According to IMARC Group’s latest report, titled “Premium Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" provides an extensive analysis of the industry, including premium chocolate market share, size, trends, and growth opportunities. The report also covers competitor and regional analysis and the latest advancements in the global market.

The global premium chocolate market size reached US$ 30.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 50.3 Billion by 2028, exhibiting a growth rate (CAGR) of 8.5% during 2023-2028. 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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Premium Chocolate Market Trends:

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.

Premium Chocolate Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the premium chocolate market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• 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.

Key Market Segmentation:

The report has segmented the premium chocolate market on the basis of product type, packaging type and distribution channel.

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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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