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Chocolate Confectionery Market Size, Share & Trends Analysis Report By Product (Boxed, Molded Bars), By Type (Milk, Dark), By Distribution Channel (Supermarkets & Hypermarkets, Online), By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 100 Pages
  • August 2023
  • Region: Global
  • Grand View Research
  • ID: 4479658
Description Jump to:
The global chocolate confectionery market size is expected to reach USD 312.65 billion by 2030, expanding at a CAGR of 6.7% during the forecast period. The chocolate confectionery market growth is attributed to the increasing tradition of gifting chocolates, especially in Asian countries. Further, strong advertising and marketing campaigns for vegan, gluten-free, low-sugar chocolates are also driving the demand. Manufacturers are launching a wide range of chocolate confectionery in the healthier segment, with claims such as vegan, gluten, and dairy-free to cater to the rising customer demand, which is increasing the scope of chocolate confectionery in the global market. For instance, in September 2020, Chocoladefabriken Lindt & Sprüngli AG inaugurated the Lindt Home of Chocolate in Switzerland. The facility showcases a unique chocolate competence center, attractive museum, and open-view production plant.

The dark chocolate segment is expected to be the fastest-growing segment during the forecast period. Product launches in this segment by key players in the market are likely to supplement the overall segment growth. For instance, in November 2020, Sugar-Free (low-calorie sweetener manufacturer) ventured into the premium dark chocolate category with the launch of Sugar-Free D’lite chocolates. The supermarkets & hypermarkets distribution channel segment held the largest segment in 2022 and is expected to maintain dominance during the forecast period. The rise in demand for chocolate confectionery by the consumers has made retailers hold greater shelf spaces for chocolate confectionery, especially in developed countries, such as the U. S. and the U. K. For instance, in June 2020, Wicked Kitchen, a vegan brand in the U. K., launched its first-ever vegan cupcakes through Tesco supermarkets in the U. K.

The chocolate confectionery market is consolidated in nature with the presence of many international players and a few regional players. The Hershey Company, Ferrero, Chocoladefabriken Lindt & Sprüngli AG, Mars, Incorporated, MondelÄ“z International, Nestlé, CEMOI Group, Barry Callebaut, Lake Champlain Chocolates, and LOTTE are among the prominent players in the global market.

Chocolate Confectionery Market Report Highlights

  • Asia Pacific is anticipated to witness substantial growth during the forecast period, owing to rising demand for bars confectionery. In addition, several large international players are setting up local manufacturing, production & storage facilities in this region such as in India and China
  • Dark chocolate is likely to witness the fastest growth during the forecast period as it is considered a healthier option with lower calories as compared to milk and white chocolates
  • The online distribution channel segment is expected to register the fastest growth during the forecast period. The recent outbreak of COVID-19 has increased the penetration of online retailers in the chocolate confectionery segment


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Regional Outlook
2.4. Competitive Outlook
Chapter 3. Chocolate Confectionery Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Industry Value Chain Analysis
3.2.1. Sales/Retail Channel Analysis
3.2.2. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Industry Challenges
3.3.4. Industry Opportunities
3.4. Industry Analysis - Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Chocolate Confectionery Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2022 & 2030
5.2. Boxed
5.2.1. Boxed chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Molded Bars
5.3.1. Molded bars chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
5.4. Chips & Bites
5.4.1. Chips & bites chocolate confectionery estimates and forecast, 2017 - 2030 (USD Million)
5.5. Truffles & Cups
5.5.1. Truffles & cups chocolate confectionery estimates and forecast, 2017 - 2030 (USD Million)
5.6. Others
5.6.1. Other chocolate confectionery estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Chocolate Confectionery Market: Type Estimates & Trend Analysis
6.1. Type Movement Analysis & Market Share, 2022 & 2030
6.2. Milk
6.2.1. Milk chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
6.3. Dark
6.3.1. Dark chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
6.4. While
6.4.1. White chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. Chocolate Confectionery Market: Distribution Channel Estimates & Trend Analysis
7.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
7.2. Hypermarkets & Supermarkets
7.2.1. Market estimates and forecast for chocolate confectionery through hypermarkets & supermarkets, 2017 - 2030 (USD Million)
7.3. Convenience Stores
7.3.1. Market estimates and forecast for chocolate confectionery through convenience stores, 2017 - 2030 (USD Million)
7.4. Online
7.4.1. Market estimates and forecast for chocolate confectionery through online channel, 2017 - 2030 (USD Million)
7.5. Others
7.5.1. Market estimates and forecast for chocolate confectionery through other channels, 2017 - 2030 (USD Million)
Chapter 8. Chocolate Confectionery Market: Regional Estimates & Trend Analysis
8.1. Regional Movement Analysis & Market Share, 2022 & 2030
8.2. North America
8.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.2.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.2.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.2.5. U.S.
8.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.2.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.2.5.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.2.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.2.6. Canada
8.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.2.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.2.6.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.2.6.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.2.7. Mexico
8.2.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.2.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.2.7.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.2.7.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.3. Europe
8.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.3.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.3.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.3.5. Germany
8.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.3.5.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.3.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.3.6. U.K.
8.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.3.6.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.3.6.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.3.7. France
8.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.3.7.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.3.7.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.3.8. Italy
8.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.3.8.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.3.8.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.3.9. Spain
8.3.9.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3.9.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.3.9.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.3.9.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.4. Asia Pacific
8.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.4.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.4.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.4.5. China
8.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.4.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.4.5.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.4.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.4.6. India
8.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.4.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.4.6.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.4.6.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.4.7. Japan
8.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.4.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.4.7.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.4.7.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.4.8. Australia & New Zealand
8.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.4.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.4.8.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.4.8.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.4.9. South Korea
8.4.9.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.4.9.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.4.9.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.4.9.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.5. Central & South America
8.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.5.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.5.5. Brazil
8.5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.5.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.5.5.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.5.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.6. Middle East & Africa
8.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.6.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.6.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
8.6.5. Saudi Arabia
8.6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.6.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
8.6.5.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
8.6.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Chapter 9. Competitive Analysis
9.1. Recent Developments & Impact Analysis, by Key Market Participants
9.2. Company Categorization
9.3. Participant’s Overview
9.4. Financial Performance
9.5. Product Benchmarking
9.6. Company Market Share Analysis, 2022 (%)
9.7. Company Heat Map Analysis
9.8. Strategy mapping
9.9. List of Key Companies Analyzed in this Section Include:
9.9.1. The Hershey Company
9.9.2. Ferrero
9.9.3. Chocoladefabriken Lindt & Sprüngli AG
9.9.4. Mars, Incorporated
9.9.5. Mondelēz International
9.9.6. Nestlé
9.9.7. CEMOI Group
9.9.8. Barry Callebaut
9.9.9. Lake Champlain Chocolates
9.9.10. LOTTE
List of Tables
Table 1 Chocolate confectionery market - Driving factor market analysis
Table 2 Chocolate confectionery market - Restraint factor market analysis
Table 3 Chocolate confectionery market estimates & forecast, by product (USD Million)
Table 4 Chocolate confectionery market estimates & forecast, by type (USD Million)
Table 5 Chocolate confectionery market estimates & forecast, by distribution channel (USD Million)
Table 6 US macro - economic outlay
Table 7 Canada macro - economic outlay
Table 8 Mexico macro - economic outlay
Table 9 Germany macro - economic outlay
Table 10 U.K. macro - economic outlay
Table 11 France macro - economic outlay
Table 12 Italy macro - economic outlay
Table 13 Spain macro - economic outlay
Table 14 China macro - economic outlay
Table 15 India macro - economic outlay
Table 16 Japan macro - economic outlay
Table 17 Australia & New Zealand macro - economic outlay
Table 18 South Korea macro - economic outlay
Table 19 Brazil macro - economic outlay
Table 20 Saudi Arabia macro - economic outlay
Table 21 Recent developments & impact analysis, by key market participants
Table 22 Company market share, 2022 (Value % Share)
Table 23 Company heat map analysis, 2022
Table 24 Companies undergoing product launches
Table 25 Companies undergoing other strategies
List of Figures
Fig. 1 Chocolate confectionery market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research approaches
Fig. 5 Primary research process
Fig. 6 Market snapshot
Fig. 7 Segment snapshot
Fig. 8 Regional snapshot
Fig. 9 Competitive landscape snapshot
Fig. 10 Chocolate confectionery market estimate and forecasts, 2017 - 2030 (USD Million)
Fig. 11 Chocolate confectionery market: Value chain analysis
Fig. 12 Chocolate confectionery market: Profit margin analysis
Fig. 13 Chocolate confectionery market: Dynamics
Fig. 14 Chocolate confectionery market: Porter’s five forces analysis
Fig. 15 Factors influencing buying decisions for chocolate confectionery
Fig. 16 Chocolate confectionery market, by product: Key takeaways
Fig. 17 Chocolate confectionery market, by product: Market share, 2022 & 2030
Fig. 18 Boxed chocolate confectionery market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 19 Molded bars chocolate confectionery market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 20 Chips & bites chocolate confectionery market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 21 Truffles & cups chocolate confectionery market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 22 Other chocolate confectionery market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 23 Chocolate confectionery market, by type: Key takeaways
Fig. 24 Chocolate confectionery market, by type: Market share, 2022 & 2030
Fig. 25 Milk chocolate confectionery market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 26 Dark chocolate confectionery market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 27 White chocolate confectionery market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 28 Chocolate confectionery market, by distribution channel: Key takeaways
Fig. 29 Chocolate confectionery market, by distribution channel: Market share, 2022 & 2030
Fig. 30 Chocolate confectionery market estimates & forecasts through hypermarkets & supermarkets, 2017 - 2030 (USD Million)
Fig. 31 Chocolate confectionery market estimates & forecasts through convenience stores, 2017 - 2030 (USD Million)
Fig. 32 Chocolate confectionery market estimates & forecasts through online channel, 2017 - 2030 (USD Million)
Fig. 33 Chocolate confectionery market estimates & forecasts through other channels, 2017 - 2030 (USD Million)
Fig. 34 Regional marketplace: Key takeaways
Fig. 35 North America chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 36 U.S. chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 37 Canada chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 38 Mexico chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 39 Europe chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 40 Germany chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 41 UK chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 42 France chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 43 Italy chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 44 Spain chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 45 Asia Pacific chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 46 China chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 47 India chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 48 Japan chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 49 Australia & New Zealand chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 50 South Korea chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 51 Central & South America chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 52 Brazil chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 53 Middle East & Africa chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 54 Saudi Arabia chocolate confectionery market estimates and forecast, 2017 - 2030 (USD Million)
Fig. 55 Company market share analysis, 2022
Fig. 56 Strategic framework of chocolate confectionery market

Companies Mentioned

  • The Hershey Company
  • Ferrero
  • Chocoladefabriken Lindt & Sprüngli AG
  • Mars, Incorporated
  • MondelÄ“z International
  • Nestlé
  • CEMOI Group
  • Barry Callebaut
  • Lake Champlain Chocolates
  • LOTTE

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedAugust 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 186.32 Billion
Forecasted Market Value ( USD ) by 2030 $ 312.65 Billion
Compound Annual Growth Rate6.7%
Regions CoveredGlobal
No. of Companies Mentioned10

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