Global Chocolate Market 2024-2028

The chocolate market is forecasted to grow by USD 51.2 bn during 2023-2028, accelerating at a CAGR of 5.28% during the forecast period. The report on the chocolate market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing premiumization of chocolates, introduction of new chocolates, and growing awareness of environmental sustainability and ethical sourcing.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.81%
CAGR	5.28%
Incremental Value	$51.2 bn

Technavio's chocolate market is segmented as below:

By Product

Milk chocolate
Dark chocolate
White chocolate

By Distribution Channel

Offline
Online

By Geographical Landscape

Europe
North America
APAC
South America
Middle East and Africa

This study identifies the rising innovation in chocolate packaging as one of the prime reasons driving the chocolate market growth during the next few years. Also, growing demand for organic vegan chocolates and increasing demand for gluten-free chocolates and growing trend of clean labeling will lead to sizable demand in the market.

The report on the chocolate market covers the following areas:

Chocolate market sizing
Chocolate market forecast
Chocolate market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading chocolate market vendors that include Arcor Group, AUGUST STORCK KG, Barry Callebaut AG, Chocoladefabriken Lindt and Sprungli AG, Crown Confectionery Co. Ltd, Delfi Ltd., Ezaki Glico Co. Ltd., Ferrero International S.A., Ghirardelli Chocolate Co., Gujarat Cooperative Milk Marketing Federation Ltd., Lotte Corp., Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Moonstruck Chocolate Co., Nestle SA, Orion Corp., The Australian Carob Co., The Hershey Co., Unreal Brands Inc., and Yildiz Holding AS. Also, the chocolate market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR41047

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Chocolate Market 2018 - 2022
- Historic Market Size - Data Table on Global Chocolate Market 2018 - 2022 ($ billion)
4.2 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 Distribution Channel segment analysis 2018 - 2022
- Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
6.3 Milk chocolate - Market size and forecast 2023-2028
- Chart on Milk chocolate - Market size and forecast 2023-2028 ($ billion)
- Data Table on Milk chocolate - Market size and forecast 2023-2028 ($ billion)
- Chart on Milk chocolate - Year-over-year growth 2023-2028 (%)
- Data Table on Milk chocolate - Year-over-year growth 2023-2028 (%)
6.4 Dark chocolate - Market size and forecast 2023-2028
- Chart on Dark chocolate - Market size and forecast 2023-2028 ($ billion)
- Data Table on Dark chocolate - Market size and forecast 2023-2028 ($ billion)
- Chart on Dark chocolate - Year-over-year growth 2023-2028 (%)
- Data Table on Dark chocolate - Year-over-year growth 2023-2028 (%)
6.5 White chocolate - Market size and forecast 2023-2028
- Chart on White chocolate - Market size and forecast 2023-2028 ($ billion)
- Data Table on White chocolate - Market size and forecast 2023-2028 ($ billion)
- Chart on White chocolate - Year-over-year growth 2023-2028 (%)
- Data Table on White chocolate - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Product
- Market opportunity by Product ($ billion)
- Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Distribution Channel

7.1 Market segments
- Chart on Distribution Channel - Market share 2023-2028 (%)
- Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
- Chart on Comparison by Distribution Channel
- Data Table on Comparison by Distribution Channel
7.3 Offline - Market size and forecast 2023-2028
- Chart on Offline - Market size and forecast 2023-2028 ($ billion)
- Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
- Chart on Offline - Year-over-year growth 2023-2028 (%)
- Data Table on Offline - Year-over-year growth 2023-2028 (%)
7.4 Online - Market size and forecast 2023-2028
- Chart on Online - Market size and forecast 2023-2028 ($ billion)
- Data Table on Online - Market size and forecast 2023-2028 ($ billion)
- Chart on Online - Year-over-year growth 2023-2028 (%)
- Data Table on Online - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ billion)
- Data Table on Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.10 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.11 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ billion)
- Data Table on France - Market size and forecast 2023-2028 ($ billion)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
9.12 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Arcor Group
- Arcor Group - Overview
- Arcor Group - Product / Service
- Arcor Group - Key offerings
12.4 AUGUST STORCK KG
- AUGUST STORCK KG - Overview
- AUGUST STORCK KG - Product / Service
- AUGUST STORCK KG - Key offerings
12.5 Barry Callebaut AG
- Barry Callebaut AG - Overview
- Barry Callebaut AG - Business segments
- Barry Callebaut AG - Key news
- Barry Callebaut AG - Key offerings
- Barry Callebaut AG - Segment focus
12.6 Chocoladefabriken Lindt and Sprungli AG
- Chocoladefabriken Lindt and Sprungli AG - Overview
- Chocoladefabriken Lindt and Sprungli AG - Business segments
- Chocoladefabriken Lindt and Sprungli AG - Key news
- Chocoladefabriken Lindt and Sprungli AG - Key offerings
- Chocoladefabriken Lindt and Sprungli AG - Segment focus
12.7 Delfi Ltd.
- Delfi Ltd. - Overview
- Delfi Ltd. - Business segments
- Delfi Ltd. - Key offerings
- Delfi Ltd. - Segment focus
12.8 Ezaki Glico Co. Ltd.
- Ezaki Glico Co. Ltd. - Overview
- Ezaki Glico Co. Ltd. - Business segments
- Ezaki Glico Co. Ltd. - Key offerings
- Ezaki Glico Co. Ltd. - Segment focus
12.9 Ferrero International S.A.
- Ferrero International S.A. - Overview
- Ferrero International S.A. - Product / Service
- Ferrero International S.A. - Key news
- Ferrero International S.A. - Key offerings
12.10 Ghirardelli Chocolate Co.
- Ghirardelli Chocolate Co. - Overview
- Ghirardelli Chocolate Co. - Product / Service
- Ghirardelli Chocolate Co. - Key offerings
12.11 Mars Inc.
- Mars Inc. - Overview
- Mars Inc. - Product / Service
- Mars Inc. - Key news
- Mars Inc. - Key offerings
12.12 Meiji Holdings Co. Ltd.
- Meiji Holdings Co. Ltd. - Overview
- Meiji Holdings Co. Ltd. - Business segments
- Meiji Holdings Co. Ltd. - Key news
- Meiji Holdings Co. Ltd. - Key offerings
- Meiji Holdings Co. Ltd. - Segment focus
12.13 Mondelez International Inc.
- Mondelez International Inc. - Overview
- Mondelez International Inc. - Business segments
- Mondelez International Inc. - Key news
- Mondelez International Inc. - Key offerings
- Mondelez International Inc. - Segment focus
12.14 Nestle SA
- Nestle SA - Overview
- Nestle SA - Business segments
- Nestle SA - Key news
- Nestle SA - Key offerings
- Nestle SA - Segment focus
12.15 The Australian Carob Co.
- The Australian Carob Co. - Overview
- The Australian Carob Co. - Product / Service
- The Australian Carob Co. - Key offerings
12.16 The Hershey Co.
- The Hershey Co. - Overview
- The Hershey Co. - Business segments
- The Hershey Co. - Key news
- The Hershey Co. - Key offerings
- The Hershey Co. - Segment focus
12.17 Yildiz Holding AS
- Yildiz Holding AS - Overview
- Yildiz Holding AS - Product / Service
- Yildiz Holding AS - Key news
- Yildiz Holding AS - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations