Market Overview:
The global chocolate market reached a value of US$ 151.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 177.8 Billion by 2027, exhibiting a CAGR of 2.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Chocolate is a sweet, edible product made from roasted and ground cocoa beans. It is rich in carbohydrates, essential minerals, and various alkaloids, such as phenethylamine, theobromine, flavonoids, and caffeine, which help lowers the risk of cardiovascular and Parkinson’s diseases. Its moderate consumption promotes serotonin that exhibits anti-depressant properties. Besides this, it improves blood flow, helps protect cells from inflammation, boosts energy levels, and improves the immune system. Presently, chocolate is available in various shapes and forms and used in preparing confectionaries, beverages, and bakery products.
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At present, the rising popularity of chocolate-based food items and confectionaries is catalyzing the demand for chocolate across the globe. In addition, the increasing prevalence of cardiovascular diseases due to unhealthy dietary patterns, along with rising awareness among individuals about the health benefits of consuming chocolates in moderation, represents one of the key factors positively influencing the market. This, coupled with the expansion of hotels, restaurants, coffee centers, and bakeries and the emerging trend of food vlogging, is contributing to the market growth. Apart from this, the increasing consumer reliance on online shopping, coupled with the burgeoning e-commerce industry, is offering a favorable market outlook. Furthermore, shifting consumer preference towards molded chocolates that are infused with numerous additional flavors and nuts, raisins, almonds, and other dry fruits is offering lucrative growth opportunities to manufacturers. Moreover, key market players are focusing on introducing chocolate variants made without additives, preservatives, and refined sugar, which is expected to expand their consumer base and propel the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global chocolate market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, product form, application, pricing and distribution.
Breakup by Product Type:
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Milk chocolate represents the most popular product type as it is extensively used in the formulation of beverages and confectionery products, such as cakes, milkshakes, and croissants.
Breakup by Product Form:
At present, countlines account for the majority of the total market share.
Breakup by Application:
- Food Products
- Bakery Products
- Sugar Confectionery
- Desserts
- Others
- Beverages
- Others
Chocolates presently find extensive application in the production of different food products, such as shakes, cakes and hot chocolates.
Breakup by Pricing:
- Everyday Chocolate
- Premium Chocolate
- Seasonal Chocolate
Everyday chocolate holds the largest market segment due to its easy availability across online and offline channels at affordable rates.
Breakup by Distribution:
- Direct Sales (B2B)
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Chocolates are widely available in supermarkets and hypermarkets as they are easily accessible and provide a wide range of products.
Breakup by Region:
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- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
North America exhibits a clear dominance in the market as it is a major supplier of cocoa beans. Moreover, the impulse purchase of chocolate is strengthening the market in the region.
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Product Type, Product Form, Application, Pricing, Distribution, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
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. and The Hershey Company |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Chocolate Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 White Chocolate
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Milk Chocolate
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Dark Chocolate
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Product Form
7.1 Molded
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Countlines
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Food Products
8.1.1 Market Trends
8.1.2 Major Types
8.1.2.1 Bakery Products
8.1.2.2 Sugar Confectionery
8.1.2.3 Desserts
8.1.2.4 Others
8.1.3 Market Forecast
8.2 Beverages
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Pricing
9.1 Everyday Chocolate
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Premium Chocolate
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Seasonal Chocolate
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Distribution
10.1 Direct Sales (B2B)
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Supermarkets and Hypermarkets
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Convenience Stores
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Online Stores
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Others
10.5.1 Market Trends
10.5.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Indicators
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Arcor
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Barry Callebaut
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Chocoladefabriken Lindt & Sprüngli AG
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.4 Chocolaterie Guylian
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.5 Ferrero International
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.6 Mars Incorporated
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 SWOT Analysis
16.3.7 Meiji Co. Ltd.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Mondelez International Inc. (Kraft Foods)
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Moonstruck Chocolate Company
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Nestlé S.A.
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 The Hershey Company
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
List of Figures
Figure 1: Global: Chocolate Market: Major Drivers and Challenges
Figure 2: Global: Chocolate Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Chocolate Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Chocolate Market: Breakup by Product Form (in %), 2021
Figure 5: Global: Chocolate Market: Breakup by Application (in %), 2021
Figure 6: Global: Chocolate Market: Breakup by Pricing (in %), 2021
Figure 7: Global: Chocolate Market: Breakup by Distribution (in %), 2021
Figure 8: Global: Chocolate Market: Breakup by Region (in %), 2021
Figure 9: Global: Chocolate Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 10: Global: Chocolate (White Chocolate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Chocolate (White Chocolate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Chocolate (Milk Chocolate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Chocolate (Milk Chocolate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Chocolate (Dark Chocolate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Chocolate (Dark Chocolate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Chocolate (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Chocolate (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Chocolate (Molded) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Chocolate (Molded) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Chocolate (Countlines) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Chocolate (Countlines) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Chocolate (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Chocolate (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Chocolate (Food Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Chocolate (Food Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Chocolate (Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Chocolate (Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Chocolate (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Chocolate (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Chocolate (Everyday Chocolate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Chocolate (Everyday Chocolate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Chocolate (Premium Chocolate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Chocolate (Premium Chocolate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Chocolate (Seasonal Chocolate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Chocolate (Seasonal Chocolate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Chocolate (Direct Sales- B2B) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Chocolate (Direct Sales- B2B) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Chocolate (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Chocolate (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Chocolate (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Chocolate (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Chocolate (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Chocolate (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Chocolate (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Chocolate (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: North America: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: North America: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: United States: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: United States: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Canada: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Canada: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Asia Pacific: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Asia Pacific: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: China: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: China: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Japan: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Japan: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: India: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: India: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: South Korea: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: South Korea: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Australia: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Australia: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Indonesia: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Indonesia: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Europe: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Europe: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Germany: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Germany: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: France: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: France: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: United Kingdom: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: United Kingdom: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Italy: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Italy: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Spain: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Spain: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Russia: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Russia: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Others: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Others: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Latin America: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Latin America: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Brazil: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Brazil: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Mexico: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Mexico: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Others: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Others: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Middle East and Africa: Chocolate Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Middle East and Africa: Chocolate Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Global: Chocolate Industry: SWOT Analysis
Figure 95: Global: Chocolate Industry: Value Chain Analysis
Figure 96: Global: Chocolate Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Chocolate Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Chocolate Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Chocolate Market Forecast: Breakup by Product Form (in Million US$), 2022-2027
Table 4: Global: Chocolate Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Chocolate Market Forecast: Breakup by Pricing (in Million US$), 2022-2027
Table 6: Global: Chocolate Market Forecast: Breakup by Distribution (in Million US$), 2022-2027
Table 7: Global: Chocolate Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Chocolate Market: Competitive Structure
Table 9: Global: Chocolate Market: Key Players