The Global Dark Chocolate Market Growth Accelerated By Increasing Health Benefits Of Dark Chocolate

 

Dark chocolate offers various health benefits such as antioxidants, reduced blood pressure, improved brain function, etc. It contains cocoa solids and less sugar than milk or white chocolate. Dark chocolate stimulates the brain to release serotonin and endorphins, hormones that promote happiness and pleasure.

The global Dark Chocolate Market is estimated to be valued at US$ 65615.7 Mn in 2023 and is expected to exhibit a CAGR of 10 % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Increasing health awareness among consumers is one of the major trends driving the growth of the dark chocolate market. People are becoming more conscious about their health and switching to healthier food and beverage options. Dark chocolate contains flavonoids that promote heart health by reducing blood pressure and cholesterol levels. Regular consumption of dark chocolate also reduces the risk of diabetes and protects brain function. Manufacturers are marketing dark chocolate products highlighting their health benefits such as antioxidants, superior taste and minimal sugar content to attract health-conscious consumers. They are also introducing product varieties such as nut butter cups, coconut chips, and chili chocolate to cater to evolving consumer tastes.

Segment Analysis
The dark chocolate market has been dominated by the 55-65% cocoa sub-segment. It accounts for over 40% of the total market share as consumers tend to prefer dark chocolates with 55-65% cocoa content over other variants. This coco percentage provides a balance between bitterness and sweetness enjoyed by the masses.

Key Takeaways
The Global Dark Chocolate Market Size is expected to witness high growth. The global Dark Chocolate Market is estimated to be valued at US$ 65615.7 Mn in 2023 and is expected to exhibit a CAGR of 10 % over the forecast period 2023 to 2030.

Regional analysis: The dark chocolate market in North America is expected to grow at a high CAGR owing to the increasing health-consciousness among individuals. Consumers associate dark chocolate with several health benefits such as reduced risk of heart disease and weight control.

Key players: Key players operating in the dark chocolate market are 3M Company, Johnson & Johnson, Procter & Gamble, Reckitt Benckiser Group plc, Ecolab Inc. These players are launching new premium products and engaging in mergers and acquisitions to strengthen their market position.

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