(EMAILWIRE.COM, July 02, 2024 ) Global Chocolate market to grow by 205.55 billion with 5.1% CAGR
Chocolate is made from cacao seeds found in pods of the Theobroma cacao tree. With steps including gathering, roasting, drying, and pulverizing the cacao beans chocolate is made. With different additions we have varieties such as dark chocolate, milk chocolate, white chocolate, and baked chocolate.
Dark chocolate market getting a boost driving the Global Chocolate market even further.
Dark chocolate is growing in popularity as health benefits like cardiovascular disease prevention. Along with it, the antioxidant content and anti-aging properties are factors for market growth.
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Europe dominates the Global chocolate market with 45% market share as of 2023
With premium chocolate and sugar-free options Europe sees market growth in Global Chocolate Market. North America holds significant market share, due to high demand of chocolate confectionary.
Asia-Pacific expected to grow at a higher CAGR (6.9%) during the forecast period for Global Chocolate Market, says Maximize Market Research.
The growing disposable household income and adoption of Western lifestyle has been a factor for expected growth of CAGR (6.9%) in Asia-Pacific.
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Chocolate Market Segmentation:
By Product
Milk Chocolate
Dark Chocolate
White Chocolate
By Sales Category
Everyday Chocolate
Premium Chocolate
Seasonal Chocolate
By Distributional Channel
Online Channel
Departmental Store
Supermarket
Hypermarket
Others
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Chocolate Market Key Players includes:
Kraft Foods
Nestle
Moonstruck Chocolatier Co.
Mars Inc.
Ghirardelli Chocolate Co.
Ferrero Group
Hershey Foods Corp.
Maximize Market Research is leading in Food & Beverages research firm, has also published the following reports:
Organic Chocolate Market Organic Chocolate Boom: A Shift Driven by Health-Conscious Consumers: Global Industry Analysis and Forecast (2023-2029) The Organic Chocolate Market size was valued at USD 730.11 Million in 2022
Premium Chocolate Market: Global Industry Analysis and Forecast (2024-2030) Premium Chocolate Market Size was valued at USD 33.26 Billion in 2023 and is expected to grow at a CAGR of 9.40 % from 2024 to 2030
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Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defence, and other manufacturing sectors.
