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Chocolate Confectionery Market

Global Chocolate Confectionery Market Size, Share, Forecast: By Type: Dark Chocolate, Milk Chocolate, White Chocolate; By Product: Boxed, Countlines, Moulded Bars, Seasonal Chocolates, Straightlines, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Chocolate Confectionery Market Outlook

The global chocolate confectionery market attained a value of nearly USD 214.31 billion in 2023. The market is estimated to grow in the forecast period of 2024-2032 at a CAGR of 2.9% to reach about USD 277.19 billion by 2032.

 

chocolate-confectionery-market

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North America Holds a Significant Market Share of Chocolate Confectionery

North America holds a significant share in the global chocolate confectionery market owing to the growing demand for premium and high-quality chocolates. Moreover, the increasing preference for healthy products by consumers is driving the development of healthy chocolate confectioneries in the market. Additionally, Europe is expected to witness robust growth owing to the extensive presence of manufacturers of chocolate products in countries like Germany, Italy, Belgium, and France. The continuous innovations in terms of flavours of chocolate are also bolstering the market for chocolate confectionery. Based on type, the dark chocolate segment is witnessing substantial growth in the market for chocolate confectionery owing to the health benefits associated with the consumption of dark chocolate like improvement in blood flow, lowered blood pressure, reduction in heart disease risk, improvement in brain function, and protection of LDL from oxidation, among others.

 

Market Segmentation

Chocolate confectionery refers to any semi-solid or solid food primarily composed of cocoa or chocolate with or without the addition of nuts or fruits. It contains food made by covering, coating, or representing sugar confectionery in chocolate but does not contain biscuits that have been filled, cooked or flavoured with chocolate ice cream or chocolate, or baked confectionery flavoured with chocolate.

 

chocolate-confectionery-market-by-segment

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The chocolate confectionery market, by type, is divided into:

  • Dark Chocolate
  • Milk Chocolate
  • White Chocolate

The market can be broadly categorised on the basis of product segments into:

  • Boxed
  • Countlines
  • Moulded Bars
  • Seasonal Chocolates
  • Straightlines
  • Others

The EMR report looks into the regional markets of chocolate confectionery like Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa.

 

chocolate-confectionery-market-by-region

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Increasing Preferences for Novel Confectionery Products to Fuel the Market Growth of Chocolate Confectionery

The global chocolate confectionery market is anticipated to witness substantial growth during the forecast period on account of the rising demand for high-quality products among consumers. Going further, the increasing adoption of healthy eating habits is boosting the inclination towards sugar-free and healthy chocolate confectionery across the globe. Moreover, consumers are willing to pay more for chocolate confectionery with diverse flavours and premium quality, hence fuelling the market. The rising trend of organic chocolates is further accelerating the market growth of chocolate confectionery. The increasing brand awareness among consumers, the growing popularity of western products in developing countries, changing tastes and preferences of consumers, and the growing trend of gifting confectionery products like chocolates, bakery items and cookies coated with chocolate, among others, are expected to propel the market growth of chocolate confectionery across the globe over the coming years.

 

Key Players in the Global Market for Chocolate Confectionery

The report presents a detailed analysis of the following key players in the global chocolate confectionery market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Barry Callebaut
  • Nestlé S.A
  • Ferrero International
  • Mondelez Global LLC
  • Meiji Holdings Co., Ltd.
  • Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Product
  • Region
Breakup by Type
  • Dark Chocolate
  • Milk Chocolate
  • White Chocolate
Breakup by Product
  • Boxed
  • Countlines
  • Moulded Bars
  • Seasonal Chocolates
  • Straightlines
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Barry Callebaut
  • Nestlé S.A
  • Ferrero International
  • Mondelez Global LLC
  • Meiji Holdings Co., Ltd.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Application
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Chocolate Confectionery Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Chocolate Confectionery Historical Market (2018-2023) 
    8.3    Global Chocolate Confectionery Market Forecast (2024-2032)
    8.4    Global Chocolate Confectionery Market by Type
        8.4.1    Dark Chocolate
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Milk Chocolate
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    White Chocolate 
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Chocolate Confectionery Market by Product
        8.5.1    Boxed
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Countlines
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Moulded Bars
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Seasonal Chocolates
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Straightlines
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others    
    8.6    Global Chocolate Confectionery Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Chocolate Confectionery Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Chocolate Confectionery Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Chocolate Confectionery Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Chocolate Confectionery Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Chocolate Confectionery Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market  Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Barry Callebaut
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Nestlé S.A
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Ferrero International
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Mondelez Global LLC
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Meiji Holdings Co., Ltd.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Chocolate Confectionery Market: Key Industry Highlights, 2018 and 2032
2.    Global Chocolate Confectionery Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Chocolate Confectionery Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Chocolate Confectionery Historical Market: Breakup by Product (USD Billion), 2018-2023
5.    Global Chocolate Confectionery Market Forecast: Breakup by Product (USD Billion), 2024-2032
6.    Global Chocolate Confectionery Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Chocolate Confectionery Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Chocolate Confectionery Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Chocolate Confectionery Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Chocolate Confectionery Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Chocolate Confectionery Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Chocolate Confectionery Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Chocolate Confectionery Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Chocolate Confectionery Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Chocolate Confectionery Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Chocolate Confectionery Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Chocolate Confectionery Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Chocolate Confectionery Market Structure

Key Questions Answered in the Report

In 2023, the global chocolate confectionery market attained a value of nearly USD 214.31 billion.

The market is assessed to grow at a CAGR of 2.9% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 277.19 billion by 2032.

The major market drivers are changing tastes and preferences, rapid urbanisation, and the increasing demand for confectionery products.

The key market trends guiding the growth of the market include the growing demand for chocolates, the surging preference for high-quality chocolate confectionery, and the increasing consumption of dark chocolate as a healthy food ingredient among consumers.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The different types of chocolate confectionery in the market are dark chocolate, milk chocolate, and white chocolate.

The major products of chocolate confectionery, include boxed, countlines, moulded bars, seasonal chocolates, and straightlines, among others.

The major players in the market are Barry Callebaut, Nestlé S.A, Ferrero International, Mondelez Global LLC, and Meiji Holdings Co., Ltd., among others.

Analyst Review

The global chocolate confectionery market attained a value of nearly USD 214.31 billion in 2023, driven by the surging demand for premium chocolates. Aided by the growing awareness regarding the health benefits of cocoa, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 2.9%. The market is estimated to reach about USD 277.19 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. The market for chocolate confectionery, by product, is divided into dark chocolate, milk chocolate, and white chocolate. On the basis of product, the market is classified into boxed, countlines, moulded bars, seasonal chocolates, and straightlines, among others. The major regional markets for chocolate confectionery are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Barry Callebaut, Nestlé S.A, Ferrero International, Mondelez Global LLC, and Meiji Holdings Co., Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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