+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Chocolate Confectionery Market By Product Type, By Price point, By Age Group, By Distribution channel: Global Opportunity Analysis and Industry Forecast, 2021-2031

  • PDF Icon

    Report

  • 335 Pages
  • October 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725387
The chocolate confectionery market was valued at $77,614.9 million in 2021 and is estimated to reach $118,587.9 million by 2031, registering a CAGR of 4.0% from 2022 to 2031. Chocolate confectionery is a chocolate-based delicacy with layers or combinations of nuts, fruit, caramel, nougat, and wafers. Chocolate confections come in a variety of shapes and sizes. There are several chocolate confectionary brands to choose from. A prominent example of chocolate confectionery, is a Snickers bar, which is consisting of nougat, caramel, and peanuts and is covered in milk chocolate, is a good example. Product innovations, an increase in the habit of giving candy, economic growth, an increase in disposable income, and other factors are propelling the chocolate confectionery market expansion. Consumer habits, tastes, and preferences are continually changing, prompting producers to provide innovation in the realm of chocolate confectionery in order to captivate consumers.

Innovation, processing, and packaging are important industry growth drivers. Customer health knowledge and consciousness, as well as changing consumer eating habits and tastes, drive innovation. Furthermore, it meets changing client expectations, and producers broaden their product offerings by including helpful nutrients, organic herbal fillings, tropical fruit, and nut-based & exotic flavors in product formulations. Innovative packaging strategies, such as attractive jars, family-sized packs, resealable packaging, and advertising, boost product sales and enhance awareness. Divine Chocolate, for example, debuted new branding in 2021, complete with vivid new packaging and a strong call to action to help eliminate cocoa industry exploitation. Divine Chocolate's new design depicts a unique handshake surrounded by the statement "every bar directly affects the lives of farmers" to represent the company's engagement with farm owners. The adoption of varied packaging and promotional activities in chocolate confectionery items enhances the chocolate confectionery industry's global expansion and development.

The organic and luxury chocolate confectionery megatrend has attracted a broader spectrum of customers. Most customers are willing to pay a premium for organic chocolates because they believe they provide extra advantages. Organic chocolates, on the other hand, have gained popularity among customers due to their high antioxidant content. Because of the health-halo advantages of dark chocolate and its clean components, the market for dark and organic chocolates is rapidly expanding. For example, the Lindt 99% Noir Dark Chocolate was one of the most popular cocoa chocolates due to customer demand. The organic chocolate confectionery industry is growing in popularity, particularly among millennial clients who are concerned not just with the influence of the confectioneries on their health and advantages. Lower-calorie food items accounted for 82% of sales increase among Healthy Weight Commitment Foundation member firms such as Kraft Foods and Nestle U. S., according to Hudson Institute, Inc. Manufacturers like Mars are reformulating their products and focusing on sugar-free, functional, and organic variations. The market release of these versions is likely to improve value sales and assist manufacturers in delivering items that support the health and wellness trend.

The chocolate confectionery market is segmented on the basis of product type, price point, age group, distribution channel, and region. Depending on product type, the market is classified into dark chocolate, milk chocolate, and white chocolate. By price point, it is segregated into the economy, mid-range, and luxury. Depending on age group, it is segregated into children, adult, and geriatric. By distribution channel, it is categorized into supermarkets/ hypermarkets, convenience stores, pharmaceuticals & drug stores, specialty stores, duty-free stores, e-commerce, and others. Region-wise, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Turkey, and rest of LAMEA).

Players operating in the global chocolate confectionery market have adopted various developmental strategies to expand their chocolate confectionery share, increase profitability, and remain competitive in the market. Key players profiled in this report include Barry Callebaut, Chocoladefabriken Lindt & Sprüngli AG, Delfi Limited, Ferrero International S. A, Lotte Corporation, Mars, Incorporated, Mondelez International, Inc, Nestle S. A, Perfetti Van Melle, and The Hershey Company.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the chocolate confectionery market analysis from 2021 to 2031 to identify the prevailing chocolate confectionery market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the chocolate confectionery market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global chocolate confectionery market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Product Type

  • Dark chocolate
  • Sub type
  • 45%-65% cocoa
  • 65%-80% cocoa
  • 80% and above cocoa
  • Milk chocolate
  • Sub type
  • Animal milk
  • Plant milk
  • White chocolate

By Price point

  • Economy
  • Mid-range
  • Luxury

By Age Group

  • Children
  • Adult
  • Geriatic

By Distribution channel

  • Supermarkets/hypermarkets
  • Convenience stores
  • Pharmaceutical and drug stores
  • Specialty stores
  • Duty-free stores
  • E-commerce
  • Others

By Region

  • North America
  • U. S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Turkey
  • Rest of LAMEA

Key Market Players

  • Barry Callebaut
  • Delfi Limited
  • Ferrero International S. A
  • Lotte Corporation
  • Mars Incorporated
  • Mondelez International, Inc.
  • Nestle S. A
  • Perfetti Van Melle
  • The Hershey Company
  • Chocoladefabriken Lindt and Sprüngli AG
Frequently Asked Questions about the Chocolate Confectionery Market

What is the estimated value of the Chocolate Confectionery Market?

The Chocolate Confectionery Market was estimated to be valued at $77614.9 million in 2021.

What is the growth rate of the Chocolate Confectionery Market?

The growth rate of the Chocolate Confectionery Market is 4.3%, with an estimated value of $118587.9 million by 2031.

What is the forecasted size of the Chocolate Confectionery Market?

The Chocolate Confectionery Market is estimated to be worth $118587.9 million by 2031.

Who are the key companies in the Chocolate Confectionery Market?

Key companies in the Chocolate Confectionery Market include Barry Callebaut, Delfi Limited, Ferrero International S.A, Lotte Corporation, Mars Incorporated, Mondelez International, Inc., Nestle S.A, Perfetti Van Melle, the Hershey Company and Chocoladefabriken Lindt and Sprüngli AG.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Value Chain Analysis

CHAPTER 4: CHOCOLATE CONFECTIONERY MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Dark chocolate
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.2.4 Dark chocolate Chocolate Confectionery Market by Sub type
4.2.4.1 45%-65% cocoa Market size and forecast, by region
4.2.4.2 65%-80% cocoa Market size and forecast, by region
4.2.4.3 80% and above cocoa Market size and forecast, by region
4.3 Milk chocolate
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.3.4 Milk chocolate Chocolate Confectionery Market by Sub type
4.3.4.1 Animal milk Market size and forecast, by region
4.3.4.2 Plant milk Market size and forecast, by region
4.4 White chocolate
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country

CHAPTER 5: CHOCOLATE CONFECTIONERY MARKET, BY PRICE POINT
5.1 Overview
5.1.1 Market size and forecast
5.2 Economy
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Mid-range
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Luxury
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country

CHAPTER 6: CHOCOLATE CONFECTIONERY MARKET, BY AGE GROUP
6.1 Overview
6.1.1 Market size and forecast
6.2 Children
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Adult
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Geriatic
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country

CHAPTER 7: CHOCOLATE CONFECTIONERY MARKET, BY DISTRIBUTION CHANNEL
7.1 Overview
7.1.1 Market size and forecast
7.2 Supermarkets/hypermarkets
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Convenience stores
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.4 Pharmaceutical and drug stores
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market analysis by country
7.5 Specialty stores
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market analysis by country
7.6 Duty-free stores
7.6.1 Key market trends, growth factors and opportunities
7.6.2 Market size and forecast, by region
7.6.3 Market analysis by country
7.7 E-commerce
7.7.1 Key market trends, growth factors and opportunities
7.7.2 Market size and forecast, by region
7.7.3 Market analysis by country
7.8 Others
7.8.1 Key market trends, growth factors and opportunities
7.8.2 Market size and forecast, by region
7.8.3 Market analysis by country

CHAPTER 8: CHOCOLATE CONFECTIONERY MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Product Type
8.2.2.1 North America Dark chocolate Chocolate Confectionery Market by Sub type
8.2.2.2 North America Milk chocolate Chocolate Confectionery Market by Sub type
8.2.3 North America Market size and forecast, by Price point
8.2.4 North America Market size and forecast, by Age Group
8.2.5 North America Market size and forecast, by Distribution channel
8.2.6 North America Market size and forecast, by country
8.2.6.1 U. S.
8.2.6.1.1 Market size and forecast, by Product Type
8.2.6.1.2 Market size and forecast, by Price point
8.2.6.1.3 Market size and forecast, by Age Group
8.2.6.1.4 Market size and forecast, by Distribution channel
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Product Type
8.2.6.2.2 Market size and forecast, by Price point
8.2.6.2.3 Market size and forecast, by Age Group
8.2.6.2.4 Market size and forecast, by Distribution channel
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Product Type
8.2.6.3.2 Market size and forecast, by Price point
8.2.6.3.3 Market size and forecast, by Age Group
8.2.6.3.4 Market size and forecast, by Distribution channel
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Product Type
8.3.2.1 Europe Dark chocolate Chocolate Confectionery Market by Sub type
8.3.2.2 Europe Milk chocolate Chocolate Confectionery Market by Sub type
8.3.3 Europe Market size and forecast, by Price point
8.3.4 Europe Market size and forecast, by Age Group
8.3.5 Europe Market size and forecast, by Distribution channel
8.3.6 Europe Market size and forecast, by country
8.3.6.1 Germany
8.3.6.1.1 Market size and forecast, by Product Type
8.3.6.1.2 Market size and forecast, by Price point
8.3.6.1.3 Market size and forecast, by Age Group
8.3.6.1.4 Market size and forecast, by Distribution channel
8.3.6.2 France
8.3.6.2.1 Market size and forecast, by Product Type
8.3.6.2.2 Market size and forecast, by Price point
8.3.6.2.3 Market size and forecast, by Age Group
8.3.6.2.4 Market size and forecast, by Distribution channel
8.3.6.3 UK
8.3.6.3.1 Market size and forecast, by Product Type
8.3.6.3.2 Market size and forecast, by Price point
8.3.6.3.3 Market size and forecast, by Age Group
8.3.6.3.4 Market size and forecast, by Distribution channel
8.3.6.4 Italy
8.3.6.4.1 Market size and forecast, by Product Type
8.3.6.4.2 Market size and forecast, by Price point
8.3.6.4.3 Market size and forecast, by Age Group
8.3.6.4.4 Market size and forecast, by Distribution channel
8.3.6.5 Spain
8.3.6.5.1 Market size and forecast, by Product Type
8.3.6.5.2 Market size and forecast, by Price point
8.3.6.5.3 Market size and forecast, by Age Group
8.3.6.5.4 Market size and forecast, by Distribution channel
8.3.6.6 Rest of Europe
8.3.6.6.1 Market size and forecast, by Product Type
8.3.6.6.2 Market size and forecast, by Price point
8.3.6.6.3 Market size and forecast, by Age Group
8.3.6.6.4 Market size and forecast, by Distribution channel
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Product Type
8.4.2.1 Asia-Pacific Dark chocolate Chocolate Confectionery Market by Sub type
8.4.2.2 Asia-Pacific Milk chocolate Chocolate Confectionery Market by Sub type
8.4.3 Asia-Pacific Market size and forecast, by Price point
8.4.4 Asia-Pacific Market size and forecast, by Age Group
8.4.5 Asia-Pacific Market size and forecast, by Distribution channel
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Market size and forecast, by Product Type
8.4.6.1.2 Market size and forecast, by Price point
8.4.6.1.3 Market size and forecast, by Age Group
8.4.6.1.4 Market size and forecast, by Distribution channel
8.4.6.2 India
8.4.6.2.1 Market size and forecast, by Product Type
8.4.6.2.2 Market size and forecast, by Price point
8.4.6.2.3 Market size and forecast, by Age Group
8.4.6.2.4 Market size and forecast, by Distribution channel
8.4.6.3 Japan
8.4.6.3.1 Market size and forecast, by Product Type
8.4.6.3.2 Market size and forecast, by Price point
8.4.6.3.3 Market size and forecast, by Age Group
8.4.6.3.4 Market size and forecast, by Distribution channel
8.4.6.4 South Korea
8.4.6.4.1 Market size and forecast, by Product Type
8.4.6.4.2 Market size and forecast, by Price point
8.4.6.4.3 Market size and forecast, by Age Group
8.4.6.4.4 Market size and forecast, by Distribution channel
8.4.6.5 Australia
8.4.6.5.1 Market size and forecast, by Product Type
8.4.6.5.2 Market size and forecast, by Price point
8.4.6.5.3 Market size and forecast, by Age Group
8.4.6.5.4 Market size and forecast, by Distribution channel
8.4.6.6 Rest of Asia-Pacific
8.4.6.6.1 Market size and forecast, by Product Type
8.4.6.6.2 Market size and forecast, by Price point
8.4.6.6.3 Market size and forecast, by Age Group
8.4.6.6.4 Market size and forecast, by Distribution channel
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Product Type
8.5.2.1 LAMEA Dark chocolate Chocolate Confectionery Market by Sub type
8.5.2.2 LAMEA Milk chocolate Chocolate Confectionery Market by Sub type
8.5.3 LAMEA Market size and forecast, by Price point
8.5.4 LAMEA Market size and forecast, by Age Group
8.5.5 LAMEA Market size and forecast, by Distribution channel
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Brazil
8.5.6.1.1 Market size and forecast, by Product Type
8.5.6.1.2 Market size and forecast, by Price point
8.5.6.1.3 Market size and forecast, by Age Group
8.5.6.1.4 Market size and forecast, by Distribution channel
8.5.6.2 Saudi Arabia
8.5.6.2.1 Market size and forecast, by Product Type
8.5.6.2.2 Market size and forecast, by Price point
8.5.6.2.3 Market size and forecast, by Age Group
8.5.6.2.4 Market size and forecast, by Distribution channel
8.5.6.3 South Africa
8.5.6.3.1 Market size and forecast, by Product Type
8.5.6.3.2 Market size and forecast, by Price point
8.5.6.3.3 Market size and forecast, by Age Group
8.5.6.3.4 Market size and forecast, by Distribution channel
8.5.6.4 Turkey
8.5.6.4.1 Market size and forecast, by Product Type
8.5.6.4.2 Market size and forecast, by Price point
8.5.6.4.3 Market size and forecast, by Age Group
8.5.6.4.4 Market size and forecast, by Distribution channel
8.5.6.5 Rest of LAMEA
8.5.6.5.1 Market size and forecast, by Product Type
8.5.6.5.2 Market size and forecast, by Price point
8.5.6.5.3 Market size and forecast, by Age Group
8.5.6.5.4 Market size and forecast, by Distribution channel

CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments

CHAPTER 10: COMPANY PROFILES
10.1 Barry Callebaut
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 Delfi Limited
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Ferrero International S. A
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Lotte Corporation
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 Mars Incorporated
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Mondelez International, Inc.
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 Nestle S. A
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 Perfetti Van Melle
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 The Hershey Company
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 Chocoladefabriken Lindt and Sprüngli AG
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Chocolate Confectionery Market,' the chocolate confectionery market size was valued at $77.6 billion in 2021, and is estimated to reach $118.6 billion by 2031, growing at a CAGR of 4% from 2022 to 2031.

The market growth is propelled by several factors such as product innovations, a rise in the trend of gifting confectionery, economic growth, a rise in disposable income, and others. Consumer habits, tastes, and preferences are constantly evolving. This has led to innovation in the field of chocolate confectionery market trends that drive market growth.

Sugar is a major ingredient that is used to provide sweetness in chocolate confectioneries. The increase in the use of sugar is stifling the chocolate confectionery market growth of the chocolate confectionery business as it has been related to dental issues in consumers as a result of long-term consumption. According to the American Dental Association, the consumption of sugars has been associated with an increased risk of developing dental caries. Sugar is considered the main ingredient responsible for rising in the rate of obesity and diabetes. Obesity and diabetes in individuals are one of the major causes that contribute to increasing in the fatality rate. According to worldobesity.org, in the year 2020, 2000 million people were either overweight or obese, and 463 million individuals were suffering from diabetes. Consumers have, thereby, become more conscious about sugar intake and are shifting toward functional confectioneries that offer high nutritional value. Thus, the demand for sugar-free confections is on the rise around the globe. Overall, consumers are becoming more aware of the importance of maintaining good health, which is preventing them from consuming confectioneries containing sugar.

The megatrend of organic and premium chocolate confectionery has attracted a wider range of consumers. Most consumers are ready to pay a high price for organic chocolates, with a belief that they have additional benefits. However, organic chocolates have witnessed high acceptance by many customers as they are rich in antioxidants. The dark and organic sweets market is growing significantly, owing to the health-halo benefits of dark chocolate and its pure ingredients. For instance, the Lindt 99% Noir Dark Chocolate was one of the popular cocoa chocolates, owing to high demand from consumers. The market for organic chocolate confections is gaining popularity mostly among millennial customers, who are concerned not just with the impact of the confectioneries on their health and benefits. According to Hudson Institute, Inc., 82% of the sales growth among Healthy Weight Commitment Foundation member companies, such as Kraft Foods and Nestle U.S., was attributed to lower-calorie food products. Manufacturers, such as Mars, are reformulating their products and focusing on the development of sugar-free, functional, and organic variants. The introduction of these variants in the market is expected to boost value sales and help manufacturers to deliver products, which support health and wellness trend.

The chocolate confectionery market is segmented on the basis of product type, price point, age group, distribution channel, and region. Depending on product type, the market is classified into dark chocolate, milk chocolate, and white chocolate. By price point, it is segregated into the economy, mid-range, and luxury. Depending on age group, it is segregated into children, adult, and geriatric. By distribution channel, it is categorized into supermarkets/ hypermarkets, convenience stores, pharmaceuticals & drug stores, specialty stores, duty-free stores, e-commerce, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Turkey, and rest of LAMEA).

Players operating in the global chocolate confectionery market have adopted various developmental strategies to expand their chocolate confectionery market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Barry Callebaut, Chocoladefabriken Lindt & Sprüngli AG, Delfi Limited, Ferrero International S.A, Lotte Corporation, Mars, Incorporated, Mondelez International, Inc, Nestle S.A, Perfetti Van Melle, and The Hershey Company.

Key findings of the study

  • According to the chocolate confectionery market analysis, on the basis of product type, the dark chocolate segment is projected to witness the highest CAGR of 4.9%, in terms of revenue, during the forecast period.
  • On the basis of price point, the economy segment is expected to dominate the market from 2022 to 2031.
  • According to the chocolate confectionery market demand, on the basis of age group, the adult segment is expected to dominate the market from 2022 to 2031.
  • On the basis of distribution channel, the supermarkets & hypermarkets segment is expected to grow at a significant CAGR during the chocolate confectionery market forecast period.
  • On the basis of country, the U.S. was the largest market for the chocolate confectionery industry in 2021, in terms of revenue generation in North America.
  • On the basis of region, Asia-Pacific is anticipated to witness the highest growth rate, registering a CAGR of 4.7% from 2022 to 2031.

Companies Mentioned

  • Barry Callebaut
  • Delfi Limited
  • Ferrero International S.A
  • Lotte Corporation
  • Mars Incorporated
  • Mondelez International, Inc.
  • Nestle S.A
  • Perfetti Van Melle
  • the Hershey Company
  • Chocoladefabriken Lindt and Sprüngli AG

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

Loading
LOADING...