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Premium Chocolate Market

The global premium chocolate market was valued at USD 81.34 billion in 2022 and is expected to reach USD 185.32 billion in 2030, with a CAGR of 9.45% during the forecast period 2023-2030.

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Premium Chocolate Market

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  1. Premium Chocolate Market

  2. The premium chocolate segment includes upscale varieties crafted with superior ingredients and unique flavors such as peanut butter, caramel, mint, honey, tropical fruits, and espresso, which are gaining popularity around the world. The growing demand for premium chocolate can be attributed to increased awareness of the distinctive attributes of premium chocolates and strategic branding initiatives by major companies positioning these products as premium gifts. • The premium chocolate market is experiencing an upward trajectory primarily due to an increasing preference for gourmet chocolates made from ultra-fine cocoa beans, a growing demand for dark chocolates including high-quality cocoa powder, a rising consumption of skimmed milk chocolates among the younger demographics, and the growing investments by key players in the development of high-quality and healthier premium chocolate options. Download Sample PDF

  3. Market Drivers The increasing popularity of organic and clean label movements is driving the market growth of the market. 1 The rising concern among consumers regarding the intake of healthy foods has surged the growth of the market. 2 2 2

  4. On the basis of distribution channel, the sub-markets include hypermarkets/ supermarkets, convenience stores, online channels, and others. • On the basis of product type, the sub-markets include dark, white, and milk. Market Segmentation 1 2

  5. Segmentation by Region

  6. Leading Market Players • Ferrero • Nestlé • Yildiz Holding • Mars, Incorporated • Lake Champlain Chocolates • Mondelez International Inc • Cemoi Chocolatier SA • The Hershey Company • Pierre Marcolini Group • Chocoladefabriken Lindt & Sprüngli AG

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