Premium Chocolate Market (Product Type - Dark, White, and Milk; Distribution Channels - Hypermarkets/ Supermarkets, Convenience Stores, Online Channels, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Premium Chocolate Market (Product Type - Dark, White, and Milk; Distribution Channels - Hypermarkets/ Supermarkets, Convenience Stores, Online Channels, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Report Code: FB0131 Category: Food & Beverages Published: November, 2022

A recent report published by Infinium Global Research on the premium chocolate market provides an in-depth analysis of segments and sub-segments in the global as well as the regional premium chocolate market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional premium chocolate market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global premium chocolate market. According to the report, the global premium chocolate market is projected to grow at a CAGR of about 8% over the forecast period of 2022-2028. 

Market Insight

The market was valued at nearly USD 36 billion in 2022 and is expected to reach over USD 56 billion in 2028, with a CAGR of about 8% during the forecast period. During the forecast period, the premium chocolate market is expected to rise at a substantial CAGR. High-end chocolate varieties known as "premium chocolates" are made with only the finest ingredients and unusual flavors like peanut butter, caramel, mint, honey, tropical fruits, espresso, and others. Due to increased awareness of the advantages of premium chocolates and increased branding of these products as gifts by important companies, premium chocolates are becoming more and more popular throughout the world. The rise in popularity of gourmet chocolates made from ultra-fine cocoa beans, rising demand for dark chocolates made with cocoa powder, rising consumption of skimmed milk chocolate among young people, and rising investment by key players to create high-quality and healthier premium chocolates are the factors expected to propel the growth of the premium chocolate market for the foreseeable future. 


Premium Chocolate Market


The demand for dark premium chocolates manufactured with cocoa powder and cocoa beans has increased due to the growing popularity of organic and clean label movements. Additionally, one of the key factors boosting the growth of the premium chocolate market is how well-informed consumers in developed countries are about the health advantages of dark chocolate and how willing they are to choose it as a dessert option. In order to draw in young customers worldwide, premium chocolates like dark chocolate and skimmed milk chocolate are increasingly being promoted as gifts. As a result of increasing customer demand, major companies worldwide are also releasing dark and milk premium chocolates as gifts, which is further boosting the growth of the premium chocolate market. However, one of the key elements thought to be limiting the expansion of the premium chocolate market is the fluctuating price of cocoa beans. 

Consumers of chocolate in the European region are becoming more and more interested in premium textured chocolate that has grains or cereals added. Additionally, as buyers choose meticulously packaged premium chocolate presents with a "high providing value," the packaging is crucial. In Germany, stores like Aldi and Lidl also sell their luxury chocolate brands. During the projection period, growth in the Asia-Pacific region is anticipated to be strong. Additionally, the sector has grown over the past ten years in major part as a result of the expanding knowledge of the health advantages of some varieties of chocolate and their rising appeal in Asia Pacific nations. As a result, it is anticipated that Asia Pacific would continue to have the highest CAGR. 

Segment Covered

The report on the global premium chocolate market covers segments such as product type, and distribution channels. On the basis of product type, the sub-markets include dark, white, and milk. On the basis of distribution channels, the sub-markets include hypermarkets/ supermarkets, convenience stores, online channels, and others. 

Companies Profiled:

The report provides profiles of the companies in the market such as Nestle SA, The Hershey Company, Ferrero Group, Yildiz Holding, Mars Incorporated, Lake Champlain Chocolates, Mondelez International Inc., Cemoi Chocolatier SA, Pierre Marcolini Group, and Chocoladefabriken Lindt &Sprungli AG. 

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the premium chocolate market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.


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