Dark Chocolate Market Hits US$ 61.70 Billion in 2023, Poised for 7.81% CAGR Growth from 2024 to 2030

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The Dark Chocolate market is projected to reach US$ 104.45 Billion by 2030, as per Renub Research. Dark Chocolate, additionally known as ‘semisweet’ or ‘bittersweet’ chocolate, is wonderful for its composition, crafted from cocoa butter rather than fat like coconut oils or palm. Renowned for its rich and intense flavor, dark chocolate is a wealthy source of flavonoids, lending it its extraordinary pigment and health benefits. With over 60% cocoa solids and minimum introduced sugar, dark chocolate is available in numerous forms along with baking chocolate, sweets, or chocolate bars. Its growing recognition is attributed to its myriad health advantages, which includes safety against age induced stress and inflammation, vital in mitigating neurodegenerative disorders like Alzheimer’s sickness.

Increasing patron awareness and preference for more healthy food alternatives will power market growth. Dark chocolate, regarded as a healthier opportunity to milk chocolate due to its better cocoa content and ability health advantages, is gaining popularity. Growing demand for top notch indulgent products like darkish chocolate, spurred through growing disposable earning, evolving tastes, and converting nutritional choices, further boosts marketplace increase. The fast enlargement of e-commerce has made dark chocolate greater accessible, fueling market growth. Additionally, the trend towards easy-label and natural ingredients hastens dark chocolate adoption. Marketing efforts by key players highlighting precise flavors, origin, and sustainability elements also contribute to increased demand.

The dark chocolate market reached a value of US$ 61.70 billion in 2023 and is projected to grow at a CAGR of 7.81% from 2024 to 2030. The darkish chocolate market is expected to grow due to its medical benefits, rising demand for top-class types as gifts, increasing virtual channels, restrained edition seasonal launches via corporations, and elevated advertising efforts. Growing disposable incomes and converting nutritional behavior are in demand in growing countries. With a rising focus on fitness-conscious buyer, producers are incorporating herbal sugars like stevia and coconut sugar into their products. The emphasis on quality has brought about sourcing specific cocoa beans from Latin American worldwide locations, no matter the increased costs. Additionally, there’s a steady upward push in demand for darkish chocolate with dried end results like blueberries and cranberries, catering to client possibilities for gourmand services.

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The dark chocolate market has seen an increase in demand due to the rising interest in health and indulgence.

The dark chocolate market has experienced a surge in demand owing to the growing emphasis on health and indulgence. As consumers increasingly prioritize wellness and seek out healthier options, dark chocolate, with its perceived health benefits and rich flavor profile, has become a popular choice. Additionally, the allure of indulging in a decadent treat without compromising on health has contributed to its growing popularity. This trend reflects a shift towards more mindful consumption habits, where consumers seek products that offer both enjoyment and potential health advantages, driving the continued growth of the dark chocolate market.

Consumers are purchasing higher-priced chocolates, drawing multinational corporations into the global dark chocolate market.

The global dark chocolate market is witnessing a surge in interest from multinational corporations as consumers increasingly opt for higher-priced chocolates. This trend reflects a growing preference among consumers for premium-quality products and a willingness to invest in indulgent treats. Multinational companies are recognizing the potential of the dark chocolate market, driven by consumer demand for superior taste, quality, and health benefits. With a focus on expanding their product portfolios and capturing market share in this lucrative segment, multinational corporations are strategically positioning themselves to capitalize on the growing popularity of dark chocolate among discerning consumers worldwide.

Key Player

Nestlé S.A., The Hershey Company, Mondelez International, Inc., AMUL Industries Pvt Ltd, Meiji Holdings Co. Ltd, Saputo Inc, Chocoladefabriken Lindt, and Sprungli AG, along with Hotel Chocolat Group plc, are notable players in the dark chocolate market.

Type – Market breakup from 4 viewpoints

1.    70% Cocoa Dark Chocolate

2.    75% Cocoa Dark Chocolate

3.    80% Cocoa Dark Chocolate

4.    90% Cocoa Dark Chocolate

Application – Market breakup from 4 viewpoints

1.    Confectionery

2.    Functional Food & Beverage

3.    Pharmaceuticals

4.    Cosmetics

Distribution Channel – Market breakup from 4 viewpoints

1.    Convenience Stores

2.    Supermarkets and Hypermarkets

3.    Non-Grocery retailers

4.    Others

Country – Market breakup from 25 viewpoints

1.    North America

1.1    United States

1.2    Canada

2.    Europe

2.1    France

2.2    Germany

2.3    Italy

2.4    Spain

2.5    United Kingdom

2.6    Belgium

2.7    Netherland

2.8    Turkey

3.    Asia Pacific

3.1    China

3.2    Japan

3.3    India

3.4    South Korea

3.5    Thailand

3.6    Malaysia

3.7    Indonesia

3.8    Australia

3.9    New Zealand

4.    Latin America

4.1    Brazil

4.2    Mexico

4.3    Argentina

5.    Middle East & Africa

5.1    Saudi Arabia

5.2    UAE

5.3    South Africa

All Key players have been covered from 3 viewpoints

•    Overview

•    Recent Development

•    Revenue

Company Analysis

1    Nestlé S.A.

2    The Hershey Company

3    Mondelez International, Inc.

4    AMUL Industries Pvt Ltd

5    Meiji Holdings Co. ltd

6    Saputo Inc

7    Chocoladefabriken Lindt and Sprungli AG

8    Hotel Chocolat Group plc

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