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Dark Chocolate Market Report and Forecast 2023-2028

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    Report

  • 167 Pages
  • October 2023
  • Region: Global
  • Expert Market Research
  • ID: 5889228
According to the report the global dark chocolate market reached a value of USD 55.07 billion in 2022. Aided by the rising awareness of its health benefits and its broadening use in various culinary applications, the market is projected to further grow at a CAGR of 7% between 2023 and 2028 to reach a value of USD 82.66 billion by 2028.

Dark chocolate, characterised by its high cocoa content and minimal sugar, has been gaining traction among consumers worldwide. Revered for its rich, intense flavour, dark chocolate is not only a favourite indulgence but also contains antioxidants like flavonoids, which have been linked to various health benefits. Studies suggest that moderate consumption of dark chocolate may help improve heart health, reduce inflammation, and even enhance mood.

One of the most salient drivers for the dark chocolate market growth is the growing consumer shift towards healthier snacking options. As global awareness of the perils of high sugar intake intensifies, dark chocolate, with its lower sugar content compared to its milk chocolate counterpart, emerges as a preferred choice. Coupled with the increasing prevalence of lifestyle diseases, consumers are actively seeking out products that align with a balanced diet, inadvertently bolstering the dark chocolate market.

Furthermore, the culinary world's blossoming affair with dark chocolate has further amplified dark chocolate market demand. Renowned chefs and bakers are incorporating this ingredient into a plethora of dishes, from savoury to sweet, demonstrating its versatility and broadening its consumer base. This gastronomic trend, especially in premium and gourmet segments, is propelling the dark chocolate market to new heights.

Additionally, the rise in premiumisation and consumer willingness to spend more on high-quality, artisanal chocolates has propelled the dark chocolate market demand. Craft and artisanal chocolate makers, emphasising bean-to-bar processes and sustainable sourcing, have found a growing clientele among the discerning and environmentally conscious consumers. This trend of premiumisation, often accompanied by innovative flavour infusions, is further enriching the global dark chocolate palette.

Moreover, the cosmetic and skincare industry's growing interest in dark chocolate cannot be overlooked. Dark chocolate is being infused in various skincare products, ranging from face masks to moisturisers. The antioxidants present in dark chocolate are believed to combat skin ageing, leading to its increased application in the beauty and wellness sector, further adding value to the dark chocolate market size.

Market Segmentation

The market can be divided based on distribution channel and region.

Market Segmentation

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Non-Grocery Retailers
  • Others

Market Segmentation

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global dark chocolate market. Some of the major players explored in the report are as follows:
  • Ferrero International
  • Nestlé
  • Mondelez International, Inc.
  • Amul
  • Ritter Sport
  • The Hershey Company
  • Others

About the Publisher

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Chocolate Market Overview
8.1 Key Industry Highlights
8.2 Global Chocolate Historical Market (2018-2022)
8.3 Global Chocolate Market Forecast (2023-2028)
8.4 Global Chocolate Market by Product
8.5 Global Chocolate Market by End Use
8.6 Global Chocolate Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Global Dark Chocolate Market Analysis
9.1 Key Industry Highlights
9.2 Global Dark Chocolate Historical Market (2018-2022)
9.3 Global Dark Chocolate Market Forecast (2023-2028)
9.4 Global Dark Chocolate Market by Distribution Channel
9.4.1 Supermarkets and Hypermarkets
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Convenience Stores
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Non-Grocery Retailers
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.4.4 Others
9.5 Global Dark Chocolate Market by Region
9.5.1 Market Share
9.5.1.1 North America
9.5.1.2 Europe
9.5.1.3 Asia Pacific
9.5.1.4 Latin America
9.5.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Manufacturing Process
14.1 Detailed Process Flow
14.2 Operations Involved
14.3 Mass Balance
15 Cost Analysis
15.1 Land, Location, and Site Development
15.2 Construction
15.3 Plant Machinery
15.4 Cost of Raw Material
15.5 Packaging
15.6 Transportation
15.7 Utilities
15.8 Manpower
15.9 Other Capital Investment
16 Project Economics
16.1 Capital Cost of the Project
16.2 Techno-Economic Parameters
16.3 Product Pricing and Margins Across Various Levels of the Supply Chain
16.4 Taxation and Depreciation
16.5 Income Projections
16.6 Expenditure Projections
16.7 Financial Analysis
16.8 Profit Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players’ Market Share
17.3 Company Profiles
17.3.1 Ferrero International
17.3.1.1 Company Overview
17.3.1.2 Product Portfolio
17.3.1.3 Demographic Reach and Achievements
17.3.1.4 Financial Summary
17.3.1.5 Certifications
17.3.2 Nestlé
17.3.2.1 Company Overview
17.3.2.2 Product Portfolio
17.3.2.3 Demographic Reach and Achievements
17.3.2.4 Financial Summary
17.3.2.5 Certifications
17.3.3 Mondelez International, Inc.
17.3.3.1 Company Overview
17.3.3.2 Product Portfolio
17.3.3.3 Demographic Reach and Achievements
17.3.3.4 Financial Summary
17.3.3.5 Certifications
17.3.4 Amul
17.3.4.1 Company Overview
17.3.4.2 Product Portfolio
17.3.4.3 Demographic Reach and Achievements
17.3.4.4 Financial Summary
17.3.4.5 Certifications
17.3.5 Ritter Sport
17.3.5.1 Company Overview
17.3.5.2 Product Portfolio
17.3.5.3 Demographic Reach and Achievements
17.3.5.4 Financial Summary
17.3.5.5 Certifications
17.3.6 The Hershey Company
17.3.6.1 Company Overview
17.3.6.2 Product Portfolio
17.3.6.3 Demographic Reach and Achievements
17.3.6.4 Financial Summary
17.3.6.5 Certifications
17.3.7 Others
18 Industry Events and Developments
List of Key Figures and Tables
1. Global Chocolate Market: Key Industry Highlights, 2018 and 2028
2. Global Chocolate Historical Market: Breakup by Product (USD Billion), 2018-2022
3. Global Chocolate Market Forecast: Breakup by Product (USD Billion), 2023-2028
4. Global Chocolate Historical Market: Breakup by Packaging (USD Billion), 2018-2022
5. Global Chocolate Market Forecast: Breakup by Packaging (USD Billion), 2023-2028
6. Global Chocolate Historical Market: Breakup by End Use (USD Billion), 2018-2022
7. Global Chocolate Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8. Global Chocolate Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Chocolate Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. Global Dark Chocolate Market: Key Industry Highlights, 2018 and 2028
11. Global Dark Chocolate Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
12. Global Dark Chocolate Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
13. Global Dark Chocolate Historical Market: Breakup by Region (USD Billion), 2018-2022
14. Global Dark Chocolate Market Forecast: Breakup by Region (USD Billion), 2023-2028
15. North America Dark Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2022
16. North America Dark Chocolate Market Forecast: Breakup by Country (USD Billion), 2023-2028
17. Europe Dark Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2022
18. Europe Dark Chocolate Market Forecast: Breakup by Country (USD Billion), 2023-2028
19. Asia Pacific Dark Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2022
20. Asia Pacific Dark Chocolate Market Forecast: Breakup by Country (USD Billion), 2023-2028
21. Latin America Dark Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2022
22. Latin America Dark Chocolate Market Forecast: Breakup by Country (USD Billion), 2023-2028
23. Middle East and Africa Dark Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2022
24. Middle East and Africa Dark Chocolate Market Forecast: Breakup by Country (USD Billion), 2023-2028
25. North America Historical Price Trends and Forecast 2018-2028
26. Europe Historical Price Trends and Forecast 2018-2028
27. Asia Pacific Historical Price Trends and Forecast 2018-2028
28. Latin America Historical Price Trends and Forecast 2018-2028
29. Middle East and Africa Historical Price Trends and Forecast 2018-2028
30. Global Dark Chocolate Market Structure

Companies Mentioned

  • Ferrero International
  • Nestlé
  • Mondelez International Inc.
  • Amul
  • Ritter Sport
  • The Hershey Company

Methodology

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Table Information