Premium Chocolate Market Top Brands, Size, Share, Demand and Latest Trends 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Premium Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global premium chocolate market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the premium chocolate market?

Report Attributes	Details
Market Size in 2022	US$ 30.6 Billion
Market Forecast in 2028	US$ 50.3 Billion
Growth rate (2023 to 2028)	CAGR of 8.5%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is Premium Chocolate?

Premium chocolates are prepared from various high-quality fine ingredients with superior craftsmanship. They usually comprise a larger quantity of cocoa, which is further infused with exotic flavoring and other components, including almonds, raspberries, pomegranates, blueberry chunks, or alcohol, to provide it a velvety-rich flavor. Premium chocolates are rich in fibers, antioxidants, iron, and magnesium that improve cognitive functions and blood flow, release stress, and are less detrimental to teeth than other chocolates. Consequently, they are extensively used in pastries, confectionery items, baked products, or consumed directly.

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What are the growth prospects and trends in the premium chocolate industry?

The rapid expansion in the food and beverage (F&B) sector and the increasing consumption of packaged food amongst the younger generation and millennials are primarily driving the market growth. This is further influenced by the growing need for vegan, sugar-free premium chocolates made from various organic ingredients, owing to changing dietary patterns and evolving consumer preferences. Moreover, the rising health consciousness and awareness amongst consumers regarding the detrimental effects of synthetic materials have prompted manufacturers to use non-genetically modified organisms (GMO) ingredients in the formulation of premium chocolates, which is propelling the market growth. Additionally, the introduction of innovative product variants with exotic flavors, such as honey, espresso, peanut butter, mint, and honey, in effective packaging solutions is impelling the market growth. Apart from this, easy product availability across several distribution channels and the seasonal demand for premium chocolates as gifts on multiple occasions are supporting the market growth.

Who are the key players operating in the industry?

The report covers the major market players including: 

• Cargill Incorporated
• Cémoi
• Chocoladefabriken Lindt & Sprüngli AG
• Ferrero International S.A.
• Lake Champlain Chocolates
• Mars Incorporated
• Mondelez International Inc.
• Nestlé S.A.
• Neuhaus
• Pierre Marcolini Group
• The Hershey Company 
• Yildiz Holding.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

• Dark Chocolate
• Milk Chocolate
• White Chocolate
• Others

Breakup by Packaging Type:

• Standard Packaging
• Gift Packaging

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Stores
• Others

Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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