1. Home
  2. > Food
  3. > Processed Food Market Trends
Global Chocolate Market By Product By Traditional Chocolate Type By Distribution Channel By Region, Industry Analysis and Forecast, 2020 - 2026

Global Chocolate Market By Product By Traditional Chocolate Type By Distribution Channel By Region, Industry Analysis and Forecast, 2020 - 2026

  • May 2020
  • 194 pages
  • ID: 5914545
  • Format: PDF
  • KBV Research


Table of Contents

The Global Chocolate Market size is expected to reach $171.6 billion by 2026, rising at a market growth of 5.3% CAGR during the forecast period. Chocolate is the most widely-consumed sweet treat in the world. The World Cocoa Foundation states that cocoa beans have a consumption value of over 3 million tons every year. One of the reasons that make chocolate a constant favorite among customers is that it not only makes people feel good, it is evidently beneficial for the human heart and brain. Chocolate is processed from the fruit of Theobroma cacao, which is a tropical tree.

Chocolate usage often inhibits cortisol, a stress hormone, from being released. Instead of depending on medicines, consumers also included items on their regular diet that alleviate a health problem. Chocolate is expected to continue to boost the sales of chocolate over the coming years, helping to relax the mind and to induce happiness.

Growing demand for dark chocolate in developed countries is attributed to increasing income levels and changing eating behaviors. Innovations in the production of dark chocolates and their usage as a gift also lead to the success of the global market. Some of the notable developments identified in the industry include that health benefits linked to dark chocolates that are rich in cocoa, increasing demand for premium-based dark chocolates that are made as gifts, more regulated seasonal chocolates by producers, and flourishing marketing initiatives.

The online segment is expected to see the highest CAGR over the projected period. Online sales channel has seen tremendous growth in the last few years owing to the growing proliferation of the internet in different countries. In addition, online retailers, including Amazon and Walmart, are adding this product category to the main focus area. Increasing dependency of generation X, millennials, and generation Z parents on the Internet and e-commerce is the main factor projected to boost chocolate consumption across online platforms in the coming years. Various features, including a range of value-added services, such as reduced pricing, cash-on-delivery, and paybacks, provided by e-retailers are anticipated to fuel the development of the online channel in the coming years.

Based on Product, the market is segmented into Traditional Chocolate and Artificial Chocolate. Based on Traditional Chocolate Type, the market is segmented into Milk Chocolate, Dark Chocolate and White Chocolate. Based on Distribution Channel, the market is segmented into Supermarket & Hypermarket, Convenience Store and Online. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.

The major strategies followed by the market participants are Product Launches and Acquisitions. Based on the Analysis presented in the Cardinal matrix, Nestle S.A. and Mondelez International, Inc. are the forerunners in the Chocolate Market. Companies such as The Barry Callebaut Group, Ferraro International S.A., The Hershey Company, Mars, Inc., Moonstruck Chocolate Company, Lindt & Sprungli AG, and Meiji Holdings Co., Ltd. are some of the key innovators in the market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A., Mondelez International, Inc., The Hershey Company (Hershey Trust Company), Mars, Inc., The Barry Callebaut Group, Meiji Holdings Co., Ltd., Ferrero International S.A., Lindt & Sprungli AG, Moonstruck Chocolate Company, and Yildiz Holdings A.S.

Recent strategies deployed in Chocolate Market

Partnerships, Collaborations, and Agreements:

Jul-2019: Mars extended its partnership with DKSH Business Unit Consumer Goods, the leading Market Expansion Services provider. DKSH, through its Indonesian subsidiary PT Wicaksana Overseas International Tbk., was aimed to distribute Mars’ confectioneries ranging from Snickers and Sugus to Wrigley’s chewing gums.

Acquisition and Mergers:

Sep-2019: Hershey completed the acquisition of One Brands LLC, a maker of low-sugar, high-protein nutrition bars. The acquisition broadened Hershey’s portfolio of better-for-you snacking brands.

Feb-2019: Barry Callebaut took over Inforum, a leading Russian B2B producer of chocolate, compound coatings, and fillings. The acquisition expanded Barry Callebaut’s presence in the high-growth Russian market. Together, the companies were aimed to better serve all customers and segments of the market with high- quality chocolate and compounds as well as world-class innovation and to broaden the reach of their Gourmet & Speciality business.

Sep-2018: Moonstruck Chocolate acquired Alma Chocolate, a boutique retailer that has risen in popularity among Oregon artisan food vendors. The acquisition strengthened the company’s chocolate business.

Apr-2018: Ferrero International acquired Fannie May Confections Brands and the Harry London chocolate brands from 1-800-Flowers. These brands enabled the company in broadening its product portfolio.

Mar-2018: Ferrero Group and its affiliated companies acquired the U.S. confectionary business from Nestle. Following the acquisition, Ferrero became the third-largest confectionary company in the U.S. market where it is best known for Tic Tac breath mints, Ferrero Rocher pralines, Nutella hazelnut spreads, the Fannie May and Harry London chocolate brands, and the Ferrara Candy Company.

Dec-2016: Barry Callebaut completed the acquisition of the chocolate production facility from Mondel?z International in Halle, Belgium. The facility expanded the company’s production capacity for quality Belgian chocolate and fillings.

Product Launches and Product Expansions:

Feb-2020: Barry Callebaut unveiled a unique 100% dairy-free ‘M_lk Chocolate’. This chocolate has been launched as part of a ‘Plant Craft’ Indulgence range.

Jan-2020: Nestle launched KitKat Gold, a new chocolate. KitKat Gold offers a tasty combination of crispy wafer and smooth milk chocolate, topped with creamy white chocolate with sweet caramel notes.

Dec-2019: Nestle introduced KitKat Chocolatory Cacao Fruit Chocolate, the first product to use Nestle’s chocolate made entirely from the cacao fruit. The KitKat wafer has been coated with a 70% dark chocolate that uses cocoa beans and dried, powdered white cacao pulp as the only ingredients.

Dec-2019: Mars extended its Snickers brand product line with the launch of the new Snickers White chocolate bar. The new chocolate bar contains peanuts, nougat, and caramel and is completely covered with white chocolate.

Oct-2019: Mondelez India announced the launch of Cadbury Dark Milk. Cadbury Dark Milk extended the company’s premium chocolate category through premiumization. The chocolate offers a smoothly intense and good taste.

Jul-2019: Nestle released a new chocolate bar without added sugar. The new KitKat bar extracts its sweet flavor from a cocoa fruit eliminating the need to add refined sugar. It is a 70% dark chocolate bar that has been made with the entire cacao fruit, also including the pulp around the cacao bean which is otherwise thrown away.

Geographical Expansions:

Jan-2020: Barry Callebaut opened a new Chocolate Academy in Banbury, UK. The academy would provide customers, food manufacturers, as well as artisans and professional chocolatiers, with improved facilities and support for training. The revamped Chocolate Academy Center would act as a hub for exploring and innovating on the latest trends, techniques, and recipes in chocolate.

Jul-2019: Barry Callebaut announced that it is opening a new chocolate and compound manufacturing facility in Baramati, India. The new chocolate factory and warehouse would include state-of-the-art assembly lines capable of manufacturing chocolate and compound in different delivery formats, catering to the various needs of its customers, international food manufacturers, local confectioneries, and semi-industrial bakers and patisseries.

Scope of the Study

Market Segmentation:

By Product

• Traditional Chocolate and

• Artificial Chocolate

By Traditional Chocolate Type

• Milk Chocolate

• Dark Chocolate and

• White Chocolate

By Distribution Channel

• Supermarket & Hypermarket

• Convenience Store and

• Online

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific


o Brazil

o Argentina


o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• Nestle S.A.

• Mondelez International, Inc.

• The Hershey Company (Hershey Trust Company)

• Mars, Inc.

• The Barry Callebaut Group

• Meiji Holdings Co., Ltd.

• Ferrero International S.A.

• Lindt & Sprungli AG

• Moonstruck Chocolate Company

• Yildiz Holdings A.S.

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Cocoa & Chocolate Market Research Report by Cocoa Type, Nature, Chocolate Type, Distribution Channel, Application, Region - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Global Forecast 2023-2030

  • $ 3949
  • January 2023
  • 229 pages

Cocoa & Chocolate Market Research Report by Cocoa Type (Cocoa Butter, Cocoa Liquor, and Cocoa Powder), Nature, Chocolate Type, Distribution Channel, Application, Region - Cumulative Impact of COVID-19, ...

  • World
  • Chocolate
  • Industry analysis
  • Chocolate Consumption


Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on