Chocolate Global Market Share, Trend Analysis & Forecast Report

Chocolate Market Report, By Type (Milk, Dark, White), Frequency of Sales (Daily, Premium, Seasonal) and Geography - Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : fb2046 | Publish Date : Upcoming | Industry : Food_Beverage | Geography : Global


Chocolate is a typically sweet, brown nutriment prepared of roasted and ground cacao seeds which is made in the form of a liquid, paste, or in a block, or used as a flavouring component in other foods. Chocolate is one of the most popular and demanded food types and flavours in the world, and many products involving chocolate exist, predominantly desserts, including cakes, pudding, mousse, chocolate brownies, and chocolate chip cookies. Numerous candies are filled with or covered with sweetened chocolate, and bars of solid chocolate and candy bars coated in chocolate are eaten as snacks. Chocolate is also utilized in cold and hot beverages like chocolate milk and hot chocolate, and in some alcoholic drinks, such as creme de cacao.

Chocolate Market Outlook

The request for cocoa in chocolate products has enlarged which has led producers to blend superior quality products to meet the growing trends of the consumers. Besides, chocolates have been obtained as one of the exceptional pressure suppressants and anti-aging confectionery items, which are probable to boost the demand for chocolate-based items. Additionally, rising acceptance of flavoured milk chocolate items and sweet products are likely to increase the consumers preference to such innovative products. In addition, mounting affordability of such confectionery products is driving the market, which is expected to create lucrative growth opportunities.

Chocolate Market Segmental Overview

The report analyses global chocolate market based on type, frequency of sales and geography. 

Chocolate Market by Type

The major chocolate types include Milk chocolate, Dark chocolate and White chocolate. Milk chocolate accounted for the largest market share in 2018 followed by dark chocolate. Dark chocolate contains of more than 60% cocoa content and is recognized to have health benefits like lessening danger of cardiovascular diseases and improving blood flow are likely to propel its demand over the next six years.  However, bitter taste of dark chocolate is likely to restrain its demand, particularly in countries such as India, Pakistan and Middle East nations. Americans consume 2.8 billion pounds of chocolate each year, or over 11 pounds per person.

The demand for chocolate is at its peak during seasonal and festive occasions. The expanding applications of chocolate is another factor that is likely to positively impact the growth of the global chocolate market. However, fluctuating prices of raw materials, especially cocoa, the instability of its supply, and the political instability in cocoa producing countries are likely to restrain the growth of the market over the next couple of years.

Chocolate Market by Sales Frequency

By sales frequency, the market is studied for Daily chocolates, Premium chocolates and Seasonal chocolates. Seasonal and festive sales of chocolate are likely to rush in the upcoming years. Gifting chocolate hampers and bouquets are the attractive consumer trends in market, which is expected to strongly favour the market over the forecast period. In addition, profitable growth opportunities lie in handmade chocolates and signature chocolate-based products.

Chocolate Market by Geography

Geographically, this market is studied for major countries of North America, Europe, Asia-Pacific and Rest of the World. Existence of a large number of foremost international chocolate brands and advanced chocolate consumption is anticipated to continue to record for the top market position of North America, especially the United States. Followed by it is expected to be Europe led by the U.K. and Germany.

APAC, largely China and India, is yet likely to arise as the fastest growing region. This growth is accredited to soaring impact of the Western lifestyle and alertness about health benefits of chocolate. Seasonal and festive sales are likely to hold a strong foothold in developing Asian economies, such as India.

Chocolate Market Key Players

The major players involved in this market are Nestle SA, Mondelez International, Mars, Barry Callebaut, Hershey Food Corp, Ferrero Group, Cargill, Lotte, Lindt & Sprungli, Yildiz Holdings, Moonstruck Chocolatier Co. and Meiji Sekia Kaisha Ltd. among others.



The report analyses global chocolate market based on type, frequency of sales and geography. The major chocolate types include Milk chocolate, Dark chocolate and White chocolate. By sales frequency, the market is studied for Daily chocolates, Premium chocolates and Seasonal chocolates. Geographically, this market is studied for major countries of North America, Europe, Asia-Pacific and Rest of the World. The major players involved in this market are Nestle SA, Mondelez International, Mars, Barry Callebaut, Hershey Food Corp, Ferrero Group, Cargill, Lotte, Lindt & Sprungli, Yildiz Holdings, Moonstruck Chocolatier Co. and Meiji Sekia Kaisha Ltd. among others.

Why to buy this report:

  • The report offers changing market dynamics in the Chocolate industry, presenting historical, current and projected market size in terms of and value (USD Million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of Chocolate market
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the Chocolate market performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of Chocolate market