Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • July 2020 •
  • 134 pages •
  • Report ID: 5949540 •
  • Format: PDF
The global chocolate market grew at a CAGR of around 5% during 2014-2019.

Chocolate is an edible product that is prepared by roasting cacao seeds obtained from the pods of the Theobroma cacao trees. The cacao beans are harvested, fermented, dried and ground to form a paste. The paste is then put under high pressure for separating the chocolate liquor and cocoa butter. These two ingredients are further mixed in varying proportions to manufacture couverture, dark, milk, white and baking chocolate and cocoa powder. Chocolates are a rich source of various alkaloids, such as phenethylamine, caffeine, theobromine and flavonoids and are majorly used in the production of bakery goods and confectionery products, such as cakes, cookies, puddings and brownies.

Significant growth in the food and beverage industry is one of the key factors driving the growth of the market. Furthermore, increasing consumer preference for molded chocolates, which typically include the solid shaped or segmented bar/block variants infused with various additional flavors or stuffed with nuts, raisins and other fillings, is also providing a boost to the market growth. Additionally, rising awareness regarding the health benefits of consuming dark chocolate is acting as another growth-inducing factor. Regular consumption of dark chocolate in moderate quantities is known to improve blood circulation in the body, enhance brain function, lower blood pressure and minimize the risks of heart diseases. Other factors, such as the premiumization of chocolate-based products, utilization of aesthetically appealing packaging to attract consumers’ attention, along with the production of organic, vegan and sugar- and gluten-free chocolates, are projected to drive the market further. Looking forward, the analyst expects the market to continue its moderate growth during the next five years.

Breakup by Product Type:
White Chocolate
Milk Chocolate
Dark Chocolate
Others

Breakup by Product Form:
Molded
Countlines
Others

Breakup by Application:
Food Applications
Bakery Products
Sugar Confectionery
Desserts
Others
Beverage Applications
Other Industrial Applications

Breakup by Pricing:
Everyday Chocolate
Premium Chocolate
Seasonal Chocolate

Breakup by Distribution:
Direct Sales (B2B)
Supermarkets/Hypermarkets
Convenience Stores
Online Stores
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Arcor, Barry Callebaut, Chocoladefabriken Lindt & Sprüngli AG, Chocolaterie Guylian, Ferrero International, Mars Incorporated, Meiji Co. Ltd., Mondelez International Inc. (Kraft Foods), Moonstruck Chocolate Company, Nestlé S.A., The Hershey Company, etc.

Key Questions Answered in This Report:
How has the global chocolate market performed so far and how will it perform in the coming years?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the product form?
What is the breakup of the market based on the application?
What is the breakup of the market based on the pricing?
What is the breakup of the market based on the distribution?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global chocolate market and who are the key players?
What is the degree of competition in the industry?