Premium Chocolate Market - Forecast(2023 - 2028)

Premium Chocolate Market size is estimated to reach $48.2 billion by 2026, growing at a CAGR of 9.6% during the forecast period 2021-2026. Premium chocolates are high-quality chocolate variants that are produced from ultra-fine ingredients and are infused with a variety of exotic flavors, including peanut butter, caramel, mint, honey, tropical fruits, espresso, and others. Premium chocolates are increasingly being adopted across the world owing to the growing awareness about the benefits of premium chocolates and the rise in the branding of premium chocolates as gifts by the key players. The rise in the demand for dark chocolates made with cocoa powder, growing adoption of skimmed milk chocolate among the young population, increase in the popularity of gourmet chocolates prepared from ultra-fine cocoa beans, and growing investment by the key players to develop quality and healthier premium chocolates are the factors that are set to drive the growth of the Premium Chocolate Market for the period 2021-2026.


Download Report Sample 


Premium Chocolate Market Report Coverage

The report: “Premium Chocolate Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Premium Chocolate Market.

By Product Type: Dark Premium Chocolate and White and Milk Premium Chocolate.


By Distribution Channel: Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Others.


By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (Middle East and Africa).

Inquiry Before Buying


Key Takeaways

  • Geographically, North America Premium Chocolate Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the demand for dark chocolates made with cocoa powder.

  • The increase in the availability of flavored premium chocolates in supermarkets is driving the Supermarkets/Hypermarkets segment. However, the fluctuating price of cocoa beans is one of the major factors that is said to reduce the growth of the Premium Chocolate Market.

  • Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Premium Chocolate Market report. 


  • Premium Chocolate Market Segment Analysis-By Geography

    North America held the largest share with 27% of the overall market in 2020. The growth in this segment is owing to the factors such as the growing demand for dark chocolates made with cocoa powder and cocoa beans and an increase in product launches by key players. The increasing awareness about the health benefits of premium chocolates in developed nations is driving the growth of the Premium Chocolate Market. Asia-Pacific segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the rise in the demand for skimmed milk chocolate and growing investment by the key players to develop quality and healthier premium chocolates.

    Premium Chocolate Market Drivers

    Rise in the Demand for Dark Premium Chocolates

    The rise in the demand for organic and clean label trends has propelled the demand for dark premium chocolates made with cocoa powder and cocoa beans. Moreover, consumers in developed nations are more informed about the health benefits of dark chocolate and are increasingly inclining towards opting for dark chocolates as a dessert option, which is one of the major factors driving the growth of the Premium Chocolate Market.

    Increase in the Branding of Premium Chocolates as Gifts

    Premium chocolates, such as skimmed milk chocolate and dark chocolate are increasingly being branded as gifts to attract young consumers across the world. The key players across the world are also increasingly launching dark and milk premium chocolates as gifts owing to the growing demand from consumers, which is further propelling the growth of the Premium Chocolate Market.

    Premium Chocolate Market Challenges 

    Fluctuating Price of Cocoa Beans

    The key players in the market are increasing their investment to carry out various research and development activities for launching quality and healthier premium chocolates. However, the fluctuating price of cocoa beans is one of the major factors that is estimated to reduce the growth of the Premium Chocolate Market.

    Premium Chocolate Market Competitive Landscape:

    Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Premium Chocolate Market. Key companies of this market are The Hershey Company, Ferrero Group, Yildiz Holding, Mondelez International Inc, Mars Incorporated, Lake Champlain Chocolates, Nestle SA, Cemoi Chocolatier SA, Chocoladefabriken Lindt & Sprungli AG, and Pierre Marcolini Group among others.

    Acquisitions/Product Launches:

    • In January 2021, Mondelez International Inc has launched Cadbury Dairy Milk Silk Mousse under its premium chocolate segment to the customers who are always on the lookout for innovative and unique experiences.
    • In October 2020, Ferrero Group has launched the premium gifting brand ‘Ferrero Rocher Moments’ in India to expand the existing portfolio by bringing an enjoyable and light-hearted experience for consumers in the country to celebrate daily moments.
    • In October 2020, The Hershey Company has launched Hershey’s Exotic Dark Chocolate to strengthen the premium chocolate portfolio and to make customers experience the exotic and indulgent taste of Dark Chocolates under the Hershey’s brand name.



  • "We also publish more than 100 reports every month in “Food and Beverage”, Go through the Domain if there are any other areas for which you would like to get a market research study." 




Location: United States

Comments

Post a Comment

Popular posts from this blog

Power Transformer Market - By Rating , By Cooling Type , By Phase Configuration , By Technology , By Insulation Type , By Application, By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Image
  Power Transformer Market Overview Power Transformer market size is  forecast to reach US$36.9 billion by 2030,  after growing at a  CAGR of 5.9% during 2024-2030.  The global power transformer market is experiencing significant growth, driven by increasing electricity demand, grid modernization, renewable energy integration, energy efficiency initiatives, and urbanization. Green power transformers, with their enhanced energy efficiency, reduced environmental impact, and improved safety features, are emerging as a key segment in the market. Major players like Hitachi Energy and Toshiba are investing heavily to expand their production capacities and meet the growing demand for these sustainable solutions. A major trend in the market is global focus on energy efficiency. The global shift towards sustainable energy practices has significantly impacted the power transformer market. The need for energy-efficient power transformers is being driven by utilities and in...
Read more

Freight Forwarding Market- By Service Type , By Delivery Mode , By Application and By Geography - Opportunity Analysis & Industry Forecast, 2024-2030.

Image
Freight Forwarding Market Overview: The Freight Forwarding Market size is estimated  to reach $14.5 Billion by 2030 , growing at a  CAGR of 6.1% during the forecast period 2024-2030.  The freight forwarding market is driven by globalization, the rise of e-commerce and the increasing demand for faster, more efficient delivery solutions. The growth of international trade fueled by both emerging markets and established economies, logistics digitization and the shift towards supply chain diversification are also contributing to the market’s expansion. The freight forwarding market will continue to evolve with a focus on smart logistics, last-mile delivery solutions and data-driven decision-making. Companies will likely invest heavily in automation, robotics, and  blockchain  technology to improve transparency, reduce fraud and enhance operational efficiency. Meanwhile, as the demand for on-demand and just-in-time delivery grows, real-time shipment tracking, contact...
Read more

Accounts Payable Automation Market - Forecast(2025 - 2031)

Image
  Accounts Payable Automation Market Overview: The  Accounts Payable Automation Market size is estimated to reach $17.4 Billion by 2031, growing at a CAGR of 14.0% during the forecast period 2025-2031.  The accounts payable automation market is driven by the increasing demand for operational efficiency, cost reduction, and improved accuracy in financial processes. Businesses are increasingly adopting cloud-based solutions, AI, and machine learning technologies to streamline invoice processing, reduce human errors, and ensure faster payment cycles. Additionally, the need for enhanced compliance, real-time data analytics, and seamless integration with ERP systems is further fueling market growth across industries. By replacing outdated manual processes with intelligent automation, companies are reducing errors, accelerating payment cycles, and achieving greater cost savings. A significant trend in is the cross-border payments automation , aimed at simplifying international...
Read more