Global Industrial Chocolate Market 2024-2028

Industrial Chocolate Market 2024-2028


The industrial chocolate market is forecasted to grow by USD 2.85 bn during 2023-2028, accelerating at a CAGR of 5.08% during the forecast period. The report on the industrial 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 growing consumer awareness about health benefits of dark chocolate, rising demand for ruby chocolates, and technological innovations in industrial chocolate supply chain.

Technavio's industrial chocolate market is segmented as below:

By Application
  • Milk chocolate
  • Dark chocolate
  • White chocolate
By End-user
  • Confectionery
  • Biscuits and bakery products
  • Dairy and desserts
  • Ice creams and frozen items
  • Cereals and others
By Geographical Landscape
  • Europe
  • North America
  • APAC
  • South America
  • Middle East and Africa
This study identifies the growing vendor emphasis on sustainable cocoa production as one of the prime reasons driving the industrial chocolate market growth during the next few years. Also, personalization and mass customization of industrial chocolate and growing popularity of clean-label chocolate will lead to sizable demand in the market.

The report on the industrial chocolate market covers the following areas:
  • Industrial chocolate market sizing
  • Industrial chocolate market forecast
  • Industrial 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 industrial chocolate market vendors that include Barry Callebaut AG, Bonn Nutrients Pvt. Ltd., Cargill Inc., Cemoi, Chocoladefabriken Lindt and Sprungli AG, Dunkin Brands Group Inc., Ferrero International S.A., Fuji Oil Holdings Inc., General Mills Inc., Guittard Chocolate Co., JI NATURALS LLC, Mars Inc., Mondelez International Inc., NATRA SA, Nestle SA, Parle Products Pvt. Ltd., Puratos Group NV, The Hershey Co., UNIBIC Foods India Pvt. Ltd., and Unilever PLC. Also, the industrial 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 research - both primary and secondary. 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 the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Application
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global industrial chocolate market 2018 - 2022
      • Table Historic Market Size – Data Table on global industrial chocolate market 2018 - 2022 ($ million)
    • Application Segment Analysis 2018 - 2022
      • Table Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • End-user Segment Analysis 2018 - 2022
      • Table Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by Application
    • Market segments
      • Table Chart on Application - Market share 2023-2028 (%)
      • Table Data Table on Application - Market share 2023-2028 (%)
    • Comparison by Application
      • Table Chart on Comparison by Application
      • Table Data Table on Comparison by Application
    • Milk chocolate - Market size and forecast 2023-2028
      • Table Chart on Milk chocolate - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Milk chocolate - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Milk chocolate - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Milk chocolate - Year-over-year growth 2023-2028 (%)
    • Dark chocolate - Market size and forecast 2023-2028
      • Table Chart on Dark chocolate - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Dark chocolate - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Dark chocolate - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Dark chocolate - Year-over-year growth 2023-2028 (%)
    • White chocolate - Market size and forecast 2023-2028
      • Table Chart on White chocolate - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on White chocolate - Market size and forecast 2023-2028 ($ million)
      • Table Chart on White chocolate - Year-over-year growth 2023-2028 (%)
      • Table Data Table on White chocolate - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application ($ million)
      • Table Data Table on Market opportunity by Application ($ million)
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2023-2028 (%)
      • Table Data Table on End-user - Market share 2023-2028 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Confectionery - Market size and forecast 2023-2028
      • Table Chart on Confectionery - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Confectionery - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Confectionery - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Confectionery - Year-over-year growth 2023-2028 (%)
    • Biscuits and bakery products - Market size and forecast 2023-2028
      • Table Chart on Biscuits and bakery products - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Biscuits and bakery products - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Biscuits and bakery products - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Biscuits and bakery products - Year-over-year growth 2023-2028 (%)
    • Dairy and desserts - Market size and forecast 2023-2028
      • Table Chart on Dairy and desserts - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Dairy and desserts - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Dairy and desserts - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Dairy and desserts - Year-over-year growth 2023-2028 (%)
    • Ice creams and frozen items - Market size and forecast 2023-2028
      • Table Chart on Ice creams and frozen items - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Ice creams and frozen items - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Ice creams and frozen items - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Ice creams and frozen items - Year-over-year growth 2023-2028 (%)
    • Cereals and others - Market size and forecast 2023-2028
      • Table Chart on Cereals and others - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Cereals and others - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Cereals and others - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Cereals and others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ million)
      • Table Data Table on Market opportunity by End-user ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • Belgium - Market size and forecast 2023-2028
      • Table Chart on Belgium - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Belgium - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Belgium - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Belgium - Year-over-year growth 2023-2028 (%)
    • France - Market size and forecast 2023-2028
      • Table Chart on France - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on France - Market size and forecast 2023-2028 ($ million)
      • Table Chart on France - Year-over-year growth 2023-2028 (%)
      • Table Data Table on France - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growing consumer awareness about health benefits of dark chocolate
      • Rising demand for ruby chocolates
      • Technological innovations in industrial chocolate supply chain
    • Market challenges
      • Fluctuations in prices of cocoa and sugar
      • Stringent regulations regarding quality of industrial chocolate
      • Product recalls of chocolate at various levels of supply chain
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Growing vendor emphasis on sustainable cocoa production
      • Personalization and mass customization of industrial chocolate
      • Growing popularity of clean-label chocolate
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Barry Callebaut AG
      • Table Barry Callebaut AG - Overview
      • Table Barry Callebaut AG - Business segments
      • Table Barry Callebaut AG - Key news
      • Table Barry Callebaut AG - Key offerings
      • Table Barry Callebaut AG - Segment focus
    • Cargill Inc.
      • Table Cargill Inc. - Overview
      • Table Cargill Inc. - Product / Service
      • Table Cargill Inc. - Key news
      • Table Cargill Inc. - Key offerings
    • Cemoi
      • Table Cemoi - Overview
      • Table Cemoi - Product / Service
      • Table Cemoi - Key offerings
    • Chocoladefabriken Lindt and Sprungli AG
      • Table Chocoladefabriken Lindt and Sprungli AG - Overview
      • Table Chocoladefabriken Lindt and Sprungli AG - Business segments
      • Table Chocoladefabriken Lindt and Sprungli AG - Key news
      • Table Chocoladefabriken Lindt and Sprungli AG - Key offerings
      • Table Chocoladefabriken Lindt and Sprungli AG - Segment focus
    • Ferrero International S.A.
      • Table Ferrero International S.A. - Overview
      • Table Ferrero International S.A. - Product / Service
      • Table Ferrero International S.A. - Key news
      • Table Ferrero International S.A. - Key offerings
    • Fuji Oil Holdings Inc.
      • Table Fuji Oil Holdings Inc. - Overview
      • Table Fuji Oil Holdings Inc. - Business segments
      • Table Fuji Oil Holdings Inc. - Key news
      • Table Fuji Oil Holdings Inc. - Key offerings
      • Table Fuji Oil Holdings Inc. - Segment focus
    • General Mills Inc.
      • Table General Mills Inc. - Overview
      • Table General Mills Inc. - Business segments
      • Table General Mills Inc. - Key news
      • Table General Mills Inc. - Key offerings
      • Table General Mills Inc. - Segment focus
    • Guittard Chocolate Co.
      • Table Guittard Chocolate Co. - Overview
      • Table Guittard Chocolate Co. - Product / Service
      • Table Guittard Chocolate Co. - Key offerings
    • Mars Inc.
      • Table Mars Inc. - Overview
      • Table Mars Inc. - Product / Service
      • Table Mars Inc. - Key news
      • Table Mars Inc. - Key offerings
    • Mondelez International Inc.
      • Table Mondelez International Inc. - Overview
      • Table Mondelez International Inc. - Business segments
      • Table Mondelez International Inc. - Key news
      • Table Mondelez International Inc. - Key offerings
      • Table Mondelez International Inc. - Segment focus
    • NATRA SA
      • Table NATRA SA - Overview
      • Table NATRA SA - Product / Service
      • Table NATRA SA - Key offerings
    • Nestle SA
      • Table Nestle SA - Overview
      • Table Nestle SA - Business segments
      • Table Nestle SA - Key news
      • Table Nestle SA - Key offerings
      • Table Nestle SA - Segment focus
    • Puratos Group NV
      • Table Puratos Group NV - Overview
      • Table Puratos Group NV - Product / Service
      • Table Puratos Group NV - Key offerings
    • The Hershey Co.
      • Table The Hershey Co. - Overview
      • Table The Hershey Co. - Business segments
      • Table The Hershey Co. - Key news
      • Table The Hershey Co. - Key offerings
      • Table The Hershey Co. - Segment focus
    • Unilever PLC
      • Table Unilever PLC - Overview
      • Table Unilever PLC - Business segments
      • Table Unilever PLC - Key news
      • Table Unilever PLC - Key offerings
      • Table Unilever PLC - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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