Dark Chocolate Market Size Worth US$ 76.0 Billion By 2028 | Industry CAGR of 4.1%

According to the latest report by IMARC Group, titled "Dark Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on dark chocolate market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global dark chocolate market size reached US$ 58.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 76.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.

What are dark chocolate?

Dark chocolate, which is also referred to as bittersweet or semisweet chocolate, is derived from the seeds of the cocoa tree. It contains ingredients such as sugar, emulsifier, soy lecithin, vanilla, and cocoa butter and is made without the addition of milk. Dark chocolate is known for its high content of fiber, iron, zinc, magnesium, copper, phosphorus, selenium, manganese, flavonoids, and antioxidants. It has a beneficial effect on blood flow in arteries and helps to significantly reduce blood pressure. Consequently, dark chocolate finds widespread applications across multiple industries, including personal care, food, and beverage (F&B), cosmetics, pharmaceuticals, etc.

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What are the growth prospects and trends in the dark chocolate industry?

The dark chocolate market is primarily driven by the emerging trend of gifting them on various occasions, such as birthdays, anniversaries, and festivals, on account of the elevating recognition of the medical benefits offered by dark chocolates, including improved memory, focus, and anxiety control. The market is further propelled by the expanding availability of dark chocolates through both online and offline stores across countries. Moreover, the escalating focus of market players on promotional campaigns on social media platforms and the rising investments in R&D activities to introduce limited edition seasonal chocolates are also positively influencing the global market. Besides this, the increasing incorporation of natural sugars in these chocolates, which include stevia and coconut sugars, to cater to health-conscious consumers is acting as another significant growth-inducing factor. Additionally, the growing utilization of dark chocolates in personal care products for their ability to reduce dark spots, pigmentation, and hair damage caused by exposure to the sun and in medicinal products for their potential to lower cholesterol levels and improve sugar metabolism is expected to catalyze the market in the coming years.

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Dark Chocolate Market Segmentation:
Our report has categorized the market based on region and distribution Channel.

Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Convenience Stores
• Non-Grocery Retailers
• 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 (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.