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Dark Chocolate Market Global Forecast 2021-2027, Industry Trends, Share, Insight, Growth, Impact of COVID-19, Opportunity Company Analysis

September 2021 | 130 pages | ID: D9F039391D93EN
Renub Research

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Dark chocolate, sometimes known as "bittersweet" or "semisweet," is produced with cocoa butter rather than fats like palm or coconut oils. Dark chocolate has a rich, robust flavour and is high in flavonoids, which contribute to the pigment's colour. Darker chocolate has more flavonoids, which means it has potentially more health advantages. Almost 60% Cocoa the solid present in dark chocolate is with little or no sugar. Dark chocolate is available in chocolate bars, candies and baking chocolate, etc. According to Renub Research, the Global Dark Chocolate Market is projected to reach US$ 71.98 Billion by 2027.

Global Dark Chocolate Market is of various types: Organic Dark Chocolate, Inorganic Dark Chocolate, and Other. The organic and clean label movement has swept the food and beverage industry as a whole. The organic and pure label trend impacts dark chocolate manufacturers, increasing demand for premium and organic ingredients. Manufacturers are also adding natural sweeteners like stevia and coconut sugar to appeal to a consumer base concerned about their food choices.

COVID-19 Impact on Dark Chocolate Industry

COVID-19 had a positive impact on the chocolate market when it first appeared in 2020. During the lockdown, chocolate consumption at home increased dramatically. Chocolates, like other consumables, were purchased in bulk, resulting in higher volume sales through supermarkets and hypermarkets. However, after relaxing limitations in both importing and exporting countries, the market became more stable.

Dark Chocolate and its Health Benefits

Globally, Dark Chocolate is used for various purposes like Confectionery, Functional Food & beverages, Pharmaceuticals and Cosmetics. Its market is vast in the food and beverages sector because of its use in salt and sweet dishes to make lip-smacking smoothies. However, its various health benefits escalate its market globally. Dark chocolate consumption protects the brain from age-related stress and inflammation, which play a role in neurodegenerative diseases like Alzheimer's. It also aids in enhancing blood circulation to the brain, which improves the capacity to focus, improves memory, and reduces anxiety levels. The worldwide dark chocolate market is predicted to develop moderately over the next five years due to the above-mentioned factors. The Global Dark Chocolate Industry will likely grow at a CAGR of 6.03% from 2020-2027.

Regional Analysis: North America holds the Largest Market Share

North America holds the largest Dark Chocolate market share worldwide because of well-known brands and increasing chocolate consumption. Festivals like Christmas, Good Friday, and others are expected to raise the demand for chocolates and improve sales. According to our research over the forecast period, the Asia-Pacific region is expected to increase faster. The growing influence of western culture and eating habits, together with the country's rapid population expansion, are the major drivers expected to fuel market growth in this region. Our research suggests that The Worldwide Dark Chocolate Market Size was US$ 47.77 Billion in 2020.

However, fluctuating raw material costs, particularly cocoa, supply instability, and political instability in cocoa-producing countries, are projected to pose a challenge to market expansion. Factors like changing customer flavour preferences regularly are also a growing barrier.

Renub Research latest report “Global Dark Chocolate Market by Product Type (Organic Dark Chocolate , Inorganic Dark Chocolate , Other), Application (Confectionery, Functional Food & Beverage, Pharmaceuticals, Cosmetics), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Non-Grocery Retailers, Others), Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa), Company Analysis (Hershey's, Mondelez International, Inc., Amul, Meiji Holdings Co. ltd, Saputo Inc)” provides complete details on Global Dark Chocolate Industry.

Type –Market breakup from 3 viewpoints

1. Organic Dark Chocolate
2. Inorganic Dark Chocolate
3. Other

Application – Market breakup from 4 viewpoints

1. Confectionery
2. Functional Food & Beverage
3. Pharmaceuticals
4. Cosmetics

Distribution Channel – Market breakup from 4 viewpoints

1. Supermarkets and Hypermarkets
2. Convenience Stores
3. Non-Grocery Retailers
4. Others

Region – Market breakup from 5 viewpoints

1. North America
2. Europe
3. Asia-Pacific
4. South America
5. Middle East and Africa

All Key players have been covered from 3 viewpoints

  Overview
  Recent Development
  Revenue

Company Analysis

1. Hershey's
2. Mondelez International, Inc.
3. Amul
4. Meiji Holdings Co. ltd
5. Saputo
1. INTRODUCTION

2. RESEARCH & METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1 Growth Drivers
4.2 Challenges

5. GLOBAL DARK CHOCOLATE MARKET

6. MARKET SHARE ANALYSIS

6.1 By Type
6.2 By Application
6.3 By Distribution Channel
6.4 By Region

7. TYPE – GLOBAL DARK CHOCOLATE MARKET

7.1 Organic Dark Chocolate
7.2 Inorganic Dark Chocolate
7.3 Other

8. APPLICATION – GLOBAL DARK CHOCOLATE MARKET

8.1 Confectionery
8.2 Functional Food & Beverage
8.3 Pharmaceuticals
8.4 Cosmetics

9. DISTRIBUTION CHANNEL – GLOBAL DARK CHOCOLATE MARKET

9.1 Supermarkets and Hypermarkets
9.2 Convenience Stores
9.3 Non-Grocery Retailers
9.4 Others

10. REGION – GLOBAL DARK CHOCOLATE MARKET

10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 South America
10.5 Middle East and Africa

11. KEY PLAYERS ANALYSIS

11.1 Hershey's
  11.1.1 Overview
  11.1.2 Recent Development
  11.1.3 Revenue
11.2 Mondelez International, Inc.
  11.2.1 Overview
  11.2.2 Recent Development
  11.2.3 Revenue
11.3 Amul
  11.3.1 Overview
  11.3.2 Recent Development
  11.3.3 Revenue
11.4 Meiji Holdings Co. ltd
  11.4.1 Overview
  11.4.2 Recent Development
  11.4.3 Revenue
11.5 Saputo Inc
  11.5.1 Overview
  11.5.2 Recent Development
  11.5.3 Revenue

LIST OF FIGURES:

Figure-01: Global Dark Chocolate Market (Billion US$), 2017 – 2020
Figure-02: Forecast for – Global Dark Chocolate Market (Billion US$), 2021 – 2027
Figure-03: Type – 70% Cocoa Dark Chocolate Market (Billion US$), 2017 – 2020
Figure-04: Type – Forecast for 70% Cocoa Dark Chocolate Market (Billion US$), 2021 – 2027
Figure-05: Type – 75% Cocoa Dark Chocolate Market (Billion US$), 2017 – 2020
Figure-06: Type – Forecast for 75% Cocoa Dark Chocolate Market (Billion US$), 2021 – 2027
Figure-07: Type – 80% Cocoa Dark Chocolate Market (Billion US$), 2017 – 2020
Figure-08: Type – Forecast for 80% Cocoa Dark Chocolate Market (Billion US$), 2021 – 2027
Figure-09: Type – 90% Cocoa Dark Chocolate Market (Billion US$), 2017 – 2020
Figure-10: Type – Forecast for 90% Cocoa Dark Chocolate Market (Billion US$), 2021 – 2027
Figure-11: Applications – Confectionery Market (Billion US$), 2017 – 2020
Figure-12: Applications – Forecast for Confectionery Market (Billion US$), 2021 – 2027
Figure-13: Applications – Functional Food & Beverage Market (Billion US$), 2017 – 2020
Figure-14: Applications – Forecast for Functional Food & Beverage Market (Billion US$), 2021 – 2027
Figure-15: Applications – Pharmaceuticals Market (Billion US$), 2017 – 2020
Figure-16: Applications – Forecast for Pharmaceuticals Market (Billion US$), 2021 – 2027
Figure-17: Applications – Cosmetics Market (Billion US$), 2017 – 2020
Figure-18: Applications – Forecast for Cosmetics Market (Billion US$), 2021 – 2027
Figure-19: Distribution Channel – Supermarkets and Hypermarkets Market (Billion US$), 2017 – 2020
Figure-20: Distribution Channel – Forecast for Supermarkets and Hypermarkets Market (Billion US$), 2021 – 2027
Figure-21: Distribution Channel – Convenience Stores Market (Billion US$), 2017 – 2020
Figure-22: Distribution Channel – Forecast for Convenience Stores Market (Billion US$), 2021 – 2027
Figure-23: Distribution Channel – Non-Grocery Retailers Market (Billion US$), 2017 – 2020
Figure-24: Distribution Channel – Forecast for Non-Grocery Retailers Market (Billion US$), 2021 – 2027
Figure-25: Distribution Channel – Others Market (Billion US$), 2017 – 2020
Figure-26: Distribution Channel – Forecast for Others Market (Billion US$), 2021 – 2027
Figure-27: North America – Dark Chocolate Market (Billion US$), 2017 – 2020
Figure-28: North America – Forecast for Dark Chocolate Market (Billion US$), 2021 – 2027
Figure-29: Europe – Dark Chocolate Market (Billion US$), 2017 – 2020
Figure-30: Europe – Forecast for Dark Chocolate Market (Billion US$), 2021 – 2027
Figure-31: Asia Pacific – Dark Chocolate Market (Billion US$), 2017 – 2020
Figure-32: Asia Pacific – Forecast for Dark Chocolate Market (Billion US$), 2021 – 2027
Figure-33: South America – Dark Chocolate Market (Billion US$), 2017 – 2020
Figure-34: South America – Forecast for Dark Chocolate Market (Billion US$), 2021 – 2027
Figure-35: Middle East and Africa – Dark Chocolate Market (Billion US$), 2017 – 2020
Figure-36: Middle East and Africa – Forecast for Dark Chocolate Market (Billion US$), 2021 – 2027
Figure-37: Nestl? S.A. – Global Revenue (Million US$), 2016 – 2020
Figure-38: Nestl? S.A. – Forecast for Global Revenue (Million US$), 2021 – 2027
Figure-39: Hershey's – Global Revenue (Million US$), 2016 – 2020
Figure-40: Hershey's – Forecast for Global Revenue (Million US$), 2021 – 2027
Figure-41: Mondelez International, Inc. – Global Revenue (Million US$), 2016 – 2020
Figure-42: Mondelez International, Inc. – Forecast for Global Revenue (Million US$), 2021 – 2027
Figure-43: Amul – Global Revenue (Million US$), 2016 – 2020
Figure-44: Amul – Forecast for Global Revenue (Million US$), 2021 – 2027
Figure-45: Meiji Holdings Co. ltd – Global Revenue (Million US$), 2016 – 2020
Figure-46: Meiji Holdings Co. ltd – Forecast for Global Revenue (Million US$), 2021 – 2027
Figure-47: Saputo Inc – Global Revenue (Million US$), 2016 – 2020
Figure-48: Saputo Inc – Forecast for Global Revenue (Million US$), 2021 – 2027

LIST OF TABLES:

Table-01: Global – Dark Chocolate Market Share by Type (Percent), 2017 – 2020
Table-02: Global – Forecast for Dark Chocolate Market Share by Type (Percent), 2021 – 2027
Table-03: Global – Dark Chocolate Market Share by Application (Percent), 2017 – 2020
Table-04: Global – Forecast for Dark Chocolate Market Share by Application (Percent), 2021 – 2027
Table-05: Global – Dark Chocolate Market Share by Distribution Channel (Percent), 2017 – 2020
Table-06: Global – Forecast for Dark Chocolate Market Share by Distribution Channel (Percent), 2021 – 2027
Table-07: Global – Dark Chocolate Market Share by Region (Percent), 2017 – 2020
Table-08: Global – Forecast for Dark Chocolate Market Share by Region (Percent), 2021 – 2027


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