premium chocolate market

Global Premium Chocolate Market - Industry Trends and Forecast to 2030

  • Published Date: 2023-08-18
  • Report ID: 145376
  • Pages: 250
  • Format: prudent report format

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
Mondelz International
THE HERSHEY COMPANY
Ferrero, Nestl
General Mills, Inc.
Meiji Holdings Co., Ltd.
Chocoladefabriken Lindt & Sprngli AG
Barry Callebaut
The Kraft Heinz Company
Cargill, Incorporated.
Cloetta AB,
ORION CORP.
Ghirardelli Chocolate Company (A Subsidiary of Lindt & Sprngli 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 & SPRNGLI 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 MONDELZ 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 NESTL 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 & SPRNGLI 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
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