Sial Shenzhen reports that the global dark chocolate market size was $42.31 billion in 2021 and is expected to reach $79.41 billion by 2031, with a compound annual growth rate (CAGR) of 6.2% during the forecast period.

Dark chocolate is a delicacy widely appreciated for its rich flavor and potential health benefits. It is made from the seeds of the cacao tree through a complex process of fermentation, drying, roasting, and grinding. What sets dark chocolate apart from other chocolate products is its higher percentage of cocoa solids and lower sugar content. Typically, dark chocolate contains at least 70% cocoa solids, with some varieties reaching 90% or more.

In recent years, the dark chocolate market has experienced significant growth driven by consumers' increasing preference for healthier and more flavorful food options. Dark chocolate, made from cacao beans, has a higher content of cocoa solids compared to other types of chocolate, such as milk chocolate. It is renowned for its rich flavor and potential health benefits due to its higher antioxidant content and lower sugar levels.

During the COVID-19 pandemic, the demand for dark chocolate exceeded pre-pandemic levels across all regions. Sial Shenzhen points out that the sudden rise in CAGR is attributed to the growth of the market and the return to pre-pandemic levels。. The pandemic had both positive and negative impacts on dark chocolate. The increased focus on health and wellness during the pandemic led to a greater interest in dark chocolate as a healthier indulgence. Consumers sought products with higher cocoa content and lower sugar, increasing the demand for dark chocolate.

With growing awareness of the health benefits associated with dark chocolate consumption, the North American dark chocolate market is steadily growing. Sial Shenzhen notes that North American consumers are becoming more health-conscious and actively seek healthier indulgence options. Dark chocolate, with its higher cocoa content and lower sugar levels compared to milk chocolate, is seen as a better choice for those looking to satisfy their sweet cravings without compromising their health goals. Additionally, there is a strong demand in the region for organic, fair trade, and sustainably sourced dark chocolate. Consumers are not only concerned about the health impact of their food choices but also the environmental and welfare impacts on cocoa farmers. They are willing to pay a premium for dark chocolate products made from organic cocoa beans and sourced through fair trade practices. This trend is driving the development of brands that prioritize sustainability and ethical sourcing, providing consumers with options that align with their values.