Chocolate Market
                     Chocolate Market Revenue, Manufacturers, Customer Needs and Forecast to 2027
Market Overview
Chocolate is a typically sweet, usually brown comfort food prepared from cocoa tree in the form of 
blocks, liquid, or paste. Chocolate is used as flavoring ingredients in several foodstuffs, such as 
chocolate brownies, cakes, chocolate cookies, bars, and candies. The main ingredient cocoa 
provides phytochemicals, which is an antioxidant. The content of phytochemicals is high in dark 
chocolates. Chocolate increases serotonin levels in the brain and the gut and improves immune 
system.
The increasing awareness of health benefits associated with chocolate is major factor propelling 
growth of the chocolate market. Consuming chocolate offers health benefits such as blood pressure 
suppressing property, antioxidant enrichment, and anti-aging. Furthermore, increasing demand for 
chocolate and chocolate-base products on seasonal and festival occasion significantly contributes to 
growth of the chocolate market. High demand for chocolate in confectionery market further fuels 
growth of the market. For instance, according to Coherent Market Insights’ analysis, the 
confectionery market is expected to witness CAGR of 3.8% during the forecast period of 2017 - 
2025.
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Market Dynamics
Major drivers propelling the growth of chocolate market includes wide range of application such as 
flavored food items and confectionary products. Milk chocolates dominates the flavored chocolate 
market, followed by dark chocolate. According to coherent market insights, global milk chocolate 
market is valued US$ 39.49 billion in 2016. Rising awareness about the health benefits of dark 
chocolate, such as potential cancer prevention, improved heart health, maintaining cholesterol level,
and high antioxidant level is expected to boost the growth of chocolate market over the forecast 
period. According to National Center for Biotechnology Information (NCBI), cocoa chocolate has 
cancer protective properties along with it is strong antioxidant effects with a pleasurable eating 
experience.
Detailed Segmentation:
• Global Chocolate Market, By Price Range:
• Economic Chocolate
• Mid-Range Chocolate
• Premium Chocolate
• Global Chocolate Market, By Flavor:
• White Chocolate
• Milk Chocolate
• Dark Chocolate
• Bittersweet
• Semi-sweet
• Others
Some of the major players in the chocolate market include Mars, Hershey, Nestlé, Barry Callebaut, 
Kraft Foods, Ferrero, Moonstruck Chocolatier Co., Ghirardelli Chocolate Co., and Mondelez 
International (Cadbury).
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