Gourmet Chocolate Market Report 2025 (Global Edition)

Global Gourmet Chocolate Market Report 2025 Market Size Split by Product (Dark Chocolate, White and Milk Chocolate, Sugar-Free, Nutty, Crunchy), by Packaging (Standard Packaging, Gift Packaging), by D...

Gourmet Chocolate Market Report Description

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Gourmet Chocolate Market Insights Video

Competitive Landscape of the Gourmet Chocolate Market

With the obvious shift in consumer behavior caused by demographics, it is reasonable to assume that the market for gourmet chocolate is ready for fierce competition. Market participants seek to create new revenue streams through everything from offering specialized product segments to making investment choices. Leading techniques for expansion encompass launching new goods, working with current industry participants, purchasing small to medium-sized businesses, and making major acquisitions.

January 2024: With the completion of the acquisition of Hotel Chocolat, one of the top gourmet chocolate brands in the United Kingdom, Mars was happy to add a beloved brand to its lineup.

(Source:https://www.mars.com/news-and-stories/press-releases-statements/mars-completes-acquisition-hotel-chocolat)

August 2021: For the first time in its existence, Ferrero has ventured into the realm of gourmet chocolate bars: one square at a time, people can now savor the flavor of Ferrero Rocher and Raffaello's experience beyond special occasions. The unique flavor of two of their most well-known brands, adored by consumers for decades, is now offered in the form of a 90g bar with seven mouthwatering chocolate flavors to pick from. With its debut in the quickly growing gourmet chocolate bar market, Ferrero will be better positioned to compete in the gourmet chocolate industry.

(Source:https://www.ferrero.com/int/en/news-stories/news/ferrero-rocher-and-raffaello-now-available-in-a-premium-chocolate-bar-format)

Top Companies Market Share in Gourmet Chocolate Industry: (In no particular order of Rank)

• Barry Callebaut
• Cargill Incorporated
• Cemoi Chocolatier SA
• Chocoladefabriken Lindt & Sprungli AG
• Champlain Chocolate Co.
• Cloetta AB
• Chocolat Frey AG
• Endangered Species Chocolate
• Ethel M Chocolates
• Ferrero SpA
• Fazer Group
• Godiva
• ITC Limited
• Lake Champlain Chocolates
• Meiji Holdings Co. Ltd.
• Mondelez International Inc.
• Mars Incorporate
• Morinaga & Company Ltd.
• Nestle SA
• Neuhaus
• ORION CORP
• Pierre Marcolini Group
• Ritter Sport
• The Hershey Company
• Valrhona
• Yildiz Holding
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Gourmet Chocolate Market

Which Region Dominates the Gourmet Chocolate Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue because American consumers prefer excellent chocolate. Many people in their country choose to treat themselves to bite-sized chocolates in order to reduce their intake of sweets. Furthermore, chocolate is a great match for the country's "clean eating" push. Because dark chocolate has so many medicinal properties, people would want to indulge in gourmet dark chocolate guilt-free.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Gourmet Chocolate market due to several compelling reasons. The increasing number of people who value their health in the Asia Pacific region is driving the growth of the gourmet chocolate market in this area. Furthermore, the middle-class population's expanding disposable income is contributing to the market's sales in the Asia Pacific area.

The current report Scope analyzes Gourmet Chocolate Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Gourmet Chocolate

According to Cognitive Market Research, the global Gourmet Chocolate market size was estimated at USD 36581.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 14632.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Gourmet Chocolate market with a market size of USD 11545.12 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Gourmet chocolate producers in the US are constantly searching for fresh concepts to incorporate into their products, such as unique flavors, unusual ingredients, and imaginative packaging.
• The Canada Gourmet Chocolate market had a market share of USD 1755.91 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. This is due to the rising demand for gourmet chocolates in Canada from the luxury confectionery industries.
• The Mexico Gourmet Chocolate market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 1331.57 million in 2024.

Europe Gourmet Chocolate

According to Cognitive Market Research, the global Gourmet Chocolate market size was estimated at USD 36581.5 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 10974.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• The United Kingdom Gourmet Chocolate market had a market share of USD 1843.71 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. This is because of the expanding demand for gourmet chocolates in the UK from bakeries and patisseries.
• The France Gourmet Chocolate market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 1009.65 million in 2024.
• According to Cognitive Market Research, the Germany Gourmet Chocolate market size was valued at USD 2172.94 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. This is because of the German nutritional product sectors' expanding preference for gourmet chocolates.
• The Italy Gourmet Chocolate market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 943.80 million in 2024.
• The Russia Gourmet Chocolate market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 1701.04 million in 2024.
• The Spain Gourmet Chocolate market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 899.90 million in 2024
• The Luxembourg Gourmet Chocolate market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 340.21 million in 2024.
• The Portugal Gourmet Chocolate market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 230.46 million in 2024.
• The Greece Gourmet Chocolate market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 131.69 million in 2024.
• Rest of Europe's Gourmet Chocolate market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 1701.04 million in 2024.

Asia Pacific Gourmet Chocolate

According to Cognitive Market Research, the global Gourmet Chocolate market size was estimated at USD 36581.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 8413.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Gourmet Chocolate market size was valued at USD 3786.19 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. Leading gourmet chocolate companies engage with Chinese consumers using digital ads, social media marketing, and online retail platforms. This helps them build brand awareness and improves online purchasing, which helps them take advantage of the enormous potential of the Chinese digital industry.
• The Japan Gourmet Chocolate market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 1161.10 million in 2024.
• The India Gourmet Chocolate market had a market share of USD 1009.65 million in 2024 and is projected to grow at a CAGR of 12.8% during the forecast period. A large culinary culture encouraged by social media has emerged in India as a result of the country's growing number of bakeries and cafés.
• The South Korea Gourmet Chocolate market is projected to witness growth at a CAGR of 10.1% during the forecast period, with a market size of USD 841.37 million in 2024.
• The Australia Gourmet Chocolate market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 437.51 million in 2024.
• The South East Asia Gourmet Chocolate market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 580.55 million in 2024.
• The Rest of Asia Pacific Gourmet Chocolate market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 597.38 million in 2024.

South America Gourmet Chocolate

According to Cognitive Market Research, the global Gourmet Chocolate market size was estimated at USD 36581.5 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 1829.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Gourmet Chocolate market size was valued at USD 782.84 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. Brazil's middle class is growing, which has raised disposable money and made luxury goods like gourmet chocolates more accessible to more people.
• Argentina Gourmet Chocolate market had a market share of USD 307.28 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. Gourmet chocolates are now more widely available in Argentina because of the growth of retail channels, which include specialty shops and internet platforms.
• Colombia Gourmet Chocolate market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 162.79 million in 2024.
• Peru Gourmet Chocolate market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 149.98 million in 2024.
• Chile Gourmet Chocolate market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 131.69 million in 2024.
• The Rest of Latin America Gourmet Chocolate market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 294.48 million in 2024.

Middle East Gourmet Chocolate

According to Cognitive Market Research, the global Gourmet Chocolate market size was estimated at USD 36581.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 731.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.

• The GCC Countries Gourmet Chocolate market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 313.14 million in 2024. The GCC countries' tourism and hospitality industries are flourishing. Gourmet chocolate sales have been supported by the fact that upscale hotels and resorts frequently include fine chocolates in their guest service offerings.
• The Egypt Gourmet Chocolate market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 76.82 million in 2024.
• The South Africa Gourmet Chocolate market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 115.60 million in 2024. Modern retail formats like supermarkets and hypermarkets are growing in prominence in South Africa due to the country's fast urbanization. Gourmet chocolate products are frequently displayed in these retail establishments.
• The Turkey Gourmet Chocolate market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 62.92 million in 2024.
• The Nigeria Gourmet Chocolate market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 76.82 million in 2024.
• The Rest of the MEA Gourmet Chocolate market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 86.33 million in 2024.

Gourmet Chocolate Market Analysis

Gourmet Chocolate Market Product Type Segment Analysis

According to Cognitive Market Research, Dark Chocolate stands out as the dominating category. This can be due to the high antioxidant content of dark chocolate, which can lower cholesterol and postpone or prevent certain diseases like heart disease. Rich in magnesium, copper, iron, zinc, and other minerals that are considered to be healthy sources, dark chocolates are also packed with fiber. These chocolates include 70% or more dark chocolate, which customers greatly desire in the modern marketplace.

White and milk chocolate emerges as the fastest-growing category in the Gourmet Chocolate market. A significant percentage of the gourmet chocolate industry continues to belong to milk chocolate, which is still quite popular, particularly with kids and teenagers. It is favored over dark chocolate due to its smoother texture and more sugary flavor, which makes it more widely consumed. White chocolate is very popular in North America and Europe, where customers are looking for more unique and premium chocolate experiences.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Gourmet Chocolate Industry. Request a Free Sample PDF!

Gourmet Chocolate Market Packaging Type Segment Analysis

According to Cognitive Market Research, the dominating category is Standard Packaging. Because gourmet chocolates require better ingredients and workmanship, their production prices are typically greater. For producers, standard packaging could be a more affordable option that always enables them to turn a profit on a high-quality product. Certain high-end chocolate companies use a smart and understated branding approach. Standard packaging, with its emphasis on elegance and simplicity, may complement the brand's overall image and appeal to customers who value subtle luxury.

The fastest-growing category in the Gourmet Chocolate market is Gift Packaging. Gourmet chocolates are prevalent choices for holidays, birthdays, anniversaries, and other special occasions since they are frequently marketed as luxury gifts. As a result, gift packaging is becoming more and more popular. These are the times when customers want to present gifts that look good, which drives up the demand for sophisticated and expensive packaging. In order to satisfy the increasing demand, the gourmet chocolate market is adapting to consumer expectations and concentrating on premium, eco-friendly, and customized gift packaging choices.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Gourmet Chocolate Distribution Segment Analysis

According to Cognitive Market Research, the dominating category is Direct. There have been several significant causes contributing to the considerable expansion of the gourmet chocolate market's direct distribution channel segment. Brands can create personalized and immersive consumer experiences through direct distribution channels, such as flagship boutiques, pop-up shops, and company-owned stores. This relationship supports customized marketing tactics and increases brand loyalty. Customized goods and services, like unique chocolate assortments, personalized packaging, and unique gift sets, can be provided by brands through direct channels. This personalization satisfies customer demands for distinctive and customized goods.

The fastest-growing category in the Gourmet Chocolate market is Indirect. Gourmet chocolate goods are becoming more accessible to a wider spectrum of consumers worldwide through indirect channels like supermarkets, hypermarkets, convenience stores, specialty shops, and online platforms. The most significant factors for growth in this specific segment are the increased exposure and accessibility of high-quality chocolate goods via major retail chains and specialist shops. These stores not only give customers easy access, but they also enable luxury chocolate brands to be positioned and marketed strategically, increasing their market share and revenue.

• Direct
• Indirect

Author's Detail

Sneha Singh

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two three years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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