The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Chocolate Market Size, share, analysis future and forecast 2030 comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Detail Overview of Chocolate Industry Size (2025-2030):
According to the latest report, the Global Chocolate Market size was valued at USD 130.72 Billion in 2024 and is projected to reach USD 172.89 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.17% from 2025 to 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data.
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Chocolate Market Coverage:
- Historic Period: 2020-23
- Base year: 2024
- Forecast Years: 2025-2030
- Risk & Swot Analysis
- Growth parameters influence Chocolate market dynamics
Market Dynamics:
Trend-
Growing Trend for Single-origin & Certified Chocolates – The market for fine-flavored cocoa is witnessing significant growth in regions such as Europe and North America. Gourmet chocolates rely on ultra and high-end beans, while regular and lower-grade fine beans cater to premium chocolates in countries like the UK, Brazil, the US, China, India, the Netherlands, Germany, and Switzerland. This surge is fueled by health consciousness and the pursuit of more exclusive products. The trending premium cocoa market, characterized by sustainability certifications and single-origin offerings, is driving the overall growth of the Chocolate Market.
Further, to meet the rising demand, manufacturers are rolling out their ranges of single-origin & premium chocolates. These strategic moves are enabling brands to supplement profit margins and expand their industry presence with a more favorable brand image, consequently fostering market growth.
Recent Advancement:
- In January 2024, Ferrero Group, declared the launch of plant-based Nutella in Italy. The new vegan-certified chocolate spread aimed at lactose-intolerant consumers and flexitarians replaces milk powder with a plant-based ingredient while retaining palm oil in the recipe..
Notable Chocolate Market Players – Business Description, Product Portfolio, Strategic Alliances or Partnerships, Developments and Financial Details
- The Hershey Company
- Ferrero Group
- Mondelez International
- Barry Callebaut
- Cargill, Incorporated.
- Nestle
- Mars, Incorporated & its Affiliates
- Gujarat Coorperative Milk Marketing Federation (GCMMF)
- Cocoa Processing Company Limited
- Ghirardelli Chocolate Company
- Puratos
- Guittard Chocolate Company
- Valrhona
- Arcor Group
- Others (Orion, Moonstruck Chocolate Co., etc.)
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Segmentation of Chocolate Market:
- By Chocolate Type (Milk Chocolate, White Chocolate, Dark Chocolate)
- By Packaging Type (Molded Bars, Chips & Bites, Box Assortments, Chocolate Truffles)
- By Application (Food & Beverages Industries, [Bakery, HoReCa], Retail Consumption)
- By Category, (Synthetic Chocolates, Organic Chocolates)
- By Sales Channel (Offline, [Supermarkets & Hypermarkets, Convenience Stores, Brand Owned Outlets], Online)
- By Region (North America, South America, Europe, Asia-Pacific, Middle East, and Africa)
Food & Beverage Sector to Lead the Chocolate Market
Based on application, the market is further segmented as Food & Beverage (Confectionery, Dairy, Bakery, and Others), Cosmetics, Pharmaceuticals, and Others. The Food & Beverage sector is anticipated to claim the biggest share of the Chocolate Market moving forward. Chocolate’s integral role in confectionery and beverage production amplifies its demand in this industry. This trend is foreseen to bolster the requirement for cocoa butter and cocoa powder in the coming years. Furthermore, the growth of gourmet and specialty cocoa-based products in the global food service sector also notably contributes to the market’s expansion.
Europe to Overpower Other Regions in the Global Market
In the near future, Europe is projected to maintain its dominance in the Global Chocolate Market. The cocoa market in this region thrives on diversity, sourcing an extensive range of cocoa beans to cater to industry demands. With a substantial 61% share in global cocoa bean imports, Europe tends to have a strong foothold across the global market. Dark chocolates are in high demand owing to their reduced sugar content and strong cocoa flavor.
The region serves as a central hub for industrial chocolate production, housing major global producers, primarily located in Belgium, the Netherlands, Germany, and Switzerland. Beyond its significant role as a producer, Europe stands at the forefront of chocolate consumption. Moreover, there’s a rising appetite for premium variations, especially dark chocolates, across the region, signifying evolving consumer preferences. This shifting trend greatly impacts the growth trajectory of the European Chocolate Market during 2025-30.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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