Chocolate Market Size, Share, Trends, Industry Analysis Report: By Product (Artificial and Traditional), Distribution Channel, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Description

List of Tables

The chocolate market size is expected to reach USD 255.58 billion by 2034, according to a new study by Polaris Market Research. The report "Chocolate Market Size, Share, Trends, Industry Analysis Report: By Product (Artificial and Traditional), Distribution Channel, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The chocolate market is witnessing a shift towards premium and artisanal chocolates as consumers seek high-quality, indulgent products. This trend is fueled by a growing demand for unique and authentic experiences, with consumers willing to pay a premium for superior taste, craftsmanship, and ethical sourcing. Artisanal chocolates, often made with fine cocoa beans and distinctive ingredients, cater to consumer's desire for luxury and authenticity. Brands are focusing on delivering a personalized, high-end chocolate experience, as consumers become more discerning, contributing to the chocolate market growth.

Innovative flavors and product varieties are becoming a major trend in the chocolate market as companies aim to differentiate themselves and meet evolving consumer preferences. Manufacturers are increasingly experimenting with new ingredients, textures, and flavor combinations to offer more diverse and exciting chocolate products. Regional influences, seasonal offerings, and limited-edition releases allow brands to engage consumers with unique experiences. This trend also caters to the growing demand for customization and novelty, as consumers look for chocolates that offer a combination of familiar indulgence with a creative twist.

Chocolate Market Report Highlights

In terms of product, in 2024, the traditional segment dominated the global chocolate market revenue, driven by the continued preference for classic chocolate flavors and products among consumers.

The online segment secured the largest market share during the forecast period, driven by the growing popularity of e-commerce platforms and the convenience they provide to consumers.

Europe led the global chocolate market in terms of revenue in 2024 due to its rich chocolate making heritage and high consumer demand for premium and artisanal chocolate products.

The chocolate market in Asia Pacific will expand at the fastest rate during the forecast period. Rising urbanization, increasing disposable incomes, and growing demand for premium and indulgent chocolate products are fueling this expansion.

A few global key market players include Arcor; Barry Callebaut; Chocoladefabriken Lindt & Sprungli AG; Ferrero; Mars, Incorporated; Meiji Holdings Co., Ltd.; Mondelez International, Inc.; Nestle; The Australian Carob Co.; and The Hershey Company.

Polaris Market Research has segmented the chocolate market report on basis of product, distribution channel, and region:

By Product Outlook (Revenue, USD Billion, 2020-2034)

Artificial
Traditional
Milk
Dark
White

By Distribution Channel Outlook (Revenue, USD Billion, 2020-2034)

Convenience Store
Supermarket & Hypermarket
Online

By Regional Outlook (Revenue, USD Billion, 2020-2034)

North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Vietnam
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa

Product Code: PM1144

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Chocolate Market Insights

4.1. Chocolate Market - Market Snapshot
4.2. Chocolate Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Utilization of High-Quality or Nutritious Ingredients in Chocolate Items
  - 4.2.1.2. Growing Awareness of the Health Benefits of Dark Chocolate Consumption
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. Growing Popularity of Chocolate Substitutes and Alternatives
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Chocolate Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Chocolate Market, by Product

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Chocolate Market, by Product, 2020-2034 (USD Billion)
5.3. Artificial
- 5.3.1. Global Chocolate Market, by Artificial, by Region, 2020-2034 (USD Billion)
5.4. Traditional
- 5.4.1. Global Chocolate Market, by Traditional, by Region, 2020-2034 (USD Billion)
- 5.4.2. Milk
  - 5.4.2.1. Global Chocolate Market, by Milk, by Region, 2020-2034 (USD Billion)
- 5.4.3. Dark
  - 5.4.3.1. Global Chocolate Market, by Dark, by Region, 2020-2034 (USD Billion)
- 5.4.4. White
  - 5.4.4.1. Global Chocolate Market, by White, by Region, 2020-2034 (USD Billion)

6. Global Chocolate Market, by Distribution Channel

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
6.3. Convenience Store
- 6.3.1. Global Chocolate Market, by Convenience Store, by Region, 2020-2034 (USD Billion)
6.4. Supermarket & Hypermarket
- 6.4.1. Global Chocolate Market, by Supermarket & Hypermarket, by Region, 2020-2034 (USD Billion)
6.5. Online
- 6.5.1. Global Chocolate Market, by Online, by Region, 2020-2034 (USD Billion)

7. Global Chocolate Market, by Geography

7.1. Key Findings
7.2. Introduction
- 7.2.1. Chocolate Market Assessment, By Geography, 2020-2034 (USD Billion)
7.3. Chocolate Market - North America
- 7.3.1. North America: Chocolate Market, by Product, 2020-2034 (USD Billion)
- 7.3.2. North America: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.3.3. Chocolate Market - US
  - 7.3.3.1. US: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.3.3.2. US: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.3.4. Chocolate Market - Canada
  - 7.3.4.1. Canada: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.3.4.2. Canada: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
7.4. Chocolate Market - Europe
- 7.4.1. Europe: Chocolate Market, by Product, 2020-2034 (USD Billion)
- 7.4.2. Europe: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.4.3. Chocolate Market - UK
  - 7.4.3.1. UK: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.4.3.2. UK: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.4.4. Chocolate Market - France
  - 7.4.4.1. France: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.4.4.2. France: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.4.5. Chocolate Market - Germany
  - 7.4.5.1. Germany: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.4.5.2. Germany: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.4.6. Chocolate Market - Italy
  - 7.4.6.1. Italy: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.4.6.2. Italy: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.4.7. Chocolate Market - Spain
  - 7.4.7.1. Spain: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.4.7.2. Spain: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.4.8. Chocolate Market - Netherlands
  - 7.4.8.1. Netherlands: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.4.8.2. Netherlands: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.4.9. Chocolate Market - Russia
  - 7.4.9.1. Russia: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.4.9.2. Russia: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.4.10. Chocolate Market - Rest of Europe
  - 7.4.10.1. Rest of Europe: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.4.10.2. Rest of Europe: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
7.5. Chocolate Market - Asia Pacific
- 7.5.1. Asia Pacific: Chocolate Market, by Product, 2020-2034 (USD Billion)
- 7.5.2. Asia Pacific: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.5.3. Chocolate Market - China
  - 7.5.3.1. China: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.5.3.2. China: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.5.4. Chocolate Market - India
  - 7.5.4.1. India: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.5.4.2. India: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.5.5. Chocolate Market - Malaysia
  - 7.5.5.1. Malaysia: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.5.5.2. Malaysia: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.5.6. Chocolate Market - Japan
  - 7.5.6.1. Japan: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.5.6.2. Japan: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.5.7. Chocolate Market - Indonesia
  - 7.5.7.1. Indonesia: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.5.7.2. Indonesia: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.5.8. Chocolate Market - South Korea
  - 7.5.8.1. South Korea: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.5.8.2. South Korea: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.5.9. Chocolate Market - Australia
  - 7.5.9.1. Australia: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.5.9.2. Australia: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.5.10. Chocolate Market - Rest of Asia Pacific
  - 7.5.10.1. Rest of Asia Pacific: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.5.10.2. Rest of Asia Pacific: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
7.6. Chocolate Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Chocolate Market, by Product, 2020-2034 (USD Billion)
- 7.6.2. Middle East & Africa: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.6.3. Chocolate Market - Saudi Arabia
  - 7.6.3.1. Saudi Arabia: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.6.3.2. Saudi Arabia: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.6.4. Chocolate Market - UAE
  - 7.6.4.1. UAE: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.6.4.2. UAE: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.6.5. Chocolate Market - Israel
  - 7.6.5.1. Israel: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.6.5.2. Israel: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.6.6. Chocolate Market - South Africa
  - 7.6.6.1. South Africa: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.6.6.2. South Africa: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.6.7. Chocolate Market - Rest of Middle East & Africa
  - 7.6.7.1. Rest of Middle East & Africa: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.6.7.2. Rest of Middle East & Africa: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
7.7. Chocolate Market - Latin America
- 7.7.1. Latin America: Chocolate Market, by Product, 2020-2034 (USD Billion)
- 7.7.2. Latin America: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.7.3. Chocolate Market - Mexico
  - 7.7.3.1. Mexico: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.7.3.2. Mexico: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.7.4. Chocolate Market - Brazil
  - 7.7.4.1. Brazil: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.7.4.2. Brazil: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.7.5. Chocolate Market - Argentina
  - 7.7.5.1. Argentina: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.7.5.2. Argentina: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)
- 7.7.6. Chocolate Market - Rest of Latin America
  - 7.7.6.1. Rest of Latin America: Chocolate Market, by Product, 2020-2034 (USD Billion)
  - 7.7.6.2. Rest of Latin America: Chocolate Market, by Distribution Channel, 2020-2034 (USD Billion)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. Arcor
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
9.2. Barry Callebaut
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
9.3. Chocoladefabriken Lindt & Sprungli AG
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
9.4. Ferrero
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
9.5. Mars, Incorporated
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
9.6. Meiji Holdings Co., Ltd.
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
9.7. Mondelez International, Inc.
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
9.8. Nestle
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
9.9. The Australian Carob Co.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
9.10. The Hershey Company
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development