Authored By: Sarah
23 Feb 2022

Chocolate Market Size to Grow by $ 41.72 Billion through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the chocolate market and it is expected to grow by $ 41.72 billion, accelerating at a CAGR of almost 4.95% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Chocolate Market: Emerging Trends to Impact Market Growth

Growth by the milk chocolate segment will be a key trend in the chocolate market. Europe has been exhibiting a significant growth rate for chocolate market vendors. Factors such as the increasing number of product innovations and launches are accelerating the chocolate market growth in Europe. In addition the global demand for premium chocolates is growing, particularly in emerging economies such as China, India, and Brazil. Vendors such as Mars, Barry Callebaut, and Mondelez International Inc., are increasing efforts towards differentiation, premiumization, and personalization in their chocolate segments with new premium offerings. Premium chocolates offer vendors higher profit margins and have better taste and quality. Thus, currently, many players are launching premium chocolates to attract consumers who are influenced by price, packaging, ingredients, and exclusivity.

This report provides a detailed analysis of all the trends and drivers that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Chocolate Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Arcor Group, Delfi Ltd., Ferrero International SA, Lindt and Sprüngli Group, Mars Inc., Mondelez International Inc., Nestle SA, The Australian Carob Co., The Hershey Co., and Yildiz Holding A.S. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations. For more insights into this market: Download a Free Sample Report

Browse through some of other related market research reports for more insights:

  • Chocolate Market in MEA: The chocolate market in MEA is set to grow by $ 4.66 billion, accelerating at a CAGR of almost 8.41% during the forecast period.
  • Dark Chocolate Market: The dark chocolate market is expected to grow by $ 15.93 billion, accelerating at a CAGR of 5.29% during the forecast period.
  • White Chocolate Market: The white chocolate market is set to grow by $ 1.78 billion, accelerating at a CAGR of almost 1.82% during the forecast period.
  • Industrial Chocolate Market: The industrial chocolate market is expected to grow by 1802.13 th tons, accelerating at a CAGR of almost 4% during the forecast period.
  • Dark Chocolate Market in US: Technavio has been monitoring the dark chocolate market in US and it is expected to grow by $ 3.67 billion, accelerating at a CAGR of almost 7% during the forecast period.
  • Premium Chocolate Market: The premium chocolate market is set to grow by $ 16.48 billion, accelerating at a CAGR of almost 9.40% during the forecast period.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of over 4.95%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 41.72 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Increasing premiumization of chocolates will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    Europe, North America, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    35% growth will originate from Europe

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Arcor Group, Delfi Ltd., Ferrero International SA, Lindt and Sprüngli Group, Mars Inc., Mondelez International Inc., Nestle SA, The Australian Carob Co., The Hershey Co., and Yildiz Holding A.S.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Milk chocolate, Dark chocolate, and White chocolate) and Geography (Europe, North America, APAC, South America, and MEA)
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