Chocolate Market Value Expected to Surge to USD 172.89 Billion by 2030, Driven by Rising Preferences for Healthier Options

The Global Chocolate Market is a substantial and dynamic sector, valued at approximately USD 130.72 billion in 2024 and projected to reach USD 172.89 billion by 2030, growing at a compound annual growth rate (CAGR) of around 4.17% during the forecast period of 2025-2030. This growth is driven by increasing consumer demand for premium and specialty chocolates, particularly in well-developed markets such as the United States, France, and Germany. A significant shift towards organic, vegan, gluten-free, and sugar-free options is evident as consumers become increasingly health-conscious, leading to a surge in the popularity of dark chocolates known for their health benefits.

Concurrently, seasonal fluctuations continue to influence sales, creating opportunities for companies to introduce innovative chocolate assortments during festive occasions like Easter and Christmas. Furthermore, factors such as the rising inclination towards clean-label products and a growing interest in specialty cocoa beans are reshaping chocolate market dynamics.

"Chocolate Market Forecast"

• Size Projections: Expected to grow from USD 130.72 billion in 2024 to USD 172.89 billion by 2030.

• CAGR: The chocolate market anticipates a growth rate of approximately 4.17% from 2025-2030.

• Consumer Trends: Increasing demand for organic and specialty chocolates is expected to fuel chocolate market growth.

• Regional Growth: Europe is projected to remain a dominant player, contributing significantly to global chocolate consumption.

• Health Conscious Products: Functional chocolates tailored for health-focused consumers continue to gain traction in the chocolate market.

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"Chocolate Market Trend: Growing Trend for Single-origin & Certified Chocolates"

The market for fine-flavored cocoa is witnessing significant growth in regions such as Europe and North America. Gourmet chocolates rely on ultra and high-end beans, while regular and lower-grade fine beans cater to premium chocolates in countries like the UK, Brazil, the US, China, India, the Netherlands, Germany, and Switzerland. This surge is fueled by health consciousness and the pursuit of more exclusive products. The trending premium cocoa market, characterized by sustainability certifications and single-origin offerings, is driving the overall growth of the Chocolate Market.

Further, to meet the rising demand, manufacturers are rolling out their ranges of single-origin & premium chocolates. These strategic moves are enabling brands to supplement profit margins and expand their industry presence with a more favorable brand image, consequently fostering market growth.

"Chocolate Industry Competitive Landscape"

The competitive landscape of the global chocolate market features several prominent players committed to capturing market share through innovation and product diversification. Leading companies include:

• The Hershey Company

• Ferrero Group

• Mondelez International

• Barry Callebaut

• Cargill, Incorporated.

• Nestle

• Mars, Incorporated & its Affiliates

• Gujarat Coorperative Milk Marketing Federation (GCMMF)

• Cocoa Processing Company Limited

• Ghirardelli Chocolate Company

• Puratos

• Guittard Chocolate Company

• Valrhona

• Arcor Group

• Others (Orion, Moonstruck Chocolate Co., etc.)

These companies focus on developing premium chocolate lines and enhancing sourcing transparency to meet evolving consumer preferences, creating a robust competitive environment within the chocolate market.

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"Key Takeaways from the Chocolate Market Report"

• The global chocolate market is set to experience significant growth, driven predominantly by consumer demand for premium and organic chocolates.

• Health-focused products and specialty cocoa beans are emerging trends enhancing chocolate market dynamics.

• Europe is expected to dominate the chocolate market, driven by high consumption rates and major production capabilities.

• Seasonal offerings and innovative assortments are strategic approaches being adopted by companies to attract consumers in the chocolate market.

• The shift towards clean-label products correlates strongly with current consumer preferences, suggesting ongoing chocolate market adaptability.

"Chocolate Market Recent Development"

• In January 2024, Ferrero Group announced the launch of a plant-based Nutella in Italy designed to cater to lactose-intolerant consumers and flexitarians. The new vegan-certified chocolate spread substitutes milk powder with a plant-based ingredient while maintaining palm oil in its formulation. This strategic move highlights Ferrero's commitment to expanding its product range to accommodate changing consumer preferences within the chocolate market.

"Chocolate Market Segmentation"

The global chocolate market can be segmented based on the following criteria:

By Chocolate Type

> Milk Chocolate

> White Chocolate

> Dark Chocolate

By Packaging Type

> Flexible Packaging

> Rigid Packaging

By Application

> Food & Beverages Industries

>> Bakery

>> HoReCa

> Retail Consumption

By Category

> Synthetic Chocolates

> Organic Chocolates

By Sales Channel

> Offline

>> Supermarkets & Hypermarkets

>> Convenience Stores

>> Brand Owned Outlets

> Online

By Region

> North America

> South America

> Europe

> The Middle East & Africa

> Asia-Pacific

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"Questions From Chocolate Market Insight"

• What specific factors are driving the increasing demand for dark chocolate among health-conscious consumers?

• How are seasonal trends influencing the product offerings of major chocolate manufacturers?

• What role does sustainability play in the chocolate purchasing decisions of consumers in Europe?

• How is the rise of vegan and plant-based offerings impacting the traditional chocolate market?

• What strategies are companies employing to differentiate their products in a crowded chocolate market?

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• Philippines Tea Shop Market size was valued at around USD 333 million in 2024 and is projected to reach USD 540 million by 2030. [View Full Report - https://www.marknteladvisors.com/research-library/philippines-tea-shop-market.html ]

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This release was published on openPR.