Product Code: SR112024A4795
The global premium chocolate market size reached US$ 33.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 65.1 Billion by 2032, exhibiting a growth rate (CAGR) of 7.4% during 2024-2032.
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 2024-2032. 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
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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?
Table of Contents
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