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The Worldwide Dark Chocolate Industry is Expected to Reach $71+ Billion by 2027 - ResearchAndMarkets.com

·4-min read

DUBLIN, October 18, 2021--(BUSINESS WIRE)--The "Dark Chocolate Market Global Forecast 2021-2027, Industry Trends, Share, Insight, Growth, Impact of COVID-19, Opportunity Company Analysis" report has been added to ResearchAndMarkets.com's offering.

According to this report the global dark chocolate market is projected to reach UD$ 71.98 billion by 2027.

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.

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

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.

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 the 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. the research suggests that The Worldwide Dark Chocolate Market Size was US$ 47.77 Billion in 2020.

Company Analysis

1. Hershey's

2. Mondelez International, Inc.

3. Amul

4. Meiji Holdings Co. ltd

5. Saputo

Key Topics Covered:

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

For more information about this report visit https://www.researchandmarkets.com/r/wim1y2

View source version on businesswire.com: https://www.businesswire.com/news/home/20211018005541/en/

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