According to the latest report by IMARC Group, titled “Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on chocolate industry size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. 

The global chocolate market size reached US$ 162.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 213.4 Billion by 2032, exhibiting a growth rate (CAGR) of 2.9% during 2024-2032.

Chocolate Market Overview:

Chocolate is a highly popular and versatile food product prepared primarily from cocoa beans, which are the seeds of the Theobroma cacao tree. The process of making chocolate begins with harvesting these beans, which are then fermented, dried, roasted, and ground into a paste known as cocoa mass or cocoa liquor. This paste can be further processed to separate cocoa solids and cocoa butter, two key components in various types of chocolate. Dark chocolate is manufactured by combining cocoa solids, cocoa butter, and sugar, while milk chocolate includes milk powder or condensed milk in addition to these ingredients. White chocolate, on the other hand, contains cocoa butter, sugar, and milk but no cocoa solids. Throughout history, chocolate has been consumed in various forms, from a bitter drink among ancient Mesoamerican civilizations to the wide array of sweetened products enjoyed worldwide today. Its rich, complex flavor profile and melt-in-your-mouth texture make it a favorite ingredient in desserts, beverages, and confections.

Get Sample Copy of Report at – https://www.imarcgroup.com/prefeasibility-report-chocolate-manufacturing-plant/requestsample

Chocolate Market Trends:

The increasing awareness and preference for premium and dark chocolate due to its health benefits is driving the global market. These chocolates are rich in antioxidants and have been linked to heart health benefits, attracting health-conscious consumers. Innovation in flavors and packaging has played a crucial role. Manufacturers are experimenting with unique combinations, such as exotic fruits and spices, to appeal to a broader audience seeking new taste experiences. Furthermore, the rise of ethical consumerism has led to a greater demand for organic, fair-trade, and sustainably sourced chocolates. Another significant driver is the growing penetration of chocolate in emerging markets. Economic growth in these regions has led to an increase in disposable income, thereby expanding the consumer base for chocolate products. Moreover, seasonal, and festive sales continue to boost the chocolate market, with manufacturers capitalizing on these occasions through strategic marketing and product offerings. Lastly, the integration of chocolates into various culinary applications and the rising trend of gifting chocolates during festivals and special events further propel market growth.

Competitive Landscape:

  • Arcor
  • Barry Callebaut
  • Chocoladefabriken Lindt & Sprüngli AG
  • Chocolaterie Guylian
  • Ferrero International
  • Mars Incorporated
  • Meiji Co. Ltd.
  • Mondelez International Inc. (Kraft Foods)
  • Moonstruck Chocolate Company
  • Nestlé S.A.
  • The Hershey Company

Chocolate Market Segmentation:

Breakup by Product Type:

  • White Chocolate
  • Milk Chocolate
  • Dark Chocolate
  • Others

Breakup by Product Form:

  • Molded
  • Countlines
  • Others

Breakup by Application:

  • Food Products
  • Bakery Products
  • Sugar Confectionery
  • Desserts
  • Others
  • Beverages
  • Others

Breakup by Pricing:

  • Everyday Chocolate
  • Premium Chocolate
  • Seasonal Chocolate

Breakup by Distribution:

  • Direct Sales (B2B)
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163