Press release
Chocolate Market Revenue to USD 172.89 Billion by 2030: Top Companies Include Ferrero, Mars, and Ghirardelli
Chocolate Market Forecast
• Growth Projections: The chocolate market is set to reach an anticipated worth of USD 172.89 billion by 2030.
• CAGR: Projected growth at a CAGR of around 4.17% from 2025 to 2030.
• Consumer Trends: Increasing consumer preference for organic, vegan, sugar-free, and gluten-free chocolates is reshaping market dynamics.
• Leading Segment [Based on Chocolate Type]: The Dark Chocolate category secured the leading market share in 2022 and is anticipated to maintain its dominance in the coming forecast years..
• Regional Insights: Europe continues to dominate, accounting for a significant share in the chocolate market.
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Chocolate Industry Competitive Landscape
The competitive landscape of the chocolate market showcases a diverse array of chocolate manufacturers, including:
• 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.)
As it stands, the largest chocolate manufacturer in the USA is Hershey Foods Corp, which continues to lead with innovative product launches and a strong focus on sustainable sourcing and ingredient transparency.
Key Takeaways from the Chocolate Market Report
The chocolate market analysis reveals significant trends affecting its trajectory. As consumers push towards healthier alternatives, the demand for high-quality chocolate manufacturing equipment and organic sourcing practices is on the rise. With the increasing focus on sustainability, companies are also responding to the chocolate market issues regarding environmental and health-related impacts of synthetic products. The shift towards premium products aligns closely with health trends, reinforcing the chocolate market size and growth potential in the coming years.
Chocolate Market Recent Development
• In January 2024, Ferrero Group launched a plant-based version of Nutella in Italy, tailored for lactose-intolerant consumers and flexitarians. This strategic move exemplifies the adaptability of chocolate manufacturers in responding to emerging chocolate market trends and consumer demands for sustainable and healthier options.
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Chocolate Market Segmentation
The global chocolate market can be segmented based on various factors:
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
Other Report:
• Global Vegan Chocolate Market size is estimated to grow at a CAGR of around 12.8% during the forecast period, i.e., 2024-30. [Browse Report Details, Here! https://www.marknteladvisors.com/research-library/vegan-chocolate-market.html ]
• Philippines Chocolate Market size was valued at around USD 419.11 million in 2024 and is projected to reach USD 707.52 million by 2030. [Browse Report Details, Here! https://www.marknteladvisors.com/research-library/philippines-chocolate-market.html ]
Frequently Asked Questions (FAQs)
• What are the latest trends in the chocolate market?
• How does the chocolate market price fluctuate throughout the seasons?
• What statistics are available regarding chocolate sales and consumption globally?
• Who comprises the target market for chocolate products?
• What challenges are currently facing chocolate manufacturers in the industry?
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• Tailored Insights: We offer customized research based on your specific industry, target audience, and business needs.
• Competitive Advantage: Identify your key competitors and benchmark your position to stay ahead in the market.
• Risk Mitigation: Anticipate potential risks and prepare mitigation strategies with accurate forecasting and market trend analysis.
• Strategic Decision Support: Drive investments, product launches, and market entry strategies with confidence using our actionable data.
• Access to Experts: Collaborate with industry specialists and analysts for detailed consultations and support throughout your journey.
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About US:
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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