How big is the Chocolate market?

The chocolate market size is estimated to grow at $$ 52.7 bn in 2025-2029. <a href='https://www.technavio.com/report/chocolate-market-industry-analysis'>Read More</a>

Which segment accounted for the largest Chocolate market share?

Market segmentation by product (Milk chocolate, Dark chocolate, and White chocolate), distribution channel (Offline, Online, APAC, and South America), and type (Traditional, Artificial, APAC, South .... <a href='https://www.technavio.com/report/chocolate-market-industry-analysis'>Read More</a>

Who are the key players in the Chocolate market?

Arcor Group, AUGUST STORCK KG, Barry Callebaut AG, Chocoladefabriken Lindt and Sprungli AG, Crown Confectionery Co. Ltd, Delfi Ltd., Ezaki Glico Co. Ltd., Ferrero International .... <a href='https://www.technavio.com/report/chocolate-market-industry-analysis'>Read More</a>

What are the factors driving the Chocolate market?

The key factors driving the chocolate market growth are: Increasing premiumization of chocolates Rising innovation in chocolate packaging . <a href='https://www.technavio.com/report/chocolate-market-industry-analysis'>Read More</a>

Chocolate Market Analysis Europe, North America, APAC, South America, Middle East and Africa - US, Germany, China, UK, Canada, France, Italy, Brazil, India, Belgium - Size and Forecast 2025-2029

Published: Feb 2025
Pages: 220
SKU: IRTNTR41047

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Chocolate Market Size 2025-2029

The chocolate market size is forecast to increase by USD 52.7 billion at a CAGR of 5.1% between 2024 and 2029.

The market is witnessing significant growth due to the increasing trend of premiumization in chocolates, with consumers seeking high-quality, gourmet chocolates. Innovations in chocolate packaging are also driving market growth, as manufacturers explore new ways to attract consumers with visually appealing and sustainable packaging. However, the market faces challenges such as unstable cocoa prices and declining per capita consumption. Cocoa prices have been volatile due to weather conditions and supply chain disruptions, leading to increased production costs for chocolate manufacturers. Additionally, consumers are increasingly opting for healthier snack options, such as baked goods, potato chips, popcorn, seeds, and fruits, which may impact chocolate sales.
In the confectionery segment, there is a growing demand for chocolate truffles, blueberry chocolate, and other unique flavors. Chocolate is also finding applications in various industries, including food service, ice cream, and even in unexpected pairings with wasabi, rice, and blood orange. The digital camera market, though unrelated, may also impact the market, as consumers increasingly share images of their chocolate experiences on social media. Other trends include the use of macadamia nuts, butter, and other premium ingredients in chocolate products. The market is expected to continue its growth trajectory, with manufacturers focusing on innovation, sustainability, and catering to evolving consumer preferences.

What will be the Size of the Chocolate Market During the Forecast Period?

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1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation

2.3 Factors of disruption
- Overview on factors of disruption

2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market

3.2 Market characteristics
- Market characteristics analysis

3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition

4.2 Market segment analysis
- Market segments

4.3 Market size 2024

4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Chocolate Market 2019 - 2023
- Historic Market Size - Data Table on Global Chocolate Market 2019 - 2023 ($ billion)

5.2 Product segment analysis 2019 - 2023
- Historic Market Size - Product Segment 2019 - 2023 ($ billion)

5.3 Distribution Channel segment analysis 2019 - 2023
- Historic Market Size - Distribution Channel Segment 2019 - 2023 ($ billion)

5.4 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)

5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)

5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)

6 Qualitative Analysis

6.1 Impact of AI on Global Chocolate Market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029

7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029

7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029

7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029

7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029

7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029

7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Product

8.1 Market segments
- Chart on Product - Market share 2024-2029 (%)
- Data Table on Product - Market share 2024-2029 (%)

8.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product

8.3 Milk chocolate - Market size and forecast 2024-2029
- Chart on Milk chocolate - Market size and forecast 2024-2029 ($ billion)
- Data Table on Milk chocolate - Market size and forecast 2024-2029 ($ billion)
- Chart on Milk chocolate - Year-over-year growth 2024-2029 (%)
- Data Table on Milk chocolate - Year-over-year growth 2024-2029 (%)

8.4 Dark chocolate - Market size and forecast 2024-2029
- Chart on Dark chocolate - Market size and forecast 2024-2029 ($ billion)
- Data Table on Dark chocolate - Market size and forecast 2024-2029 ($ billion)
- Chart on Dark chocolate - Year-over-year growth 2024-2029 (%)
- Data Table on Dark chocolate - Year-over-year growth 2024-2029 (%)

8.5 White chocolate - Market size and forecast 2024-2029
- Chart on White chocolate - Market size and forecast 2024-2029 ($ billion)
- Data Table on White chocolate - Market size and forecast 2024-2029 ($ billion)
- Chart on White chocolate - Year-over-year growth 2024-2029 (%)
- Data Table on White chocolate - Year-over-year growth 2024-2029 (%)

8.6 Market opportunity by Product
- Market opportunity by Product ($ billion)
- Data Table on Market opportunity by Product ($ billion)

9 Market Segmentation by Distribution Channel

9.1 Market segments
- Chart on Distribution Channel - Market share 2024-2029 (%)
- Data Table on Distribution Channel - Market share 2024-2029 (%)

9.2 Comparison by Distribution Channel
- Chart on Comparison by Distribution Channel
- Data Table on Comparison by Distribution Channel

9.3 Offline - Market size and forecast 2024-2029
- Chart on Offline - Market size and forecast 2024-2029 ($ billion)
- Data Table on Offline - Market size and forecast 2024-2029 ($ billion)
- Chart on Offline - Year-over-year growth 2024-2029 (%)
- Data Table on Offline - Year-over-year growth 2024-2029 (%)

9.4 Online - Market size and forecast 2024-2029
- Chart on Online - Market size and forecast 2024-2029 ($ billion)
- Data Table on Online - Market size and forecast 2024-2029 ($ billion)
- Chart on Online - Year-over-year growth 2024-2029 (%)
- Data Table on Online - Year-over-year growth 2024-2029 (%)

9.5 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ billion)
- Data Table on Market opportunity by Distribution Channel ($ billion)

10 Market Segmentation by Type

10.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)

10.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type

10.3 Traditional - Market size and forecast 2024-2029
- Chart on Traditional - Market size and forecast 2024-2029 ($ billion)
- Data Table on Traditional - Market size and forecast 2024-2029 ($ billion)
- Chart on Traditional - Year-over-year growth 2024-2029 (%)
- Data Table on Traditional - Year-over-year growth 2024-2029 (%)

10.4 Artificial - Market size and forecast 2024-2029
- Chart on Artificial - Market size and forecast 2024-2029 ($ billion)
- Data Table on Artificial - Market size and forecast 2024-2029 ($ billion)
- Chart on Artificial - Year-over-year growth 2024-2029 (%)
- Data Table on Artificial - Year-over-year growth 2024-2029 (%)

10.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)

11 Customer Landscape

11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

12 Geographic Landscape

12.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)

12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison

12.3 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)

12.4 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)

12.5 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)

12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)

12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)

12.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)

12.9 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)

12.10 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)

12.11 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)

12.12 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)

12.13 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)

12.14 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)

12.15 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)

12.16 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)

12.17 Belgium - Market size and forecast 2024-2029
- Chart on Belgium - Market size and forecast 2024-2029 ($ billion)
- Data Table on Belgium - Market size and forecast 2024-2029 ($ billion)
- Chart on Belgium - Year-over-year growth 2024-2029 (%)
- Data Table on Belgium - Year-over-year growth 2024-2029 (%)

12.18 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)

13 Drivers, Challenges, and Opportunity/Restraints

13.1 Market drivers

13.2 Market challenges

13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

13.4 Market opportunities/restraints

14 Competitive Landscape

14.1 Overview

14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation

14.3 Landscape disruption
- Overview on factors of disruption

14.4 Industry risks
- Impact of key risks on business

15 Competitive Analysis

15.1 Companies profiled
- Companies covered

15.2 Company ranking index
- Company ranking index

15.3 Market positioning of companies
- Matrix on companies position and classification

15.4 Arcor Group
- Arcor Group - Overview
- Arcor Group - Product / Service
- Arcor Group - Key offerings
- SWOT

15.5 AUGUST STORCK KG
- AUGUST STORCK KG - Overview
- AUGUST STORCK KG - Product / Service
- AUGUST STORCK KG - Key offerings
- SWOT

15.6 Barry Callebaut AG
- Barry Callebaut AG - Overview
- Barry Callebaut AG - Business segments
- Barry Callebaut AG - Key news
- Barry Callebaut AG - Key offerings
- Barry Callebaut AG - Segment focus
- SWOT

15.7 Chocoladefabriken Lindt and Sprungli AG
- Chocoladefabriken Lindt and Sprungli AG - Overview
- Chocoladefabriken Lindt and Sprungli AG - Business segments
- Chocoladefabriken Lindt and Sprungli AG - Key news
- Chocoladefabriken Lindt and Sprungli AG - Key offerings
- Chocoladefabriken Lindt and Sprungli AG - Segment focus
- SWOT

15.8 Delfi Ltd.
- Delfi Ltd. - Overview
- Delfi Ltd. - Business segments
- Delfi Ltd. - Key offerings
- Delfi Ltd. - Segment focus
- SWOT

15.9 Ezaki Glico Co. Ltd.
- Ezaki Glico Co. Ltd. - Overview
- Ezaki Glico Co. Ltd. - Business segments
- Ezaki Glico Co. Ltd. - Key offerings
- Ezaki Glico Co. Ltd. - Segment focus
- SWOT

15.10 Ferrero International S.A.
- Ferrero International S.A. - Overview
- Ferrero International S.A. - Product / Service
- Ferrero International S.A. - Key news
- Ferrero International S.A. - Key offerings
- SWOT

15.11 Ghirardelli Chocolate Co.
- Ghirardelli Chocolate Co. - Overview
- Ghirardelli Chocolate Co. - Product / Service
- Ghirardelli Chocolate Co. - Key offerings
- SWOT

15.12 Mars Inc.
- Mars Inc. - Overview
- Mars Inc. - Product / Service
- Mars Inc. - Key news
- Mars Inc. - Key offerings
- SWOT

15.13 Meiji Holdings Co. Ltd.
- Meiji Holdings Co. Ltd. - Overview
- Meiji Holdings Co. Ltd. - Business segments
- Meiji Holdings Co. Ltd. - Key offerings
- Meiji Holdings Co. Ltd. - Segment focus
- SWOT

15.14 Mondelez International Inc.
- Mondelez International Inc. - Overview
- Mondelez International Inc. - Business segments
- Mondelez International Inc. - Key news
- Mondelez International Inc. - Key offerings
- Mondelez International Inc. - Segment focus
- SWOT

15.15 Nestle SA
- Nestle SA - Overview
- Nestle SA - Business segments
- Nestle SA - Key news
- Nestle SA - Key offerings
- Nestle SA - Segment focus
- SWOT

15.16 The Australian Carob Co.
- The Australian Carob Co. - Overview
- The Australian Carob Co. - Product / Service
- The Australian Carob Co. - Key offerings
- SWOT

15.17 The Hershey Co.
- The Hershey Co. - Overview
- The Hershey Co. - Business segments
- The Hershey Co. - Key news
- The Hershey Co. - Key offerings
- The Hershey Co. - Segment focus
- SWOT

15.18 Yildiz Holding AS
- Yildiz Holding AS - Overview
- Yildiz Holding AS - Product / Service
- Yildiz Holding AS - Key offerings
- SWOT

16 Appendix

16.1 Scope of the report

16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist

16.3 Currency conversion rates for US$
- Currency conversion rates for US$

16.4 Research methodology
- Research methodology

16.5 Data procurement
- Information sources

16.6 Data validation
- Data validation

16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing

16.8 Data synthesis
- Data synthesis

16.9 360 degree market analysis
- 360 degree market analysis

16.10 List of abbreviations
- List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES