Chocolate market
Chocolate Market, by Price Range (Economic Chocolate, Mid-Range Chocolate, Premium Chocolate), by Flavor (White Chocolate, Milk Chocolate, Dark Chocolate), by Product Types (Box Chocolate, Chocolate Countlines, Chocolate Straightlines, Molded Bars, Novelties, and Others), by Distribution Channels (Supermarket, Hypermarket, Convenience Store, Online Channel, Departmental Store, and Others), and by Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025
- Nov 2017
- CMI998
- 180 Pages
- Excel & Pdf
- Food and Beverages
Global Chocolate Market – Insights
Chocolate is a typically sweet, usually brown comfort food prepared from cocoa tree in the form of blocks, liquid, or paste. Chocolate is used as flavoring ingredients in several foodstuffs, such as chocolate brownies, cakes, chocolate cookies, bars, and candies. The main ingredient cocoa provides phytochemicals, which is an antioxidant. The content of phytochemicals is high in dark chocolates. Chocolate increases serotonin levels in the brain and the gut and improves immune system.
The increasing awareness of health benefits associated with chocolate is major factor propelling growth of the chocolate market. Consuming chocolate offers health benefits such as blood pressure suppressing property, antioxidant enrichment, and anti-aging. Furthermore, increasing demand for chocolate and chocolate-base products on seasonal and festival occasion significantly contributes to growth of the chocolate market. High demand for chocolate in confectionery market further fuels growth of the market. For instance, according to Coherent Market Insights’ analysis, the confectionery market is expected to witness CAGR of 3.8% during the forecast period of 2017 - 2025.
Europe led the chocolate market and is expected to grow at CAGR of 4.6% during the forecast period, 2017-2025. It is expected to be valued at US$ 43.20 billion by 2025. According to National Confectionary Association (NCA), Germany led one-fourth of the Western European in sales and consumption in 2016. North America is the second largest chocolate market with the U.S being major economy in the region. It has the highest consumption of chocolate and presence of international players such as Mars, Mondelez, etc. Asia Pacific is the fastest growing region in chocolate market, owing to the growth of multinational companies in the region such as Mars, Hershey’s, Ferrero, and Ghirardelli. Also, high consumption of chocolate by growing population is propelling the demand for the growth of chocolate market over the forecast period.
By price range, economy range chocolate has the highest demand. During festivals such as Christmas, Easter, and Diwali demand for economy range and mid-range chocolate is high due to large population of low-income economy. According to World Bank PovcalNet Database, around 56% of global population is low-income and around 13% is middle-income population. Among products type, molded bars have the highest shares and it was valued at US$ 35.34 billion in 2016.
Figure 1. Global Chocolate Market Share, By Flavor, 2016
Source: Coherent Market Insights (2017)
Among flavored chocolates, milk chocolates dominates the global chocolate market, which was valued at US$ 39.49 billion in 2016 and it is growing at a CAGR of 6.0% during the forecast period of 2017 - 2025. Dark chocolates have the second largest market growing with a CAGR of 8.3% during the forecast period of 2017 - 2025. Owing to various health benefits and increased awareness among the peoples regarding dark cocoa chocolates is expected to propel the demand for dark chocolates over forecast period.
According to the International Cocoa Organization, the net sales of the Mars Inc. was at the peak in 2016 with US$ 18000 Million followed by, Mondelez International with US$ 12,900 Million.
Major Players in the Chocolate Market:
Some of the major players in the chocolate market include Mars, Hershey, Nestlé, Barry Callebaut, Kraft Foods, Ferrero, Moonstruck Chocolatier Co., Ghirardelli Chocolate Co., and Mondelez International (Cadbury).
Table of Contents
- Research Objective and assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Price Range
- Market Snippet By Flavor
- Market Snippet By Product Types
- Market Snippet By Distribution Channel
- Market Snippet By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Epidemiology/Prevalence/Incidence
- Merger and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
- Cost Tier Down Analysis
- Chocolate Market, By Price Range, 2017 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, 2017 - 2025
- Segment Trends
- Economic Chocolate
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Mid-Range Chocolate
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Premium Chocolate
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Chocolate Market, By Flavor, 2017 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, 2017 - 2025
- Segment Trends
- White Chocolate
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Milk Chocolate
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Dark Chocolate
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Sub-segment
- Bitter Chocolate
- Semi-sweet Chocolate
- Others
- Chocolate Market, By Product Types, 2017 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, 2017 - 2025
- Segment Trends
- Box Chocolate
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Chocolate Countlines
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Chocolate Straightlines
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Molded Bars
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Novelties
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Others
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Chocolate Market, By Distribution Channels, 2017 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, 2017 - 2025
- Segment Trends
- Supermarket
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Hypermarket
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Convenience Store
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Online Channel
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Departmental Store
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Others
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2025, (USD Million)
- Chocolate Market, By Regions, 2017 - 2025 (USD Million)
- Introduction
- Market Share Analysis, By Region, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, For Regions, 2017 - 2025
- North America
- Market Share Analysis, By Country, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2025
- U.S.
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Canada
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Europe
- Market Share Analysis, By Country, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2025
- U.K.
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Germany
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Italy
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- France
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Russia
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Asia Pacific
- Market Share Analysis, By Country, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2025
- China
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- India
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Japan
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- ASEAN
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Australia
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- South Korea
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Latin America
- Market Share Analysis, By Country, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2025
- Brazil
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Mexico
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Rest of Latin America
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Middle East
- Market Share Analysis, By Country, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2025
- GCC Countries
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Israel
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Africa
- Market Share Analysis, By Country, 2016 and 2025 (%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2025
- Northern Africa
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Central Africa
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- South Africa
- Country Trends
- Market Size and Forecast, By Price Range, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Flavor, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Product Types, 2017 - 2025 (USD Million)
- Market Size and Forecast, By Distribution Channel, 2017 - 2025 (USD Million)
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Mars
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Hershey
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Nestlé
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Barry Callebaut
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Kraft Foods
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Ferrero
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Moonstruck Chocolatier Co.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Ghirardelli Chocolate Co.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Mondelez International (Cadbury)
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
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