Global Premium Chocolate Market 2023-2027
Technavio has been monitoring the premium chocolate market and is forecast to grow by USD 17.65 bn during 2022-2027, accelerating at a CAGR of 8.79% during the forecast period. Our report on the premium 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 new product launches, increasing market indulgence, and burgeoning marketing strategies.
Technavio's premium chocolate market is segmented as below:
By Distribution Channel
By Product
- Dark premium chocolate
- White
- milk premium chocolate
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the demand for organic, vegan, sugar-free, and gluten-free chocolates as one of the prime reasons driving the premium chocolate market growth during the next few years. Also, support for sustainable cocoa production and transparency in ingredient labeling will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the premium chocolate market covers the following areas:
- Premium chocolate market sizing
- Premium chocolate market forecast
- Premium chocolate market industry analysis
Technavio's 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 premium chocolate market vendors that include Cargill Inc., CEMOI Group, Champlain Chocolate Co., Chocoladefabriken Lindt and Sprungli AG, Ferrero International S.A., Hotel Chocolat Group plc, Lotte Corp., Marks and Spencer Plc, Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Nestle SA, Neuhaus NV, Pierre Marcolini Group, RICHART, Savencia SA, Teuscher Chocolates of Switzerland, The Hershey Co., Vosges Haut Chocolat Ltd., and Yildiz Holding AS. Also, the premium 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.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through 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. Technavio's 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.