Industry: Food & Beverages
Published Date: 2024-10-23
Pages: 143 Pages
Report ld: 3351821
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Chocolate Market Size(US$)

CAGR 2024-2030
3.1%
Market Size,2030
USD 55,070
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
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.
The global Chocolate revenue was US$ 44520 million in 2023 and is forecast to a readjusted size of US$ 55070 million by 2030 with a CAGR of 3.1% during the review period (2024-2030).
In China the Chocolate revenue is expected to grow from US$ million in 2023 to US$ million by 2030, at a CAGR of % during the forecast period (2024-2030).
This report focuses on global and China Chocolate market, also covers the segmentation data of other regions in regional level and county level.
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.
Market 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’s 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’s 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.
Market 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’s 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.
Chocolate market is segmented in regional and country level, by players, by Type, and by Application. Companies, stakeholders, and other participants in the global Chocolate market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2019-2030.
For China market, this report focuses on the Chocolate market size by players, by Type, and by Application, for the period 2019-2030. The key players include the global and local players which play important roles in China.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces Chocolate definition, global sales (volume and revenue), China market size, China percentage in global market. This section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Provides the analysis of various market segments by Type, covering the volume, price, revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 3: Provides the analysis of various market segments by Application, covering the revenue, price, volume, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 4: Detailed analysis of Chocolate companies’ competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Revenue and volume of Chocolate in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 6: Americas by Type, by Application and by country, sales, and revenue for each segment.
Chapter 7: EMEA by Type, by Application and by region, sales, and revenue for each segment.
Chapter 8: China by Type, and by Application, sales, and revenue for each segment.
Chapter 9: APAC (excluding China) by Type, by Application and by region, sales, and revenue for each segment.
Chapter 10: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Chocolate sales, revenue, gross margin, and recent development, etc.
Chapter 11: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 12: research findings and conclusion
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Study Coverage
1.1 Chocolate Product Introduction
1.2 Global Chocolate Outlook 2019 VS 2023 VS 2030
1.2.1 Global Chocolate Sales in US$ Million for the Year 2019-2030
1.2.2 Global Chocolate Sales in Volume for the Year 2019-2030
1.3 China Chocolate Outlook 2019 VS 2023 VS 2030
1.3.1 China Chocolate Sales in US$ Million for the Year 2019-2030
1.3.2 China Chocolate Sales in Volume for the Year 2019-2030
1.4 Chocolate Market Size, China VS Global, 2019 VS 2023 VS 2030
1.4.1 The Market Share of China Chocolate in Global, 2019 VS 2023 VS 2030
1.4.2 The Growth Rate of Chocolate Market Size, China VS Global, 2019 VS 2023 VS 2030
1.5 Chocolate Market Dynamics
1.5.1 Chocolate Industry Trends
1.5.2 Chocolate Market Drivers
1.5.3 Chocolate Market Challenges
1.5.4 Chocolate Market Restraints
1.6 Assumptions and Limitations
1.7 Study Objectives
1.8 Years Considered
2 Chocolate by Type
2.1 Chocolate Market by Type
2.1.1 Dark Chocolate
2.1.2 Milk Chocolate
2.1.3 Others
2.2 Global Chocolate Market Size by Type
2.2.1 Global Chocolate Sales in Value, by Type (2019, 2023 & 2030)
2.2.2 Global Chocolate Sales in Volume, by Type (2019, 2023 & 2030)
2.2.3 Global Chocolate Average Selling Price (ASP) by Type (2019, 2023 & 2030)
2.3 China Chocolate Market Size by Type
2.3.1 China Chocolate Sales in Value, by Type (2019, 2023 & 2030)
2.3.2 China Chocolate Sales in Volume, by Type (2019, 2023 & 2030)
2.3.3 China Chocolate Average Selling Price (ASP) by Type (2019, 2023 & 2030)
3 Chocolate by Application
3.1 Chocolate Market by Application
3.1.1 B2C
3.1.2 B2B
3.2 Global Chocolate Market Size by Application
3.2.1 Global Chocolate Sales in Value, by Application (2019, 2023 & 2030)
3.2.2 Global Chocolate Sales in Volume, by Application (2019, 2023 & 2030)
3.2.3 Global Chocolate Average Selling Price (ASP) by Application (2019, 2023 & 2030)
3.3 China Chocolate Market Size by Application
3.3.1 China Chocolate Sales in Value, by Application (2019, 2023 & 2030)
3.3.2 China Chocolate Sales in Volume, by Application (2019, 2023 & 2030)
3.3.3 China Chocolate Average Selling Price (ASP) by Application (2019, 2023 & 2030)
4 Global Chocolate Competitor Landscape by Company
4.1 Global Chocolate Market Size by Company
4.1.1 Global Key Manufacturers of Chocolate, Ranked by Revenue (2023)
4.1.2 Global Chocolate Revenue by Manufacturer (2019-2024)
4.1.3 Global Chocolate Sales by Manufacturer (2019-2024)
4.1.4 Global Chocolate Price by Manufacturer (2019-2024)
4.2 Global Chocolate Concentration Ratio (CR)
4.2.1 Chocolate Market Concentration Ratio (CR) (2019-2024)
4.2.2 Global Top 5 and Top 10 Largest Manufacturers of Chocolate in 2023
4.2.3 Global Chocolate Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.3 Global Key Manufacturers of Chocolate, Manufacturing Base Distribution and Headquarters
4.4 Global Key Manufacturers of Chocolate, Product Offered and Application
4.5 Global Key Manufacturers of Chocolate, Date of Enter into This Industry
4.6 Manufacturers Mergers & Acquisitions, Expansion Plans
4.7 China Chocolate Market Size by Company
4.7.1 Key Players of Chocolate in China, Ranked by Revenue (2023)
4.7.2 China Chocolate Revenue by Players (2019-2024)
4.7.3 China Chocolate Sales by Players (2019-2024)
5 Global Chocolate Market Size by Region
5.1 Global Chocolate Market Size by Region: 2019 VS 2023 VS 2030
5.2 Global Chocolate Market Size in Volume by Region (2019-2030)
5.2.1 Global Chocolate Sales in Volume by Region: 2019-2024
5.2.2 Global Chocolate Sales in Volume Forecast by Region (2025-2030)
5.3 Global Chocolate Market Size in Value by Region (2019-2030)
5.3.1 Global Chocolate Sales in Value by Region: 2019-2024
5.3.2 Global Chocolate Sales in Value by Region: 2025-2030
6 Americas
6.1 Americas Chocolate Market Size YoY Growth 2019-2030
6.2 Americas Chocolate Sales in Volume, by Type (2019, 2023 & 2030)
6.3 Americas Chocolate Sales in Volume, by Application (2019, 2023 & 2030)
6.4 Americas Chocolate Market Facts & Figures by Country (2019, 2023 & 2030)
6.4.1 Americas Chocolate Sales in Value by Country (2019, 2023 & 2030)
6.4.2 Americas Chocolate Sales in Volume by Country (2019, 2023 & 2030)
6.4.3 United States
6.4.4 Canada
6.4.5 Mexico
6.4.6 Brazil
7 EMEA
7.1 EMEA Chocolate Market Size YoY Growth 2019-2030
7.2 EMEA Chocolate Sales in Volume, by Type (2019, 2023 & 2030)
7.3 EMEA Chocolate Sales in Volume, by Application (2019, 2023 & 2030)
7.4 EMEA Chocolate Market Facts & Figures by Country (2019, 2023 & 2030)
7.4.1 EMEA Chocolate Sales in Value by Country (2019, 2023 & 2030)
7.4.2 EMEA Chocolate Sales in Volume by Country (2019, 2023 & 2030)
7.4.3 Europe
7.4.4 Middle East
7.4.5 Africa
8 China
8.1 China Chocolate Market Size YoY Growth 2019-2030
8.2 China Chocolate Sales in Volume, by Type (2019, 2023 & 2030)
8.3 China Chocolate Sales in Volume, by Application (2019, 2023 & 2030)
9 APAC
9.1 APAC Chocolate Market Size YoY Growth 2019-2030
9.2 APAC Chocolate Sales in Volume, by Type (2019, 2023 & 2030)
9.3 APAC Chocolate Sales in Volume, by Application (2019, 2023 & 2030)
9.4 APAC Chocolate Market Facts & Figures by Country (2019, 2023 & 2030)
9.4.1 APAC Chocolate Sales in Value by Country (2019, 2023 & 2030)
9.4.2 APAC Chocolate Sales in Volume by Country (2019, 2023 & 2030)
9.4.3 Japan
9.4.4 South Korea
9.4.5 China Taiwan
9.4.6 Southeast Asia
9.4.7 India
10 Company Profiles
10.1 Barry Callebaut
10.1.1 Barry Callebaut Company Information
10.1.2 Barry Callebaut Description and Business Overview
10.1.3 Barry Callebaut Chocolate Sales, Revenue and Gross Margin (2019-2024)
10.1.4 Barry Callebaut Chocolate Products Offered
10.1.5 Barry Callebaut Recent Development
10.2 Cargill
10.2.1 Cargill Company Information
10.2.2 Cargill Description and Business Overview
10.2.3 Cargill Chocolate Sales, Revenue and Gross Margin (2019-2024)
10.2.4 Cargill Chocolate Products Offered
10.2.5 Cargill Recent Development
10.3 Nestle SA
10.3.1 Nestle SA Company Information
10.3.2 Nestle SA Description and Business Overview
10.3.3 Nestle SA Chocolate Sales, Revenue and Gross Margin (2019-2024)
10.3.4 Nestle SA Chocolate Products Offered
10.3.5 Nestle SA Recent Development
10.4 Mars
10.4.1 Mars Company Information
10.4.2 Mars Description and Business Overview
10.4.3 Mars Chocolate Sales, Revenue and Gross Margin (2019-2024)
10.4.4 Mars Chocolate Products Offered
10.4.5 Mars Recent Development
10.5 Hershey
10.5.1 Hershey Company Information
10.5.2 Hershey Description and Business Overview
10.5.3 Hershey Chocolate Sales, Revenue and Gross Margin (2019-2024)
10.5.4 Hershey Chocolate Products Offered
10.5.5 Hershey Recent Development
10.6 FUJI OIL
10.6.1 FUJI OIL Company Information
10.6.2 FUJI OIL Description and Business Overview
10.6.3 FUJI OIL Chocolate Sales, Revenue and Gross Margin (2019-2024)
10.6.4 FUJI OIL Chocolate Products Offered
10.6.5 FUJI OIL Recent Development
10.7 Puratos
10.7.1 Puratos Company Information
10.7.2 Puratos Description and Business Overview
10.7.3 Puratos Chocolate Sales, Revenue and Gross Margin (2019-2024)
10.7.4 Puratos Chocolate Products Offered
10.7.5 Puratos Recent Development
10.8 NATRA
10.8.1 NATRA Company Information
10.8.2 NATRA Description and Business Overview
10.8.3 NATRA Chocolate Sales, Revenue and Gross Margin (2019-2024)
10.8.4 NATRA Chocolate Products Offered
10.8.5 NATRA Recent Development
10.9 Ferrero
10.9.1 Ferrero Company Information
10.9.2 Ferrero Description and Business Overview
10.9.3 Ferrero Chocolate Sales, Revenue and Gross Margin (2019-2024)
10.9.4 Ferrero Chocolate Products Offered
10.9.5 Ferrero Recent Development
10.10 Mondelez
10.10.1 Mondelez Company Information
10.10.2 Mondelez Description and Business Overview
10.10.3 Mondelez Chocolate Sales, Revenue and Gross Margin (2019-2024)
10.10.4 Mondelez Chocolate Products Offered
10.10.5 Mondelez Recent Development
10.11 Clasen
10.11.1 Clasen Company Information
10.11.2 Clasen Description and Business Overview
10.11.3 Clasen Chocolate Sales, Revenue and Gross Margin (2019-2024)
10.11.4 Clasen Chocolate Products Offered
10.11.5 Clasen Recent Development
10.12 Morde Foods
10.12.1 Morde Foods Company Information
10.12.2 Morde Foods Description and Business Overview
10.12.3 Morde Foods Chocolate Sales, Revenue and Gross Margin (2019-2024)
10.12.4 Morde Foods Chocolate Products Offered
10.12.5 Morde Foods Recent Development
10.13 EUROCAO
10.13.1 EUROCAO Company Information
10.13.2 EUROCAO Description and Business Overview
10.13.3 EUROCAO Chocolate Sales, Revenue and Gross Margin (2019-2024)
10.13.4 EUROCAO Chocolate Products Offered
10.13.5 EUROCAO Recent Development
10.14 DP Chocolates
10.14.1 DP Chocolates Company Information
10.14.2 DP Chocolates Description and Business Overview
10.14.3 DP Chocolates Chocolate Sales, Revenue and Gross Margin (2019-2024)
10.14.4 DP Chocolates Chocolate Products Offered
10.14.5 DP Chocolates Recent Development
10.15 Cocoa-linna
10.15.1 Cocoa-linna Company Information
10.15.2 Cocoa-linna Description and Business Overview
10.15.3 Cocoa-linna Chocolate Sales, Revenue and Gross Margin (2019-2024)
10.15.4 Cocoa-linna Chocolate Products Offered
10.15.5 Cocoa-linna Recent Development
10.16 Apple Flavor & Fragrance Group
10.16.1 Apple Flavor & Fragrance Group Company Information
10.16.2 Apple Flavor & Fragrance Group Description and Business Overview
10.16.3 Apple Flavor & Fragrance Group Chocolate Sales, Revenue and Gross Margin (2019-2024)
10.16.4 Apple Flavor & Fragrance Group Chocolate Products Offered
10.16.5 Apple Flavor & Fragrance Group Recent Development
10.17 Shanghai Yicheng Food
10.17.1 Shanghai Yicheng Food Company Information
10.17.2 Shanghai Yicheng Food Description and Business Overview
10.17.3 Shanghai Yicheng Food Chocolate Sales, Revenue and Gross Margin (2019-2024)
10.17.4 Shanghai Yicheng Food Chocolate Products Offered
10.17.5 Shanghai Yicheng Food Recent Development
11 Industry Chain and Sales Channels Analysis
11.1 Chocolate Industry Chain Analysis
11.2 Chocolate Key Raw Materials
11.2.1 Key Raw Materials
11.2.2 Raw Materials Key Suppliers
11.3 Chocolate Production Mode & Process
11.4 Chocolate Sales and Marketing
11.4.1 Chocolate Sales Channels
11.4.2 Chocolate Distributors
11.5 Chocolate Customers
12 Research Findings and Conclusion
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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