Bean-to-Bar Chocolate Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.80 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Bean-to-Bar Chocolate Market Analysis
Bean-to-bar chocolate market is projected to register a CAGR of 7.8% during the forecast period, 2022-2027.
Bean-to-bar chocolate is an artisanal version of chocolate that is made from cocoa beans and produced in small batches. It is made from scratch and the producers have control over the whole process. In contrast to factory-made chocolates that contain fillers and flavorings, bean-to-bar chocolates are made with only cocoa beans and a little sugar. Bean-to-bar chocolate market is highly fragmented into very small-scale players operating in local markets.
The chocolate produced is natural and does not have additives involved thus in demand with consumer preference for more natural and organic products. These chocolates provide a wholesome experience for consumers and are available in various flavors. It represents a specific way of manufacturing chocolate in a more artisanal and transparent way where the producer's source cocoa beans, roast, grind and then process them into chocolate.
The number of bean-to-bar manufacturers has grown in recent years with the high demand for high-quality chocolates across the globe. For instance, according to the Fine Cacao and Chocolate Institute 2020, estimated that Europe had over 90 chocolate manufacturers. Moreover, with the growing consumer awareness about the high quality of the bean-to-bar market is driving the demand for such products. Manufacturers and key players in the market are organizing educational programs about chocolate to create awareness among consumers about the specific flavor profiles of chocolate.
Bean-to-Bar Chocolate Market Trends
This section covers the major market trends shaping the Bean-to-Bar Chocolate Market according to our research experts:
Growing consumer preference for natural and healthy chocolates
Cocoa chocolate is an ever-growing market driven primarily by its extensive appeal, popularity, and wide use of chocolates in household cooking. Chocolates are consumed by a large portion of the population and have all age groups of consumers. In western countries, there is an increased demand for chocolate with perceived health benefits and more exotic flavors. Consumers nowadays are looking for unique options, that offer health benefits along with health benefits, this has created opportunities for manufacturers to come up with such options. Key players in the market are focusing on offering all-natural, free-from, and organic chocolates to attract consumers.
Moreover, most consumers are interested in better-for-you chocolate. Consumers want to reduce their sugar consumption, added antioxidants, and added protein to chocolate and chocolate-flavored food. Thus, consumers are looking for such options which can fulfill their needs. However, the demand for cocoa products is continuously increasing in emerging economies. Chocolate sales are projected to grow in countries experiencing increases in GDP per capita such as China, India, Mexico, Indonesia, Turkey, and others. The growing demand for chocolates is anticipated to benefit the bean-to-bar chocolate market.
Europe is the Largest Consuming Region
Europe is one of the key producers of chocolates around the globe with the presence of key chocolate manufacturers of all sizes, which work with different cocoa qualities. Across the region, several multinational companies represent the bulk of the market for final chocolate products which include Nestlé, Mondelez, Mars, Lindt & Sprüngli, and Ferrero.
Moreover, swizz chocolates are also very popular across the globe, and in terms of industrial chocolate, the European Cocoa industry is one of the largest markets that ground over a million tons of cocoa beans, with a production amounting to one-third of the world production, with the Netherlands alone accounting for 550.000 tons, according to the European Cocoa Association.
Europe is also the largest producing region, and Germany is among the world's largest exporters of chocolate, followed by Belgium, Italy, Poland, and the Netherlands according to the Centre for the Promotion of Imports Europe. Thus, with the presence of large and small-scale producers in the region, along with the high consumption of chocolate, the European market is anticipated to be the key region for the bean-to-bar chocolate market.
Bean-to-Bar Chocolate Industry Overview
The global bean-to-bar chocolate market is highly fragmented with small-scale players operating in multiple regions. Regional-level players and local players are focusing on offering a wide range of chocolates with different flavors, packaging, sizes, and aromas. These players are using various strategies to expand their market share to maintain a leading position in their respective market space.
Some of the key players in the bean-to-bar chocolate market include C Salgado Chocolates, Goodnow Farms, Maui Kuʻia Estate Chocolate, Latitude Craft Chocolate, and Raaka Chocolate Ltd. There are various small-scale players in the market opting for different strategies to acquire a significant market share. For instance, Kocoatrait is a luxury chocolate brand offering organic bean-to-bar chocolates produced only using Indian cocoa.
Bean-to-Bar Chocolate Market Leaders
Goodnow Farms
Maui Kuʻia Estate Chocolate
Latitude Craft Chocolate
Raaka Chocolate Ltd
Salgado Chocolates
*Disclaimer: Major Players sorted in no particular order
Bean-to-Bar Chocolate Market News
In July 2022, Blue Gourmet, an Indian-based company is going to launch new bean-to-bar chocolate in September. The company has a presence in Kerala where the cocoa is grown providing the company a geographical advantage when it comes to sourcing and controlling the quality from the start.
In April 2022, Whole Truth Foods introduced dark bean-to-bar chocolate sweetened with dates made with locally sourced cocoa and Non-GMO dates.
In July 2021, Latitude Craft Chocolate, a certified B Corporation that produces chocolate at origin in Uganda, is distributing its products in the United States through distributor Bar & Cocoa.
Bean-to-Bar Chocolate Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Dark
5.1.2 Milk/White
5.2 By Distribution Channel
5.2.1 Supermarkets/Hypermarkets
5.2.2 Convenience Stores
5.2.3 Online Stores
5.2.4 Other Distribution Channel
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 Spain
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Salgado Chocolates
6.3.2 Goodnow Farms
6.3.3 Maui Kuʻia Estate Chocolate
6.3.4 Latitude Craft Chocolate
6.3.5 Raaka Chocolate Ltd
6.3.6 Blue Gourmet
6.3.7 Omnom Chocolate
6.3.8 Kocoatrait
6.3.9 French Broad Chocolate
6.3.10 Solstice Chocolate
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
9. DISCLAIMER
Bean-to-Bar Chocolate Industry Segmentation
Bean-to-bar chocolates are produced by processing cacao beans into chocolate bars. These products can be produced in-house and have many small-scale players operating in this business. Most chocolate-making companies just melt ready-made chocolates, but bean-to-bar chocolate manufacturers have control over the whole process and produce chocolates from cocoa beans. The global bean-to-bar chocolate market (henceforth referred to as the market studied) is segmented by product type, distribution channel, and geography. By type, the market is segmented into dark chocolate, and milk/white chocolate.
Based on the distribution channel, the market studied is segmented into supermarkets/ hypermarkets, convenience stores, online stores, and other distribution channels. It provides an analysis of emerging and established economies across the world, comprising North America, Europe, South America, Asia-Pacific, Middle-East, and Africa. For each segment, the market sizing and forecasts have been done based on value (in USD million).
Bean-to-Bar Chocolate Market Research FAQs
What is the current Bean-to-Bar Chocolate Market size?
The Bean-to-Bar Chocolate Market is projected to register a CAGR of 7.80% during the forecast period (2024-2029)
Who are the key players in Bean-to-Bar Chocolate Market?
Goodnow Farms, Maui Kuʻia Estate Chocolate, Latitude Craft Chocolate, Raaka Chocolate Ltd and Salgado Chocolates are the major companies operating in the Bean-to-Bar Chocolate Market.
Which is the fastest growing region in Bean-to-Bar Chocolate Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Bean-to-Bar Chocolate Market?
In 2024, the Europe accounts for the largest market share in Bean-to-Bar Chocolate Market.
What years does this Bean-to-Bar Chocolate Market cover?
The report covers the Bean-to-Bar Chocolate Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bean-to-Bar Chocolate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Bean-to-Bar Chocolate Industry Report
Statistics for the 2024 Bean-to-Bar Chocolate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bean-to-Bar Chocolate analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
