“Global Wine Chocolate Market to reach a market value of USD 1.4 Billion by 2030 growing at a CAGR of 6.8%”
The Global Wine Chocolate Market size is expected to reach $1.4 billion by 2030, rising at a market growth of 6.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,06,374.87 thousand units (Pack of 6), experiencing a growth of 7.2% (2019-2022).
The high production and increasing exports of wine in Europe provide a strong foundation for the expansion of the market. Consequently, the Europe region would generate a revenue of USD 322.32 million by 2022. Chocolate is deeply ingrained in European culinary traditions and is celebrated as a symbol of indulgence, luxury, and pleasure. As a result, there is a strong demand for innovative and premium chocolate products, including wine chocolate, which appeals to European consumers seeking new and exciting taste experiences.
Dark chocolate contains antioxidants, particularly flavonoids, which reduce the risk of cancer and heart disease by oxidative stress. Also, dark chocolate is a desirable choice for health-conscious consumers because it contains antioxidants, which increase the food’s perceived health advantages. Therefore, dark chocolate’s health benefits are propelling the market’s growth.
Additionally, High-quality ingredients and careful attention to detail go into creating artisanal and premium wine chocolate products, which produce goods with exceptional taste, texture, and sensory appeal. Hence, increasing interest in artisanal and premium products drives the market’s growth.
However, Wine chocolate products contain perishable ingredients such as chocolate and wine, which are susceptible to degradation over time. Exposure to temperature fluctuations, humidity, and oxygen can accelerate the deterioration of wine chocolate, leading to changes in texture, flavors, and overall product quality. In conclusion, the limited shelf life of wine chocolates is impeding the market’s growth.
By distribution channel, the market is divided into supermarkets/hypermarkets, convenience stores, specialty stores, and online stores. In 2022, the specialty stores segment registered the 43.51 % revenue share in the market. Specialty stores curate their offerings to cater to discerning customers seeking unique, high-quality products. Specialty stores offer exclusive and hard-to-find products, including limited-edition wine chocolate varieties.
Based on form, the market is categorized into solid and liquid. In 2022, the liquid segment registered a 77.67 % revenue share in the market. Liquid wine chocolate allows for a more intense infusion of wine flavor into the chocolate compared to other forms of wine, such as powdered or dried. Also, liquid wine chocolate can be used in various chocolate products, including truffles, fillings, and sauces.
Based on wine type, the market is segmented into red wine, white wine, and others. The white wine segment attained a considerable 37.01 % share in the market in 2022. Chocolate manufacturers and chocolatiers continuously innovate to meet consumer demand for unique and innovative flavor combinations. White wine-infused chocolates represent a creative and novel offering within the market, attracting consumers interested in exploring new and exciting taste experiences.
Free Valuable Insights: Global Wine Chocolate Market size to reach USD 1.4 Billion by 2030
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region generated a 32.75 % revenue share in the market in 2022. Wine consumption has increased in North America, with many consumers embracing wine as part of their lifestyle and social gatherings. Wine chocolate complements this trend by offering a unique and enjoyable way to experience the flavors of wine in a chocolate format, appealing to wine enthusiasts and chocolate lovers alike.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 822.7 Million |
| Market size forecast in 2030 | USD 1.4 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 6.8% from 2023 to 2030 |
| Quantitative Data | Volume in Thousand Units (PACK of 6), Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Number of Pages | 318 |
| Number of Tables | 454 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Form, Wine Type, Distribution Channel, Region |
| Country scope |
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| Companies Included | Lindt & Sprungli AG, Raaka Chocolate Ltd., Ferrero International S.A.Yildiz Holding A.S., Neuhaus Inc, Alfred Ritter GmbH & Co. KG, Duc d'O (Baronie Belgium NV/SA), Halloren Chocolate Factory AG, Toms Gruppen A/S , Underberg AG (Semper idem Underberg AG) |
By Form (Volume, Thousand Units (PACK OF 6), USD Billion, 2019-2030)
By Wine Type (Volume, Thousand Units (PACK OF 6), USD Billion, 2019-2030)
By Distribution Channel (Volume, Thousand Units (PACK OF 6), USD Billion, 2019-2030)
By Geography (Volume, Thousand Units (PACK OF 6), USD Billion, 2019-2030)
This Market size is expected to reach $1.4 billion by 2030.
Rising Awareness Of Health Benefits Of Dark Chocolate are driving the Market in coming years, however, Limited Shelf Life Of Wine Chocolates restraints the growth of the Market.
Lindt & Sprungli AG, Raaka Chocolate Ltd., Ferrero International S.A.Yildiz Holding A.S., Neuhaus Inc, Alfred Ritter GmbH & Co. KG, Duc d'O (Baronie Belgium NV/SA), Halloren Chocolate Factory AG, Toms Gruppen A/S , Underberg AG (Semper idem Underberg AG)
In the year 2022, the market attained a volume of 1,06,374.87 thousand units (Pack of 6), experiencing a growth of 7.2% (2019-2022).
The Red Wine segment is leading the Market by Wine Type in 2,022 there by, achieving a market value of $663.8 Million by 2,030.
The Europe region dominated the Market by Region in 2,022 there by, achieving a market value of $521.8 Million by 2,030, growing at a CAGR of 6.3 % during the forecast period.
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