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PUBLISHER: Grand View Research | PRODUCT CODE: 1122251
PUBLISHER: Grand View Research | PRODUCT CODE: 1122251
Premium Chocolate Market Size, Share & Trends Analysis By Product (Dark, Milk, White), By Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Online), By Region, And Segment Forecasts, 2022 - 2030
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Premium Chocolate Market Growth & Trends:
The global premium chocolate market size was estimated to reach USD 167.58 billion in 2030 and is expected to grow at a CAGR of 9.3% from 2022 to 2030, according to a new report by Grand View Research, Inc.The factors propelling the growth of the market are continuous innovation among products by manufacturers which is accelerating the envelope towards various new flavors to attract consumers. In addition, the inclusion of premium quality fruits and cereals in the chocolates that suits various consumer tastes is attributing to the growth of the global market.
However, leading companies are adding new flavors and tastes to their product portfolio to increase their customer base creating high opportunities in the chocolate market during the coming years. Moreover, the health benefits associated with premium chocolates such as the increase in immunity system along with better brain function are some factors attributing to the global market growth. Furthermore, Ferrero company has launched an innovative premium tablet range to enter the chocolate tablet category. Therefore, new variants are expected to create more demands during the forecast period.
The dark chocolate segment held the largest market share in 2021. The segment is highly growing due to the presence of rich antioxidants, which can slow down or prevent certain types of diseases, such as cholesterol levels and cardiac disease. These health-benefitting properties are boosting the strong growth of the dark chocolate segment. Additionally, dark chocolate can also stimulate heart health, acts as a natural mood enhancer, and also reduces blood pressure. Thereby, driving the growth of the market in the long run.
The online channel is expected to grow with the fastest CAGR from 2022 to 2030. The maximum demand for premium chocolates was generated through the online channel during the coronavirus outbreak when consumers could not move out to supermarkets or grocery stores for purchasing their necessary items has increased the sales for premium chocolate online. Moreover, the large availability of combo products by online channels during the whole year is again attributed the segment growth. In addition, various small local brands are also distributing their premium products on the online websites to increase their customer base again accelerating the online sales during the forecast period.
North America was one of the dominating regional markets in 2021 and held a significant market share. In this region, the introduction of premium chocolate categories such as sugar-free chocolates, novelty chocolates, customized gift boxes, and snack-size chocolate bars are in high demand among consumers. Hence, this factor is expected to generate maximum revenue in the coming years. Additionally, rising income levels and growing indulgence in sweet food are surging the demands for larger premium chocolate packs in North America.
Major players operating in the the market include Chocoladefabriken Lindt & Sprungli AG; Ferrero International S.A.; Endangered Species Chocolate; The Hershey Company; Mondelez International; Yildiz Holding Inc.; Godiva; Mars, Inc.; CEMOI Group; and Champlain Chocolate Co. These market players face intense competition from each other, as some of them operate at several locations and have large customer bases. The presence of many small-scale players is also leading to increased competition.
Premium Chocolate Market Report Highlights:
- Asia Pacific is projected to expand at the fastest CAGR of 10.0% from 2022 to 2030. The growth in this region of the market is owing to the rising health-conscious consumers in this region. Hence, the increasing disposable incomes among middle-class populations are continuously boosting the sales of premium chocolates in the Asia Pacific.
- Milk chocolate is expected to grow with a significant CAGR of 9.1% from 2022 to 2030. Milk chocolate has plenty of micronutrients that provide a slight amount of vitamin A and K, iron, zinc, and potassium which are some of the major factors driving the growth of the milk chocolate segment. In addition, milk chocolates are commonly known for containing the richest natural sources of magnesium, which is necessary for brain development and can help in improving concentration and alertness. Hence, these factors are driving the sales for milk chocolate segments during the forecast period.
- Specialty store segment is the dominating distribution channel segment in 2021 with a share of over 45%. The wide-ranging accessibility of premium chocolates with required customizable gift packs among specialty stores is boosting the growth of premium chocolate sales.
Product Code: GVR-4-68039-964-4
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Distribution Channel Outlook
- 2.4. Regional Outlook
Chapter 3. Premium Chocolate Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Channel Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter's
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.5.1. Industry Analysis - Porter's
- 3.6. Roadmap of Premium Chocolate Market
- 3.7. Market Entry Strategies
- 3.8. Impact of COVID-19
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. Premium Chocolate Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2021 & 2030
- 5.2. Dark
- 5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 5.3. Milk
- 5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 5.4. White
- 5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Premium Chocolate Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Distribution Channel Movement Analysis & Market Share, 2021 & 2030
- 6.2. Hypermarkets/Supermarkets
- 6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.3. Specialty Stores
- 6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.4. Online
- 6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.5. Others
- 6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. Premium Chocolate Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2021 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.2.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.2.4. U.S.
- 7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.2.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.2.5. Canada
- 7.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.2.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.2.6. Mexico
- 7.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.2.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.3.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.4. U.K.
- 7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.3.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.5. Germany
- 7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.3.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.6. France
- 7.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.3.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.7. Belgium
- 7.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.3.7.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.8. Italy
- 7.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.3.8.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.4.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.5. India
- 7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
- 7.4.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.4.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.7. South Korea
- 7.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.4.7.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.8. Indonesia
- 7.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.4.8.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.5.4. Brazil
- 7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.5.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.5.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.6.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 7.6.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Chapter 8. Competitive Analysis
- 8.1. Key global players, recent developments & their impact on the industry
- 8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 8.3. Vendor Landscape
- 8.3.1. Key company market share analysis, 2021
Chapter 9. Company Profiles
- 9.1. Chocoladefabriken Lindt & Sprungli AG
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Strategic Initiatives
- 9.2. Ferrero International S.A.
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Strategic Initiatives
- 9.3. Endangered Species Chocolate
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Strategic Initiatives
- 9.4. The Hershey Company
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Strategic Initiatives
- 9.5. Mondelez International
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Strategic Initiatives
- 9.6. Yildiz Holding Inc.
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Strategic Initiatives
- 9.7. Godiva
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Strategic Initiatives
- 9.8. Mars, Inc.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Strategic Initiatives
- 9.9. CEMOI Group
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Strategic Initiatives
- 9.10. Champlain Chocolate Co.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Strategic Initiatives
Product Code: GVR-4-68039-964-4
List of Tables
- 1. Premium chocolate market - Driving factor market analysis
- 2. Premium chocolate market - Restraint factor market analysis
- 3. Premium dark chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 4. Premium milk chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 5. Premium white chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 6. Premium chocolate market estimates and forecast through hypermarkets/supermarkets, 2017 - 2030 (USD Million)
- 7. Premium chocolate market estimates and forecast through specialty stores, 2017 - 2030 (USD Million)
- 8. Premium chocolate market estimates and forecast through online channel, 2017 - 2030 (USD Million)
- 9. Premium chocolate market estimates and forecast through other distribution channels, 2017 - 2030 (USD Million)
- 10. North America premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 11. North America premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 12. North America premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 13. U.S. premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 14. U.S. premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 15. U.S. premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 16. Canada premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 17. Canada premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 18. Canada premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 19. Mexico premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 20. Mexico premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 21. Mexico premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 22. Europe premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 23. Europe premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 24. Europe premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 25. U.K. premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 26. U.K. premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 27. U.K. premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 28. Germany premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 29. Germany premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 30. Germany premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 31. France premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 32. France premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 33. France premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 34. Belgium premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 35. Belgium premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 36. Belgium premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 37. Italy premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 38. Italy premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 39. Italy premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 40. Asia Pacific premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 41. Asia Pacific premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 42. Asia Pacific premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 43. China premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 44. China premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 45. China premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 46. India premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 47. India premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 48. India premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 49. Japan premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 50. Japan premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 51. Japan premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 52. South Korea premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 53. South Korea premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 54. South Korea premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 55. Indonesia premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 56. Indonesia premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 57. Indonesia premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 58. Central & South America premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 59. Central & South America premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 60. Central & South America premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 61. Brazil premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 62. Brazil premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 63. Brazil premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 64. Middle East & Africa premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 65. Middle East & Africa premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 66. Middle East & Africa premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 67. South Africa premium chocolate market estimates and forecast, 2017 - 2030 (USD Million)
- 68. South Africa premium chocolate market estimates and forecast by product, 2017 - 2030 (USD Million)
- 69. South Africa premium chocolate market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 70. Vendor landscape
List of Figures
- 1. Premium chocolate market snapshot
- 2. Premium chocolate market segmentation & scope
- 3. Premium chocolate market penetration & growth prospect mapping
- 4. Premium chocolate market value chain analysis
- 5. Premium chocolate market dynamics
- 6. Premium chocolate market porter's analysis
- 7. Premium chocolate market: product movement analysis
- 8. Premium chocolate market: distribution channel movement analysis
- 9. Premium chocolate market: Regional movement analysis
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