Chocolate Market - Forecasts from 2025 to 2030

The Chocolate Market is expected to grow from US$141.001 billion in 2025 to US$174.347 billion in 2030, at a CAGR of 4.34%.

One of the most popular culinary items consumed worldwide is chocolate. Chocolates are often presented with a variety of flavours and are manufactured from cocoa seeds, cocoa liquor, cocoa butter, milk, and sugar. Additionally, to entice clients into purchasing their variety of chocolate products and to survive the fierce rivalry in the market, chocolate vendors utilise a variety of flavours, including ginger, lavender, and hibiscus, among others. Chocolates with organic ingredients are gaining traction in the market and are offered at a very premium price.

Chocolate Market Trends:

Chocolates must be stored in an environment that is extremely sensitive to temperatures and humidity. Chocolates cannot be stored in high temperatures as they can melt down, and fluctuating temperatures can cause fat to bloom. Moreover, chocolates are stocked in a place away from other food items as these could absorb different aromas. Hence, chocolates should be wrapped and kept in a proper place that has the correct humidity and temperature conditions. The global market for chocolates is driven by the extensive utilization of chocolate in confectionery items and flavoured food products. Moreover, chocolates are being used as functional goods owing to their nutritional value and aid in relieving stress, leading to increased consumption over the forecast period. However, fluctuations in raw material prices and excessive reliance on unstable economies for the supply of cocoa are restraining market growth.

Chocolate Market Growth Drivers:

• Dark chocolate is anticipated to witness significant growth over the forecast period

Dark chocolate has several health benefits, like consumption of it reducing anxiety and improving symptoms of clinical depression. Growing awareness regarding dark chocolate as a healthier product is expected to drive the growth of the segment during the forecast period. In addition, various health experts around the globe also recommend that moderate consumption of chocolate boosts serotonin, which calms the brain and acts as an antidepressant. According to the World Health Organization, depression is a common mental disorder that affects more than 264 million people of all ages globally, and close to 800 thousand people die every year due to suicide, and depression is one of the major causes of it. Furthermore, dark chocolate also reduces the risk of cardiovascular diseases on account of the presence of high flavonoid content.

• Growing middle-class population

The middle-class population in developing countries like China, India, and Brazil is growing, which is increasing the demand for chocolate, especially among millennials and the younger population. Rapid urbanization and growing disposable income have also attracted major market players to invest in new product launches, thus propelling market growth opportunities over the forecast period. Furthermore, chocolate is often considered a token of appreciation and is used in giving gifts during the festive seasons, which also boosts the demand for chocolate. Major market players frequently launch new chocolate gift packs, which are popular among the developing economies' middle-class population. Besides, a growing trend in consumer behaviour toward an appreciation for good-quality chocolate and a desire for a sophisticated taste profile is further helping the chocolate manufacturers and vendors to grow during the forecast period.

Chocolate Market Geographical Outlook:

• Asia Pacific holds a significant market share

By geography, the chocolate market is segmented into North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. The Asia Pacific is expected to hold a significant share of the market owing to the presence of major players, coupled with the growing number of product launches in the region. In addition, rising disposable income coupled with the growing awareness regarding the health benefits of chocolates is further anticipated to boost the growth of the market in the region. The European region is home to a major dark chocolate-consuming population, and with the increasing product launches, the market is expected to witness significant growth in the coming years.

Chocolate Market Segmentation:

By Product

• Dark Chocolate
• Milk and White Chocolate
• Artificial

By Distribution Channel

• Online
• Offline
• Convenience stores
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• Spain
• United Kingdom
• Italy
• France
• Others
• Middle East and Africa
• Saudi Arabia
• Israel
• UAE
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Taiwan
• Thailand
• Indonesia
• Others