Chocolate Market Revenue, Demand, Share Analysis, Company Profiles, and Forecast

The global chocolate market size was USD 115.80 billion in 2022 and is expected to register a revenue CAGR of 3.4% during the forecast period. Increasing demand for premium chocolates, growing awareness of the advantages of dark chocolate, and rising innovations in new chocolate products are some of the key factors driving market revenue growth.

The report is updated with the impact of the COVID-19 pandemic on the Chocolate market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Chocolate market has been positive or negative. It also sheds light on the effect of the financial difficulties and supply disruption caused by the pandemic in the overall growth of the market. Furthermore, the report covers a current and future impact assessment of the pandemic on the overall growth of the Chocolate market.

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Competitive Outlook: The leading companies operating in the Chocolate market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Chocolate Market and Profiled in the Report are:

The Kraft Heinz Company, Nestle, Moonstruck Chocolate, Mars, Incorporated, Ghirardelli Chocolate Company, Ferrero, THE HERSHEY COMPANY, Mondelez United Kingdom, Meiji Holdings Co., Ltd., Arcor, Ezaki Glico Co., Ltd, August Storck KG, Barry Callebaut, Lindt & Sprüngli AG, Cargill, Incorporated, Olam International Limited, FUJI OIL CO., LTD, ECOM Agroindustrial Corp. Limited., Cocoa Processing Company Limited (CPC), Touton S.A.

Objectives of the Report:

Study of the global Chocolate market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Chocolate market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of Chocolate market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Chocolate market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

• Type Outlook (Revenue, USD Billion; 2019-2032)
  • Traditional
    1. Milk Chocolates
    2. Dark Chocolates
    3. White Chocolates
  • Artificial
  • Others

• Frequency of Sale Outlook (Revenue, USD Billion; 2019-2032)
  • Daily Chocolates
  • Premium Chocolates
  • Seasonal Chocolates

• Cocoa Content Outlook (Revenue, USD Billion; 2019-2032)
  • Low Cocoa Content
  • Medium Cocoa Content
  • High Cocoa Content

Regional Segmentation:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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