Dark Chocolate Market to Reach US$ 69.97 Billion by 2024, Driven by Health Benefits and Innovation

Organically Produced Dark Chocolate Becoming the In-Thing in Several Parts of the World: Fact.MR Report

As per a newly published study by Fact.MR, a market research and competitive intelligence provider, the global dark chocolate market is expected to reach a value of US$ 69.97 billion in 2024. Worldwide sales of dark chocolate are forecasted to rise at a CAGR of 7.2% from 2024 to 2034.

Growing awareness about the health attributes related to dark chocolates is driving more consumers toward them. Companies are highlighting the nutritional aspects of dark chocolate, such as minerals, antioxidants, and others on their packaging to leverage this trend. Increasing brand awareness is also accelerating demand for super-premium and premium dark chocolate products with exotic sourcing, innovative formats, and novel flavors.

Technological advancements taking place in chocolate manufacturing, such as ingredient treatments, advanced processing equipment, packaging solutions, and organic sourcing, are helping manufacturers launch differentiated products with improved shelf life. Innovations in textures, flavor blends, and product formats and forms, such as on-the-go and ready-to-drink products, are also complementing global market growth.

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Key Takeaway from Market Study:

• The market for dark chocolate is evaluated to reach a value of US$ 140.25 billion by the end of 2034
• North America is forecasted to hold a 24.3% share of the global market by 2034-end.
• Worldwide sales of dark chocolate for use in different foods & beverages are projected to rise at a CAGR of 7.1% and reach US$ 106.59 billion by 2034.
• Organic dark chocolate is approximated to account for a share of 55.4% of the global market by the end of 2034.
• The market in South Korea is forecasted to expand at 8% CAGR from 2024 to 2034.
• Sales of dark chocolate in Japan are analyzed to rise at a CAGR of 7.7% through 2034.

“Rising focus of market players on producing clean label and organic dark chocolate products is attributed to the growing preference for natural and premium ingredients in several parts of the world,”says a Fact.MR analyst.

Leading Players Driving Innovation in the Dark Chocolate Market:

Mondelez International; The Hershey Company; GCPPL Ltd.; Agostoni Chocolate; Barry Callebaut; Nestlé SA; Unilever and Mars Incorporated; Ghirardelli Chocolate Co.; Chocolatiers (UK) Ltd.; Godiva; Lindt & Sprungli AG; Patchi; Blommer Chocolate Company.

Increasing Demand for Organic Dark Chocolate for its Low- or No-sugar Content

Global sales of organic dark chocolate are approximated to climb at a CAGR of 7.5% and reach US$ 77.7 billion by 2034. Growing preference for low- or no-sugar chocolate products, along with increasing demand for single-origin chocolate, is a key factors generating lucrative opportunities for market players. In addition, growing preference for sustainable, ethical, and healthier practices in chocolate manufacturing is pushing market growth further.

Dark Chocolate Market News:

Nestlé SA is one of the prominent producers of dark chocolate. The organization is continuously working to diversify its portfolio with the launch of new dips and chocolates.

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More Valuable Insightson Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the dark chocolate market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights into the market based on type (organic, conventional), application (food & beverages, pharmaceuticals, cosmetics), and sales channel (modern trade, specialty stores, departmental stores, pharmaceutical & confectionary stores, online stores), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).

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