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Global Dark Chocolate Market Trends, Analysis, Forecast: By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Non-Grocery Retailers, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Dark Chocolate Market Outlook
The global dark chocolate market size was almost USD 58.92 billion in 2023. The industry is further expected to grow at a CAGR of 7% over the forecast period of 2024-2032 to attain a value of almost USD 108.35 billion by 2032. The market is being driven by the growing consumption of the product in various food applications coupled with the rising health awareness among consumers.
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The supermarkets and hypermarkets segment, among various distribution channels, leads the industry. The growth of this segment can be attributed to the fact that supermarkets and hypermarkets allow consumers to choose from an array of brands, ranging from affordable to premium ones. Region-wise, Western Europe is the leading dark chocolate market, accounting for a significant share in the global industry. The Western Europe industry is being driven by the growing popularity of organic dark chocolate among consumers in the region, which is propelling dark chocolate manufacturers to include natural and organic ingredients in their products.
Market Segmentation
Dark chocolate, also known as black chocolate, is prepared from cocoa butter, rather than fats such as palm and coconut oils. It has an intense and rich flavour. It contains cocoa solids over milk solids in high percentage, which is generally more than 60% with little or no added sugar. Some of the other ingredients used in the bitter chocolate processing include flavourings, sugar, and an emulsifier such as lecithin.
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As the product is a rich source of flavonoids and antioxidants, it is being extensively adopted in the preparation of various food items and is further identified as a potential superfood. Some of the products produced using dark chocolate are chocolate bars, candies, and baking chocolate, among others.
On the basis of the distribution channel, the industry has been categorised into:
- Supermarkets and Hypermarkets
- Convenience Stores
- Non-Grocery Retailers
- Others
The report also covers the regional markets like Europe, North America, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global dark chocolate market is driven by its growing consumption in the food and beverage sector across the world. With the growing health awareness among consumers, the manufacturers are widely using dark chocolate in the production of food products, which is supporting the industry growth.
Due to the high nutritional benefits offered by dark chocolate, its demand in the food and beverage sector is witnessing a significant growth. The product has excellent antioxidant properties and is a rich source of flavonoids. It also provides other nutrients such as phosphorus, manganese, iron, zinc, selenium, potassium, and magnesium, among others, and thus, it is identified as a potential superfood. It has become a preferred ingredient for use in the production of items like baked goods, confectioneries, bars fillings, beverages, etc. Thus, the growth of the food and beverage industry is expected to further aid the growth of the global dark chocolate market.
Moreover, with rising disposable incomes, consumers are ready to spend more on quality products, which is driving the industry further. In addition, emerging economies, such as China and India, are also reporting a rise in overall dark chocolate consumption due to evolving eating preferences and growing awareness of the health benefits it provides. Such trends are expected to drive the growth of the market over the forecast period.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global dark chocolate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Ferrero International
- Nestlé
- Mondelez International, Inc.
- Amul
- Ritter Sport
- The Hershey Company
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Chocolate Market Overview
8.1 Key Industry Highlights
8.2 Global Chocolate Historical Market (2018-2023)
8.3 Global Chocolate Market Forecast (2024-2032)
8.4 Global Chocolate Market by Product
8.5 Global Chocolate Market by End Use
8.6 Global Chocolate Market by Region
8.6.1 North America
8.6.2 Europe
8.6.3 Asia Pacific
8.6.4 Latin America
8.6.5 Middle East and Africa
9 Global Dark Chocolate Market Analysis
9.1 Key Industry Highlights
9.2 Global Dark Chocolate Historical Market (2018-2023)
9.3 Global Dark Chocolate Market Forecast (2024-2032)
9.4 Global Dark Chocolate Market by Distribution Channel
9.4.1 Supermarkets and Hypermarkets
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Convenience Stores
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.3 Non-Grocery Retailers
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.4.4 Others
9.5 Global Dark Chocolate Market by Region
9.5.1 North America
9.5.2 Europe
9.5.3 Asia Pacific
9.5.4 Latin America
9.5.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Price Analysis
13.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
14 Manufacturing Process
14.1 Detailed Process Flow
14.2 Operations Involved
14.3 Mass Balance
15 Cost Analysis
15.1 Land, Location, and Site Development
15.2 Construction
15.3 Plant Machinery
15.4 Cost of Raw Material
15.5 Packaging
15.6 Transportation
15.7 Utilities
15.8 Manpower
15.9 Other Capital Investment
16 Project Economics
16.1 Capital Cost of the Project
16.2 Techno-Economic Parameters
16.3 Product Pricing and Margins Across Various Levels of the Supply Chain
16.4 Taxation and Depreciation
16.5 Income Projections
16.6 Expenditure Projections
16.7 Financial Analysis
16.8 Profit Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Ferrero International
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Financial Summary
17.2.1.5 Certifications
17.2.2 Nestlé
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Financial Summary
17.2.2.5 Certifications
17.2.3 Mondelez International, Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Financial Summary
17.2.3.5 Certifications
17.2.4 Amul
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Financial Summary
17.2.4.5 Certifications
17.2.5 Ritter Sport
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Financial Summary
17.2.5.5 Certifications
17.2.6 The Hershey Company
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Financial Summary
17.2.6.5 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Chocolate Market: Key Industry Highlights, 2018 and 2032
2. Global Chocolate Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Chocolate Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Chocolate Historical Market: Breakup by Packaging (USD Billion), 2018-2023
5. Global Chocolate Market Forecast: Breakup by Packaging (USD Billion), 2024-2032
6. Global Chocolate Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Chocolate Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Chocolate Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Chocolate Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. Global Dark Chocolate Market: Key Industry Highlights, 2018 and 2032
11. Global Dark Chocolate Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
12. Global Dark Chocolate Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
13. Global Dark Chocolate Historical Market: Breakup by Region (USD Billion), 2018-2023
14. Global Dark Chocolate Market Forecast: Breakup by Region (USD Billion), 2024-2032
15. North America Dark Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
16. North America Dark Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
17. Europe Dark Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
18. Europe Dark Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
19. Asia Pacific Dark Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
20. Asia Pacific Dark Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
21. Latin America Dark Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
22. Latin America Dark Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
23. Middle East and Africa Dark Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
24. Middle East and Africa Dark Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
25. North America Historical Price Trends and Forecast 2018-2032
26. Europe Historical Price Trends and Forecast 2018-2032
27. Asia Pacific Historical Price Trends and Forecast 2018-2032
28. Latin America Historical Price Trends and Forecast 2018-2032
29. Middle East and Africa Historical Price Trends and Forecast 2018-2032
30. Global Dark Chocolate Market Structure
Key Questions Answered in the Report
In 2023, the global dark chocolate market attained a value of approximately USD 58.92 billion.
The market is projected to grow at a CAGR of 7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 108.35 billion by 2032.
The major drivers of the market are increasing disposable incomes, rising product consumption by the food and beverage sector, and extensive use of the product by various sectors.
The key trends guiding the growth of the market include the evolving eating preferences and the rising awareness of the health benefits.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Supermarkets and hypermarkets, convenience stores, and non-grocery retailers, among others, are the major distribution channels in the market.
The key players in the global dark chocolate market are Ferrero International, Nestlé, Mondelez International, Inc., Amul, Ritter Sport, and The Hershey Company, among others.
Analyst Review
The global dark chocolate market attained a value of USD 58.92 billion in 2023 driven by inflating per capita incomes, changing lifestyles, and rising product consumption in various sectors. Aided by the rising awareness of the health benefits, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7%. The dark chocolate market is projected to reach USD 108.35 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of distribution channels, the industry can be segmented into supermarkets and hypermarkets, convenience stores, and non-grocery retailers, among others. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Ferrero International, Nestlé, Mondelez International, Inc., Amul, Ritter Sport, The Hershey Company, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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