Global Chocolate Market Size & Outlook, 2023-2030
Global chocolate market, 2018-2030 (US$M)
Related Markets
Global chocolate market highlights
- The global chocolate market generated a revenue of USD 119,391.8 million in 2023 and is expected to reach USD 156,743.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4% by 2030.
- In terms of segment, traditional accounted for a revenue of USD 118,681.0 million in 2023.
- Artificial is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 119,391.8 million |
| Market revenue in 2030 | USD 156,743.3 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Traditional |
| Fastest growing segment | Artificial |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Traditional, Artificial |
Other key industry trends
- In terms of revenue, the North America accounted for 17.7% of the global chocolate market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 382.9 million by 2030.
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Chocolate Market Scope
Chocolate Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global chocolate market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to chocolate market will help companies and investors design strategic landscapes.
Traditional was the largest segment with a revenue share of 99.4% in 2023. Horizon Databook has segmented the Global chocolate market based on traditional, artificial covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Chocolate Product Outlook (Revenue, USD Million, 2018-2030)
- Traditional
- Dark
- Milk
- White
- Artificial
- Traditional
- Global Chocolate Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Supermarket & Hypermarket
- Convenience Store
- Online
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Target buyers of Global chocolate market databook
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Our clientele includes a mix of chocolate market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global chocolate market , including forecasts for subscribers. This global databook contains high-level insights into Global chocolate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global chocolate market size, by region, 2018-2030 (US$M)
Top 10 countries: Chocolate market size, 2023 (US$M)
Global chocolate market share, by product, 2023 & 2030 (%, US$M)
Chocolate market: Opportunity assessment by country
Global chocolate market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 22,984.7 | 23,185.6 | 20,603.2 | 20,789.9 | 20,930.6 | 21,110.1 | 21,332.7 | 21,603.6 | 21,928.8 | 22,315.1 | 22,770.6 | 23,304.9 | 23,929.6 | 1.8% |
| Europe | 57,553.0 | 58,576.7 | 52,532.0 | 53,509.5 | 54,396.7 | 55,413.0 | 56,575.1 | 57,902.4 | 59,417.5 | 61,146.7 | 63,121.8 | 65,379.9 | 67,965.7 | 3.0% |
| Asia Pacific | 25,327.5 | 26,011.4 | 23,540.4 | 24,696.0 | 25,858.9 | 27,135.1 | 28,540.8 | 30,095.0 | 31,820.6 | 33,744.7 | 35,899.9 | 38,324.9 | 41,066.7 | 6.1% |
| Latin America | 6,146.3 | 7,026.0 | 7,004.4 | 7,367.9 | 7,721.2 | 8,094.4 | 8,490.6 | 8,913.9 | 9,368.8 | 9,860.3 | 10,394.5 | 10,978.9 | 11,621.9 | 5.3% |
| MEA | 6,428.6 | 6,838.2 | 6,402.4 | 6,801.3 | 7,203.8 | 7,639.2 | 8,112.2 | 8,628.9 | 9,196.1 | 9,821.8 | 10,516.1 | 11,290.6 | 12,159.4 | 6.9% |
| Overall | 118,440.1 | 121,637.9 | 110,082.4 | 113,164.6 | 116,111.2 | 119,391.8 | 123,051.4 | 127,143.8 | 131,731.8 | 136,888.6 | 142,702.9 | 149,279.2 | 156,743.3 | 4.0% |
Related regional statistics
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