The global premium chocolate market is expected to reach USD 53,578,784.92 thousand by 2030 from USD 38,910,192.97 thousand in 2022, growing at a CAGR of 4.3% during the forecast period of 2023 to 2030.
Market Segmentation:
Global Premium Chocolate Market, By Type (Milk chocolate, Dark Chocolate, and White Chocolate), Product Type (Regular/Plain Chocolate and Filled Chocolate), Inclusion (With Inclusions Chocolates and Regular/No Inclusions Chocolates), Nature (Conventional and Organic), Category ( Standard Premium and Super Premium), Cocoa Content (50-60%, 71-80%, 61-70%, 81-90%, and 91-100%), Flavor (Flavor and Classic/Regular), Packaging (Plastic Wrap, Gift Boxes/Assorted, Pouches, Board Box, Sachets, and Others), Distribution Channel (Store Based Retailers and Non-store retailers), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Industry Trends and Forecast to 2030.
Overview of North America Premium Chocolate Market Dynamics:
Driver
Rise in the popularity of vegan, organic, and gluten free chocolates
Restrain
Availability of substitutes
Opportunity
Rising trend of online distribution channel
Market Players:
Some of the key players operating in the global premium chocolate market are:
Mars, Incorporated and its Affiliates
Mondelez International
THE HERSHEY COMPANY
Ferrero, Nestle
General Mills, Inc.
Meiji Holdings Co., Ltd.
Chocoladefabriken Lindt & Sprungli AG
Barry Callebaut
The Kraft Heinz Company
Cargill, Incorporated.
Cloetta AB,
ORION CORP.
Ghirardelli Chocolate Company (A Subsidiary of Lindt & Sprungli AG)
Ezaki Glico Co., Ltd.
MORINAGA & CO., LTD
Arcor
TABLE OF CONTENTS
1 INTRODUCTION 60
- 1.1 OBJECTIVES OF THE STUDY 60
- 1.2 MARKET DEFINITION 60
- 1.3 OVERVIEW OF THE GLOBAL PREMIUM CHOCOLATE MARKET 60
- 1.4 LIMITATIONS 62
- 1.5 MARKETS COVERED 62
2 MARKET SEGMENTATION 70
- 2.1 MARKETS COVERED 70
- 2.2 GEOGRAPHICAL SCOPE 71
- 2.3 YEARS CONSIDERED FOR THE STUDY 72
- 2.4 CURRENCY AND PRICING 72
- 2.5 DBMR TRIPOD DATA VALIDATION MODEL 73
- 2.6 GRADE LIFE LINE CURVE 76
- 2.7 MULTIVARIATE MODELING 77
- 2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 78
- 2.9 DBMR MARKET POSITION GRID 80
- 2.10 MARKET APPLICATION COVERAGE GRID 81
- 2.11 DBMR MARKET CHALLENGE MATRIX 82
- 2.12 DBMR VENDOR SHARE ANALYSIS 83
- 2.13 SECONDARY SOURCES 84
- 2.14 ASSUMPTIONS 85
3 EXECUTIVE SUMMARY 86
4 PREMIUM INSIGHTS 90
- 4.1 ANALYSIS OF HAZELNUT CONTENT FOR TOP GLOBAL PREMIUM CHOCOLATE BRANDS 92
- 4.2 BRAND COMPARATIVE ANALYSIS 93
- 4.2.1 FERRERO 93
- 4.2.2 NESTLE 93
- 4.2.3 CHOCOLADEFABRIKEN LINDT & SPRUNGLI AG 94
- 4.3 FACTORS INFLUENCING BUYING DECISION 95
- 4.3.1 PACKAGING FACTOR 95
- 4.3.2 TASTE 95
- 4.3.3 HEALTH 95
- 4.3.4 BRAND LOYALTY 95
- 4.3.5 GENDER AND AGE 95
- 4.3.6 INCOME 96
- 4.4 INDUSTRY TRENDS AND FUTURE PERSPECTIVE 97
- 4.4.1 RISING CONSUMER PREFERENCE TOWARD DARK AND VEGAN CHOCOLATE 97
- 4.4.2 CONSUMERS ARE INTERESTED IN NEW INNOVATIVE FLAVOURS AND TEXTURE 98
- 4.4.3 RISING DEMAND FOR PREMIUM CHOCOLATES FOR GIFTING PURPOSES 98
- 4.4.4 FUTURE PERSPECTIVE 98
- 4.5 MEETING CONSUMER REQUIREMENT 99
- 4.6 SUPPLY CHAIN ANALYSIS 100
- 4.6.1 RAW MATERIAL PROCUREMENT & MANUFACTURING 100
- 4.6.2 DISTRIBUTION 101
- 4.6.3 END-USERS 101
- 4.7 SHOPPING BEHAVIOR AND DYNAMICS 102
- 4.7.1 RECOMMENDATIONS FROM FAMILY AND FRIENDS 102
- 4.7.2 RESEARCH 102
- 4.7.3 IMPULSIVE 102
- 4.7.4 ADVERTISEMENT 102
- 4.7.5 TELEVISION ADVERTISEMENT 102
- 4.7.6 ONLINE ADVERTISEMENT 103
- 4.7.7 IN-STORE ADVERTISEMENT 103
- 4.7.8 OUTDOOR ADVERTISEMENT 103
- 4.8 NEW PRODUCT LAUNCH STRATEGY 104
- 4.8.1 NUMBER OF PRODUCT LAUNCHES 104
- 4.8.2 LINE EXTENSION 104
- 4.8.3 NEW PACKAGING 104
- 4.8.4 RE-LAUNCHED 104
- 4.8.5 NEW FORMULATION 104
- 4.8.6 DIFFERENTIAL PRODUCT OFFERING 105
- 4.8.7 PACKAGE DESIGNING 105
- 4.8.8 PRICING ANALYSIS 105
- 4.9 REGULATION COVERAGE 106
5 MARKET OVERVIEW 108
- 5.1 DRIVERS 110
- 5.1.1 RISE IN THE POPULARITY OF VEGAN, ORGANIC, AND GLUTEN FREE CHOCOLATES 110
- 5.1.2 HIGH DEMAND FOR PREMIUM CHOCOLATES IN FESTIVE SEASONS 110
- 5.1.3 DEMAND FOR PREMIUM CHOCOLATES OWING TO THE SHIFT TOWARDS A HEALTHY LIFESTYLE 111
- 5.1.4 USE OF PREMIUM CHOCOLATE IN THE BAKING INDUSTRY 112
- 5.2 RESTRAINTS 112
- 5.2.1 FLUCTUATING PRICES OF RAW MATERIALS 112
- 5.2.2 AVAILABILITY OF VARIOUS SUBSTITUTE 112
- 5.3 OPPORTUNITIES 113
- 5.3.1 CONTINUOUS FOCUS ON DEVELOPING NEW FLAVORED AND UNIQUE CHOCOLATES 113
- 5.3.2 RISING TREND OF ONLINE DISTRIBUTION 113
- 5.4 CHALLENGES 114
- 5.4.1 RISING COST OF SUPPLY CHAIN 114
- 5.4.2 RULES AND REGULATIONS ASSOCIATED WITH PREMIUM CHOCOLATES 115
6 GLOBAL PREMIUM CHOCOLATE MARKET, BY REGION 116
- 6.1 OVERVIEW 117
- 6.2 EUROPE 132
- 6.2.1 GERMANY 147
- 6.2.2 U.K. 156
- 6.2.3 FRANCE 165
- 6.2.4 ITALY 174
- 6.2.5 SPAIN 183
- 6.2.6 RUSSIA 192
- 6.2.7 TURKEY 202
- 6.2.8 SWITZERLAND 212
- 6.2.9 BELGIUM 222
- 6.2.10 NETHERLANDS 232
- 6.2.11 REST OF EUROPE 242
- 6.3 NORTH AMERICA 243
- 6.3.1 U.S. 258
- 6.3.2 CANADA 267
- 6.3.3 MEXICO 276
- 6.4 ASIA-PACIFIC 286
- 6.4.1 CHINA 301
- 6.4.2 INDIA 310
- 6.4.3 JAPAN 320
- 6.4.4 INDONESIA 329
- 6.4.5 SOUTH KOREA 339
- 6.4.6 AUSTRALIA 349
- 6.4.7 PHILIPPINES 359
- 6.4.8 THAILAND 369
- 6.4.9 MALAYSIA 379
- 6.4.10 SINGAPORE 389
- 6.4.11 REST OF ASIA-PACIFIC 399
- 6.5 SOUTH AMERICA 400
- 6.5.1 BRAZIL 413
- 6.5.2 ARGENTINA 420
- 6.5.3 REST OF SOUTH AMERICA 428
- 6.6 MIDDLE EAST AND AFRICA 429
- 6.6.1 UNITED ARAB EMIRATES 443
- 6.6.2 SOUTH AFRICA 453
- 6.6.3 SAUDI ARABIA 463
- 6.6.4 KUWAIT 473
- 6.6.5 REST OF MIDDLE EAST AND AFRICA 483
7 GLOBAL PREMIUM CHOCOLATE MARKET: COMPANY LANDSCAPE 484
- 7.1 COMPANY SHARE ANALYSIS: GLOBAL 484
- 7.2 COMPANY SHARE ANALYSIS: EUROPE 485
- 7.3 COMPANY SHARE ANALYSIS: NORTH AMERICA 486
- 7.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 487
- 7.5 ACQUISITION 488
- 7.6 NEW PRODUCT DEVELOPMENT 489
- 7.7 FACILITY EXPANSION 490
- 7.8 NEW APPOINTMENT 490
8 SWOT ANALYSIS 491
9 COMPANY PROFILES 492
- 9.1 MARS, INCORPORATED AND ITS AFFILIATES 492
- 9.1.1 COMPANY SNAPSHOT 492
- 9.1.2 COMPANY SHARE ANALYSIS 492
- 9.1.3 PRODUCT PORTFOLIO 493
- 9.1.4 RECENT UPDATES 493
- 9.2 MONDELEZ INTERNATIONAL 494
- 9.2.1 COMPANY SNAPSHOT 494
- 9.2.2 REVENUE ANALYSIS 494
- 9.2.3 COMPANY SHARE ANALYSIS 495
- 9.2.4 PRODUCT PORTFOLIO 495
- 9.2.5 RECENT DEVELOPMENT 496
- 9.3 THE HERSHEY COMPANY 497
- 9.3.1 COMPANY SNAPSHOT 497
- 9.3.2 REVENUE ANALYSIS 497
- 9.3.3 COMPANY SHARE ANALYSIS 498
- 9.3.4 PRODUCT PORTFOLIO 498
- 9.3.5 RECENT DEVELOPMENT 499
- 9.4 FERRERO 500
- 9.4.1 COMPANY SNAPSHOT 500
- 9.4.2 COMPANY SHARE ANALYSIS 500
- 9.4.3 PRODUCT PORTFOLIO 501
- 9.4.4 RECENT UPDATES 501
- 9.5 NESTLE 502
- 9.5.1 COMPANY SNAPSHOT 502
- 9.5.2 REVENUE ANALYSIS 502
- 9.5.3 COMPANY SHARE ANALYSIS 503
- 9.5.4 PRODUCT PORTFOLIO 503
- 9.5.5 RECENT DEVELOPMENT 504
- 9.6 ARCOR 505
- 9.6.1 COMPANY SNAPSHOT 505
- 9.6.2 REVENUE ANALYSIS 505
- 9.6.3 PRODUCT PORTFOLIO 506
- 9.6.4 RECENT DEVELOPMENT 506
- 9.7 BARRY CALLEBAUT 507
- 9.7.1 COMPANY SNAPSHOT 507
- 9.7.2 REVENUE ANALYSIS 507
- 9.7.3 PRODUCT PORTFOLIO 508
- 9.7.4 RECENT UPDATES 508
- 9.8 CARGILL, INCORPORATED 509
- 9.8.1 COMPANY SNAPSHOT 509
- 9.8.2 PRODUCT PORTFOLIO 509
- 9.8.3 RECENT UPDATES 510
- 9.9 CHOCOLADEFABRIKEN LINDT & SPRUNGLI AG (2022) 511
- 9.9.1 COMPANY SNAPSHOT 511
- 9.9.2 REVENUE ANALYSIS 511
- 9.9.3 PRODUCT PORTFOLIO 512
- 9.9.4 RECENT DEVELOPMENT 515
- 9.10 CLOETTA AB 516
- 9.10.1 COMPANY SNAPSHOT 516
- 9.10.2 REVENUE ANALYSIS 516
- 9.10.3 PRODUCT PORTFOLIO 517
- 9.10.4 RECENT DEVELOPMENT 517
- 9.11 EZAKI GLICO CO., LTD. 518
- 9.11.1 COMPANY SNAPSHOT 518
- 9.11.2 REVENUE ANALYSIS 518
- 9.11.3 PRODUCT PORTFOLIO 519
- 9.11.4 RECENT DEVELOPMENT 519
- 9.12 GENERAL MILLS, INC. 520
- 9.12.1 COMPANY SNAPSHOT 520
- 9.12.2 REVENUE ANALYSIS 520
- 9.12.3 PRODUCT PORTFOLIO 521
- 9.12.4 RECENT DEVELOPMENT 521
- 9.13 GHIRARDELLI CHOCOLATE COMPANY 522
- 9.13.1 COMPANY SNAPSHOT 522
- 9.13.2 PRODUCT PORTFOLIO 522
- 9.13.3 RECENT DEVELOPMENT 523
- 9.14 MEIJI HOLDINGS CO., LTD. 524
- 9.14.1 COMPANY SNAPSHOT 524
- 9.14.2 REVENUE ANALYSIS 524
- 9.14.3 PRODUCT PORTFOLIO 525
- 9.14.4 RECENT DEVELOPMENT 525
- 9.15 MORINAGA & CO., LTD. 526
- 9.15.1 COMPANY SNAPSHOT 526
- 9.15.2 REVENUE ANALYSIS 526
- 9.15.3 PRODUCT PORTFOLIO 527
- 9.15.4 RECENT DEVELOPMENT 527
- 9.16 ORION CORP. 528
- 9.16.1 COMPANY SNAPSHOT 528
- 9.16.2 REVENUE ANALYSIS 528
- 9.16.3 PRODUCT PORTFOLIO 529
- 9.16.4 RECENT DEVELOPMENTS 529
- 9.17 THE KRAFT HEINZ COMPANY 530
- 9.17.1 COMPANY SNAPSHOT 530
- 9.17.2 REVENUE ANALYSIS 530
- 9.17.3 PRODUCT PORTFOLIO 531
- 9.17.4 RECENT DEVELOPMENT 531
10 QUESTIONNAIRE 532
11 RELATED REPORTS 536