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Dark Chocolate Market Global Forecast 2021-2027, Industry Trends, Share, Insight, Growth, Impact of COVID-19, Opportunity Company Analysis

  • ID: 5447675
  • Report
  • September 2021
  • Region: Global
  • 130 Pages
  • Renub Research

FEATURED COMPANIES

  • Amul
  • Hershey's
  • Meiji Holdings Co. ltd
  • Saputo
Dark chocolate, sometimes known as "bittersweet" or "semisweet," is produced with cocoa butter rather than fats like palm or coconut oils. Dark chocolate has a rich, robust flavour and is high in flavonoids, which contribute to the pigment's colour. Darker chocolate has more flavonoids, which means it has potentially more health advantages. Almost 60% Cocoa the solid present in dark chocolate is with little or no sugar. Dark chocolate is available in chocolate bars, candies and baking chocolate, etc. According to the publisher, the Global Dark Chocolate Market is projected to reach US$ 71.98 Billion by 2027.



Global Dark Chocolate Market is of various types: Organic Dark Chocolate, Inorganic Dark Chocolate, and Other. The organic and clean label movement has swept the food and beverage industry as a whole. The organic and pure label trend impacts dark chocolate manufacturers, increasing demand for premium and organic ingredients. Manufacturers are also adding natural sweeteners like stevia and coconut sugar to appeal to a consumer base concerned about their food choices.

COVID-19 Impact on Dark Chocolate Industry


COVID-19 had a positive impact on the chocolate market when it first appeared in 2020. During the lockdown, chocolate consumption at home increased dramatically. Chocolates, like other consumables, were purchased in bulk, resulting in higher volume sales through supermarkets and hypermarkets. However, after relaxing limitations in both importing and exporting countries, the market became more stable.

Dark Chocolate and its Health Benefits


Globally, Dark Chocolate is used for various purposes like Confectionery, Functional Food & beverages, Pharmaceuticals and Cosmetics. Its market is vast in the food and beverages sector because of its use in salt and sweet dishes to make lip-smacking smoothies. However, its various health benefits escalate its market globally. Dark chocolate consumption protects the brain from age-related stress and inflammation, which play a role in neurodegenerative diseases like Alzheimer's. It also aids in enhancing blood circulation to the brain, which improves the capacity to focus, improves memory, and reduces anxiety levels. The worldwide dark chocolate market is predicted to develop moderately over the next five years due to the above-mentioned factors. The Global Dark Chocolate Industry will likely grow at a CAGR of 6.03% from 2020-2027.

Regional Analysis: North America holds the Largest Market Share


North America holds the largest Dark Chocolate market share worldwide because of well-known brands and increasing chocolate consumption. Festivals like Christmas, Good Friday, and others are expected to raise the demand for chocolates and improve sales. According to the research over the forecast period, the Asia-Pacific region is expected to increase faster. The growing influence of western culture and eating habits, together with the country's rapid population expansion, are the major drivers expected to fuel market growth in this region. the research suggests that The Worldwide Dark Chocolate Market Size was US$ 47.77 Billion in 2020.

However, fluctuating raw material costs, particularly cocoa, supply instability, and political instability in cocoa-producing countries, are projected to pose a challenge to market expansion. Factors like changing customer flavour preferences regularly are also a growing barrier.

This latest report “Global Dark Chocolate Market by Product Type (Organic Dark Chocolate , Inorganic Dark Chocolate , Other), Application (Confectionery, Functional Food & Beverage, Pharmaceuticals, Cosmetics), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Non-Grocery Retailers, Others), Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa), Company Analysis (Hershey's, Mondelez International, Inc., Amul, Meiji Holdings Co. ltd, Saputo Inc)” provides complete details on Global Dark Chocolate Industry.

Type -Market breakup from 3 viewpoints


1. Organic Dark Chocolate
2. Inorganic Dark Chocolate
3. Other

Application - Market breakup from 4 viewpoints


1. Confectionery
2. Functional Food & Beverage
3. Pharmaceuticals
4. Cosmetics

Distribution Channel - Market breakup from 4 viewpoints


1. Supermarkets and Hypermarkets
2. Convenience Stores
3. Non-Grocery Retailers
4. Others

Region - Market breakup from 5 viewpoints


1. North America
2. Europe
3. Asia-Pacific
4. South America
5. Middle East and Africa

All Key players have been covered from 3 viewpoints

  • Overview
  • Recent Development
  • Revenue

Company Analysis


1. Hershey's
2. Mondelez International, Inc.
3. Amul
4. Meiji Holdings Co. ltd
5. Saputo
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Amul
  • Hershey's
  • Meiji Holdings Co. ltd
  • Saputo
1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges

5. Global Dark Chocolate Market

6. Market Share Analysis
6.1 By Type
6.2 By Application
6.3 By Distribution Channel
6.4 By Region

7. Type - Global Dark Chocolate Market
7.1 Organic Dark Chocolate
7.2 Inorganic Dark Chocolate
7.3 Other

8. Application - Global Dark Chocolate Market
8.1 Confectionery
8.2 Functional Food & Beverage
8.3 Pharmaceuticals
8.4 Cosmetics

9. Distribution Channel - Global Dark Chocolate Market
9.1 Supermarkets and Hypermarkets
9.2 Convenience Stores
9.3 Non-Grocery Retailers
9.4 Others

10. Region - Global Dark Chocolate Market
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 South America
10.5 Middle East and Africa

11. Key Players Analysis
11.1 Hershey's
11.1.1 Overview
11.1.2 Recent Development
11.1.3 Revenue
11.2 Mondelez International, Inc.
11.2.1 Overview
11.2.2 Recent Development
11.2.3 Revenue
11.3 Amul
11.3.1 Overview
11.3.2 Recent Development
11.3.3 Revenue
11.4 Meiji Holdings Co. ltd
11.4.1 Overview
11.4.2 Recent Development
11.4.3 Revenue
11.5 Saputo Inc
11.5.1 Overview
11.5.2 Recent Development
11.5.3 Revenue

List of Figures:
Figure-01: Global Dark Chocolate Market (Billion US$), 2017 - 2020
Figure-02: Forecast for - Global Dark Chocolate Market (Billion US$), 2021 - 2027
Figure-03: Type - 70% Cocoa Dark Chocolate Market (Billion US$), 2017 - 2020
Figure-04: Type - Forecast for 70% Cocoa Dark Chocolate Market (Billion US$), 2021 - 2027
Figure-05: Type - 75% Cocoa Dark Chocolate Market (Billion US$), 2017 - 2020
Figure-06: Type - Forecast for 75% Cocoa Dark Chocolate Market (Billion US$), 2021 - 2027
Figure-07: Type - 80% Cocoa Dark Chocolate Market (Billion US$), 2017 - 2020
Figure-08: Type - Forecast for 80% Cocoa Dark Chocolate Market (Billion US$), 2021 - 2027
Figure-09: Type - 90% Cocoa Dark Chocolate Market (Billion US$), 2017 - 2020
Figure-10: Type - Forecast for 90% Cocoa Dark Chocolate Market (Billion US$), 2021 - 2027
Figure-11: Applications - Confectionery Market (Billion US$), 2017 - 2020
Figure-12: Applications - Forecast for Confectionery Market (Billion US$), 2021 - 2027
Figure-13: Applications - Functional Food & Beverage Market (Billion US$), 2017 - 2020
Figure-14: Applications - Forecast for Functional Food & Beverage Market (Billion US$), 2021 - 2027
Figure-15: Applications - Pharmaceuticals Market (Billion US$), 2017 - 2020
Figure-16: Applications - Forecast for Pharmaceuticals Market (Billion US$), 2021 - 2027
Figure-17: Applications - Cosmetics Market (Billion US$), 2017 - 2020
Figure-18: Applications - Forecast for Cosmetics Market (Billion US$), 2021 - 2027
Figure-19: Distribution Channel - Supermarkets and Hypermarkets Market (Billion US$), 2017 - 2020
Figure-20: Distribution Channel - Forecast for Supermarkets and Hypermarkets Market (Billion US$), 2021 - 2027
Figure-21: Distribution Channel - Convenience Stores Market (Billion US$), 2017 - 2020
Figure-22: Distribution Channel - Forecast for Convenience Stores Market (Billion US$), 2021 - 2027
Figure-23: Distribution Channel - Non-Grocery Retailers Market (Billion US$), 2017 - 2020
Figure-24: Distribution Channel - Forecast for Non-Grocery Retailers Market (Billion US$), 2021 - 2027
Figure-25: Distribution Channel - Others Market (Billion US$), 2017 - 2020
Figure-26: Distribution Channel - Forecast for Others Market (Billion US$), 2021 - 2027
Figure-27: North America - Dark Chocolate Market (Billion US$), 2017 - 2020
Figure-28: North America - Forecast for Dark Chocolate Market (Billion US$), 2021 - 2027
Figure-29: Europe - Dark Chocolate Market (Billion US$), 2017 - 2020
Figure-30: Europe - Forecast for Dark Chocolate Market (Billion US$), 2021 - 2027
Figure-31: Asia Pacific - Dark Chocolate Market (Billion US$), 2017 - 2020
Figure-32: Asia Pacific - Forecast for Dark Chocolate Market (Billion US$), 2021 - 2027
Figure-33: South America - Dark Chocolate Market (Billion US$), 2017 - 2020
Figure-34: South America - Forecast for Dark Chocolate Market (Billion US$), 2021 - 2027
Figure-35: Middle East and Africa - Dark Chocolate Market (Billion US$), 2017 - 2020
Figure-36: Middle East and Africa - Forecast for Dark Chocolate Market (Billion US$), 2021 - 2027
Figure-37: Nestlé S.A. - Global Revenue (Million US$), 2016 - 2020
Figure-38: Nestlé S.A. - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-39: Hershey's - Global Revenue (Million US$), 2016 - 2020
Figure-40: Hershey's - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-41: Mondelez International, Inc. - Global Revenue (Million US$), 2016 - 2020
Figure-42: Mondelez International, Inc. - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-43: Amul - Global Revenue (Million US$), 2016 - 2020
Figure-44: Amul - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-45: Meiji Holdings Co. ltd - Global Revenue (Million US$), 2016 - 2020
Figure-46: Meiji Holdings Co. ltd - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-47: Saputo Inc - Global Revenue (Million US$), 2016 - 2020
Figure-48: Saputo Inc - Forecast for Global Revenue (Million US$), 2021 - 2027

List of Tables:
Table-01: Global - Dark Chocolate Market Share by Type (Percent), 2017 - 2020
Table-02: Global - Forecast for Dark Chocolate Market Share by Type (Percent), 2021 - 2027
Table-03: Global - Dark Chocolate Market Share by Application (Percent), 2017 - 2020
Table-04: Global - Forecast for Dark Chocolate Market Share by Application (Percent), 2021 - 2027
Table-05: Global - Dark Chocolate Market Share by Distribution Channel (Percent), 2017 - 2020
Table-06: Global - Forecast for Dark Chocolate Market Share by Distribution Channel (Percent), 2021 - 2027
Table-07: Global - Dark Chocolate Market Share by Region (Percent), 2017 - 2020
Table-08: Global - Forecast for Dark Chocolate Market Share by Region (Percent), 2021 - 2027
Note: Product cover images may vary from those shown
  • Hershey's
  • Mondelez International, Inc.
  • Amul
  • Meiji Holdings Co. ltd
  • Saputo
Note: Product cover images may vary from those shown

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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