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Report
Premium Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-24 I 140 Pages I IMARC Group
The global premium chocolate market size reached US$ 30.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 50.3 Billion by 2028, exhibiting a growth rate (CAGR) of 8.64% during 2022-2028.
Premium chocolates are made using high-quality fine ingredients with superior craftsmanship. They are widely available in different variants, ranging from dark, milk, and white, with exotic flavors like mint, honey, beer, espresso, blueberry, raspberry, pomegranate, and peanut butter. They can easily be differentiated from their regular counterparts based on their high price, luxury packaging, and rich taste and texture. Nowadays, companies are offering aesthetically- pleasing packages that can be customized according to customer preferences. The increasing consumer inclination towards personalized chocolates is driving the demand for premium chocolates across the globe.
Premium Chocolate Market Trends:
The growing awareness among individuals of the health benefits of chocolates, along with inflating per capita income levels, represents one of the key factors driving the demand for premium chocolates around the world. Chocolate aids in relieving stress, improving memory, controlling anxiety levels, enhancing the ability to focus, and boosting blood circulation to the brain. Moreover, it is utilized as a key ingredient in preparing candies, baked goods, nutritional bars, and beverages. This, in confluence with the rising consumption of packaged food items on account of hectic lifestyles and changing dietary preferences, is contributing to the market growth. Apart from this, the increasing health consciousness among individuals is catalyzing the demand for organic, vegan, sugar-free, and gluten-free variants. Furthermore, leading market players are offering limited-edition premium chocolates fortified with high-quality nuts, grains, and cereals for special occasions, such as Christmas, Diwali, and New Year, via e-commerce channels. This, coupled with the rising awareness of online retailing and associated benefits like free shipping and the availability of attractive discounts, is anticipated to provide lucrative opportunities to market players in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global premium chocolate market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, packaging type and distribution channel.
Breakup by Product Type:
Dark Chocolate
Milk Chocolate
White Chocolate
Others
Breakup by Packaging Type:
Standard Packaging
Gift Packaging
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Specialty 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 competitive landscape of the industry has also been examined along with the profiles of the key players being Cargill Incorporated, Cemoi, Chocoladefabriken Lindt & Sprungli AG, Ferrero International S.A., Lake Champlain Chocolates, Mars Incorporated, Mondelez International Inc., Nestle S.A., Neuhaus, Pierre Marcolini Group, The Hershey Company and Yildiz Holding.
Key Questions Answered in This Report:
How has the global premium chocolate market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global premium chocolate market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the packaging type?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global premium chocolate market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Premium Chocolate Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Dark Chocolate
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Milk Chocolate
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 White Chocolate
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Packaging Type
7.1 Standard Packaging
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Gift Packaging
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Supermarkets and Hypermarkets
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Convenience Stores
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Specialty Stores
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Online Stores
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Cargill Incorporated
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 SWOT Analysis
14.3.2 Cemoi
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Chocoladefabriken Lindt & Sprungli AG
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Ferrero International S.A.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Lake Champlain Chocolates
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Mars Incorporated
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 SWOT Analysis
14.3.7 Mondelez International Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Nestle S.A.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Neuhaus
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Pierre Marcolini Group
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 The Hershey Company
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Yildiz Holding
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
Figure 1: Global: Premium Chocolate Market: Major Drivers and Challenges
Figure 2: Global: Premium Chocolate Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Premium Chocolate Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Premium Chocolate Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Premium Chocolate Market: Breakup by Packaging Type (in %), 2022
Figure 6: Global: Premium Chocolate Market: Breakup by Distribution Channel (in %), 2022
Figure 7: Global: Premium Chocolate Market: Breakup by Region (in %), 2022
Figure 8: Global: Premium Chocolate (Dark Chocolate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Premium Chocolate (Dark Chocolate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Premium Chocolate (Milk Chocolate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Premium Chocolate (Milk Chocolate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Premium Chocolate (White Chocolate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Premium Chocolate (White Chocolate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Premium Chocolate (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Premium Chocolate (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Premium Chocolate (Standard Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Premium Chocolate (Standard Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Premium Chocolate (Gift Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Premium Chocolate (Gift Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Premium Chocolate (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Premium Chocolate (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Premium Chocolate (Convenience Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Premium Chocolate (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Premium Chocolate (Specialty Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Premium Chocolate (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Premium Chocolate (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Premium Chocolate (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Premium Chocolate (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Premium Chocolate (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Premium Chocolate Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Premium Chocolate Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Premium Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Premium Chocolate Industry: SWOT Analysis
Figure 80: Global: Premium Chocolate Industry: Value Chain Analysis
Figure 81: Global: Premium Chocolate Industry: Porter's Five Forces Analysis
Table 1: Global: Premium Chocolate Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Premium Chocolate Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Premium Chocolate Market Forecast: Breakup by Packaging Type (in Million US$), 2023-2028
Table 4: Global: Premium Chocolate Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 5: Global: Premium Chocolate Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Premium Chocolate Market: Competitive Structure
Table 7: Global: Premium Chocolate Market: Key Players
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