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Chocolate Market Share

Report ID: GMI7029
Published Date: Oct 2023
Report Format: PDF

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Chocolate Market Share

Major companies operating in the chocolate industry include:

Mars, Inc
Mondelez International
Nestlé S.A.
Ferrero Group
Hershey Company
Lindt & Sprüngli AG
Ghirardelli Chocolate Company

Mars, Inc. is a chocolate manufacturer known for popular brands such as Dove, Snickers, M&M's, and Twix. Mars chocolates are well-known throughout the world for their delicious taste and high quality. The company is dedicated to obtaining cocoa beans from trustworthy suppliers and employs sustainable practices in the production of its chocolate.

Authors: Kunal Ahuja, Himanshu Kabra

Frequently Asked Questions (FAQ) :

The market size of chocolate was worth USD 120.42 billion in 2023 and is set to reach USD 161.85 billion by the end of 2032, owing to its rising adaptability in numerous forms, including bars, truffles, and beverages made with cocoa.

Demand for milk chocolate segment held over USD 68.7 billion in revenue in 2022, driven by higher adoption in multiple dessert and confectionery products to offer sweet and creamy flavor.

The supermarkets and hypermarkets segment is anticipated to grow at 2.9% CAGR from 2023-2032, owing to benefits, such as convenience and extensive product variety.

Europe market size was valued at USD 51.4 billion in 2022, due to ongoing popularity as a beloved treat and important component in wide variety of culinary and confectionery products.