Chocolates are considered the most preferred confectionery items consumed globally. People of all age groups are very much attracted to the consumption of chocolates. The introduction of various innovations in chocolate concerning taste, flavor, ingredients, quantity, along with the increase in per capita income in countries like China & India has increased the demand for chocolates. In consideration of global consumption, countries like Switzerland, Ireland, United Kingdom, Germany, and Sweden top the list. The market is being segmented into regions like North America, Europe, Asia Pacific, South America, and the Middle East. Out of all regions, the European market poses as the prominent market, while the United States and Germany is the largest revenue generator and Switzerland is the largest chocolate exporters. The advertising and branding activities have played an important role in changing the perception of customers from viewing chocolate as just a kid’s dessert to a premium gifting option.
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The report titled “Global Chocolate Market Outlook 2026” shows a detailed overview into the Chocolate industry globally. Chocolate is a delight in its every bite. It is loved by the consumers, irrespective of their age, but most commonly by youngsters. Nowadays Chocolate, as a medium is used to display emotions, like love, respect, friendship. With the advent of new flavors, textures, tastes, traditional sweets are being replaced by chocolates. Global Chocolate Market is anticipated to hit the market size of above USD 169 Billion by end of the forecasted period of 2026. Europe is consistently being the top revenue generator. Branding and packaging play a pivotal role in targeting consumers. Germany was the largest chocolate exporter, while Switzerland was the biggest market for chocolate consumption in 2020.
North America chocolate market is expected to cross the market size of USD 39 Billion by the forecasted period of 2026. United States is the top revenue generator with highest market capture. Branding and packaging play a pivotal role in targeting consumers. United States exported approximately 144 million kg of chocolates to Canada. Pennsylvania produces the highest chocolates in this region. Annual holidays like Easter, Christmas, Halloween, and Valentine’s Day among others are the days when there is a steep rise in demand for chocolates.
The report titled “Asia Pacific Chocolate Market Outlook 2026” shows a detailed overview into the Chocolate industry in Asia Pacific. Chocolate is a delight in its every bite. It is loved by the consumers, irrespective of their age, but most commonly by youngsters. Chocolates are not considered essential products and hence its demand is less in Asia Pacific region. The increasing demand for ethically harvested cocoa and cocoa sourced from a single plantation is driving the growth of the premium chocolate segment. India is the fastest growing chocolate market in this region. The dark chocolate market of Asia Pacific is 3rd largest market at a global level. Asia-Pacific chocolate market is expected to grow with the CAGR of more than 8% by end of the forecasted period of 2026.
According to the report “Europe Chocolate Market Outlook, 2026″ published by Bonafide Research, the market have grown historically with the CAGR of around 4.76% till the year 2020. Germany was the largest exporter and revenue generator in 2020. Europe chocolate is segmented as Milk Chocolate, Dark Chocolate and White Chocolate. The producers are constantly adopting new ingredients like, cocoa butter, nuts, bourbon vanilla to bring out new variants in the market to lure consumers.
Latin America chocolate market will pose a strong growth and cross the CAGR of more than 7% by 2026. Brazil has almost 50% of the market capture in this region. It is believed the cocoa beans grew on trees on sloped of Andes Mountains in this region some 100 million years ago. Ecuador in Latin America is home to world’s best chocolates. Branding and packaging play a pivotal role in targeting consumers. The increasing demand for ethically harvested cocoa and cocoa sourced from a single plantation is driving the growth of the premium chocolate segment. Annual holidays like Christmas, Easter, Halloween and Valentine’s Day among others are the days when there is a steep rise in demand for chocolates.
Middle East and Africa chocolate market is foreseen to grow with the CAGR of more than 9% by 2026. South Africa produces 70% of worlds cocoa beans used to make chocolate. Ivory Coast, Ghana, Nigeria, Cameroon regions produce cocoa beans. In spite of producing the most cocoa beans of world, South Africa remains poor country due to differences in earnings of farmers who earn a mere amount of 50 Rand a day as compared to chocolate manufacturers earning dollar 390 million a year in profit. Saudi Arabia is the highest revenue generator in this region. Followed by South Africa and least by Israel.
The purchase preferences also depend on the type of chocolate, which is segmented into the categories of milk chocolates, dark chocolates, and white chocolates. As the time changes, consumer preference towards chocolate has shifted from milk chocolates to dark chocolates.
Leading Companies in the chocolate market:
Ferrero SPA, Group Arcor, Theo Chocolate, Kellogg Company, Cacau show, La Maison du Chocolat, Ezaki Glico Co, Meiji Holdings Co. Ltd, Lindt and Sprüngli AG, Mars Incorporated, Mondelez International, Morinaga & Co. Ltd, Hershey Company, Nestle S.A, Thorntons, Patchi, August Storck KG, Barry Callebaut, Godiva choclatier, Stella Bernrain Blommer Chocolates Company, Confiserie Leonidas, Mary’s Chocolate, Lotte Confectionery, United Confectionery manufacturers, Cemoi Group, France Neuhaus, Belgium, Brookside Chocolates
Considered in this report
• Geography: Global
• Base year: 2020
• Estimated year: 2021
• Forecast year: 2026
Aspects covered in this report
• Global chocolate market with its value and forecast along with its segments
• Region-wise chocolate market analysis
• Various divers and challenges
• Ongoing trends and developments
• Five force models
• Top profiled companies
• Strategic recommendation
Regions covered in the report
• North America
• South America
• Middle-East & Africa
Types of chocolates in the report
• Milk chocolate
• Dark chocolate
• White chocolate
Table of Contents
1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considerate
4. Global Chocolate Market Outlook
4.1. Market Size by Value
4.2. Market Share
4.2.1. By Type
4.2.2. By Application
4.2.3. By Sales Channel
4.2.4. By Region
4.2.5. By Country
4.2.6. By Company
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