How big is the Global Chocolate Market?

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. Read More

What is the current Global Chocolate Market size?

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

Who are the key players in Global Chocolate Market?

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

Which segment has the biggest share in the Global Chocolate Market?

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

Which region has the biggest share in the Global Chocolate Market?

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

What years does this Global Chocolate Market cover, and what was the market size in 2023?

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. Read More

Chocolate Market Report | Industry Analysis, Size & Forecast

Chocolate Market Size

	Study Period	2018 - 2030
	Market Size (2024)	USD 109.13 Billion
	Market Size (2030)	USD 145.14 Billion
	Largest Share by Distribution Channel	Supermarket/Hypermarket
	CAGR (2024 - 2030)	4.87 %
	Largest Share by Region	Europe
	Market Concentration	Medium
Major Players

*Disclaimer: Major Players sorted in no particular order

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Major 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).

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

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

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

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

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

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.

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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

Ferrero International SA
Mars Incorporated
Mondelēz International Inc.
Nestlé SA
The Hershey Company

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.

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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 Report - Table of Contents

EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1. 1.1. Study Assumptions & Market Definition
2. 1.2. Scope of the Study
3. 1.3. Research Methodology
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
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
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
5. KEY STRATEGIC QUESTIONS FOR CONFECTIONERY CEOS
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

Figure 1:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, GLOBAL, 2018 - 2030

Figure 2:
VALUE OF CHOCOLATE MARKET, USD, GLOBAL, 2018 - 2030

Figure 3:
VOLUME OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, METRIC TONNES, GLOBAL, 2018 - 2030

Figure 4:
VALUE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, USD, GLOBAL, 2018 - 2030

Figure 5:
VOLUME SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, %, GLOBAL, 2018 VS 2024 VS 2030

Figure 6:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, %, GLOBAL, 2018 VS 2024 VS 2030

Figure 7:
VOLUME OF DARK CHOCOLATE MARKET, METRIC TONNES, GLOBAL, 2018 - 2030

Figure 8:
VALUE OF DARK CHOCOLATE MARKET, USD, GLOBAL, 2018 - 2030

Figure 9:
VALUE SHARE OF DARK CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, GLOBAL, 2023 VS 2030

Figure 10:
VOLUME OF MILK AND WHITE CHOCOLATE MARKET, METRIC TONNES, GLOBAL, 2018 - 2030

Figure 11:
VALUE OF MILK AND WHITE CHOCOLATE MARKET, USD, GLOBAL, 2018 - 2030

Figure 12:
VALUE SHARE OF MILK AND WHITE CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, GLOBAL, 2023 VS 2030

Figure 13:
VOLUME OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, GLOBAL, 2018 - 2030

Figure 14:
VALUE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, USD, GLOBAL, 2018 - 2030

Figure 15:
VOLUME SHARE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, GLOBAL, 2018 VS 2024 VS 2030

Figure 16:
VALUE SHARE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, GLOBAL, 2018 VS 2024 VS 2030

Figure 17:
VOLUME OF CHOCOLATE MARKET SOLD VIA CONVENIENCE STORE, METRIC TONNES, GLOBAL, 2018 - 2030

Figure 18:
VALUE OF CHOCOLATE MARKET SOLD VIA CONVENIENCE STORE, USD, GLOBAL, 2018 - 2030

Figure 19:
VALUE SHARE OF CHOCOLATE MARKET SOLD VIA CONVENIENCE STORE BY CONFECTIONERY VARIANTS, %, GLOBAL, 2023 VS 2030

Figure 20:
VOLUME OF CHOCOLATE MARKET SOLD VIA ONLINE RETAIL STORE, METRIC TONNES, GLOBAL, 2018 - 2030

Figure 21:
VALUE OF CHOCOLATE MARKET SOLD VIA ONLINE RETAIL STORE, USD, GLOBAL, 2018 - 2030

Figure 22:
VALUE SHARE OF CHOCOLATE MARKET SOLD VIA ONLINE RETAIL STORE BY CONFECTIONERY VARIANTS, %, GLOBAL, 2023 VS 2030

Figure 23:
VOLUME OF CHOCOLATE MARKET SOLD VIA SUPERMARKET/HYPERMARKET, METRIC TONNES, GLOBAL, 2018 - 2030

Figure 24:
VALUE OF CHOCOLATE MARKET SOLD VIA SUPERMARKET/HYPERMARKET, USD, GLOBAL, 2018 - 2030

Figure 25:
VALUE SHARE OF CHOCOLATE MARKET SOLD VIA SUPERMARKET/HYPERMARKET BY CONFECTIONERY VARIANTS, %, GLOBAL, 2023 VS 2030

Figure 26:
VOLUME OF CHOCOLATE MARKET SOLD VIA OTHERS, METRIC TONNES, GLOBAL, 2018 - 2030

Figure 27:
VALUE OF CHOCOLATE MARKET SOLD VIA OTHERS, USD, GLOBAL, 2018 - 2030

Figure 28:
VALUE SHARE OF CHOCOLATE MARKET SOLD VIA OTHERS BY CONFECTIONERY VARIANTS, %, GLOBAL, 2023 VS 2030

Figure 29:
VOLUME OF CHOCOLATE MARKET BY REGION, METRIC TONNES, GLOBAL, 2018 - 2030

Figure 30:
VALUE OF CHOCOLATE MARKET BY REGION, USD, GLOBAL, 2018 - 2030

Figure 31:
VOLUME SHARE OF CHOCOLATE MARKET BY REGION, %, GLOBAL, 2018 VS 2024 VS 2030

Figure 32:
VALUE SHARE OF CHOCOLATE MARKET BY REGION, %, GLOBAL, 2018 VS 2024 VS 2030

Figure 33:
VOLUME OF CHOCOLATE MARKET BY COUNTRY, METRIC TONNES, AFRICA, 2018 - 2030

Figure 34:
VALUE OF CHOCOLATE MARKET BY COUNTRY, USD, AFRICA, 2018 - 2030

Figure 35:
VOLUME SHARE OF CHOCOLATE MARKET BY COUNTRY, %, AFRICA, 2018 VS 2024 VS 2030

Figure 36:
VALUE SHARE OF CHOCOLATE MARKET BY COUNTRY, %, AFRICA, 2018 VS 2024 VS 2030

Figure 37:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, EGYPT, 2018 - 2030

Figure 38:
VALUE OF CHOCOLATE MARKET, USD, EGYPT, 2018 - 2030

Figure 39:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, EGYPT, 2023 VS 2030

Figure 40:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, NIGERIA, 2018 - 2030

Figure 41:
VALUE OF CHOCOLATE MARKET, USD, NIGERIA, 2018 - 2030

Figure 42:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, NIGERIA, 2023 VS 2030

Figure 43:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, SOUTH AFRICA, 2018 - 2030

Figure 44:
VALUE OF CHOCOLATE MARKET, USD, SOUTH AFRICA, 2018 - 2030

Figure 45:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, SOUTH AFRICA, 2023 VS 2030

Figure 46:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, REST OF AFRICA, 2018 - 2030

Figure 47:
VALUE OF CHOCOLATE MARKET, USD, REST OF AFRICA, 2018 - 2030

Figure 48:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, REST OF AFRICA, 2023 VS 2030

Figure 49:
VOLUME OF CHOCOLATE MARKET BY COUNTRY, METRIC TONNES, ASIA-PACIFIC, 2018 - 2030

Figure 50:
VALUE OF CHOCOLATE MARKET BY COUNTRY, USD, ASIA-PACIFIC, 2018 - 2030

Figure 51:
VOLUME SHARE OF CHOCOLATE MARKET BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2024 VS 2030

Figure 52:
VALUE SHARE OF CHOCOLATE MARKET BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2024 VS 2030

Figure 53:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, AUSTRALIA, 2018 - 2030

Figure 54:
VALUE OF CHOCOLATE MARKET, USD, AUSTRALIA, 2018 - 2030

Figure 55:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, AUSTRALIA, 2023 VS 2030

Figure 56:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, CHINA, 2018 - 2030

Figure 57:
VALUE OF CHOCOLATE MARKET, USD, CHINA, 2018 - 2030

Figure 58:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, CHINA, 2023 VS 2030

Figure 59:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, INDIA, 2018 - 2030

Figure 60:
VALUE OF CHOCOLATE MARKET, USD, INDIA, 2018 - 2030

Figure 61:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, INDIA, 2023 VS 2030

Figure 62:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, INDONESIA, 2018 - 2030

Figure 63:
VALUE OF CHOCOLATE MARKET, USD, INDONESIA, 2018 - 2030

Figure 64:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, INDONESIA, 2023 VS 2030

Figure 65:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, JAPAN, 2018 - 2030

Figure 66:
VALUE OF CHOCOLATE MARKET, USD, JAPAN, 2018 - 2030

Figure 67:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, JAPAN, 2023 VS 2030

Figure 68:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, MALAYSIA, 2018 - 2030

Figure 69:
VALUE OF CHOCOLATE MARKET, USD, MALAYSIA, 2018 - 2030

Figure 70:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, MALAYSIA, 2023 VS 2030

Figure 71:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, NEW ZEALAND, 2018 - 2030

Figure 72:
VALUE OF CHOCOLATE MARKET, USD, NEW ZEALAND, 2018 - 2030

Figure 73:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, NEW ZEALAND, 2023 VS 2030

Figure 74:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, SOUTH KOREA, 2018 - 2030

Figure 75:
VALUE OF CHOCOLATE MARKET, USD, SOUTH KOREA, 2018 - 2030

Figure 76:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, SOUTH KOREA, 2023 VS 2030

Figure 77:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, REST OF ASIA-PACIFIC, 2018 - 2030

Figure 78:
VALUE OF CHOCOLATE MARKET, USD, REST OF ASIA-PACIFIC, 2018 - 2030

Figure 79:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, REST OF ASIA-PACIFIC, 2023 VS 2030

Figure 80:
VOLUME OF CHOCOLATE MARKET BY COUNTRY, METRIC TONNES, EUROPE, 2018 - 2030

Figure 81:
VALUE OF CHOCOLATE MARKET BY COUNTRY, USD, EUROPE, 2018 - 2030

Figure 82:
VOLUME SHARE OF CHOCOLATE MARKET BY COUNTRY, %, EUROPE, 2018 VS 2024 VS 2030

Figure 83:
VALUE SHARE OF CHOCOLATE MARKET BY COUNTRY, %, EUROPE, 2018 VS 2024 VS 2030

Figure 84:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, BELGIUM, 2018 - 2030

Figure 85:
VALUE OF CHOCOLATE MARKET, USD, BELGIUM, 2018 - 2030

Figure 86:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, BELGIUM, 2023 VS 2030

Figure 87:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, FRANCE, 2018 - 2030

Figure 88:
VALUE OF CHOCOLATE MARKET, USD, FRANCE, 2018 - 2030

Figure 89:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, FRANCE, 2023 VS 2030

Figure 90:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, GERMANY, 2018 - 2030

Figure 91:
VALUE OF CHOCOLATE MARKET, USD, GERMANY, 2018 - 2030

Figure 92:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, GERMANY, 2023 VS 2030

Figure 93:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, ITALY, 2018 - 2030

Figure 94:
VALUE OF CHOCOLATE MARKET, USD, ITALY, 2018 - 2030

Figure 95:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, ITALY, 2023 VS 2030

Figure 96:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, NETHERLANDS, 2018 - 2030

Figure 97:
VALUE OF CHOCOLATE MARKET, USD, NETHERLANDS, 2018 - 2030

Figure 98:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, NETHERLANDS, 2023 VS 2030

Figure 99:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, RUSSIA, 2018 - 2030

Figure 100:
VALUE OF CHOCOLATE MARKET, USD, RUSSIA, 2018 - 2030

Figure 101:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, RUSSIA, 2023 VS 2030

Figure 102:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, SPAIN, 2018 - 2030

Figure 103:
VALUE OF CHOCOLATE MARKET, USD, SPAIN, 2018 - 2030

Figure 104:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, SPAIN, 2023 VS 2030

Figure 105:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, SWITZERLAND, 2018 - 2030

Figure 106:
VALUE OF CHOCOLATE MARKET, USD, SWITZERLAND, 2018 - 2030

Figure 107:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, SWITZERLAND, 2023 VS 2030

Figure 108:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, TURKEY, 2018 - 2030

Figure 109:
VALUE OF CHOCOLATE MARKET, USD, TURKEY, 2018 - 2030

Figure 110:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, TURKEY, 2023 VS 2030

Figure 111:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, UNITED KINGDOM, 2018 - 2030

Figure 112:
VALUE OF CHOCOLATE MARKET, USD, UNITED KINGDOM, 2018 - 2030

Figure 113:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, UNITED KINGDOM, 2023 VS 2030

Figure 114:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, REST OF EUROPE, 2018 - 2030

Figure 115:
VALUE OF CHOCOLATE MARKET, USD, REST OF EUROPE, 2018 - 2030

Figure 116:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, REST OF EUROPE, 2023 VS 2030

Figure 117:
VOLUME OF CHOCOLATE MARKET BY COUNTRY, METRIC TONNES, MIDDLE EAST, 2018 - 2030

Figure 118:
VALUE OF CHOCOLATE MARKET BY COUNTRY, USD, MIDDLE EAST, 2018 - 2030

Figure 119:
VOLUME SHARE OF CHOCOLATE MARKET BY COUNTRY, %, MIDDLE EAST, 2018 VS 2024 VS 2030

Figure 120:
VALUE SHARE OF CHOCOLATE MARKET BY COUNTRY, %, MIDDLE EAST, 2018 VS 2024 VS 2030

Figure 121:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, BAHRAIN, 2018 - 2030

Figure 122:
VALUE OF CHOCOLATE MARKET, USD, BAHRAIN, 2018 - 2030

Figure 123:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, BAHRAIN, 2023 VS 2030

Figure 124:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, KUWAIT, 2018 - 2030

Figure 125:
VALUE OF CHOCOLATE MARKET, USD, KUWAIT, 2018 - 2030

Figure 126:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, KUWAIT, 2023 VS 2030

Figure 127:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, OMAN, 2018 - 2030

Figure 128:
VALUE OF CHOCOLATE MARKET, USD, OMAN, 2018 - 2030

Figure 129:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, OMAN, 2023 VS 2030

Figure 130:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, QATAR, 2018 - 2030

Figure 131:
VALUE OF CHOCOLATE MARKET, USD, QATAR, 2018 - 2030

Figure 132:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, QATAR, 2023 VS 2030

Figure 133:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, SAUDI ARABIA, 2018 - 2030

Figure 134:
VALUE OF CHOCOLATE MARKET, USD, SAUDI ARABIA, 2018 - 2030

Figure 135:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, SAUDI ARABIA, 2023 VS 2030

Figure 136:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, UNITED ARAB EMIRATES, 2018 - 2030

Figure 137:
VALUE OF CHOCOLATE MARKET, USD, UNITED ARAB EMIRATES, 2018 - 2030

Figure 138:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, UNITED ARAB EMIRATES, 2023 VS 2030

Figure 139:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, REST OF MIDDLE EAST, 2018 - 2030

Figure 140:
VALUE OF CHOCOLATE MARKET, USD, REST OF MIDDLE EAST, 2018 - 2030

Figure 141:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, REST OF MIDDLE EAST, 2023 VS 2030

Figure 142:
VOLUME OF CHOCOLATE MARKET BY COUNTRY, METRIC TONNES, NORTH AMERICA, 2018 - 2030

Figure 143:
VALUE OF CHOCOLATE MARKET BY COUNTRY, USD, NORTH AMERICA, 2018 - 2030

Figure 144:
VOLUME SHARE OF CHOCOLATE MARKET BY COUNTRY, %, NORTH AMERICA, 2018 VS 2024 VS 2030

Figure 145:
VALUE SHARE OF CHOCOLATE MARKET BY COUNTRY, %, NORTH AMERICA, 2018 VS 2024 VS 2030

Figure 146:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, CANADA, 2018 - 2030

Figure 147:
VALUE OF CHOCOLATE MARKET, USD, CANADA, 2018 - 2030

Figure 148:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, CANADA, 2023 VS 2030

Figure 149:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, MEXICO, 2018 - 2030

Figure 150:
VALUE OF CHOCOLATE MARKET, USD, MEXICO, 2018 - 2030

Figure 151:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, MEXICO, 2023 VS 2030

Figure 152:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, UNITED STATES, 2018 - 2030

Figure 153:
VALUE OF CHOCOLATE MARKET, USD, UNITED STATES, 2018 - 2030

Figure 154:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, UNITED STATES, 2023 VS 2030

Figure 155:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, REST OF NORTH AMERICA, 2018 - 2030

Figure 156:
VALUE OF CHOCOLATE MARKET, USD, REST OF NORTH AMERICA, 2018 - 2030

Figure 157:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, REST OF NORTH AMERICA, 2023 VS 2030

Figure 158:
VOLUME OF CHOCOLATE MARKET BY COUNTRY, METRIC TONNES, SOUTH AMERICA, 2018 - 2030

Figure 159:
VALUE OF CHOCOLATE MARKET BY COUNTRY, USD, SOUTH AMERICA, 2018 - 2030

Figure 160:
VOLUME SHARE OF CHOCOLATE MARKET BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2024 VS 2030

Figure 161:
VALUE SHARE OF CHOCOLATE MARKET BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2024 VS 2030

Figure 162:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, ARGENTINA, 2018 - 2030

Figure 163:
VALUE OF CHOCOLATE MARKET, USD, ARGENTINA, 2018 - 2030

Figure 164:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, ARGENTINA, 2023 VS 2030

Figure 165:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, BRAZIL, 2018 - 2030

Figure 166:
VALUE OF CHOCOLATE MARKET, USD, BRAZIL, 2018 - 2030

Figure 167:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, BRAZIL, 2023 VS 2030

Figure 168:
VOLUME OF CHOCOLATE MARKET, METRIC TONNES, REST OF SOUTH AMERICA, 2018 - 2030

Figure 169:
VALUE OF CHOCOLATE MARKET, USD, REST OF SOUTH AMERICA, 2018 - 2030

Figure 170:
VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, REST OF SOUTH AMERICA, 2023 VS 2030

Figure 171:
MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, GLOBAL, 2018 - 2023

Figure 172:
MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2018 - 2023

Figure 173:
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