Dark chocolate is a type of chocolate that contains cocoa solids content than milk chocolate. It comes from cocoa beans that have been partially or fully fermented before processing. Unlike milk chocolate, dark chocolate is relatively low in sugar and high in cocoa content, making it taste bitterer. Dark chocolate is now considered a superfood as it offers various health benefits such as improving heart health, reducing stress, and boosting cognitive performance.
The global Dark Chocolate Market is estimated to be valued at US$ 65615.7 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increasing awareness about various health benefits of dark chocolate such as reducing risk of heart diseases, controlling blood pressure, and improving cognitive abilities has propelled its demand globally. Dark chocolate contains antioxidants like flavonoids that are responsible for various health benefits. Many studies have shown dark chocolate helps in improving cardiovascular health by reducing cholesterol levels, reducing inflammation, and preventing platelets from sticking together which helps in lowering the risk of heart attacks and stroke. With growing health consciousness among consumers, awareness about such health benefits of dark chocolate is driving its demand significantly over the forecast period.
SWOT Analysis
Strength: Dark chocolate has high nutritional value and several health benefits such as improving heart health, reducing stress, and boosting cognitive functions. It contains antioxidants that can help protect cells from damage.
Weakness: Dark chocolate has an intense bitter taste which some consumers may not prefer. It has a higher cocoa content which makes it more expensive than other types of chocolate.
Opportunity: Rising health consciousness among consumers is driving the demand for nutritious and healthy food products. The health benefits of dark chocolate offer opportunities for manufacturers to market it as a healthier substitute for regular chocolates.
Threats: Availability of alternatives like milk and white chocolates pose threats to the dark chocolate market. Economic slowdowns can reduce consumer spending on premium chocolate products.
Key Takeaways
The Global Dark Chocolate Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global Dark Chocolate Market is estimated to be valued at US$ 65615.7 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030.
North America currently dominates the market due to increasing awareness about health benefits of dark chocolate and growing demand for premium chocolate products in the region. Europe is the second largest and fastest growing regional market for dark chocolate. Countries like Germany, France, and the UK have a long tradition of chocolate consumption and rising health consciousness is propelling the demand for dark chocolate confectioneries and snacks in Europe.
Key players: Key players operating in the dark chocolate market are 3M Company, Johnson & Johnson, Procter & Gamble, Reckitt Benckiser Group plc, and Ecolab Inc. These companies are introducing new product variants with higher cocoa content to capitalize on the health attributes of dark chocolate and expanding market reach through e-commerce channels.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.