The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Global Chocolate Market (2025-2030):

According to the latest report, the Chocolate Market  size was valued at USD 130.72 Billion in 2024 and is projected to reach USD 172.89 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.17% during the forecast period, i.e., 2025-30. The report demonstrates the prominent factors propelling the exponential growth of the Chocolate Market.

Key Takeaways: Beneficial for Stakeholders and Clients

• Historic Period: 2020-2023
• Base year: 2024
• Forecast Years: 2025-2030
• CAGR (2025-30): 4.17%
• Market Value in 2024: USD 130.72 Billion
• Market Value by 2030: USD 172.89 Billion

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What are the major Driver the Global Chocolate Market?

High Inclination Towards Specialty Chocolates to Thrive the Market Growth – In recent years, a notable surge in demand for premium and specialty chocolates, particularly in well-developed markets like the US, France, Belgium, and Germany, has been observed, significantly contributing to the Chocolate Market's growth. One primary driver behind this surge is the increasing consumer preference for transparency in ingredient sourcing for chocolates. This preference stems from various factors, including allergies to specific components like lactose and a rising interest in vegan-friendly options. Additionally, there's a rising demand for chocolates made from specialty cocoa beans, fostering the growth of specialty chocolates.

Another emerging trend boosting demand is the preference for clean-label and organic products, driven by a growing emphasis on overall health and wellness. This trend has notably increased the demand for dark and sugar-free chocolates.

Global Chocolate Market Segmentation

The Chocolate Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

• By Chocolate Type
• Milk Chocolate- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
• White Chocolate- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
• Dark Chocolate- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
• By Packaging Type
• Flexible Packaging- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
• Rigid Packaging- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
• By Application
• Food & Beverages Industries- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
• Bakery- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
• HoReCa- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
• Retail Consumption
• By Category
• Synthetic Chocolates- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
• Organic Chocolates- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
• By Sales Channel
• Offline- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
• Supermarkets & Hypermarkets- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
• Convenience Stores- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
• Brand Owned Outlets- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
• Online - Market Size & Forecast 2019-2030, USD Million & Kilo Tons
• By Region
• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

As per the regional aspect, the Chocolate Market is expected to be dominated by the North America by capturing the potential market share. 

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Top Companies in the Global Chocolate Market

Ghirardelli Chocolate Co, Ferrero Group, Mars Inc, Hershey Foods Corp, Moonstruck Chocolatier Co, Barry Callebaut, Nestle SA, Amul, Cadbury, and others

Global Chocolate Industry Recent Development:

• In January 2024, Ferrero Group, declared the launch of plant-based Nutella in Italy. The new vegan-certified chocolate spread aimed at lactose-intolerant consumers and flexitarians replaces milk powder with a plant-based ingredient while retaining palm oil in the recipe.

• 2022: Hershey's introduced a special chocolate bar honoring women and girls, named "Celebrate SHE." The bar's design featured the word 'SHE' at the heart of its milk chocolate composition.

• 2021: In collaboration with Lagardère, Ferrero introduced 'Ferrero Rocher Tablets' to the travel-retail channel.

Other reports:

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