The global chocolate market reached a value of US$ 151.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 177.8 Billion by 2027, exhibiting a CAGR of 2.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global chocolate market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, product form, application, pricing and distribution.

Breakup by Product Type:

White Chocolate
Milk Chocolate
Dark Chocolate
Others

Breakup by Product Form:

Molded
Countlines
Others

Breakup by Application:

Food Products
Bakery Products
Sugar Confectionery
Desserts
Others
Beverages
Others


Breakup by Pricing:

Everyday Chocolate
Premium Chocolate
Seasonal Chocolate

Breakup by Distribution:

Direct Sales (B2B)
Supermarkets and 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 & Spr?ngli AG, Chocolaterie Guylian, Ferrero International, Mars Incorporated, Meiji Co. Ltd., Mondelez International Inc. (Kraft Foods), Moonstruck Chocolate Company, Nestl? S.A., The Hershey Company, etc.

Key Questions Answered in This Report
1. What was the size of the global chocolate market in 2021?
2. What is the expected growth rate of the global chocolate market during 2022-2027?
3. What are the key factors driving the global chocolate market?
4. What has been the impact of COVID-19 on the global chocolate market?
5. What is the breakup of the global chocolate market based on the product type?
6. What is the breakup of the global chocolate market based on the product form?
7. What is the breakup of the global chocolate market based on the application?
8. What is the breakup of the global chocolate market based on the pricing?
9. What is the breakup of the global chocolate market based on the distribution?
10. What are the key regions in the global chocolate market?
11. Who are the key players/companies in the global chocolate market?