Chocolate Market, By Product Type, By Distribution Channel, By Geography

Description

The chocolate market is estimated to be valued at USD 124.76 Bn in 2024 and is expected to reach USD 169.78 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 124.76 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	4.50%	2031 Value Projection:	US$ 169.78 Bn

Figure. Chocolate Market Share (%), By Region 2024

The global chocolate market has witnessed significant growth over the past few decades. Chocolate has transformed from being considered a luxury product to becoming an everyday snack consumed by people across various income groups and age brackets. Rising health consciousness, changing lifestyles, and increased disposable incomes have significantly driven the demand for chocolates. Innovation in terms of new flavors, functional ingredients, and formats, such as chocolate-based beverages and baked goods, have further augmented the market growth. However, factors such as fluctuations in cocoa bean prices pose a major challenge.

Market Dynamics:

The global chocolate market is driven by several factors such as increasing disposable incomes, rising health awareness, and changing lifestyles. Innovation in terms of new flavors, formats, and inclusion of functional ingredients present significant opportunities. However, fluctuations in cocoa bean prices remain a key restraint. Additionally, the COVID-19 pandemic disrupted supply chains and affected production schedules. However, rising e-commerce and demand from emerging economies are expected to provide various opportunities over the coming years.

Key Features of the Study:

This report provides in-depth analysis of the global chocolate market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global chocolate market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Mars, MondelA"z International, Blommer Chocolate Company, Scharffen Berger, MARICH CONFECTIONERY, Ghirardelli Chocolate Company, Theo Chocolate, Inc., Animas Chocolate Company, Bar & Cocoa, Whitakers Chocolates Ltd, Dark Forest Chocolate, Astorchocolate, Beacon Hill, PHILLIPSCHOCOLATES, ChocAllure, Chocolate Springs, Boston General Store., Loveland Chocolate Company., Uncover Colorado, and Moksha Chocolate
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global chocolate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global chocolate market

Detailed Segmentation-

By Product Type:
- Milk Chocolate
- Dark Chocolate
- White Chocolate
- Ruby Chocolate
- Others
By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Online Retailers
- Convenience Stores
- Direct Sales
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Mars
- MondelA"z International
- Blommer Chocolate Company
- Scharffen Berger
- MARICH CONFECTIONERY
- Ghirardelli Chocolate Company
- Theo Chocolate, Inc.
- Animas Chocolate Company
- Bar & Cocoa
- Whitakers Chocolates Ltd
- Dark Forest Chocolate
- Astorchocolate
- Beacon Hill
- PHILLIPSCHOCOLATES
- ChocAllure
- Chocolate Springs
- Boston General Store.
- Loveland Chocolate Company.
- Uncover Colorado
- Moksha Chocolate

Product Code: CMI998

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Chocolate Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Chocolate Market
Impact Analysis

5. Global Chocolate Market, By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Milk Chocolate
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Dark Chocolate
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
White Chocolate
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Ruby Chocolate
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Chocolate Market, By Distribution Channel, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Supermarkets/Hypermarkets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Specialty Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Online Retailers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Convenience Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Direct Sales
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Chocolate Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Mars
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- MondelA"z International
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Blommer Chocolate Company
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Scharffen Berger
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- MARICH CONFECTIONERY
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Ghirardelli Chocolate Company
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Theo Chocolate, Inc.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Animas Chocolate Company
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Bar & Cocoa
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Whitakers Chocolates Ltd
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Dark Forest Chocolate
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Astorchocolate
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Beacon Hill
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- PHILLIPSCHOCOLATES
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- ChocAllure
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Chocolate Springs
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Boston General Store.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Loveland Chocolate Company.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Uncover Colorado
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Moksha Chocolate
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on "Global Chocolate Market" - Global forecast to 2031.