Industrial Chocolate Market Expected to Value USD97bn by 2033

The global industrial chocolate market is expected to exhibit promising growth opportunities because of the rising awareness about the health advantages of consuming high-quality chocolates. According to Fact.MR, a provider of market research and competitive intelligence, sales of industrial chocolate are projected to reach a market valuation of USD97bn by the end of 2033, increasing at a CAGR of 4.5% over the next ten years.

Global demand for sugar-free, vegan, gluten-free, and organic chocolates has been steadily rising in recent years because of the increasing preference for healthier and more sustainable food options. Additionally, during the COVID-19 pandemic, many people turned to chocolate as a means of boosting their mood and reducing stress levels.

The belief among consumers in the excellence of single-origin and bean-based chocolates over bar chocolates has resulted in increased investments by industry players to manufacture such products. Additionally, the growing preference for the bean-to-bar approach is driving the demand for premium and specialty chocolate products. Furthermore, the trend of single-origin cocoa is fueling innovation and the creation of new products.

The global industrial chocolate market is expected to be influenced by the growing awareness of the health benefits associated with consuming dark chocolate.

Moderate consumption of dark chocolate can also improve brain function and lower blood pressure, owing to the presence of crucial minerals such as iron, zinc, copper, phosphorus, and magnesium.