CHOCOLATE MARKET ANALYSIS

Chocolate Market, By Product Type (Milk Chocolate, Dark Chocolate, White Chocolate, Ruby Chocolate, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Retailers, Convenience Stores, Direct Sales, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

In June 2024, Nestlé unveiled a groundbreaking version of its iconic KitKat chocolate bar, made with fully traceable cocoa ingredients sourced directly from farming families that the company supports. This initiative is part of Nestlé's broader commitment to sustainability and ethical sourcing, aiming to enhance transparency in its supply chain while positively impacting cocoa farming communities.
In May 2024, Hershey India expanded its chocolate portfolio with the introduction of HERSHEY’S Choco Delights. This new product line aims to cater to the growing demand for innovative and indulgent chocolate experiences among Indian consumers, reinforcing Hershey's commitment to delivering high-quality chocolate products.
In June 2024, Nestlé launched an innovative new chocolate brand specifically designed for global travelers. This brand focuses on sustainably sourced ingredients, reflecting Nestlé's commitment to environmental responsibility and ethical sourcing practices. The initiative aims to provide travelers with delicious, high-quality chocolate that aligns with their values of sustainability and social responsibility.
In 2023, Hershey’s launch plant-based chocolate bars