Organic olive oil is becoming a preferred choice due to its perceived health benefits, eco-friendly production, and superior quality.
Food & Beverages
The increased chocolate market sales may be attributed to the rising population and corresponding demands in Asian countries as well as the increased number of emigrants in the Middle East region. Dark chocolate demand is expected to be the major driving force for generating revenues around the globe. Further, with the launch of vegan chocolates, dairy-free chocolates, and sugar-free versions, the sales of chocolates are expected to accelerate in the future years. The impulsive buying behaviours of the millennials are further expected to increase the sales of chocolates. Online sales of chocolates are increasing due to busy lifestyles and lucrative offers given by the retailers. Premium chocolates would be in high demand as consumers' rising disposable income levels. Additionally, the limited-edition premium chocolates launched by various players during Halloween, Christmas, and Easter are further expected to bolster sales of chocolates. Cargill opened House of Chocolate in Belgium, a place for inspiration, co-creation, and innovation with customers. It is a 6200 square metre complex where customers can explore the entire world of chocolate under one roof, enabling them to taste, feel, smell, and see chocolate in every form. At the House of Chocolate, customers can collaborate with their experts and leverage the resources to create products inspired by the latest trends.
According to the research report, "Global Chocolate Market Outlook, 2029," published by Bonafide Research, states that the Global Chocolate Market is projected to grow rapidly at a CAGR of 6.73% over the forecast period. There is a growing emphasis on sustainable and ethical practices in the chocolate industry. Consumers are increasingly willing to pay more for sustainably produced chocolates, leading manufacturers to adopt transparent sourcing practices and fair-trade initiatives. The chocolate market is being impacted by the rising prevalence of lifestyle-related health disorders such as obesity and diabetes. This is due to excessive sugar consumption, and consuming chocolate acts as an add-on. The world's population is increasingly being diagnosed with diabetes every year. Further, the increased number of obese people is also on the rise due to sedentary lifestyles. A modest treat can supply the body of a consumer with a lot of energy. As a result, eating sweets leads to the consumption of more calories per day, resulting in obesity. Hence, consumers are switching over to dark chocolate. The chocolate market is consolidated in nature with the presence of many international players and a few regional players. The Hershey Company, Ferrero, Chocoladefabriken Lindt & Spr?ngli AG, Mars, Incorporated, Mondelez International, Nestle, Meiji Holdings, Barry Callebaut, Ezaki Glico Co. Ltd, Godiva Chocolatier, and LOTTE are among the prominent players in the global market.
Europe is leading in the chocolate confectionery market due to its rich tradition of chocolate craftsmanship, high-quality standards, and strong consumer preference for premium and artisanal chocolate products. Europe is the leading region with a 40% market share, but the United States is the leading country because chocolate making has been deeply ingrained in their culture for centuries. Belgium is the chocolate capital of the world. There are many amazing places to buy chocolate in Brussels as the city is famous for its creative chocolates and is dotted with chocolate shops. There has been a long-standing debate over whether European or American chocolate tastes better. However, the differences are the cocoa content, which is low in American chocolates and higher in European chocolates. Sugar content is higher in American chocolates as compared to bitter-tasting European ones. European chocolates are high in fat content. The last is the difference between using cocoa beans from different locations. Europeans import cocoa beans from West Africa and Americans from South America. Each country has developed its own unique way of preparing and producing the sweet treat, from growing the cocoa beans to adding milk and butter to developing different processes to temper the chocolate.
The global chocolate market is segmented by type, application, and distribution channel, each playing a significant role in shaping consumer preferences and industry trends. By type, the market includes milk chocolate, dark chocolate, and white chocolate, each catering to different taste preferences and health considerations. Milk chocolate dominates due to its creamy texture and widespread appeal, while dark chocolate is witnessing rapid growth due to its perceived health benefits, including high antioxidant content and lower sugar levels. White chocolate, though a niche segment, is popular in premium and artisanal offerings, particularly in Europe and North America. The market is also witnessing innovation with ruby chocolate and vegan or plant-based chocolates, catering to changing dietary trends and sustainability-conscious consumers. By application, chocolates are used in a variety of sectors, including confectionery, bakery and pastries, beverages, cosmetics, and pharmaceuticals. The confectionery segment remains the dominant application, with chocolate bars, truffles, and pralines being highly popular worldwide. The bakery industry extensively incorporates chocolate in cakes, cookies, and pastries, while the beverage segment benefits from its use in hot cocoa, chocolate-based liqueurs, and energy drinks. The cosmetic industry is leveraging chocolate’s antioxidant and moisturizing properties in skincare products, and the pharmaceutical sector is incorporating cocoa flavonoids in functional foods and supplements due to their health benefits.
By distribution channel, the chocolate market is primarily divided into supermarkets and hypermarkets, convenience stores, specialty stores, online retailers, and others. Supermarkets and hypermarkets dominate sales, offering a wide variety of chocolates from mass-market brands to premium artisanal options. Convenience stores play a crucial role in impulse buying, especially for single-serving chocolate bars and snack-sized chocolates. Specialty stores focus on gourmet and handcrafted chocolates, catering to a more refined customer base with premium and luxury selections. The online retail sector is experiencing significant growth due to the rising popularity of e-commerce, providing consumers with access to a diverse range of chocolates, including international brands, subscription boxes, and customized gift sets. Other channels, such as duty-free stores, vending machines, and direct sales, further contribute to market expansion. The increasing demand for organic, sugar-free, and ethically sourced chocolates, coupled with a rising preference for personalized and functional chocolates, is driving innovations across all market segments, ensuring sustained growth and diversification in the global chocolate industry. The chocolate industry is evolving rapidly, fueled by rising consumer demand for healthier, sustainable, and ethically sourced products. There is a significant shift toward organic, fair-trade, and single-origin chocolates, as consumers become more conscious of environmental impact, ethical sourcing, and child labor issues in cocoa farming.
According to the research report, "Global Chocolate Market Outlook, 2029," published by Bonafide Research, states that the Global Chocolate Market is projected to grow rapidly at a CAGR of 6.73% over the forecast period. There is a growing emphasis on sustainable and ethical practices in the chocolate industry. Consumers are increasingly willing to pay more for sustainably produced chocolates, leading manufacturers to adopt transparent sourcing practices and fair-trade initiatives. The chocolate market is being impacted by the rising prevalence of lifestyle-related health disorders such as obesity and diabetes. This is due to excessive sugar consumption, and consuming chocolate acts as an add-on. The world's population is increasingly being diagnosed with diabetes every year. Further, the increased number of obese people is also on the rise due to sedentary lifestyles. A modest treat can supply the body of a consumer with a lot of energy. As a result, eating sweets leads to the consumption of more calories per day, resulting in obesity. Hence, consumers are switching over to dark chocolate. The chocolate market is consolidated in nature with the presence of many international players and a few regional players. The Hershey Company, Ferrero, Chocoladefabriken Lindt & Spr?ngli AG, Mars, Incorporated, Mondelez International, Nestle, Meiji Holdings, Barry Callebaut, Ezaki Glico Co. Ltd, Godiva Chocolatier, and LOTTE are among the prominent players in the global market.
Europe is leading in the chocolate confectionery market due to its rich tradition of chocolate craftsmanship, high-quality standards, and strong consumer preference for premium and artisanal chocolate products. Europe is the leading region with a 40% market share, but the United States is the leading country because chocolate making has been deeply ingrained in their culture for centuries. Belgium is the chocolate capital of the world. There are many amazing places to buy chocolate in Brussels as the city is famous for its creative chocolates and is dotted with chocolate shops. There has been a long-standing debate over whether European or American chocolate tastes better. However, the differences are the cocoa content, which is low in American chocolates and higher in European chocolates. Sugar content is higher in American chocolates as compared to bitter-tasting European ones. European chocolates are high in fat content. The last is the difference between using cocoa beans from different locations. Europeans import cocoa beans from West Africa and Americans from South America. Each country has developed its own unique way of preparing and producing the sweet treat, from growing the cocoa beans to adding milk and butter to developing different processes to temper the chocolate.
The global chocolate market is segmented by type, application, and distribution channel, each playing a significant role in shaping consumer preferences and industry trends. By type, the market includes milk chocolate, dark chocolate, and white chocolate, each catering to different taste preferences and health considerations. Milk chocolate dominates due to its creamy texture and widespread appeal, while dark chocolate is witnessing rapid growth due to its perceived health benefits, including high antioxidant content and lower sugar levels. White chocolate, though a niche segment, is popular in premium and artisanal offerings, particularly in Europe and North America. The market is also witnessing innovation with ruby chocolate and vegan or plant-based chocolates, catering to changing dietary trends and sustainability-conscious consumers. By application, chocolates are used in a variety of sectors, including confectionery, bakery and pastries, beverages, cosmetics, and pharmaceuticals. The confectionery segment remains the dominant application, with chocolate bars, truffles, and pralines being highly popular worldwide. The bakery industry extensively incorporates chocolate in cakes, cookies, and pastries, while the beverage segment benefits from its use in hot cocoa, chocolate-based liqueurs, and energy drinks. The cosmetic industry is leveraging chocolate’s antioxidant and moisturizing properties in skincare products, and the pharmaceutical sector is incorporating cocoa flavonoids in functional foods and supplements due to their health benefits.
By distribution channel, the chocolate market is primarily divided into supermarkets and hypermarkets, convenience stores, specialty stores, online retailers, and others. Supermarkets and hypermarkets dominate sales, offering a wide variety of chocolates from mass-market brands to premium artisanal options. Convenience stores play a crucial role in impulse buying, especially for single-serving chocolate bars and snack-sized chocolates. Specialty stores focus on gourmet and handcrafted chocolates, catering to a more refined customer base with premium and luxury selections. The online retail sector is experiencing significant growth due to the rising popularity of e-commerce, providing consumers with access to a diverse range of chocolates, including international brands, subscription boxes, and customized gift sets. Other channels, such as duty-free stores, vending machines, and direct sales, further contribute to market expansion. The increasing demand for organic, sugar-free, and ethically sourced chocolates, coupled with a rising preference for personalized and functional chocolates, is driving innovations across all market segments, ensuring sustained growth and diversification in the global chocolate industry. The chocolate industry is evolving rapidly, fueled by rising consumer demand for healthier, sustainable, and ethically sourced products. There is a significant shift toward organic, fair-trade, and single-origin chocolates, as consumers become more conscious of environmental impact, ethical sourcing, and child labor issues in cocoa farming.
Related Press Releases
Quick Contacts
.png "Nikita Jabrela")
Trusted Partners
Latest Press Release
We are friendly and approachable, give us a call.