Global Chocolate Market Analysis and Forecast till 2028
- Report ID: 56109
- Date: Dec, 2022
- Pages: 120
- Category: Food & Beverages
Global Chocolate Market Analysis and Forecast 2019-2028
The global chocolate is expected to witness a growth rate of around 5.3% during the projected period. Theobroma cacao trees produce cocoa seeds, which are used to make chocolate. Chocolates are often presented with a variety of flavours and are manufactured from cocoa seeds, cocoa liquor, cocoa butter, milk, and sugar. Chocolate is an easy-to-get luxury for consumers to treat themselves or to gift to their dear ones.
The increasing awareness among consumers regarding dark chocolate as a healthier confectionery product, which consists of antioxidants that protect the skin from harmful ultraviolet rays, is expected to increase the demand for dark chocolates and hence drive the growth of the overall market.
Market Segmentation
The Global Chocolate market is segmented based on product, application, distribution, and region. On the basis of product, the market is divided into traditional chocolate (dark chocolate, white chocolate, and milk chocolate) and artificial chocolate. Traditional chocolate accounted for the largest share while artificial chocolate is expected to exhibit the fastest CAGR during the forecast period.
Based on application, the market is segmented into food products, beverages, cosmetics, and pharmaceuticals. Further, the food products segment is estimated to hold a prominent share in the market. On the basis of distribution, the market is segmented into direct sales (B2B), supermarkets and hypermarkets, convenience stores, and online stores. Based on region, the market is divided into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East & Africa.
Market Structure and Competitive Landscape
Some of the prominent players that contribute significantly to the global chocolate market are Nestle SA, Barry Callebaut, The Hershey Company, Lindt & Sprungli AG, The Australian Carob Co, Ferrero Group, Mars Incorporated, Meiji Holdings Co Ltd, Arcor, Cadbury (Mondelez International), August Storck KG, Ezaki Glico Co Ltd, Kraft Foods, Moonstruck Chocolatier Co, and Ghirardelli Chocolate Co among others.
These players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, product launches, Partnerships, and collaborations are some of the strategies followed by industry players.
Some of the key developments in Global Chocolate include,
• In March 2022, Barry Callebaut announced the expansion of its factory in Campbellfield, Melbourne, Australia. The new factory expands the company’s geographical footprint in Asia Pacific by creating safe, high-quality products.
• In January 2022, Blommer Chocolate company, a subsidiary of Fuji Oil Co Ltd announced the opening of an R&D applications lab in downtown Chicago. The new space represents an expansion of R&D capabilities, with new and improved ways to support the business.
Global Chocolate Market Analysis and Forecast 2019-2028
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players’ expenditures, and economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Raw Material Suppliers
6.3.1.1. Cocoa Farmers
6.3.1.2. Cocoa Associations
6.3.1.3. Cocoa Marketing Groups
6.3.1.4. Chocolate Manufacturers
6.3.1.5. Other FMCG and End Users
6.3.2. Cocoa Processing Companies
6.4. Industry SWOT Analysis
6.5. Value Chain Integration level
6.5.1. By Geography
6.5.2. By Company
6.6. PESTLE Analysis
6.7. Porter’s Five Forces Analysis
7. Government Laws & Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Opportunities
9. Global Chocolate Market: Investment Analysis
9.1. By Chocolate Manufacturers
9.2. By Region
9.3. M&A Activities
10. Parent Market Overview
10.1. Global Food & Beverage Market
10.2. Global Cocoa Market
10.2.1. Production Analysis (2018-2028)
10.2.2. Consumption Analysis (2018-2028)
11. Segmental Analysis
11.1. Global Chocolate Market by Product Type
11.1.1. Segment Overview
11.1.2. Cocoa Ingredients
11.1.2.1. Cocoa Butter
11.1.2.2. Cocoa Liquor
11.1.2.3. Cocoa Powder
11.1.3. Chocolate
11.1.3.1. White Chocolate
11.1.3.2. Dark Chocolate
11.1.3.3. Milk Chocolate
11.1.3.4. Filled Chocolate
11.1.3.5. Artificial Chocolate
11.2. Global Chocolate Market by Product Form
11.2.1. Segment Overview
11.2.1.1. Molded
11.2.1.2. Countlines
11.2.1.3. Softlines/ Selflines
11.3. Global Chocolate Market by Application
11.3.1. Segment Overview
11.3.1.1. Food Products
11.3.1.1.1. Bakery Products
11.3.1.1.2. Sugar Confectionery
11.3.1.1.3. Desserts
11.3.1.2. Beverages
11.3.1.3. Cosmetics
11.3.1.4. Pharmaceuticals
11.4. Global Chocolate Market by Pricing
11.4.1. Segment Overview
11.4.1.1. Everyday Chocolate
11.4.1.2. Premium Chocolate
11.4.1.3. Seasonal Chocolate
11.5. Global Chocolate Market by Sales Channel
11.5.1. Segment Overview
11.5.1.1. Offline
11.5.1.1.1. Retail Stores
11.5.1.1.2. Supermarkets and Hypermarkets
11.5.1.1.3. Convenience Stores
11.5.1.2. Online/E-Commerce
11.6. Global Chocolate Market by Region
11.6.1. Segment Overview
11.6.1.1. North America
11.6.1.2. Latin America
11.6.1.3. Western Europe
11.6.1.4. Eastern Europe
11.6.1.5. Asia Pacific
11.6.1.6. Middle East & Africa
12. Regional Analysis
12.1. North America Chocolate Market Analysis and Forecast 2019-2028
12.1.1. Regional Market Overview and Key Takeaways
12.1.2. North America Chocolate Market by Product Type
12.1.3. North America Chocolate Market by Product Form
12.1.4. North America Chocolate Market by Application
12.1.5. North America Chocolate Market by Pricing
12.1.6. North America Chocolate Market by Sales Channel
12.1.7. North America Chocolate Market by Country
12.1.7.1. US
12.1.7.2. Canada
12.2. Latin America Chocolate Market Analysis and Forecast 2019-2028
12.2.1. Regional Market Overview and Key Takeaways
12.2.2. Latin America Chocolate Market by Product Type
12.2.3. Latin America Chocolate Market by Product Form
12.2.4. Latin America Chocolate Market by Application
12.2.5. Latin America Chocolate Market by Pricing
12.2.6. Latin America Chocolate Market by Sales Channel
12.2.7. Latin America Chocolate Market by Country
12.2.7.1. Brazil
12.2.7.2. Mexico
12.2.7.3. Rest of Latin America
12.3. Western Europe Chocolate Market Analysis and Forecast 2019-2028
12.3.1. Regional Market Overview and Key Takeaways
12.3.2. Western Europe Chocolate Market by Product Type
12.3.3. Western Europe Chocolate Market by Product Form
12.3.4. Western Europe Chocolate Market by Application
12.3.5. Western Europe Chocolate Market by Pricing
12.3.6. Western Europe Chocolate Market by Sales Channel
12.3.7. Western Europe Chocolate Market by Country
12.3.7.1. Germany
12.3.7.2. UK
12.3.7.3. France
12.3.7.4. Spain
12.3.7.5. Italy
12.3.7.6. Benelux
12.3.7.7. Nordic
12.3.7.8. Rest of Western Europe
12.4. Eastern Europe Chocolate Market Analysis and Forecast 2019-2028
12.4.1. Regional Market Overview and Key Takeaways
12.4.2. Eastern Europe Chocolate Market by Product Type
12.4.3. Eastern Europe Chocolate Market by Product Form
12.4.4. Eastern Europe Chocolate Market by Application
12.4.5. Eastern Europe Chocolate Market by Pricing
12.4.6. Eastern Europe Chocolate Market by Sales Channel
12.4.7. Eastern Europe Chocolate Market by Country
12.4.7.1. Russia
12.4.7.2. Poland
12.4.7.3. Rest of Eastern Europe
12.5. Asia Pacific Chocolate Market Analysis and Forecast 2019-2028
12.5.1. Regional Market Overview and Key Takeaways
12.5.2. Asia Pacific Chocolate Market by Product Type
12.5.3. Asia Pacific Chocolate Market by Product Form
12.5.4. Asia Pacific Chocolate Market by Application
12.5.5. Asia Pacific Chocolate Market by Pricing
12.5.6. Asia Pacific Chocolate Market by Sales Channel
12.5.7. Asia Pacific Chocolate Market by Country
12.5.7.1. China
12.5.7.2. Japan
12.5.7.3. India
12.5.7.4. South Korea
12.5.7.5. Australia
12.5.7.6. ASEAN
12.5.7.7. Rest of Asia-Pacific
12.6. Middle East & Africa Chocolate Market Analysis and Forecast 2019-2028
12.6.1. Regional Market Overview and Key Takeaways
12.6.2. Middle East & Africa Chocolate Market by Product Type
12.6.3. Middle East & Africa Chocolate Market by Product Form
12.6.4. Middle East & Africa Chocolate Market by Application
12.6.5. Middle East & Africa Chocolate Market by Pricing
12.6.6. Middle East & Africa Chocolate Market by Sales Channel
12.6.7. Middle East & Africa Chocolate Market by Country
12.6.7.1. GCC
12.6.7.2. South Africa
12.6.7.3. Turkey
12.6.7.4. Rest of the Middle East & Africa
13. Competitive Landscape
13.1. Competition Dashboard
13.1.1. Global and Regional Market Share Analysis
13.1.2. Market Structure
13.2. Competitive Benchmarking
13.3. Key Strategy Analysis
13.4. Company Profiles
13.4.1. Nestle SA
13.4.1.1. Company Overview
13.4.1.2. Product/Service Offerings
13.4.1.3. Key Financials
13.4.1.4. Recent Developments
13.4.2. Barry Callebaut
13.4.2.1. Company Overview
13.4.2.2. Product/Service Offerings
13.4.2.3. Key Financials
13.4.2.4. Recent Developments
13.4.3. The Hershey Company
13.4.3.1. Company Overview
13.4.3.2. Product/Service Offerings
13.4.3.3. Key Financials
13.4.3.4. Recent Developments
13.4.4. Lindt & Sprungli AG
13.4.4.1. Company Overview
13.4.4.2. Product/Service Offerings
13.4.4.3. Key Financials
13.4.4.4. Recent Developments
13.4.5. The Australian Carob Co.
13.4.5.1. Company Overview
13.4.5.2. Product/Service Offerings
13.4.5.3. Key Financials
13.4.5.4. Recent Developments
13.4.6. Ferrero Group
13.4.6.1. Company Overview
13.4.6.2. Product/Service Offerings
13.4.6.3. Key Financials
13.4.6.4. Recent Developments
13.4.7. Mars, Incorporated
13.4.7.1. Company Overview
13.4.7.2. Product/Service Offerings
13.4.7.3. Key Financials
13.4.7.4. Recent Developments
13.4.8. Meiji Holdings Co Ltd
13.4.8.1. Company Overview
13.4.8.2. Product/Service Offerings
13.4.8.3. Key Financials
13.4.8.4. Recent Developments
13.4.9. Arcor
13.4.9.1. Company Overview
13.4.9.2. Product/Service Offerings
13.4.9.3. Key Financials
13.4.9.4. Recent Developments
13.4.10. Cadbury (Mondelez International)
13.4.10.1. Company Overview
13.4.10.2. Product/Service Offerings
13.4.10.3. Key Financials
13.4.10.4. Recent Developments
13.4.11. August Storck KG
13.4.11.1. Company Overview
13.4.11.2. Product/Service Offerings
13.4.11.3. Key Financials
13.4.11.4. Recent Developments
13.4.12. Ezaki Glico Co Ltd
13.4.12.1. Company Overview
13.4.12.2. Product/Service Offerings
13.4.12.3. Key Financials
13.4.12.4. Recent Developments
13.4.13. Kraft Foods
13.4.13.1. Company Overview
13.4.13.2. Product/Service Offerings
13.4.13.3. Key Financials
13.4.13.4. Recent Developments
13.4.14. Moonstruck Chocolatier Co
13.4.14.1. Company Overview
13.4.14.2. Product/Service Offerings
13.4.14.3. Key Financials
13.4.14.4. Recent Developments
13.4.15. Ghirardelli Chocolate Co
13.4.15.1. Company Overview
13.4.15.2. Product/Service Offerings
13.4.15.3. Key Financials
13.4.15.4. Recent Developments
14. Disclaimer
Global Chocolate Market Analysis and Forecast 2019-2028
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players’ expenditures, and economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Raw Material Suppliers
6.3.1.1. Cocoa Farmers
6.3.1.2. Cocoa Associations
6.3.1.3. Cocoa Marketing Groups
6.3.1.4. Chocolate Manufacturers
6.3.1.5. Other FMCG and End Users
6.3.2. Cocoa Processing Companies
6.4. Industry SWOT Analysis
6.5. Value Chain Integration level
6.5.1. By Geography
6.5.2. By Company
6.6. PESTLE Analysis
6.7. Porter’s Five Forces Analysis
7. Government Laws & Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Opportunities
9. Global Chocolate Market: Investment Analysis
9.1. By Chocolate Manufacturers
9.2. By Region
9.3. M&A Activities
10. Parent Market Overview
10.1. Global Food & Beverage Market
10.2. Global Cocoa Market
10.2.1. Production Analysis (2018-2028)
10.2.2. Consumption Analysis (2018-2028)
11. Segmental Analysis
11.1. Global Chocolate Market by Product Type
11.1.1. Segment Overview
11.1.2. Cocoa Ingredients
11.1.2.1. Cocoa Butter
11.1.2.2. Cocoa Liquor
11.1.2.3. Cocoa Powder
11.1.3. Chocolate
11.1.3.1. White Chocolate
11.1.3.2. Dark Chocolate
11.1.3.3. Milk Chocolate
11.1.3.4. Filled Chocolate
11.1.3.5. Artificial Chocolate
11.2. Global Chocolate Market by Product Form
11.2.1. Segment Overview
11.2.1.1. Molded
11.2.1.2. Countlines
11.2.1.3. Softlines/ Selflines
11.3. Global Chocolate Market by Application
11.3.1. Segment Overview
11.3.1.1. Food Products
11.3.1.1.1. Bakery Products
11.3.1.1.2. Sugar Confectionery
11.3.1.1.3. Desserts
11.3.1.2. Beverages
11.3.1.3. Cosmetics
11.3.1.4. Pharmaceuticals
11.4. Global Chocolate Market by Pricing
11.4.1. Segment Overview
11.4.1.1. Everyday Chocolate
11.4.1.2. Premium Chocolate
11.4.1.3. Seasonal Chocolate
11.5. Global Chocolate Market by Sales Channel
11.5.1. Segment Overview
11.5.1.1. Offline
11.5.1.1.1. Retail Stores
11.5.1.1.2. Supermarkets and Hypermarkets
11.5.1.1.3. Convenience Stores
11.5.1.2. Online/E-Commerce
11.6. Global Chocolate Market by Region
11.6.1. Segment Overview
11.6.1.1. North America
11.6.1.2. Latin America
11.6.1.3. Western Europe
11.6.1.4. Eastern Europe
11.6.1.5. Asia Pacific
11.6.1.6. Middle East & Africa
12. Regional Analysis
12.1. North America Chocolate Market Analysis and Forecast 2019-2028
12.1.1. Regional Market Overview and Key Takeaways
12.1.2. North America Chocolate Market by Product Type
12.1.3. North America Chocolate Market by Product Form
12.1.4. North America Chocolate Market by Application
12.1.5. North America Chocolate Market by Pricing
12.1.6. North America Chocolate Market by Sales Channel
12.1.7. North America Chocolate Market by Country
12.1.7.1. US
12.1.7.2. Canada
12.2. Latin America Chocolate Market Analysis and Forecast 2019-2028
12.2.1. Regional Market Overview and Key Takeaways
12.2.2. Latin America Chocolate Market by Product Type
12.2.3. Latin America Chocolate Market by Product Form
12.2.4. Latin America Chocolate Market by Application
12.2.5. Latin America Chocolate Market by Pricing
12.2.6. Latin America Chocolate Market by Sales Channel
12.2.7. Latin America Chocolate Market by Country
12.2.7.1. Brazil
12.2.7.2. Mexico
12.2.7.3. Rest of Latin America
12.3. Western Europe Chocolate Market Analysis and Forecast 2019-2028
12.3.1. Regional Market Overview and Key Takeaways
12.3.2. Western Europe Chocolate Market by Product Type
12.3.3. Western Europe Chocolate Market by Product Form
12.3.4. Western Europe Chocolate Market by Application
12.3.5. Western Europe Chocolate Market by Pricing
12.3.6. Western Europe Chocolate Market by Sales Channel
12.3.7. Western Europe Chocolate Market by Country
12.3.7.1. Germany
12.3.7.2. UK
12.3.7.3. France
12.3.7.4. Spain
12.3.7.5. Italy
12.3.7.6. Benelux
12.3.7.7. Nordic
12.3.7.8. Rest of Western Europe
12.4. Eastern Europe Chocolate Market Analysis and Forecast 2019-2028
12.4.1. Regional Market Overview and Key Takeaways
12.4.2. Eastern Europe Chocolate Market by Product Type
12.4.3. Eastern Europe Chocolate Market by Product Form
12.4.4. Eastern Europe Chocolate Market by Application
12.4.5. Eastern Europe Chocolate Market by Pricing
12.4.6. Eastern Europe Chocolate Market by Sales Channel
12.4.7. Eastern Europe Chocolate Market by Country
12.4.7.1. Russia
12.4.7.2. Poland
12.4.7.3. Rest of Eastern Europe
12.5. Asia Pacific Chocolate Market Analysis and Forecast 2019-2028
12.5.1. Regional Market Overview and Key Takeaways
12.5.2. Asia Pacific Chocolate Market by Product Type
12.5.3. Asia Pacific Chocolate Market by Product Form
12.5.4. Asia Pacific Chocolate Market by Application
12.5.5. Asia Pacific Chocolate Market by Pricing
12.5.6. Asia Pacific Chocolate Market by Sales Channel
12.5.7. Asia Pacific Chocolate Market by Country
12.5.7.1. China
12.5.7.2. Japan
12.5.7.3. India
12.5.7.4. South Korea
12.5.7.5. Australia
12.5.7.6. ASEAN
12.5.7.7. Rest of Asia-Pacific
12.6. Middle East & Africa Chocolate Market Analysis and Forecast 2019-2028
12.6.1. Regional Market Overview and Key Takeaways
12.6.2. Middle East & Africa Chocolate Market by Product Type
12.6.3. Middle East & Africa Chocolate Market by Product Form
12.6.4. Middle East & Africa Chocolate Market by Application
12.6.5. Middle East & Africa Chocolate Market by Pricing
12.6.6. Middle East & Africa Chocolate Market by Sales Channel
12.6.7. Middle East & Africa Chocolate Market by Country
12.6.7.1. GCC
12.6.7.2. South Africa
12.6.7.3. Turkey
12.6.7.4. Rest of the Middle East & Africa
13. Competitive Landscape
13.1. Competition Dashboard
13.1.1. Global and Regional Market Share Analysis
13.1.2. Market Structure
13.2. Competitive Benchmarking
13.3. Key Strategy Analysis
13.4. Company Profiles
13.4.1. Nestle SA
13.4.1.1. Company Overview
13.4.1.2. Product/Service Offerings
13.4.1.3. Key Financials
13.4.1.4. Recent Developments
13.4.2. Barry Callebaut
13.4.2.1. Company Overview
13.4.2.2. Product/Service Offerings
13.4.2.3. Key Financials
13.4.2.4. Recent Developments
13.4.3. The Hershey Company
13.4.3.1. Company Overview
13.4.3.2. Product/Service Offerings
13.4.3.3. Key Financials
13.4.3.4. Recent Developments
13.4.4. Lindt & Sprungli AG
13.4.4.1. Company Overview
13.4.4.2. Product/Service Offerings
13.4.4.3. Key Financials
13.4.4.4. Recent Developments
13.4.5. The Australian Carob Co.
13.4.5.1. Company Overview
13.4.5.2. Product/Service Offerings
13.4.5.3. Key Financials
13.4.5.4. Recent Developments
13.4.6. Ferrero Group
13.4.6.1. Company Overview
13.4.6.2. Product/Service Offerings
13.4.6.3. Key Financials
13.4.6.4. Recent Developments
13.4.7. Mars, Incorporated
13.4.7.1. Company Overview
13.4.7.2. Product/Service Offerings
13.4.7.3. Key Financials
13.4.7.4. Recent Developments
13.4.8. Meiji Holdings Co Ltd
13.4.8.1. Company Overview
13.4.8.2. Product/Service Offerings
13.4.8.3. Key Financials
13.4.8.4. Recent Developments
13.4.9. Arcor
13.4.9.1. Company Overview
13.4.9.2. Product/Service Offerings
13.4.9.3. Key Financials
13.4.9.4. Recent Developments
13.4.10. Cadbury (Mondelez International)
13.4.10.1. Company Overview
13.4.10.2. Product/Service Offerings
13.4.10.3. Key Financials
13.4.10.4. Recent Developments
13.4.11. August Storck KG
13.4.11.1. Company Overview
13.4.11.2. Product/Service Offerings
13.4.11.3. Key Financials
13.4.11.4. Recent Developments
13.4.12. Ezaki Glico Co Ltd
13.4.12.1. Company Overview
13.4.12.2. Product/Service Offerings
13.4.12.3. Key Financials
13.4.12.4. Recent Developments
13.4.13. Kraft Foods
13.4.13.1. Company Overview
13.4.13.2. Product/Service Offerings
13.4.13.3. Key Financials
13.4.13.4. Recent Developments
13.4.14. Moonstruck Chocolatier Co
13.4.14.1. Company Overview
13.4.14.2. Product/Service Offerings
13.4.14.3. Key Financials
13.4.14.4. Recent Developments
13.4.15. Ghirardelli Chocolate Co
13.4.15.1. Company Overview
13.4.15.2. Product/Service Offerings
13.4.15.3. Key Financials
13.4.15.4. Recent Developments
14. Disclaimer
List of Figures
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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