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The global chocolate market was valued at US$ 151.9 Billion in 2021.
We expect the global chocolate market to exhibit a CAGR of 2.6% during 2022-2027.
The introduction of organic, sugar- and gluten-free chocolate variants, along with the increasing
premiumization of chocolate-based products, is primarily driving the global chocolate market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase
Based on the product type, the global chocolate market can be segregated into white chocolate, milk
chocolate, dark chocolate, and others. Currently, milk chocolate represents the largest market share.
Based on the product form, the global chocolate market has been divided into molded, countlines,
and others, where countlines form exhibits a clear dominance in the market.
Based on the application, the global chocolate market can be categorized into food products,
beverages, and others. Among these, food products hold the majority of the global market share.
Based on the pricing, the global chocolate market has been segmented into everyday chocolate,
premium chocolate, and seasonal chocolate. Currently, everyday chocolate represents the largest
Based on the distribution, the global chocolate market can be bifurcated into direct sales (B2B),
supermarkets and hypermarkets, convenience stores, online stores, and others. Among these,
supermarkets and hypermarkets account for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global chocolate market include 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, etc.
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