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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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
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)
Related regional statistics
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