Global Chocolate Market Segments 2024, Forecast To 2033
5 Mar, 2024
The chocolate confectionery market grew strongly, reaching $181.04 billion in 2023 and $190.8 billion in 2024, with a 5.4% CAGR. Historical growth is attributed to chocolate's cultural significance, globalization, advertising, and rising disposable income. Expected to grow to $228.01 billion in 2028, the forecast period highlights premium and artisanal offerings, sustainability, and innovations in chocolate formats, with trends like functional ingredients and customization shaping the market.
Global Chocolate Market Key Driver
Increasing internet penetration for online sales is driving the growth of the chocolate market. With a growing percentage of the global population using the internet, online chocolate sales are poised to exceed $4 trillion. The rise in internet penetration is a key factor in the growth of the chocolate market.
Get A Free Sample Of The Global Chocolate Market ReportGlobal Chocolate Market Segments
The chocolate market covered in this report is segmented –
1) By Type: Milk Chocolate, Dark Chocolate, White Chocolate
2) By Application: Food, Beverages
3) By Distrubution: Supermarkets/ Hypermarkets, Specialist Retailers, Convenience Stores, Online Channel, Other Distrubutions
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Europe was the largest region in the chocolate market in 2023. The regions covered in the chocolate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Chocolate Industry Players
Barry Callebaut; The Hershey Company; Nestle SA; Mars Incorporated; Lotte Corporation; Mondelez International Inc.; Chocoladefabriken Lindt & Sprüngli AG; Ferrero SpA; Lake Champlain Chocolates; Cémoi Group; Olam International Limited; Koninklijke DSM N.V.; Kerry Group PLC; Delfi Limited; Tate & Lyle PLC; Meiji Holdings Co. Ltd.; Ezaki Glico Co. Ltd.; Crown Confectionery Co. Ltd.; Haribo GmbH & Co. KG; Arcor Group; Moonstruck Chocolate Company; Blommer Chocolate Company; Patric Chocolate LLC; Perugina S.p.A.; TCHO Ventures Inc.; Theo Chocolate Inc.; Thorntons Limited; Alter Eco Americas PBC; Endangered Species Chocolate LLC; Divine Chocolate Limited; Green & Black's Limited; Guylian NV
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AIOps Chocolate Market Overview
Chocolate refers to a cacao seed preparation that has been roasted, husked, and ground, it is frequently sweetened and flavored, as with vanilla. It is used to manufacture beverages, flavor, or coat different confections and bakery goods. Dark chocolate lowers blood pressure, shields the skin from dehydration, supports the operations of the heart, and offers many other advantages.
Chocolate Global Market Report 2023 provides data on the global chocolate market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The chocolate market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.