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Market Research Report

Global Drinking Chocolate Market Insights, Size, and Forecast By Formulation (Organic, Conventional, Fair Trade), By Product Type (Powdered Drinking Chocolate, Liquid Drinking Chocolate, Drinking Chocolate Mix), By Distribution Channel (Online Retail, Supermarkets, Specialty Stores, Convenience Stores), By Flavor (Dark Chocolate, Milk Chocolate, White Chocolate, Spicy Chocolate), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Key Companies, Competitive Analysis, Trends, and Projections for 2026-2035

Report ID:75794
Published Date:Jan 2026
No. of Pages:229
Base Year for Estimate:2025
Format:
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Key Market Insights

Global Drinking Chocolate Market is projected to grow from USD 38.5 Billion in 2025 to USD 61.2 Billion by 2035, reflecting a compound annual growth rate of 6.2% from 2026 through 2035. The drinking chocolate market encompasses a diverse range of cocoa-based beverages consumed hot or cold, varying in intensity, sweetness, and additional flavor profiles. This market includes everything from traditional hot cocoa mixes to gourmet artisanal drinking chocolates. Key drivers propelling this growth include the escalating consumer demand for indulgence and comfort foods, particularly beverages that offer a premium experience. The increasing disposable income globally, coupled with a rising awareness of cocoa's potential health benefits when consumed in moderation, also contributes significantly. Furthermore, the expansion of cafe culture and the proliferation of specialty coffee shops offering diverse drinking chocolate options are boosting market penetration. However, the market faces restraints such as fluctuating cocoa bean prices due to climate change and geopolitical factors, which can impact production costs and retail prices. Health consciousness among consumers, leading to a reduction in sugar intake, also poses a challenge for conventional sugary drinking chocolate products.

Global Drinking Chocolate Market Value (USD Billion) Analysis, 2025-2035

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6.2%
CAGR from
2025 - 2035
Source:
www.makdatainsights.com

Important market trends shaping the drinking chocolate landscape include a strong shift towards premiumization and artisanal offerings, with consumers seeking unique flavor combinations, single-origin chocolates, and ethically sourced ingredients. There is also a growing demand for healthier alternatives, such as sugar-free, low-sugar, and dairy-free drinking chocolates, catering to various dietary preferences and restrictions. Plant-based formulations, utilizing oat, almond, or soy milk powders, are gaining considerable traction. Innovation in product packaging, convenience formats, and ready-to-drink options further underscore the dynamic nature of this market. Europe currently holds the dominant position in the global drinking chocolate market, driven by a long-standing tradition of chocolate consumption, a sophisticated cafe culture, and a strong presence of both established and artisanal chocolate manufacturers. This region benefits from a high level of consumer awareness and appreciation for quality chocolate products.

Asia Pacific is identified as the fastest growing region in the drinking chocolate market, propelled by rapid urbanization, westernization of dietary habits, and increasing disposable incomes, particularly in emerging economies. The rising number of cafes and quick-service restaurants, coupled with aggressive marketing strategies by international players, are accelerating market expansion in this region. Significant market opportunities lie in developing functional drinking chocolates infused with vitamins, proteins, or probiotics, aligning with the wellness trend. Expanding into untapped markets, particularly in developing regions with a burgeoning middle class, presents substantial growth avenues. The market is highly competitive, with key players like Valrhona, Callebaut, and Ghirardelli Chocolate Company focusing on product innovation, expanding their distribution networks, and emphasizing sustainable sourcing. Companies like Divine Chocolate highlight ethical trade practices, while TESCO focuses on private label offerings. Hotel Chocolat distinguishes itself with its luxury positioning, showcasing diverse strategies across the competitive landscape.

Quick Stats

  • Market Size (2025):

    USD 38.5 Billion

  • Projected Market Size (2035):

    USD 61.2 Billion

  • Leading Segment:

    Conventional (72.8% Share)

  • Dominant Region (2025):

    Europe (36.8% Share)

  • CAGR (2026-2035):

    6.2%

What is Drinking Chocolate?

Drinking chocolate is a beverage historically distinct from modern hot cocoa. It is a much richer, thicker, and often more bitter drink, made from ground cacao beans, water or milk, and sometimes spices like chili or vanilla. Traditionally, it was consumed by Mesoamerican civilizations for ritualistic and medicinal purposes. Unlike cocoa powder, which removes most of the cacao butter, drinking chocolate utilizes the whole bean, providing a more intense chocolate flavor and creamy texture. Its significance lies in its historical role as a sacred drink and its evolution into a luxurious treat, often enjoyed slowly to savor its complex profile. Applications range from simple enjoyment to sophisticated culinary preparations.

What are the Trends in Global Drinking Chocolate Market

  • Functional Indulgence Drinks

  • Plant Based Hot Cocoa Revolution

  • Artisanal Bean to Cup Revival

  • Sustainable Ethical Sourcing Focus

Functional Indulgence Drinks

Consumers seek drinking chocolate offering both pleasure and a benefit. These beverages blend rich flavors with functional ingredients like adaptogens, collagen, or probiotics. They are positioned as healthier treats or daily wellness boosters, justifying premium prices. This trend caters to desires for mindful enjoyment and holistic wellbeing within the indulgence category.

Plant Based Hot Cocoa Revolution

Consumers are increasingly seeking dairy free and allergen friendly alternatives, fueling a significant shift towards plant based hot cocoa. Innovation in oat, almond, and coconut milk formulations combined with enhanced flavor profiles is driving this revolution. Brands are responding with diverse vegan options, making luxurious and ethical drinking chocolate accessible to a wider audience globally.

Artisanal Bean to Cup Revival

Consumers are rediscovering drinking chocolate's rich heritage, shifting from instant mixes to high quality, ethically sourced beans. This revival emphasizes artisanal preparation, slow melting techniques, and single origin varieties, valuing complex flavor profiles over convenience. It mirrors specialty coffee's journey, focusing on craft, transparency, and a premium, mindful drinking experience, elevating hot chocolate to a gourmet beverage.

Sustainable Ethical Sourcing Focus

Consumers increasingly demand transparency in drinking chocolate sourcing. This trend emphasizes fair labor practices, environmental protection, and traceable ingredients from cocoa farms to finished products. Brands are adopting certifications and direct trade models to meet this demand, ensuring ethical production and minimizing ecological footprints. This focus builds consumer trust and differentiates products in a competitive market.

What are the Key Drivers Shaping the Global Drinking Chocolate Market

  • Rising Consumer Demand for Indulgent Hot Beverages

  • Product Innovation and Premiumization Strategies

  • Expansion of Distribution Channels and Accessibility

  • Growing Popularity of Chocolate-Based Products

Rising Consumer Demand for Indulgent Hot Beverages

Consumers increasingly seek premium, comforting hot beverages offering sensory pleasure and a treat-like experience. This desire for indulgence fuels the demand for high-quality drinking chocolate. Brands are innovating with sophisticated flavors, luxurious textures, and convenient formats to cater to this growing appetite for an elevated, enjoyable beverage moment at home and in cafes.

Product Innovation and Premiumization Strategies

Companies are continually introducing new flavors, textures, and functional ingredients to drinking chocolate. This innovation caters to diverse consumer preferences, offering elevated experiences and premium options. Strategic ingredient sourcing, unique formulations, and sophisticated packaging justify higher price points, driving revenue growth and attracting discerning consumers seeking novel, high quality chocolate beverages.

Expansion of Distribution Channels and Accessibility

Expanding retail presence and online platforms makes drinking chocolate readily available to more consumers. This includes new supermarket placements, convenience stores stocking diverse brands, and e-commerce websites offering a wider selection. Improved accessibility via cafes and foodservice channels also encourages impulse purchases and introduces the product to new demographics, collectively boosting market reach and consumption across various consumer touchpoints.

Growing Popularity of Chocolate-Based Products

Chocolate based products are increasingly sought after by consumers globally. This surging demand extends to various forms including beverages like drinking chocolate. As more people discover and enjoy chocolate's rich flavor and versatility, its presence in liquid formats grows. This expanding consumer base, driven by widespread appeal, significantly fuels the drinking chocolate market's expansion, attracting new demographics and increasing consumption frequency.

Global Drinking Chocolate Market Restraints

Volatile Cocoa Prices Impacting Profitability and Investment

Fluctuating cocoa prices are a significant restraint. Unpredictable swings in this key raw material's cost directly erode profit margins for drinking chocolate manufacturers. This volatility makes long term financial planning difficult and discourages substantial investment in product development, capacity expansion, and market penetration strategies. Businesses face constant pressure to absorb rising costs or pass them to consumers, potentially impacting demand and overall market growth.

Intensifying Competition from Established and Niche Beverage Players

Global drinking chocolate faces intense competition. Established beverage giants with vast distribution and marketing power dominate the market. Simultaneously, numerous niche players are emerging, offering innovative flavors, premium ingredients, and specialized dietary options. These focused entrants cater to specific consumer preferences like organic, vegan, or fair trade, fragmenting the market further. This dual pressure from both large, well-funded companies and agile, specialized brands creates a challenging environment for growth and market share for all participants.

Global Drinking Chocolate Market Opportunities

The Premiumization of Functional & Ready-to-Drink Drinking Chocolate

An opportunity lies in offering high quality, health beneficial, and convenient drinking chocolate. Premiumization means using superior ingredients and sophisticated flavors. Functionality adds health advantages, like protein, adaptogens, or vitamins, appealing to wellness conscious consumers. Ready to drink formats provide unparalleled convenience for busy lifestyles. This convergence allows brands to create indulgent yet guilt free beverages. It meets rising consumer demand for premium experiences combined with health oriented solutions in an easy to consume format. This niche caters to those desiring both luxury and wellbeing from their daily treats.

Leveraging Ethical Sourcing and Craftsmanship for Artisanal Drinking Chocolate Experiences

Global consumers increasingly demand premium, authentic experiences. Ethical sourcing of cocoa beans ensures transparency and supports sustainable practices, appealing strongly to conscientious buyers. Craftsmanship elevates drinking chocolate into a luxurious, truly artisanal product, highlighting unique flavor profiles and traditional preparation methods. This combination creates a high value niche for brands to offer distinctive drinking chocolate experiences, especially within growing markets. It allows for compelling storytelling around origin and careful production, fostering deeper connections with discerning consumers willing to pay more for quality and integrity.

Global Drinking Chocolate Market Segmentation Analysis

Key Market Segments

By Product Type

  • •Powdered Drinking Chocolate
  • •Liquid Drinking Chocolate
  • •Drinking Chocolate Mix

By Formulation

  • •Organic
  • •Conventional
  • •Fair Trade

By Flavor

  • •Dark Chocolate
  • •Milk Chocolate
  • •White Chocolate
  • •Spicy Chocolate

By Distribution Channel

  • •Online Retail
  • •Supermarkets
  • •Specialty Stores
  • •Convenience Stores

Segment Share By Product Type

Share, By Product Type, 2025 (%)

  • Powdered Drinking Chocolate
  • Drinking Chocolate Mix
  • Liquid Drinking Chocolate
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$38.5BGlobal Market Size, 2025
Source:
www.makdatainsights.com

Why is Conventional formulation dominating the Global Drinking Chocolate Market?

Conventional drinking chocolate commands the largest share, primarily due to its extensive accessibility and attractive price points. Its widespread availability across major distribution channels such as supermarkets and convenience stores makes it the most readily purchased option for the majority of consumers. Established brands and familiar tastes further reinforce consumer preference for these traditionally produced varieties over newer or niche alternatives.

What factors drive the prominence of Powdered Drinking Chocolate as a product type?

Powdered Drinking Chocolate likely holds the largest market share due to its convenience, longer shelf life, and customization options. Consumers appreciate the ability to adjust sweetness and richness to their preference, making it a versatile household staple. Its ease of storage and cost effectiveness compared to pre made liquid formats contribute significantly to its widespread adoption and dominance in the global market.

How do flavor preferences influence segment contributions in the drinking chocolate market?

Flavor preferences significantly shape segment contributions, with Milk Chocolate and Dark Chocolate typically leading sales. Milk Chocolate appeals to a broad consumer base due to its sweeter, milder profile, while Dark Chocolate caters to connoisseurs seeking richer, more intense experiences. White Chocolate and Spicy Chocolate represent niche but growing segments, reflecting evolving consumer tastes and a desire for diverse flavor profiles.

What Regulatory and Policy Factors Shape the Global Drinking Chocolate Market

The global drinking chocolate market navigates complex food safety and labeling regulations across diverse jurisdictions. Strict adherence to HACCP, GMP, and allergen declarations is paramount. Nutritional labeling requirements, especially concerning sugar content and artificial additives, are tightening globally. Health claims face rigorous scrutiny. Sustainable sourcing and fair trade certifications are increasingly mandated by consumers and some governments, impacting supply chains. Import and export policies, including tariffs and quality controls, influence market access. Efforts towards sugar reduction and sustainable packaging are emerging as critical policy drivers, pushing product reformulation and eco friendly material adoption to meet evolving consumer and regulatory expectations worldwide.

What New Technologies are Shaping Global Drinking Chocolate Market?

Innovations in drinking chocolate focus on health and sustainability. Emerging plant based options like oat and almond milk varieties are expanding choices, alongside functional ingredients such as added proteins or adaptogens for wellness benefits. Brands are exploring low sugar formulations using natural sweeteners, meeting consumer demand for healthier indulgence. Sustainable sourcing and transparent supply chains, often enhanced by blockchain, are crucial for ethical consumption. Packaging advancements include biodegradable materials and convenient single serve formats. Personalized beverage systems allow consumers to craft bespoke drinks at home, while exotic flavor profiles and single origin chocolates elevate the gourmet experience. Ready to drink formats cater to on the go lifestyles.

Global Drinking Chocolate Market Regional Analysis

Global Drinking Chocolate Market

Trends, by Region

Largest Market
Fastest Growing Market
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36.8%

Europe Market
Revenue Share, 2025

Source:
www.makdatainsights.com

North America, particularly the US and Canada, holds a significant share in the global drinking chocolate market. Driven by high disposable incomes and a strong coffee culture, demand for premium and artisanal drinking chocolate is soaring. Health-conscious consumers are fueling the growth of organic, low-sugar, and plant-based options. Seasonal promotions, especially during colder months and holidays, significantly boost sales. Innovation in flavors, single-serve packaging, and convenient preparation methods cater to busy lifestyles. Major players leverage strong distribution networks and e-commerce to reach a wide consumer base. The region is a key trendsetter, influencing global market developments.

Europe dominates the global drinking chocolate market, holding a substantial 36.8% share. This region's strong presence is driven by a rich tradition of hot chocolate consumption, particularly in countries like Switzerland, Belgium, and France, where it's deeply embedded in café culture and daily life. Consumer preference for premium, high-quality ingredients, coupled with the widespread availability of diverse drinking chocolate products—from instant mixes to gourmet options—further solidifies its leading position. Innovation in flavors and sustainable sourcing also contributes to its market strength.

The Asia Pacific drinking chocolate market is witnessing robust expansion, projected to be the fastest-growing region with a remarkable 9.2% CAGR. This surge is fueled by increasing disposable incomes, evolving consumer preferences towards convenient and indulgent beverages, and a growing awareness of premium chocolate brands. Key drivers include a burgeoning young population eager for new tastes and rapid urbanization across developing economies like India and China. Local manufacturers are innovating with traditional flavors and healthier formulations, while international brands expand their presence, intensifying competition and accelerating market growth across diverse consumer segments.

Latin America's drinking chocolate market booms, driven by rich cacao heritage and evolving consumer preferences. Brazil leads, with its "achocolatado" deeply embedded in culture. Mexico's traditional champurrado and frothy chocolate drinks fuel demand, particularly around holidays. Argentina and Colombia showcase growing interest in premium, high-cacao content options, often ethically sourced. Bean-to-bar movements and artisanal producers are gaining traction, appealing to health-conscious consumers and those seeking unique flavor profiles. E-commerce platforms facilitate wider access, while cafes and hospitality sectors continue to be key consumption points, cementing Latin America's strong regional presence and future growth potential in the global drinking chocolate market.

Middle East & Africa's drinking chocolate market is witnessing robust growth, driven by increasing disposable incomes and a rising young population with changing taste preferences. Saudi Arabia and UAE lead the region, exhibiting strong demand for premium and flavored varieties. Health and wellness trends are shaping product innovation, with an emphasis on low-sugar and functional ingredients. Local manufacturers are emerging, offering traditional and regional flavor profiles, while international players focus on expanding distribution networks. Economic diversification initiatives and urbanization further contribute to market expansion across key African markets like South Africa and Nigeria, with hot chocolate being a popular comfort beverage.

Top Countries Overview

The United States significantly influences the global drinking chocolate market. Consumers increasingly seek premium and ethical options. Health and wellness trends drive demand for lower sugar and plant based varieties. Specialty producers and large manufacturers compete for market share, innovation being key.

China is a growing market for premium drinking chocolate. Rising disposable incomes and Westernization drive demand. Local producers face competition from established international brands. Sustainability and unique flavor profiles offer significant opportunities for market penetration and growth.

India's nascent global drinking chocolate market is expanding. Local brands compete with imports offering diverse flavors and quality. Health consciousness drives demand for organic and low sugar options. Premiumization and unique formulations attract discerning consumers, positioning India as a dynamic player in this evolving sector.

Impact of Geopolitical and Macroeconomic Factors

Geopolitical shifts influence cocoa supply chains and consumer demand. Political instability in West Africa impacts bean availability and pricing. Trade policies, tariffs, and diplomatic relations affect import/export dynamics for chocolate products. Shifting global power balances could alter preferential trade agreements benefiting certain regions or manufacturers. Regulatory frameworks concerning food safety and sustainability also vary across nations, posing compliance challenges.

Macroeconomic factors like inflation and recessionary pressures impact consumer purchasing power for discretionary items like drinking chocolate. Exchange rate fluctuations affect import costs for raw materials like cocoa and sugar. Commodity price volatility, particularly for cocoa beans, directly impacts production costs. Economic growth in developing regions can unlock new consumer bases, while slowing growth elsewhere could dampen demand.

Recent Developments

  • January 2025

    Valrhona announced a strategic partnership with a leading global coffee chain to expand its ready-to-drink premium hot chocolate offerings in cafes worldwide. This collaboration aims to tap into the growing demand for high-quality, convenient hot beverage options outside the home.

  • March 2025

    Callebaut launched a new range of 'single-origin' drinking chocolates, highlighting beans sourced from specific regions known for their unique flavor profiles. This product line caters to sophisticated consumers seeking authentic and distinct chocolate experiences, akin to the craft coffee movement.

  • May 2025

    Divine Chocolate unveiled a new limited-edition vegan drinking chocolate range, using oat milk powder as a base, to cater to the increasing plant-based consumer market. This initiative reinforces their commitment to ethical sourcing and sustainable product development, while expanding their consumer base.

  • July 2025

    Hotel Chocolat acquired a small, artisanal drinking chocolate brand known for its unique flavor infusions and sustainable practices. This acquisition allows Hotel Chocolat to diversify its product portfolio with innovative offerings and further strengthen its position in the premium segment.

  • September 2025

    TESCO implemented a strategic initiative to re-brand and expand its private-label drinking chocolate offerings, focusing on improved quality and sustainable packaging. This move aims to capture a larger share of the value-conscious market while aligning with evolving consumer preferences for eco-friendly products.

Key Players Analysis

The global drinking chocolate market is driven by key players adopting diverse strategies. Valrhona and Callebaut lead in premium quality couverture and ingredient supply, emphasizing taste and artisan appeal. Ghirardelli and Droste Cocoa focus on established brand recognition and wide consumer accessibility with traditional powder mixes. Divine Chocolate highlights ethical sourcing and fair trade practices, resonating with conscious consumers. TESCO leverages its retail presence for own brand offerings and private label partnerships, emphasizing affordability and convenience. Hotel Chocolat targets the luxury segment with sophisticated flavor profiles and giftable formats. Rogue Chocolatier emphasizes small batch, bean to bar craftsmanship for a niche market. Domaine de la Baume and Marabou contribute regionally, adapting to local preferences and distribution channels. Strategic initiatives across these companies include product innovation with new flavors, sustainable sourcing, and expanding online sales channels, all contributing to market growth by enhancing product variety and consumer reach.

List of Key Companies:

  1. Valrhona
  2. Callebaut
  3. Domaine de la Baume
  4. Marabou
  5. Divine Chocolate
  6. TESCO
  7. Droste Cocoa
  8. Rogue Chocolatier
  9. Ghirardelli Chocolate Company
  10. Hotel Chocolat
  11. Cocoa Columbus
  12. Nestle
  13. Mast Brothers
  14. Toblerone
  15. Green & Black's

Report Scope and Segmentation

Report ComponentDescription
Market Size (2025)USD 38.5 Billion
Forecast Value (2035)USD 61.2 Billion
CAGR (2026-2035)6.2%
Base Year2025
Historical Period2020-2025
Forecast Period2026-2035
Segments Covered
  • By Product Type:
    • •Powdered Drinking Chocolate
    • •Liquid Drinking Chocolate
    • •Drinking Chocolate Mix
  • By Formulation:
    • •Organic
    • •Conventional
    • •Fair Trade
  • By Flavor:
    • •Dark Chocolate
    • •Milk Chocolate
    • •White Chocolate
    • •Spicy Chocolate
  • By Distribution Channel:
    • •Online Retail
    • •Supermarkets
    • •Specialty Stores
    • •Convenience Stores
Regional Analysis
  • North America
  • • United States
  • • Canada
  • Europe
  • • Germany
  • • France
  • • United Kingdom
  • • Spain
  • • Italy
  • • Russia
  • • Rest of Europe
  • Asia-Pacific
  • • China
  • • India
  • • Japan
  • • South Korea
  • • New Zealand
  • • Singapore
  • • Vietnam
  • • Indonesia
  • • Rest of Asia-Pacific
  • Latin America
  • • Brazil
  • • Mexico
  • • Rest of Latin America
  • Middle East and Africa
  • • South Africa
  • • Saudi Arabia
  • • UAE
  • • Rest of Middle East and Africa

Table of Contents:

1. Introduction
1.1. Objectives of Research
1.2. Market Definition
1.3. Market Scope
1.4. Research Methodology
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Market Factor Analysis
4.1. Porter's Five Forces Model Analysis
4.1.1. Rivalry among Existing Competitors
4.1.2. Bargaining Power of Buyers
4.1.3. Bargaining Power of Suppliers
4.1.4. Threat of Substitute Products or Services
4.1.5. Threat of New Entrants
4.2. PESTEL Analysis
4.2.1. Political Factors
4.2.2. Economic & Social Factors
4.2.3. Technological Factors
4.2.4. Environmental Factors
4.2.5. Legal Factors
4.3. Supply and Value Chain Assessment
4.4. Regulatory and Policy Environment Review
4.5. Market Investment Attractiveness Index
4.6. Technological Innovation and Advancement Review
4.7. Impact of Geopolitical and Macroeconomic Factors
4.8. Trade Dynamics: Import-Export Assessment (Where Applicable)
5. Global Drinking Chocolate Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
5.1. Market Analysis, Insights and Forecast, 2020-2035, By Product Type
5.1.1. Powdered Drinking Chocolate
5.1.2. Liquid Drinking Chocolate
5.1.3. Drinking Chocolate Mix
5.2. Market Analysis, Insights and Forecast, 2020-2035, By Formulation
5.2.1. Organic
5.2.2. Conventional
5.2.3. Fair Trade
5.3. Market Analysis, Insights and Forecast, 2020-2035, By Flavor
5.3.1. Dark Chocolate
5.3.2. Milk Chocolate
5.3.3. White Chocolate
5.3.4. Spicy Chocolate
5.4. Market Analysis, Insights and Forecast, 2020-2035, By Distribution Channel
5.4.1. Online Retail
5.4.2. Supermarkets
5.4.3. Specialty Stores
5.4.4. Convenience Stores
5.5. Market Analysis, Insights and Forecast, 2020-2035, By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia-Pacific
5.5.4. Latin America
5.5.5. Middle East and Africa
6. North America Drinking Chocolate Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
6.1. Market Analysis, Insights and Forecast, 2020-2035, By Product Type
6.1.1. Powdered Drinking Chocolate
6.1.2. Liquid Drinking Chocolate
6.1.3. Drinking Chocolate Mix
6.2. Market Analysis, Insights and Forecast, 2020-2035, By Formulation
6.2.1. Organic
6.2.2. Conventional
6.2.3. Fair Trade
6.3. Market Analysis, Insights and Forecast, 2020-2035, By Flavor
6.3.1. Dark Chocolate
6.3.2. Milk Chocolate
6.3.3. White Chocolate
6.3.4. Spicy Chocolate
6.4. Market Analysis, Insights and Forecast, 2020-2035, By Distribution Channel
6.4.1. Online Retail
6.4.2. Supermarkets
6.4.3. Specialty Stores
6.4.4. Convenience Stores
6.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
6.5.1. United States
6.5.2. Canada
7. Europe Drinking Chocolate Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
7.1. Market Analysis, Insights and Forecast, 2020-2035, By Product Type
7.1.1. Powdered Drinking Chocolate
7.1.2. Liquid Drinking Chocolate
7.1.3. Drinking Chocolate Mix
7.2. Market Analysis, Insights and Forecast, 2020-2035, By Formulation
7.2.1. Organic
7.2.2. Conventional
7.2.3. Fair Trade
7.3. Market Analysis, Insights and Forecast, 2020-2035, By Flavor
7.3.1. Dark Chocolate
7.3.2. Milk Chocolate
7.3.3. White Chocolate
7.3.4. Spicy Chocolate
7.4. Market Analysis, Insights and Forecast, 2020-2035, By Distribution Channel
7.4.1. Online Retail
7.4.2. Supermarkets
7.4.3. Specialty Stores
7.4.4. Convenience Stores
7.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
7.5.1. Germany
7.5.2. France
7.5.3. United Kingdom
7.5.4. Spain
7.5.5. Italy
7.5.6. Russia
7.5.7. Rest of Europe
8. Asia-Pacific Drinking Chocolate Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
8.1. Market Analysis, Insights and Forecast, 2020-2035, By Product Type
8.1.1. Powdered Drinking Chocolate
8.1.2. Liquid Drinking Chocolate
8.1.3. Drinking Chocolate Mix
8.2. Market Analysis, Insights and Forecast, 2020-2035, By Formulation
8.2.1. Organic
8.2.2. Conventional
8.2.3. Fair Trade
8.3. Market Analysis, Insights and Forecast, 2020-2035, By Flavor
8.3.1. Dark Chocolate
8.3.2. Milk Chocolate
8.3.3. White Chocolate
8.3.4. Spicy Chocolate
8.4. Market Analysis, Insights and Forecast, 2020-2035, By Distribution Channel
8.4.1. Online Retail
8.4.2. Supermarkets
8.4.3. Specialty Stores
8.4.4. Convenience Stores
8.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
8.5.1. China
8.5.2. India
8.5.3. Japan
8.5.4. South Korea
8.5.5. New Zealand
8.5.6. Singapore
8.5.7. Vietnam
8.5.8. Indonesia
8.5.9. Rest of Asia-Pacific
9. Latin America Drinking Chocolate Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
9.1. Market Analysis, Insights and Forecast, 2020-2035, By Product Type
9.1.1. Powdered Drinking Chocolate
9.1.2. Liquid Drinking Chocolate
9.1.3. Drinking Chocolate Mix
9.2. Market Analysis, Insights and Forecast, 2020-2035, By Formulation
9.2.1. Organic
9.2.2. Conventional
9.2.3. Fair Trade
9.3. Market Analysis, Insights and Forecast, 2020-2035, By Flavor
9.3.1. Dark Chocolate
9.3.2. Milk Chocolate
9.3.3. White Chocolate
9.3.4. Spicy Chocolate
9.4. Market Analysis, Insights and Forecast, 2020-2035, By Distribution Channel
9.4.1. Online Retail
9.4.2. Supermarkets
9.4.3. Specialty Stores
9.4.4. Convenience Stores
9.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
9.5.1. Brazil
9.5.2. Mexico
9.5.3. Rest of Latin America
10. Middle East and Africa Drinking Chocolate Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
10.1. Market Analysis, Insights and Forecast, 2020-2035, By Product Type
10.1.1. Powdered Drinking Chocolate
10.1.2. Liquid Drinking Chocolate
10.1.3. Drinking Chocolate Mix
10.2. Market Analysis, Insights and Forecast, 2020-2035, By Formulation
10.2.1. Organic
10.2.2. Conventional
10.2.3. Fair Trade
10.3. Market Analysis, Insights and Forecast, 2020-2035, By Flavor
10.3.1. Dark Chocolate
10.3.2. Milk Chocolate
10.3.3. White Chocolate
10.3.4. Spicy Chocolate
10.4. Market Analysis, Insights and Forecast, 2020-2035, By Distribution Channel
10.4.1. Online Retail
10.4.2. Supermarkets
10.4.3. Specialty Stores
10.4.4. Convenience Stores
10.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
10.5.1. South Africa
10.5.2. Saudi Arabia
10.5.3. UAE
10.5.4. Rest of Middle East and Africa
11. Competitive Analysis and Company Profiles
11.1. Market Share of Key Players
11.1.1. Global Company Market Share
11.1.2. Regional/Sub-Regional Company Market Share
11.2. Company Profiles
11.2.1. Valrhona
11.2.1.1. Business Overview
11.2.1.2. Products Offering
11.2.1.3. Financial Insights (Based on Availability)
11.2.1.4. Company Market Share Analysis
11.2.1.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.1.6. Strategy
11.2.1.7. SWOT Analysis
11.2.2. Callebaut
11.2.2.1. Business Overview
11.2.2.2. Products Offering
11.2.2.3. Financial Insights (Based on Availability)
11.2.2.4. Company Market Share Analysis
11.2.2.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.2.6. Strategy
11.2.2.7. SWOT Analysis
11.2.3. Domaine de la Baume
11.2.3.1. Business Overview
11.2.3.2. Products Offering
11.2.3.3. Financial Insights (Based on Availability)
11.2.3.4. Company Market Share Analysis
11.2.3.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.3.6. Strategy
11.2.3.7. SWOT Analysis
11.2.4. Marabou
11.2.4.1. Business Overview
11.2.4.2. Products Offering
11.2.4.3. Financial Insights (Based on Availability)
11.2.4.4. Company Market Share Analysis
11.2.4.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.4.6. Strategy
11.2.4.7. SWOT Analysis
11.2.5. Divine Chocolate
11.2.5.1. Business Overview
11.2.5.2. Products Offering
11.2.5.3. Financial Insights (Based on Availability)
11.2.5.4. Company Market Share Analysis
11.2.5.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.5.6. Strategy
11.2.5.7. SWOT Analysis
11.2.6. TESCO
11.2.6.1. Business Overview
11.2.6.2. Products Offering
11.2.6.3. Financial Insights (Based on Availability)
11.2.6.4. Company Market Share Analysis
11.2.6.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.6.6. Strategy
11.2.6.7. SWOT Analysis
11.2.7. Droste Cocoa
11.2.7.1. Business Overview
11.2.7.2. Products Offering
11.2.7.3. Financial Insights (Based on Availability)
11.2.7.4. Company Market Share Analysis
11.2.7.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.7.6. Strategy
11.2.7.7. SWOT Analysis
11.2.8. Rogue Chocolatier
11.2.8.1. Business Overview
11.2.8.2. Products Offering
11.2.8.3. Financial Insights (Based on Availability)
11.2.8.4. Company Market Share Analysis
11.2.8.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.8.6. Strategy
11.2.8.7. SWOT Analysis
11.2.9. Ghirardelli Chocolate Company
11.2.9.1. Business Overview
11.2.9.2. Products Offering
11.2.9.3. Financial Insights (Based on Availability)
11.2.9.4. Company Market Share Analysis
11.2.9.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.9.6. Strategy
11.2.9.7. SWOT Analysis
11.2.10. Hotel Chocolat
11.2.10.1. Business Overview
11.2.10.2. Products Offering
11.2.10.3. Financial Insights (Based on Availability)
11.2.10.4. Company Market Share Analysis
11.2.10.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.10.6. Strategy
11.2.10.7. SWOT Analysis
11.2.11. Cocoa Columbus
11.2.11.1. Business Overview
11.2.11.2. Products Offering
11.2.11.3. Financial Insights (Based on Availability)
11.2.11.4. Company Market Share Analysis
11.2.11.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.11.6. Strategy
11.2.11.7. SWOT Analysis
11.2.12. Nestle
11.2.12.1. Business Overview
11.2.12.2. Products Offering
11.2.12.3. Financial Insights (Based on Availability)
11.2.12.4. Company Market Share Analysis
11.2.12.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.12.6. Strategy
11.2.12.7. SWOT Analysis
11.2.13. Mast Brothers
11.2.13.1. Business Overview
11.2.13.2. Products Offering
11.2.13.3. Financial Insights (Based on Availability)
11.2.13.4. Company Market Share Analysis
11.2.13.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.13.6. Strategy
11.2.13.7. SWOT Analysis
11.2.14. Toblerone
11.2.14.1. Business Overview
11.2.14.2. Products Offering
11.2.14.3. Financial Insights (Based on Availability)
11.2.14.4. Company Market Share Analysis
11.2.14.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.14.6. Strategy
11.2.14.7. SWOT Analysis
11.2.15. Green & Black's
11.2.15.1. Business Overview
11.2.15.2. Products Offering
11.2.15.3. Financial Insights (Based on Availability)
11.2.15.4. Company Market Share Analysis
11.2.15.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.15.6. Strategy
11.2.15.7. SWOT Analysis

List of Figures

List of Tables

Table 1: Global Drinking Chocolate Market Revenue (USD billion) Forecast, by Product Type, 2020-2035

Table 2: Global Drinking Chocolate Market Revenue (USD billion) Forecast, by Formulation, 2020-2035

Table 3: Global Drinking Chocolate Market Revenue (USD billion) Forecast, by Flavor, 2020-2035

Table 4: Global Drinking Chocolate Market Revenue (USD billion) Forecast, by Distribution Channel, 2020-2035

Table 5: Global Drinking Chocolate Market Revenue (USD billion) Forecast, by Region, 2020-2035

Table 6: North America Drinking Chocolate Market Revenue (USD billion) Forecast, by Product Type, 2020-2035

Table 7: North America Drinking Chocolate Market Revenue (USD billion) Forecast, by Formulation, 2020-2035

Table 8: North America Drinking Chocolate Market Revenue (USD billion) Forecast, by Flavor, 2020-2035

Table 9: North America Drinking Chocolate Market Revenue (USD billion) Forecast, by Distribution Channel, 2020-2035

Table 10: North America Drinking Chocolate Market Revenue (USD billion) Forecast, by Country, 2020-2035

Table 11: Europe Drinking Chocolate Market Revenue (USD billion) Forecast, by Product Type, 2020-2035

Table 12: Europe Drinking Chocolate Market Revenue (USD billion) Forecast, by Formulation, 2020-2035

Table 13: Europe Drinking Chocolate Market Revenue (USD billion) Forecast, by Flavor, 2020-2035

Table 14: Europe Drinking Chocolate Market Revenue (USD billion) Forecast, by Distribution Channel, 2020-2035

Table 15: Europe Drinking Chocolate Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

Table 16: Asia Pacific Drinking Chocolate Market Revenue (USD billion) Forecast, by Product Type, 2020-2035

Table 17: Asia Pacific Drinking Chocolate Market Revenue (USD billion) Forecast, by Formulation, 2020-2035

Table 18: Asia Pacific Drinking Chocolate Market Revenue (USD billion) Forecast, by Flavor, 2020-2035

Table 19: Asia Pacific Drinking Chocolate Market Revenue (USD billion) Forecast, by Distribution Channel, 2020-2035

Table 20: Asia Pacific Drinking Chocolate Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

Table 21: Latin America Drinking Chocolate Market Revenue (USD billion) Forecast, by Product Type, 2020-2035

Table 22: Latin America Drinking Chocolate Market Revenue (USD billion) Forecast, by Formulation, 2020-2035

Table 23: Latin America Drinking Chocolate Market Revenue (USD billion) Forecast, by Flavor, 2020-2035

Table 24: Latin America Drinking Chocolate Market Revenue (USD billion) Forecast, by Distribution Channel, 2020-2035

Table 25: Latin America Drinking Chocolate Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

Table 26: Middle East & Africa Drinking Chocolate Market Revenue (USD billion) Forecast, by Product Type, 2020-2035

Table 27: Middle East & Africa Drinking Chocolate Market Revenue (USD billion) Forecast, by Formulation, 2020-2035

Table 28: Middle East & Africa Drinking Chocolate Market Revenue (USD billion) Forecast, by Flavor, 2020-2035

Table 29: Middle East & Africa Drinking Chocolate Market Revenue (USD billion) Forecast, by Distribution Channel, 2020-2035

Table 30: Middle East & Africa Drinking Chocolate Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

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