Chocolate Market size was valued at USD 130.72 Billion in 2024 and is projected to reach USD 172.89 Billion by 2030. Along with a CAGR of 4.17%.

Snapshot img

Chocolate Market Size 2025-2029

The chocolate market size is forecast to increase by USD 52.7 billion, at a CAGR of 5.1% between 2024 and 2029.

The market is characterized by the increasing trend towards premiumization, as consumers seek high-quality, artisanal, and ethically-sourced chocolate products. Simultaneously, innovation in chocolate packaging continues to shape the market landscape, with manufacturers focusing on sustainable, eco-friendly, and visually appealing solutions to differentiate their products. However, the market faces challenges in the form of unstable cocoa prices and declining per capita consumption in some regions. These challenges necessitate strategic planning and agility from market players, as they navigate price fluctuations and adapt to evolving consumer preferences.
To capitalize on opportunities and mitigate risks, companies must focus on sustainable sourcing, product innovation, and effective marketing strategies. By staying attuned to these market dynamics, chocolate manufacturers can position themselves for long-term success in this dynamic and evolving market.

What will be the Size of the Chocolate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

The market continues to evolve, with dynamic market dynamics shaping its various sectors. Milk solids remain a crucial component, as manufacturers strive for optimal product quality and consumer preferences shift towards milk chocolate. Chocolate spread and hot chocolate segments experience growth, driven by innovation and expanding application areas. Supply chain management plays a pivotal role, with cocoa butter and import markets influencing production capacity. E-commerce sales surge, disrupting traditional distribution channels. Dark chocolate, with its health benefits, gains popularity, while premium chocolate and gourmet offerings cater to discerning consumers. Ingredient sourcing, including fair trade cocoa beans, and pricing strategies are critical factors.

Shelf life and food safety concerns are addressed through rigorous quality control measures. The market's continuous unfolding is reflected in the emergence of new product categories, such as chocolate liquor and chocolate syrup. Cocoa nibs and white chocolate find applications in various industries, from food and beverage to cosmetics. Brand loyalty and consumer preferences shape the competitive landscape, with mass production and candy making companies vying for market share. Waste management and sustainability become increasingly important considerations. The market's evolution underscores its versatility and adaptability, as it caters to diverse consumer demands and industry trends.

How is this Chocolate Industry segmented?

The chocolate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Milk chocolate
  Dark chocolate
  White chocolate


Distribution Channel

  Offline
  Online


Type

  Traditional
  Artificial


Cocao Content

  Low (60%)


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Product Insights

The milk chocolate segment is estimated to witness significant growth during the forecast period.

The market encompasses various product categories, including gourmet chocolate, milk chocolate, and chocolate candies. Milk chocolate, made with milk and containing 10%-20% cocoa solids and milk solids, is a popular choice due to its smoother, creamier taste. However, health concerns have led to a decrease in demand, with each pound containing approximately 2,300 calories, 140 grams of fat, and 100 milligrams of cholesterol. Product innovation continues to drive the market, with new flavors and product lines introduced regularly. Export markets and fair trade practices have expanded, ensuring ethical sourcing of cocoa beans and premium ingredients. Production capacity has increased, enabling mass production while maintaining quality control.

Consumer preferences for dark chocolate and healthier options have influenced pricing strategies. Distribution channels have expanded to include e-commerce sales and retail outlets. Ingredient sourcing, shelf life, and food safety are critical considerations. Cocoa powder, chocolate chips, chocolate bars, chocolate spread, hot chocolate, chocolate liquor, cocoa butter, and import markets are integral components of this dynamic market. Supply chain management and waste

Global chocolate market worth at USD 135.75 Billion in 2024, is expected to surpass USD 191.48 Billion by 2034, with a CAGR of 3.5% from 2025 to 2034.

The Chocolate Market report segments the industry into Confectionery Variant (Dark Chocolate, Milk and White Chocolate), Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others), and Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Five years of historical data and five-year forecasts are provided.

The global chocolate market size was valued at USD 45.95 Billion in 2024. The industry is expected to grow at a CAGR of 4.90% during the forecast period of 2025-2034 to reach a valuation of USD 74.14 Billion by 2034.

Cocoa and Chocolate Market projected to exceed USD 69.1 billion by 2030, growing at a CAGR of 4.6%.

The global industrial chocolate market is projected to grow from USD 63.8 billion in 2025 to USD 99.6 billion by 2035, registering a CAGR of 4.7% during the forecast period.

Metric	Value
Industry Size (2025E)	USD 63.8 billion
Industry Value (2035F)	USD 99.6 billion
CAGR (2025 to 2035)	4.7%

Analyzing Industrial Chocolate Market by Top Investment Segments

Segment	Value Share (2025)
Cocoa Butter (Product)	42.3%

Segment	Value Share (2025)
Bakery (Application)	56.6%

Country-wise CAGR Analysis of the Industrial Chocolate Market (2025 to 2035)

Countries	CAGR (2025 to 2035)
USA	5.2%
UK	4.8%
France	4.5%
Germany	4.9%
Italy	4.6%
South Korea	5.5%
Japan	4.3%
China	6.1%
Australia	4.7%
New Zealand	4.4%

Mexico's chocolate industry continues to sweeten the nation's economy, with production values reaching ***** billion Mexican pesos in 2023. This figure marks a significant increase from just a decade ago, highlighting the sector's growth and importance within Mexico's broader confectionery market. The steady rise in chocolate production value reflects both domestic demand and the country's position in the global chocolate trade. Growth in confectionery manufacturing The chocolate sector is part of a larger thriving confectionery industry in Mexico. In 2023, the sugar and confectionery manufacturing industry saw its production value climb to over *** billion Mexican pesos, representing a * percent increase from the previous year. This growth underscores the robust nature of Mexico's sweet treats market, with chocolate playing a crucial role in driving overall industry expansion. Cocoa cultivation supports chocolate production Mexico's chocolate industry is supported by domestic cocoa production, particularly in the southern states. In 2023, Tabasco led cocoa cultivation with over ****** hectares dedicated to the crop, followed by Chiapas with nearly ****** hectares. The total area of cocoa cultivated in Mexico reached over ****** hectares that year, providing a steady supply of raw materials for chocolate manufacturers. This agricultural base contributes to the industry's ability to maintain high production values and meet market demands.

In 2024, the chocolate confectionery market generated a revenue of approximately 133.6 billion U.S. dollars worldwide. According to estimates of the Statista Digital Market Outlook, the generated revenue in this market is expected to increase in the coming years, reaching a value of 168.6 billion dollars in 2029. Chocolate shopping in Canada In 2020, almost 28 percent of Canadians stated they bought chocolate a few times a month, making it the most common purchasing rate among Canadian consumers. It is rare for people in Canada to buy chocolate every single day. For over half of consumers within the country, monthly chocolate spending would typically amount to anywhere between one and 15 Canadian dollars. Chocolate brands in North America In the same year, Canada’s favorite brand of chocolate was Lindt, a Swiss confectionery brand. Other favorites included Cadbury, Hershey’s, and Ferrero. Consumers in the United States favored Hershey's about twice as often as Lindt. Approximately 70 percent of U.S. respondents who knew Hershey's consumed the brand's products.

The demand for Low-calorie Chocolate market is expected to be valued at USD 1.30 Billion in 2025, forecasted at a CAGR of 6.6% to have an estimated value of USD 2.48 Billion from 2025 to 2035. From 2020 to 2025 a CAGR of 5.9% was registered for the market.

Attributes	Description
Estimated Global Industry Size (2025E)	USD 1.30 Billion
Projected Global Industry Value (2035F)	USD 2.48 Billion
Value-based CAGR (2025 to 2035)	6.6%

Country wise Insights

Country	CAGR 2025 to 2035
United States	3.9%
Germany	5.2%
China	6.6%

Category-wise Insights

Segment	Value Share (2025)
Conventional (Nature)	67%

Segment	Value Share (2025)
Dark Chocolate (Product Type)	43%

The global market size of North Industrial Chocolate is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global North Industrial Chocolate Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global North Industrial Chocolate industry. The key insights of the report:
1.The report provides key statistics on the market status of the North Industrial Chocolate manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of North Industrial Chocolate industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of North Industrial Chocolate Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of North Industrial Chocolate as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of North Industrial Chocolate market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

The global chocolate confectionery market is slated to reach USD 167.1 billion in 2025. The industry is poised to witness 7.1% CAGR from 2025 to 2035, registering USD 334.2 billion by 2035.

Metrics	Values
Industry Size (2025E)	USD 167.1 billion
Industry Value (2035F)	USD 334.2 billion
CAGR (2025 to 2035)	7.1%

Segmentation

Segment	Value Share (2025)
Chocolate Bars	31.7%

Segment	Value Share (2025)
Milk	46.4%

Country-wise Analysis

Countries	CAGR (2025 to 2035)
USA	6.9%
UK	7.2%
France	7.5%
Germany	6.8%
Italy	7.3%
South Korea	8.0%
Japan	7.6%
China	8.5%
Australia	7.4%
New Zealand	7.5%

Competitive Outlook

Company	Industry Share
The Hershey Company	15-20%
Ferrero	10-15%
Chocoladefabriken Lindt & Sprüngli AG	7-10%
Mars, Incorporated	12-16%
Mondelēz International	8-12%
Nestlé	7-10%
CEMOI Group	2-4%
Barry Callebaut	3-5%
Lake Champlain Chocolates	1-2%
LOTTE	2-4%

The Cocoa Value Chain Market report provides an overview of key industry trends. Get five years of historical data alongside five-year market forecasts.

The global Chocolate Market is projected to reach USD 255.58 billion by 2034 With at a CAGR of 5.6% during the forecast period.

The revenue in the 'Chocolate Confectionery' segment of the food market in the United States was forecast to continuously increase between 2025 and 2030 by in total *** billion U.S. dollars (+***** percent). After the tenth consecutive increasing year, the revenue is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the 'Chocolate Confectionery' segment of the food market was continuously increasing over the past years.Find other key market indicators concerning the revenue growth and average consumption per capita.The Statista Market Insights cover a broad range of additional markets.

The global dark chocolate market, as revealed in a new study published by Fact.MR, is expected to reach US$ 69.97 billion in 2024. Over the forecasted period from 2024 to 2034, revenue from the sales of dark chocolate is forecasted to advance at a CAGR of 7.2%, culminating in a market value of US$ 140.25 billion by 2034-end.

Report Attribute	Detail
Dark Chocolate Market Size (2024E)	US$ 69.97 Billion
Forecasted Market Value (2034F)	US$ 140.25 Billion
Global Market Growth Rate (2024 to 2034)	7.2% CAGR
Market Share of Organic Dark Chocolate (2034F)	55.4%
North America Market Share (2034F)	24.3%
Canada Market Growth Rate (2024 to 2034)	7.7% CAGR
Key Companies Profiled	Mondelez International; The Hershey Company; GCPPL Ltd.; Agostoni Chocolate; Barry Callebaut; Nestlé SA; Unilever and Mars Incorporated; Ghirardelli Chocolate Co.; Chocolatiers (UK) Ltd.; Godiva; Lindt & Sprungli AG; Patchi; Blommer Chocolate Company.

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 7.44 Billion
Growth Rate (2024 to 2034)	7.6% CAGR
Projected Value (2034F)	US$ 15.54 Billion

Attribute	China
Market Value (2024E)	US$ 7.66 Billion
Growth Rate (2024 to 2034)	7.2% CAGR
Projected Value (2034F)	US$ 15.39 Billion

Attribute	Japan
Market Value (2024E)	US$ 4.53 Billion
Growth Rate (2024 to 2034)	7.7% CAGR
Projected Value (2034F)	US$ 9.52 Billion

Category-wise Insights

Attribute	Organic Chocolate
Segment Value (2024E)	US$ 37.81 Billion
Growth Rate (2024 to 2034)	7.5% CAGR
Projected Value (2034F)	US$ 77.7 Billion

Attribute	Food & Beverages
Segment Value (2024E)	US$ 53.88 Billion
Growth Rate (2024 to 2034)	7.1% CAGR
Projected Value (2034F)	US$ 106.59 Billion

The premium chocolate market is expected to attain Frequent with a value of USD 7,400 million by 2025, after arrangement of a growing market of corresponding extent inside its skyline. From 2025 to 2035, the market is smudges with an 8.7% compound annual growth rate (CAGR), with an estimated 2035 value of USD 17,100 million. Demand for premium chocolate in both developed and emerging markets continues to be driven by a shift in consumer preference towards artisanal, organic and sustainably-produced chocolate coupled with rising disposable incomes and increasing sophistication of tastes.

Attributes	Description
Estimated Size (2025E)	USD 7,400 million
Projected Value (2035F)	USD 17,100 million
Value-based CAGR (2025 to 2035)	8.7%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	8.4%
H2 (2024 to 2034)	8.5%
H1 (2025 to 2035)	8.6%
H2 (2025 to 2035)	8.7%

Country-wise Insights

Countries	CAGR, 2025 to 2035
USA	7.4%
Germany	7.9%
China	9.5%
Japan	8.3%
India	10.2%

Category-Wise Insights

Segment	Value Share (2025)
Dark Chocolate (By Product Typ)	62.6%

Segment	Value Share (2025)
Online Retail (By Distribution Channel)	27%

Global Switzerland Chocolate market size was $1.63 Billion in 2021 and it is forecasted to reach $2.11 Billion by 2029. Switzerland Chocolate Industry's Compound Annual Growth Rate will be 3.28% from 2023 to 2030. Factors Impacting Switzerland Chocolate Market

Switzerland has a long history of chocolate production as the country began chocolate processing in the early 1800s. Swiss chocolate makers have had centuries to perfect their craft and develop their unique style of chocolate making. The high quality and rich flavor of chocolate made in Switzerland is the primary factor driving the growth of Switzerland chocolate market. Rising awareness about health benefits of high-quality chocolate among people helps to accelerate the demand for chocolates. In addition, increasing demand for vegan, organic, gluten-free, and sugar-free chocolates creates opportunities and drives the chocolate market in the coming years. The regulations by Switzerland government for high-quality chocolate production set a reputation, that helps the market to grow at the domestic as well as international level. For instance, several Swiss chocolate brands such as Nestlé, Lindt & Sprüngli, Lindt and Toblerone are well known internationally. According to the survey of the year 2017, Switzerland was the leading country in chocolate consumption per capita. Chocolate is often used in the production of various confectionery products such as chocolate bars, truffles, and chocolate-covered nuts and fruits. The economic and political stability in the country drives the overall food and confectionery industry. Furthermore, the country is a popular tourist destination, which leads to an increase in demand for Swiss chocolate. Despite the strong chocolate market, Switzerland is the ninth-largest European importer of cocoa beans. The main cocoa-producing countries are in West Africa, South America, and Asia. The cocoa beans used in Swiss chocolate are primarily sourced from these countries and then imported to Switzerland for processing. However, the high production cost and the high price of the chocolate might affect the chocolate market in Switzerland. What is Switzerland Chocolate?

Chocolate is a very popular and sweet, food item made from cocoa beans. It is commonly used in desserts, confections, and as a flavoring ingredient in various foods. Swiss chocolate is known for its high quality and rich taste. The chocolate is made from cocoa beans that are carefully selected and roasted to create a smooth and creamy texture. Swiss chocolate is also known for its precise conching, which is a process of grinding and blending the chocolate for a long period of time to develop its flavor and texture. Additionally, Swiss chocolate makers often use high-quality ingredients such as fresh cream and butter, which contribute to the unique taste and texture of Swiss chocolate.

The global Chocolate Market size is expected to reach USD 161.99 Billion in 2032 registering a CAGR of 3.4%. Our report provides a comprehensive overview of the industry, including key players, market share, growth opportunities and more.

Explore the expected growth of the global chocolate and cocoa market over the next decade, driven by increasing demand. Market volume is projected to reach 34M tons by 2035, with a value of $210.2B.