Chocolate Market - Global Industry Analysis

Chocolate Market - By Type of Chocolate (Dark, Milk, and White), By Sales Category (Everyday Chocolate, Premium Chocolate, and Seasonal Chocolate), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Published Date: 23-Nov-2021 Category: Food & Beverage Report Format : PDF Pages: 157 Report Code: ZMR-218 Status : Published

The global Chocolate Market accrued earnings worth approximately 136.01(USD Billion) in 2020 and is predicted to gain revenue of about 192.12 (USD Billion) by 2028, is set to record a CAGR of nearly 4.7% over the period from 2021 to 2028.

Description

Chocolate Market Size

The global Chocolate Market accrued earnings worth approximately 136.01(USD Billion) in 2020 and is predicted to gain revenue of about 192.12 (USD Billion) by 2028, is set to record a CAGR of nearly 4.7% over the period from 2021 to 2028. The report offers an assessment and analysis of the Chocolate Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Chocolate Market: Overview

Chocolate is edible item prepared through roasting of cacao seeds derived through theobroma cacao tree pods. Furthermore, these cacao seeds are harvested, fermented, dried, and grinded to form a paste. After this, these seeds are put under high pressure for bifurcating cocoa from chocolate. The latter is a high source of alkaloids that are utilized in manufacturing confectionery & bakery items including puddings, cakes, brownies, and cookies. Growing customer preference for various chocolate flavors will steer expansion of chocolate market in upcoming years.

Global Chocolate Market

Chocolate Market: Growth Drivers

Substantial expansion in food & beverages industry will spur the growth of the chocolate industry. In addition to this, escalating consciousness related to dark chocolate as healthy confectioneryitem will proliferate expansion of chocolate market over assessmentperiod. Rise in disposable income of consumers in emerging economies of Asia Pacific will translate into massive product demand over the assessment period. With chocolate demand regaining a peak during festive & seasonal occasions, market for chocolate is set togain traction over years ahead. Nonetheless, oscillating raw material costs will pose a threat to growth of chocolate market inupcoming years.

Furthermore, the surge in the purchasing capacity of consumers will offer new growth avenues for chocolate market in years ahead. Apparently, regular intake of dark chocolate in normal quantities is predicted to enhance blood circulation in human body along with reducing blood pressure as well as reducing heart attack risk. This,in turn, is set to spike the growth of the chocolate market over the forecasting timespan.

Chocolate Market: Regional Landscape  

Europe To Make Notable Contributions Towards Overall Market Share By 2028

Growth of chocolate market in Europe in next seven years can becredited to rise in demand for dark chocolate among customers inmajor European countries such as France, the UK, and Germany. Escalating need for high quality chocolate products along with the growing popularity of fine cocoa in continent will culminate in humungous regional market growth over assessment period.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Chocolate Market: Competitive Landscape

Key participants profiled in report and lucratively influencinggrowth of chocolate market are Nestle S.A., Barry Callebaut, Arcor,Chocoladefabriken Lindt & Sprüngli AG, Mondelez International,Inc., The Hershey Company, Mars, Incorporated, Ferrero Group, The Australian Carob Co, and Meiji Holdings Co., Ltd.

The global Chocolate Market is segmented as follows:

By Type of Chocolate

By Sales Category

  • Everyday Chocolate
  • Premium Chocolate
  • Seasonal Chocolate

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Pharmaceutical Intermediates Market, 2018–2028(USD Million)
    • 2.2. Pharmaceutical Intermediates Market: Snapshot
  • Chapter 3. Global Pharmaceutical Intermediates Market– Industry Analysis
    • 3.1. Pharmaceutical Intermediates Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Surge in incidence of chronic ailments such as diabetes, heart disorders, and kidney problems will bulster industry trends.
      • 3.2.2. Expanding reach of myriad pharma players in emerging countries will enhance scope of Pharmaceutical Intermediates Market growth over assessment timespan.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Application
      • 3.4.2. Market attractiveness analysis By Product Type
      • 3.4.3. Market attractiveness analysis By Distribution Channel
  • Chapter 4. Global Pharmaceutical Intermediates Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Pharmaceutical Intermediates Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Pharmaceutical Intermediates Market– Application Analysis
    • 5.1. Global Pharmaceutical Intermediates Market overview: By Application
      • 5.1.1. Global Pharmaceutical Intermediates Market share, By Application, 2020 and 2028
    • 5.2. Antibiotics
      • 5.2.1. Global Pharmaceutical Intermediates Market by Antibiotics, 2018–2028(USD Million)
    • 5.3. Vitamins
      • 5.3.1. Global Pharmaceutical Intermediates Market by Vitamins, 2018–2028(USD Million)
    • 5.4. Antipyretic Analgesics
      • 5.4.1. Global Pharmaceutical Intermediates Market by Antipyretic Analgesics, 2018–2028(USD Million)
  • Chapter 6. Global Pharmaceutical Intermediates Market– Product Type Analysis
    • 6.1. Global Pharmaceutical Intermediates Market overview: By Product Type
      • 6.1.1. Global Pharmaceutical Intermediates Market share, By Product Type, 2020 and 2028
    • 6.2. GMP
      • 6.2.1. Global Pharmaceutical Intermediates Market by GMP , 2018–2028(USD Million)
    • 6.3. Non-GMP
      • 6.3.1. Global Pharmaceutical Intermediates Market by Non-GMP, 2018–2028(USD Million)
  • Chapter 7. Global Pharmaceutical Intermediates Market overview: By Distribution Channel
    • 7.1. Global Pharmaceutical Intermediates Marketshare, By Distribution Channel , 2020 and 2028
    • 7.2. Direct Sales
      • 7.2.1. Global Pharmaceutical Intermediates Marketby Direct Sales, 2018–2028(USD Million)
    • 7.3. Distributor
      • 7.3.1. Global Pharmaceutical Intermediates Marketby Distributor, 2018–2028(USD Million)
  • Chapter 8. Company Profiles
    • 8.1. Codexis, Inc.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfulio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Midas Pharma GmbH
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfulio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Cycle Pharma
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfulio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Development
    • 8.4. Dextra Laboratories Ltd.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfulio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Development
    • 8.5. BASF SE
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfulio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Chemcon Specialty Chemicals Pvt. Ltd
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfulio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
        • 8.7. A.R. Life Sciences Private Limited
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product Portfulio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. Dishman Group
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product Portfulio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. Sanofi Winthrop Industrie S.A.
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product Portfulio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. ZCL Chemicals Ltd.
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product Portfulio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development
    • 8.11. Easter Chemical Corporation
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product Portfulio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Development
    • 8.12. Lianhetech
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Product Portfulio
      • 8.12.4. Business Strategy
      • 8.12.5. Recent Development
    • 8.13. Aceto Corporation
      • 8.13.1. Overview
      • 8.13.2. Financials
      • 8.13.3. Product Portfulio
      • 8.13.4. Business Strategy
      • 8.13.5. Recent Development
    • 8.14. Vertellus Huldings LLC
      • 8.14.1. Overview
      • 8.14.2. Financials
      • 8.14.3. Product Portfulio
      • 8.14.4. Business Strategy
      • 8.14.5. Recent Development

Table Of Figures

List of Figures

1. Market research Type
2. Market research methodulogy
3. Global Choculate Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Choculate Marketattractiveness, By Type of Choculate
6. Global Choculate Marketattractiveness, By Sales Category
7. Global Choculate Marketshare by Type of Choculate ,2020 and 2028 (USD Billion)
8. Global Choculate Market by Dark, 2018–2028(USD Billion)
9. Global Choculate Market by White, 2018–2028(USD Billion)
10. Global Choculate Market by Milk, 2018–2028(USD Billion)
11. Global Choculate Marketshare by Sales Category ,2020 and 2028 (USD Billion)
12. Global Choculate Market by Everyday Choculate, 2018–2028(USD Billion)
13. Global Choculate Market by Premium Choculate, 2018–2028(USD Billion)
14. Global Choculate Market by Seasonal Choculate, 2018–2028(USD Billion)
15. Global Choculate Marketshare, by Region, 2020 and 2028
16. North America Choculate Market, 2018–2028(USD Billion)
17. Europe Choculate Market, 2018–2028(USD Billion)
18. Asia Pacific Choculate Market, 2018–2028(USD Billion)
19. Latin America Choculate Market, 2018–2028(USD Billion)
20. The Middle East and Africa Choculate Market, 2018–2028(USD Billion)


Table Of Tables

List of Tables

1. Global Choculate Market: snapshot
2. Drivers of the Choculate Market: impact analysis
3. North America Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
4. North America Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
5. The U.S. Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
6. The U.S. Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
7. Rest of North America Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
8. Rest of North America Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
9. Europe Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
10. Europe Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
11. UK Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
12. UK Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
13. France Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
14. France Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
15. Germany Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
16. Germany Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
17. Rest of Europe Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
18. Rest of Europe Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
19. Asia Pacific Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
20. Asia Pacific Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
21. China Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
22. China Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
23. Japan Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
24. Japan Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
25. India Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
26. India Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
27. Rest of Asia Pacific Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
28. Rest of Asia Pacific Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
29. Latin America Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
30. Latin America Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
31. Brazil Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
32. Brazil Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
33. Rest of Latin America Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
34. Rest of Latin  America Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
35. The Middle East and Africa Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
36. The Middle East and Africa Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
37. Saudi Arabia Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
38. Saudi Arabia Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
39. South Africa Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
40. South Africa Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)
41. Rest of the Middle East & Africa Choculate Market revenue, By Type of Choculate  ,2018–2028(USD Billion)
42. Rest of the Middle East & Africa Choculate Market revenue, By Sales Category ,2018–2028(USD Billion)

 


 

Methodology

Free Analysis

Chocolate, usually brown, is a typically sweet consumable food product, prepared from roasted cacao seeds. It is available in different forms, such as paste, liquid, or in blocks and is used as an essence in other food products. Moreover, solid cocoa is a source of alkaloids including theobromine, phenethylamine, caffeine, and flavonoids. Chocolate also contains anandamide. Further, it is the most popular food type across the world. It has different flavors and can be used for making a wide range of food products, such as pudding, cake, chocolate chip cookies, and chocolate brownies, among others. Thereby, it has a huge demand across the globe, which will eventually help it to gain more share value during the forecast period.

The global chocolate market is primarily driven by the health benefits of dark chocolate, which includes protecting the skin from the sun, improving blood flow, enhancing brain function, lowering blood pressure, and reducing the risk of heart diseases. Dark chocolate is rich in anti-oxidants and contains soluble fibers, minerals, and bioactive compounds. Therefore, owing to its extensive range of health benefits, the popularity of dark chocolate is anticipated to increase and develop the global chocolate market during the forecast period. In addition, chocolate has numerous applications. Seasonal and festival sales are propelling the overall market growth within the forecast period. However, the cost of raw material might hinder the growth of the global chocolate market.

Global Chocolate Market

The global market of chocolate can be fragmented into type and sales category. Based on the type, the chocolate market can be segmented into dark, milk, and white. The dark chocolate segment is expected to attain the largest market share in terms of value, owing to its increased application in the bakery and confectionery industry.

On the basis of sales category, this market can be divided into everyday chocolate, premium chocolate, and seasonal chocolate. The everyday chocolate segment is anticipated to generate more revenue during the forecast period. This is mainly due to the affordable price of everyday chocolates. Hence, this segment will have more demand in the future and will fuel the expansion of this market during the forecast period.

Based on geography, the global chocolate market finds its market scope in Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. North America is anticipated to dominate the global chocolate market during the forecast period. This is due to the presence of a large number of leading chocolate manufacturers in this region, such as Mars Inc., Mondelez International, the Hershey Company, etc. Europe is projected to hold a substantial share in the global market of chocolate, due to the rise in manufacturing set-ups and the modern supply chain facilities of chocolate products. Besides, Asia Pacific is the fastest growing region, owing to increasing disposable income in emerging countries, such as India and China.

The report also includes detailed profiles of key players, such as Nestle SA, Ghirardelli Chocolate Company, Mars Inc., Ferrero Group, Cadbury, Barry Callebaut, Moonstruck Chocolate Company, The Hershey Company, and Amul (GCMMF). The detailed description of players includes various parameters, such as company overview, financial overview, business strategies, and recent developments of the company.

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FrequentlyAsked Questions

Substantial expansion in food & beverages industry will spur growth of chocolate industry. In addition to this, escalating consciousness related to dark chocolate as healthy confectionery item will proliferate expansion of chocolate market over assessment period. Rise in disposable income of consumers in emerging economies of Asia Pacific will translate into massive product demand over assessment period. With chocolate demand regaining peak during festive & seasonal occasions, market for chocolate is set to gain traction over years ahead. Furthermore, surge in purchasing capacity of consumers will offer new growth avenues for chocolate market in years ahead. Apparently, regular intake of dark chocolate in normal quantities is predicted to enhance blood circulation in human body along with reducing blood pressure as well as reduce heart attack risk. This, in turn, is set to spike growth of chocolate market over forecasting timespan.   

According to Zion market research report, the global Chocolate Market accrued earnings worth approximately 136.01(USD Billion) in 2020 and is predicted to gain revenue of about 192.12 (USD Billion) by 2028, is set to record a CAGR of nearly 4.7% over the period from 2021 to 2028.

Europe will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to rise in demand for dark chocolate among customers in major European countries such as France, the UK, and Germany. Escalating need for high quality chocolate products along with growing popularity of fine cocoa in continent will culminate into humungous regional market growth over assessment period.

The key market participants include Nestle S.A., Barry Callebaut, Arcor, Chocoladefabriken Lindt & Sprüngli AG, Mondelez International, Inc., The Hershey Company, Mars, Incorporated, Ferrero Group, The Australian Carob Co, and Meiji Holdings Co., Ltd. 

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