The global chocolate market is expected to reach $139.9 billion by 2024, increasing at a 4.5% compound annual growth rate, according to the study Chocolate Market: Growth, Trends and Forecast (2019 to 2024) from Dublin-based Research and Markets.
Some highlights of the report focus on an increased demand for dark and organic chocolates. Research and Markets points out that the range of shapes that chocolates assume has an influence on consumers: So-called “molded” chocolates are dominating the market. They include solid molded and segmented bars, blocks and tablets in various sizes, with some filled with nuts and/or raisins and made of different types of chocolate, the report said.
Such positive expectations appear to be motivating ambitious innovation in the chocolate product market, from candies and ice cream to baked goods and snack bars.
Read on for a look of six rollouts from the past several months.