Premium Chocolate Market - Forecast(2021 - 2026)

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Premium Chocolate Market Overview

Premium Chocolate Market size is estimated to reach $48.2 billion by 2026, growing at a CAGR of 9.6% during the forecast period 2021-2026. Premium chocolates are high-quality chocolate variants that are produced from ultra-fine ingredients and are infused with a variety of exotic flavors, including peanut butter, caramel, mint, honey, tropical fruits, espresso, and others. Premium chocolates are increasingly being adopted across the world owing to the growing awareness about the benefits of premium chocolates and the rise in the branding of premium chocolates as gifts by the key players. The rise in the demand for dark chocolates made with cocoa powder, growing adoption of skimmed milk chocolate among the young population, increase in the popularity of gourmet chocolates prepared from ultra-fine cocoa beans, and growing investment by the key players to develop quality and healthier premium chocolates are the factors that are set to drive the growth of the Premium Chocolate Market for the period 2021-2026.

Premium Chocolate Market Report Coverage

The report: “Premium Chocolate Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Premium Chocolate Market.

By Product Type: Dark Premium Chocolate and White and Milk Premium Chocolate.
By Distribution Channel: Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Others.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (Middle East and Africa).

Key Takeaways

  • Geographically, North America Premium Chocolate Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the demand for dark chocolates made with cocoa powder.
  • The increase in the availability of flavored premium chocolates in supermarkets is driving the Supermarkets/Hypermarkets segment. However, the fluctuating price of cocoa beans is one of the major factors that is said to reduce the growth of the Premium Chocolate Market.
  • Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Premium Chocolate Market report.

Premium Chocolate Market Size, By Product Type, 2020-2026 (USD Million)

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Premium Chocolate Market Segment Analysis-By Product Type

The Premium Chocolate Market based on the Product Type can be further segmented into Dark Premium Chocolate and White and Milk Premium Chocolate. The Dark Premium Chocolate segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 10.1% over the period 2021-2026. This growth is owing to the factors such as the increase in the availability of dark premium chocolates and the growing demand for dark chocolates made with cocoa powder. The rise in the inclination towards dark chocolates made with cocoa beans in developed nations is driving the growth of the Premium Chocolate Market. The White and Milk Premium Chocolate segment held the second-largest share in 2020 owing to the factors such as the growing demand for skimmed milk chocolate among the young population and the rise in the product launches of white and milk premium chocolates.

Premium Chocolate Market Segment Analysis-By Distribution Channel

The Premium Chocolate Market based on the Distribution Channel can be further segmented into Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Others. The Supermarkets/Hypermarkets segment held the largest share in 2020 owing to the factors such as the increase in the demand for various premium chocolates made with cocoa powder in supermarkets and the rise in the investment by the key players. The easy availability of choice of flavor and trustworthiness in the supermarkets is driving the growth of the Premium Chocolate Market. The Online Channels segment is estimated to be the fastest-growing segment with a CAGR of 10.3% over the period 2021-2026. This growth is owing to the factors such as the rise in the demand for skimmed milk chocolate among the young population in online channels, advancements in technology, and growing inclination towards a sedentary lifestyle.

Premium Chocolate Market Segment Analysis-By Geography

North America held the largest share with 27% of the overall market in 2020. The growth in this segment is owing to the factors such as the growing demand for dark chocolates made with cocoa powder and cocoa beans and an increase in product launches by key players. The increasing awareness about the health benefits of premium chocolates in developed nations is driving the growth of the Premium Chocolate Market. Asia-Pacific segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the rise in the demand for skimmed milk chocolate and growing investment by the key players to develop quality and healthier premium chocolates.

Premium Chocolate Market Drivers

Rise in the Demand for Dark Premium Chocolates

The rise in the demand for organic and clean label trends has propelled the demand for dark premium chocolates made with cocoa powder and cocoa beans. Moreover, consumers in developed nations are more informed about the health benefits of dark chocolate and are increasingly inclining towards opting for dark chocolates as a dessert option, which is one of the major factors driving the growth of the Premium Chocolate Market.

Increase in the Branding of Premium Chocolates as Gifts

Premium chocolates, such as skimmed milk chocolate and dark chocolate are increasingly being branded as gifts to attract young consumers across the world. The key players across the world are also increasingly launching dark and milk premium chocolates as gifts owing to the growing demand from consumers, which is further propelling the growth of the Premium Chocolate Market.

Premium Chocolate Market Challenges 

Fluctuating Price of Cocoa Beans

The key players in the market are increasing their investment to carry out various research and development activities for launching quality and healthier premium chocolates. However, the fluctuating price of cocoa beans is one of the major factors that is estimated to reduce the growth of the Premium Chocolate Market.

Premium Chocolate Market Competitive Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Premium Chocolate Market. Key companies of this market are The Hershey Company, Ferrero Group, Yildiz Holding, Mondelez International Inc, Mars Incorporated, Lake Champlain Chocolates, Nestle SA, Cemoi Chocolatier SA, Chocoladefabriken Lindt & Sprungli AG, and Pierre Marcolini Group among others.

Acquisitions/Product Launches:

  • In January 2021, Mondelez International Inc has launched Cadbury Dairy Milk Silk Mousse under its premium chocolate segment to the customers who are always on the lookout for innovative and unique experiences.
  • In October 2020, Ferrero Group has launched the premium gifting brand ‘Ferrero Rocher Moments’ in India to expand the existing portfolio by bringing an enjoyable and light-hearted experience for consumers in the country to celebrate daily moments.
  • In October 2020, The Hershey Company has launched Hershey’s Exotic Dark Chocolate to strengthen the premium chocolate portfolio and to make customers experience the exotic and indulgent taste of Dark Chocolates under the Hershey’s brand name.

Relevant Links:

Chocolate Market - Forecast (2021 - 2026)

Report Code: FBR 0224

Chocolate Flavors Market -  Forecast 2021 - 2026

Report Code: FBR 40375

For more Food and Beverage Market reports, please click here

1. Premium Chocolate Market - Overview
    1.1 Definitions and Scope
2. Premium Chocolate Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product Type
    2.3 Key trends by Distribution Channel
    2.4 Key trends by Geography
3. Premium Chocolate Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Premium Chocolate Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Premium Chocolate Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Premium Chocolate Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Premium Chocolate Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Premium Chocolate Market – By Product Type(Market Size –$Million/$Billion)
    8.1 Dark Premium Chocolate
    8.2 White and Milk Premium Chocolate
9. Premium Chocolate Market – By Distribution Channel(Market Size –$Million/$Billion)
    9.1 Supermarkets/Hypermarkets
    9.2 Online Channels
    9.3 Convenience Stores
    9.4 Others
10. Premium Chocolate Market - By Geography(Market Size –$Million/$Billion)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Mexico
        10.1.3 Canada
    10.2 Europe
        10.2.1 U.K.
        10.2.2 France
        10.2.3 Germany
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Rest of Europe
    10.3 Asia Pacific
        10.3.1 China
        10.3.2 India
        10.3.3 Japan
        10.3.4 South Korea
        10.3.5 Australia & New Zealand
        10.3.6 Rest of Asia Pacific
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
        10.5.2 Africa
11. Premium Chocolate Market - Entropy
12. Premium Chocolate Market – Industry/Segment Competition Landscape Premium
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Countries – Key Companies
        12.1.4 Competition Matrix
        12.1.5 Best Practices for Companies
13. Premium Chocolate Market – Key Company List by Country Premium Premium
14. Premium Chocolate Market Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global MARKET SEGMENTATION Market 2019-2024 ($M)
1.1 By Product Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Dark Premium Chocolate Market 2019-2024 ($M)
1.1.2 White and Milk Premium Chocolate Market 2019-2024 ($M)
1.2 By Distribution Channel Market 2019-2024 ($M) - Global Industry Research
1.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
1.2.2 Convenience Stores Market 2019-2024 ($M)
1.2.3 Online Stores Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
2.1 Most Adopted Strategies Market 2019-2024 ($M) - Global Industry Research
2.2 Most Active Companies Market 2019-2024 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 By Product Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Dark Premium Chocolate Market 2019-2024 (Volume/Units)
3.1.2 White and Milk Premium Chocolate Market 2019-2024 (Volume/Units)
3.2 By Distribution Channel Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Supermarkets/Hypermarkets Market 2019-2024 (Volume/Units)
3.2.2 Convenience Stores Market 2019-2024 (Volume/Units)
3.2.3 Online Stores Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
4.1 Most Adopted Strategies Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Most Active Companies Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Dark Premium Chocolate Market 2019-2024 ($M)
5.1.2 White and Milk Premium Chocolate Market 2019-2024 ($M)
5.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
5.2.2 Convenience Stores Market 2019-2024 ($M)
5.2.3 Online Stores Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
6.1 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
6.2 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Dark Premium Chocolate Market 2019-2024 ($M)
7.1.2 White and Milk Premium Chocolate Market 2019-2024 ($M)
7.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
7.2.2 Convenience Stores Market 2019-2024 ($M)
7.2.3 Online Stores Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
8.1 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
8.2 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Dark Premium Chocolate Market 2019-2024 ($M)
9.1.2 White and Milk Premium Chocolate Market 2019-2024 ($M)
9.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
9.2.2 Convenience Stores Market 2019-2024 ($M)
9.2.3 Online Stores Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
10.1 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
10.2 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Dark Premium Chocolate Market 2019-2024 ($M)
11.1.2 White and Milk Premium Chocolate Market 2019-2024 ($M)
11.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
11.2.2 Convenience Stores Market 2019-2024 ($M)
11.2.3 Online Stores Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
12.1 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
12.2 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Dark Premium Chocolate Market 2019-2024 ($M)
13.1.2 White and Milk Premium Chocolate Market 2019-2024 ($M)
13.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
13.2.2 Convenience Stores Market 2019-2024 ($M)
13.2.3 Online Stores Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
14.1 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
14.2 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Premium Chocolate Market Revenue, 2019-2024 ($M)
2.Canada Premium Chocolate Market Revenue, 2019-2024 ($M)
3.Mexico Premium Chocolate Market Revenue, 2019-2024 ($M)
4.Brazil Premium Chocolate Market Revenue, 2019-2024 ($M)
5.Argentina Premium Chocolate Market Revenue, 2019-2024 ($M)
6.Peru Premium Chocolate Market Revenue, 2019-2024 ($M)
7.Colombia Premium Chocolate Market Revenue, 2019-2024 ($M)
8.Chile Premium Chocolate Market Revenue, 2019-2024 ($M)
9.Rest of South America Premium Chocolate Market Revenue, 2019-2024 ($M)
10.UK Premium Chocolate Market Revenue, 2019-2024 ($M)
11.Germany Premium Chocolate Market Revenue, 2019-2024 ($M)
12.France Premium Chocolate Market Revenue, 2019-2024 ($M)
13.Italy Premium Chocolate Market Revenue, 2019-2024 ($M)
14.Spain Premium Chocolate Market Revenue, 2019-2024 ($M)
15.Rest of Europe Premium Chocolate Market Revenue, 2019-2024 ($M)
16.China Premium Chocolate Market Revenue, 2019-2024 ($M)
17.India Premium Chocolate Market Revenue, 2019-2024 ($M)
18.Japan Premium Chocolate Market Revenue, 2019-2024 ($M)
19.South Korea Premium Chocolate Market Revenue, 2019-2024 ($M)
20.South Africa Premium Chocolate Market Revenue, 2019-2024 ($M)
21.North America Premium Chocolate By Application
22.South America Premium Chocolate By Application
23.Europe Premium Chocolate By Application
24.APAC Premium Chocolate By Application
25.MENA Premium Chocolate By Application