Press release
Key Trends and Emerging Changes Shaping the Chocolate Market Landscape
Chocolate
Projected Expansion and Market Size of the Chocolate Industry
The chocolate market is expected to experience steady growth, reaching a value of $175.52 billion by 2029. This reflects a compound annual growth rate (CAGR) of 4.7% during the forecast period. Factors contributing to this expansion include increased premiumization and artisanal product offerings, a focus on sustainable and ethical sourcing, innovation in chocolate formats, and the inclusion of functional ingredients with health claims. Additionally, global economic conditions play a role in shaping market growth. Emerging trends expected to dominate the market include the introduction of health-focused ingredients, creative flavor blends and infusions, personalized and customizable products, the digitalization of marketing and sales efforts, and a consumer shift toward dark chocolate and healthier alternatives.
Download a free sample of the chocolate market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9340&type=smp
Leading Companies Making an Impact in the Chocolate Market
The chocolate industry features several prominent players who influence market direction and innovation. Key companies include Barry Callebaut, The Hershey Company, Nestle SA, Mars Incorporated, Lotte Corporation, Mondelez International Inc., Chocoladefabriken Lindt & Sprüngli AG, Ferrero SpA, Lake Champlain Chocolates, Cémoi Group, Olam International Limited, Koninklijke DSM N.V., Kerry Group PLC, Delfi Limited, Tate & Lyle PLC, Meiji Holdings Co. Ltd., Ezaki Glico Co. Ltd., Crown Confectionery Co. Ltd., Haribo GmbH & Co. KG, Arcor Group, Moonstruck Chocolate Company, Blommer Chocolate Company, Patric Chocolate LLC, Perugina S.p.A., TCHO Ventures Inc., Theo Chocolate Inc., Thorntons Limited, Alter Eco Americas PBC, Endangered Species Chocolate LLC, Divine Chocolate Limited, Green & Black's Limited, and Guylian NV.
A notable development occurred in November 2023, when Mars Inc., a US-based global confectionery and pet care company, acquired Hotel Chocolat Group plc for $651.48 million (£534 million). This strategic move is set to strengthen Mars Inc.'s portfolio with premium chocolate products and increase its footprint in the luxury chocolate segment. Hotel Chocolat Group plc, based in the UK, is known for its diverse range of chocolate-based products, enhancing Mars's reach in that market.
View the full chocolate market report:
https://www.thebusinessresearchcompany.com/report/chocolate-global-market-report
Innovative Trends Shaping the Chocolate Market
Product innovation continues to be a central focus within the chocolate confectionery sector. Leading companies are actively developing new offerings to maintain competitive advantage and meet evolving consumer tastes. For example, in November 2022, Fabelle, a luxury chocolate brand owned by India's ITC Limited, introduced Fabelle Finesse, touted as the world's finest chocolate. This breakthrough was made possible by ITC's innovative Cocoa Finesser technology, which allows for chocolate production as thin as seven microns. This refinement technique reduces chocolate particle size beyond what traditional processes can achieve, setting a new standard in chocolate texture and quality.
Distinct Segmentation of the Chocolate Market and Its Key Categories
This report segments the chocolate market into several categories for detailed analysis:
1) By Type: Milk Chocolate, Dark Chocolate, White Chocolate
2) By Category: Premium, Seasonal, Everyday
3) By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Pharmaceutical and Drug Stores, Specialty Stores, Duty-Free Stores, E-commerce, Other Channels.
Further subcategories include:
- Milk Chocolate: Standard Milk Chocolate, Milk Chocolate with Additives
- Dark Chocolate: Bittersweet Dark Chocolate, Semi-Sweet Dark Chocolate, Unsweetened Dark Chocolate
- White Chocolate: Standard White Chocolate, White Chocolate with Additives
This segmentation provides a comprehensive view of the market, highlighting the diversity of offerings and multiple paths through which consumers access chocolate products worldwide.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Key Trends and Emerging Changes Shaping the Chocolate Market Landscape here
News-ID: 4324442 • Views: …
More Releases from The Business Research Company
Emerging Growth Patterns Driving Expansion in the Frozen Seafood Market
The frozen seafood market is on track for significant expansion in the coming years, driven by evolving consumer preferences and industry innovations. As demand for convenient, nutritious, and sustainable seafood options rises, this sector is positioned to experience steady growth and exciting new developments. Let's explore the market's size, key players, trends, and segmentation to better understand its future outlook.
Projected Growth and Market Size of the Frozen Seafood Industry …
In-Flight Catering Services Market Overview, Key Trends, and Top Player Analysis
The in-flight catering services market is on track for impressive growth over the coming years as airlines and service providers adapt to evolving passenger preferences and industry standards. With a growing focus on health, customization, and sustainability, this sector is set to expand significantly, offering a variety of innovative dining experiences to travelers worldwide.
Projected Size and Growth Trajectory of the In-Flight Catering Services Market
The global in-flight catering services…
In-Depth Examination of Segments, Industry Developments, and Key Players in the …
The fried chicken market is on track for notable expansion in the coming years, driven by evolving consumer preferences and industry innovations. As the market adapts to new trends and growing demand, it presents exciting opportunities for businesses and investors alike. Here's a detailed overview of the market's size, key players, emerging trends, and segmentation.
Projected Growth Trajectory of the Fried Chicken Market
The fried chicken market is anticipated to…
Leading Companies Fueling Growth and Innovation in the Green Coffee Market
The green coffee market is gaining traction as consumer preferences evolve and sustainability becomes a priority. With innovations in farming and processing, along with shifting tastes toward high-quality and specialty coffees, this industry is set to experience steady expansion. Let's explore the market's size projections, key players, emerging trends, and segmentation details that define the current landscape.
Growth Expectations for the Green Coffee Market Through 2029
The green coffee market…
More Releases for Chocolat
Germany Chocolate Market to See Strong Growth Momentum| Stollwerck, Blanxart Cho …
A Latest intelligence report published by DiMarket with title "Germany Chocolate Market Outlook to 2032". A detailed study accumulated to offer Latest insights about acute features of the Germany Chocolate market. This report provides a detailed overview of key factors in the Germany Chocolate Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. Some of the Major Key Players Covered in this report…
Segmental Analysis: Saudi Arabia Chocolate Market | Aani & Dani, Artisan du Choc …
Astute Analytica, a leading provider of market research and analysis, released its highly anticipated Market Analysis Report on the Saudi Arabia Chocolate Market. This comprehensive report aims to equip businesses with invaluable insights and data, enabling them to make informed decisions and stay one step ahead of the competition.
Access the Comprehensive PDF Market Research Analysis Report Here: https://www.astuteanalytica.com/request-sample/saudi-arabia-chocolate-market
Saudi Arabia Chocolate Market was valued at US$ 990.31 million in 2022…
Luxury Boxed Chocolates Market: High-growth Segments and their Share Forecasts | …
Luxury Boxed Chocolates Market 2022 by Technology, Manufacturers, Regions, Type, and Application, Forecast guide to light the excellent analysis on the market synopsis. The report offers a primary focus on important factors in the global Luxury Boxed Chocolates industry. The report includes perceptive information about gross revenue, cost, value, capacity, pricing, and profit margins concerning historical analysis and forecast estimation for the 2022 to 2028 time period. It presents a…
Luxury Chocolate Market, Share, Competitive Analysis Report 2023-2032 | Guylian, …
Luxury Chocolate Market Overview:
The Luxury Chocolate market is projected to grow by USD by 2023 rapidly at a CAGR throughout the forecast period 2023-2032
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Factors like increase in funding for Luxury Chocolate research…
Chocolate Market to Eyewitness Massive Growth by 2026| Chocolat Frey, Chocolats …
Global Chocolate Market Report 2021 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The influencing Factors of growth and regulations with respect to the usage of the information, availability of highly reliable products in the market, and increase in operational efficiency of Chocolate Players.The study provides information on market trends and development, drivers, capacities,…
B2B Chocolate Market Study: An Emerging Hint of Opportunity | Favarger, Camilleb …
COVID-19 Outbreak-Global B2B Chocolate Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global B2B Chocolate Market. Some of the key players profiled…
