Chocolate is made by baking cacao seeds from Theobroma cacao tree pods. To make the paste, the cacao beans are gathered, roasted, dried, and pulverized. The chocolate liquor and cocoa cream are separated from the dough using stresses. Coverage, dark, milky, white, and baked chocolate, as well as cocoa powder, are made by combining these two components in various quantities.

Chocolate's antioxidant content, blood pressure-lowering qualities and alleged anti-aging capabilities will continue to drive acceptance of chocolate and chocolate-related goods. Dark chocolate with a higher cocoa content is highly suggested for preventing or slowing the ageing process as well as some disorders including cardiovascular disease. Chocolate consumption will anticipate to be driven by these and other comparable potential benefits of chocolates and boost the growth of chocolate market.

The report “Chocolate market  Type (Dark Chocolate, Milk Chocolate, and White Chocolate), By Category (Everyday Chocolate, Premium Chocolate, and Seasonal Chocolate), By Sales Channel (Supermarkets and Hypermarkets, Independent Retailers, and Convenience Stores), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Highlights:

• In August 2023, Mondelez launched two new chocolate bar varieties under its Cadbury brand: Cadbury Darkmilk Praline and Cadbury Caramilk Crispy. The brand's Darkmilk range now includes Cadbury Darkmilk Praline, which combines a creamy hazelnut filling with rich, high-cocoa chocolate. 40% of the Darkmilk line is made of cocoa. Cadbury Caramilk Crispy, on the other hand, is a golden white chocolate combination with a hint of crispy rice.
• In November 2023, The Kerala Cooperative Milk Marketing Federation (KCMMF), popularly known as Milma, launched its first line of premium butter and dark chocolate biscuits in an attempt to meet the expectations of the trending market. Along with two varieties of Milma Chocofull and Osmania Butter Biscuits drops, the new items comprise three variations of premium dark chocolate and milk chocolate under the DELIZA brand.

Analyst View:

The popularity of dark chocolate is expected to rise over the coming years as it helps in preventing cardiac diseases, and in addition to another usage like chocolate cake and chocolate milk is gaining opportunities in the global market for chocolate. Other health benefits of chocolate such as lowering of blood pressure, anti-ageing also plays a significant role in market growth of chocolate.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Chocolate Market,  Type (Dark Chocolate, Milk Chocolate, and White Chocolate), By Category (Everyday Chocolate, Premium Chocolate, and Seasonal Chocolate), By Sales Channel (Supermarkets and Hypermarkets, Independent Retailers, and Convenience Stores), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Chocolate market accounted for US$ 126.7 Billion in 2024 and is estimated to be US$ 341.3 Billion by 2034 and is anticipated to register a CAGR of 11.50%. Chocolate market is segmented based on Type, Category, Sales Channel and Region.

• Based on  Type, Chocolate market is segmented into Dark Chocolate, Milk Chocolate, and White Chocolate.
• Based on Category, Chocolate market is segmented into Everyday Chocolate, Premium Chocolate, and Seasonal Chocolate.
• Based on Sales Channel, Chocolate market is segmented into Supermarkets and Hypermarkets, Independent Retailers, and Convenience Stores.
• By Region, the Chocolate market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Sports Facilities Market:

The key players operating the Chocolate Market includes, Nestle SA, Mars Inc., Cadbury, Moonstruck Chocolatier Co., Ghirardelli Chocolate Co., Ferrero Group, Hershey Foods Corp., Barry Callebaut, Amul (GCMMF), and Mondelez International, Inc.

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