Global Chocolate Market- Overview
It is estimated for the global chocolate market to witness growth at a CAGR of 4.1% during the forecast period of 2022 to 2030. The market witnessed growth at a CAGR of 3.3% during the previous forecast period of 2018 to 2021. Chocolate was a trendy drink for rich Europeans throughout the 18th century. The Industrial Revolution allowed chocolate to be mass-produced and brought the treat to the masses. The popularity led to the development of cacao tree plantations. Enslaved people farmed most of the plantations.

Global Chocolate Market- Growth Factors
The increasing number of chocolate lovers around the globe coupled with the increasing use of chocolate in various arenas including that cold drinks, various food items, ice creams and so on are the factors that are estimated to boost the growth of the market during the forecast period. These factors played a major role in the growth of the market even during the previous forecast period of 2018 to 2021. The health benefits associated with eating chocolates are also a factor that is estimated to boost the growth of the market during the forecast period. The population is being aware of the hazards associated with eating the chocolates such as the increase in sugar levels. And the increasing diabetic population around the globe is estimated to hinder the growth of the market during the forecast period.

Global Chocolate Market – Market Trends
• The increasing number of chocolate lovers around the globe coupled with the increasing use of chocolate in various arenas including that cold drinks, various food items, ice creams and so on are the factors that are estimated to boost the growth of the market during the forecast period.
• The health benefits associated with eating chocolates are also a factor that is estimated to boost the growth of the market during the forecast period.
• The population is being aware of the hazards associated with eating the chocolates such as the increase in sugar levels. And the increasing diabetic population around the globe is estimated to hinder the growth of the market during the forecast period.

Global Chocolate Market – Segmentation
The global chocolate market has been segmented into product type and distribution channel.

Based on product type, the market is segmented into,
• Traditional
• Artificial

Based on distribution channel, the market is been segmented into,
• Supermarket and Hyper Market
• Conventional Store
• Online Channels

Based on end use, the market has been segmented into,
• Men
• Women

Global Chocolate Market – Regional Analysis
It is estimated for the region of Asia Pacific to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The US region is also estimated to witness a notable growth rate in the market.

Global Chocolate Market – Key Market players
Barry Callebaut, Chocoladefabriken Lindt & Sprüngli AG, Mondelēz International, Inc., Nestlé, The Hershey Company, Ferrero Group, Mars, Incorporated, The Australian Carob Co., Meiji Holdings Co., Ltd., and Arcor are the major players that are driving the growth of the market during the forecast period.