PUBLISHER: Grand View Research | PRODUCT CODE: 1842352
PUBLISHER: Grand View Research | PRODUCT CODE: 1842352
Chocolate Market Size, Share & Trends Analysis Report By Product (Traditional, Artificial), By Distribution Channel (Supermarket & Hypermarket, Convenience Store, Online), By Region, And Segment Forecasts, 2025 - 2033
Chocolate Market Summary
The global chocolate market size was valued at USD 123.05billion in 2024 and is projected to reach USD 184.69 billion in 2033, growing at a CAGR of 4.8% from 2025 to 2033. Consumer consciousness regarding the health benefits of eating high-quality chocolate remains the key driver of the market.
Moreover, the marketing of chocolate also plays a crucial role in shaping consumer perceptions and driving demand globally. Another factor driving product demand in the coming years is the growing demand for vegan, organic, gluten-free, and sugar-free chocolates. The COVID-19 pandemic moderately impacted the global market. Governments across the globe were forced to impose lockdowns due to the rapid spread of infection, forcing many businesses and production facilities to shut down temporarily. This affected the global supply and distribution chain, thereby negatively impacting the market growth. However, the demand for chocolates increased during the pandemic as people stocked up on packaged and processed foods. According to the State of Treating Report 2021 by the National Confectioners Association (NCA), chocolate rose by 4.2% during the pandemic period in 2020.
Moreover, consumers preferred eating these during the pandemic to reduce stress and elevate their mood. This ensured a stable demand for chocolates during the pandemic. Consumers' increased belief in the superiority of bean and single-origin chocolates over bar chocolates is anticipated to motivate market participants to invest in the trend to increase their profits. The growing emphasis on the bean-to-bar concept has resulted in a significant increase in demand for premium and specialty chocolate products in recent years. The single-origin cocoa trend is still fueling new product development and innovation. This is expected to contribute to the overall market growth in the coming years.
According to health experts, moderate chocolate consumption increases serotonin, which calms the brain and works as an antidepressant. It also causes the release of endorphins in the body, which quickly improves mood. As per World Population Review data, almost 3.4% or 251-310 million of the global population suffers from depression. Therefore, the rising prevalence of mental illnesses such as anxiety and depression may promote product demand during the forecast period.
Chocolate consumption also reduces the release of the stress hormone cortisol. Regular inclusion of these elements in a regular diet can mitigate health issues and help avoid reliance on medication. Chocolate sales are expected to increase in the coming years due to its ability to relax the mind and induce happiness. Increasing awareness regarding preventive healthcare is anticipated to further fuel market growth during the projected timeframe.
Another factor influencing the global market is the growing awareness of the health benefits of dark chocolate consumption. According to the Cleveland Clinic, dark chocolate is known to enhance blood circulation in the body, reduce blood pressure, improve brain function, and lower the risk of heart disease when consumed in moderation, as it has vital minerals such as zinc, magnesium, phosphorus, copper, and iron. Moreover, some of the factors expected to drive the market growth include the premiumization of chocolate-based products and the use of visually appealing packaging to attract consumers' attention.
Global Chocolate Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and opportunities in each of the sub-segment from 2021 to 2033. For this study, Grand View Research has segmented the global chocolate market report on the basis of product, distribution channel, and region:
- Product Outlook (Revenue, USD Billion, 2021 - 2033)
- Traditional
- Dark
- Milk
- White
- Artificial
- Distribution Channel Outlook (Revenue, USD Billion, 2021 - 2033)
- Supermarkets & Hypermarkets
- Convenience Stores
- Online
- Regional Outlook (Revenue, USD Billion, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Switzerland
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- Latin America
- Brazil
- Middle East & Africa
- UAE
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. Chocolate Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration and Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Manufacturing & Technology Trends
- 3.3.2. Sales Channel Analysis
- 3.3.3. 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
- 3.6. Market Entry Strategies
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. Chocolate Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2024 & 2033
- 5.2. Traditional
- 5.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 5.2.2. Dark
- 5.2.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 5.2.3. Milk
- 5.2.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 5.2.4. White
- 5.2.4.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 5.3. Artificial
- 5.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
Chapter 6. Chocolate Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Distribution Channel Movement Analysis & Market Share, 2024 & 2033
- 6.2. Supermarkets & Hypermarkets
- 6.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 6.3. Convenience Stores
- 6.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 6.4. Online
- 6.4.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
Chapter 7. Chocolate Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2024 & 2033
- 7.2. North America
- 7.2.1. U.S.
- 7.2.1.1. Key country dynamics
- 7.2.1.2.Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.2.2. Canada
- 7.2.2.1. Key country dynamics
- 7.2.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.2.3. Mexico
- 7.2.3.1. Key country dynamics
- 7.2.3.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.2.1. U.S.
- 7.3. Europe
- 7.3.1. Germany
- 7.3.1.1. Key country dynamics
- 7.3.1.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.2. UK
- 7.3.2.1. Key country dynamics
- 7.3.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.3. France
- 7.3.3.1. Key country dynamics
- 7.3.3.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.4. Italy
- 7.3.4.1. Key country dynamics
- 7.3.4.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.5. Switzerland
- 7.3.5.1. Key country dynamics
- 7.3.5.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.1. Germany
- 7.4. Asia Pacific
- 7.4.1. China
- 7.4.1.1. Key country dynamics
- 7.4.1.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.4.2. Japan
- 7.4.2.1. Key country dynamics
- 7.4.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.4.3. India
- 7.4.3.1. Key country dynamics
- 7.4.3.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.4.4. South Korea
- 7.4.4.1. Key country dynamics
- 7.4.4.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.4.5. Australia & New Zealand
- 7.4.5.1. Key country dynamics
- 7.4.5.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.4.1. China
- 7.5. Latin America
- 7.5.1. Brazil
- 7.5.1.1. Key country dynamics
- 7.5.1.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.5.1. Brazil
- 7.6. Middle East & Africa
- 7.6.1. UAE
- 7.6.1.1. Key country dynamics
- 7.6.1.2. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.6.1. UAE
Chapter 8. Competitive Analysis
- 8.1. Recent developments & impact analysis, by key market participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Portfolios
- 8.6. Company Market Share Analysis, 2024 (%)
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.9. Company Profiles
- 8.9.1. Barry Callebaut
- 8.9.1.1. Company Overview
- 8.9.1.2. Financial Performance
- 8.9.1.3. Product Portfolios
- 8.9.1.4. Strategic Initiatives
- 8.9.2. Chocoladefabriken Lindt & Sprungli AG
- 8.9.2.1. Company Overview
- 8.9.2.2. Financial Performance
- 8.9.2.3. Product Portfolios
- 8.9.2.4. Strategic Initiatives
- 8.9.3. Mondelez International
- 8.9.3.1. Company Overview
- 8.9.3.2. Financial Performance
- 8.9.3.3. Product Portfolios
- 8.9.3.4. Strategic Initiatives
- 8.9.4. Nestle S.A.
- 8.9.4.1. Company Overview
- 8.9.4.2. Financial Performance
- 8.9.4.3. Product Portfolios
- 8.9.4.4. Strategic Initiatives
- 8.9.5. THE HERSHEY COMPANY
- 8.9.5.1. Company Overview
- 8.9.5.2. Financial Performance
- 8.9.5.3. Product Portfolios
- 8.9.5.4. Strategic Initiatives
- 8.9.6. Ferrero
- 8.9.6.1. Company Overview
- 8.9.6.2. Financial Performance
- 8.9.6.3. Product Portfolios
- 8.9.6.4. Strategic Initiatives
- 8.9.7. Mars, Incorporated
- 8.9.7.1. Company Overview
- 8.9.7.2. Financial Performance
- 8.9.7.3. Product Portfolios
- 8.9.7.4. Strategic Initiatives
- 8.9.8. The Australian Carob Co.
- 8.9.8.1. Company Overview
- 8.9.8.2. Financial Performance
- 8.9.8.3. Product Portfolios
- 8.9.8.4. Strategic Initiatives
- 8.9.9. Meiji Holdings Co., Ltd.
- 8.9.9.1. Company Overview
- 8.9.9.2. Financial Performance
- 8.9.9.3. Product Portfolios
- 8.9.9.4. Strategic Initiatives
- 8.9.10. Arcor
- 8.9.10.1. Company Overview
- 8.9.10.2. Financial Performance
- 8.9.10.3. Product Portfolios
- 8.9.10.4. Strategic Initiatives
- 8.9.1. Barry Callebaut
List of Tables
- 1. Global chocolate market - Key market driver analysis
- 2. Global chocolate market - Key market restraint analysis
- 3. Global chocolate market estimates and forecast by product 2021 - 2033 (USD Billion)
- 4. Global chocolate market estimates and forecast by distribution channel 2021 - 2033 (USD Billion)
- 5. Global chocolate market revenue estimates and forecast by region, 2021 - 2033 (USD Billion)
- 6. North America chocolate market revenue estimates and forecast, 2021 - 2033 (USD Billion)
- 7. U.S. macro-economic outlay
- 8. U.S. chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 9. U.S. chocolate market estimates and forecast by product 2021 - 2033 (USD Billion)
- 10. U.S. chocolate market estimates and forecast by distribution channel 2021 - 2033 (USD Billion)
- 11. Canada macro-economic outlay
- 12. Canada chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 13. Canada chocolate market estimates and forecast by product 2021 - 2033 (USD Billion)
- 14. Canada chocolate market revenue estimates and forecast by distribution channel, 2021 - 2033 (USD Billion)
- 15. Mexico macro-economic outlay
- 16. Mexico chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 17. Mexico chocolate market estimates and forecast by product 2021 - 2033 (USD Billion)
- 18. Mexico chocolate market revenue estimates and forecast by distribution channel, 2021 - 2033 (USD Billion)
- 19. Europe chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 20. U.K. macro-economic outlay
- 21. U.K. chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 22. U.K. chocolate market estimates and forecast by product 2021 - 2033 (USD Billion)
- 23. U.K. chocolate market revenue estimates and forecast by distribution channel, 2021 - 2033 (USD Billion)
- 24. Germany macro-economic outlay
- 25. Germany chocolate market estimates and forecast by product 2021 - 2033 (USD Billion)
- 26. Germany chocolate market revenue estimates and forecast by distribution channel, 2021 - 2033 (USD Billion)
- 27. France macro-economic outlay
- 28. France chocolate market estimates and forecast by product 2021 - 2033 (USD Billion)
- 29. France chocolate market revenue estimates and forecast by distribution channel, 2021 - 2033 (USD Billion)
- 30. Italy macro-economic outlay
- 31. Italy chocolate market estimates and forecast by product 2021 - 2033 (USD Billion)
- 32. Italy chocolate market revenue estimates and forecast by distribution channel, 2021 - 2033 (USD Billion)
- 33. Switzerland macro-economic outlay
- 34. Switzerland chocolate market estimates and forecast by product 2021 - 2033 (USD Billion)
- 35. Switzerland chocolate market revenue estimates and forecast by distribution channel, 2021 - 2033 (USD Billion)
- 36. Asia Pacific chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 37. China macro-economic outlay
- 38. China chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 39. China chocolate market estimates and forecast by product 2021 - 2033 (USD Billion)
- 40. China chocolate market revenue estimates and forecast by distribution channel, 2021 - 2033 (USD Billion)
- 41. India macro-economic outlay
- 42. India chocolate market estimates and forecast by product 2021 - 2033 (USD Billion)
- 43. India chocolate market revenue estimates and forecast by distribution channel, 2021 - 2033 (USD Billion)
- 44. Japan macro-economic outlay
- 45. Japan chocolate market estimates and forecast by product 2021 - 2033 (USD Billion)
- 46. Japan chocolate market revenue estimates and forecast by distribution channel, 2021 - 2033 (USD Billion)
- 47. South Korea macro-economic outlay
- 48. South Korea chocolate market estimates and forecast by product 2021 - 2033 (USD Billion)
- 49. South Korea chocolate market revenue estimates and forecast by distribution channel, 2021 - 2033 (USD Billion)
- 50. Australia & New Zealand macro-economic outlay
- 51. Australia & New Zealand chocolate market estimates and forecast by product 2021 - 2033 (USD Billion)
- 52. Australia & New Zealand chocolate market revenue estimates and forecast by distribution channel, 2021 - 2033 (USD Billion)
- 53. Latin America chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 54. Brazil macro-economic outlay
- 55. Brazil chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 56. Brazil chocolate market estimates and forecast by product 2021 - 2033 (USD Billion)
- 57. Brazil chocolate market revenue estimates and forecast by distribution channel, 2021 - 2033 (USD Billion)
- 58. Middle East & Africa chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 59. UAE macro-economic outlay
- 60. UAE chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 61. UAE chocolate market estimates and forecast by product 2021 - 2033 (USD Billion)
- 62. UAE chocolate market revenue estimates and forecast by distribution channel, 2021 - 2033 (USD Billion)
List of Figures
- 1. Chocolate market snapshot
- 2. Chocolate market segmentation & scope
- 3. Chocolate market penetration & growth prospect mapping
- 4. Chocolate market value chain analysis
- 5. Chocolate market dynamics
- 6. Chocolate market Porter's Five Forces analysis
- 7. Chocolate market: Product movement analysis, 2024 & 2033 (%)
- 8. Traditional market estimates and forecast, 2021 - 2033 (USD Billion)
- 9. Dark chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 10. Milk chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 11. White chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 12. Artificial market estimates and forecast, 2021 - 2033 (USD Billion)
- 13. Chocolate market: Distribution Channel movement analysis, 2024 & 2033 (%)
- 14. Chocolate market estimates and forecast, through supermarkets & hypermarkets, 2021 - 2033 (USD Billion)
- 15. Chocolate market estimates and forecast, through convenience stores, 2021 - 2033 (USD Billion)
- 16. Chocolate market estimates and forecast, through online distribution channels, 2021 - 2033 (USD Billion)
- 17. Chocolate market: Regional movement analysis, 2024 & 2033 (%)
- 18. North America chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 19. U.S. chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 20. Canada chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 21. Mexico chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 22. Europe chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 23. Germany chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 24. U.K. chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 25. Switzerland chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 26. Italy chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 27. France chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 28. Asia Pacific chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 29. China chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 30. India chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 31. Japan chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 32. South Korea chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 33. Australia & New Zealand chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 34. Latin America chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 35. Brazil chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 36. Middle East & Africa chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
- 37. UAE chocolate market estimates and forecast, 2021 - 2033 (USD Billion)
