The Global Wine Chocolate Market size is expected to reach $1.4 billion by 2030, rising at a market growth of 6.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,06,374.87 thousand units (Pack of 6), experiencing a growth of 7.2% (2019-2022).
The high production and increasing exports of wine in Europe provide a strong foundation for the expansion of the market. Consequently, the Europe region would generate a revenue of USD 322.32 million by 2022. Chocolate is deeply ingrained in European culinary traditions and is celebrated as a symbol of indulgence, luxury, and pleasure. As a result, there is a strong demand for innovative and premium chocolate products, including wine chocolate, which appeals to European consumers seeking new and exciting taste experiences.
Dark chocolate contains antioxidants, particularly flavonoids, which reduce the risk of cancer and heart disease by oxidative stress. Also, dark chocolate is a desirable choice for health-conscious consumers because it contains antioxidants, which increase the food's perceived health advantages. Therefore, dark chocolate's health benefits are propelling the market's growth.
Additionally, High-quality ingredients and careful attention to detail go into creating artisanal and premium wine chocolate products, which produce goods with exceptional taste, texture, and sensory appeal. Hence, increasing interest in artisanal and premium products drives the market's growth.
However, Wine chocolate products contain perishable ingredients such as chocolate and wine, which are susceptible to degradation over time. Exposure to temperature fluctuations, humidity, and oxygen can accelerate the deterioration of wine chocolate, leading to changes in texture, flavors, and overall product quality. In conclusion, the limited shelf life of wine chocolates is impeding the market's growth.
By Form Analysis
Based on form, the market is categorized into solid and liquid. In 2022, the liquid segment registered a 77.67 % revenue share in the market. Liquid wine chocolate allows for a more intense infusion of wine flavor into the chocolate compared to other forms of wine, such as powdered or dried. Also, liquid wine chocolate can be used in various chocolate products, including truffles, fillings, and sauces.
By Wine Type Analysis
Based on wine type, the market is segmented into red wine, white wine, and others. The white wine segment attained a considerable 37.01 % share in the market in 2022. Chocolate manufacturers and chocolatiers continuously innovate to meet consumer demand for unique and innovative flavor combinations. White wine-infused chocolates represent a creative and novel offering within the market, attracting consumers interested in exploring new and exciting taste experiences.
By Distribution Channel Analysis
By distribution channel, the market is divided into supermarkets/hypermarkets, convenience stores, specialty stores, and online stores. In 2022, the specialty stores segment registered the 43.51 % revenue share in the market. Specialty stores curate their offerings to cater to discerning customers seeking unique, high-quality products. Specialty stores offer exclusive and hard-to-find products, including limited-edition wine chocolate varieties.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region generated a 32.75 % revenue share in the market in 2022. Wine consumption has increased in North America, with many consumers embracing wine as part of their lifestyle and social gatherings. Wine chocolate complements this trend by offering a unique and enjoyable way to experience the flavors of wine in a chocolate format, appealing to wine enthusiasts and chocolate lovers alike.
List of Key Companies Profiled
- Lindt & Sprungli AG
- Raaka Chocolate Ltd.
- Ferrero International S.A.
- Yildiz Holding A.S.
- Neuhaus Inc
- Alfred Ritter GmbH & Co. KG
- Duc d'O (Baronie Belgium NV/SA)
- Halloren Chocolate Factory AG
- Toms Gruppen A/S
- Underberg AG (Semper idem Underberg AG)
Global Wine Chocolate Market Report Segmentation
By Form (Volume, Thousand Units (PACK OF 6), USD Billion, 2019-2030)
By Wine Type (Volume, Thousand Units (PACK OF 6), USD Billion, 2019-2030)
- Red Wine
- White Wine
- Others
By Distribution Channel (Volume, Thousand Units (PACK OF 6), USD Billion, 2019-2030)
- Specialty Stores
- Supermarkets/Hypermarkets
- Online Stores
- Convenience Stores
By Geography (Volume, Thousand Units (PACK OF 6), USD Billion, 2019-2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Wine Chocolate Market, by Form
- 1.4.2Global Wine Chocolate Market, by Wine Type
- 1.4.3Global Wine Chocolate Market, by Distribution Channel
- 1.4.4Global Wine Chocolate Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.Global Wine Chocolate Market by Form
- 4.1Global Liquid Market by Region
- 4.2Global Solid Market by Region
Chapter 5.Global Wine Chocolate Market by Wine Type
- 5.1Global Red Wine Market by Region
- 5.2Global White Wine Market by Region
- 5.3Global Others Market by Region
Chapter 6.Global Wine Chocolate Market by Distribution Channel
- 6.1Global Specialty Stores Market by Region
- 6.2Global Supermarkets/Hypermarkets Market by Region
- 6.3Global Online Stores Market by Region
- 6.4Global Convenience Stores Market by Region
Chapter 7.Global Wine Chocolate Market by Region
- 7.1North America Wine Chocolate Market
- 7.1.1North America Wine Chocolate Market by Form
- 7.1.1.1North America Liquid Market by Country
- 7.1.1.2North America Solid Market by Country
- 7.1.2North America Wine Chocolate Market by Wine Type
- 7.1.2.1North America Red Wine Market by Country
- 7.1.2.2North America White Wine Market by Country
- 7.1.2.3North America Others Market by Country
- 7.1.3North America Wine Chocolate Market by Distribution Channel
- 7.1.3.1North America Specialty Stores Market by Country
- 7.1.3.2North America Supermarkets/Hypermarkets Market by Country
- 7.1.3.3North America Online Stores Market by Country
- 7.1.3.4North America Convenience Stores Market by Country
- 7.1.4North America Wine Chocolate Market by Country
- 7.1.4.1US Wine Chocolate Market
- 7.1.4.1.1US Wine Chocolate Market by Form
- 7.1.4.1.2US Wine Chocolate Market by Wine Type
- 7.1.4.1.3US Wine Chocolate Market by Distribution Channel
- 7.1.4.2Canada Wine Chocolate Market
- 7.1.4.2.1Canada Wine Chocolate Market by Form
- 7.1.4.2.2Canada Wine Chocolate Market by Wine Type
- 7.1.4.2.3Canada Wine Chocolate Market by Distribution Channel
- 7.1.4.3Mexico Wine Chocolate Market
- 7.1.4.3.1Mexico Wine Chocolate Market by Form
- 7.1.4.3.2Mexico Wine Chocolate Market by Wine Type
- 7.1.4.3.3Mexico Wine Chocolate Market by Distribution Channel
- 7.1.4.4Rest of North America Wine Chocolate Market
- 7.1.4.4.1Rest of North America Wine Chocolate Market by Form
- 7.1.4.4.2Rest of North America Wine Chocolate Market by Wine Type
- 7.1.4.4.3Rest of North America Wine Chocolate Market by Distribution Channel
- 7.1Europe Wine Chocolate Market
- 7.1.1Europe Wine Chocolate Market by Form
- 7.1.1.1Europe Liquid Market by Country
- 7.1.1.2Europe Solid Market by Country
- 7.1.2Europe Wine Chocolate Market by Wine Type
- 7.1.2.1Europe Red Wine Market by Country
- 7.1.2.2Europe White Wine Market by Country
- 7.1.2.3Europe Others Market by Country
- 7.1.3Europe Wine Chocolate Market by Distribution Channel
- 7.1.3.1Europe Specialty Stores Market by Country
- 7.1.3.2Europe Supermarkets/Hypermarkets Market by Country
- 7.1.3.3Europe Online Stores Market by Country
- 7.1.3.4Europe Convenience Stores Market by Country
- 7.1.4Europe Wine Chocolate Market by Country
- 7.1.4.1Germany Wine Chocolate Market
- 7.1.4.1.1Germany Wine Chocolate Market by Form
- 7.1.4.1.2Germany Wine Chocolate Market by Wine Type
- 7.1.4.1.3Germany Wine Chocolate Market by Distribution Channel
- 7.1.4.2UK Wine Chocolate Market
- 7.1.4.2.1UK Wine Chocolate Market by Form
- 7.1.4.2.2UK Wine Chocolate Market by Wine Type
- 7.1.4.2.3UK Wine Chocolate Market by Distribution Channel
- 7.1.4.3France Wine Chocolate Market
- 7.1.4.3.1France Wine Chocolate Market by Form
- 7.1.4.3.2France Wine Chocolate Market by Wine Type
- 7.1.4.3.3France Wine Chocolate Market by Distribution Channel
- 7.1.4.4Russia Wine Chocolate Market
- 7.1.4.4.1Russia Wine Chocolate Market by Form
- 7.1.4.4.2Russia Wine Chocolate Market by Wine Type
- 7.1.4.4.3Russia Wine Chocolate Market by Distribution Channel
- 7.1.4.5Spain Wine Chocolate Market
- 7.1.4.5.1Spain Wine Chocolate Market by Form
- 7.1.4.5.2Spain Wine Chocolate Market by Wine Type
- 7.1.4.5.3Spain Wine Chocolate Market by Distribution Channel
- 7.1.4.6Italy Wine Chocolate Market
- 7.1.4.6.1Italy Wine Chocolate Market by Form
- 7.1.4.6.2Italy Wine Chocolate Market by Wine Type
- 7.1.4.6.3Italy Wine Chocolate Market by Distribution Channel
- 7.1.4.7Rest of Europe Wine Chocolate Market
- 7.1.4.7.1Rest of Europe Wine Chocolate Market by Form
- 7.1.4.7.2Rest of Europe Wine Chocolate Market by Wine Type
- 7.1.4.7.3Rest of Europe Wine Chocolate Market by Distribution Channel
- 7.2Asia Pacific Wine Chocolate Market
- 7.2.1Asia Pacific Wine Chocolate Market by Form
- 7.2.1.1Asia Pacific Liquid Market by Country
- 7.2.1.2Asia Pacific Solid Market by Country
- 7.2.2Asia Pacific Wine Chocolate Market by Wine Type
- 7.2.2.1Asia Pacific Red Wine Market by Country
- 7.2.2.2Asia Pacific White Wine Market by Country
- 7.2.2.3Asia Pacific Others Market by Country
- 7.2.3Asia Pacific Wine Chocolate Market by Distribution Channel
- 7.2.3.1Asia Pacific Specialty Stores Market by Country
- 7.2.3.2Asia Pacific Supermarkets/Hypermarkets Market by Country
- 7.2.3.3Asia Pacific Online Stores Market by Country
- 7.2.3.4Asia Pacific Convenience Stores Market by Country
- 7.2.4Asia Pacific Wine Chocolate Market by Country
- 7.2.4.1China Wine Chocolate Market
- 7.2.4.1.1China Wine Chocolate Market by Form
- 7.2.4.1.2China Wine Chocolate Market by Wine Type
- 7.2.4.1.3China Wine Chocolate Market by Distribution Channel
- 7.2.4.2Japan Wine Chocolate Market
- 7.2.4.2.1Japan Wine Chocolate Market by Form
- 7.2.4.2.2Japan Wine Chocolate Market by Wine Type
- 7.2.4.2.3Japan Wine Chocolate Market by Distribution Channel
- 7.2.4.3India Wine Chocolate Market
- 7.2.4.3.1India Wine Chocolate Market by Form
- 7.2.4.3.2India Wine Chocolate Market by Wine Type
- 7.2.4.3.3India Wine Chocolate Market by Distribution Channel
- 7.2.4.4South Korea Wine Chocolate Market
- 7.2.4.4.1South Korea Wine Chocolate Market by Form
- 7.2.4.4.2South Korea Wine Chocolate Market by Wine Type
- 7.2.4.4.3South Korea Wine Chocolate Market by Distribution Channel
- 7.2.4.5Singapore Wine Chocolate Market
- 7.2.4.5.1Singapore Wine Chocolate Market by Form
- 7.2.4.5.2Singapore Wine Chocolate Market by Wine Type
- 7.2.4.5.3Singapore Wine Chocolate Market by Distribution Channel
- 7.2.4.6Malaysia Wine Chocolate Market
- 7.2.4.6.1Malaysia Wine Chocolate Market by Form
- 7.2.4.6.2Malaysia Wine Chocolate Market by Wine Type
- 7.2.4.6.3Malaysia Wine Chocolate Market by Distribution Channel
- 7.2.4.7Rest of Asia Pacific Wine Chocolate Market
- 7.2.4.7.1Rest of Asia Pacific Wine Chocolate Market by Form
- 7.2.4.7.2Rest of Asia Pacific Wine Chocolate Market by Wine Type
- 7.2.4.7.3Rest of Asia Pacific Wine Chocolate Market by Distribution Channel
- 7.3LAMEA Wine Chocolate Market
- 7.3.1LAMEA Wine Chocolate Market by Form
- 7.3.1.1LAMEA Liquid Market by Country
- 7.3.1.2LAMEA Solid Market by Country
- 7.3.2LAMEA Wine Chocolate Market by Wine Type
- 7.3.2.1LAMEA Red Wine Market by Country
- 7.3.2.2LAMEA White Wine Market by Country
- 7.3.2.3LAMEA Others Market by Country
- 7.3.3LAMEA Wine Chocolate Market by Distribution Channel
- 7.3.3.1LAMEA Specialty Stores Market by Country
- 7.3.3.2LAMEA Supermarkets/Hypermarkets Market by Country
- 7.3.3.3LAMEA Online Stores Market by Country
- 7.3.3.4LAMEA Convenience Stores Market by Country
- 7.3.4LAMEA Wine Chocolate Market by Country
- 7.3.4.1Brazil Wine Chocolate Market
- 7.3.4.1.1Brazil Wine Chocolate Market by Form
- 7.3.4.1.2Brazil Wine Chocolate Market by Wine Type
- 7.3.4.1.3Brazil Wine Chocolate Market by Distribution Channel
- 7.3.4.2Argentina Wine Chocolate Market
- 7.3.4.2.1Argentina Wine Chocolate Market by Form
- 7.3.4.2.2Argentina Wine Chocolate Market by Wine Type
- 7.3.4.2.3Argentina Wine Chocolate Market by Distribution Channel
- 7.3.4.3UAE Wine Chocolate Market
- 7.3.4.3.1UAE Wine Chocolate Market by Form
- 7.3.4.3.2UAE Wine Chocolate Market by Wine Type
- 7.3.4.3.3UAE Wine Chocolate Market by Distribution Channel
- 7.3.4.4Egypt Wine Chocolate Market
- 7.3.4.4.1Egypt Wine Chocolate Market by Form
- 7.3.4.4.2Egypt Wine Chocolate Market by Wine Type
- 7.3.4.4.3Egypt Wine Chocolate Market by Distribution Channel
- 7.3.4.5South Africa Wine Chocolate Market
- 7.3.4.5.1South Africa Wine Chocolate Market by Form
- 7.3.4.5.2South Africa Wine Chocolate Market by Wine Type
- 7.3.4.5.3South Africa Wine Chocolate Market by Distribution Channel
- 7.3.4.6Nigeria Wine Chocolate Market
- 7.3.4.6.1Nigeria Wine Chocolate Market by Form
- 7.3.4.6.2Nigeria Wine Chocolate Market by Wine Type
- 7.3.4.6.3Nigeria Wine Chocolate Market by Distribution Channel
- 7.3.4.7Rest of LAMEA Wine Chocolate Market
- 7.3.4.7.1Rest of LAMEA Wine Chocolate Market by Form
- 7.3.4.7.2Rest of LAMEA Wine Chocolate Market by Wine Type
- 7.3.4.7.3Rest of LAMEA Wine Chocolate Market by Distribution Channel
Chapter 8.Company Profiles
- 8.1Lindt & Sprungli AG
- 8.1.1Company Overview
- 8.1.2Financial Analysis
- 8.1.3Segmental Analysis
- 8.1.4Research & Development Expenses
- 8.1.5Recent strategies and developments:
- 8.1.5.1Partnerships, Collaborations, and Agreements:
- 8.1.6SWOT Analysis
- 8.2Raaka Chocolate Ltd.
- 8.2.1Company Overview
- 8.2.2SWOT Analysis
- 8.3Ferrero International S.A.
- 8.3.1Company Overview
- 8.3.2SWOT Analysis
- 8.4Yildiz Holding A.S.
- 8.4.1Company Overview
- 8.4.2SWOT Analysis
- 8.5Neuhaus Inc
- 8.5.1Company Overview
- 8.5.2SWOT Analysis
- 8.6Alfred Ritter GmbH & Co. KG
- 8.6.1Company Overview
- 8.6.2SWOT Analysis
- 8.7Duc d'O (Baronie Belgium NV/SA)
- 8.7.1Company Overview
- 8.7.2SWOT Analysis
- 8.8Halloren Chocolate Factory AG
- 8.8.1Company Overview
- 8.8.2Financial Analysis
- 8.8.3SWOT Analysis
- 8.9Toms Gruppen A/S
- 8.9.1Company Overview
- 8.9.2Financial Analysis
- 8.9.3Segmental Analysis
- 8.9.4SWOT Analysis
- 8.10.Underberg AG (Semper Idem Underberg AG)
- 8.10.1Company Overview
- 8.10.2Financial Analysis
- 8.10.3SWOT Analysis
Chapter 9.Winning Imperatives of Wine Chocolate Market