 144
- 12.10.5 KEY STRATEGIES 144
- 12.11 ORION CORP. 145
- 12.11.1 COMPANY OVERVIEW 145
- 12.11.2 FINANCIAL OVERVIEW 145
- 12.11.3 PRODUCTS/SERVICES OFFERED 145
- 12.11.4 KEY DEVELOPMENTS 145
- 12.11.5 KEY STRATEGIES 146
- 12.12 MEIJI HOLDINGS CO., LTD. 147
- 12.12.1 COMPANY OVERVIEW 147
- 12.12.2 FINANCIAL OVERVIEW 147
- 12.12.3 PRODUCTS/SERVICES OFFERED 148
- 12.12.4 KEY DEVELOPMENTS 148
- 12.12.5 KEY STRATEGIES 148
- 12.13 GENERAL MILLS, INC. 149
- 12.13.1 COMPANY OVERVIEW 149
- 12.13.2 FINANCIAL OVERVIEW 149
- 12.13.3 PRODUCTS/SERVICES OFFERED 150
- 12.13.4 KEY DEVELOPMENTS 152
- 12.13.5 KEY STRATEGIES 152
- 12.14 GUITTARD CHOCOLATE COMPANY 153
- 12.14.1 COMPANY OVERVIEW 153
- 12.14.2 FINANCIAL OVERVIEW 153
- 12.14.3 PRODUCTS/SERVICES OFFERED 153
- 12.14.4 KEY DEVELOPMENTS 154
- 12.14.5 KEY STRATEGIES 154
- 12.15 THE HERSHEY COMPANY 155
- 12.15.1 COMPANY OVERVIEW 155
- 12.15.2 FINANCIAL OVERVIEW 155
- 12.15.3 PRODUCTS/SERVICES OFFERED 156
- 12.15.4 KEY DEVELOPMENTS 157
- 12.15.5 KEY STRATEGIES 157
13 APPENDIX 158
- 13.1 REFERENCES 158
- 13.2 RELATED REPORTS 158