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Global Dark Chocolate Market: By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Non-Grocery Retailers, Others; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Price Analysis; Manufacturing Process; Cost Analysis; Competitive Landscape; Industry Events and Developments

Global Dark Chocolate Market Outlook

The global dark chocolate market size was almost USD 48.1 billion in 2019. The industry is further expected to grow at a CAGR of 7% over the forecast period of 2020-2025 to attain a value of almost USD 72.2 billion by 2025. The market is being driven by the growing consumption of the product in various food applications coupled with the rising health awareness among consumers. 

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. 

 

Properties and Applications

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. 

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. 

 

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 industry based on the Porter's five forces model along with giving a SWOT analysis. 

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    Industry Opportunities and Challenges
8    Global Chocolate Market Overview

    8.1    Key Industry Highlights
    8.2    Global Dark Chocolate Historical Market (2015-2019) 
    8.3    Global Dark Chocolate Market Forecast (2020-2025)
    8.4    Global Dark Chocolate Market by Product 
    8.5    Global Dark Chocolate Market by Packaging
    8.6    Global Dark Chocolate Market by End Use
    8.7    Global Dark Chocolate Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Global Dark Chocolate Market Analysis
    9.1    Key Industry Highlights
    9.2    Global Dark Chocolate Historical Market (2015-2019) 
    9.3    Global Dark Chocolate Market Forecast (2020-2025)
    9.4    Global Dark Chocolate Market by Distribution Channel
        9.4.1    Supermarkets and Hypermarkets
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2015-2019)
            9.4.1.3    Forecast Trend (2020-2025)
        9.4.2    Convenience Stores
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2015-2019)
            9.4.2.3    Forecast Trend (2020-2025)
        9.4.3    Non-Grocery Retailers
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2015-2019)
            9.4.3.3    Forecast Trend (2020-2025)
        9.4.4    Others
        9.5    Global Dark Chocolate Market by Region
        9.5.1    Market Share
            9.5.1.1    North America
            9.5.1.2    Europe
            9.5.1.3    Asia Pacific
            9.5.1.4    Latin America
            9.5.1.5    Middle East and Africa
10    Regional Analysis
    10.1    North America
        10.1.1    Historical Trend (2015-2019)
        10.1.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        10.2.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        10.3.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        10.4.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        10.5.2    Forecast Trend (2020-2025)
        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    EMR’s Key Indicators for Demand
    11.4    EMR’s Key Indicators for Price
12    Value Chain Analysis
13    Price Analysis
    13.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
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    Key Players’ Market Share
    17.3    Company Profiles
        17.3.1    Ferrero International 
            17.3.1.1    Company Overview
            17.3.1.2    Product Portfolio
            17.3.1.3    Demographic Reach and Achievements
            17.3.1.4    Financial Summary
            17.3.1.5    Certifications
        17.3.2    Nestlé
            17.3.2.1    Company Overview
            17.3.2.2    Product Portfolio
            17.3.2.3    Demographic Reach and Achievements
            17.3.2.4    Financial Summary
            17.3.2.5    Certifications 
        17.3.3    Mondelez International, Inc.
            17.3.3.1    Company Overview
            17.3.3.2    Product Portfolio
            17.3.3.3    Demographic Reach and Achievements
            17.3.3.4    Financial Summary
            17.3.3.5    Certifications 
        17.3.4    Amul
            17.3.4.1    Company Overview
            17.3.4.2    Product Portfolio
            17.3.4.3    Demographic Reach and Achievements
            17.3.4.4    Financial Summary
            17.3.4.5    Certifications
        17.3.5    Ritter Sport
            17.3.5.1    Company Overview
            17.3.5.2    Product Portfolio
            17.3.5.3    Demographic Reach and Achievements
            17.3.5.4    Financial Summary
            17.3.5.5    Certifications 
        17.3.6    The Hershey Company
            17.3.6.1    Company Overview
            17.3.6.2    Product Portfolio
            17.3.6.3    Demographic Reach and Achievements
            17.3.6.4    Financial Summary
            17.3.6.5    Certifications 
        17.3.7    Others
18    Industry Events and Developments


List of Figures and Tables

1.    Global Chocolate Market: Key Industry Highlights, 2015 and 2025
2.    Global Chocolate Historical Market: Breakup by Product (USD Billion), 2015-2019
3.    Global Chocolate Market Forecast: Breakup by Product (USD Billion), 2020-2025
4.    Global Chocolate Historical Market: Breakup by Packaging (USD Billion), 2015-2019
5.    Global Chocolate Market Forecast: Breakup by Packaging (USD Billion), 2020-2025
6.    Global Chocolate Historical Market: Breakup by End Use (USD Billion), 2015-2019
7.    Global Chocolate Market Forecast: Breakup by End Use (USD Billion), 2020-2025
8.    Global Chocolate Historical Market: Breakup by Region (USD Billion), 2015-2019
9.    Global Chocolate Market Forecast: Breakup by Region (USD Billion), 2020-2025
10.    Global Dark Chocolate Market: Key Industry Highlights, 2015 and 2025
11.    Global Dark Chocolate Historical Market: Breakup by Distribution Channel (USD Billion), 2015-2019
12.    Global Dark Chocolate Market Forecast: Breakup by Distribution Channel (USD Billion), 2020-2025
13.    Global Dark Chocolate Historical Market: Breakup by Region (USD Billion), 2015-2019
14.    Global Dark Chocolate Market Forecast: Breakup by Region (USD Billion), 2020-2025
15.    North America Dark Chocolate Historical Market: Breakup by Country (USD Billion), 2015-2019
16.    North America Dark Chocolate Market Forecast: Breakup by Country (USD Billion), 2020-2025
17.    Europe Dark Chocolate Historical Market: Breakup by Country (USD Billion), 2015-2019
18.    Europe Dark Chocolate Market Forecast: Breakup by Country (USD Billion), 2020-2025
19.    Asia Pacific Dark Chocolate Historical Market: Breakup by Country (USD Billion), 2015-2019
20.    Asia Pacific Dark Chocolate Market Forecast: Breakup by Country (USD Billion), 2020-2025
21.    Latin America Dark Chocolate Historical Market: Breakup by Country (USD Billion), 2015-2019
22.    Latin America Dark Chocolate Market Forecast: Breakup by Country (USD Billion), 2020-2025
23.    Middle East and Africa Dark Chocolate Historical Market: Breakup by Country (USD Billion), 2015-2019
24.    Middle East and Africa Dark Chocolate Market Forecast: Breakup by Country (USD Billion), 2020-2025
25.    North America Historical Price Trends and Forecast 2015-2025
26.    Europe Historical Price Trends and Forecast 2015-2025
27.    Asia Pacific Historical Price Trends and Forecast 2015-2025
28.    Latin America Historical Price Trends and Forecast 2015-2025
29.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
30.    Global Dark Chocolate Market Structure

Key Questions Answered in the Report

In 2019, the global dark chocolate market attained a value of nearly USD 48.1 billion. 

The market is projected to grow at a CAGR of 7% between 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 72.2 billion by 2025. 

The major drivers of the industry, such as increasing disposable incomes, rising product consumption in the food and beverage sector, extensive use of the product in various sectors, and rising awareness of high nutritional benefits, are expected to aid the market growth.

The key trend guiding the growth of the market include the evolving eating preferences and the rising awareness of the health benefits.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Western Europe accounting for the largest share in the market. 

Supermarkets and hypermarkets, convenience stores, and non-grocery retailers, among others, are the major distribution channels of the product in the industry.

The major players in the industry 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 48.1 billion in 2019 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 2020-2025, growing at a CAGR of 7%. The dark chocolate market is projected to reach USD 72.2 billion by 2025. 

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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