Product Code: r6785
“Chocolate Confectionery Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on chocolate confectionery market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
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- Benchmark performance against key competitors.
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Where is the largest and fastest growing market for chocolate confectionery? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The chocolate confectionery market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Milk Chocolate; Dark Chocolate; White chocolate
- 2) By Category: Premium; Seasonal; Everyday
- 3) By Distribution Channel: Supermarkets And Hypermarkets; Convenience Stores; Pharmaceutical and drug stores; Specialty stores; Duty-free stores; E-commerce; Other Distribution Channels
- Companies Mentioned: Barry Callebaut; The Hershey Company; Nestle SA; Mars Incorporated; Lotte Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the chocolate confectionery market are: Barry Callebaut, The Hershey Company, Nestle SA, Mars Incorporated, Lotte Corporation, Mondelez International Inc., Chocoladefabriken Lindt & Sprungli AG, Ferrero SpA, Lake Champlain Chocolates, Cemoi Group, Olam International, Koninklijke DSM N.V., Kerry Group PLC, Delfi Limited, and Tate & Lyle PLC.
The global chocolate confectionery market is expected to grow from $175.83 billion in 2022 to $185.09 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The chocolate confectionery market is expected to reach $216.81 billion in 2027 at a CAGR of 4.0%.
The chocolate confectionery market consists of sales of chocolate-covered candies, chocolate bars, and chocolate-covered fruits. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Chocolate confectionery includes ready-to-eat foods containing chocolate, cocoa, or non - fat cocoa solids, along with foods with a coating that is either covered in chocolate or has a chocolate flavour.
Europe was the largest region in the chocolate confectionery market in 2022. The regions covered in chocolate confectionery report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of chocolate confectionery are milk chocolate, dark chocolate, and white chocolate, which come under several categories, including premium, seasonal, and everyday. Milk chocolate is a variety of chocolate created from chocolate bars comprising cocoa, sugar, and milk. These are sold through various distribution channels, such as supermarkets and hypermarkets, convenience stores, pharmaceutical and drug stores, specialty stores, duty-free stores, e-commerce, and others.
The increased chocolate consumption is expected to propel the growth of the chocolate confectionery market going forward. Chocolate consumption refers to the total amount of chocolate that an individual or population consumes over a given time frame. People of all ages consume chocolate, and its increasing consumption will help chocolate confectioneries produce more chocolate and related products. For instance, in December 2020, according to statistics shared by the National Confectioners Association (NCA), a US-based trade organization that promotes chocolate, candy, gum, and mint, In 2021, overall chocolate sales were $16.7 billion, a 9.2% increase over the previous year. Furthermore, total chocolate sales in 2022 were $18.2 billion. Therefore, increased chocolate consumption is driving the growth of the chocolate confectionery market going forward.
Product innovations have emerged as a key trend gaining popularity in the chocolate confectionery market. Major companies operating in the chocolate confectionery market are focused on innovating new products to sustain their position in the market. For instance, in November 2022, Fabelle (a brand from ITC Limited), an India-based maker of luxury chocolate, launched Fabelle Finesse, the world's finest chocolate. Chocolate as thin as seven microns may now be produced by Fabelle thanks to a ground-breaking technological advancement by ITC called the Cocoa Finesser. This method assists in bringing chocolate particle size down to a new benchmark level that is impossible to accomplish with just the traditional refining process.
In June 2021, The Hershey Company, a US-based chocolate manufacturer, acquired Lily's Sweets LLC for $ 425 million. With this acquisition, Lily's well-liked low-sugar products are expected to be a wonderful fit for Hershey's multifaceted better-for-you snacking strategy and are anticipated to enhance its current iconic BFY offerings. Lily's Sweets LLC is a US-based producer of confectionery products, including chocolate bars.
The countries covered in the chocolate confectionery market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The chocolate confectionery market research report is one of a series of new reports from The Business Research Company that provides chocolate confectionery market statistics, including chocolate confectionery industry global market size, regional shares, competitors with a chocolate confectionery market share, detailed chocolate confectionery market segments, market trends and opportunities, and any further data you may need to thrive in the chocolate confectionery industry. This chocolate confectionery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Chocolate Confectionery Market Characteristics
3. Chocolate Confectionery Market Trends And Strategies
4. Chocolate Confectionery Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Chocolate Confectionery Market
- 4.2. Ukraine-Russia War Impact On Chocolate Confectionery Market
- 4.3. Impact Of High Inflation On Chocolate Confectionery Market
5. Chocolate Confectionery Market Size And Growth
- 5.1. Global Chocolate Confectionery Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Chocolate Confectionery Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Chocolate Confectionery Market Segmentation
- 6.1. Global Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Milk Chocolate
- Dark Chocolate
- White chocolate
- 6.2. Global Chocolate Confectionery Market, Segmentation By Category, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Premium
- Seasonal
- Everyday
- 6.3. Global Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Supermarkets And Hypermarkets
- Convenience Stores
- Pharmaceutical and drug stores
- Specialty stores
- Duty-free stores
- E-commerce
- Other Distribution Channels
7. Chocolate Confectionery Market Regional And Country Analysis
- 7.1. Global Chocolate Confectionery Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Chocolate Confectionery Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Chocolate Confectionery Market
- 8.1. Asia-Pacific Chocolate Confectionery Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Chocolate Confectionery Market
- 9.1. China Chocolate Confectionery Market Overview
- 9.2. China Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Chocolate Confectionery Market
- 10.1. India Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Chocolate Confectionery Market
- 11.1. Japan Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Chocolate Confectionery Market
- 12.1. Australia Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Chocolate Confectionery Market
- 13.1. Indonesia Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Chocolate Confectionery Market
- 14.1. South Korea Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Chocolate Confectionery Market
- 15.1. Western Europe Chocolate Confectionery Market Overview
- 15.2. Western Europe Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Chocolate Confectionery Market
- 16.1. UK Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Chocolate Confectionery Market
- 17.1. Germany Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Chocolate Confectionery Market
- 18.1. France Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Chocolate Confectionery Market
- 19.1. Eastern Europe Chocolate Confectionery Market Overview
- 19.2. Eastern Europe Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Chocolate Confectionery Market
- 20.1. Russia Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Chocolate Confectionery Market
- 21.1. North America Chocolate Confectionery Market Overview
- 21.2. North America Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Chocolate Confectionery Market
- 22.1. USA Chocolate Confectionery Market Overview
- 22.2. USA Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Chocolate Confectionery Market
- 23.1. South America Chocolate Confectionery Market Overview
- 23.2. South America Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Chocolate Confectionery Market
- 24.1. Brazil Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Chocolate Confectionery Market
- 25.1. Middle East Chocolate Confectionery Market Overview
- 25.2. Middle East Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Chocolate Confectionery Market
- 26.1. Africa Chocolate Confectionery Market Overview
- 26.2. Africa Chocolate Confectionery Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Chocolate Confectionery Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Chocolate Confectionery Market Competitive Landscape And Company Profiles
- 27.1. Chocolate Confectionery Market Competitive Landscape
- 27.2. Chocolate Confectionery Market Company Profiles
- 27.2.1. Barry Callebaut
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. The Hershey Company
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Nestle SA
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Mars Incorporated
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Lotte Corporation
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Chocolate Confectionery Market
29. Chocolate Confectionery Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer