Precision Business Insights has published a report on the global chocolate market, estimating its value at USD 140.4 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/chocolate-market
The chocolate market refers to the global industry involved in the production, distribution, and consumption of chocolate-based products. This market includes various types of chocolates, such as milk, dark, and white chocolate, as well as specialty and premium varieties.
Drivers:
Growing Consumer Demand for Premium and Artisanal Chocolates: Increasing preference for high-quality, ethically sourced chocolates is driving market growth.
Health Benefits of Dark Chocolate: Rising awareness of the antioxidant properties and cardiovascular benefits of dark chocolate is boosting demand
The global chocolate market segmentation:
- By Type: Milk/White Chocolate and Dark Chocolate
- By Distribution Channel: Supermarkets/ Hypermarkets, Specialist Retailers, Convenience Stores, Vending Machines, Online Channel, Variety Stores, and Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the chocolate market by the region. The report covers all regions and countries; North America was the largest and Asia was the fastest-growing region in the chocolate market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Mars Incorporated, Ferrero International SA, Mondalez International, The Hershey Company, Nestle SA, Yıldız Holding, Chocoladenfabriken Lindt & Sprungli AG, Grupo Arcor, Meiji Holdings Co. Ltd, Lake Champlain Chocolates.
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