Cocoa and chocolate Market to reach USD 68.31 Bn at a CAGR of 4.8 percent over the forecast period (2024-2030)

Cocoa and chocolate Market to reach USD 68.31 Bn at a CAGR of 4.8 percent over the forecast period (2024-2030)

“Cocoa and chocolate Market”
Cocoa and chocolate Market is segmented based on Product Type, Application, Nature and Distribution Channel. A bottom-up approach was used to estimate the Cocoa and chocolate Market size. Changing consumer behavior to boost the Cocoa and chocolate Market growth.

Stellar Market Research, a global Foods and Beverages market research firm has published a competitive intelligence and market research report on the “Cocoa and Chocolate Market. The Cocoa and chocolate Market size was valued at USD 49.20 Bn in 2023. The total Cocoa and chocolate Market revenue is expected to grow at a CAGR of 4.8 percent from 2023 to 2030, reaching USD 68.31 Bn during the forecast period.

Market Size in 2023   USD 49.20 Bn

Market Size in 2030   USD 68.31 Bn

CAGR   4.8 percent (2024-2030)

Forecast Period          2024-2030

Base Year        2023

Number of Pages       267

No. of Tables  122

No. of Charts and Figures      115

Segment Covered      By Product Type, Application and Distribution Channel

Regional Scope           North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage        Market Share, Size & Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, Stellar Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Cocoa and Chocolate Market Scope and Research Methodology

The report includes a detailed analysis of the Cocoa and chocolate Market. The competitive analysis in the report includes a company overview, financial performance, product portfolio, and strategies of the key players in the Cocoa and chocolate industry. Key insights provided in the report are the major drivers of the Market, the challenges faced by the market participants, and growth prospects in the Market across the world. The Cocoa and Chocolate Market report covers a detailed analysis of the investments of market players to increase their global presence in the industry, which makes it an investor’s guide.

The segments covered in the report are Type, Application, Nature, and Distribution Channel. Primary and Secondary research method was used to collect data for the Cocoa and chocolate market report. Primary research was conducted to validate the findings from the secondary research method.

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Cocoa and Chocolate Market Overview

Delight and innovation are key drivers of the cocoa and chocolate industry. The market is growing significantly, driven by customer desire for healthier alternatives and high-quality sugary treats. North America is the largest consumer and producer of chocolate globally. Increasing consumer preference for chocolate, particularly for gifting and treating as well as the Growing middle class in developing nations with more disposable income are driving the Cocoa and Chocolate Market. Fluctuations in cocoa bean prices owing to weather and political instability in major producing regions are challenging factors to the Cocoa and Chocolate Market. Innovation from giants like Barry Callebaut promises a delicious and diverse chocolate future.

Growing Consumer Demands for chocolate Products

Chocolate manufacturers are continuously working to fulfill the constantly changing demands of customers through the introduction of innovative and tempting products. It includes creating innovative flavors, textures, and formats, as well as incorporating efficient ingredients such as nuts, fruits, and spices. Also, there is a growing trend towards smaller portion sizes and individually wrapped chocolates, which cater to on-the-go consumption and promote portion control. A growing interest in research on the various health benefits of cocoa, especially dark chocolate. It has the potential to improve heart health and include antioxidants, and mood-boosting properties, contributing to its growing popularity.  Demand for chocolates with a higher cocoa content has been driven growth of the Cocoa and chocolate Market. An increasing prevalence of lactose intolerance among the population has encouraged consumers to shift to non-animal-based food ingredients such as cocoa products.

Cocoa and Chocolate Market Regional Analysis

North America has dominated the Cocoa and Chocolate Market, which held the largest market share accounting for 45.6% in 2023, the region is expected to grow during the forecast period and maintain its dominance by 2030. North America consistently ranks as one of the top-selling regions in the global cocoa and chocolate market, driven by its large and affluent consumer base, strong retail distribution networks, and a culture deeply rooted in chocolate consumption. North America has dominated because of the increasing demand for chocolate-based confectioneries and the rising adoption of chocolate ingredients to infuse food products such as indulgent snacks, chocolate-flavored ice creams, and cocoa bars, is expected to drive the uptake of cocoa products and thus drive the Cocoa and chocolate market’s growth.

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Cocoa and Chocolate Market Segmentation

By Type

  • Cocoa Ingredients
  • Cocoa Butter
  • Cocoa Liquor
  • Cocoa Powder
  • Chocolate
  • Dark
  • Milk
  • White
  • Filled

By Application

  • Food & Beverages
  • Confectionery
  • Dairy
  • Bakery
  • Cosmetics
  • Pharmaceuticals
  • Others

By Nature

  • Organic
  • Conventional

By Distribution Channel

  • Online
  • Offline

Cocoa and chocolate Market key players include

  • Mars, Inc. (US)
  • Mondelez International (US)
  • Nestle S.A. (Switzerland)
  • Meiji Holding Co. Ltd. (Japan
  • Ferrero International (Italy)
  • Olam Group (Singapore)
  • Barry Callebaut (Switzerland)
  • Cargill Incorporated (US)
  • Cocoa Processing Company (Ghana)
  • Archer Daniels Midland (ADM) Company (U.S.)
  • Chocoladefabriken Lindt & Sprüngli AG (Switzerland)
  • Pladis Global(UK).
  • Kerry (Ireland)
  • Foley’s Candies LP
  • TCHO (U.S.)
  • Ghirardelli (U.S.)
  • Alpezzi Chocalate (Mexico)
  • Valrhona (France)
  • Guittard (U.S.)
  • Irca (Belgium)
  • Hershey (U.S.)

Key questions answered in the Cocoa and chocolate Market are:

  • What are the Cocoa and Chocolate Markets?
  • What was the Cocoa and chocolate market size in 2023?
  • What is the expected Cocoa and chocolate market size by 2030?
  • What is the growth rate of the Cocoa and chocolate Market?
  • Which are the factors expected to drive the Cocoa and chocolate market growth?
  • Which segment dominated the Cocoa and chocolate market growth?
  • What is the demand pattern for the Cocoa and chocolate market?
  • Which region held the largest share of the Cocoa and chocolate market?
  • Who are the key players in the Cocoa and chocolate market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by Different Segments | 2023−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Type, Application, and Nature, Distribution Channel
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Stellar Market Research is leading Consumer Goods & Services firm, has also published the following reports:

Monaco Durian Chocolate MarketThe total market size was valued at USD 29.47 MN in 2023 and is expected to reach USD 48.26 Bn by 2030, at a CAGR of 7.3 percent. With the strange combination of the repulsive durian and the rich taste of chocolate, the durian chocolate market in Monaco is rising market growth.

Chocolate, Cocoa Beans, Lecithin, Sugar and Vanilla MarketThe total market size was valued at USD 155.3 Bn. in 2023 and the total market revenue is expected to grow by 8.2 percent from 2024 to 2030, reaching USD 269.69 Bn. Rising Consumer Demand and Health Trends Propel Growth in Dark Chocolate is driving the market.

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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