According to the latest report by IMARC Group, titled “Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” offers a comprehensive analysis of the industry, which comprises insights on Chocolate market overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global chocolate market reached a value of US$ 125 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.
Chocolate refers to a food product made from roasted cocoa beans, consumed as candy. It is utilized to make beverages and flavor or coat various confections and bakery products, such as cakes, muffins, biscuits, brownies, shakes, etc. Chocolate comprises of small amounts of the stimulating alkaloids, theobromine and caffeine that are rich in carbohydrates and an excellent source of quick energy. Apart from this, regular consumption of premium chocolate in moderate quantities assist in improving blood circulation in the body, improving brain function, minimizing blood pressure, reducing the risks of heart diseases, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Global Chocolate Market Trends:
The expanding food and beverage industry across the globe is one of the primary factors augmenting the chocolate market growth. In addition to this, the wide availability of chocolates in various forms, such as dark chocolate, sprinkles, chocolate syrup, white chocolate, etc., is also catalyzing the product demand. Furthermore, the growing popularity of moulded chocolates in innovative solid shapes and sizes is acting as another significant growth-inducing factor. Besides this, the changing consumer preferences towards newer chocolate variants infused with additional flavours is propelling the market growth. Additionally, the increasing awareness towards several health benefits associated with dark chocolate is further bolstering the global market. Apart from this, the premiumization of chocolate-based products, along with the expanding penetration of innovative packaging, is anticipated to bolster the chocolate market over the forecasted period.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Arcor
- Barry Callebaut
- Chocoladefabriken Lindt & Sprüngli AG
- Chocolaterie Guylian
- Ferrero International
- Mars Incorporated
- Meiji Co. Ltd.
- Mondelez International Inc. (Kraft Foods)
- Moonstruck Chocolate Company
- Nestlé S.A.
- The Hershey Company
Chocolate Market Segmentation:
Our report has categorized the market based on region, product type, product form, application, pricing and distribution.
Breakup by Product Type:
- White Chocolate
- Milk Chocolate
- Dark Chocolate
- Others
Breakup by Product Form:
- Molded
- Countlines
- Others
Breakup by Application:
- Food Products
- Bakery Products
- Sugar Confectionery
- Desserts
- Others
- Beverages
- Others
Breakup by Pricing:
- Everyday Chocolate
- Premium Chocolate
- Seasonal Chocolate
Breakup by Distribution:
- Direct Sales (B2B)
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Table of Contents:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Chocolate Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 White Chocolate
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Milk Chocolate
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Dark Chocolate
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Product Form
7.1 Molded
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Countlines
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Food Products
8.1.1 Market Trends
8.1.2 Major Types
8.1.2.1 Bakery Products
8.1.2.2 Sugar Confectionery
8.1.2.3 Desserts
8.1.2.4 Others
8.1.3 Market Forecast
8.2 Beverages
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Pricing
9.1 Everyday Chocolate
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Premium Chocolate
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Seasonal Chocolate
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Distribution
10.1 Direct Sales (B2B)
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Supermarkets/Hypermarkets
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Convenience Stores
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Online Stores
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Others
10.5.1 Market Trends
10.5.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Indicators
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Arcor
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Barry Callebaut
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Chocoladefabriken Lindt & Sprüngli AG
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.4 Chocolaterie Guylian
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.5 Ferrero International
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.6 Mars Incorporated
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 SWOT Analysis
16.3.7 Meiji Co. Ltd.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Mondelez International Inc. (Kraft Foods)
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Moonstruck Chocolate Company
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Nestlé S.A.
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 The Hershey Company
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
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