Chocolate Market by 2027: Global Analysis with Offerings, Analytics Type, Deployment Mode, Applications

Continued inclusion in a wide range of recipes is expected to remain the key factor driving chocolate sales in global market. Fairfield Market Research in its latest upcoming study focuses on how the growth of global chocolate market will unfold through 2027, and where will be the sales thrive maximum during the period of forecast.

The perceived health benefits of dark chocolate continue to push sales, which is further complemented by growing preference for plant-derived ingredients over their animal-based counterparts. There has been increasing use of indigenous ingredients to craft flavoured chocolate varieties, especially across the developing Asian countries like India, which is likely to create niche markets for brands. This and more such innovative approaches by brands worldwide will hold a promising impact on the overall progress of chocolate market.

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Milk Chocolate to Hold a Wider Appeal

Milk chocolate remains the most favoured category for its most desirable texture, and taste. It has also become a preferred ingredient for a broad range of popular products like chips, cookies, wafers, bars, cubes, multiple confectionery products, and flavoured beverages. Despite the esteemed popularity of dark chocolate as a luxury among the adult demographics, white chocolate continues to maintain its wider appeal across all demographics.

Global Chocolate Market is Segmented as Below:

By Type
• Dark Chocolate
• Milk Chocolate
• White Chocolate

By Application
• Bakery
• Dairy
• Confectionery
• Others

By Region
• North America
• Europe
• Asia Pacific
• Rest of the World

Expanse of Bakery, and Confectionary to Boost Chocolate Sales

Chocolate market remains highly influenced by the explosive growth of confectionary industry, and the mushrooming number of home bakers as both continue to generate sizeable demand for a wide range of product categories like bread, cakes, cookies, other baked goods, candies, bars, and toffees. Mounting sales of cocoa powder, chocolate bars, hot chocolate, and drinking chocolate further spur the growth of market to a significant extent. Chocolate sales are also likely to soar substantially with the expanding café culture that thrives on coffees to croissants.

Europe Maintains an Edge with the World's Top-sought Belgian and Swiss Chocolates

The developed western world has been the traditional consumers, and connoisseurs of chocolate. Most of the European, and North American markets continue to uphold sales of everything from mass produce to gourmet chocolates, and Europe especially retains a lucrative spot on the back of its smoother, richer, and accentuating tastes. The world's most popular Belgian and Swiss chocolates continue to enable Europe to draw the maximum attention as these categories remain the bestsellers on account of their capability to create an exotic, silky, and rich mouthfeel. Research reaffirms the European chocolate's position as the gold standard for chocolate lovers from across the globe.

On the other hand, mass produce has been the traditional playing ground for North America. Top American brands are more likely to focus on proliferating markets for speciality chocolate types such as dairy-free, gluten-free, soy-free, vegan, non-GMO, and clean labelled in the near future. Primary research findings further highlight Asia Pacific as a highly lucrative yet relatively untapped market. As a growing number of local, as well as international brands eye retail, and e-tail market spaces across the region, chocolate market is likely to see notable growth here.

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Global Chocolate Market Competition

The report would shed light on the competition landscape of global chocolate market landscape. Some of the key players that would be subject to detailed strategic profiling and analysis, include Lindt & Sprüngli AG, Ferrero Group, The Hershey Company, Mondelez International, Cargill, Incorporated, Nestle, The Australian Carob Co., Barry Callebaut, Mars, Incorporated, Meiji Holdings Co., Ltd., Arcor, and Moonstruck Chocolate.

Luxury brands like Godiva, Hotel Chocolat, Prestat, Lindt & Sprugli, Guylian, Artisan du Chocolat, Montezuma, Bettys, and Maison Pierre Marcolini continue to flourish on the back of their massive investments in chocolate packaging that has been recently witnessing a transformation from the classic extravagant packaging to minimalistic designs. Gifting protocols have imparted this a new dimension, thereby influencing the market dynamics.

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