Global Chocolate Market Report and Forecast 2032

Romy Johsones09 May, 2025Business

The Global Chocolate Market reached a value of nearly USD 172.32 billion in 2024. The market is assessed to grow at a CAGR of around 3.42% during the forecast period of 2025-2032 to attain a value of around USD 276.65 billion in 2032. The key aspect driving the industry is the customer awareness of the health benefits of eating premium chocolate. In the projected years, the growing desire for chocolates that are vegan, organic, gluten-free, and sugar-free would also drive product demand. Organic products are becoming more prevalent among customers who are worried about their health & the environment owing to the rising awareness of the negative effects of synthetic products. High-end chocolate sales are also considerably impacted by seasonal variations. Further, in order to take advantage of this, numerous businesses launched a variety of chocolate assortments throughout holidays, including Easter, Christmas, and other celebrations & festivals.