Chocolate Market Outlook, Trends, Business Strategies and Opportunities 2022-2027

According to the latest report by IMARC Group, titled “Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on chocolate market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. 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.

Chocolate refers to a food product that is prepared from grounded and roasted cocoa seeds. It is available in various forms, including milk, dark, and white, with unique flavors, such as raspberry, mint, blueberry, espresso, pomegranate, honey, and peanut butter. Its consumption is beneficial for the skin since as it is a rich source of iron, calcium, and manganese. It also helps in relieving stress, and boosting blood circulation to the brain, thereby improving memory power. Additionally, it aids in maintaining cardiovascular health due to its anti-inflammation properties. The demand for chocolate is rising due to the growing product utilization in confectionery and baked goods and is extensively available in different shapes and sizes, such as bars, cubes, chips, and wafers.

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Market Trends:

The rising consumption of chocolates among the masses is driving the global market. Along with this, the changing dietary preferences of individuals on account of growing health consciousness is catalyzing the demand worldwide. Furthermore, the growing popularity of chocolates as an essential ingredient in baked goods and desserts is creating a positive market outlook. Besides, several leading players are introducing new product variants with high-quality grains, nuts, and cereals, which are gaining prominence among the masses. Moreover, continuous improvements in organized distribution channels, and the emerging e-commerce sectors, are impacting the market favorably. Other factors, such as inflating disposable income levels of the masses, and the growing popularity of organic and sugar-free chocolates, are also influencing the market.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• 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

Chocolate Market Segmentation:

Our report has categorized the market based on region, 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/Hypermarkets
• Convenience Stores
• Online Stores
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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