Impact of COVID-19 on the Chocolate Market Industry Overview, Top Manufactures, Market Size, Opportunities and Forecast by 2025

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Impact of COVID-19 on the Chocolate Market Industry Overview, Top Manufactures, Market Size, Opportunities and Forecast by 2025

June 15
14:44 2020
Impact of COVID-19 on the Chocolate Market Industry Overview, Top Manufactures, Market Size, Opportunities and Forecast by 2025
The global chocolate market grew at a CAGR of around 5% during 2014-2019.

The global chocolate market grew at a CAGR of around 5% during 2014-2019. Looking forward, IMARC Group expects the market to continue its moderate growth during the next five years. Chocolate, extracted from the roasted cacao seeds, is primarily used in confectioneries and bakery products. The surging demand for chocolates in the food and beverage industry is one of the major factors augmenting the market growth. Furthermore, the wide availability of chocolates in different forms, such as dark chocolate, chocolate syrup, milk chocolate, sprinkles, etc., also propels the product demand. Additionally, the rising popularity of molded chocolates in innovative solid shapes and sizes, further drives the market growth.

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The changing consumer inclination towards newer chocolate variants infused with additional flavors is currently driving the product demand. Moreover, the rising consumer awareness towards several health benefits associated with dark chocolate, further bolsters the market growth. Besides this, the emergence of e-commerce has allowed chocolate manufacturers to conduct business-to-consumer operations, thereby expanding their consumer base. Additionally, changing tastes and preferences of the health-conscious consumers have led to the introduction of gluten-free chocolates in the market. Furthermore, the premiumization of chocolate-based products, along with the increasing penetration of innovative packaging, is further expected to boost the market growth.

Explore full report with table of contents:

Breakup by Product Type:

  • White Chocolate
  • Milk Chocolate
  • Dark Chocolate
  • Others

Breakup by Product Form:

  • Molded
  • Countlines
  • Others

Breakup by Application:

  • Food Applications
    • Bakery Products
    • Sugar Confectionery
    • Desserts
    • Others
  • Beverage Applications
  • Other Industrial Applications


Breakup by Pricing:

  • Everyday Chocolate
  • Premium Chocolate
  • Seasonal Chocolate

Breakup by Distribution:

  • Direct Sales (B2B)
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Arcor, Barry Callebaut, Chocoladefabriken Lindt & Sprüngli AG, Chocolaterie Guylian, Ferrero International, Mars Incorporated, Meiji Co. Ltd., Mondelez International Inc. (Kraft Foods), Moonstruck Chocolate Company, Nestlé S.A., The Hershey Company, etc.

Browse Related Report

Contact US: IMARC Group
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Sheridan, WY 82801, USA
Email: [email protected]
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want to need latest primary and secondary data (2020-2025) with Cost Module, Business Strategy, Distribution Channel, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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