Chocolate Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The Chocolate Market is segmented by Confectionery Variant (Dark Chocolate, Milk and White Chocolate), by Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market Value in USD and Volume are both presented. Key data points observed include market segmental split by confections, confectionery variant, sugar content, and distribution channel.

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Chocolate Market Size

Chocolate Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2018 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 109.13 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 145.14 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Distribution Channel Supermarket/Hypermarket
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 4.87 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Europe

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Chocolate Market Analysis

The Chocolate Market size is estimated at 109.13 billion USD in 2024, and is expected to reach 145.14 billion USD by 2030, growing at a CAGR of 4.87% during the forecast period (2024-2030).

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109.13 Billion

Market Size in 2024 (USD)

145.14 Billion

Market Size in 2030 (USD)

3.78 %

CAGR (2018-2023)

4.87 %

CAGR (2024-2030)

Largest Segment by Confectionery Variant

63.99 %

value share, Milk and White Chocolate, 2023

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The innovative flavor offerings possible in white chocolate, followed by the increasing preference for varied taste profiles globally, are expected to drive segmental growth.

Largest Segment by Region

43.48 %

value share, Europe, 2023

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Growing popularity of artisanal chocolate confectioneries, and rising consumer preference for organic and value-added natural ingredients, is propelling the share in Europe.

Fastest-growing Segment by Confectionery variant

5.48 %

Projected CAGR, Dark Chocolate, 2024-2030

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Rising interest among consumers toward the nutrition content and stress-relieving ability of dark chocolate, along with increasing health consciousness, is driving the demand.

Fastest-growing Segment by Region

5.81 %

Projected CAGR, Middle East, 2024-2030

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The large expatriate population in Middle Eastern countries, such as the United Arab Emirates and Saudi Arabia, contributed to the growing demand for chocolates in the region.

Leading Market Player

16.37 %

market share, Mars Incorporated, 2022

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The products offered by Mars have various national and international certifications with a special focus on quality and high standards making them market leader in the region.

Supermarkets and hypermarkets are the leading distribution channel for seasonal offers and discounted purchases, with Y-o-Y sales increasing steadily

  • Supermarkets and hypermarkets are the leading distribution channels for chocolate sales globally. Sales through supermarkets and hypermarkets are anticipated to record a CAGR of 4.67% during the forecast period to reach a market value of USD 60,579.94 million by 2030. Consumer preference for these channels is driven by seasonal offers, discounts on bulk purchases, and access to diversified products through a dedicated section of chocolate products. Due to the large shelf space, these channels allow access to local and international brands.
  • Convenience stores are the second most widely preferred distribution channels after supermarkets and hypermarkets to purchase chocolates. In 2023, the segment had a 30.48% volume share in the overall distribution channels. The broader reach and easy access to private label brands drive the consumer preference for traditional grocery stores over other retail channels. The sales value of chocolates through convenience stores is anticipated to record a CAGR of 4.59% during 2023-2030.
  • The sales value of chocolate confectionery through the online channel is projected to expand at the highest CAGR of 5.72% during 2023-2030, reaching USD 9,393.62 million in 2030. Being the largest chocolate-consuming regions, Europe and North America collectively had a 73.47% share of global chocolate sales through online channels in terms of value in 2023. The increasing number of internet users influences the evolving role of online channels in chocolate confectionery purchases. In 2022, 68% of European consumers aged 16 to 74 bought online goods or services for personal use. ASDA, Tesco, and Sainsbury's are leading online grocery stores in Europe.
Global Chocolate Market

Europe and North America lead the chocolate market globally, with a value share of almost 80% during the study period

  • Globally, the sales value of chocolate registered a growth rate of 4.42% in 2023 compared to 2022. Chocolates have gained immense traction across the world due to their various health benefits, easy accessibility, and the availability of a wide range of chocolates.
  • Compared to other regions, Europe plays a major role in the sales of chocolates and registered a growth rate of 12.37% from 2020 to 2023 by value. The growth is attributed to growing consumer’s preference for premium chocolates and sustainable chocolates. As of 2022, more than 60% of consumers in the region paid for sustainably made products, including chocolates.
  • European countries show significantly higher averages in per capita consumption of chocolates. Europe was responsible for processing 35% of the world’s cacao and consumed a whopping 45% of world chocolate consumption in 2022. The world’s highest chocolate consumption nations are found in Europe. Switzerland consumed the most chocolate with a per capita consumption of 11 kg in 2022. The chocolate market in Europe registered a CAGR of 4.41% during the forecast period.
  • North America is the second-largest chocolate market globally. The sales value of chocolates is anticipated to grow by 29.40% in 2027 compared to 2022. Americans have a strong affinity for chocolate, and it is often associated with celebrations, special occasions, and major holidays like Easter, Christmas, and Valentine’s Day, driving chocolate sales in the region. More options in package sizes of 200 calories or less are available during the holiday season. Most consumers in the region gift chocolates on Valentine’s Day. In 2022, more than 27% of Americans were gifted chocolate on Valentine’s Day.

Global Chocolate Market Trends

The rising per capita consumption of chocolates supported by the gifting culture, coupled with growing indulgence in sweets among consumers, increases the demand for chocolates across the globe

  • Europe is the leading chocolate-consuming region, followed by North America and Asia-Pacific. Europe processed 35% of the world’s cacao and accounted for 47.67% of world chocolate consumption in 2023. The UK and Switzerland recorded high per capita chocolate consumption of 10.7 kg and 8.9 kg, respectively, as of 2023
  • Flavors, texture, and taste are key attributes that influence consumer buying behavior in the global chocolate market. Chocolates with labels such as organic, Fairtrade-certified, and Rainforest Alliance/UTZ-certified are gaining significant traction across European countries. In Asia-Pacific, consumers have a strong preference for textural chocolates, such as crunchy, fruity, and nutty variants.
  • Retail prices of chocolates are influenced by the fluctuations in prices of key raw materials, including milk, cocoa beans, cocoa butter, and sugar. Based on economic status, consumers' chocolate choices are categorized as follows: specialty/premium, middle-end, and low-end chocolates constituting 8-10%, 18-20%, and 75-80%, respectively.
  • Globally, the consumption of chocolate is generally viewed from a health perspective with a mix of opinions. Chocolate is widely consumed as a popular indulgence, particularly in the form of candy bars, chocolate desserts, and beverages like hot chocolate.

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Major manufacturers are avoiding the use of artificial flavors, preservatives, or sweeteners to cater to a larger market

Chocolate Industry Overview

The Chocolate Market is moderately consolidated, with the top five companies occupying 59.47%. The major players in this market are Ferrero International SA, Mars Incorporated, Mondelēz International Inc., Nestlé SA and The Hershey Company (sorted alphabetically).

Chocolate Market Leaders

  1. Ferrero International SA

  2. Mars Incorporated

  3. Mondelēz International Inc.

  4. Nestlé SA

  5. The Hershey Company

Chocolate Market Concentration

Other important companies include Arcor S.A.I.C, August Storck KG, Barry callebaut AG, Cargill Incorporated, Chocoladefabriken Lindt & Sprüngli AG, ITC Limited, Lotte Corporation, Meiji Holdings Company Ltd, Morinaga & Co. Ltd, Yıldız Holding AS.

*Disclaimer: Major Players sorted in alphabetical order.

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Chocolate Market News

  • August 2023: Lotte Corporation partnered with DLT Labs to promote sustainability and ethical practices in the cacao bean supply chain. Lotte is commencing its pilot project on the traceability of cacao beans from Ghana and child labor monitoring using blockchain technology.
  • July 2023: Ferrero's sister company, Ferrara Candy Co., announced the acquisition of Brazilian snacks company Dori Alimentos, which sells a variety of chocolate and sugar confectionery brands, including Dori, Pettiz, and Jubes.
  • February 2023: The Hershey Company launched limited-edition chocolate bars to honor the celebration of International Women’s Day.

Free with this Report

We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the confectionery industry. With the help of 45+ free charts, clients can access in-depth market analysis based on price trend analysis of confectionery ingredients and per capita consumption of confections, through granular-level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on confections, confectionery variants, sugar content, insights into consumer preferences and purchasing patterns, an overview of key market players, etc., are available in the form of comprehensive reports as well as excel-based data worksheets.

Chocolate Market
Chocolate Market
Chocolate Market
Chocolate Market

Chocolate Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Regulatory Framework

    2. 2.2. Consumer Buying Behavior

    3. 2.3. Ingredient Analysis

    4. 2.4. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 3.1. Confectionery Variant

      1. 3.1.1. Dark Chocolate

      2. 3.1.2. Milk and White Chocolate

    2. 3.2. Distribution Channel

      1. 3.2.1. Convenience Store

      2. 3.2.2. Online Retail Store

      3. 3.2.3. Supermarket/Hypermarket

      4. 3.2.4. Others

    3. 3.3. Region

      1. 3.3.1. Africa

        1. 3.3.1.1. By Country

          1. 3.3.1.1.1. Egypt

          2. 3.3.1.1.2. Nigeria

          3. 3.3.1.1.3. South Africa

          4. 3.3.1.1.4. Rest of Africa

      2. 3.3.2. Asia-Pacific

        1. 3.3.2.1. By Country

          1. 3.3.2.1.1. Australia

          2. 3.3.2.1.2. China

          3. 3.3.2.1.3. India

          4. 3.3.2.1.4. Indonesia

          5. 3.3.2.1.5. Japan

          6. 3.3.2.1.6. Malaysia

          7. 3.3.2.1.7. New Zealand

          8. 3.3.2.1.8. South Korea

          9. 3.3.2.1.9. Rest of Asia-Pacific

      3. 3.3.3. Europe

        1. 3.3.3.1. By Country

          1. 3.3.3.1.1. Belgium

          2. 3.3.3.1.2. France

          3. 3.3.3.1.3. Germany

          4. 3.3.3.1.4. Italy

          5. 3.3.3.1.5. Netherlands

          6. 3.3.3.1.6. Russia

          7. 3.3.3.1.7. Spain

          8. 3.3.3.1.8. Switzerland

          9. 3.3.3.1.9. Turkey

          10. 3.3.3.1.10. United Kingdom

          11. 3.3.3.1.11. Rest of Europe

      4. 3.3.4. Middle East

        1. 3.3.4.1. By Country

          1. 3.3.4.1.1. Bahrain

          2. 3.3.4.1.2. Kuwait

          3. 3.3.4.1.3. Oman

          4. 3.3.4.1.4. Qatar

          5. 3.3.4.1.5. Saudi Arabia

          6. 3.3.4.1.6. United Arab Emirates

          7. 3.3.4.1.7. Rest of Middle East

      5. 3.3.5. North America

        1. 3.3.5.1. By Country

          1. 3.3.5.1.1. Canada

          2. 3.3.5.1.2. Mexico

          3. 3.3.5.1.3. United States

          4. 3.3.5.1.4. Rest of North America

      6. 3.3.6. South America

        1. 3.3.6.1. By Country

          1. 3.3.6.1.1. Argentina

          2. 3.3.6.1.2. Brazil

          3. 3.3.6.1.3. Rest of South America

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. Arcor S.A.I.C

      2. 4.4.2. August Storck KG

      3. 4.4.3. Barry callebaut AG

      4. 4.4.4. Cargill Incorporated

      5. 4.4.5. Chocoladefabriken Lindt & Sprüngli AG

      6. 4.4.6. Ferrero International SA

      7. 4.4.7. ITC Limited

      8. 4.4.8. Lotte Corporation

      9. 4.4.9. Mars Incorporated

      10. 4.4.10. Meiji Holdings Company Ltd

      11. 4.4.11. Mondelēz International Inc.

      12. 4.4.12. Morinaga & Co. Ltd

      13. 4.4.13. Nestlé SA

      14. 4.4.14. The Hershey Company

      15. 4.4.15. Yıldız Holding AS

  7. 5. KEY STRATEGIC QUESTIONS FOR CONFECTIONERY CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, GLOBAL, 2018 - 2030
  1. Figure 2:  
  2. VALUE OF CHOCOLATE MARKET, USD, GLOBAL, 2018 - 2030
  1. Figure 3:  
  2. VOLUME OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, METRIC TONNES, GLOBAL, 2018 - 2030
  1. Figure 4:  
  2. VALUE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, USD, GLOBAL, 2018 - 2030
  1. Figure 5:  
  2. VOLUME SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, %, GLOBAL, 2018 VS 2024 VS 2030
  1. Figure 6:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, %, GLOBAL, 2018 VS 2024 VS 2030
  1. Figure 7:  
  2. VOLUME OF DARK CHOCOLATE MARKET, METRIC TONNES, GLOBAL, 2018 - 2030
  1. Figure 8:  
  2. VALUE OF DARK CHOCOLATE MARKET, USD, GLOBAL, 2018 - 2030
  1. Figure 9:  
  2. VALUE SHARE OF DARK CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, GLOBAL, 2023 VS 2030
  1. Figure 10:  
  2. VOLUME OF MILK AND WHITE CHOCOLATE MARKET, METRIC TONNES, GLOBAL, 2018 - 2030
  1. Figure 11:  
  2. VALUE OF MILK AND WHITE CHOCOLATE MARKET, USD, GLOBAL, 2018 - 2030
  1. Figure 12:  
  2. VALUE SHARE OF MILK AND WHITE CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, GLOBAL, 2023 VS 2030
  1. Figure 13:  
  2. VOLUME OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, GLOBAL, 2018 - 2030
  1. Figure 14:  
  2. VALUE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2018 - 2030
  1. Figure 15:  
  2. VOLUME SHARE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, GLOBAL, 2018 VS 2024 VS 2030
  1. Figure 16:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, GLOBAL, 2018 VS 2024 VS 2030
  1. Figure 17:  
  2. VOLUME OF CHOCOLATE MARKET SOLD VIA CONVENIENCE STORE, METRIC TONNES, GLOBAL, 2018 - 2030
  1. Figure 18:  
  2. VALUE OF CHOCOLATE MARKET SOLD VIA CONVENIENCE STORE, USD, GLOBAL, 2018 - 2030
  1. Figure 19:  
  2. VALUE SHARE OF CHOCOLATE MARKET SOLD VIA CONVENIENCE STORE BY CONFECTIONERY VARIANTS, %, GLOBAL, 2023 VS 2030
  1. Figure 20:  
  2. VOLUME OF CHOCOLATE MARKET SOLD VIA ONLINE RETAIL STORE, METRIC TONNES, GLOBAL, 2018 - 2030
  1. Figure 21:  
  2. VALUE OF CHOCOLATE MARKET SOLD VIA ONLINE RETAIL STORE, USD, GLOBAL, 2018 - 2030
  1. Figure 22:  
  2. VALUE SHARE OF CHOCOLATE MARKET SOLD VIA ONLINE RETAIL STORE BY CONFECTIONERY VARIANTS, %, GLOBAL, 2023 VS 2030
  1. Figure 23:  
  2. VOLUME OF CHOCOLATE MARKET SOLD VIA SUPERMARKET/HYPERMARKET, METRIC TONNES, GLOBAL, 2018 - 2030
  1. Figure 24:  
  2. VALUE OF CHOCOLATE MARKET SOLD VIA SUPERMARKET/HYPERMARKET, USD, GLOBAL, 2018 - 2030
  1. Figure 25:  
  2. VALUE SHARE OF CHOCOLATE MARKET SOLD VIA SUPERMARKET/HYPERMARKET BY CONFECTIONERY VARIANTS, %, GLOBAL, 2023 VS 2030
  1. Figure 26:  
  2. VOLUME OF CHOCOLATE MARKET SOLD VIA OTHERS, METRIC TONNES, GLOBAL, 2018 - 2030
  1. Figure 27:  
  2. VALUE OF CHOCOLATE MARKET SOLD VIA OTHERS, USD, GLOBAL, 2018 - 2030
  1. Figure 28:  
  2. VALUE SHARE OF CHOCOLATE MARKET SOLD VIA OTHERS BY CONFECTIONERY VARIANTS, %, GLOBAL, 2023 VS 2030
  1. Figure 29:  
  2. VOLUME OF CHOCOLATE MARKET BY REGION, METRIC TONNES, GLOBAL, 2018 - 2030
  1. Figure 30:  
  2. VALUE OF CHOCOLATE MARKET BY REGION, USD, GLOBAL, 2018 - 2030
  1. Figure 31:  
  2. VOLUME SHARE OF CHOCOLATE MARKET BY REGION, %, GLOBAL, 2018 VS 2024 VS 2030
  1. Figure 32:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY REGION, %, GLOBAL, 2018 VS 2024 VS 2030
  1. Figure 33:  
  2. VOLUME OF CHOCOLATE MARKET BY COUNTRY, METRIC TONNES, AFRICA, 2018 - 2030
  1. Figure 34:  
  2. VALUE OF CHOCOLATE MARKET BY COUNTRY, USD, AFRICA, 2018 - 2030
  1. Figure 35:  
  2. VOLUME SHARE OF CHOCOLATE MARKET BY COUNTRY, %, AFRICA, 2018 VS 2024 VS 2030
  1. Figure 36:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY COUNTRY, %, AFRICA, 2018 VS 2024 VS 2030
  1. Figure 37:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, EGYPT, 2018 - 2030
  1. Figure 38:  
  2. VALUE OF CHOCOLATE MARKET, USD, EGYPT, 2018 - 2030
  1. Figure 39:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, EGYPT, 2023 VS 2030
  1. Figure 40:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, NIGERIA, 2018 - 2030
  1. Figure 41:  
  2. VALUE OF CHOCOLATE MARKET, USD, NIGERIA, 2018 - 2030
  1. Figure 42:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, NIGERIA, 2023 VS 2030
  1. Figure 43:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, SOUTH AFRICA, 2018 - 2030
  1. Figure 44:  
  2. VALUE OF CHOCOLATE MARKET, USD, SOUTH AFRICA, 2018 - 2030
  1. Figure 45:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, SOUTH AFRICA, 2023 VS 2030
  1. Figure 46:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, REST OF AFRICA, 2018 - 2030
  1. Figure 47:  
  2. VALUE OF CHOCOLATE MARKET, USD, REST OF AFRICA, 2018 - 2030
  1. Figure 48:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, REST OF AFRICA, 2023 VS 2030
  1. Figure 49:  
  2. VOLUME OF CHOCOLATE MARKET BY COUNTRY, METRIC TONNES, ASIA-PACIFIC, 2018 - 2030
  1. Figure 50:  
  2. VALUE OF CHOCOLATE MARKET BY COUNTRY, USD, ASIA-PACIFIC, 2018 - 2030
  1. Figure 51:  
  2. VOLUME SHARE OF CHOCOLATE MARKET BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2024 VS 2030
  1. Figure 52:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2024 VS 2030
  1. Figure 53:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, AUSTRALIA, 2018 - 2030
  1. Figure 54:  
  2. VALUE OF CHOCOLATE MARKET, USD, AUSTRALIA, 2018 - 2030
  1. Figure 55:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, AUSTRALIA, 2023 VS 2030
  1. Figure 56:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, CHINA, 2018 - 2030
  1. Figure 57:  
  2. VALUE OF CHOCOLATE MARKET, USD, CHINA, 2018 - 2030
  1. Figure 58:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, CHINA, 2023 VS 2030
  1. Figure 59:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, INDIA, 2018 - 2030
  1. Figure 60:  
  2. VALUE OF CHOCOLATE MARKET, USD, INDIA, 2018 - 2030
  1. Figure 61:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, INDIA, 2023 VS 2030
  1. Figure 62:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, INDONESIA, 2018 - 2030
  1. Figure 63:  
  2. VALUE OF CHOCOLATE MARKET, USD, INDONESIA, 2018 - 2030
  1. Figure 64:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, INDONESIA, 2023 VS 2030
  1. Figure 65:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, JAPAN, 2018 - 2030
  1. Figure 66:  
  2. VALUE OF CHOCOLATE MARKET, USD, JAPAN, 2018 - 2030
  1. Figure 67:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, JAPAN, 2023 VS 2030
  1. Figure 68:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, MALAYSIA, 2018 - 2030
  1. Figure 69:  
  2. VALUE OF CHOCOLATE MARKET, USD, MALAYSIA, 2018 - 2030
  1. Figure 70:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, MALAYSIA, 2023 VS 2030
  1. Figure 71:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, NEW ZEALAND, 2018 - 2030
  1. Figure 72:  
  2. VALUE OF CHOCOLATE MARKET, USD, NEW ZEALAND, 2018 - 2030
  1. Figure 73:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, NEW ZEALAND, 2023 VS 2030
  1. Figure 74:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, SOUTH KOREA, 2018 - 2030
  1. Figure 75:  
  2. VALUE OF CHOCOLATE MARKET, USD, SOUTH KOREA, 2018 - 2030
  1. Figure 76:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, SOUTH KOREA, 2023 VS 2030
  1. Figure 77:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, REST OF ASIA-PACIFIC, 2018 - 2030
  1. Figure 78:  
  2. VALUE OF CHOCOLATE MARKET, USD, REST OF ASIA-PACIFIC, 2018 - 2030
  1. Figure 79:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, REST OF ASIA-PACIFIC, 2023 VS 2030
  1. Figure 80:  
  2. VOLUME OF CHOCOLATE MARKET BY COUNTRY, METRIC TONNES, EUROPE, 2018 - 2030
  1. Figure 81:  
  2. VALUE OF CHOCOLATE MARKET BY COUNTRY, USD, EUROPE, 2018 - 2030
  1. Figure 82:  
  2. VOLUME SHARE OF CHOCOLATE MARKET BY COUNTRY, %, EUROPE, 2018 VS 2024 VS 2030
  1. Figure 83:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY COUNTRY, %, EUROPE, 2018 VS 2024 VS 2030
  1. Figure 84:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, BELGIUM, 2018 - 2030
  1. Figure 85:  
  2. VALUE OF CHOCOLATE MARKET, USD, BELGIUM, 2018 - 2030
  1. Figure 86:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, BELGIUM, 2023 VS 2030
  1. Figure 87:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, FRANCE, 2018 - 2030
  1. Figure 88:  
  2. VALUE OF CHOCOLATE MARKET, USD, FRANCE, 2018 - 2030
  1. Figure 89:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, FRANCE, 2023 VS 2030
  1. Figure 90:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, GERMANY, 2018 - 2030
  1. Figure 91:  
  2. VALUE OF CHOCOLATE MARKET, USD, GERMANY, 2018 - 2030
  1. Figure 92:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, GERMANY, 2023 VS 2030
  1. Figure 93:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, ITALY, 2018 - 2030
  1. Figure 94:  
  2. VALUE OF CHOCOLATE MARKET, USD, ITALY, 2018 - 2030
  1. Figure 95:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, ITALY, 2023 VS 2030
  1. Figure 96:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, NETHERLANDS, 2018 - 2030
  1. Figure 97:  
  2. VALUE OF CHOCOLATE MARKET, USD, NETHERLANDS, 2018 - 2030
  1. Figure 98:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, NETHERLANDS, 2023 VS 2030
  1. Figure 99:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, RUSSIA, 2018 - 2030
  1. Figure 100:  
  2. VALUE OF CHOCOLATE MARKET, USD, RUSSIA, 2018 - 2030
  1. Figure 101:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, RUSSIA, 2023 VS 2030
  1. Figure 102:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, SPAIN, 2018 - 2030
  1. Figure 103:  
  2. VALUE OF CHOCOLATE MARKET, USD, SPAIN, 2018 - 2030
  1. Figure 104:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, SPAIN, 2023 VS 2030
  1. Figure 105:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, SWITZERLAND, 2018 - 2030
  1. Figure 106:  
  2. VALUE OF CHOCOLATE MARKET, USD, SWITZERLAND, 2018 - 2030
  1. Figure 107:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, SWITZERLAND, 2023 VS 2030
  1. Figure 108:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, TURKEY, 2018 - 2030
  1. Figure 109:  
  2. VALUE OF CHOCOLATE MARKET, USD, TURKEY, 2018 - 2030
  1. Figure 110:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, TURKEY, 2023 VS 2030
  1. Figure 111:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, UNITED KINGDOM, 2018 - 2030
  1. Figure 112:  
  2. VALUE OF CHOCOLATE MARKET, USD, UNITED KINGDOM, 2018 - 2030
  1. Figure 113:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, UNITED KINGDOM, 2023 VS 2030
  1. Figure 114:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, REST OF EUROPE, 2018 - 2030
  1. Figure 115:  
  2. VALUE OF CHOCOLATE MARKET, USD, REST OF EUROPE, 2018 - 2030
  1. Figure 116:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, REST OF EUROPE, 2023 VS 2030
  1. Figure 117:  
  2. VOLUME OF CHOCOLATE MARKET BY COUNTRY, METRIC TONNES, MIDDLE EAST, 2018 - 2030
  1. Figure 118:  
  2. VALUE OF CHOCOLATE MARKET BY COUNTRY, USD, MIDDLE EAST, 2018 - 2030
  1. Figure 119:  
  2. VOLUME SHARE OF CHOCOLATE MARKET BY COUNTRY, %, MIDDLE EAST, 2018 VS 2024 VS 2030
  1. Figure 120:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY COUNTRY, %, MIDDLE EAST, 2018 VS 2024 VS 2030
  1. Figure 121:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, BAHRAIN, 2018 - 2030
  1. Figure 122:  
  2. VALUE OF CHOCOLATE MARKET, USD, BAHRAIN, 2018 - 2030
  1. Figure 123:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, BAHRAIN, 2023 VS 2030
  1. Figure 124:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, KUWAIT, 2018 - 2030
  1. Figure 125:  
  2. VALUE OF CHOCOLATE MARKET, USD, KUWAIT, 2018 - 2030
  1. Figure 126:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, KUWAIT, 2023 VS 2030
  1. Figure 127:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, OMAN, 2018 - 2030
  1. Figure 128:  
  2. VALUE OF CHOCOLATE MARKET, USD, OMAN, 2018 - 2030
  1. Figure 129:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, OMAN, 2023 VS 2030
  1. Figure 130:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, QATAR, 2018 - 2030
  1. Figure 131:  
  2. VALUE OF CHOCOLATE MARKET, USD, QATAR, 2018 - 2030
  1. Figure 132:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, QATAR, 2023 VS 2030
  1. Figure 133:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, SAUDI ARABIA, 2018 - 2030
  1. Figure 134:  
  2. VALUE OF CHOCOLATE MARKET, USD, SAUDI ARABIA, 2018 - 2030
  1. Figure 135:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, SAUDI ARABIA, 2023 VS 2030
  1. Figure 136:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, UNITED ARAB EMIRATES, 2018 - 2030
  1. Figure 137:  
  2. VALUE OF CHOCOLATE MARKET, USD, UNITED ARAB EMIRATES, 2018 - 2030
  1. Figure 138:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, UNITED ARAB EMIRATES, 2023 VS 2030
  1. Figure 139:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, REST OF MIDDLE EAST, 2018 - 2030
  1. Figure 140:  
  2. VALUE OF CHOCOLATE MARKET, USD, REST OF MIDDLE EAST, 2018 - 2030
  1. Figure 141:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, REST OF MIDDLE EAST, 2023 VS 2030
  1. Figure 142:  
  2. VOLUME OF CHOCOLATE MARKET BY COUNTRY, METRIC TONNES, NORTH AMERICA, 2018 - 2030
  1. Figure 143:  
  2. VALUE OF CHOCOLATE MARKET BY COUNTRY, USD, NORTH AMERICA, 2018 - 2030
  1. Figure 144:  
  2. VOLUME SHARE OF CHOCOLATE MARKET BY COUNTRY, %, NORTH AMERICA, 2018 VS 2024 VS 2030
  1. Figure 145:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY COUNTRY, %, NORTH AMERICA, 2018 VS 2024 VS 2030
  1. Figure 146:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, CANADA, 2018 - 2030
  1. Figure 147:  
  2. VALUE OF CHOCOLATE MARKET, USD, CANADA, 2018 - 2030
  1. Figure 148:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, CANADA, 2023 VS 2030
  1. Figure 149:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, MEXICO, 2018 - 2030
  1. Figure 150:  
  2. VALUE OF CHOCOLATE MARKET, USD, MEXICO, 2018 - 2030
  1. Figure 151:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, MEXICO, 2023 VS 2030
  1. Figure 152:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, UNITED STATES, 2018 - 2030
  1. Figure 153:  
  2. VALUE OF CHOCOLATE MARKET, USD, UNITED STATES, 2018 - 2030
  1. Figure 154:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, UNITED STATES, 2023 VS 2030
  1. Figure 155:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, REST OF NORTH AMERICA, 2018 - 2030
  1. Figure 156:  
  2. VALUE OF CHOCOLATE MARKET, USD, REST OF NORTH AMERICA, 2018 - 2030
  1. Figure 157:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, REST OF NORTH AMERICA, 2023 VS 2030
  1. Figure 158:  
  2. VOLUME OF CHOCOLATE MARKET BY COUNTRY, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
  1. Figure 159:  
  2. VALUE OF CHOCOLATE MARKET BY COUNTRY, USD, SOUTH AMERICA, 2018 - 2030
  1. Figure 160:  
  2. VOLUME SHARE OF CHOCOLATE MARKET BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
  1. Figure 161:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
  1. Figure 162:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, ARGENTINA, 2018 - 2030
  1. Figure 163:  
  2. VALUE OF CHOCOLATE MARKET, USD, ARGENTINA, 2018 - 2030
  1. Figure 164:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, ARGENTINA, 2023 VS 2030
  1. Figure 165:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, BRAZIL, 2018 - 2030
  1. Figure 166:  
  2. VALUE OF CHOCOLATE MARKET, USD, BRAZIL, 2018 - 2030
  1. Figure 167:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, BRAZIL, 2023 VS 2030
  1. Figure 168:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, REST OF SOUTH AMERICA, 2018 - 2030
  1. Figure 169:  
  2. VALUE OF CHOCOLATE MARKET, USD, REST OF SOUTH AMERICA, 2018 - 2030
  1. Figure 170:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, REST OF SOUTH AMERICA, 2023 VS 2030
  1. Figure 171:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, GLOBAL, 2018 - 2023
  1. Figure 172:  
  2. MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2018 - 2023
  1. Figure 173:  
  2. VALUE SHARE OF MAJOR PLAYERS, %, GLOBAL, 2022

Chocolate Industry Segmentation

Dark Chocolate, Milk and White Chocolate are covered as segments by Confectionery Variant. Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others are covered as segments by Distribution Channel. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • Supermarkets and hypermarkets are the leading distribution channels for chocolate sales globally. Sales through supermarkets and hypermarkets are anticipated to record a CAGR of 4.67% during the forecast period to reach a market value of USD 60,579.94 million by 2030. Consumer preference for these channels is driven by seasonal offers, discounts on bulk purchases, and access to diversified products through a dedicated section of chocolate products. Due to the large shelf space, these channels allow access to local and international brands.
  • Convenience stores are the second most widely preferred distribution channels after supermarkets and hypermarkets to purchase chocolates. In 2023, the segment had a 30.48% volume share in the overall distribution channels. The broader reach and easy access to private label brands drive the consumer preference for traditional grocery stores over other retail channels. The sales value of chocolates through convenience stores is anticipated to record a CAGR of 4.59% during 2023-2030.
  • The sales value of chocolate confectionery through the online channel is projected to expand at the highest CAGR of 5.72% during 2023-2030, reaching USD 9,393.62 million in 2030. Being the largest chocolate-consuming regions, Europe and North America collectively had a 73.47% share of global chocolate sales through online channels in terms of value in 2023. The increasing number of internet users influences the evolving role of online channels in chocolate confectionery purchases. In 2022, 68% of European consumers aged 16 to 74 bought online goods or services for personal use. ASDA, Tesco, and Sainsbury's are leading online grocery stores in Europe.
Confectionery Variant
Dark Chocolate
Milk and White Chocolate
Distribution Channel
Convenience Store
Online Retail Store
Supermarket/Hypermarket
Others
Region
Africa
By Country
Egypt
Nigeria
South Africa
Rest of Africa
Asia-Pacific
By Country
Australia
China
India
Indonesia
Japan
Malaysia
New Zealand
South Korea
Rest of Asia-Pacific
Europe
By Country
Belgium
France
Germany
Italy
Netherlands
Russia
Spain
Switzerland
Turkey
United Kingdom
Rest of Europe
Middle East
By Country
Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
United Arab Emirates
Rest of Middle East
North America
By Country
Canada
Mexico
United States
Rest of North America
South America
By Country
Argentina
Brazil
Rest of South America
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Market Definition

  • Milk and White Chocolate - Milk chocolates is a solid chocolate made with milk (in the form of either milk powder, liquid milk, or condensed milk) and cocoa solids. White chocolate is made from cocoa butter and milk and contains no cocoa solids whatsoever. The scope includes regular chocolates, low-sugar, and sugar-free variants
  • Toffees & Nougats - Toffees include hard, chewy, and small or one-bite candies marketed with labels as toffee or toffee-like confectionery. Nougat is a chewy confection with almond, sugar, and egg white as a basic ingredient; and it originated in Europe and Middle East countries.
  • Cereals Bars - A snack composed of breakfast cereal that has been compressed into a bar shape and is held together with a form of edible adhesive. The scope includes snack bars made with cereals such as rice, oats, corn, etc. mixed with a binding syrup. These also include products labeled as cereal bars, cereal treat bars, or grain bars.
  • Chewing Gum - This is a preparation for chewing, usually made of flavored and sweetened chicle or such substitutes as polyvinyl acetate. The types of chewing gums included in the scope are sugar-chewing gums and sugar-free chewing gums
Keyword Definition
Dark Chocolate Dark chocolate is a form of chocolate containing cocoa solids and cocoa butter without the milk.
White Chocolate White chocolate is the type of chocolate containing the highest percentage of milk solids, typically around or over 30 percent.
Milk Chocolate Milk chocolate is made from dark chocolate that has a low cocoa solid content and higher sugar content, plus a milk product.
Hard Candy A candy made of sugar and corn syrup boiled without crystallizing.
Toffees A hard, chewy, often brown sweet that is made from sugar boiled with butter.
Nougats A chewy or brittle candy containing almonds or other nuts and sometimes fruit.
Cereal bar A cereal bar is a bar-shaped food product, made by pressing cereals and usually dried fruit or berries, which are in most cases held together by glucose syrup.
Protein bar Protein bars are nutrition bars that contain a high proportion of protein to carbohydrates/fats.
Fruit & Nut bar These are often based on dates with other dried fruit and nut additions and, in some cases, flavorings.
NCA The National Confectioners Association is an American trade organization that promotes chocolate, candy, gum and mints, and the companies that make these treats.
CGMP Current good manufacturing practices are those conforming to the guidelines recommended by relevant agencies.
Unstandardized foods Unstandardized foods are those that do not have a standard of identity or that deviate from a prescribed standard in any manner.
GI The glycemic index (GI) is a way of ranking carbohydrate-containing foods based on how slowly or quickly they are digested and increase blood glucose levels over a period of time
Skimmed milk powder Skimmed milk powder is obtained by removing water from pasteurized skim milk by spray-drying.
Flavanols Flavanols are a group of compounds found in cocoa, tea, apples, and many other plant-based foods and beverages.
WPC Whey protein concentrate- the substance obtained by the removal of sufficient nonprotein constituents from pasteurized whey so that the finished dry product contains greater than 25% protein.
LDL Low density Lipoprotein- the bad cholesterol
HDL High density Lipoprotein- the good cholesterol
BHT butylated Hydroxytoluene is a lab-made chemical that is added to foods as a preservative.
Carrageenan Carrageenan is an additive used to thicken, emulsify, and preserve foods and drinks.
Free form Not containing certain ingredients, such as gluten, dairy, or sugar.
Cocoa butter It is a fatty substance obtained from cocoa beans, used in the manufacture of confectionery.
Pastellies A type of of Brazilian candy made from sugar, eggs, and milk.
Draggees Small, round candies that are coated with a hard sugar shell
CHOPRABISCO Royal Belgian Association of the chocolate, pralines, biscuit, and confectionery industry- A trade association that represents the Belgian chocolate industry.
European Directive 2000/13 A European Union directive that regulates the labeling of food products
Kakao-Verordnung The German chocolate ordinance, a set of regulations that define what can be labeled as "chocolate" in Germany.
FASFC Federal Agency for the Safety of the Food Chain
Pectin A natural substance that is derived from fruits and vegetables. It is used in confectionery to create a gel-like texture.
Invert sugars A type of sugar that is made up of glucose and fructose.
Emulsifier A substance that helps to mix to liquids that does not mix together.
Anthocyanins A type of flavonoid that is responsible for the red, purple, and blue colors of confectionery.
Functional Foods Foods that have been modified to provide additional health benefits beyond basic nutrition.
Kosher certificate This certification verifies that the ingredients, production process including all machinery, and/or food-service process complies with the standards of Jewish dietary law
Chicory root extract A natural extract from the chicory root that is a good source of fiber, calcium, phosphorous, and folate
RDD Recommended daily dose
Gummies A chewy gelatin-based candy that is often flavored with fruit.
Nutraceuticals Food or dietary supplements that are claimed to have health benefits.
Energy bars Snack bars that are high in carbohydrates and calories are designed to provide energy on the go.
BFSO Belgian Food Safety Organization for the food chain.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.​
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.​
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.​
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Chocolate Market Research FAQs

The Global Chocolate Market size is expected to reach USD 109.13 billion in 2024 and grow at a CAGR of 4.87% to reach USD 145.14 billion by 2030.

In 2024, the Global Chocolate Market size is expected to reach USD 109.13 billion.

Ferrero International SA, Mars Incorporated, Mondelēz International Inc., Nestlé SA and The Hershey Company are the major companies operating in the Global Chocolate Market.

In the Global Chocolate Market, the Supermarket/Hypermarket segment accounts for the largest share by distribution channel.

In 2024, Europe accounts for the largest share by region in the Global Chocolate Market.

In 2023, the Global Chocolate Market size was estimated at 109.13 billion. The report covers the Global Chocolate Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Chocolate Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Chocolate Industry Report

Statistics for the 2023 Chocolate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chocolate analysis includes a market forecast outlook to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Chocolate Market Report Snapshots

Chocolate Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030