, /PRNewswire/ -- Report on how AI is redefining market landscape - The global industrial chocolate market size is estimated to grow by USD 2.76 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 5% during the forecast period. Growing consumer awareness about health benefits of dark chocolate is driving market growth, with a trend towards growing vendor emphasis on sustainable cocoa production. However, fluctuations in prices of cocoa and sugar poses a challenge. Key market players include Barry Callebaut AG, Bonn Nutrients Pvt. Ltd., Cargill Inc., Cemoi, Chocoladefabriken Lindt and Sprungli AG, Dunkin Brands Group Inc., Ferrero International S.A., Fuji Oil Holdings Inc., General Mills Inc., Guittard Chocolate Co., Mars Inc., Mondelez International Inc., NATRA SA, Nestle SA, Parle Products Pvt. Ltd., Puratos, The Hershey Co., UNIBIC Foods India Pvt. Ltd., and Unilever PLC.

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Key Market Trends Fueling Growth

The industrial chocolate market is experiencing notable trends, with organic chocolate gaining popularity due to consumer consciousness. Serotonin and endorphins in chocolate help combat stress hormones, making it a preferred choice during these anxious times. Dark chocolate, a favorite among health-conscious consumers, dominates sales. Premium and high-quality chocolate, including single-origin and bean-to-bar varieties, are in demand. Sustainable and artisanal chocolate production is on the rise. Sugar-free and milk-free alternatives, such as cocoa powder and liquid chocolate, cater to diverse consumer needs. Companies like Barry Callebaut and Puratos Group lead the distribution chain. Chocolate confectionery, food service, and chocolate products continue to drive demand. Despite the COVID-19 pandemic, sales remain strong due to health benefits associated with chocolate. However, processed foods and sugar content remain concerns. Milk, white, and specialty chocolates, along with truffles and milk powder, complete the market landscape. 

The industrial chocolate market is witnessing a focus on sustainable cocoa production practices due to the growing challenges in sourcing cocoa beans. Barry, a key player in this market, prioritizes sustainable cocoa as one of its corporate strategy pillars. The company's efforts include farmer prosperity, zero child labor, sustainable chocolate production, and environmental protection. A substantial portion of Barry's cocoa beans comes from sustainable sources. The company invests in and collaborates with farmers to implement sustainability programs. Similarly, Cargill is also committed to minimizing its carbon footprint and sustainable production in the industrial chocolate sector. 

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Market Challenges

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Segment Overview

This industrial chocolate market report extensively covers market segmentation by

1.1 Milk chocolate- Milk chocolate, a popular type of chocolate made with milk and cocoa solids, accounts for a significant share in the industrial chocolate market. With a smoother and creamier taste due to the addition of milk solids and sugar, it is widely consumed. However, health concerns have led to a decrease in demand, as a pound of milk chocolate contains approximately 2,300 calories, 140 grams of fat, and 100 mg of cholesterol. To maintain market share, vendors are introducing innovative product variants and flavors. This trend is expected to drive the growth of the milk chocolate segment in the global industrial chocolate market.

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Research Analysis

The industrial chocolate market is a dynamic and growing sector in the packaged foods industry. Chocolate's unique flavor and health benefits continue to drive consumer demand. Chocolate's flavonoids are known to improve mood and act as antioxidants, making it a popular choice for mental health and stress relief. Sustainable and ethical sourcing practices are increasingly important to consumers, as is the availability of gluten-free, vegan, and reduced sugar options. Innovation in chocolate production includes the use of premium ingredients, new flavors, and packaging designs to enhance brand positioning and awareness. The supply chain is a critical component of the chocolate industry, ensuring timely and cost-effective distribution to meet consumer demand. Chocolate's health benefits, including its potential impact on mental health, have led to an increase in e-commerce sales. Consumer behavior and brand loyalty are influenced by various factors, including nutrition, advertising campaigns, and the manufacturing process. Chocolate's health risks, such as caffeine content and potential allergens, are also important considerations for consumers. Organic and fair trade chocolate options are becoming increasingly popular due to their sustainability and ethical production practices. Chocolate varieties continue to expand, with new flavors and ingredients offering unique experiences for consumers. Overall, the industrial chocolate market is a complex and evolving industry, driven by consumer demand for high-quality, sustainable, and healthy chocolate products.

Market Research Overview

The industrial chocolate market is experiencing in demand due to the growing awareness of the health benefits of chocolate. Organic chocolate, made from ethically sourced cocoa beans, is gaining popularity among consumers seeking healthier options. Chocolate is known to produce serotonin and endorphins, which help combat stress hormones and improve mood. Chocolate sales have seen a significant increase during the Covid-19 pandemic as people turn to comfort foods during lockdowns. Dark chocolate, with its high cocoa content, is a favorite among health-conscious consumers. The distribution chain for chocolate products includes food service, chocolatiers, and confectionery manufacturers. Premium and high-quality chocolate, including single-origin and bean-to-bar varieties, are driving growth in the market. Consumer consciousness towards sustainable and ethical production practices is also influencing chocolate sales. Chocolate comes in various forms, such as milk, white, and specialty chocolate, and can be used as ingredients in processed foods or as standalone products. Companies like Barry Callebaut and Puratos Group dominate the market with their wide range of chocolate offerings, from cocoa powder to liquid chocolate. Chocolate is not just a sweet treat but also has potential health benefits for mental illnesses like anxiety and depression. The market for chocolate products is expected to continue growing as consumers seek comfort and indulgence in these uncertain times.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Europe
• North America
• APAC
• South America
• Middle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio