Chocolate Market, by Price Range, Flavor, Product Types, Distribution Channels, and Geography - Trends and Forecast, 2022 - 2028

Chocolate Market, by Price Range, Flavor, Product Types, Distribution Channels, and Geography - Trends and Forecast, 2022 - 2028

Chocolate is regarded as one of the highly profitable components and is denoted as a multibillion-dollar market, which is expected to conquer new levels over the forecast period. It is a type of sweet mainly prepared from cacao seeds, which are roasted and ground. Amount of cacao added while preparing decides the different variety of chocolates to be produced. It has also made its way in vast number of food items, such as cookies, cakes, brownies, pudding, mouse, hot and cold beverages, and various other dishes with increase in demand and innovation. As taste is the major preference among the consumers, companies are focusing on making a product that is accepted worldwide.
Market Dynamics
Major drivers propelling the growth of chocolate market includes wide range of application such as flavored food items and confectionary products. Milk chocolates dominates the flavored chocolate market, followed by dark chocolate. According to coherent market insights, global milk chocolate market is valued US$ 39.49 billion in 2021. Rising awareness about the health benefits of dark chocolate, such as potential cancer prevention, improved heart health, maintaining cholesterol level, and high antioxidant level is expected to boost the growth of chocolate market over the forecast period. According to National Center for Biotechnology Information (NCBI), cocoa chocolate has cancer protective properties along with it is strong antioxidant effects with a pleasurable eating experience.
Key features of the study:

This report provides in-depth analysis of chocolate market, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year.
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
It profiles leading players in the global Chocolate market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans.
Key companies covered as a part of this study include Mars, Hershey, Nestlé, Barry Callebaut, Kraft Foods, Ferrero, Moonstruck Chocolatier Co., Ghirardelli Chocolate Co., Mondelez International (Cadbury).
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion and marketing tactics.
The global chocolate market report caters to various stakeholders in this industry including investors, suppliers, Chocolate manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the Chocolate market.

Detailed Segmentation:

Global Chocolate Market, By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

Global Chocolate Market, By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bittersweet
Semi-sweet
Others

Global Chocolate Market, By Product Types:

Box Chocolate
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

Global Chocolate Market, By Distribution Channel:

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Global Chocolate Market, By Geography:

North America

U.S.

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Canada

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Europe

U.K.

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Germany

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Italy

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

France

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Russia

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Rest of Europe

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Asia Pacific

China

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

India

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Japan

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

ASEAN

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Australia

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

South Korea

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Rest of Asia Pacific

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Latin America

Brazil

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Mexico

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Rest of Latin America

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Middle East

GCC

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Israel

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Africa

North Africa

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Central Africa

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

South Africa

By Price Range:

Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

By Flavor:

White Chocolate
Milk Chocolate
Dark Chocolate

Bitter Chocolate
Semi-sweet
Others

By Product Types

Box Chocolates
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

By Distribution Channel

Supermarket
Hypermarket
Convenience Store
Online Channel
Departmental Store
Others

Company Profiles

Mars*

Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans

Hershey
Nestlé
Barry Callebaut
Kraft Foods
Ferrero        
Moonstruck Chocolatier Co.
Ghirardelli Chocolate Co.
Mondelez International (Cadbury) 

“*” marked represents similar segmentation in other categories in the respective section.