Food & Beverages
The global dark chocolate market reached a value of US$ 61.0 Billion in 2023. As per the analysis by IMARC Group, the leading companies in the dark chocolate market are focusing on highlighting the health benefits of dark chocolate, such as its high antioxidant content, to appeal to the health-conscious consumers. Moreover, rising environmental concerns are impelling the need for sourcing sustainable and ethically produced cocoa. Additionally, the companies are coming up with numerous initiatives to reduce their environmental footprint. Apart from this, the leading key market players are focusing on innovation in product development, such as creating new flavors and textures, incorporating new ingredients, and experimenting with new processing techniques, to differentiate themselves from their competitors. They are consequently focusing on creating high-end products to appeal to consumers who are willing to pay a premium for quality. Looking forward, the market value is expected to reach US$ 87.1 Billion by 2032, growing at a CAGR of 3.9% during the forecast period (2024-2032).
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including Amul [Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF)], Barry Callebaut AG, Blommer Chocolate Company, Cargill, Incorporated, Chocoladefabriken Lindt & Sprüngli AG, Ferrero International S.A., Guittard Chocolate Company, The Hershey Company, Federation of Migros Cooperatives, Nestlé S.A., República del Cacao, and Valrhona, Inc. More information about these companies has been provided below.
Establishment: |
1946 |
Headquarters: |
Gujrat, India |
Website: |
https://amul.com/ |
Amul [Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF)] is one of the largest food product marketing organizations. It is a state government-owned dairy-based cooperative society with an extensive marketing network for milk and milk products. It offers a wide range of dairy products, including milk, butter, cheese, ice cream, and chocolate. At present, it operates through 76 sales offices and has a dealer network of 10,000 dealers and 10 lakh retailers in India.
Establishment: |
1996 |
Headquarters: |
Zurich, Switzerland |
Website: |
https://www.barry-callebaut.com/ |
Barry Callebaut AG is a chocolate and cocoa products manufacturer and the leading manufacturer of high-quality chocolate and cocoa products in the world. Its product portfolio includes chocolates, cocoa powders, decorations, fillings, compounds, and nut products. It operates in over 30 countries and runs more than 60 production facilities across the globe. The company strongly focuses on sustainability, improving the livelihoods of cocoa farmers, and ensuring a sustainable cocoa supply chain. It has also launched several initiatives to promote sustainable cocoa farming practices, which include the Cocoa Horizons Foundation, that aims to improve the livelihoods of cocoa farmers and their communities.
Establishment: |
1939 |
Headquarters: |
Pennsylvania, USA |
Website: |
https://www.blommer.com/ |
Blommer Chocolate Company is one of the largest chocolate-ingredient bean processors with roots in the confectionary, farming, and ice cream business. With four strategically located manufacturing facilities, it offers cocoa powders, cocoa butter, chocolate liquor, and chocolate coatings. It sources its cocoa beans from around the world and has established relationships with farmers and suppliers to ensure sustainable and ethical sourcing practices. The company also shows a strong commitment to realizing supply networks that protect natural resources, are free from all forms of child labor, and lift farmers out of poverty.
Establishment: |
1865 |
Headquarters: |
Minnesota, United States |
Website: |
https://www.cargill.com/ |
Cargill, Incorporated is a global food corporation that produces grains and oilseeds and provides farmer services and risk management solutions, as well as offers animal nutrition, biofuels, meat and poultry, food, and industrial products. The company strongly focuses on sustainability and has set ambitious targets to reduce its carbon footprint, improve the livelihoods of farmers, and ensure a sustainable food supply chain. It also launched several initiatives to promote sustainable farming practices, such as the Cargill Cocoa Promise, which aims to improve the livelihoods of cocoa farmers and their communities. It also announced a new sustainability strategy called "Protect Our Planet" to reduce greenhouse gas GHG emissions in its supply chain by 30% by 2030.
Establishment: |
1845 |
Headquarters: |
Kilchberg, Switzerland |
Website: |
https://www.lindt-spruengli.com/ |
Chocoladefabriken Lindt & Sprüngli AG, is known for its chocolate truffles and chocolate bars among other sweets. It is one of the oldest and most famous chocolate manufacturers in the world with a strong reputation for producing high-quality chocolate products. It produces a wide range of chocolate products, including chocolate bars, truffles, pralines, and seasonal products like easter bunnies and Christmas chocolates. The company also launched several initiatives to promote sustainable cocoa farming practices, such as the Lindt & Sprüngli Farming Program, which aims to improve the livelihoods of cocoa farmers and their communities.
Establishment: |
1946 |
Headquarters: |
Luxembourg, Italy |
Website: |
https://www.ferrero.com/ |
Ferrero International S.A. is a manufacturer of branded chocolate and confectionery products and is the second biggest chocolate producer and confectionery company in the world. It is a family-run business and produces several lines of confectionery goods under various brand names, including Ferrero Rocher, Kinder, Tic Tac, and Nutella, the chocolate-hazelnut spread that uses one-quarter of hazelnut supply around the world. After achieving its goal of sourcing 100% sustainable cocoa via independently managed standards, Ferrero International S.A. is continuously working to ensure full visibility and traceability of its cocoa across its supply chain and proper due diligence.
Establishment: |
1868 |
Headquarters: |
California, United States |
Website: |
https://www.guittard.com/ |
Guittard Chocolate Company is a leading chocolate maker that produces couverture chocolate using original formulas and traditional French methods. Its product line includes cocoa, chocolate syrup, and chocolate chips, among other products. It also offers a variety of chocolate blends with varying percentages of cocoa content, which allows for a range of flavors and intensities. It sources its cocoa beans from various countries around the world, including Madagascar, Ghana, and Ecuador, and takes great care in selecting the best beans.
Establishment: |
1894 |
Headquarters: |
California, USA |
Website: |
https://www.thehersheycompany.com/ |
The Hershey Company is one of the largest chocolate manufacturers in the world. It manufactures baked products, such as cookies and cakes, and beverages like milkshakes. Its product line also includes a wide range of chocolate and candy products, including the iconic Hershey's milk chocolate bar, Reese's peanut butter cups, and many others. It also produces baking chocolate, chocolate syrup, and other related products. Moreover, it develops milk chocolate that combines cocoa solids with milk to create a smoother, sweeter taste.
Establishment: |
1925 |
Headquarters: |
Zürich, Switzerland |
Website: |
https://www.migros.ch/ |
Federation of Migros Cooperatives operates through 12 cooperative groups with around 580 supermarkets located throughout Switzerland. It operates a wide range of businesses, including supermarkets, department stores, gas stations, and travel agencies. It aims to provide high-quality products at affordable prices to consumers. In addition, the company is known for its commitment to sustainability and implemented a number of initiatives to reduce its environmental impact, such as reducing plastic waste and promoting local and organic agriculture.
Establishment: |
1866 |
Headquarters: |
Vevey, Switzerland |
Website: |
https://www.nestle.com/ |
Nestlé S.A is one of the largest multinational food and drink processing conglomerate in the world. It produces a wide range of food and beverage products, including baby food, bottled water, chocolate, coffee, pet food, culinary, dairy, drinks, food service, healthcare nutrition, and ice cream. It is also involved in the production of pharmaceuticals and nutrition products. Its most well-known brands include Nescafe, Nestle Pure Life, and Gerber. The company recently announced a goal to achieve net zero greenhouse gas emissions by 2050 and to make all of its packaging recyclable or reusable by 2025.
Establishment: |
2005 |
Headquarters: |
Quito Ecuador |
Website: |
https://republicadelcacao.com/ |
Republica del Cacao is a chocolate and cocoa company known to produce authentic chocolates. It uses cocoa beans and other ingredients to produce chocolate bars, chocolate-covered bananas, pineapples, and coffee. Its product line also includes desserts, ice creams, and home baking materials, such as premix and chocolate buttons. The company aims to create alliances with local producers to strengthen traceability and promote the preservation of artisanal techniques. Its chocolate is made with unrefined traditional organic sugar and milk produced by small communities of dairy farmers.
Establishment: |
1992 |
Headquarters: |
France |
Website: |
https://www.valrhona-chocolate.com/ |
Valrhona, Inc is a chocolate and pastry company that offers a wide range of chocolates, including bars, couverture, cocoa powder, and chocolate decorations. It is known for its expertise in sourcing and blending cocoa beans from various regions around the world to create unique and complex flavors. It works with cocoa farmers in South America, the Caribbean, and Africa to ensure that they are using sustainable and ethical farming practices. The company also offers training and educational programs for professional chefs and pastry chefs, as well as for chocolate enthusiasts.
About Author:
Aditi Kumar Senior Content Writer at IMARC Services Private Limited Aditi is a content writer and editor at IMARC Services Private Limited with over two years of experience in market research, covering diverse sectors from information technology to healthcare, automotive, oil and gas, food and beverage, and electronics. She actively works on numerous predictive and exploratory research projects and has hands-on experience analyzing and writing about macro and micro markets. Besides writing, Aditi loves baking and reading novels. |
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