Chocolate Market Research Report —Forecast till 2028

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The worldwide Chocolate Market is projected to reach a CAGR of 4.79% by the end of 2028.

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Chocolate Market Research Report Forecast till 2028

Market Overview

The worldwide Chocolate Market is projected to reach a CAGR of 4.79% by the end of 2028. Chocolate is the most famous and generally consumed item across North America and has likewise gone through numerous changes to fulfill changing business sector needs. Premium natural products covered with chocolate are one of the greatest-selling items across North America and the European region. These organic products incorporate cranberry, blueberry, pomegranate, and numerous others. Premium chocolates are effectively available at a few general stores and in a few worldwide general stores. Without sugar chocolates and dim chocolates is one more classification that had colossal interest among shoppers that miss the mark on the sweet tooth. Pungent chocolate tidbits, for example, potato chips and popcorn, are likewise liked by buyers of arising economies. Such solid patterns and creative chocolate items are supposed to drive the worldwide chocolate market during the conjecture time frame.
The market development is basically determined by the prevalence of chocolate for the end goal of giving. Besides, the developing interest for an expense or solid fixings in chocolate items and imaginative bundling are likewise filling the market development. In any case, the rising occurrence of stoutness and other well-being concerns followed by fluctuating unrefined substance costs are dialling back the market development.

Market Segmentation
The various product categories that make up the global chocolate market include dark chocolate, milk chocolate, white chocolate, and cocoa powder. Shape-based categories, such as truffles, liquid chocolate, and chocolate bars, have been created for the worldwide chocolate market. Conventional, organic, lactose-free, gluten-free, reduced sugar, zero sugar, and multi-claim chocolate products each have their own segment of the market. Based on distribution methods, the world’s chocolate market has been classified into three groups: food production, food service, and food retail.

Regional Analysis
Europe represented the biggest share of 39.65% of the chocolate market in 2020. This region houses sweet shop creation plants of a few global organizations like Settle S.A., Mondelez Worldwide, Inc., Mars, Consolidated, Lindt and Sprüngli AG, and Ferrero SA. These huge dessert shop organizations significantly drive the utilization of chocolate in the Europe region. Additionally, rising customer interest for normal fixings in the food application for enhancing helps the deals of chocolate.
The rest of the World incorporates Asia-Pacific, South America, and the Center East and Africa. Asia-Pacific is the most appealing business sector for chocolate makers, with fast extensions and advancements replacing the application enterprises in the region’s arising economies. China is one of the main business sectors in the region, representing the biggest piece of the pie during the survey time frame.

Major Players
The key players in the global Chocolate Market are Mondelez International, Inc. (US), Nestlé S.A. (Switzerland), Blommer Chocolate Company (US), Barry Callebaut (Switzerland), Puratos Group (Belgium), Lindt & Sprüngli AG (Switzerland), Ferrero Group (Luxembourg), Mars Incorporated (US), Ezaki Glico Co., Ltd. (Japan), Pladis Global (London), Orion Corp. (South Korea), Meiji Holding Co. Ltd. (Japan), General Mills Inc. (US), Guittard Chocolate Company (US), and The Hershey Company (US).

 

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 16

1.1 MARKET ATTRACTIVENESS ANALYSIS 17

1.1.1 GLOBAL CHOCOLATE MARKET, BY PRODUCT TYPE 18

1.1.2 GLOBAL CHOCOLATE MARKET, BY FORM 19

1.1.3 GLOBAL CHOCOLATE MARKET, BY CATEGORY 20

1.1.4 GLOBAL CHOCOLATE MARKET, BY DISTRIBUTION CHANNEL 21

2 MARKET INTRODUCTION 22

2.1 SCOPE OF THE STUDY 22

2.2 RESEARCH OBJECTIVE 22

2.3 MARKET STRUCTURE 22

2.4 KEY BUYING CRITERIA 23

3 RESEARCH METHODOLOGY 24

3.1 RESEARCH PROCESS 24

3.2 PRIMARY RESEARCH 25

3.3 SECONDARY RESEARCH 26

3.4 MARKET SIZE ESTIMATION 27

3.5 FORECAST MODEL 28

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 29

4 MARKET DYNAMICS 30

4.1 INTRODUCTION 30

4.2 DRIVERS 31

4.2.1 USE OF PREMIUM OR HEALTHY INGREDIENTS IN CHOCOLATE PRODUCTS 31

4.2.2 CREATIVE PACKAGING 31

4.2.3 POPULARITY OF CHOCOLATE FOR GIFTING 31

4.2.4 POTENTIAL DEMAND OF CHOCOLATE FROM VARIOUS INDUSTRIES 32

4.2.5 DRIVERS IMPACT ANALYSIS 33

4.3 RESTRAINT 33

4.3.1 RISING INCIDENCE OF OBESITY AND OTHER HEALTH CONCERNS 33

4.3.2 FLUCTUATING RAW MATERIAL PRICES 34

4.3.3 RESTRAINT IMPACT ANALYSIS 35

4.4 OPPORTUNITIES 35

4.4.1 GROWING DEMAND FOR HEALTH & WELLNESS PRODUCTS 35

4.4.2 PROMOTIONAL ACTIVITIES 35

4.4.3 GROWING DEMAND FOR NATURAL FOOD INGREDIENTS 36

4.5 CHALLENGES 36

4.5.1 INCREASING HEALTH CONSCIOUSNESS AMONG CONSUMERS 36

5 MARKET FACTOR ANALYSIS 37

5.1 VALUE CHAIN ANALYSIS 37

5.1.1 RAW MATERIAL PROCUREMENT 38

5.1.2 PROCESSING 38

5.1.3 PACKAGING 38

5.2 SUPPLY CHAIN ANALYSIS 39

5.3 PORTER’S FIVE FORCES MODEL 40

5.3.1 THREAT OF NEW ENTRANTS 40

5.3.2 BARGAINING POWER OF SUPPLIERS 41

5.3.3 BARGAINING POWER OF BUYERS 41

5.3.4 THREAT OF SUBSTITUTES 41

5.3.5 INTENSITY OF RIVALRY 41

5.4 IMPACT OF THE COVID-19 OUTBREAK ON GLOBAL CHOCOLATE MARKET 42

5.4.1 OVERVIEW 42

5.5 PRICING ANALYSIS 43

6 GLOBAL CHOCOLATE MARKET, BY PRODUCT TYPE 44

6.1 OVERVIEW 44

6.1.1 GLOBAL CHOCOLATE MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2020–2028 45

6.2 DARK CHOCOLATE 45

6.2.1 DARK CHOCOLATE: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 45

6.3 MILK CHOCOLATE 46

6.3.1 MILK CHOCOLATE: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 46

6.4 WHITE CHOCOLATE 46

6.4.1 WHITE CHOCOLATE: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 46

6.5 COCOA POWDER 47

6.5.1 COCOA POWDER: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 47

7 GLOBAL CHOCOLATE MARKET, BY FORM 48

7.1 OVERVIEW 48

7.1.1 GLOBAL CHOCOLATE MARKET ESTIMATES & FORECAST, BY FORM, 2020–2028 49

7.2 CHOCOLATE BARS 49

7.2.1 CHOCOLATE BARS: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 49

7.3 LIQUID CHOCOLATE 50

7.3.1 LIQUID CHOCOLATE: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 50

7.4 TRUFFLES CHOCOLATE 50

7.4.1 TRUFFLES CHOCOLATE: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 50

7.5 OTHERS 51

7.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 51

8 GLOBAL CHOCOLATE MARKET, BY CATEGORY 52

8.1 OVERVIEW 52

8.1.1 GLOBAL CHOCOLATE MARKET ESTIMATES & FORECAST, BY CATEGORY, 2020–2028 53

8.2 CONVENTIONAL 53

8.2.1 CONVENTIONAL: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 54

8.3 ORGANIC 54

8.3.1 ORGANIC: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 54

8.4 LACTOSE-FREE 55

8.4.1 LACTOSE-FREE: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 55

8.5 GLUTEN-FREE 55

8.5.1 GLUTEN-FREE: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 55

8.6 REDUCED SUGAR 56

8.6.1 REDUCED SUGAR: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 56

8.7 ZERO SUGAR 56

8.7.1 ZERO SUGAR: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 56

8.8 MULTI-CLAIM 57

8.8.1 MULTI-CLAIM: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 57

9 GLOBAL CHOCOLATE MARKET, BY DISTRIBUTION CHANNEL 58

9.1 OVERVIEW 58

9.1.1 GLOBAL CHOCOLATE MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020–2028 59

9.2 FOOD PRODUCTION 60

9.2.1 FOOD PRODUCTION: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 60

9.3 FOODSERVICE 60

9.3.1 FOODSERVICE: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 60

9.4 FOOD RETAIL 61

9.4.1 FOOD RETAIL: MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 61

10 GLOBAL CHOCOLATE MARKET, BY REGION 62

10.1 OVERVIEW 62

10.1.1 GLOBAL CHOCOLATE MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 63

10.2 NORTH AMERICA 64

10.2.1 NORTH AMERICA CHOCOLATE MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020–2028 64

10.2.2 NORTH AMERICA CHOCOLATE MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2020–2028 65

10.2.3 NORTH AMERICA CHOCOLATE MARKET ESTIMATES & FORECAST, BY FORM, 2020–2028 65

10.2.4 NORTH AMERICA CHOCOLATE MARKET ESTIMATES & FORECAST, BY CATEGORY, 2020–2028 66

10.2.5 NORTH AMERICA CHOCOLATE MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020–2028 67

10.2.6 US 68

10.2.7 CANADA 71

10.2.8 MEXICO 74

10.3 EUROPE 77

10.3.1 EUROPE CHOCOLATE MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020–2028 77

10.3.2 EUROPE CHOCOLATE MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2020–2028 78

10.3.3 EUROPE CHOCOLATE MARKET ESTIMATES & FORECAST, BY FORM, 2020–2028 78

10.3.4 EUROPE CHOCOLATE MARKET ESTIMATES & FORECAST, BY CATEGORY, 2020–2028 79

10.3.5 EUROPE CHOCOLATE MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020–2028 80

10.3.6 UK 81

10.3.7 GERMANY 84

10.3.8 FRANCE 87

10.3.9 ITALY 90

10.3.10 SPAIN 93

10.3.11 RUSSIA 96

10.3.12 REST OF EUROPE 99

10.4 REST OF THE WORLD 102

10.4.1 REST OF THE WORLD CHOCOLATE MARKET ESTIMATES & FORECAST, BY REGION, 2020–2028 103

10.4.2 REST OF THE WORLD CHOCOLATE MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2020–2028 103

10.4.3 REST OF THE WORLD CHOCOLATE MARKET ESTIMATES & FORECAST, BY FORM, 2020–2028 103

10.4.4 REST OF THE WORLD CHOCOLATE MARKET ESTIMATES & FORECAST, BY CATEGORY, 2020–2028 104

10.4.5 REST OF THE WORLD CHOCOLATE MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020–2028 105

10.4.6 ASIA-PACIFIC 106

10.4.7 SOUTH AMERICA 109

10.4.8 MIDDLE EAST 112

10.4.9 AFRICA 115

11 COMPETITIVE LANDSCAPE 118

11.1 INTRODUCTION 118

11.1.1 MARKET STRATEGY ANALYSIS 118

11.2 COMPETITIVE BENCHMARKING 119

11.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 120

11.3.1 PRODUCT DEVELOPMENTS 120

11.3.2 ACQUISITIONS 121

11.3.3 CONTRACT & AGREEMENT 121

11.3.4 EXPANSIONS 121

12 COMPANY PROFILES 122

12.1 MONDELEZ 122

12.1.1 COMPANY OVERVIEW 122

12.1.2 FINANCIAL OVERVIEW 123

12.1.3 PRODUCTS OFFERED 124

12.1.4 KEY DEVELOPMENTS 124

12.1.5 SWOT ANALYSIS 125

12.1.6 KEY STRATEGIES 125

12.2 NESTLÉ S.A. 126

12.2.1 COMPANY OVERVIEW 126

12.2.2 FINANCIAL OVERVIEW 127

12.2.3 PRODUCTS OFFERED 127

12.2.4 KEY DEVELOPMENTS 128

12.2.5 SWOT ANALYSIS 128

12.2.6 KEY STRATEGIES 128

12.3 BLOMMER CHOCOLATE COMPANY 129

12.3.1 COMPANY OVERVIEW 129

12.3.2 FINANCIAL OVERVIEW 129

12.3.3 PRODUCTS OFFERED 129

12.3.4 KEY DEVELOPMENTS 129

12.3.5 SWOT ANALYSIS 130

12.3.6 KEY STRATEGIES 130

12.4 BARRY CALLEBAUT 131

12.4.1 COMPANY OVERVIEW 131

12.4.2 FINANCIAL OVERVIEW 131

12.4.3 PRODUCTS OFFERED 132

12.4.4 KEY DEVELOPMENTS 132

12.4.5 SWOT ANALYSIS 133

12.4.6 KEY STRATEGIES 133

12.5 PURATOS GROUP 134

12.5.1 COMPANY OVERVIEW 134

12.5.2 FINANCIAL OVERVIEW 134

12.5.3 PRODUCTS OFFERED 134

12.5.4 KEY DEVELOPMENTS 135

12.5.5 SWOT ANALYSIS 135

12.5.6 KEY STRATEGIES 136

12.6 LINDT & SPRÜNGLI AG 137

12.6.1 COMPANY OVERVIEW 137

12.6.2 FINANCIAL OVERVIEW 137

12.6.3 PRODUCTS OFFERED 138

12.6.4 KEY DEVELOPMENTS 138

12.6.5 KEY STRATEGIES 138

12.7 FERRERO GROUP 139

12.7.1 COMPANY OVERVIEW 139

12.7.2 FINANCIAL OVERVIEW 139

12.7.3 PRODUCTS OFFERED 139

12.7.4 KEY DEVELOPMENTS 139

12.7.5 KEY STRATEGIES 139

12.8 MARS INCORPORATED 140

12.8.1 COMPANY OVERVIEW 140

12.8.2 FINANCIAL OVERVIEW 140

12.8.3 RODUCTS OFFERED 140

12.8.4 KEY DEVELOPMENTS 140

12.8.5 KEY STRATEGIES 140

12.9 EZAKI GLICO CO., LTD. 141

12.9.1 COMPANY OVERVIEW 141

12.9.2 FINANCIAL OVERVIEW 141

12.9.3 PRODUCTS/SERVICES OFFERED 142

12.9.4 KEY DEVELOPMENTS 142

12.9.5 KEY STRATEGIES 142

12.10 PLADIS GLOBAL 143

12.10.1 COMPANY OVERVIEW 143

12.10.2 FINANCIAL OVERVIEW 143

12.10.3 PRODUCTS/SERVICES OFFERED 143

12.10.4 KEY DEVELOPMENTS 144

12.10.5 KEY STRATEGIES 144

12.11 ORION CORP. 145

12.11.1 COMPANY OVERVIEW 145

12.11.2 FINANCIAL OVERVIEW 145

12.11.3 PRODUCTS/SERVICES OFFERED 145

12.11.4 KEY DEVELOPMENTS 145

12.11.5 KEY STRATEGIES 146

12.12 MEIJI HOLDINGS CO., LTD. 147

12.12.1 COMPANY OVERVIEW 147

12.12.2 FINANCIAL OVERVIEW 147

12.12.3 PRODUCTS/SERVICES OFFERED 148

12.12.4 KEY DEVELOPMENTS 148

12.12.5 KEY STRATEGIES 148

12.13 GENERAL MILLS, INC. 149

12.13.1 COMPANY OVERVIEW 149

12.13.2 FINANCIAL OVERVIEW 149

12.13.3 PRODUCTS/SERVICES OFFERED 150

12.13.4 KEY DEVELOPMENTS 152

12.13.5 KEY STRATEGIES 152

12.14 GUITTARD CHOCOLATE COMPANY 153

12.14.1 COMPANY OVERVIEW 153

12.14.2 FINANCIAL OVERVIEW 153

12.14.3 PRODUCTS/SERVICES OFFERED 153

12.14.4 KEY DEVELOPMENTS 154

12.14.5 KEY STRATEGIES 154

12.15 THE HERSHEY COMPANY 155

12.15.1 COMPANY OVERVIEW 155

12.15.2 FINANCIAL OVERVIEW 155

12.15.3 PRODUCTS/SERVICES OFFERED 156

12.15.4 KEY DEVELOPMENTS 157

12.15.5 KEY STRATEGIES 157

13 APPENDIX 158

13.1 REFERENCES 158

13.2 RELATED REPORTS 158

Additional information

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Companies Mentioned

Mondelez International, Inc. (US), Nestlé S.A. (Switzerland), Blommer Chocolate Company (US), Barry Callebaut (Switzerland), Puratos Group (Belgium), Lindt & Sprüngli AG (Switzerland), Ferrero Group (Luxembourg), Mars Incorporated (US), Ezaki Glico Co., Ltd. (Japan), Pladis Global (London), Orion Corp. (South Korea), Meiji Holding Co. Ltd. (Japan), General Mills Inc. (US), Guittard Chocolate Company (US), and The Hershey Company (US)

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