The global Chocolate market size is predicted to grow from US$ 46110 million in 2025 to US$ 55750 million in 2031; it is expected to grow at a CAGR of 3.2% from 2025 to 2031.
Chocolate is a globally consumed product made primarily from cocoa beans, which are processed into key ingredients such as cocoa butter, cocoa liquor, and cocoa powder. These ingredients provide chocolate with its distinct taste, texture, and melt-in-the-mouth sensation, making it a favorite in various food applications. Cocoa butter, in particular, is valued for its specific melting point and contraction properties, allowing chocolates to easily release from molds during production and giving them their signature smooth texture. Beyond its use in confections, chocolate also serves functional purposes in other industries, such as masking the unpleasant taste of pharmaceutical tablets, making it a versatile ingredient in both the food and health sectors.
Chocolate is widely used not only in confectionery but also in food and beverage, cosmetics, and pharmaceuticals. Its rich taste, along with nutritional and antioxidant benefits from cocoa, makes it a popular choice in many products. The versatility of chocolate as a functional and indulgent ingredient has cemented its place in both everyday and luxury consumer markets.
Market Overview
The global chocolate market is highly competitive, with key players such as Barry Callebaut, Cargill, Nestle SA, Mars, and Fuji Oil dominating the industry. These top five companies account for approximately 50% of the total market share, with Barry Callebaut leading as a global manufacturer of chocolate products. The company’s extensive range of products and strong distribution capabilities allow it to maintain a dominant position. Other major players, such as Cargill and Nestle, also have significant influence through their production of branded chocolate products and their supply of essential ingredients to various sectors, including the food and beverage industry.
Europe is the largest market for chocolate, holding about 35% of global market share. The region’s dominance is driven by its rich chocolate-making heritage, advanced manufacturing technologies, and proximity to cocoa-producing countries. North America and Southeast Asia follow closely, together accounting for another 35% of the market. In North America, chocolate is a staple indulgence, while Southeast Asia is emerging as a growing market, with increasing demand for premium and imported chocolate products driven by rising incomes and evolving consumer tastes.
Market Trends and Growth Drivers
Chocolate remains the largest segment within the broader cocoa-based product market, accounting for about 70% of total market share. The strong demand for chocolate is primarily driven by the confectionery sector, which consumes vast amounts of cocoa products for making chocolate bars, candies, and other sweet treats. As chocolate continues to be a favorite indulgence worldwide, its use extends beyond confectionery into the broader food and beverage industry. In addition to traditional sweets, chocolate is increasingly being incorporated into baked goods, dairy products, and beverages, adding flavor and richness to a variety of foods.
The cosmetics and pharmaceutical industries are also key areas of growth for chocolate. In the cosmetics sector, cocoa butter, a key ingredient in chocolate, is widely used for its moisturizing and skin-nourishing properties in beauty products such as lotions, lip balms, and creams. In pharmaceuticals, chocolate is used to improve the taste of medicinal tablets and supplements, broadening its application beyond confectionery and food.
Europe remains the leading consumer of chocolate products, driven by high demand for both everyday chocolates and premium, luxury brands. However, emerging markets in Asia, particularly in Southeast Asia, are witnessing growing demand for chocolate as Western-style products become more popular and accessible. With a growing middle class in countries like China and India, chocolate consumption in these regions is expected to rise significantly in the coming years, offering new growth opportunities for manufacturers.
The chocolate market does face challenges, such as fluctuations in cocoa prices, which can affect production costs and profit margins. Additionally, there is increasing pressure for companies to source cocoa sustainably and ensure ethical labor practices, particularly in regions like West Africa where much of the world’s cocoa is produced. Despite these hurdles, the chocolate market continues to grow steadily, supported by rising demand for both traditional and innovative chocolate products across the globe.
The “Chocolate Industry Forecast” looks at past sales and reviews total world Chocolate sales in 2024, providing a comprehensive analysis by region and market sector of projected Chocolate sales for 2025 through 2031. With Chocolate sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Chocolate industry.
This Insight Report provides a comprehensive analysis of the global Chocolate landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Chocolate portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Chocolate market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Chocolate and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Chocolate.
This report presents a comprehensive overview, market shares, and growth opportunities of Chocolate market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Dark Chocolate
Milk Chocolate
Others
Segmentation by Application:
B2C
B2B
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Barry Callebaut
Cargill
Nestle SA
Mars
Hershey
FUJI OIL
Puratos
NATRA
Ferrero
Mondelez
Clasen
Morde Foods
EUROCAO
DP Chocolates
Cocoa-linna
Apple Flavor & Fragrance Group
Shanghai Yicheng Food
Key Questions Addressed in this Report
What is the 10-year outlook for the global Chocolate market?
What factors are driving Chocolate market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Chocolate market opportunities vary by end market size?
How does Chocolate break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Chocolate Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Chocolate by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Chocolate by Country/Region, 2020, 2024 & 2031
2.2 Chocolate Segment by Type
2.2.1 Dark Chocolate
2.2.2 Milk Chocolate
2.2.3 Others
2.3 Chocolate Sales by Type
2.3.1 Global Chocolate Sales Market Share by Type (2020-2025)
2.3.2 Global Chocolate Revenue and Market Share by Type (2020-2025)
2.3.3 Global Chocolate Sale Price by Type (2020-2025)
2.4 Chocolate Segment by Application
2.4.1 B2C
2.4.2 B2B
2.5 Chocolate Sales by Application
2.5.1 Global Chocolate Sale Market Share by Application (2020-2025)
2.5.2 Global Chocolate Revenue and Market Share by Application (2020-2025)
2.5.3 Global Chocolate Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Chocolate Breakdown Data by Company
3.1.1 Global Chocolate Annual Sales by Company (2020-2025)
3.1.2 Global Chocolate Sales Market Share by Company (2020-2025)
3.2 Global Chocolate Annual Revenue by Company (2020-2025)
3.2.1 Global Chocolate Revenue by Company (2020-2025)
3.2.2 Global Chocolate Revenue Market Share by Company (2020-2025)
3.3 Global Chocolate Sale Price by Company
3.4 Key Manufacturers Chocolate Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Chocolate Product Location Distribution
3.4.2 Players Chocolate Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Chocolate by Geographic Region
4.1 World Historic Chocolate Market Size by Geographic Region (2020-2025)
4.1.1 Global Chocolate Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Chocolate Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Chocolate Market Size by Country/Region (2020-2025)
4.2.1 Global Chocolate Annual Sales by Country/Region (2020-2025)
4.2.2 Global Chocolate Annual Revenue by Country/Region (2020-2025)
4.3 Americas Chocolate Sales Growth
4.4 APAC Chocolate Sales Growth
4.5 Europe Chocolate Sales Growth
4.6 Middle East & Africa Chocolate Sales Growth
5 Americas
5.1 Americas Chocolate Sales by Country
5.1.1 Americas Chocolate Sales by Country (2020-2025)
5.1.2 Americas Chocolate Revenue by Country (2020-2025)
5.2 Americas Chocolate Sales by Type (2020-2025)
5.3 Americas Chocolate Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Chocolate Sales by Region
6.1.1 APAC Chocolate Sales by Region (2020-2025)
6.1.2 APAC Chocolate Revenue by Region (2020-2025)
6.2 APAC Chocolate Sales by Type (2020-2025)
6.3 APAC Chocolate Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Chocolate by Country
7.1.1 Europe Chocolate Sales by Country (2020-2025)
7.1.2 Europe Chocolate Revenue by Country (2020-2025)
7.2 Europe Chocolate Sales by Type (2020-2025)
7.3 Europe Chocolate Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Chocolate by Country
8.1.1 Middle East & Africa Chocolate Sales by Country (2020-2025)
8.1.2 Middle East & Africa Chocolate Revenue by Country (2020-2025)
8.2 Middle East & Africa Chocolate Sales by Type (2020-2025)
8.3 Middle East & Africa Chocolate Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Chocolate
10.3 Manufacturing Process Analysis of Chocolate
10.4 Industry Chain Structure of Chocolate
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Chocolate Distributors
11.3 Chocolate Customer
12 World Forecast Review for Chocolate by Geographic Region
12.1 Global Chocolate Market Size Forecast by Region
12.1.1 Global Chocolate Forecast by Region (2026-2031)
12.1.2 Global Chocolate Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Chocolate Forecast by Type (2026-2031)
12.7 Global Chocolate Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Barry Callebaut
13.1.1 Barry Callebaut Company Information
13.1.2 Barry Callebaut Chocolate Product Portfolios and Specifications
13.1.3 Barry Callebaut Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Barry Callebaut Main Business Overview
13.1.5 Barry Callebaut Latest Developments
13.2 Cargill
13.2.1 Cargill Company Information
13.2.2 Cargill Chocolate Product Portfolios and Specifications
13.2.3 Cargill Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Cargill Main Business Overview
13.2.5 Cargill Latest Developments
13.3 Nestle SA
13.3.1 Nestle SA Company Information
13.3.2 Nestle SA Chocolate Product Portfolios and Specifications
13.3.3 Nestle SA Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Nestle SA Main Business Overview
13.3.5 Nestle SA Latest Developments
13.4 Mars
13.4.1 Mars Company Information
13.4.2 Mars Chocolate Product Portfolios and Specifications
13.4.3 Mars Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Mars Main Business Overview
13.4.5 Mars Latest Developments
13.5 Hershey
13.5.1 Hershey Company Information
13.5.2 Hershey Chocolate Product Portfolios and Specifications
13.5.3 Hershey Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Hershey Main Business Overview
13.5.5 Hershey Latest Developments
13.6 FUJI OIL
13.6.1 FUJI OIL Company Information
13.6.2 FUJI OIL Chocolate Product Portfolios and Specifications
13.6.3 FUJI OIL Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 FUJI OIL Main Business Overview
13.6.5 FUJI OIL Latest Developments
13.7 Puratos
13.7.1 Puratos Company Information
13.7.2 Puratos Chocolate Product Portfolios and Specifications
13.7.3 Puratos Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Puratos Main Business Overview
13.7.5 Puratos Latest Developments
13.8 NATRA
13.8.1 NATRA Company Information
13.8.2 NATRA Chocolate Product Portfolios and Specifications
13.8.3 NATRA Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 NATRA Main Business Overview
13.8.5 NATRA Latest Developments
13.9 Ferrero
13.9.1 Ferrero Company Information
13.9.2 Ferrero Chocolate Product Portfolios and Specifications
13.9.3 Ferrero Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Ferrero Main Business Overview
13.9.5 Ferrero Latest Developments
13.10 Mondelez
13.10.1 Mondelez Company Information
13.10.2 Mondelez Chocolate Product Portfolios and Specifications
13.10.3 Mondelez Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Mondelez Main Business Overview
13.10.5 Mondelez Latest Developments
13.11 Clasen
13.11.1 Clasen Company Information
13.11.2 Clasen Chocolate Product Portfolios and Specifications
13.11.3 Clasen Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Clasen Main Business Overview
13.11.5 Clasen Latest Developments
13.12 Morde Foods
13.12.1 Morde Foods Company Information
13.12.2 Morde Foods Chocolate Product Portfolios and Specifications
13.12.3 Morde Foods Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Morde Foods Main Business Overview
13.12.5 Morde Foods Latest Developments
13.13 EUROCAO
13.13.1 EUROCAO Company Information
13.13.2 EUROCAO Chocolate Product Portfolios and Specifications
13.13.3 EUROCAO Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 EUROCAO Main Business Overview
13.13.5 EUROCAO Latest Developments
13.14 DP Chocolates
13.14.1 DP Chocolates Company Information
13.14.2 DP Chocolates Chocolate Product Portfolios and Specifications
13.14.3 DP Chocolates Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 DP Chocolates Main Business Overview
13.14.5 DP Chocolates Latest Developments
13.15 Cocoa-linna
13.15.1 Cocoa-linna Company Information
13.15.2 Cocoa-linna Chocolate Product Portfolios and Specifications
13.15.3 Cocoa-linna Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Cocoa-linna Main Business Overview
13.15.5 Cocoa-linna Latest Developments
13.16 Apple Flavor & Fragrance Group
13.16.1 Apple Flavor & Fragrance Group Company Information
13.16.2 Apple Flavor & Fragrance Group Chocolate Product Portfolios and Specifications
13.16.3 Apple Flavor & Fragrance Group Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Apple Flavor & Fragrance Group Main Business Overview
13.16.5 Apple Flavor & Fragrance Group Latest Developments
13.17 Shanghai Yicheng Food
13.17.1 Shanghai Yicheng Food Company Information
13.17.2 Shanghai Yicheng Food Chocolate Product Portfolios and Specifications
13.17.3 Shanghai Yicheng Food Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 Shanghai Yicheng Food Main Business Overview
13.17.5 Shanghai Yicheng Food Latest Developments
14 Research Findings and Conclusion
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