Dark Chocolate Market Likely To Reach USD 58.84 Million By 2028

As per the TechSci Research report titled "Global Dark Chocolate Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028," the Global Dark Chocolate Market was valued at USD 58.84 Million in 2022 and is expected to register a CAGR of 8.1% during the forecast period from 2024 to 2028. The global dark chocolate market has undergone significant growth and transformation recently. Recognized for its high cocoa content and unique health benefits, dark chocolate has gained widespread popularity among consumers seeking a balance between indulgence and nutrition. The rising demand is attributed to increased awareness of the positive impact of dark chocolate on heart health and its antioxidant properties. Furthermore, consumers are increasingly choosing dark chocolate due to its lower sugar content compared to other chocolate varieties.

A key growth driver for this market is the escalating preference for premium and artisanal dark chocolates. Consumers are willing to pay a premium for high-quality, ethically sourced dark chocolate products, leading to a niche market for specialty dark chocolates. Additionally, the global trend toward clean-label and organic products has influenced the dark chocolate market, with more brands emphasizing sustainable and fair-trade practices in cocoa sourcing.

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The dark chocolate market is not only expanding in traditional regions like North America and Europe but also experiencing notable growth in emerging markets like Asia-Pacific. Evolving consumer preferences and the adaptability of dark chocolate as an ingredient in various food products, including confectionery, baked goods, and beverages, are key drivers of market expansion. With health-conscious consumers seeking premium and ethically produced dark chocolate, the global market is set for ongoing growth and innovation.

Furthermore, dark chocolate is finding its way into a broader array of products, such as energy bars, protein snacks, and even beauty and wellness items, leveraging its perceived health benefits. The rise of dark chocolate-infused culinary experiences, from cooking classes to tasting events, illustrates its versatility in the food and beverage industry.

Nevertheless, the market's dynamic nature is underscored by the growth of boutique and craft dark chocolate producers. These smaller companies, often prioritizing quality, ethical sourcing, and unique flavor profiles, have gained significant market share. Brands like Lindt, Godiva, and Ghirardelli have seized the opportunities presented by the premium dark chocolate trend.

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The Global Dark Chocolate Market is categorized by product type, type, sales channel, regional distribution, and company.

In product type, the market is segmented into organic and conventional. The global dark chocolate market experiences a growing demand for organic dark chocolate, reflecting increased consumer awareness of health and environmental concerns. Organic dark chocolate, crafted from cacao beans grown without synthetic pesticides or genetically modified organisms, has gained popularity. This demand is driven by the preference for healthier indulgence and a commitment to sustainable, ethical sourcing. Consequently, manufacturers are expanding their organic dark chocolate lines, emphasizing eco-friendly and ethical aspects, contributing to this upward trend.

In type, the market is segmented into 70%, 75%, 80%, and 90% cocoa dark chocolate.

In sales channel, the market is segmented into supermarkets/hypermarkets, departmental stores, online, and others.

In region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

 

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·         Dark Chocolate Market is expected to grow at a CAGR of 8.1% during the forecast period.

·         Dark Chocolate Market has a valuation of US$ 58.54 Billion as of 2022.

·         Europe currently holds the title of the largest market for Dark Chocolate.

·         Europe is anticipated to emerge as one of the most noteworthy markets.

·         Asia Pacific is projected to witness the fastest growth in the Dark Chocolate Market throughout the forecast period.

·         In terms of type, the cages segment claims the top spot in Dark Chocolate Market share.

·         When considering the sales channel, the online retailers segment takes the lead in market share.

·         Focusing on the price range, the premium segment secures the highest market share in the Dark Chocolate Market.

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Recent Developments

• In August 2023, Hershey's introduced Hershey's Special Dark with Sea Salt, a new dark chocolate variant featuring a touch of sea salt. Crafted with 70% cocoa, it offers a rich and bittersweet flavor.
• Lindt unveiled Lindt Excellence 85% Cocoa in July 2023, a new dark chocolate variant with an exceptionally high cocoa content. With 85% cocoa, it boasts a bold and intense flavor, complemented by hints of fruit and spice.

Major companies operating in Global Baby Skin Care Market are:

Cemoi Chocolatier, Republica del Cacao, Nestlé S.A., Mars Incorporated, Fuji Oil Holdings Inc., Guittard Chocolate Co., Ghirardelli Chocolate Co., Varihona Inc., Barry Callebaut AG, Kerry Group Plc

Market Segmentation for Baby Skin Care Market

·         Dark Chocolate Market, By Type:

o   70% Cocoa Dark Chocolate

o   75% Cocoa Dark Chocolate

o   80% Cocoa Dark Chocolate

o   90% Cocoa Dark Chocolate

·         Dark Chocolate Market, By Sales Channel:

o   Supermarkets/Hypermarkets

o   Departmental Stores

o   Online

o   Others

·         Dark Chocolate Market, By Region:

o   Europe

§  France

§  Germany

§  Spain

§  Italy

§  United Kingdom

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  Japan

§  India

§  Vietnam

§  South Korea

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Kuwait

§  Egypt

o   South America

§  Brazil

§  Argentina

§  Colombia

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Table of Content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Factors Influencing Purchase Decision

4.2.  Sources of Information

5.    Global Dark Chocolate Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Product Type Market Share Analysis (Organic, Conventional)

5.2.2.    By Type Market Share Analysis (70% Cocoa Dark Chocolate, 75% Cocoa Dark Chocolate, 80% Cocoa Dark Chocolate, 90% Cocoa Dark Chocolate)

5.2.3.    By Sales Channel Market Share Analysis (Supermarkets/Hypermarkets, Departmental Stores, Online, Others)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        Europe Market Share Analysis

5.2.4.2.        North America Market Share Analysis

5.2.4.3.        Asia-Pacific Market Share Analysis

5.2.4.4.        Middle East & Africa Market Share Analysis

5.2.4.5.        South America Market Share Analysis

5.2.5.    By Top 5 Companies Market Share Analysis, Others (2022)

5.3.  Global Dark Chocolate Market Mapping & Opportunity Assessment

5.3.1.    By Product Type Market Mapping & Opportunity Assessment

5.3.2.    By Type Market Mapping & Opportunity Assessment

5.3.3.    By Sales Channel Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    Europe Dark Chocolate Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product Type Market Share Analysis

6.2.2.    By Type Market Share Analysis

6.2.3.    By Sales Channel Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        France Dark Chocolate Market Outlook

6.2.4.1.1.           Market Size & Forecast

6.2.4.1.1.1.               By Value

6.2.4.1.2.           Market Share & Forecast

6.2.4.1.2.1.               By Product Type Market Share Analysis

6.2.4.1.2.2.               By Type Market Share Analysis

6.2.4.1.2.3.               By Sales Channel Market Share Analysis

6.2.4.2.        Germany Dark Chocolate Market Outlook

6.2.4.2.1.           Market Size & Forecast

6.2.4.2.1.1.               By Value

6.2.4.2.2.           Market Share & Forecast

6.2.4.2.2.1.               By Product Type Market Share Analysis

6.2.4.2.2.2.               By Type Market Share Analysis

6.2.4.2.2.3.               By Sales Channel Market Share Analysis

6.2.4.3.        Spain Dark Chocolate Market Outlook

6.2.4.3.1.           Market Size & Forecast

6.2.4.3.1.1.               By Value

6.2.4.3.2.           Market Share & Forecast

6.2.4.3.2.1.               By Product Type Market Share Analysis

6.2.4.3.2.2.               By Type Market Share Analysis

6.2.4.3.2.3.               By Sales Channel Market Share Analysis

6.2.4.4.        Italy Dark Chocolate Market Outlook

6.2.4.4.1.           Market Size & Forecast

6.2.4.4.1.1.               By Value

6.2.4.4.2.           Market Share & Forecast

6.2.4.4.2.1.               By Product Type Market Share Analysis

6.2.4.4.2.2.               By Type Market Share Analysis

6.2.4.4.2.3.               By Sales Channel Market Share Analysis

6.2.4.5.        United Kingdom Dark Chocolate Market Outlook

6.2.4.5.1.           Market Size & Forecast

6.2.4.5.1.1.               By Value

6.2.4.5.2.           Market Share & Forecast

6.2.4.5.2.1.               By Product Type Market Share Analysis

6.2.4.5.2.2.               By Type Market Share Analysis

6.2.4.5.2.3.               By Sales Channel Market Share Analysis

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