Loading…
image

Report Scope & Overview:

Chocolates market size was estimated to be USD 116.11 billion in 2021, with a compound annual growth rate (CAGR) of 3.7% from 2022 to 2030.

Executive Summary:

The global Chocolates market is expected to experience significant growth due to various factors such as increasing demand for the product, the presence of key market players, and advancements in technology. This report provides an in-depth analysis of the market size, growth trends, pricing structure, production, value chain analysis, and regional assessment. The report also offers insights into company profiling and emerging product lines.

The report provides a thorough analysis of the current demand and supply environment of the global Chocolates market, as well as the price trends in the market for the next few years. The leading global players in the market are profiled, including their revenue, market share, profit margin, major product portfolio and SWOT analysis. The report also provides an analysis of the supply chain from an industry perspective, including an introduction to the process chart, upstream key raw material and cost analysis, distributor and downstream buyer analysis.

In addition, the report includes global and regional market size and forecasts, major product development trends, and typical downstream segment scenarios. The market drivers and inhibitors are analyzed in the context of these trends and scenarios. The report provides a comprehensive analysis of the market landscape, including competition analysis by price, revenue, sales, and market share by company, market rate, competitive situation landscape, and the latest trends, mergers, expansions, acquisitions, and market shares of top companies.

DESCIMG1

Market Dynamics:

Consumer Preferences and Health Consciousness: In recent years, consumer preferences for healthier options have increased. As people become more health-conscious, there is a greater demand for chocolates that contain less sugar, organic ingredients, and natural flavors. Dark chocolate has grown in popularity as a healthier alternative due to its higher cocoa content.

Seasonal Variations: The chocolate market fluctuates significantly around holidays such as Valentine's Day, Easter, Halloween, and Christmas. Chocolate gift-giving is a popular holiday tradition, resulting in increased sales. Seasonal variations also have an impact on the types of chocolates that are in demand (for example, heart-shaped chocolates for Valentine's Day).

Global Cocoa Production: Cocoa is the primary ingredient in the production of chocolate. The chocolate market is sensitive to fluctuations in cocoa prices, which can be influenced by weather, disease outbreaks (such as cocoa leaf rust), and political factors in major cocoa-producing countries (such as Ivory Coast and Ghana).

Premium and Artisanal Chocolates: The market for premium and artisanal chocolates is expanding. Customers are willing to pay a premium for high-quality chocolates with distinctive flavors and ethical sourcing practices. In this market, craft chocolate makers and small-batch producers have grown in popularity.

Sustainability and Ethical Sourcing: As the chocolate industry becomes more aware of sustainability and ethical sourcing practices, there is a greater demand for products bearing certifications such as Fair Trade and Rainforest Alliance. Businesses that commit to responsible sourcing and environmental sustainability are more likely to attract socially conscious customers.

Flavor Innovations: To cater to changing consumer tastes, chocolate manufacturers are constantly innovating to introduce new flavors and combinations. Chocolates infused with spices, herbs, fruits, and even savory ingredients like bacon or sea salt are examples.

Market Segmentations:

Global Chocolates Market: By Company
• Barry Callebaut
• Cargill
• Nestle SA
• Mars
• Hershey
• Blommer Chocolate Company
• FUJI OIL
• Puratos
• Cmoi
• Irca
• Foleys Candies LP
• Olam
• Kerry Group
• Guittard
• Ferrero
• Ghirardelli
• Alpezzi Chocolate
• Valrhona
• Republica Del Cacao
• TCHO

Global Chocolates Market: By Type
• Dark Chocolate
• Milk Chocolate
• White Chocolate
• Raw Chocolate
• Compound Chocolate

Global Chocolates Market: By Application
• Chocolate Bars
• Flavoring Ingredient
• Others

Global Chocolates Market: Regional Analysis
The regional analysis of the global Chocolates market provides insights into the market's performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the Chocolates market report are as follows:

North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for Chocolates in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product.

Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for Chocolates in this region, followed by the U.K. and France. The market growth in this region is driven by the increasing demand for the product in the automotive and aerospace sectors.

Asia-Pacific: The Asia-Pacific region includes Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, and Rest of Asia-Pacific. China is the largest market for Chocolates in this region, followed by Japan and India. The market growth in this region is driven by the increasing adoption of the product in various end-use industries, such as automotive, aerospace, and construction.

Middle East and Africa: The Middle East and Africa region includes Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa. The market growth in this region is driven by the increasing demand for the product in the aerospace and defense sectors.

South America: The South America region includes Argentina, Brazil, and Rest of South America. Brazil is the largest market for Chocolates in this region, followed by Argentina. The market growth in this region is primarily driven by the increasing demand for the product in the automotive sector.

Repot Attribute/MetricDetails
Market Size Value in 2022USD 116.11 billion
Projected Market Size 2030USD 156.74 billion
Compound Annual Growth Rate (CAGR)3.7%
Base Year2022
Forecast Period2023 to 2032
Historical Data2018-2022
Forecast UnitsValue (USD billion)
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends 
By Type• Dark Chocolate
• Milk Chocolate
• White Chocolate
• Raw Chocolate
• Compound Chocolate
By Application• Chocolate Bars
• Flavoring Ingredient
• Others
Key Companies Profiled• Barry Callebaut
• Cargill
• Nestle SA
• Mars
• Hershey
• Blommer Chocolate Company
• FUJI OIL
• Puratos
• Cmoi
• Irca
• Foleys Candies LP
• Olam
• Kerry Group
• Guittard
• Ferrero
• Ghirardelli
• Alpezzi Chocolate
• Valrhona
• Republica Del Cacao
• TCHO
Regions and Key Countries CoveredU.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America
Customization ScopeAvailable on Request

Reasons to Purchase Chocolates Market Report:
• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.
• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.
• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.
• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.
• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.
Overall, market research reports provide businesses and organizations with valuable information that can help them make informed decisions and stay competitive in their industry. They can provide a solid foundation for business planning, strategy development, and decision-making.

Objectives of Chocolates Market Study:
The objectives of Chocolates market research report may vary depending on the specific needs and goals of the business or organization commissioning the report. However, some common objectives of market research reports include:
• Understanding the market size and potential: One of the primary objectives of Chocolates market research is to understand the size and potential of a particular market. This includes analyzing market trends and dynamics, identifying key players and competitors, and assessing the demand for products or services.
• Identifying target customers and segments: this market research reports can help businesses identify and understand their target customers and market segments, including their preferences, behaviors, and demographics. This information can be used to develop targeted marketing and advertising strategies.
• Evaluating product or service performance: this market research reports can provide valuable insights into the performance of products or services, including customer satisfaction, product usage, and product quality. This information can be used to improve products or services and enhance customer satisfaction.
• Assessing market opportunities and threats: this market research reports can help businesses identify potential market opportunities and threats, including emerging trends, competitive threats, and new market entrants. This information can be used to develop strategic plans and make informed business decisions.
• Developing effective marketing and advertising strategies: this market research reports can help businesses develop effective marketing and advertising strategies by providing insights into customer preferences and behavior, competitive dynamics, and market trends. This can help businesses improve brand awareness, customer engagement, and overall marketing effectiveness.
Overall, the objectives of Chocolates market research report are to provide businesses and organizations with valuable insights and data-driven recommendations that can help them make informed business decisions and stay competitive in their industry.

Frequently Asked Questions

  Emerging trends in the chocolates market include a growing focus on health-conscious and functional chocolates, as well as sustainable and ethically sourced ingredients.

  Chocolate manufacturers face challenges in sourcing raw materials such as cocoa due to price fluctuations and concerns about ethical sourcing.

  Key drivers influencing the growth of the chocolates market include increasing consumer demand for indulgent and premium chocolate products, rising disposable incomes, and expanding urbanization.

  Marketing and advertising strategies, including social media and influencer partnerships, play a significant role in shaping consumer choices in the chocolates market.

  New entrants in the chocolates market have opportunities to innovate and differentiate their products, but they may face competition from established brands.

TABLE OF CONTENT

1 Chocolates Market Overview
1.1 Product Overview and Scope of Chocolates
1.2 Chocolates Segment by Type
1.2.1 Global Chocolates Market Value Comparison by Type (2023-2029)
1.2.2 Dark Chocolate
1.2.3 Milk Chocolate
1.2.4 White Chocolate
1.2.5 Raw Chocolate
1.2.6 Compound Chocolate
1.3 Chocolates Segment by Application
1.3.1 Global Chocolates Market Value by Application: (2023-2029)
1.3.2 Chocolate Bars
1.3.3 Flavoring Ingredient
1.3.4 Others
1.4 Global Chocolates Market Size Estimates and Forecasts
1.4.1 Global Chocolates Revenue 2018-2029
1.4.2 Global Chocolates Sales 2018-2029
1.4.3 Global Chocolates Market Average Price (2017-2032)
1.5 Assumptions and Limitations
2 Chocolates Market Competition by Manufacturers
2.1 Global Chocolates Sales Market Share by Manufacturers (2017-2023)
2.2 Global Chocolates Revenue Market Share by Manufacturers (2017-2023)
2.3 Global Chocolates Average Price by Manufacturers (2017-2023)
2.4 Global Chocolates Industry Ranking 2021 VS 2022 VS 2023
2.5 Global Key Manufacturers of Chocolates, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Chocolates, Product Type & Application
2.7 Chocolates Market Competitive Situation and Trends
2.7.1 Chocolates Market Concentration Rate
2.7.2 The Global Top 5 and Top 10 Largest Chocolates Players Market Share by Revenue
2.7.3 Global Chocolates Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.8 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Chocolates Retrospective Market Scenario by Region
3.1 Global Chocolates Market Size by Region: 2018 Versus 2022 Versus 2029
3.2 Global Chocolates Global Chocolates Sales by Region: 2018-2029
3.2.1 Global Chocolates Sales by Region: 2018-2023
3.2.2 Global Chocolates Sales by Region: 2024-2029
3.3 Global Chocolates Global Chocolates Revenue by Region: 2018-2029
3.3.1 Global Chocolates Revenue by Region: 2018-2023
3.3.2 Global Chocolates Revenue by Region: 2024-2029
3.4 North America Chocolates Market Facts & Figures by Country
3.4.1 North America Chocolates Market Size by Country: 2018 VS 2023 VS 2032
3.4.2 North America Chocolates Sales by Country (2017-2032)
3.4.3 North America Chocolates Revenue by Country (2017-2032)
3.4.4 U.S.
3.4.5 Canada
3.5 Europe Chocolates Market Facts & Figures by Country
3.5.1 Europe Chocolates Market Size by Country: 2018 VS 2023 VS 2032
3.5.2 Europe Chocolates Sales by Country (2017-2032)
3.5.3 Europe Chocolates Revenue by Country (2017-2032)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Chocolates Market Facts & Figures by Country
3.6.1 Asia Pacific Chocolates Market Size by Country: 2018 VS 2023 VS 2032
3.6.2 Asia Pacific Chocolates Sales by Country (2017-2032)
3.6.3 Asia Pacific Chocolates Revenue by Country (2017-2032)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.6.13 Philippines
3.7 Latin America Chocolates Market Facts & Figures by Country
3.7.1 Latin America Chocolates Market Size by Country: 2018 VS 2023 VS 2032
3.7.2 Latin America Chocolates Sales by Country (2017-2032)
3.7.3 Latin America Chocolates Revenue by Country (2017-2032)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Chocolates Market Facts & Figures by Country
3.8.1 Middle East and Africa Chocolates Market Size by Country: 2018 VS 2023 VS 2032
3.8.2 Middle East and Africa Chocolates Sales by Country (2017-2032)
3.8.3 Middle East and Africa Chocolates Revenue by Country (2017-2032)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 U.A.E
4 Segment by Type
4.1 Global Chocolates Sales by Type (2017-2032)
4.1.1 Global Chocolates Sales by Type (2017-2023)
4.1.2 Global Chocolates Sales by Type (2023-2032)
4.1.3 Global Chocolates Sales Market Share by Type (2017-2032)
4.2 Global Chocolates Revenue by Type (2017-2032)
4.2.1 Global Chocolates Revenue by Type (2017-2023)
4.2.2 Global Chocolates Revenue by Type (2023-2032)
4.2.3 Global Chocolates Revenue Market Share by Type (2017-2032)
4.3 Global Chocolates Price by Type (2017-2032)
5 Segment by Application
5.1 Global Chocolates Sales by Application (2017-2032)
5.1.1 Global Chocolates Sales by Application (2017-2023)
5.1.2 Global Chocolates Sales by Application (2023-2032)
5.1.3 Global Chocolates Sales Market Share by Application (2017-2032)
5.2 Global Chocolates Revenue by Application (2017-2032)
5.2.1 Global Chocolates Revenue by Application (2017-2023)
5.2.2 Global Chocolates Revenue by Application (2023-2032)
5.2.3 Global Chocolates Revenue Market Share by Application (2017-2032)
5.3 Global Chocolates Price by Application (2017-2032)
6 Key Companies Profiled
6.1 Barry Callebaut
6.1.1 Barry Callebaut Corporation Information
6.1.2 Barry Callebaut Description and Business Overview
6.1.3 Barry Callebaut Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.1.4 Barry Callebaut Chocolates Product Portfolio
6.1.5 Barry Callebaut Recent Developments/Updates
6.2 Cargill
6.2.1 Cargill Corporation Information
6.2.2 Cargill Description and Business Overview
6.2.3 Cargill Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.2.4 Cargill Chocolates Product Portfolio
6.2.5 Cargill Recent Developments/Updates
6.3 Nestle SA
6.3.1 Nestle SA Corporation Information
6.3.2 Nestle SA Description and Business Overview
6.3.3 Nestle SA Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.3.4 Nestle SA Chocolates Product Portfolio
6.3.5 Nestle SA Recent Developments/Updates
6.4 Mars
6.4.1 Mars Corporation Information
6.4.2 Mars Description and Business Overview
6.4.3 Mars Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.4.4 Mars Chocolates Product Portfolio
6.4.5 Mars Recent Developments/Updates
6.5 Hershey
6.5.1 Hershey Corporation Information
6.5.2 Hershey Description and Business Overview
6.5.3 Hershey Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.5.4 Hershey Chocolates Product Portfolio
6.5.5 Hershey Recent Developments/Updates
6.6 Blommer Chocolate Company
6.6.1 Blommer Chocolate Company Corporation Information
6.6.2 Blommer Chocolate Company Description and Business Overview
6.6.3 Blommer Chocolate Company Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.6.4 Blommer Chocolate Company Chocolates Product Portfolio
6.6.5 Blommer Chocolate Company Recent Developments/Updates
6.7 FUJI OIL
6.6.1 FUJI OIL Corporation Information
6.6.2 FUJI OIL Description and Business Overview
6.6.3 FUJI OIL Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.4.4 FUJI OIL Chocolates Product Portfolio
6.7.5 FUJI OIL Recent Developments/Updates
6.8 Puratos
6.8.1 Puratos Corporation Information
6.8.2 Puratos Description and Business Overview
6.8.3 Puratos Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.8.4 Puratos Chocolates Product Portfolio
6.8.5 Puratos Recent Developments/Updates
6.9 Cmoi
6.9.1 Cmoi Corporation Information
6.9.2 Cmoi Description and Business Overview
6.9.3 Cmoi Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.9.4 Cmoi Chocolates Product Portfolio
6.9.5 Cmoi Recent Developments/Updates
6.10 Irca
6.10.1 Irca Corporation Information
6.10.2 Irca Description and Business Overview
6.10.3 Irca Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.10.4 Irca Chocolates Product Portfolio
6.10.5 Irca Recent Developments/Updates
6.11 Foleys Candies LP
6.11.1 Foleys Candies LP Corporation Information
6.11.2 Foleys Candies LP Chocolates Description and Business Overview
6.11.3 Foleys Candies LP Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.11.4 Foleys Candies LP Chocolates Product Portfolio
6.11.5 Foleys Candies LP Recent Developments/Updates
6.12 Olam
6.12.1 Olam Corporation Information
6.12.2 Olam Chocolates Description and Business Overview
6.12.3 Olam Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.12.4 Olam Chocolates Product Portfolio
6.12.5 Olam Recent Developments/Updates
6.13 Kerry Group
6.13.1 Kerry Group Corporation Information
6.13.2 Kerry Group Chocolates Description and Business Overview
6.13.3 Kerry Group Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.13.4 Kerry Group Chocolates Product Portfolio
6.13.5 Kerry Group Recent Developments/Updates
6.14 Guittard
6.14.1 Guittard Corporation Information
6.14.2 Guittard Chocolates Description and Business Overview
6.14.3 Guittard Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.14.4 Guittard Chocolates Product Portfolio
6.14.5 Guittard Recent Developments/Updates
6.15 Ferrero
6.15.1 Ferrero Corporation Information
6.15.2 Ferrero Chocolates Description and Business Overview
6.15.3 Ferrero Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.15.4 Ferrero Chocolates Product Portfolio
6.15.5 Ferrero Recent Developments/Updates
6.16 Ghirardelli
6.16.1 Ghirardelli Corporation Information
6.16.2 Ghirardelli Chocolates Description and Business Overview
6.16.3 Ghirardelli Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.16.4 Ghirardelli Chocolates Product Portfolio
6.16.5 Ghirardelli Recent Developments/Updates
6.17 Alpezzi Chocolate
6.17.1 Alpezzi Chocolate Corporation Information
6.17.2 Alpezzi Chocolate Chocolates Description and Business Overview
6.17.3 Alpezzi Chocolate Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.17.4 Alpezzi Chocolate Chocolates Product Portfolio
6.17.5 Alpezzi Chocolate Recent Developments/Updates
6.18 Valrhona
6.18.1 Valrhona Corporation Information
6.18.2 Valrhona Chocolates Description and Business Overview
6.18.3 Valrhona Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.18.4 Valrhona Chocolates Product Portfolio
6.18.5 Valrhona Recent Developments/Updates
6.19 Republica Del Cacao
6.19.1 Republica Del Cacao Corporation Information
6.19.2 Republica Del Cacao Chocolates Description and Business Overview
6.19.3 Republica Del Cacao Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.19.4 Republica Del Cacao Chocolates Product Portfolio
6.19.5 Republica Del Cacao Recent Developments/Updates
6.20 TCHO
6.20.1 TCHO Corporation Information
6.20.2 TCHO Chocolates Description and Business Overview
6.20.3 TCHO Chocolates Sales, Revenue and Gross Margin (2017-2023)
6.20.4 TCHO Chocolates Product Portfolio
6.20.5 TCHO Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Chocolates Industry Chain Analysis
7.2 Chocolates Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Chocolates Production Mode & Process
7.4 Chocolates Sales and Marketing
7.4.1 Chocolates Sales Channels
7.4.2 Chocolates Distributors
7.5 Chocolates Customers
8 Chocolates Market Dynamics
8.1 Chocolates Industry Trends
8.2 Chocolates Market Drivers
8.3 Chocolates Market Challenges
8.4 Chocolates Market Restraints
9 Research Finding and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer

Barry Callebaut
Cargill
Nestle SA
Mars
Hershey
Blommer Chocolate Company
FUJI OIL
Puratos
Cmoi
Irca
Foleys Candies LP
Olam
Kerry Group
Guittard
Ferrero
Ghirardelli
Alpezzi Chocolate
Valrhona
Republica Del Cacao
TCHO

Request Sample