The UK Chocolate Market is segmented by Confectionery Variant (Dark Chocolate, Milk and White Chocolate) and by Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others). Market Value in USD and Volume are both presented. Key data points observed include market segmental split by confections, confectionery variant, sugar content, and distribution channel.

The size of the UK Chocolate Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.32% during the forecast period. The UK Chocolate Industry covers the manufacturing, delivery, and enjoyment of various types of chocolate, such as dark, milk, and white chocolate. Strong consumer demand for chocolate, used in confectionery, bakery, and dairy products, is the driving force behind this market. Recent patterns show an increasing desire for high-quality and handcrafted chocolates, along with a rising popularity of incorporating chocolate into creative flavor pairings. Challenges in the market include varying prices of raw materials and strict regulatory standards. On the other hand, factors driving growth consist of increasing disposable incomes and the growth of the bakery and confectionery industries. Key players are putting money into research and development to come up with new ideas and broaden their range of products. Important advancements in the market involve the introduction of new products and forming strategic partnerships to improve market expansion and customer involvement. The British chocolate sector is set to experience consistent expansion due to rising consumption and ongoing innovation in products. Recent developments include: June 2021: The Puratos, United Kingdom-based company, launched two new Belgian chocolate products with 40% less sugar than their previous offerings., April 2020: Brenntag Food & Nutrition and Cargill expanded their distribution relationship in the United Kingdom and Ireland to include cocoa and chocolate., January 2020: Swiss chocolate and cocoa products company Barry Callebaut has opened a new branch of its Chocolate Academy in Banbury, United Kingdom.. Key drivers for this market are: Wide Applications and Functionality, Demand For Gluten-Free Products. Potential restraints include: Easy Availability of Economically Feasible Alternatives. Notable trends are: Upsurge in Consumption of Bakery and Confectionery Products.

The UK Chocolate Market size was valued at USD 11240 Million in 2023 and is projected to reach USD 17990 Million by 2032, exhibiting a CAGR of 6.20">> 6.20 % during the forecast periods. It is dynamic, as consumer demand in the UK for a myriad of innovative chocolate products is very high. The market is accompanied by upscale and better chocolate products and is infused with a dimension of artisanal products, ethical sourcing, multiple flavors, and textures. Chocolate products can be used in a range of confectionery applications, snacks, desserts, and more. Important types include milk, dark, white, and specialty chocolates. Further, technologies used are conching, tempering, and microencapsulation that are inculcated to improve the quality of the product. The market bears a positive effect on economy and follows the trends towards a healthier and ethically sourced consumption style. Strengths are a wide product category and continuous innovation in line with customer preferences for premium and ethically sourced products. Recent developments include: March 2023: Whitakers Chocolates unveiled its investment in enhancing its printing process and flow wrapping capabilities as it expands its chocolate production focused on private label ranges. The company’s launch product is a 90-gram flow wrap square pack of dark chocolate Fondant Creams.October 2022: Barry Callebaut introduced the second generation of chocolate. By design, the second generation of chocolate puts ‘cocoa first, sugar last.’ Dark chocolate is only made from cocoa and sugar; milk chocolate contains dairy as well.February 2022: Nestlé unveiled new chocolates and sweets, including KitKat Biscoff Giant Egg and Aero Melts. Nestlé unveiled an array of new goodies for chocolate and sweet lovers that will land on UK shelves.. Key drivers for this market are: Increasing awareness towards fitness among consumers, Demand for convenient fortified foods. Potential restraints include: Increasing vegan culture in the market. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

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Dark Chocolate Market Size 2025-2029

The dark chocolate market size is forecast to increase by USD 37.37 billion at a CAGR of 9.1% between 2024 and 2029.

The market experiences robust growth, fueled by the health benefits associated with its consumption. Consumers' increasing preference for gourmet, artisanal, vegan, and gluten-free dark chocolate variants underscores this trend. The health benefits, including improved heart health and cognitive function, further bolster market expansion. However, market growth faces challenges. Volatility in raw material prices, particularly cocoa beans, poses significant risks to manufacturers. Regulatory hurdles impacting labeling requirements and import/export regulations also temper growth potential.
To capitalize on market opportunities and navigate challenges effectively, companies must focus on supply chain optimization, price transparency, and innovation to cater to diverse consumer preferences. Strategic partnerships and collaborations can help mitigate risks and ensure a steady supply of high-quality raw materials. However, the market's expansion is not without challenges. Volatility in raw material prices, primarily cocoa beans, poses a significant hurdle. Supply chain inconsistencies, particularly in sourcing sustainable and ethically produced cocoa, also temper growth potential.

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

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In the dynamic chocolate market, various segments continue to gain traction among consumers. Gluten-free and sugar-free options cater to dietary needs, while couverture and extra dark varieties appeal to those seeking intense flavors. Sustainability is a key trend, with fair trade, ethical, and sustainable chocolate gaining popularity. Luxury chocolate brands showcase their offerings at chocolate fairs and exhibitions, while gourmet chocolate makers conduct masterclasses and tastings for connoisseurs. Bean-to-bar and artisan chocolate producers traceability and single-origin origins. Cocoa processing and manufacturing techniques evolve, focusing on premium quality and preservation. Dried fruits, such as blueberries, are often added to dark chocolate for an extra health boost.
Chocolate decoration and packaging innovations enhance the overall consumer experience. Chocolate connoisseurs and sommeliers pair chocolate with wine, while vegan and low-sugar options cater to diverse palates. Chocolate production workshops and molding classes provide hands-on experiences for enthusiasts. Overall, the chocolate industry continues to evolve, offering a wide range of options for discerning consumers.

How is this Dark Chocolate Industry segmented?

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

Type

  Conventional
  Organic


Distribution Channel

  Offline
  Online


Product Type

  70 percent cocoa dark chocolate
  75 percent cocoa dark chocolate
  80 percent cocoa dark chocolate
  90 percent cocoa dark chocolate


Geography

  North America

    US
    Canada


  Europe

    Belgium
    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By Type Insights

The conventional segment is estimated to witness significant growth during the forecast period. In the dynamic market, a range of products cater to diverse consumer tastes and preferences. Dark chocolate bars, available in various cocoa percentages from semi-sweet to bittersweet, remain a popular choice. Their smooth textures and rich cocoa flavors appeal to chocolate connoisseurs. Dark chocolate blocks, utilized in baking and confectionery applications, provide versatility for creative culinary endeavors. Additionally, convenient dark chocolate pieces or chunks are ideal for snacking or recipe integration. The market also offers an extensive selection of flavored dark chocolate products, infused with fruits, nuts, spices, and herbs, adding complexity and depth to taste profiles. Dark chocolate blocks are also prominent, offering versatility in baking and confectionery applications.

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The Conventional segment was valued at USD 35.52 billion in 2019 and showed a gradual increase during the forecast period. Other forms include dark chocolate mousse, cake, beverages, syrup, ganache, and truffles. Furthermore, the market accommodates dietary preferences with offerings of vegan, gluten-free, and low-sugar dark chocolate. Cocoa solids and milk solids are essential ingredients in dark chocolate production, contributing to its distinct flavor and texture. Premium and luxury dark chocolate, gourmet and single-origin varieties, as well as intense and extra dark chocolate, ca

Sales in UK Chocolate Market are predicted to reach £7 billion in 2023 driven by consumer demand for upscale, responsible & decadent goods.

In UK Dark Chocolate Market, There is a growing demand for sustainably sourced and fair-trade certified dark chocolate, as consumers become more conscious of the environmental and ethical aspects of their food choices.

The UK chocolate market, a significant segment within the broader European confectionery landscape, exhibits robust growth potential. While precise market size figures for the UK specifically are unavailable from the provided data, extrapolating from the global CAGR of 3.32% and considering the UK's established confectionery market, a reasonable estimate for the 2025 UK chocolate market size could range between £2.5 billion and £3 billion. This growth is fueled by several key drivers: the enduring popularity of chocolate as a treat and indulgence, continuous innovation in product formats (e.g., vegan options, gourmet bars, healthier alternatives), and the increasing demand for premium and artisanal chocolates. The market is segmented by product type (dark, milk, white), form (chips, slabs, coatings), and application (bakery, confectionery, beverages). Dark chocolate, driven by health-conscious consumers seeking antioxidants, shows particularly strong growth potential. Premiumization is a major trend, with consumers willing to pay more for high-quality, ethically sourced, and uniquely flavored chocolate. However, factors such as economic fluctuations and increasing ingredient costs represent potential restraints on market expansion. Key players in the UK market include established international brands and smaller, specialized artisanal producers, reflecting the diverse range of consumer preferences. The market's future trajectory will likely be shaped by the ongoing trends towards sustainability, transparency in sourcing, and personalized consumer experiences. The competitive landscape is characterized by a mix of multinational giants and smaller, specialized players. Major players like Cargill, Barry Callebaut, and Puratos leverage their global scale and established supply chains, while smaller companies often focus on niche markets or specific product attributes (e.g., organic, fair-trade). The dominance of established brands notwithstanding, there is ample opportunity for smaller players to carve out market share by offering innovative products, appealing to specific consumer segments (e.g., health-conscious or ethically minded consumers), or concentrating on regional distribution. The growth of online retail channels provides additional avenues for smaller companies to reach a wider customer base. Successful future strategies will require a keen focus on understanding evolving consumer preferences, adapting to market shifts, and effectively managing supply chain challenges. The UK market's dynamism and growth prospects make it an attractive arena for both established and emerging players. Recent developments include: June 2021: The Puratos, United Kingdom-based company, launched two new Belgian chocolate products with 40% less sugar than their previous offerings., April 2020: Brenntag Food & Nutrition and Cargill expanded their distribution relationship in the United Kingdom and Ireland to include cocoa and chocolate., January 2020: Swiss chocolate and cocoa products company Barry Callebaut has opened a new branch of its Chocolate Academy in Banbury, United Kingdom.. Notable trends are: Upsurge in Consumption of Bakery and Confectionery Products.

In 2024, the UK chocolate bar with filling market increased by 13% to $682M, rising for the fifth year in a row after five years of decline. Overall, the total consumption indicated a moderate expansion from 2012 to 2024: its value increased at an average annual rate of +2.2% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +80.5% against 2019 indices.

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Chocolate Confectionery Market Size 2024-2028

The chocolate confectionery market size is forecast to increase by USD 31 billion at a CAGR of 4.36% between 2023 and 2028.

The market is experiencing significant growth, driven by the frequent product launches and packaging innovations in the industry. Consumers' increasing preference for premium and artisanal chocolate products, coupled with the expanding retail presence of these offerings, is fueling market expansion. However, the market faces challenges, including the rise in the number of product recalls due to contamination issues. These incidents can negatively impact brand reputation and consumer trust, necessitating stringent quality control measures. To capitalize on market opportunities and navigate challenges effectively, companies must prioritize product safety, invest in research and development for innovative offerings, and adopt sustainable and ethical sourcing practices. By staying abreast of consumer trends and market dynamics, chocolate confectionery players can position themselves for long-term success in this dynamic and competitive market.

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

Request Free SampleThe market experiences growth, fueled by consumers' enduring affection for premium quality chocolate products. Global chocolate consumption continues to rise, driven by the popularity of both mainstream and luxury indulgence offerings. Premium confectionery products, including milk mousse and creamy caramel, capture a significant market share due to their rich sensorial appeal. Health-conscious consumers seek out chocolate with label claims such as organic, sustainably sourced, and dark chocolate varieties, reflecting the trend towards healthy eating lifestyles. Exotic spices, floral notes, unexpected textures, and rare cocoa varieties add to the market's dynamic nature, catering to the diverse tastes of chocolate lovers. Artisanal chocolates, with their distinct flavor combinations, further expand the market landscape, offering a unique and luxurious experience.

How is this Chocolate Confectionery Industry segmented?

The chocolate confectionery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ProductChocolate barsBoxed assortments and seasonal variantsOthersDistribution ChannelOfflineOnlineGeographyEuropeGermanyUKNorth AmericaUSAPACChinaIndiaSouth AmericaMiddle East and Africa

By Product Insights

The chocolate bars segment is estimated to witness significant growth during the forecast period.The market is expected to grow steadily, with chocolate bars remaining the largest segment in 2023 and beyond. This segment includes countlines and molded bars. Countlines consist of individually wrapped, chocolate-coated bars, while molded bars are small chocolate pieces cut from larger blocks. Major brands such as Snickers, Milky Bar, Milka, Galaxy, 5 Star, Dove, and Cadbury Dairy Milk dominate the chocolate bars market. Innovative chocolate flavors and textures, as well as attractive packaging, are key growth drivers. Consumer preferences for premium quality products, including dark chocolate confectionery with health benefits, are influencing market trends. Peanut butter, milk mousse, creamy caramel, and other gourmet flavors are gaining popularity. Healthy eating lifestyles have led to the demand for sugar reduction, low-calorie, and sugar-free chocolate snacks. Premium chocolate brands, artisanal chocolates, and organic and sustainably sourced chocolate are also on the rise. Consumer packs, added sugar content, and seasonal treats are other market trends. Consumers' preferences for high-quality, gourmet chocolate products, visual appeal, and innovative varieties continue to shape the market.

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The Chocolate bars segment was valued at USD 50.50 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 33% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European the market is driven by the demand for premium quality products, particularly in the UK, Germany, France, Switzerland, Italy, Russia, the Netherlands, Poland, Belgium, and Spain. Major players in this market include Mars, Mondelez International, Barry Callebaut, Nestle, Ferrero, and Chocoladefabriken Lindt and Sprungli AG. The market is highly competitive, with a variety of offerings from both regional

The UK chocolate market, a significant player in the global confectionery landscape, is experiencing robust growth driven by several key factors. The rising disposable incomes within the UK, coupled with a strong preference for premium and artisanal chocolate, fuels demand across various segments. Consumers are increasingly seeking out ethically sourced and sustainable chocolate options, creating opportunities for brands focusing on transparency and social responsibility. Furthermore, innovative product development, including the introduction of new flavors, textures, and healthier alternatives (e.g., higher cocoa content, reduced sugar), contributes to market expansion. The convenience store channel remains a dominant distribution method, however, online retail is experiencing considerable growth, mirroring broader e-commerce trends. Competition remains intense, with both established multinational corporations and smaller artisanal producers vying for market share. Challenges include fluctuating cocoa prices and the ongoing pressure to maintain profitability in the face of increased input costs and consumer sensitivity to pricing. Within the UK chocolate market segmentation, dark chocolate is witnessing increasing popularity, driven by health-conscious consumers seeking antioxidants and a less sugary option. Milk chocolate maintains its significant market share, representing a staple for a broad range of consumers. White chocolate, while holding a smaller share, continues to enjoy steady growth, particularly in innovative product formulations. The supermarket/hypermarket segment remains the largest distribution channel, benefiting from established brand presence and consumer loyalty. However, the online retail sector shows considerable potential, benefiting from increasing accessibility and targeted marketing campaigns. Looking ahead, sustainable sourcing practices and greater product diversification will be crucial for success in this competitive and dynamic market. The continued popularity of gifting chocolates around holidays also plays a significant role in driving demand. We anticipate consistent growth in the coming years, reflecting the enduring appeal of chocolate as a treat and its integration into various aspects of British life. Recent developments include: March 2023: Whitakers Chocolates unveiled its investment in enhancing its printing process and flow wrapping capabilities as it expands its chocolate production focused on private label ranges. The company’s launch product is a 90-gram flow wrap square pack of dark chocolate Fondant Creams.October 2022: Barry Callebaut introduced the second generation of chocolate. By design, the second generation of chocolate puts ‘cocoa first, sugar last.’ Dark chocolate is only made from cocoa and sugar; milk chocolate contains dairy as well.February 2022: Nestlé unveiled new chocolates and sweets, including KitKat Biscoff Giant Egg and Aero Melts. Nestlé unveiled an array of new goodies for chocolate and sweet lovers that will land on UK shelves.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

UK Chocolate Market size was valued at USD 11.81 Billion in 2024 and is expected to reach USD 18.03 Billion by 2032, growing at a CAGR of 5.4% from 2026 to 2032.

UK Chocolate Market: Definition/ Overview

Chocolate is a confectionery product made from roasted and ground cacao seeds, which are processed with ingredients such as sugar, milk, and cocoa butter to create various formulations. It is widely classified, including milk, dark, and white chocolate, with applications spanning across industries such as confectionery, bakery, beverages, and cosmetics.

Growing consumer awareness of sustainability, health advantages, and high-quality ingredients has fueled the demand for luxury chocolate that is supplied ethically. Regulations encouraging healthy consumption habits and changing dietary tastes have sped up the adoption of plant-based and lower-sugar formulations.

The UK chocolate market, valued at £11,240 million in 2025, exhibits robust growth potential, projected to expand at a Compound Annual Growth Rate (CAGR) exceeding 6.20% from 2025 to 2033. This growth is driven by several factors. Rising disposable incomes and a persistent demand for indulgent treats contribute significantly. The increasing popularity of premium and artisanal chocolates, alongside innovative product launches featuring unique flavors and ethically sourced ingredients, further fuel market expansion. Convenience stores, online retail, and supermarkets/hypermarkets constitute the primary distribution channels, with online sales experiencing particularly rapid growth fueled by e-commerce penetration and changing consumer shopping habits. The market is segmented by confectionery variant (dark, milk, and white chocolate), each catering to diverse consumer preferences and dietary needs. Key players like Nestlé, Lindt, and Mars dominate, leveraging strong brand recognition and extensive distribution networks. However, smaller artisanal chocolate makers are also gaining traction, capitalizing on the growing demand for high-quality, handcrafted products. Competition is fierce, necessitating continuous innovation and effective marketing strategies to maintain market share. Despite its positive outlook, the UK chocolate market faces certain challenges. Fluctuations in the price of cocoa beans and other raw materials can impact profitability. Increasing health consciousness among consumers and a growing preference for healthier alternatives might slightly restrain growth. Furthermore, stringent regulations regarding sugar content and labeling requirements necessitate manufacturers to adapt their product offerings and marketing strategies. The market's future success will depend on manufacturers' ability to adapt to evolving consumer preferences, embrace sustainable practices, and develop innovative products that cater to diverse needs while adhering to regulatory compliance. The predicted growth trajectory indicates a promising future for the UK chocolate market, but proactive strategies are vital to mitigate potential headwinds and capitalize on emerging opportunities. Recent developments include: March 2023: Whitakers Chocolates unveiled its investment in enhancing its printing process and flow wrapping capabilities as it expands its chocolate production focused on private label ranges. The company’s launch product is a 90-gram flow wrap square pack of dark chocolate Fondant Creams.October 2022: Barry Callebaut introduced the second generation of chocolate. By design, the second generation of chocolate puts ‘cocoa first, sugar last.’ Dark chocolate is only made from cocoa and sugar; milk chocolate contains dairy as well.February 2022: Nestlé unveiled new chocolates and sweets, including KitKat Biscoff Giant Egg and Aero Melts. Nestlé unveiled an array of new goodies for chocolate and sweet lovers that will land on UK shelves.. Key drivers for this market are: Increasing awareness towards fitness among consumers, Demand for convenient fortified foods. Potential restraints include: Increasing vegan culture in the market. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The Chocolate and Confectionery Production industry can be divided into three categories: cocoa products, sugar confectionery products and chewing gum. Producers have faced numerous challenges in recent years, including rising health consciousness, fluctuating input costs and increased competition from imported goods. The resultant dip in revenue has prompted action among producers. Increased health awareness has made organic and fair trade practices more popular and led consumers towards healthier chocolate and sweet alternatives. Manufacturers have started producing low-sugar versions of classic chocolate bars. Chocolate manufacturers have also been expanding into vegan chocolate. Industry revenue is expected to grow at a compound annual rate of 3.1% over the five years through 2024-25 to £5 billion, including an estimated rise of 8.1% in 2024-25. Fluctuating input costs, including cocoa, milk and sugar, have forced manufacturers to hike selling prices to pass on cost increases to downstream buyers, propping up profit and revenue. A major shortage of cocoa in the 2024 harvesting season has caused prices to skyrocket in 2024-25. Consumers are also gaining a greater taste for luxury chocolates, boosting sales. Revenue is set to decline modestly in the coming years as manufacturers adapt to evolving consumer trends by developing healthier and more ethically sourced products. In anticipation of upcoming bans on TV and online advertisements for high-fat, salt or sugar products (expected in late 2025), chocolate manufacturers are gearing up to introduce healthier products. Companies will also stoke consumer demand through product innovation, especially in the market's premium segment, where customers perceive better value for money. Still, revenue is expected to edge upwards at a compound annual rate of 0.7% over the five years through 2029-30 to £5.1 billion.

The United Kingdom compound chocolate market, valued at approximately £250 million in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 3.00% from 2025 to 2033. This growth is fueled by several key factors. The increasing popularity of artisanal chocolates and premium confectionery products drives demand for high-quality compound chocolate in the bakery and confectionery sectors. Furthermore, the rising consumption of frozen desserts and ice cream, along with innovative beverage applications incorporating chocolate, contributes significantly to market expansion. The diverse range of compound chocolate forms, including chips, slabs, and coatings, caters to varied manufacturing needs, boosting market versatility. However, fluctuating cocoa prices and increasing raw material costs pose potential restraints to market growth. The market is segmented by type (dark, milk, white), form (chips/drops/chunks, slabs, coatings, other), and application (bakery, confectionery, frozen desserts, beverages, cereals, others). Key players like Puratos Group, Barry Callebaut Group, and Cargill Inc. dominate the market, leveraging their strong distribution networks and innovative product offerings to maintain their competitive edge. The market's future trajectory depends on consumer preferences, innovative product development, and successful navigation of economic uncertainties. The market segmentation within the UK reveals a strong preference for milk chocolate in various forms, particularly chips and slabs, largely driven by its use in mass-market confectionery and bakery applications. Dark chocolate, while showing a growing niche segment, still holds a smaller market share compared to milk chocolate. The application segment is dominated by the bakery and confectionery industries, reflecting the extensive use of compound chocolate in mass-produced goods. Frozen desserts and ice cream represent a segment with notable growth potential, fueled by rising consumer demand for premium frozen treats. While the "other applications" category indicates a diversified use across various food products, the overall market is heavily influenced by the performance of the major application segments. Companies are focusing on sustainable sourcing and ethical practices to attract environmentally conscious consumers, adding another layer of complexity and opportunity within the market. Recent developments include: In November 2021, Barry Callebaut launched a range of dairy-free compound chocolate, expanding its plant-based compound chocolates product portfolio. This range of compound chocolates includes Compound Soft Chunk, EZ Melt Compound, Compound Chip/Chunk, Bulk Liquids, and Compound Sift Shaped Chunk., In June 2021, Puratos, a UK-based company, launched two new Belgian chocolate products with 40% less sugar than its previous offerings., In March 2021, Nestlé SA, the world's leading food and beverage company, announced the launch of Incoa, a chocolate bar made of 70% dark chocolate, under the Les Recettes de L'Atelier brand, in the European market. It is made exclusively from cocoa beans.. Notable trends are: Increasing Dark Chocolate Consumption Due to Health Benefits.

Explore the projected growth of the chocolate and cocoa market in the UK, with an anticipated increase in consumption trends over the next decade. By 2035, market volume is expected to reach 835K tons and market value is projected to reach $5.2B.

The UK Compound Chocolate Market is Segmented by Type (Dark, Milk and White Chocolate), Form (Chocolate Chips/Drops/Chunks, Chocolate Slab, Chocolate Coatings, and Other Forms), and Application (Bakery, Confectionery, Frozen Desserts and Ice Cream, Beverages, Cereals, and Other Applications). The report offers market sizes and forecasts in value (USD million) for all the above segments.

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Premium Chocolate Market Size 2024-2028

The Premium Chocolate Market size is forecast to increase by USD 20.8 billion, at a CAGR of 9.48% between 2023 and 2028. Market expansion hinges on various factors, notably the introduction of new products, heightened consumer engagement in the market, and the implementation of marketing strategies. New product launches inject innovation into the market, attracting consumer interest and driving demand for novel offerings. Additionally, increasing market indulgence, characterized by consumer willingness to explore diverse products and experiences, fosters market growth by expanding the consumer base and driving sales volume. The market thrives on exquisite ingredients like high-quality cocoa, gourmet salt, and luxurious packaging, elevating the consumer experience. With additional flavors such as almonds and raspberry pieces, brands like Purdys Chocolatier and Cadbury offer a range of indulgent options. Furthermore, effective marketing strategies play a pivotal role in creating brand awareness, communicating product benefits, and influencing consumer purchasing decisions. By leveraging innovative marketing approaches, businesses can enhance brand visibility, establish a stronger market presence, and capitalize on emerging opportunities for growth. Together, these factors contribute to the dynamic expansion of the market, shaping its trajectory and fostering competitiveness within the industry.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

Products like Lindor truffles and Guylian exemplify the richness and an upscale appearance, catering to discerning tastes with low sugar. Rising concerns for quality and taste drive product innovation and the creation of limited-edition chocolates, ensuring a premium offering in the chocolate confectionery landscape.

By Distribution Channel

The market share by the offline segment will be significant during the forecast period. Offline sales channels include supermarket, hypermarkets, department stores, convenience stores, distributors, independent retailers, and specialty retailers. Popular supermarkets offering products include SPAR, Walmart, Meijer Inc., The Kroger Co. (Kroger), Carrefour, and Big Bazaar. Supermarkets and hypermarkets offer a wide variety of products from different brands, and consumers can easily select and purchase the desired product from these stores.

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The offline segment was valued at USD 22.70 billion in 2018. Offline distribution channels such as supermarkets and hypermarket chains are focusing on expanding the number of stores around the world. Walmart, for example, has announced plans to open 300 new stores in China by 2024 as part of its global expansion policy. Such expansion of supermarket and hypermarket chains will improve customer access and increase sales of such products, driving the growth of the market during the forecast period.

By Region

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Europe is estimated to contribute 43% to the growth of the market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In 2022, Europe had the highest per capita consumption of chocolate in the world. Consumers tend to prefer premium chocolates as they are popular as gifts for special occasions. Additionally, many chocolate manufacturers, such as Ferrero International SA, have their headquarters in the region. These factors are one of the main reasons why Europe holds the dominant share of the market. In Europe, demand is outpacing sales of private-label chocolate. This is mainly because consumers are willing to pay higher prices for higher quality, better packaging, and richer flavor than other chocolates. The UK, Belgium, Germany, and Switzerland are among the leading markets in Europe. Hence, such factors are driving the market in Europe during the forecast period.

Market Dynamics and Customer Landscape

In the market, consumers savor indulgent treats crafted from the finest ingredients like cocoa butter and premium cocoa, ensuring premium product with superior taste and texture for breakfast cereal like cookie dough. From classic favorites like chocolate bars to unique offerings such as Limited-edition chocolate and White chocolates, brands focuses on gourmet chocolates with premium textured and flavors like Berry Crunch. With meticulous attention to detail, these chocolates promise a luxurious experience that delights the senses and satisfies the most discerning palates. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drive

UK Compound Chocolate Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow at a CAGR of 3.1% during the forecast period. i.e. 2026 to 2032.

UK Compound Chocolate Market: Definition/ Overview

Compound chocolate is a chocolate substitute developed from cocoa powder, vegetable fats, and sugars that resembles the flavor and texture of classic chocolate but does not contain cocoa butter. It is widely used in the food industry for coating confections such as candy bars and cookies, as well as in industrial baking, due to its durability and extended shelf life when compared to pure chocolate. Furthermore, compound chocolate is popular due to its low cost, making it an ideal choice for mass-produced products and home baking where ease of usage and affordability are essential.

The United Kingdom compound chocolate market is valued at XX million in 2025 and is projected to grow at a CAGR of 3.00% during the forecast period 2025-2033. The market is driven by the increasing demand for chocolate in bakery, confectionery, and other applications. The growing trend of indulgence and snacking is also contributing to the growth of the market. Key market trends include the increasing popularity of dark chocolate, the growing demand for organic and Fairtrade chocolate, and the development of new and innovative chocolate products. The market is segmented by type, form, and application. By type, the market is segmented into dark, milk, and white chocolate. By form, the market is segmented into chocolate chips/drops/chunks, chocolate slabs, chocolate coatings, and other forms. By application, the market is segmented into bakery, confectionery, frozen dessert and ice cream, beverages, cereals, and other applications. The key players in the market include AAK AB, Puratos Group, Sephra, Pecan Deluxe Candy Europe Ltd, Barry Callebaut Group, Natra SA, Cargill Inc, Fuji Oil Holdings Inc, Ingredients UK Ltd, and The House of Sarunds. Recent developments include: In November 2021, Barry Callebaut launched a range of dairy-free compound chocolate, expanding its plant-based compound chocolates product portfolio. This range of compound chocolates includes Compound Soft Chunk, EZ Melt Compound, Compound Chip/Chunk, Bulk Liquids, and Compound Sift Shaped Chunk., In June 2021, Puratos, a UK-based company, launched two new Belgian chocolate products with 40% less sugar than its previous offerings., In March 2021, Nestlé SA, the world's leading food and beverage company, announced the launch of Incoa, a chocolate bar made of 70% dark chocolate, under the Les Recettes de L'Atelier brand, in the European market. It is made exclusively from cocoa beans.. Key drivers for this market are: Increasing Trend of Consuming Cocktails, Rising Demand for Premium Spirits. Potential restraints include: Affordability of the Product is Restraining the Market's Growth. Notable trends are: Increasing Dark Chocolate Consumption Due to Health Benefits.

Snapshot img { margin: 10px !important; } The global milk chocolate market has the potential to grow by USD 16.38 billion during 2019-2023. The growth momentum will accelerate throughout the forecast period, and the market will grow at a CAGR of almost 5%.

Rising demand for low-calorie milk chocolate from health-conscious consumers and increasing vendor focus on temperature tolerant milk chocolates are some of the major factors driving growth. The US, Germany, and the UK are currently the major markets for milk chocolates.

Milk Chocolate Market Report - Key Insights

Scope of the Report

The report provides a detailed analysis of the market by type and geography. Also, the report analyzes the market’s competitive landscape and offers information on several market vendors.

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Market Segmentation

Milk Chocolate Market by Type

Bar milk chocolate
Bite-size milk chocolate

Milk Chocolate Market by Region

APAC
Europe
MEA
North America
South America

Market Competitive Analysis

The milk chocolate market is fragmented, and the degree of fragmentation will remain the same during the forecast period. Consumers are increasing their preference for flavored milk chocolates in both commercial brands and crafted brands. This is encouraging vendors to introduce milk chocolates with added ingredients such as nuts, fruits, flavors, and textures to increase their revenue. Chocoladefabriken Lindt & Sprüngli AG, Mars Inc., and Mondelēz International Inc. are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the competition from dark chocolate varieties will challenge the growth of market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The report provides information on the production, sustainability, and prospects of several companies, including:

Chocoladefabriken Lindt & Sprüngli AG
Mars Inc.
Mondelēz International Inc.
Nestlé SA
The Hershey Co.

Milk Chocolate Market: Key Drivers and Trends

Chocolates and other confectioneries have a lot of sugar content which could lead to obesity and weight gain. Milkfat accounts for nearly half of the total calories in milk chocolates. This is driving many consumers to refrain from such products. Many chocolate manufacturers are investing in introducing diverse and innovative milk chocolate products for such diet-conscious consumers. For instance, Cadbury launched a low-sugar dairy milk bar chocolate last year to target health-conscious consumers. As consumers are shifting toward the consumption of low-calorie milk chocolates, manufacturers are increasingly launching different varieties of low-sugar milk chocolates. This is expected to fuel the growth of the global milk chocolate market size during the forecast period.

Milk chocolate market trends such as the rising focus on temperature tolerant milk chocolates will also influence market growth.
Milk chocolates melt easily at room temperatures because of the presence of cocoa butter. This is inducing consumers to refrain from consuming milk chocolates.
Global chocolate brands are working on developing heat-resistant milk chocolate varieties that can sustain hot and humid climatic regions.
For instance, Hershey developed heat resistant milk chocolates that are free from additives
Such developments will benefit mass production of milk chocolates in hot climates, especially in emerging economies where high investments are made in supply chains.
During 2019-2023, the market will register a CAGR of almost 5%.

Milk Chocolate Market: Segmentation by Region

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Countries such as Switzerland, Austria, Germany, Ireland, the UK, Estonia, Sweden, and Belgium are some of the major consumers of milk chocolate in Europe. Many regional and global players are making significant investments in the European market to expand their market shares.

During the forecast period, nearly 47% of the overall market growth will originate from Europe. However, market growth in the region will be slower than the growth of the market in APAC and South America.

Milk Chocolate Market: Segmentation by Type

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Vendors in the market are focusing on introducing limited edition bar chocolates with added ingredients or a new look. Several vendors are introducing premium milk chocolate bars in developing countries because of consumer inclination toward global brands.

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