Press release

Global Chocolate Market 2019-2023 | Increasing Premiumization of Chocolates to Boost Growth | Technavio

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Technavio has been monitoring the global chocolate market and it is poised to grow by USD 37.03 billion during 2019-2023, progressing at a CAGR of 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio announced its latest market research report titled global chocolate market 2019-2023. (Graphic: Business Wire)

Technavio announced its latest market research report titled global chocolate market 2019-2023. (Graphic: Business Wire)

Increasing premiumization of chocolates has been instrumental in driving the growth of the market. However, volatility in raw material prices might hamper market growth. Request a free sample report

Chocolate Market 2019-2023: Segmentation

Chocolate Market is segmented as below:


  • Milk Chocolate
  • Dark Chocolate
  • White Chocolate

Geographic segmentation

  • Americas
  • APAC
  • EMEA

To learn more about the global trends impacting the future of market research, download a free sample:

Chocolate Market 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our chocolate market report covers the following areas:

  • Chocolate market size
  • Chocolate market trends
  • Chocolate market industry analysis

This study identifies increase in packaging innovations as one of the prime reasons driving the chocolate market growth during the next few years.

Chocolate Market 2019-2023: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the chocolate market, including some of the vendors such as Chocoladefabriken Lindt & Sprüngli, Ferrero, Mars, Mondelēz International, Nestlé and The Hershey Company. Backed with competitive intelligence and benchmarking, our research reports on the chocolate market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Chocolate Market 2019-2023: Key Highlights

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will assist chocolate market growth during the next five years
  • Estimation of the chocolate market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the chocolate market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of chocolate market vendors

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.