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.

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.

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%.

The South America 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 Country (Argentina, Brazil, Rest of South America). Get five years of historical data alongside five-year market forecasts.

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.

The Global Candy & Chocolate Manufacturing industry has seen considerable changes in recent years, driven by overarching consumer trends and shifting market dynamics. As a multi-billion-dollar industry, it has adeptly responded to evolving tastes, health concerns and sustainability demands. Recent indicators show strong growth, propelled by innovation and a sharper focus on consumer preferences. Despite economic uncertainties and supply chain disruptions, the industry has maintained momentum, with significant companies quickly adapting to changing market conditions. Industry-wide revenue has shrunk at a CAGR of 1.0% to $226.2 billion over the five years to 2024, including an estimated 2.2% dip in 2024 alone, when profit is set to dip to 8.4%. Over the past five years, several key trends have shaped the industry. Sustainability has emerged as a crucial focus, with manufacturers heavily investing in eco-friendly practices and ethical sourcing to meet the growing consumer demand for products that benefit personal health and the planet. Health consciousness has led to a significant rise in the production of low-sugar, organic and functional chocolates. The growth of e-commerce and direct-to-consumer sales, accelerated by the COVID-19 pandemic, has revolutionized how these products are marketed and distributed. Also, pursuing novel flavors has introduced bold and exotic options, appealing to adventurous consumers and driving excitement in the market. Looking forward, the next five years promise continued dynamism in the Global Candy & Chocolate Manufacturing industry. Sustainability efforts are expected to intensify, with more brands committing to zero-waste production and transparent supply chains. Health trends spur innovation, resulting in a broader range of guilt-free indulgences catering to various dietary needs. Digital sales channels will continue to expand, offering enhanced customer engagement through personalized and interactive online experiences. Flavor innovation will remain a key driver, with artisanal and craft chocolates taking the spotlight. As the industry evolves, businesses that can seamlessly integrate these trends into their operations will thrive in an increasingly competitive landscape. Overall, industry revenue is forecast to climb at a CAGR of 0.3% to $230.0 billion over the five years to 2029.

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

The North America 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 Country (Canada, Mexico, United States, Rest of North America). The report includes market size in Value in USD and Volume, forecasts up to 2030, analysis of growth prospects.

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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.
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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

The industry has experienced significant growth in recent years, propelled by changing consumer preferences and innovative product developments. The sector has remained popular despite challenges like fluctuating cocoa prices and ever-growing health consciousness. Companies have adapted by introducing new flavors, healthier options and sustainable practices, appealing to a broader audience. This adaptability has kept consumer interest alive and expanded market reach, ensuring the chocolate production industry remains a crucial contributor to the US economy. Still, industry-wide revenue is projected to shrink at a CAGR of 1.0% over the five years through 2025. In the current year, revenue is expected to dip by an estimated 1.4% to a total of $22.0 billion. Several trends have influenced the industry's performance in recent years. The rising demand for dark and organic chocolate reflects a shift towards healthier eating, with consumers seeking products that offer nutritional benefits without compromising taste. A strong emphasis on sustainability and ethical sourcing has become essential, with more brands adopting fair trade practices and eco-friendly packaging. Technological advancements have also enhanced production efficiency and ensured consistent quality. Also, e-commerce has reshaped sales channels, with online shopping and direct-to-consumer models becoming increasingly popular, especially during the COVID-19 pandemic. Looking forward, the chocolate production industry is set for continued growth and transformation, with revenue forecast to expand at a CAGR of 1.0% over the five years to 2030 to a total of $23.2 billion. The trend towards health-conscious consumption is expected to persist, driving demand for innovative products that blend indulgence with nutritional benefits. Sustainability will remain a key focus, with companies likely to invest in ethical sourcing and environmentally friendly practices. Technological innovations will continue to improve production capabilities and supply chain efficiency. Expanding e-commerce and digital marketing will attract new customers and foster brand loyalty. The US chocolate production industry is poised to thrive, adapting to changing consumer preferences and market dynamics.

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 India 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 Industrial Chocolate Production industry has experienced growth, despite volatility from fluctuating cocoa prices. The industry's production, which includes processed cocoa beans to manufacture cocoa products, including cocoa powder, liquor and butter, is largely destined for chocolate confectionery producers, although bakers and dairy beverage producers also buy cocoa products to infuse into their foods. In recent years, fluctuations in cocoa prices have been offset by improving disposable incomes and greater demand for premium chocolate goods. Despite an added emphasis on health consciousness by American consumers, overall industry revenue has been increasing at a CAGR of 8.7% over the past five years and is expected to reach $3.4 billion in 2024, including a 34.0% revenue boost in 2024 alone. Revenue for producers corresponds with demand for chocolate and the price of cocoa beans. High demand for chocolate raises the selling price of cocoa beans and products, especially when supply is limited. This allows industrial chocolate producers to charge higher prices for products. Conversely, weak demand and falling cocoa prices devalue inventory, forcing losses on operators. Cocoa prices fluctuated wildly in recent years, which has ultimately made it difficult for producers to optimally price goods, even as overall selling prices have risen slightly in recent years. As a result, profit only marginally increased over the past five years. Market conditions are expected to be more stable moving forward, although a projected decline in cocoa prices will hurt selling prices for industrial chocolate producers. According to current projections, the world price of cocoa will decline moving forward. This will outweigh new opportunities for small companies, which will enter the industry to meet demand from health-conscious and environmentally friendly consumers who seek to purchase organic, sustainably sourced cocoa that demands premium prices. Consequently, industry revenue is forecast to contract at a CAGR of 1.1% over the five years to 2029 to $3.2 billion in 2029.

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%

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 Global Premium Chocolate Market Report is Segmented by Product Type (Dark Premium Chocolate and White and Milk Premium Chocolate), Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Retail Stores, and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The Report Offers Market Sizes and Values (USD) for all the Above Segments.

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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 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 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.

Europe has a robust chocolate and confectionary manufacturing sector owing to European consumers’ appetite for sweet treats. Europe is the world's leading producer and consumer of chocolate. The continent was responsible for 56% of the world’s cocoa beans in 2021 and accounted for 76% of worldwide chocolate sales. Notably, renowned chocolate manufacturers from Belgium and Switzerland contribute significantly to this high export rate. Germany also leads in per-capita chocolate consumption, consuming an average of 11kg of chocolate per capita annually. Consequently, the huge demand for chocolate within and outside Europe creates a profitable market for European manufacturers. While nominal sales of chocolate and sweets have grown in recent years, in real terms, industry revenue is estimated to fall at a compound annual rate of 2.9% over the five years through 2024, reaching €71.1 billion owing to the massive wave of inflation. The chocolate and confectionery industry faces challenges due to increasing sugar and cocoa prices. These rising costs have compelled European manufacturers to raise their selling prices. Although consumers continued to buy chocolate and sweets despite the price hikes, the growing cost of living threatens to reduce consumption. Statistics show that EU sugar prices alone rose by 80% in the year through June 2023, sparking attempts to minimise sugar usage in chocolate products. Industry revenue is projected to sink by 3.5% in 2024. Confectionary manufacturers are set to implement healthier solutions and pursue more sustainable practices. An increased health awareness among European consumers threatens the consumption of sugary products like chocolate. However, it could also present an opportunity for healthier alternatives like dark chocolate, which contains less sugar. Ethical sourcing and sustainability are becoming more popular as consumers increasingly demand information about their chocolate's origin and production process. As a result, European chocolate manufacturers are keen on sourcing cocoa from sustainable farms and promoting transparency in their supply chains. Overall, industry revenue is forecast to grow at a compound annual rate of 2.1% over the five years through 2029 to reach €78.9 billion.