The Chocolate market has been growing steadily over the years. It is expected to increase from $140.97 billion in 2024 to $147.09 billion in 2025, expanding at a compound annual growth rate (CAGR) of 4.3%. This growth can mainly be attributed to the cultural significance of chocolate, globalization and accessibility, rising disposable income, product innovation and variety, and the gift-giving tradition.
The market is predicted to continuously grow to $176.92 billion in 2029 with a CAGR of 4.7%. Factors contributing to this growth include premiumization and artisanal offerings, sustainable and ethical sourcing, innovations in chocolate formats, functional ingredients, and global economic trends. The major trends in the forecast period include the introduction of healthy ingredients, innovative flavor combinations, digitalization in marketing and sales, and the shift towards dark chocolate and healthier alternatives.
Get Your Free Sample of The Global Chocolate Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9340&type=smp
What Are The Main Growth Drivers For The Chocolate Market?
The growth of the chocolate confectionery market can mainly be attributed to the increasing chocolate consumption. The National Confectioners Association reported that the overall chocolate sales in 2022 were $18.2 billion, a 9.1% increase over the previous year. Furthermore, total chocolate sales in 2022 were $23.9 billion. This increased consumption allows chocolate confectioneries to produce more chocolate and related products.
What Are the Major Segments Within The Global Chocolate Market?
The Chocolate Market is segmented by:
1) Type: Milk Chocolate, Dark Chocolate, White chocolate
2) Category: Premium, Seasonal, Everyday
3) Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Pharmaceutical And Drug Stores, Specialty Stores, Duty-Free Stores, E-commerce, Other Distribution Channels
Place an Order for the Report:
https://www.thebusinessresearchcompany.com/report/chocolate-global-market-report
Who Are The Major Companies Operating In The Chocolate Market?
Major companies operating in the chocolate market include Barry Callebaut, The Hershey Company, Nestle SA, Mars Incorporated, Lotte Corporation, Mondelez International Inc., Chocoladefabriken Lindt & Sprüngli AG, Ferrero SpA, Lake Champlain Chocolates, Cémoi Group, Olam International Limited, Koninklijke DSM N.V., Kerry Group PLC, Delfi Limited, Tate & Lyle PLC, Meiji Holdings Co. Ltd., Ezaki Glico Co. Ltd., Crown Confectionery Co. Ltd., Haribo GmbH & Co. KG, Arcor Group, Moonstruck Chocolate Company, Blommer Chocolate Company, Patric Chocolate LLC, Perugina S.p.A., TCHO Ventures Inc., Theo Chocolate Inc., Thorntons Limited, Alter Eco Americas PBC, Endangered Species Chocolate LLC, Divine Chocolate Limited, Green & Black’s Limited, Guylian NV.
What Trends Are Emerging In The Chocolate Market?
Product innovations have emerged as a key trend in the chocolate confectionery market. Major companies are focused on launching new products to sustain their position in the market. For instance, Fabelle, a brand from ITC Limited, launched the world’s finest chocolate, Fabelle Finesse, which has a thickness of only seven microns, thanks to the company’s groundbreaking technological advancement, the Cocoa Finesser.
Which Region Held The Largest Share In The Chocolate Confectionery Market?
Europe was the largest region in the chocolate confectionery market in 2024. Other regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Chocolate Market Report 2025 Offer?
Chocolate confectionery includes sweet treats mainly made from cocoa such as chocolate bars, truffles, pralines, and other chocolate-based sweets, sometimes enhanced with different flavors, fillings, or additions such as nuts and caramel. These products are indulgent and have a rich flavor. The Chocolate Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9340
About The Business Research Company
Armed with over 1,500,000 datasets, The Business Research Company offers over 15000+ reports covering 27 industries across 60+ geographies. Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts.
Contact The Business Research Company:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model