Global Dark Chocolate Sauce Market- Market Overview:

The global Dark Chocolate Sauce market is expected to grow from USD 45.08 billion in 2021 to USD 61.51 billion by 2029, at a CAGR of 4.1% during the Projection period 2022-2029. The growth of this market is mainly driven by an upsurge in penetration of the retail industry and increasing demand for the dark chocolate sauce in the food and beverages industry.

Dark chocolate is usually bitter and less sweet than milk chocolate, with a chalky texture. However, dark chocolate sauce is a thick, smooth sauce, often used as a topping for desserts, including ice creams, pastries, and cakes.  It is made of ingredients including cocoa powder along with sweeteners, chocolate liquor, water, and others. Different ingredients are used for the different characteristics of the dark chocolate sauce. For instance, the water is used to loosen up the cocoa, sugar, and cornstarch into a sauce, while butter adds flavor and creates a silky texture. In addition, vanilla is also sometimes used in dark chocolate sauce to sweeten and deepen the chocolate flavor.

Request Sample: - Global Dark Chocolate Sauce Market

Market Dynamics:

Drivers:                          

• Increasing use of dark chocolate sauce to decorate cakes or cupcakes

There is an increasing trend of using the dark chocolate sauce to drizzle on cake. In addition, the dark chocolate sauce is being used as a flavor enhancer or topping in cakes and cupcakes.  Hence, the huge popularity of celebrating different types of success and special occasions through cake cutting has boosted demand for dark chocolate sauce.

In addition, there is an upsurge in demand for cupcakes as desserts post meals during weekend parties and dine-out among Generation Z consumers and millennials. This has further fueled demand for cupcakes, driving the growth of the dark chocolate sauce market.    

• Increasing demand for desserts

Developed as well as developing countries across the globe are seeing demand for ice cream and frozen desserts. For instance, according to the March 2022 report from Callebaut, the chocolate manufacturer, about 45% of consumers typically orders desserts when eating out. Also, the study has indicated that chocolate flavor is preferred by more than 45% of people surveyed.

However, the need for decoration, garnishing and the addition of some special ingredients in the desserts fuels the usage of dark chocolate sauce. This sauce helps in making dessert look more appealing and also makes it taste better.

Restraints:

• High cost and side effects of Dark Chocolate

Dark chocolate comprises considerably higher Cacao content. This Cacao content is expensive, which makes dark chocolates costlier.  On the other hand, the quantity of about 30-60 grams of dark chocolate per day is recommended to be healthy. However, its excessive consumption may lead to increased caffeine levels in the blood, which causes increased heart rate, dehydration, nausea, and insomnia. Hence, dark chocolate's high cost and side effects may hamper the market's growth to some extent during the Projection period.

Opportunities:

• Health benefits of dark chocolate

Lifestyle disorders, including diabetes and obesity among the worldwide population, have led to numerous health issues, such as heart ailments, respiratory disorders, and anxiety.  However, there is an increased consumer awareness regarding a healthy lifestyle. This has boosted the demand for healthier food products that contain low sugar levels or calories. This has led to the consumption of dark chocolate sauce due to its health benefits.

For instance, dark chocolate contains zinc, iron, copper, magnesium, and phosphorus minerals. These are the essential minerals for the body that support immunity, help keep teeth and bones healthy, and allow better sleep quality.  Rising awareness about such health benefits of dark chocolate is projected to create lucrative growth opportunities for the dark chocolate sauce market.

Challenges

• Supply chain disruptions due to fluctuations in the availability of raw material

Availability and price of raw materials are crucial factors impacting on the price of the end products. In the global dark chocolate sauce market, Cocoa is the key ingredient. Hence, fluctuations in the availability of Cocoa beans impact the market. For instance, a severe drought in 2021 affected cocoa bean production in West Africa’s Ivory Coast, the world’s largest exporter of cocoa beans.

Such fluctuations in the availability of raw materials affect dark chocolate sauce prices, thus, posing a significant challenge to the market players.

Segmentation Analysis:

The global dark chocolate sauce market has been segmented based on packaging type, distribution channel, and region.

By Packaging Type                                                                         

The packaging type segment includes Bottles and Jars, Pouches and Sachets, and Others. The bottles and jars segment led the dark chocolate sauce market with a market share of around 59.8% in 2021. Increasing preference to offer dark chocolate sauce in high-quality, stylish, and durable bottles and jars by manufacturers is mainly fueling the growth of this segment. Moreover, the glass jars enable the cooling and heating of dark chocolate sauce without contamination risk. On the other hand, plastic packaging can degrade faster after using the product; hence, more consumers prefer bottles and jars packaging of dark chocolate sauce.

By distribution channel

The distribution channel segment includes supermarkets, hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment led the Dark Chocolate Sauce market with a market share of around 63.5% in 2021. Dark chocolate sauce manufacturers are rapidly opening stores at malls to meet ever increasing demand for chocolate products among the end users. In addition, supermarkets and hypermarkets have wide-ranging options for various brands of dark chocolate sauce. Moreover, consumers prefer supermarkets and hypermarket stores as they consider such stores more trustworthy as they can examine products and their quality before making a purchase decision. Such factors all drive sales of dark chocolate sauce through supermarkets and hypermarkets.

By Regional Analysis:

The regions analyzed for the Dark Chocolate Sauce market include North America, Europe, South America, Asia Pacific, and the Middle East, and Africa. Europe region dominated the Dark Chocolate Sauce market and held the 38.98% share of the market revenue in 2021.

• The Europe region witnessed a major share. The increased popularity of dark chocolate products in this region is the major factor contributing to the market growth. In addition, consumer preference for high-quality dark chocolate sauce products that are good for health and the environment has further boosted the market's growth. On the other hand, Western Europe is one of the major consumers of dark chocolate, creating lucrative growth opportunities for the market.
• Asia-Pacific is expected to witness a considerable growth rate during the Projection period. An upsurge in demand for dark chocolate-based and chocolate-flavored products in the region drives market growth. Furthermore, various factors, including the growing population, rising awareness about chocolate sauce products, changing lifestyles, and rising consumer disposable income in Asia-Pacific, fuel the growth of the dark chocolate sauce market.

Global Dark Chocolate Sauce Market- Country Analysis:

• Germany

Germany's Dark Chocolate Sauce market size was valued at USD 4.51 billion in 2021 and is expected to reach USD 6.12 billion by 2029, at a CAGR of 4.0% from 2022 to 2029.

Germany is one of the leading chocolate consumers in Europe. In addition, the country is the largest chocolate producer across the EU, ahead of Italy, Belgium, and France. In addition, the industrial manufacturers in this country are responsible for creating some of the most widely known products. This significance of chocolate in the food industry in Germany is mainly contributing to the growth of the dark chocolate sauce market.

Moreover, increased consumer awareness about the dark chocolate sauce and mounting chocolate consumption among teenage population in this country has driven demand for Dark Chocolate Sauce.    

• China

China's Dark Chocolate Sauce market size was valued at USD 6.31 billion in 2021 and is expected to reach USD 10.68 billion by 2029, at a CAGR of 6.9% from 2022 to 2029. Rising disposable income in China has favored the demand for Dark Chocolate Sauce. In addition, this country is one of the leading producers and consumers of chocolate products around the globe. This has significantly boosted the growth of the Dark Chocolate Sauce sector in the country. Moreover, globalization, increasing purchasing power, and the rising significance of international brands such as Mars, Nestle, and Ferraro in this country are expected to create lucrative growth opportunities for the market.

• India

India's Dark Chocolate Sauce market size was valued at USD 1.80 billion in 2021 and is expected to reach USD 2.51 billion by 2029, at a CAGR of 4.4% from 2022 to 2029. India is one of the strongest growing economies in Asia. The factors, including the increasing young population, increasing disposable income, and changing lifestyle, have driven the growth of the Indian dark chocolate sauce market. Rising chocolate consumption in India is further fueling the demand for dark chocolate sauce. For instance, the per capita average chocolate consumption in this country is about 100g to 200g per person.

Moreover, new product developments coupled with the rising local trends, including smaller packaging sizes, sugar reduction, and unique flavors, have created lucrative growth opportunities for the market.

Key Industry Players Analysis:                                                     

To increase their market position in the global Dark Chocolate Sauce business, top companies are focusing on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• MONIN INCORPORATED
• Syndigo LLC
• Ghirardelli Chocolate Company
• The Hershey Company
• Torani
• Callebaut
• Kerry
• Food Service (India) Pvt. Ltd
• Sephra
• Santa Cruz Natural Incorporated

Latest Development:

• In November 2021, Sunday Night Foods, an award-winning baker from Iowa, U.S., launched a product line of shelf-stable chocolate premium dessert sauces. These sauces are made in small batches with enhanced quality pure ingredients.
• In June 2021, The Hershey Company, an American multinational chocolate company, acquired Lily’s, the low-sugar and better-for-you (BFY) confectionery products provider, in a $425m deal. Lily’s product range comprises milk and dark chocolate style bars, peanut butter cups, and baking chips, among other confectionery products.

Report Metrics

Report Attribute	Details
Study Period	2021-2029
Base year	2021
CAGR (%)	4.1%
Market Size	45.08 billion in 2021
Projection period	2022-2029
Projection unit	Value (USD)
Segments covered	Packaging type, distribution channel, and Regions
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	MONIN INCORPORATED, Syndigo LLC, Ghirardelli Chocolate Company, The Hershey Company, Torani, Callebaut, Kerry, Food Service (India) Pvt. Ltd.,  Sephra, and Santa Cruz Natural Incorporated among others
By Packaging Type	Bottles and Jars Pouches and Sachets Others
By Distribution Channel	Supermarkets and Hypermarkets Convenience Stores Online Retail Others
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Dark Chocolate Sauce Market by Packaging Type:

• Bottles and Jars
• Pouches and Sachets
• Others

Global Dark Chocolate Sauce Market by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Retail
• Others

Global Dark Chocolate Sauce Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- Political factors are important in the market's growth. The manufacturers should be well-versed with regional laws and legislation, rules, and regulations, import and export policies, etc. The concerned regional agencies provide guidelines to manufacturing companies regarding the procurement of materials and specifications for their use in making dark chocolate sauce. Government bodies such as regulating authorities and policymakers are working hard to make manufacturers understand the importance of the packaging material of dark chocolate sauce.

Economical Factors- Dark chocolate comprises considerably higher Cacao content. This Cacao content is expensive, which makes dark chocolates costlier.  On the other hand, the quantity of about 30-60 grams of dark chocolate per day is recommended to be healthy. However, its excessive consumption may lead to increased caffeine levels in the blood, which causes increased heart rate, dehydration, nausea, and insomnia. Hence, dark chocolate's high cost and side effects may hamper the market's growth to some extent during the Projection period. For instance, the per capita average chocolate consumption in this country is about 100g to 200g per person.

Social Factor- An upsurge in demand for dark chocolate-based and chocolate-flavored products in the region drives the market growth. Furthermore, various factors, including the growing population, rising awareness about chocolate sauce products, changing lifestyles, and rising consumer disposable income in Asia-Pacific, fuel the growth of the dark chocolate sauce market. The increased popularity of dark chocolate products in this region is the major factor contributing to the market growth. In addition, consumer preference for high-quality dark chocolate sauce products that are good for health and the environment has further boosted the market's growth. On the other hand, Western Europe is one of the major consumers of dark chocolate, creating lucrative growth opportunities for the market.

Technological Factors- The continuous research and development activities in the dark chocolate market are propelling the market’s growth. AI technology is helping dark chocolate consumers ensure they're buying the premium quality that drives its premium price. The latest technological advancement also ensures that consumers receive authentic dark chocolate sauce.

Environmental Factors- The increasing concern for the environment and rising global warming is a challenge for the market’s growth. Several manufacturers of dark chocolate sauce and prominent players in the market are focusing on using environmentally friendly packaging to reduce pollution. However, most of the market players still use non-decomposable and are affecting the environment to a great extent. So to curb these issues, the government is taking several strict measures and initiatives. Recently the Indian government banned the use of single-use plastic.

Legal Factors- Sunday Night Foods, an award-winning baker from Iowa, U.S., launched a product line of shelf-stable chocolate premium dessert sauces. These sauces are made in small batches with enhanced quality pure ingredients. The Hershey Company, an American multinational chocolate company, acquired Lily’s, the low-sugar and better-for-you (BFY) confectionery products provider, in a $425m deal. Lily’s product range comprises milk and dark chocolate style bars, peanut butter cups, and baking chips, among other confectionery products.

1. Introduction
   • Objectives of the Study
   • Market Definition
   • Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • Porter’s Five Forces Analysis
   • Value Chain Analysis
   • Top Investment Pockets
     • Market Attractiveness Analysis By Packaging Type
     • Market Attractiveness Analysis By Distribution Channel
   • Industry Trends
5. Market Dynamics
   • Market Evaluation
   • Drivers
     • Increasing use of dark chocolate sauce to decorate cakes or cupcakes
     • Increasing demand for desserts
   • Restrains
     • High cost and side effects of Dark Chocolate
   • Opportunities
     • Health benefits of dark chocolate
   • Challenges
     • Supply chain disruptions due to fluctuations in availability of raw material

6. Global Dark Chocolate Sauce Market Analysis and Projection, By Packaging Type
   • Segment Overview
   • Bottles and Jars
   • Pouches and Sachets
   • Others
7. Global Dark Chocolate Sauce Market Analysis and Projection, By Distribution Channel
   • Segment Overview
   • Supermarkets and Hypermarkets
   • Convenience Stores
   • Online Retail
   • Others
8. Global Dark Chocolate Sauce Market Analysis and Projection, By Regional Analysis
   • Segment Overview
   • North America
     • USA
     • Canada
     • Mexico
   • Europe
     • Germany
     • France
     • UK
     • Italy
     • Spain
   • Asia-Pacific
     • Japan
     • China
     • India
   • South America
     • Brazil
   • Middle East and Africa
     • UAE
     • South Africa

9. Global Dark Chocolate Sauce Market-Competitive Landscape
   • Overview
   • Market Share of Key Players in the Dark Chocolate Sauce Market
     • Global Company Market Share
     • North America Company Market Share
     • Europe Company Market Share
     • APAC Company Market Share
   • Competitive Situations and Trends
     • Packaging Type Launches and Developments
     • Partnerships, Collaborations, and Agreements
     • Mergers & Acquisitions
     • Expansions

10. Company Profiles
    • MONIN INCORPORATED
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Packaging Type Portfolio
      • Recent Developments
      • SWOT Analysis
    • Syndigo LLC
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Packaging Type Portfolio
      • Recent Developments
      • SWOT Analysis
    • Ghirardelli Chocolate Company
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Packaging Type Portfolio
      • Recent Developments
      • SWOT Analysis
    • The Hershey Company
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Packaging Type Portfolio
      • Recent Developments
      • SWOT Analysis
    • Torani
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Packaging Type Portfolio
      • Recent Developments
      • SWOT Analysis
    • Callebaut
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Packaging Type Portfolio
      • Recent Developments
      • SWOT Analysis
    • Kerry
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Packaging Type Portfolio
      • Recent Developments
      • SWOT Analysis
    • Food Service (India) Pvt. Ltd.
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Packaging Type Portfolio
      • Recent Developments
      • SWOT Analysis
    • Sephra
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Packaging Type Portfolio
      • Recent Developments
      • SWOT Analysis
    • Santa Cruz Natural Incorporated
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Packaging Type Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

1. Global Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
2. Global Bottles and Jars Pipes and Fittings Market, By Region, 2021–2029(USD Billion)
3. Global Pouches and Sachets Pipes and Fittings Market, By Region, 2021–2029(USD Billion)
4. Global Others Dark Chocolate Sauce Market, By Region, 2021–2029(USD Billion)
5. Global Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
6. Global Supermarkets and Hypermarkets Dark Chocolate Sauce Dark Chocolate Sauce Market, By Region, 2021–2029(USD Billion)
7. Global Convenience Stores Dark Chocolate Sauce Dark Chocolate Sauce Market, By Region, 2021–2029(USD Billion)
8. Global Online Retail Dark Chocolate Sauce Dark Chocolate Sauce Market, By Region, 2021–2029(USD Billion)
9. Global Others Dark Chocolate Sauce Dark Chocolate Sauce Market, By Region, 2021–2029(USD Billion)
10. Global Dark Chocolate Sauce Market, By Region, 2021–2029(USD Billion)
11. Global Dark Chocolate Sauce Market, By North America, 2021–2029(USD Billion)
12. North America Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
13. North America Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
14. USA Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
15. USA Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
16. Canada Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
17. Canada Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
18. Mexico Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
19. Mexico Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
20. Europe Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
21. Europe Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
22. Germany Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
23. Germany Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
24. France Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
25. France Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
26. UK Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
27. UK Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
28. Italy Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
29. Italy Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
30. Spain Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
31. Spain Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
32. Asia Pacific Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
33. Asia Pacific Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
34. Japan Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
35. Japan Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
36. Japan Dark Chocolate Sauce Market, By End-User, 2021–2029(USD Billion)
37. China Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
38. China Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
39. China Dark Chocolate Sauce Market, By End-User, 2021–2029(USD Billion)
40. India Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
41. India Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
42. South America Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
43. South America Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
44. Brazil Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
45. Brazil Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
46. Middle East and Africa Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
47. Middle East and Africa Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
48. UAE Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
49. UAE Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)
50. South Africa Dark Chocolate Sauce Market, By Packaging Type, 2021–2029(USD Billion)
51. South Africa Dark Chocolate Sauce Market, By Distribution Channel, 2021–2029(USD Billion)

List of Figures 

1. Global Dark Chocolate Sauce Market Segmentation
2. Dark Chocolate Sauce Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Dark Chocolate Sauce Market Attractiveness Analysis By Packaging Type
9. Global Dark Chocolate Sauce Market Attractiveness Analysis By Distribution Channel
10. Global Dark Chocolate Sauce Market Attractiveness Analysis By Region
11. Global Dark Chocolate Sauce Market: Dynamics
12. Global Dark Chocolate Sauce Market Share By Packaging Type(2021 & 2029)
13. Global Dark Chocolate Sauce Market Share By Distribution Channel(2021 & 2029)
14. Global Dark Chocolate Sauce Market Share by Regions (2021 & 2029)
15. Global Dark Chocolate Sauce Market Share by Company (2020)