Dark Chocolate is Anticipated to Witness High Growth Owing to Increasing Health Benefits
Dark chocolate is a food product made from cocoa beans, cocoa butter, sugar and optionally milk. It has a darker colour compared to milk and white chocolate owing to greater content of cocoa solids. Dark chocolate offers various health benefits due to high antioxidants content such as improving heart health, reducing stress and enhancing mood. The global dark chocolate market is estimated to be valued at US$ 144.71 billion in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period from 2024 to 2031. Key Takeaways Key players operating in the dark chocolate are Mars Inc., The Hershey Company, Nestlé S.A., Godiva, Amul, Lindt & Sprüngli AG, Ghirardelli Chocolate Co., Patchi, Harry & David Holdings, Inc., and Mondelez International. These players are focusing on new product launches, mergers and acquisitions to strengthen their market position. For instance, in 2021, Mars expanded its Snickers Dark line with two new varieties - Snickers Dark Almond and Snicke...