Foodservice
Global chocolate market to reach $172.89B by 2030, fueled by AI personalization
June 2, 2025
The global chocolate market is projected to grow from approximately $130.72 billion in 2024 to $172.89 billion by 2030, expanding at a compound annual growth rate of about 4.17%, according to a research report by MarkNtel Advisors.
Key drivers include rising demand for premium and specialty chocolates, including organic, vegan and sugar-free options, particularly in developed markets, according to a press release.
A significant factor highlighted in the report is the increasing role of technological innovation, especially the integration of AI. AI is enabling hyper-personalization, allowing manufacturers like Ferrero Group, Hershey Foods and Cadbury to tailor product recommendations, flavor combinations and packaging to specific consumer segments.
"Technological innovation — particularly the integration of artificial intelligence — is reshaping the global chocolate market, setting the stage for exponential growth in both demand and value," MarkNtel Advisors stated in the release on the report. AI is also enhancing operational efficiencies in supply chain management and inventory.
