Liquor Chocolate Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Liquor Chocolate Market Report is Segmented by Type (Bar, Tablets, Box Assortment, and Other Types), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Retail Stores, and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.


Liquor Chocolate Market Size

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Liquor Chocolate Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 0.95 Billion
Market Size (2029) USD 1.33 Billion
CAGR (2024 - 2029) 6.97 %
Fastest Growing Market North America
Largest Market Europe

Major Players

Liquor Chocolate Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Liquor Chocolate Market Analysis

The Liquor Chocolate Market size is estimated at USD 0.95 billion in 2024, and is expected to reach USD 1.33 billion by 2029, growing at a CAGR of 6.97% during the forecast period (2024-2029).

Due to a significant rise in the demand for unique confectionery products and the trend of alcoholism, the demand for liquor chocolate is expanding globally. European countries show significantly higher averages in per capita chocolate consumption. According to the World Population Review, Switzerland consumed around 19.4 pounds of chocolate per person annually as of 2023. The Austrian population consumed around 17.8 pounds, while the Germans consumed around 17.4 pounds annually in the same year. Apart from this, with the rising trend toward premium and indulgent food products, especially in North America, consumers are willing to pay more for high-quality chocolates infused with premium spirits as luxurious treats for special occasions. Supermarkets and hypermarkets are the most adopted channels for liquor chocolates owing to the unique variety of attractive products, ready packaging, in-store promotions, and consistent chocolate quality. Moreover, several private-label chocolatiers are launching artisanal and specialized products to meet consumer demand in the premium liquor chocolate category. For instance, in 2023, Mars, Incorporated brand Ethel M launched Valentine's Day offerings, including two new limited-edition premium chocolates. The chocolates include Dark Chocolate Blood Orange Satin Crème and Milk Chocolate Bananas Foster Truffle, handcrafted with decadent flavors.

Liquor Chocolate Market Trends

Gifting Culture Elevating Liquor Confectionery Demand

Liquor chocolate is a relatively fast-growing segment of the craft chocolate market. Craft chocolate has long been a symbol of love and affection, and its sweet and indulgent nature makes it a popular gift for special occasions. Nowadays, liquor chocolate and its luxurious nature make it a popular choice for expressing affection. It comes in various flavors, textures, and forms, ranging from simple bars to elaborate truffles. Liquor chocolates are often beautifully packaged, as luxury chocolate brands pay attention to aesthetics, making them visually appealing for gift-giving. Moreover, manufacturers are offering products made for special occasions. For instance, in 2023, Anthon Berg partnered with the World of Sweets to expand its United Kingdom customer base and position its products as an all-year-round gifting option during popular gifting seasons, including Valentine’s, Mother’s Day, Father’s Day, and Christmas.

Liquor Chocolate Market: Planned Valentine’s gift purchases, Australia, 2024, by type (in %)

Europe Is The Largest Consumer Of Liquor Chocolates

The United Kingdom emerged as one of the top chocolate-consuming countries in Europe, with an average per capita consumption of about 8.1 kg per year in 2022, according to the Syndicat du Chocolat, an alliance of chocolate processing and manufacturing companies. Chocolate sales in the United Kingdom surge during special occasions like Easter and Christmas. For instance, according to the data published by The Mirror, United Kingdom’s online news platform, in 2022, consumers consumed more than 209 million chocolates during the Christmas season in the country. This can be associated with the popular gifting culture of confectionery items, such as liquor chocolates, on special occasions in the country. Moreover, chocolate is deeply rooted in Spanish culinary traditions, with various chocolate-based desserts and confections, including liquor-filled consumed throughout the country. According to the Association of Swiss Chocolate Manufacturers, Spain’s per capita chocolate consumption was around 3.2 kg annually in 2023. Furthermore, The rising trend of value-added variants, including fair-trade and organic, is anticipated to offer lucrative growth opportunities for key players to launch innovative products.

Liquor Chocolate Market: Market Share (in %), By Region, Global,  2023

Liquor Chocolate Industry Overview

The global liquor chocolate market is competitive, with several regional and global players competing for market share. The prominent players in the market include Mars Incorporated, Oy Karl Fazer Ab, Ferrero International S.A., Chocoladefabriken Lindt & Sprüngli AG, and Savencia Fromage & Dairy Suisse SA. The players are indulging in strategies, such as product launches, mergers, acquisitions, and expansions, to establish a solid consumer base and esteemed position in the market. Additionally, associating with a reputable brand enhances credibility, and customers are more likely to trust products or services endorsed. Hence, players are also involved in partnerships to gain a strong foothold in the new market and gain market shares to compete with rival firms. 

Liquor Chocolate Market Leaders

  1. Ferrero International S.A.

  2. Mars Incorporated

  3. Oy Karl Fazer Ab

  4. Chocoladefabriken Lindt & Sprüngli AG

  5. Savencia Fromage & Dairy Suisse SA

*Disclaimer: Major Players sorted in no particular order

Liquor Chocolate Market Concentration
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Liquor Chocolate Market News

  • December 2023: Lindt launched a new flavor of its famous Lindor chocolates for Christmas—Lindor Irish Cream, which contains Irish Cream liqueur and has a creamy flavor. The chocolate brand also launched new Lindor Festive Edition Milk and Assorted boxes and a newly designed Lindor Sharing tin. 
  • November 2023: Mars, Incorporated brand Ethel M launched limited-edition collections, bringing back seasonal favorites and delighting chocolate aficionados. The latest products include a Centerpiece Collection and Liqueurs, which offer diverse flavor profiles to satisfy diverse tastes and preferences.
  • November 2023: ROYCE’ Chocolate inaugurated its retail store in Oregon, located at Washington Square Mall. The company aims to feature its Nama Chocolate there.

Liquor Chocolate Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

      1. 4.1.1 Gifting Culture Elevating Liquor Confectionery Demand

      2. 4.1.2 Strategic Initiatives By Key Players

    2. 4.2 Market Restraints

      1. 4.2.1 Health Concerns Coupled With Availability Of Alternatives

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 Type

      1. 5.1.1 Bar

      2. 5.1.2 Tablets

      3. 5.1.3 Box Assortment

      4. 5.1.4 Other Types

    2. 5.2 Distribution Channel

      1. 5.2.1 Supermarket/Hypermarket

      2. 5.2.2 Specialty Stores

      3. 5.2.3 Online Retail Stores

      4. 5.2.4 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Russia

        5. Italy

        6. Spain

        7. Rest of Europe

      3. 5.3.3 Asia Pacific

        1. India

        2. China

        3. Japan

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East & Africa

        1. South Africa

        2. Saudi Arabia

        3. Rest of Middle East & Africa


    1. 6.1 Strategies Adopted by Leading Players​

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Mars, Incorporated

      2. 6.3.2 Abtey Chocolaterie

      3. 6.3.3 Savencia Fromage & Dairy Suisse SA

      4. 6.3.4 Ferrero International S.A.

      5. 6.3.5 Lotte Corporation

      6. 6.3.6 Compagnie du Bois Sauvage SA

      7. 6.3.7 Chocoladefabriken Lindt & Sprüngli AG

      8. 6.3.8 Oy Karl Fazer Ab

      9. 6.3.9 Charbonnel et Walker

      10. 6.3.10 Toms Gruppen A/S

    4. *List Not Exhaustive

**Subject to Availability
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Liquor Chocolate Industry Segmentation

Liquor chocolates are made from the nibs of cocoa beans, giving chocolate its distinctive taste and texture.

The market has been segmented by type, distribution channel, and geography. By type, the market has been segmented into bars, tablets, box assortments, and others. By distribution channels, the market has been segmented into supermarkets/hypermarkets, specialty stores, online retail stores, and other distribution channels. By geography, the study provides key insights into the major regions, including North America, Europe, Asia-Pacific, South America, and the Middle-East & Africa. 

The market sizing has been done in value terms in USD for all the abovementioned segments.

Box Assortment
Other Types
Distribution Channel
Specialty Stores
Online Retail Stores
Other Distribution Channels
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Asia Pacific
Rest of Asia-Pacific
South America
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa
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Liquor Chocolate Market Research FAQs

The Liquor Chocolate Market size is expected to reach USD 0.95 billion in 2024 and grow at a CAGR of 6.97% to reach USD 1.33 billion by 2029.

In 2024, the Liquor Chocolate Market size is expected to reach USD 0.95 billion.

Ferrero International S.A., Mars Incorporated, Oy Karl Fazer Ab, Chocoladefabriken Lindt & Sprüngli AG and Savencia Fromage & Dairy Suisse SA are the major companies operating in the Liquor Chocolate Market.

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Europe accounts for the largest market share in Liquor Chocolate Market.

In 2023, the Liquor Chocolate Market size was estimated at USD 0.88 billion. The report covers the Liquor Chocolate Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Liquor Chocolate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Liquor Chocolate Industry Report

Statistics for the 2024 Liquor Chocolate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Liquor Chocolate analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Liquor Chocolate Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)