Global Dark Chocolate Market Is Expected To Witness Significant Growth As Hershey India Pvt. Ltd Launches Hershey’s Exotic Dark Chocolates To Strengthen Its Portfolio

 

Dark Chocolate Market

Dark chocolate is a specific type of chocolate containing mostly cocoa powder and cocoa butter, unlike milk chocolate which contains mostly milk. Generally speaking, government and market standards of what certain products can be labeled as "Craftsmen Chocolate" differ greatly by country and industry. For example, chocolate that has not been "packed" and sent through any sort of processing or commercialized factory will not be labeled as "craftsmen chocolate", even though the production process may have been precisely the same throughout the different countries. "Craftsmen" chocolate generally refers to a very small amount of cocoa solids per unit mass-produced and has to meet certain quality parameters set by the cocoa butter manufacturers themselves.

Increasing demand for premium dark chocolates as gifts coupled with growing health benefits linked to cocoa-rich dark chocolates is expected to drive growth of the global dark chocolate market. The demand for premium dark chocolates is increasing steadily across the globe. Key players in the market are introducing innovative dark chocolates that can be presented as gifts. For instance, in January 2020, DOVE Chocolate introduced new Truffle Gift Tubes, featuring its popular DOVE Chocolate Truffles packaged in keepsake pink tubes for Valentine’s Day. Furthermore, in May 2019, Ferrero USA Inc., a subsidiary of Ferrero SpA, introduced Ferrero Golden Gallery Signature, a premium assortment of finely designed chocolates. Besides, consumers are increasingly preferring cocoa-rich dark chocolates due to their health benefits. Hence, such factors are expected to drive growth of the global dark chocolate market. Furthermore, rising disposable income and changes in eating habits are expected to propel the global dark chocolate market growth over the forecast period.

Rising prices of cocoa beans are expected to hamper the global dark chocolate market growth in the near future. Among regions, Europe is expected to witness significant growth in the global dark chocolate market. This is owing to increasing health concerns since dark chocolate has less sugar combined with the presence of major market players such as Ferrero SpA, Lindt & Sprüngli AG, and Nestle in the region. Moreover, North America is expected to register a robust growth rate, owing to changing eating habits in the region.

Major players operating in the global dark chocolate market are Mars Inc., Blommer Chocolate Company, Hershey Co., SpA, Lindt & Sprüngli AG, Chocolate Frey, Brookside Foods, and Nestle.

For instance, in October 2020, Hershey India Pvt. Ltd., a subsidiary of Hershey Company, launched Hershey’s Exotic Dark chocolates.

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