Thailand Chocolate Market to Hit USD 332 Million by 2030, Fueled by Premium Demand and Health-Conscious Trends

The Thailand chocolate market is gaining rapid momentum, projected to grow from USD 257 million in 2024 to USD 332 million by 2030, according to the latest research by MarkNtel Advisors. The report reveals a CAGR of 5.3% during the forecast period, highlighting a surge in consumer demand for premium, organic, and dark chocolate varieties.

Rising Trends & Market Dynamics

The market's expansion is primarily driven by changing consumer preferences and rising awareness about the health benefits of dark chocolate. The growing tourism industry and premium product consumption during local festivals are further accelerating market growth. Innovative flavors and sustainable packaging are shaping the competitive landscape as Thai consumers increasingly lean toward artisanal and gourmet chocolates.

Thailand Chocolate Market Statistics

• 2024 Market Value: USD 257 million

• 2030 Projected Value: USD 332 million

• Per Capita Consumption: ~128.6 grams

• Retail Segment Share: >50% of total market

Just Fill Out the Form for Get Free Sample of the Report! https://www.marknteladvisors.com/query/request-sample/thailand-chocolate-market.html

("Engage with our team using your official business email to unlock full access and priority support.")

Competitive Landscape of Thailand Chocolate Market [List of Leading Market Players]

As the Thailand chocolate market expands, several key players are at the forefront of driving innovation and growth in the sector. The competitive landscape includes globally recognized brands and local artisans who are redefining chocolate production. Some of the prominent companies in the Thailand chocolate market are:

• Nestlé

• Ferrero SpA

• Mars Thailand Inc.

• Hershey

• Glico

• Grupo Arcor

• Mayora

• Lindt & Sprüngli

• Alfred Ritter

• Mondelez

• Kad Kokoa

• Others

These companies are focusing on strategic partnerships, product diversification, and enhanced distribution strategies to meet consumer demands effectively.

Thailand Chocolate Market Driver:

Rising Awareness of Health Benefits of Chocolate Fueling Market Growth - The Thai population is moving towards veganism and flexitarian diets, and demand for sugar-free, vegan, organic, and gluten-free products is on the rise in the country. Chocolate intake is advantageous in stress reduction as it reduces stress hormones (cortisol), relaxes the mind, and facilitates happiness, which creates a hike in the market. The total chocolate confectionery consumption in this country is around 10,000 tons, which determines per capita annual consumption to be 128.6 gms.

There has been a rise in the lactose-intolerant population in Thailand, with an increase in gluten sensitivity quotient among the population. Moreover, increasing awareness of dark chocolates' benefits like the presence of polyphenols, which fight inflammation and reduce skin cell damage, epicatechin that helps to combat oxidative stress, and flavonoids that reduce the risk of neurogenerative disorders and protect cholesterol levels. These associated health benefits further fuel demand for chocolate in the country.

View the Full Market Insight & Statistics! https://www.marknteladvisors.com/research-library/thailand-chocolate-market.html

Thailand Chocolate Market Industry Segmentation

The Thailand chocolate market is segmented based on various criteria to provide a comprehensive analysis, including:

• By Chocolate Type: White, Dark

• By Application: F&B, Bakery, HoReCa, Retail

• By Origin: Synthetic, Organic

• By Category: Boxed, Pouches, Countlines, Seasonal

• By Packaging: Flexible, Rigid

• By Sales Channel: Supermarkets, Convenience Stores, Brand Outlets, Online

- Based on Application: Retail Consumption holds more than 50% of the market share and is expected to grow at a significant rate during the forecast period.

- Based on Sales Channel: Supermarkets & Hypermarkets segment holds a share of around 60% of the market and is expected to hold its position during the forecast period as well.

Premium Chocolate Innovations & Key Developments

In a significant industry development, Kad Kokoa, a leading Thai chocolate maker, launched an artisanal range in July 2024 featuring unique local flavors such as Thai Milk, Coconut Rice Pandan, and Lychee Basil. This move underscores the market's shift toward high-quality, locally sourced chocolate experiences.

Frequently Asked Questions (FAQs)

• What is the expected growth rate of the Thailand chocolate market from 2025 to 2030?

• Which key factors are driving the demand for chocolates in Thailand?

• What are the major challenges facing the Thailand chocolate market?

• How does the retail consumption segment compare to other applications in the Thailand chocolate market?

• Which companies are leading the Thailand chocolate market today?

Here are the additional reports related to the Chocolate Market:

• Philippines Chocolate Market Research - Market Value: USD 419.11 million in 2024; projected to reach USD 707.52 million by 2030.

[https://www.marknteladvisors.com/research-library/philippines-chocolate-market.html]

• Global Vegan Chocolate Market Research - By 2030, Expected to grow at a CAGR of around 12.8%.

[https://www.marknteladvisors.com/research-library/vegan-chocolate-market.html]

For more detailed insights and analyses, you can click on any of the available market reports below. If you're looking for information tailored to your specific needs, we also offer customized reports designed to meet your requirements.

Click Link Customize this Insights! Need specific data? https://www.marknteladvisors.com/query/request-customization/thailand-chocolate-market.html

"Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours"

Key Benefits for Clients

• 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.

Contact Us:

MarkNtel Advisors LLP

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India

For Sales Enquiries: sales@marknteladvisors.com

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.

This release was published on openPR.