- In January 2024, Mars, the global confectionery giant, has strategically expanded its product portfolio by acquiring "Hotel Chocolat," a prominent UK-based premium chocolate brand. This acquisition aligns with Mars' objective to diversify its offerings and tap into the luxury chocolate market, where Hotel Chocolat is known for its high-quality ingredients and innovative flavors, catering to the growing consumer demand for premium chocolate experiences
- In January 2024, Haldiram's, a leading Indian snacks and sweets brand, has entered the premium chocolate segment with the launch of 'Cocobay.' This new chocolate brand proudly claims to use 100% pure cocoa in all its products. Cocobay features a collection of uniquely crafted chocolates that infuse traditional Indian flavors, including fruit and spices, appealing to local tastes and preferences, thereby enhancing Haldiram's product diversity
- In September 2023, Hershey Canada Inc. has made a notable addition to its product lineup with the introduction of "Hershey's Oat Made," a plant-based chocolate option. This innovative product features two enticing flavors: Creamy and Almond & Sea Salt. Aimed at health-conscious consumers and those seeking dairy-free alternatives, Hershey's Oat Made caters to the rising demand for plant-based snacks while maintaining the beloved taste of classic Hershey's chocolate
- In April 2023, Toll House, a renowned brand under Nestlé, has launched two new varieties of plant-based chocolate chips, catering to the growing demand for vegan and dairy-free options in baking. These chocolate morsels include semi-sweet and dark chocolate varieties, designed to offer rich flavor and smooth texture. This initiative reflects Toll House's commitment to innovation, allowing home bakers to create delicious treats without compromising on taste or dietary preferences
- In September 2021, Ferrero International S.A. has forged an exclusive partnership with Lagardère Travel Retail to pre-launch a new range of premium chocolate tablets. This innovative product line features three decadent flavors: milk, dark (55% cocoa), and white chocolate, all crafted using the finest quality ingredients. The collaboration aims to enhance the shopping experience for travelers by offering luxurious chocolate options in travel retail locations
- In May 2020, Chocoladefabriken Lindt & Sprüngli AG announced an exciting addition to its product lineup with the launch of salted caramel truffles in Europe and other regions. These gourmet treats are crafted from smooth milk chocolate, enveloping a silky caramel-flavored filling, providing a perfect balance of sweet and salty. This new offering reflects Lindt's commitment to quality and innovation in the premium chocolate market, appealing to discerning chocolate lovers
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Milk Chocolate, Dark Chocolate and White Chocolate), Product Type (Regular/Plain Chocolate and Filled Chocolate), Inclusion (With Inclusions Chocolates and Regular/No Inclusions Chocolates), Nature (Conventional, And Organic), Category (Standard Premium, and Super Premium), Cocoa Content (50-60%, 71-80%, 61-70%, 81-90%, and 91-100%), Flavor (Flavor, Classic/Regular), Packaging (Plastic Wrap, Gift Boxes/Assorted, Pouches, Board Box, Sachets, and Others), Distribution Channel (Store Based Retailers And Non-Store Retailers) – Industry Trends and Forecast to 2031
.
The Global Premium Chocolate Market size was valued at USD 39.90 USD Billion in 2023.
The Global Premium Chocolate Market is projected to grow at a CAGR of 4.3% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
