Press release
Global Chocolate Market Growth Driven by Rising Demand for Premium Products and Innovations in Healthy Dark Chocolate
Chocolate Market
Dark Chocolate's Health Benefits Drive Consumer Interest
Growing awareness of the health benefits of dark chocolate is a key factor in expanding the chocolate market. High in nutrients like zinc, selenium, and potassium, dark chocolate has been shown to offer health benefits when consumed in moderation. The cocoa content in dark chocolate supplies essential antioxidants and minerals that support cardiovascular health. Cocoa's unique fatty acid profile, including stearic, palmitic, and oleic acids, contributes to a balanced fat intake, while the low caffeine content of dark chocolate minimizes the risk of sleep disruption. Moreover, dark chocolate's flavonoids stimulate nitric oxide production, which relaxes arteries and can contribute to lower blood pressure levels.
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New Product Innovations Drive Market Growth
The global chocolate market is seeing significant product innovation, particularly with the introduction of vegan and plant-based options, creative textures, and flavors that emphasize healthy indulgence. Increasingly, consumers seek chocolates enhanced with ingredients like nuts, citrus, and other natural flavors to boost nutritional value and cater to environmentally conscious preferences. The trend of combining chocolate with nuts-such as walnuts or almonds-adds both nutritional value and diverse flavors, enhancing the sensory experience for consumers and benefiting the confectionery and baked goods sectors.
Popular Chocolate Trends: Premium Gifting and Cocoa Content Choices
The trend of gifting premium chocolates is on the rise, with chocolate hampers and bouquets gaining popularity as thoughtful, customizable gifts for special occasions. Premium chocolates, known for their high-quality cocoa beans and diverse flavors, dominate the market, as consumers seek chocolates with unique attributes and luxurious quality. Additionally, the chocolate market is segmented by cocoa content, with consumers favoring medium cocoa content (35% to 70%) as a balanced option for health and taste, while low cocoa content remains popular for sweeter chocolates.
Market Restraints: Health Risks and Gastric Concerns
Despite its popularity, chocolate consumption poses health concerns that can limit market growth. Overindulgence in chocolate can cause side effects like upset stomach, sleeplessness, and heart palpitations in some individuals. Dark chocolate, especially when high in cocoa content, may aggravate symptoms for those with acid reflux or gastritis, potentially leading to heartburn and discomfort. Ingredients like caffeine and theophylline found in chocolate can impact the cardiovascular system, sometimes causing temporary irregular heartbeats.
Market Insights by Type, Frequency of Sale, and Cocoa Content
Within the chocolate market, traditional chocolates-such as milk, dark, and white varieties-hold the largest market share, driven by their broad consumer appeal and usage in culinary applications. Among frequency-of-sale categories, premium chocolates continue to dominate, characterized by the careful selection of high-quality cocoa beans and unique flavors like espresso, blueberry, and honey. Daily chocolates are expected to grow significantly, fueled by the high demand for affordable, consistently flavored products, with emphasis on mass production and accessible prices.
Cocoa content also plays a pivotal role in consumer choice. Medium cocoa content chocolates are projected to grow quickly due to their balanced cocoa concentration, appealing to those seeking a healthier option without excessive bitterness. Low cocoa content chocolates remain popular for their sweetness and mild flavor, even though they contain fewer antioxidants and minerals than higher-cocoa varieties.
Chocolate Top Companies and Competitive Landscape
The global chocolate market is moderately fragmented, with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective chocolate solutions.
Some major players included in the global chocolate market report are:
The Kraft Heinz Company
Nestle
Moonstruck Chocolate
Mars, Incorporated
Ghirardelli Chocolate Company
Ferrero
THE HERSHEY COMPANY
Mondelez United Kingdom
Meiji Holdings Co., Ltd.
Arcor
Ezaki Glico Co., Ltd
August Storck KG
Barry Callebaut
Lindt & Sprüngli AG
Cargill, Incorporated
Olam International Limited
FUJI OIL CO., LTD
ECOM Agroindustrial Corp. Limited.
Cocoa Processing Company Limited (CPC)
Touton S.A.
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Chocolate Latest Industry Updates
On 29 July 2022, Betterland Foods announced Creamy Nougat as the newest WOO flavor, the second SKU to be introduced under the layered chocolate bar line. Creamy Nougat is a blend of rich Fairtrade chocolate, creamy, cow-free nougat, and silky, smooth caramel. Perfect Day's animal-free whey protein is used to make WOO's fluffy nougat. The precision fermentation process used to make Perfect Day's proteins uses up to 99% less water and generates up to 97% fewer greenhouse gas emissions than regular dairy.
On 10 January 2022, the German company Ritter Sport introduced a new vegan milk chocolate bar in its native country. With just a few basic ingredients, the new Vegan Pur Ohne Muh (which translates to "Vegan Pure Without Moo") chocolate bar replicates the flavor of milk chocolate without the use of any dairy products. The Cacao-Nica program, with which Ritter Sport has been collaborating for thirty years to support sustainable cocoa practices in Nicaragua, is the source of the cocoa used in the bar.
Chocolate Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented global chocolate market on the basis of type, frequency of sale, cocoa content, distribution channels, product form, packaging type, and region:
Type Outlook (Revenue, USD Billion; 2019-2032)
Traditional
Milk Chocolates
Dark Chocolates
White Chocolates
Artificial
Others
Frequency of Sale Outlook (Revenue, USD Billion; 2019-2032)
Daily Chocolates
Premium Chocolates
Seasonal Chocolates
Cocoa Content Outlook (Revenue, USD Billion; 2019-2032)
Low Cocoa Content
Medium Cocoa Content
High Cocoa Content
Distribution Channels Outlook (Revenue, USD Billion; 2019-2032)
Supermarkets
Hypermarkets
Convenience Stores
Specialty Chocolate Stores
Online Retail (e-commerce)
Others
Product Form Outlook (Revenue, USD Billion; 2019-2032)
Moulded
Softlines/Selflines
Countlines
Others
Packaging Type Outlook (Revenue, USD Billion; 2019-2032)
Pouches and Bags
Boxed Chocolate
Others
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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Navigating Industry Insights: A Comprehensive Look at Related Reports
Chocolate Market Size @ https://www.emergenresearch.com/industry-report/chocolate-market/market-size
Chocolate Market Share @ https://www.emergenresearch.com/industry-report/chocolate-market/market-share
Chocolate Market Trends @ https://www.emergenresearch.com/industry-report/chocolate-market/market-trends
Chocolate Regional Market Demand @ https://www.emergenresearch.com/industry-report/chocolate-market/regional-market-demand
Chocolate Market Analysis @ https://www.emergenresearch.com/industry-report/chocolate-market/market-analysis
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Emergen Research | Web: www.emergenresearch.com
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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