Dark Chocolate Market Expected to Reach $74.9 Billion Worldwide by 2027 | CAGR of 4.88%

According to the latest report of the IMARC group, entitled “Dark Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which includes information on dark chocolate market report. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market. The market reached a value of US$55.5 billion in 2021. The global dark chocolate market will reach US$74.9 billion by 2027, growing at a CAGR of 4.88% during 2022-2027.

Dark chocolate refers to a type of chocolate that contains a high percentage of cocoa solids. Some of the other ingredients used in its preparation include sugar, flavorings and emulsifiers. It has a richer and more intense flavor compared to milk chocolates. It is an excellent source of flavonoids and antioxidants while being a rich source of other essential nutrients including iron, zinc, copper, phosphorus, manganese, selenium, magnesium and potassium. As a result, it is widely used as a key ingredient in the preparation of a wide range of food products, such as chocolate bars, candies, baked goods and beverages.

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As the novel coronavirus (COVID-19) crisis engulfs the world, we are continuously monitoring changes in markets, as well as consumer buying behaviors around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.

Global Dark Chocolate Market Trends:

The market is mainly driven by the growing consumption of packaged foods and baked goods across the globe. This can be attributed to the hectic lifestyles of the majority of consumers, changing food preferences and inflation in per capita income levels, which in turn have led to a growing demand for ready-to-eat foods. employment. Apart from this, the growing awareness among individuals regarding the health benefits and stress relieving ability of dark chocolate has also facilitated its adoption globally. Chocolate consumption plays a crucial role in several neurodegenerative disorders, such as Alzheimer’s disease, because it helps stimulate blood flow to the brain. They are also considered useful for improving memory, improving ability to concentrate, and controlling anxiety levels. Additionally, the significant expansion of the online retail and e-commerce sector globally is creating a positive outlook for the market. The increase in dark chocolate sales through online portals has helped manufacturers expand their customer base, thereby improving their profit margins. This, coupled with the introduction of flavored product variants, such as orange, cranberry, and coffee, is giving impetus to the growth of the market.

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Competitive landscape with key players:

The report has also analyzed the competitive landscape of the market with some of the key players.

Segmentation of the dark chocolate market:

Our report has categorized the market based on region and distribution channel.

Market breakdown by distribution channel:

  • Supermarkets and Hypermarkets
  • convenience stores
  • Non-food retailers
  • Others

Market Breakdown by Region:

  • North America (USA, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Main highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market drivers and success factors
  • SWOT analysis
  • Value chain
  • Complete mapping of the competitive landscape

We update our reports, if you want the latest primary and secondary data (2022-2027) with cost module, business strategy, competitive landscape, etc. Click request a free sample report, the report will be delivered to you in PDF format via email within 24-48 hours after payment confirmation.

Other reports from the IMARC group:

Chocolate market: https://www.imarcgroup.com/prefeasibility-report-chocolate-manufacturing-plant

Caramel chocolate market: https://www.imarcgroup.com/caramel-chocolate-market

Milk chocolate market: https://www.imarcgroup.com/milk-chocolate-market

Dark chocolate market in North America: https://www.imarcgroup.com/north-america-dark-chocolate-market

Chewing gum market: https://www.imarcgroup.com/chewing-gum-market

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