Craft Chocolate Market Report 2024 (Global Edition)

Global Craft Chocolate Market Report 2024 Market Size Split by Type (Dark Chocolate, White Chocolate, Milk Chocolate, Ruby Chocolate, Blended Chocolate), by Application (Retail, Wholesale, E-commerce,...

Craft Chocolate Market Report Description

We have various report editions of Craft Chocolate Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Craft Chocolate Market Insights Video

Competitive Landscape of the Craft Chocolate Market

In the competitive Craft Chocolate Market, major players strive for dominance through strategic initiatives, technological advancements, and diverse product offerings, often reinforcing their positions with partnerships, acquisitions, and innovative product launches.

• January 2022: Blommer Chocolate Company, North America's largest cocoa processor and ingredient chocolate supplier, unveils the inauguration of a new R&D Applications Lab situated in downtown Chicago, IL, within The Merchandise Mart.

(Source:https://www.blommer.com/news.php)

• January 2023: Ghirardelli Chocolate Company has officially commenced the renovation of its second flagship store at Ghirardelli Square, emphasizing the company's distinguished legacy as a pioneering force in U.S. chocolate and its enduring ties to San Francisco since the 1850s.

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

• Ah Cacao Real Chocolate
• Amano Artisan Chocolate
• Amedei
• Amul
• Askinosie Chocolate
• Barry Callebaut
• Blommer Chocolate Company
• Bonnat Chocolates
• Castronovo Chocolate
• Chocolaterie Robert
• Cocoa Processing Company
• E. Wedel
• Galle & Jessen
• Ghirardelli
• Hershey's
• Kraš
• Laima
• Taza Chocolate
• Theo Chocolate
• Phillies Chocolate
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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 Craft Chocolate

According to Cognitive Market Research, North America asserts its dominance as the leading region in the Craft Chocolate Market, showcasing a robust and mature market. The region's affinity for premium and artisanal products, coupled with a burgeoning interest in ethically sourced and sustainable chocolates, propels North America to the forefront. Craft chocolate makers in North America benefits from a sophisticated consumer base that values quality and uniqueness, contributing to the region's leading position. The presence of established craft chocolate brands and a culture that appreciates diverse flavor profiles further solidifies North America's prominence in the global craft chocolate landscape.

Europe is experiencing the most rapid expansion in the craft chocolate market, signaling a shift in consumer preferences toward high-quality, artisanal chocolates. The region's rich culinary traditions and discerning palates align seamlessly with the craft chocolate movement, driving increased demand. European consumers' emphasis on ethically sourced ingredients and unique flavor combinations positions Europe as a dominant force in the market's growth. The proliferation of craft chocolate makers, each offering a distinct narrative and flavor profile, contributes to Europe's domination in the dynamic and evolving world of craft chocolate.

The current report Scope analyzes Craft 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 Craft Chocolate Market

According to Cognitive Market Research, North America held the major market share in 2023 and accounted for more than 40% of the global revenue. North America emerges as the dominant force in the Craft Chocolate Market, boasting a substantial market size of $5.32 billion and a robust Compound Annual Growth Rate (CAGR) of 8.6%. This region's prominence is fueled by a growing consumer preference for premium and ethically sourced chocolates. Craft chocolate makers in North America leverage a commitment to quality, unique flavor profiles, and sustainable sourcing practices, aligning with the evolving tastes and values of discerning consumers. The market experiences a surge as artisans and small-batch producers thrive, offering a diverse range of high-quality, artisanal chocolates. With a strong emphasis on authenticity and craftsmanship, North America solidifies its leadership position, shaping the trajectory of the Craft Chocolate Market and setting the stage for continued growth and innovation in the artisanal chocolate sector.

Europe Craft Chocolate Market

According to Cognitive Market Research, the European Craft Chocolate Market accounted for approximately 30% of the global revenue. Europe emerges as the fastest-growing region in the Craft Chocolate Market, exhibiting a compelling market size of $3.99 billion and an impressive Compound Annual Growth Rate (CAGR) of 8.9%. This rapid expansion is fueled by a dynamic landscape characterized by a rising appreciation for artisanal and high-quality chocolates. Craft chocolate makers in Europe gain traction by offering unique flavor experiences, emphasizing premium ingredients and embracing traditional production methods. Consumers across the continent are drawn to the authenticity and craftsmanship associated with European craft chocolates. The market's growth is further propelled by a cultural affinity for fine chocolates and an increasing awareness of ethical and sustainable sourcing practices. Europe's progressive approach to chocolate craftsmanship positions it as a key player in driving the sustained expansion of the Craft Chocolate Market, setting trends and standards for the global industry.

Asia Pacific Craft Chocolate Market

According to Cognitive Market Research, Asia Pacific commands a substantial 23% share of the global Craft Chocolate Market, poised for impressive growth with a projected 12.0% Compound Annual Growth Rate (CAGR) during the forecast period, contributing to a market size of around $3.06 billion. In this dynamic region, the Craft Chocolate Market experiences significant growth in the "Dark Chocolate" segment, reflecting a growing preference for rich and nuanced flavor profiles. The Asia Pacific market is characterized by a surge in demand across various applications, with a notable uptick in retail and e-commerce channels. While Asia Pacific dominates in terms of market share, Europe stands out as the fastest-growing region in the craft chocolate sector, showcasing its progressive approach and strategic alignment with evolving consumer tastes and contributing to the region's rapid market expansion.

South America Craft Chocolate Market

According to Cognitive Market Research, Latin America commands a 5% share of the global Craft Chocolate Market, anticipating a remarkable 10.0% Compound Annual Growth Rate (CAGR) during the forecast period, contributing to an estimated market size of approximately $0.67 billion. In this region, the "Dark Chocolate" segment exhibits significant growth, fueled by a rising preference for rich and intense flavor profiles among Latin American consumers. Craft chocolate makers in Latin America capitalize on traditional cacao cultivation practices and unique regional flavors, enhancing the appeal of their products. While Latin America solidifies its domination in dark chocolate offerings, North America stands out as the fastest-growing region in the Craft Chocolate Market, driven by a growing affinity for premium and ethically sourced chocolates, shaping the trajectory of the global craft chocolate industry.

Middle East and Africa Craft Chocolate Market

According to Cognitive Market Research, the Middle East and Africa contribute approximately 2% to the global Craft Chocolate Market, poised for impressive growth with an anticipated Compound Annual Growth Rate (CAGR) of 10.1% over the forecast period, reaching a market size of around 0.27 USD billion. In this region, Dark Chocolate emerges as a segment displaying significant growth, reflecting an evolving consumer palate towards premium and rich cocoa flavors. The Middle East and Africa Craft Chocolate Market showcases a rising trend of consumers seeking unique and high-quality chocolate experiences. While Europe dominates the global craft chocolate scene, the Middle East and Africa position themselves as the fastest-growing region, leveraging an increasing appreciation for artisanal products and a burgeoning consumer base with a penchant for diverse chocolate varieties.

Craft Chocolate Market Analysis

Craft Chocolate Type Segment Analysis

According to Cognitive Market Research, dark chocolate takes center stage in the Craft Chocolate Market, claiming a dominant position due to its rich cocoa content and intricate flavor profiles. Craft chocolatiers, celebrated for their emphasis on quality, have excelled in producing premium dark chocolate offerings, establishing it as the preferred choice among discerning consumers. Ruby Chocolate emerges as the fastest-growing category, characterized by its unique pink hue and distinctive berry-like taste. The novelty and sensory appeal of ruby chocolate has fueled rapid market expansion, making it a standout choice among chocolate enthusiasts and contributing to the dynamic landscape of the craft chocolate industry.

• Dark Chocolate
• White Chocolate
• Milk Chocolate
• Ruby Chocolate
• Blended Chocolate

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 Craft Chocolate Industry. Request a Free Sample PDF!

Craft Chocolate Application Segment Analysis

According to Cognitive Market Research, in the craft chocolate market, the dominant category is retail, capitalizing on widespread consumer accessibility and the diverse demographic reach of in-store experiences. Craft chocolatiers strategically partner with retailers to showcase their products, establishing a prominent presence in traditional brick-and-mortar outlets. 

Simultaneously, the e-commerce segment emerges as the fastest-growing category, fueled by the surge in online shopping trends. Craft chocolate makers leverage digital platforms to connect directly with consumers, offering a personalized and convenient avenue for exploring and purchasing unique, artisanal chocolates. The dynamic growth of E-commerce reflects the industry's adaptation to evolving consumer behaviors and preferences.

• Retail
• Wholesale
• E-commerce
• Specialty Stores
• Gift Shops

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

Craft Chocolate Form Segment Analysis

According to Cognitive Market Research, in the craft chocolate market, the Bars segment commands dominance favored for its versatility and creative potential in flavor combinations. This traditional format's widespread availability and portion control contribute to its substantial market share. Concurrently, the Truffles category emerges as the fastest-growing segment, epitomizing innovation and luxury in craft chocolate. Renowned for their indulgent appeal, truffles showcase chocolatiers' artistic prowess, attracting consumers seeking premium, bite-sized experiences. This dynamic interplay between the traditional allure of bars and the evolving sophistication of truffles highlights the diverse landscape within the craft chocolate industry.

• Bars
• Truffles
• Bonbons
• Discs
• Dragees
• Slabs
• Nibs

Craft Chocolate Distribution Channel Segment Analysis

According to Cognitive Market Research, in the craft chocolate market, online retail stands as the dominant distribution channel, capitalizing on the growing trend of e-commerce and providing consumers with a convenient platform to explore a diverse array of artisanal chocolate offerings. 

Artisan shops have emerged as the fastest-growing category, offering a unique, hands-on experience that resonates with consumers seeking authenticity and a personalized touch in their craft chocolate purchases. The appeal of direct interaction with producers, coupled with the experiential nature of these specialized shops, positions them as a rapidly expanding segment, reflecting the market's dynamic response to consumer preferences for both convenience and an immersive chocolate-buying experience.

• Supermarkets/Hypermarkets
• Convenience Stores
• Online Retail
• Artisan Shops

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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