Chocolate Confectionery Market Forecasts to 2028 – Global Analysis By Type (Milk Chocolate, Dark Chocolate), Product (Chocolate with Toys, Countlines), Application (Manufactory, Wholesale Market) and By Geography
According to Stratistics MRC, the Global Chocolate Confectionery Market is accounted for $135.71 billion in 2020 and is expected to reach $198.98 billion by 2028 growing at a CAGR of 4.9% during the forecast period. Factors such as increasing demand for chocolates and the declining price of cocoa beans which are used as raw material in the processing of chocolate items are driving the market growth. However, negative health connotations of chocolate will continue to undermine sales, and increases in the price of imported raw materials such as cocoa butter and sugar are hindering the market.
Confectionery is divided into two broad and rather overlapping categories, bakers’ confections, and sugar confections. In addition, interesting packaging of products, innovative branding tricks, and promotional events raising the demand for chocolates amongst consumers owing to promotion and selling strategies are increasing the chocolate confectionery.
Based on the type, the dark chocolate segment is estimated to have a lucrative growth due to the growing demand for dark chocolate in emerging countries and increase seasonal sales thus boosting the dark chocolate segment.
By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to the increasing disposable incomes of the people in this region, huge population base, and increasing focus on market players.
Some of the key players profiled in the Chocolate Confectionery Market include Barry Callebaut, Blommer Chocolate Company, Chocoladefabriken Lindt & Sprüngli AG Seestrasse, Ezaki Glico Co. Ltd., Ferrero Group, Foley's Candies LP, Haribo GmbH & Co. K.G., Honest Chocolate, Lindt & Sprungli AG, Mars Inc., Meiji Co. Ltd., Mondelez International Inc., Nestlé, Pladis, and The Hershey Company.
Estimated Market Size in 2020:
USD 135.71 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 198.98 billion
Tables, Graphs & Figures
Type, Product, Category, Price Point, Distribution Channel, Age Group, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Milk Chocolate
• Dark Chocolate
• White Chocolate
• Nut Chocolate
• Chocolate Creams
• Organic Chocolate
• Fudge and Fondant
• Hard Candy
• Chocolate with Toys
• Molded Bars & Tablets
• Seasonal Chocolates
• Bagged Selflines/Softlines
• Boxed Assortments
• Chocolate Lollipops
• Caramels and Toffees
• Medicated Confectionery
• Fine Bakery Wares
• Hard-Boiled Sweets
• Gums & Jellies
• Other Products
Price Points Covered:
Distribution Channels Covered:
• Club Stores
• Confectionery Specialists/Shops
• Convenience Stores
• Discounters/Dollar Stores
• Drug Stores
• Duty-Free Outlets
• Food Services
• Health and Beauty Retailers
• Independent Small Grocers
• Online Retail
• Pharmaceutical & Drug Stores
Age Groups Covered:
• Wholesale Market
• Restaurant and Coffeehouse
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Chocolate Confectionery Market is majorly driven by the increasing demand for chocolates and the declining price of cocoa beans which are used as raw material in the processing of chocolate items.
The dark chocolate segment is growing at the highest CAGR due to the increasing per capita income of consumers across the world has led to increased spending on premium, dark chocolates.
North America dominated with a significant market share owing to the increasing demand for premiumized chocolate confectioneries.
The Asia Pacific market is growing at the highest CAGR due to the demand for chocolate confectioneries in emerging economies such as China and India.
Key players in Chocolate Confectionery Market include Barry Callebaut, Blommer Chocolate Company, Chocoladefabriken Lindt & Sprüngli AG Seestrasse, Ezaki Glico Co. Ltd., Ferrero Group, Foley's Candies LP, Haribo GmbH & Co. K.G., Honest Chocolate, Lindt & Sprungli AG, Mars Inc., Meiji Co. Ltd., Mondelez International Inc., Nestlé, Pladis, and The Hershey Company.
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