Global Chocolate Market 2024-2028

Chocolate Market 2024-2028

The chocolate market is forecasted to grow by USD 51.2 bn during 2023-2028, accelerating at a CAGR of 5.28% during the forecast period. The report on the chocolate market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing premiumization of chocolates, introduction of new chocolates, and growing awareness of environmental sustainability and ethical sourcing.

Technavio's chocolate market is segmented as below:

• By Product
• Milk chocolate
• Dark chocolate
• White chocolate
• By Distribution Channel
• Offline
• Online
• By Geographical Landscape
• Europe
• North America
• APAC
• South America
• Middle East and Africa

This study identifies the rising innovation in chocolate packaging as one of the prime reasons driving the chocolate market growth during the next few years. Also, growing demand for organic vegan chocolates and increasing demand for gluten-free chocolates and growing trend of clean labeling will lead to sizable demand in the market.

The report on the chocolate market covers the following areas:

• Chocolate market sizing
• Chocolate market forecast
• Chocolate market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading chocolate market vendors that include Arcor Group, AUGUST STORCK KG, Barry Callebaut AG, Chocoladefabriken Lindt and Sprungli AG, Crown Confectionery Co. Ltd, Delfi Ltd., Ezaki Glico Co. Ltd., Ferrero International S.A., Ghirardelli Chocolate Co., Gujarat Cooperative Milk Marketing Federation Ltd., Lotte Corp., Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Moonstruck Chocolate Co., Nestle SA, Orion Corp., The Australian Carob Co., The Hershey Co., Unreal Brands Inc., and Yildiz Holding AS. Also, the chocolate market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.