The global market for Chocolate was valued at US$ 45860 million in the year 2024 and is projected to reach a revised size of US$ 56610 million by 2031, growing at a CAGR of 3.1% during the forecast period.
Chocolate is a globally consumed product made primarily from cocoa beans, which are processed into key ingredients such as cocoa butter, cocoa liquor, and cocoa powder. These ingredients provide chocolate with its distinct taste, texture, and melt-in-the-mouth sensation, making it a favorite in various food applications. Cocoa butter, in particular, is valued for its specific melting point and contraction properties, allowing chocolates to easily release from molds during production and giving them their signature smooth texture. Beyond its use in confections, chocolate also serves functional purposes in other industries, such as masking the unpleasant taste of pharmaceutical tablets, making it a versatile ingredient in both the food and health sectors.
Chocolate is widely used not only in confectionery but also in food and beverage, cosmetics, and pharmaceuticals. Its rich taste, along with nutritional and antioxidant benefits from cocoa, makes it a popular choice in many products. The versatility of chocolate as a functional and indulgent ingredient has cemented its place in both everyday and luxury consumer markets.
麻豆原创 Overview
The global chocolate market is highly competitive, with key players such as Barry Callebaut, Cargill, Nestle SA, Mars, and Fuji Oil dominating the industry. These top five companies account for approximately 50% of the total market share, with Barry Callebaut leading as a global manufacturer of chocolate products. The company鈥檚 extensive range of products and strong distribution capabilities allow it to maintain a dominant position. Other major players, such as Cargill and Nestle, also have significant influence through their production of branded chocolate products and their supply of essential ingredients to various sectors, including the food and beverage industry.
Europe is the largest market for chocolate, holding about 35% of global market share. The region鈥檚 dominance is driven by its rich chocolate-making heritage, advanced manufacturing technologies, and proximity to cocoa-producing countries. North America and Southeast Asia follow closely, together accounting for another 35% of the market. In North America, chocolate is a staple indulgence, while Southeast Asia is emerging as a growing market, with increasing demand for premium and imported chocolate products driven by rising incomes and evolving consumer tastes.
麻豆原创 Trends and Growth Drivers
Chocolate remains the largest segment within the broader cocoa-based product market, accounting for about 70% of total market share. The strong demand for chocolate is primarily driven by the confectionery sector, which consumes vast amounts of cocoa products for making chocolate bars, candies, and other sweet treats. As chocolate continues to be a favorite indulgence worldwide, its use extends beyond confectionery into the broader food and beverage industry. In addition to traditional sweets, chocolate is increasingly being incorporated into baked goods, dairy products, and beverages, adding flavor and richness to a variety of foods.
The cosmetics and pharmaceutical industries are also key areas of growth for chocolate. In the cosmetics sector, cocoa butter, a key ingredient in chocolate, is widely used for its moisturizing and skin-nourishing properties in beauty products such as lotions, lip balms, and creams. In pharmaceuticals, chocolate is used to improve the taste of medicinal tablets and supplements, broadening its application beyond confectionery and food.
Europe remains the leading consumer of chocolate products, driven by high demand for both everyday chocolates and premium, luxury brands. However, emerging markets in Asia, particularly in Southeast Asia, are witnessing growing demand for chocolate as Western-style products become more popular and accessible. With a growing middle class in countries like China and India, chocolate consumption in these regions is expected to rise significantly in the coming years, offering new growth opportunities for manufacturers.
The chocolate market does face challenges, such as fluctuations in cocoa prices, which can affect production costs and profit margins. Additionally, there is increasing pressure for companies to source cocoa sustainably and ensure ethical labor practices, particularly in regions like West Africa where much of the world鈥檚 cocoa is produced. Despite these hurdles, the chocolate market continues to grow steadily, supported by rising demand for both traditional and innovative chocolate products across the globe.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Chocolate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Chocolate.
The Chocolate market size, estimations, and forecasts are provided in terms of sales volume (MT) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Chocolate market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Chocolate manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Company
Barry Callebaut
Cargill
Nestle SA
Mars
Hershey
FUJI OIL
Puratos
NATRA
Ferrero
Mondelez
Clasen
Morde Foods
EUROCAO
DP Chocolates
Cocoa-linna
Apple Flavor & Fragrance Group
Shanghai Yicheng Food
Segment by Type
Dark Chocolate
Milk Chocolate
Others
Segment by Application
B2C
B2B
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Argentina
Middle East and Africa
Turkey
Saudi Arabia
U.A.E
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Chocolate manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Chocolate in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report.鈥�
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1 Chocolate 麻豆原创 Overview
1.1 Product Definition
1.2 Chocolate by Type
1.2.1 Global Chocolate 麻豆原创 Value Comparison by Type (2024 VS 2031)
1.2.2 Dark Chocolate
1.2.3 Milk Chocolate
1.2.4 Others
1.3 Chocolate by Application
1.3.1 Global Chocolate 麻豆原创 Value by Application (2024 VS 2031)
1.3.2 B2C
1.3.3 B2B
1.4 Global Chocolate 麻豆原创 Size Estimates and Forecasts
1.4.1 Global Chocolate Revenue 2020-2031
1.4.2 Global Chocolate Sales 2020-2031
1.4.3 Global Chocolate 麻豆原创 Average Price (2020-2031)
1.5 Assumptions and Limitations
2 Chocolate 麻豆原创 Competition by Manufacturers
2.1 Global Chocolate Sales 麻豆原创 Share by Manufacturers (2020-2025)
2.2 Global Chocolate Revenue 麻豆原创 Share by Manufacturers (2020-2025)
2.3 Global Chocolate Average Price by Manufacturers (2020-2025)
2.4 Global Key Players of Chocolate, Industry Ranking, 2022 VS 2023 VS 2024
2.5 Global Key Manufacturers of Chocolate, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Chocolate, Product Type & Application
2.7 Global Key Manufacturers of Chocolate, Date of Enter into This Industry
2.8 Global Chocolate 麻豆原创 Competitive Situation and Trends
2.8.1 Global Chocolate 麻豆原创 Concentration Rate
2.8.2 The Global 5 and 10 Largest Chocolate Players 麻豆原创 Share by Revenue
2.8.3 Global Chocolate 麻豆原创 Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.9 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Global Chocolate 麻豆原创 Scenario by Region
3.1 Global Chocolate 麻豆原创 Size by Region: 2020 Versus 2024 Versus 2031
3.2 Global Chocolate Sales by Region: 2020-2031
3.2.1 Global Chocolate Sales by Region: 2020-2025
3.2.2 Global Chocolate Sales by Region: 2026-2031
3.3 Global Chocolate Revenue by Region: 2020-2031
3.3.1 Global Chocolate Revenue by Region: 2020-2025
3.3.2 Global Chocolate Revenue by Region: 2026-2031
3.4 North America Chocolate 麻豆原创 Facts & Figures by Country
3.4.1 North America Chocolate 麻豆原创 Size by Country: 2020 VS 2024 VS 2031
3.4.2 North America Chocolate Sales by Country (2020-2031)
3.4.3 North America Chocolate Revenue by Country (2020-2031)
3.4.4 U.S.
3.4.5 Canada
3.5 Europe Chocolate 麻豆原创 Facts & Figures by Country
3.5.1 Europe Chocolate 麻豆原创 Size by Country: 2020 VS 2024 VS 2031
3.5.2 Europe Chocolate Sales by Country (2020-2031)
3.5.3 Europe Chocolate Revenue by Country (2020-2031)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Chocolate 麻豆原创 Facts & Figures by Region
3.6.1 Asia Pacific Chocolate 麻豆原创 Size by Region: 2020 VS 2024 VS 2031
3.6.2 Asia Pacific Chocolate Sales by Region (2020-2031)
3.6.3 Asia Pacific Chocolate Revenue by Region (2020-2031)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 China Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.6.13 Philippines
3.7 Latin America Chocolate 麻豆原创 Facts & Figures by Country
3.7.1 Latin America Chocolate 麻豆原创 Size by Country: 2020 VS 2024 VS 2031
3.7.2 Latin America Chocolate Sales by Country (2020-2031)
3.7.3 Latin America Chocolate Revenue by Country (2020-2031)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Chocolate 麻豆原创 Facts & Figures by Country
3.8.1 Middle East and Africa Chocolate 麻豆原创 Size by Country: 2020 VS 2024 VS 2031
3.8.2 Middle East and Africa Chocolate Sales by Country (2020-2031)
3.8.3 Middle East and Africa Chocolate Revenue by Country (2020-2031)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 U.A.E
4 Segment by Type
4.1 Global Chocolate Sales by Type (2020-2031)
4.1.1 Global Chocolate Sales by Type (2020-2025)
4.1.2 Global Chocolate Sales by Type (2026-2031)
4.1.3 Global Chocolate Sales 麻豆原创 Share by Type (2020-2031)
4.2 Global Chocolate Revenue by Type (2020-2031)
4.2.1 Global Chocolate Revenue by Type (2020-2025)
4.2.2 Global Chocolate Revenue by Type (2026-2031)
4.2.3 Global Chocolate Revenue 麻豆原创 Share by Type (2020-2031)
4.3 Global Chocolate Price by Type (2020-2031)
5 Segment by Application
5.1 Global Chocolate Sales by Application (2020-2031)
5.1.1 Global Chocolate Sales by Application (2020-2025)
5.1.2 Global Chocolate Sales by Application (2026-2031)
5.1.3 Global Chocolate Sales 麻豆原创 Share by Application (2020-2031)
5.2 Global Chocolate Revenue by Application (2020-2031)
5.2.1 Global Chocolate Revenue by Application (2020-2025)
5.2.2 Global Chocolate Revenue by Application (2026-2031)
5.2.3 Global Chocolate Revenue 麻豆原创 Share by Application (2020-2031)
5.3 Global Chocolate Price by Application (2020-2031)
6 Key Companies Profiled
6.1 Barry Callebaut
6.1.1 Barry Callebaut Company Information
6.1.2 Barry Callebaut Description and Business Overview
6.1.3 Barry Callebaut Chocolate Sales, Revenue and Gross Margin (2020-2025)
6.1.4 Barry Callebaut Chocolate Product Portfolio
6.1.5 Barry Callebaut Recent Developments/Updates
6.2 Cargill
6.2.1 Cargill Company Information
6.2.2 Cargill Description and Business Overview
6.2.3 Cargill Chocolate Sales, Revenue and Gross Margin (2020-2025)
6.2.4 Cargill Chocolate Product Portfolio
6.2.5 Cargill Recent Developments/Updates
6.3 Nestle SA
6.3.1 Nestle SA Company Information
6.3.2 Nestle SA Description and Business Overview
6.3.3 Nestle SA Chocolate Sales, Revenue and Gross Margin (2020-2025)
6.3.4 Nestle SA Chocolate Product Portfolio
6.3.5 Nestle SA Recent Developments/Updates
6.4 Mars
6.4.1 Mars Company Information
6.4.2 Mars Description and Business Overview
6.4.3 Mars Chocolate Sales, Revenue and Gross Margin (2020-2025)
6.4.4 Mars Chocolate Product Portfolio
6.4.5 Mars Recent Developments/Updates
6.5 Hershey
6.5.1 Hershey Company Information
6.5.2 Hershey Description and Business Overview
6.5.3 Hershey Chocolate Sales, Revenue and Gross Margin (2020-2025)
6.5.4 Hershey Chocolate Product Portfolio
6.5.5 Hershey Recent Developments/Updates
6.6 FUJI OIL
6.6.1 FUJI OIL Company Information
6.6.2 FUJI OIL Description and Business Overview
6.6.3 FUJI OIL Chocolate Sales, Revenue and Gross Margin (2020-2025)
6.6.4 FUJI OIL Chocolate Product Portfolio
6.6.5 FUJI OIL Recent Developments/Updates
6.7 Puratos
6.7.1 Puratos Company Information
6.7.2 Puratos Description and Business Overview
6.7.3 Puratos Chocolate Sales, Revenue and Gross Margin (2020-2025)
6.7.4 Puratos Chocolate Product Portfolio
6.7.5 Puratos Recent Developments/Updates
6.8 NATRA
6.8.1 NATRA Company Information
6.8.2 NATRA Description and Business Overview
6.8.3 NATRA Chocolate Sales, Revenue and Gross Margin (2020-2025)
6.8.4 NATRA Chocolate Product Portfolio
6.8.5 NATRA Recent Developments/Updates
6.9 Ferrero
6.9.1 Ferrero Company Information
6.9.2 Ferrero Description and Business Overview
6.9.3 Ferrero Chocolate Sales, Revenue and Gross Margin (2020-2025)
6.9.4 Ferrero Chocolate Product Portfolio
6.9.5 Ferrero Recent Developments/Updates
6.10 Mondelez
6.10.1 Mondelez Company Information
6.10.2 Mondelez Description and Business Overview
6.10.3 Mondelez Chocolate Sales, Revenue and Gross Margin (2020-2025)
6.10.4 Mondelez Chocolate Product Portfolio
6.10.5 Mondelez Recent Developments/Updates
6.11 Clasen
6.11.1 Clasen Company Information
6.11.2 Clasen Description and Business Overview
6.11.3 Clasen Chocolate Sales, Revenue and Gross Margin (2020-2025)
6.11.4 Clasen Chocolate Product Portfolio
6.11.5 Clasen Recent Developments/Updates
6.12 Morde Foods
6.12.1 Morde Foods Company Information
6.12.2 Morde Foods Description and Business Overview
6.12.3 Morde Foods Chocolate Sales, Revenue and Gross Margin (2020-2025)
6.12.4 Morde Foods Chocolate Product Portfolio
6.12.5 Morde Foods Recent Developments/Updates
6.13 EUROCAO
6.13.1 EUROCAO Company Information
6.13.2 EUROCAO Description and Business Overview
6.13.3 EUROCAO Chocolate Sales, Revenue and Gross Margin (2020-2025)
6.13.4 EUROCAO Chocolate Product Portfolio
6.13.5 EUROCAO Recent Developments/Updates
6.14 DP Chocolates
6.14.1 DP Chocolates Company Information
6.14.2 DP Chocolates Description and Business Overview
6.14.3 DP Chocolates Chocolate Sales, Revenue and Gross Margin (2020-2025)
6.14.4 DP Chocolates Chocolate Product Portfolio
6.14.5 DP Chocolates Recent Developments/Updates
6.15 Cocoa-linna
6.15.1 Cocoa-linna Company Information
6.15.2 Cocoa-linna Description and Business Overview
6.15.3 Cocoa-linna Chocolate Sales, Revenue and Gross Margin (2020-2025)
6.15.4 Cocoa-linna Chocolate Product Portfolio
6.15.5 Cocoa-linna Recent Developments/Updates
6.16 Apple Flavor & Fragrance Group
6.16.1 Apple Flavor & Fragrance Group Company Information
6.16.2 Apple Flavor & Fragrance Group Description and Business Overview
6.16.3 Apple Flavor & Fragrance Group Chocolate Sales, Revenue and Gross Margin (2020-2025)
6.16.4 Apple Flavor & Fragrance Group Chocolate Product Portfolio
6.16.5 Apple Flavor & Fragrance Group Recent Developments/Updates
6.17 Shanghai Yicheng Food
6.17.1 Shanghai Yicheng Food Company Information
6.17.2 Shanghai Yicheng Food Description and Business Overview
6.17.3 Shanghai Yicheng Food Chocolate Sales, Revenue and Gross Margin (2020-2025)
6.17.4 Shanghai Yicheng Food Chocolate Product Portfolio
6.17.5 Shanghai Yicheng Food Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Chocolate Industry Chain Analysis
7.2 Chocolate Raw Material Supply Analysis
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Chocolate Production Mode & Process Analysis
7.4 Chocolate Sales and 麻豆原创ing
7.4.1 Chocolate Sales Channels
7.4.2 Chocolate Distributors
7.5 Chocolate Customer Analysis
8 Chocolate 麻豆原创 Dynamics
8.1 Chocolate Industry Trends
8.2 Chocolate 麻豆原创 Drivers
8.3 Chocolate 麻豆原创 Challenges
8.4 Chocolate 麻豆原创 Restraints
9 Research Findings and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 麻豆原创 Size Estimation
10.1.3 麻豆原创 Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
Barry Callebaut
Cargill
Nestle SA
Mars
Hershey
FUJI OIL
Puratos
NATRA
Ferrero
Mondelez
Clasen
Morde Foods
EUROCAO
DP Chocolates
Cocoa-linna
Apple Flavor & Fragrance Group
Shanghai Yicheng Food
听
听
*If Applicable.