Global Chocolate Market 2021-2025

Global Chocolate Market 2021-2025

Technavio has been monitoring the chocolate market and it is poised to grow by $ 41.72 bn during 2021-2025, progressing at a CAGR of almost 5% during the forecast period. Our report on chocolate market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing premiumization of chocolates and increasing marketing activities. In addition, increasing premiumization of chocolates is anticipated to boost the growth of the market as well.



The chocolate market analysis includes product segment and geographic landscape.

Technavio's chocolate market is segmented as below:

By Product

  • Milk chocolate
  • Dark chocolate
  • White chocolate


  • By Geography

  • Europe
  • North America
  • APAC
  • South America
  • MEA
This study identifies the new product launches as one of the prime reasons driving the chocolate market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on chocolate market covers the following areas:
  • Chocolate market sizing
  • Chocolate market forecast
  • Chocolate market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading chocolate market vendors that include Arcor Group, Delfi Ltd., Ferrero International SA, Lindt and Sprüngli Group, Mars Inc., Mondelez International Inc., Nestle SA, The Australian Carob Co., The Hershey Co., and Yildiz Holding A.S. Also, the chocolate market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value Chain Analysis: Packaged foods and meats
      • Input
      • Inbound logistics
      • Primary processing
      • Secondary and tertiary processing
      • Outbound logistics
      • End-customers
      • Marketing and sales
      • Services
      • Innovations
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025
      • Table Global - Market size and forecast 2020 - 2025 ($ billion)
      • Table Global market: Year-over-year growth 2020 - 2025 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2020 & 2025
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2020
  • Market Segmentation by Product
    • Market segments
      • Table Product - Market share 2020-2025 (%)
    • Comparison by Product
      • Table Comparison by Product
    • Milk chocolate - Market size and forecast 2020-2025
      • Table Milk chocolate - Market size and forecast 2020-2025 ($ billion)
      • Table Milk chocolate - Year-over-year growth 2020-2025 (%)
    • Dark chocolate - Market size and forecast 2020-2025
      • Table Dark chocolate - Market size and forecast 2020-2025 ($ billion)
      • Table Dark chocolate - Year-over-year growth 2020-2025 (%)
    • White chocolate - Market size and forecast 2020-2025
      • Table White chocolate - Market size and forecast 2020-2025 ($ billion)
      • Table White chocolate - Year-over-year growth 2020-2025 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product
  • Customer landscape
    • Overview
      • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2020-2025 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Europe - Market size and forecast 2020-2025
      • Table Europe - Market size and forecast 2020-2025 ($ billion)
      • Table Europe - Year-over-year growth 2020-2025 (%)
    • North America - Market size and forecast 2020-2025
      • Table North America - Market size and forecast 2020-2025 ($ billion)
      • Table North America - Year-over-year growth 2020-2025 (%)
    • APAC - Market size and forecast 2020-2025
      • Table APAC - Market size and forecast 2020-2025 ($ billion)
      • Table APAC - Year-over-year growth 2020-2025 (%)
    • South America - Market size and forecast 2020-2025
      • Table South America - Market size and forecast 2020-2025 ($ billion)
      • Table South America - Year-over-year growth 2020-2025 (%)
    • MEA - Market size and forecast 2020-2025
      • Table MEA - Market size and forecast 2020-2025 ($ billion)
      • Table MEA - Year-over-year growth 2020-2025 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increasing premiumization of chocolates
      • New product launches
      • Increasing marketing activities
    • Market challenges
      • Unstable cocoa prices and declining per capita consumption
      • Product recalls
      • Growing health concerns about diabetes and obesity
        • Table Impact of drivers and challenges
    • Market trends
      • Increasing packaging innovations
      • Growing demand for healthier chocolates
      • Increasing demand for gluten-free chocolates and growing trend of clean labeling
  • Vendor Landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
    • Competitive scenario
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Arcor Group
      • Table Arcor Group – Overview
      • Table Arcor Group - Business segments
      • Table Arcor Group - Key offerings
      • Table Arcor Group - Segment focus
    • Delfi Ltd.
      • Table Delfi Ltd. – Overview
      • Table Delfi Ltd. - Product and service
      • Table Delfi Ltd. - Key offerings
    • Ferrero International SA
      • Table Ferrero International SA – Overview
      • Table Ferrero International SA - Product and service
      • Table Ferrero International SA - Key offerings
    • Lindt and Sprüngli Group
      • Table Lindt and Sprüngli Group – Overview
      • Table Lindt and Sprüngli Group - Business segments
      • Table Lindt and Sprüngli Group - Key offerings
      • Table Lindt and Sprüngli Group - Segment focus
    • Mars Inc.
      • Table Mars Inc. – Overview
      • Table Mars Inc. - Product and service
      • Table Mars Inc. - Key offerings
    • Mondelez International Inc.
      • Table Mondelez International Inc. – Overview
      • Table Mondelez International Inc. - Business segments
      • Table Mondelez International Inc. - Key offerings
      • Table Mondelez International Inc. - Segment focus
    • Nestle SA
      • Table Nestle SA – Overview
      • Table Nestle SA - Business segments
      • Table Nestle SA - Key news
      • Table Nestle SA - Key offerings
      • Table Nestle SA - Segment focus
    • The Australian Carob Co.
      • Table The Australian Carob Co. – Overview
      • Table The Australian Carob Co. - Product and service
      • Table The Australian Carob Co. - Key offerings
    • The Hershey Co.
      • Table The Hershey Co. – Overview
      • Table The Hershey Co. - Business segments
      • Table The Hershey Co. - Key customers
      • Table The Hershey Co. - Segment focus
    • Yildiz Holding A.S.
      • Table Yildiz Holding A.S. – Overview
      • Table Yildiz Holding A.S. - Product and service
      • Table Yildiz Holding A.S. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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