Latest News- Chocolate Market: Milk chocolate is expected to lead the Product segment during 2025-2029

The Chocolate Market is being driven by Increasing premiumization of chocolates

The Chocolate Market is expected to grow at a CAGR of 5.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 52.7 billion. In the dynamic chocolate market, product packaging plays a pivotal role in differentiating brands and capturing consumer attention. With an increasing focus on gifting, companies invest significantly in innovative and creative packaging to extend product shelf life and rejuvenate consumer interest. Effective packaging serves as an extension of the brand value, piquing curiosity and interest at the point of purchase. As such, it is essential for manufacturers and marketers to consistently innovate and improve their packaging to stay competitive in the market. Consequently, product packaging is a crucial component of a brand's portfolio and marketing strategy. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Milk chocolate
  • Dark chocolate
  • White chocolate
• Distribution Channel
  • Offline
  • Online
• Type
  • Traditional
  • Artificial
• Cocao Content
  • Low (<30%)
  • Medium (30-60%)
  • High (>60%)
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
    • Argentina
  • Middle East and Africa
    • Egypt

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing premiumization of chocolates
• Introduction of new chocolates
• Growing awareness of environmental sustainability and ethical sourcing

However, the market also witnesses some limitations, which are as follows:

• Unstable cocoa prices and declining per capita consumption
• Product recalls of contaminated chocolates
• Growing health concerns about diabetes and obesity

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Market Scope in Chocolate Market Research Report

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Research Analysis Overview

The chocolate market encompasses various aspects, including chocolate decorations and molds, chocolate fountains, and the production process from cocoa farming and bean processing to flavor enhancers and packaging materials. Storage conditions, sensory evaluation, cost analysis, and profit margins are crucial elements in chocolate manufacturing. Marketing campaigns, consumer behavior, brand positioning, and competitive advantage are key factors in sales forecasting. Industry regulations, food safety standards, sustainability initiatives, ethical sourcing, and supply chain transparency ensure quality assurance. Pricing models, distribution networks, retail channels, consumer demographics, and food safety standards also play significant roles in the chocolate industry.

Market Research Overview

The chocolate market, a segment of the global packaged foods and meats industry, encompasses manufacturers and food processing vendors specializing in the production of dark chocolate, milk chocolate, and white chocolate. The market's size is determined by the consolidated revenue generated by these entities, excluding those engaged in food processing equipment manufacturing. Notably, the market does not cover producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. The growth of the global chocolate market will be fueled by the increasing consumer preference for healthier food options, particularly those containing minimally processed ingredients, such as cocoa beans and cocoa butter, which provide essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/