Global Chocolate Market to Hit USD 172.89 Billion by 2030, Driven by AI-Powered Personalization & Top Manufacturer - Ferrero Group, Hershey Foods, Cadbury

NEW DELHI, May 21, 2025 /PRNewswire/ -- The Global Chocolate Market size was valued at approximately USD 130.72 billion in 2024 and is expected to expand to around USD 172.89 billion by 2030. As per recent chocolate market research conducted by MarkNtel Advisors, this market is projected to grow at a compound annual growth rate (CAGR) of about 4.17% during the forecast period from 2025 to 2030. A significant driving force behind this growth is the increasing demand for premium and specialty chocolates, particularly noted in the US, France, Belgium, and Germany. Key factors influencing this trend include a rising consumer preference for organic, vegan, gluten-free, and sugar-free chocolate options, contributing to the overall chocolate market size.

Seasonal fluctuations have a strong impact on high-end chocolate sales, encouraging chocolate manufacturers to launch a diverse array of products targeted for festive occasions such as Easter, Christmas, and other celebrations.

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Key Driver - AI-Powered Personalization in the Industry

Technological innovation—particularly the integration of artificial intelligence (AI)—is reshaping the global chocolate market, setting the stage for exponential growth in both demand and value. As top players in Chocolate industry deepen their understanding of evolving consumer preferences, AI is enabling a new era of hyper-personalization, allowing chocolate manufacturers to go beyond mass production and offer bespoke products tailored to individual tastes.

Through advanced chocolate market research and AI-powered data analytics, leading brands are optimizing product recommendations, flavor combinations, and packaging designs to resonate with highly targeted consumer segments. This trend is particularly evident in the expanding luxury chocolate market, where personalization enhances the perception of exclusivity and drives higher price realization.

Global Chocolate Market Statistics:

• Industry Worth in 2024: USD 130.72 Billion
• Projected Valuation by 2030: USD 172.89 Billion
• Forecast Period CAGR: 4.17% (2025–2030)
• Base Year: 2024 | Historical Years: 2020–2023
• Leading Product Segment: Dark Chocolate
• Dominating Application: Food and Beverages
• Leading Region: Europe

AI-driven subscription services and digital platforms are curating unique assortments, elevating consumer engagement and increasing retention rates. These capabilities are driving meaningful shifts in chocolate market trends, as consumers increasingly expect tailored experiences over generic offerings. The ability to deliver these experiences is rapidly becoming a key competitive differentiator across major chocolate market segments.

Operationally, AI is enhancing efficiency in supply chain and inventory management—critical given the volatile pricing environment for raw materials like cocoa. By improving production planning and minimizing waste, companies are protecting margins and supporting sustainable practices—both key pillars in modern chocolate industry analysis.

Furthermore, AI is helping brands identify and reach the target market for chocolate more effectively—whether it's health-conscious consumers seeking portion-controlled indulgences or premium buyers in search of artisanal craftsmanship. This evolution is driving a shift in the chocolate industry worth, as value creation increasingly hinges on digital capabilities and consumer-centric innovation.

Chocolate Market Trends –

Single-origin & Certified Chocolates – The fine-flavored cocoa market is seeing remarkable growth in regions such as Europe and North America. Gourmet chocolate producers are increasingly utilizing ultra and high-end cocoa beans, while regular fine beans are becoming synonymous with premium chocolate offerings in countries including the UK, Brazil, the US, China, India, the Netherlands, Germany, and Switzerland. This growth is heavily influenced by a rising awareness of health benefits and a growing appetite for exclusive chocolate products.

The thriving premium cocoa sector, characterized by certifications for sustainability and offerings from single origins, is a key driver of overall growth within the chocolate market. In order to keep pace with increasing consumer demand, many manufacturers are expanding their portfolios to include single-origin and premium chocolate options. These strategic efforts bolster profit margins and enhance brand reputations, thereby supporting a vibrant market expansion.

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Leading Companies & Latest Development in the Worldwide Chocolate Market

Top Vendor/Manufacturer - Ghirardelli Chocolate Co, Ferrero Group, Mars Inc, Hershey Foods Corp, Moonstruck Chocolatier Co, Barry Callebaut, Nestle SA, Amul, Cadbury, and others, are driving growth through strategic acquisitions, partnerships, and product innovation.

• In January 2024, Ferrero Group, declared the launch of plant-based Nutella in Italy. The new vegan-certified chocolate spread aimed at lactose-intolerant consumers and flexitarians replaces milk powder with a plant-based ingredient while retaining palm oil in the recipe.
• In September 2024, Ferrero North America expanded its premium product line with the launch of two new chocolate bar variants: Crunchy Salted Caramel and Dark Hazelnut. These innovations reflect Ferrero's strategic focus on flavor sophistication and evolving consumer taste preferences within the competitive chocolate market.

Global Chocolate Market Segments Overview:

The industry is further bifurcated into:

• By Chocolate Type (Milk Chocolate, White Chocolate, Dark Chocolate)
• By Packaging Type (Flexible Packaging, Rigid Packaging)
• By Application (Food & Beverages Industries [Bakery, HoReCa], Retail Consumption)
• By Category (Synthetic Chocolates, Organic Chocolates)
• By Sales Channel (Offline- [Supermarkets & Hypermarkets Convenience Stores, Brand Owned Outlets], Online)

- Leading Segment by Chocolate Type – "Dark chocolate" secured the leading market share and is anticipated to maintain its dominance in the coming forecast years. Manufactured with cocoa content exceeding 60%, dark chocolate is renowned for its health advantages, such as reducing cardiovascular disease risks and enhancing blood circulation. The consumption of dark chocolate is associated with various health benefits, including the reduction of anxiety and improvement in symptoms of clinical depression. This segment is expected to grow over the projected period as consumers increasingly recognize dark chocolate as a healthy product.

- Fastest Growing Region – "Europe" is predicted to dominate the Global Chocolate Market in the upcoming years. The region is a pivotal center for industrial chocolate production, home to major global producers, mainly in Belgium, the Netherlands, Germany, and Switzerland. Not only is Europe a key producer, but it also leads in chocolate consumption. The cocoa market in this region thrives on variety, sourcing a wide range of cocoa beans to meet industry demands, and Europe accounts for 61% of global cocoa bean imports. Dark chocolates, in particular, are in high demand due to their low sugar content and intense cocoa flavor.

Moreover, plain chocolate prevails supreme in the UK; however, there is a growing interest in premium varieties, particularly dark chocolates, reflecting changing consumer tastes. In response to evolving consumer preferences, companies are developing free-from and vegan chocolates that are gluten-free, dairy-free, soy-free, and vegan, which are having a significant impact on the European Chocolate Market.

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List of Tables:

1. Table 1: Market Size & Analysis by Revenues (USD Million)
2. Table 2: Market Size & Analysis by Volume (Kilo Tons)
3. Table 3: Market Share by Chocolate Type
4. Table 4: Milk Chocolate - Market Size & Forecast 2019-2030
5. Table 5: White Chocolate - Market Size & Forecast 2019-2030
6. Table 6: Dark Chocolate - Market Size & Forecast 2019-2030
7. Table 7: Market Share by Packaging Type
8. Table 8: Flexible Packaging - Market Size & Forecast 2019-2030
9. Table 9: Rigid Packaging - Market Size & Forecast 2019-2030
10. Table 10: Market Size by Application (Food & Beverages Industries)
11. Table 11: Bakery - Market Size & Forecast 2019-2030
12. Table 12: HoReCa - Market Size & Forecast 2019-2030
13. Table 13: Retail Consumption Market Size & Analysis
14. Table 14: Market Size by Category (Synthetic Chocolates)
15. Table 15: Market Size by Category (Organic Chocolates)
16. Table 16: Market Size by Sales Channel (Offline)
17. Table 17: Market Size by Region
18. Table 18: Market Size by Country within each Region

List of Figures:

1. Figure 1: Global Chocolate Market Dynamics
2. Figure 2: Chocolate Market Drivers and Challenges
3. Figure 3: Global Chocolate Market Pricing Analysis
4. Figure 4: Chocolate Market Trends & Development
5. Figure 5: Global Chocolate Market Supply Chain Analysis
6. Figure 6: Competitive Landscape of Leading Companies in the Chocolate Market
7. Figure 7: Regional Distribution of the Global Chocolate Market
8. Figure 8: Market Share Comparison by Chocolate Type
9. Figure 9: Consumer Preferences in Chocolate Consumption
10. Figure 10: Projected Growth of the Chocolate Market 2019-2030F

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