The segment is projected to retain its dominance throughout the forecast period, owing to the high consumer inclination toward shopping for grocery products from supermarkets. See for yourself. Choose reports from a database of more than 10,000 reports. The online distribution channel is anticipated to be the fastest-growing segment during the forecast period. Strategic InitiativesFor more information about this report visit https://www.researchandmarkets.com/r/1we4gr, Research and MarketsLaura Wood, Senior Manager[emailprotected], For E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900, U.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716, Cision Distribution 888-776-0942 We are GDPR and CCPA compliant! The premium confectionery products in the chocolate segment have been growing in recent years as brands launch products with label claims such as vegan, cruelty-free, organic, and paleo, aimed at differentiating their offerings with healthier titles. DUBLIN, June 8, 2022 /PRNewswire/ --The "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, 2022-2030" report has been added to ResearchAndMarkets.com's offering. Some key players operating in the chocolate confectionery market include The Hershey Company; Ferrero; Chocoladefabriken Lindt & Sprngli AG; Mars, Incorporated; Mondelz International; Nestl; CEMOI Group; Barry Callebaut; Lake Champlain Chocolates; LOTTE. Chocolate confectionery Market: Type Estimates & Trend Analysis6.1. Key company market share analysis, 2021Chapter 10. Others5.6.1. According to the Global Diabetes Community, U.K., it is estimated that 415 million people had diabetes in 2018 across the world and is expected to rise to 642 million people living with the disease worldwide by 2040. The rapid escalation in demand for premium or specialty chocolates, especially in developed markets such as the U.S., France, Belgium, and Germany has been observed in recent years and an upward trend is expected in the coming years. Strategic Initiatives10.9. According to CBI Ministry of Foreign Affairs (EU), the global per capita consumption of chocolate was 0.9 kg per year while the same is higher in European nations (Switzerland at 10.5 kg and Germany at 9.2 kg per capita per year). Privacy Policy. Distribution Channel Movement Analysis & Market Share, 2021-20307.2.
The mature markets across the world such as Australia, Canada, Russia, and others have shown notable growth in seasonal launches in the past few years. Consumers consider a variety of factors when shopping for confectionery products, with many purchasing premium items. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. Consumers have purchased chocolate snacks and other confectionery products in bulk to sustain them for the next few months. Product Benchmarking10.2.4. Lake Champlain Chocolates10.9.1. Free report customization (equivalent up to 8 analysts working days) with purchase. This market is primarily driven by evolving preferences for novel and innovative confectionery products. The global chocolate confectionery market is expected to grow at a compound annual growth rate of 6.4% from 2022 to 2030 to reach USD 312.6 billion by 2030. b. Europe dominated the chocolate confectionery market with a share of 32.6% in 2021. Demographic Analysis4.2. Buyer Power3.6.1.3. Financial Performance10.8.3. The spread of the COVID-19 pandemic and extended period of lockdowns is negatively affecting the chocolate product sales. Dark chocolate confectionery market estimates and forecast, 2017-2030 (USD Billion)6.4. Industry opportunities3.6. Premiumization is a budding trend driving the demand for premium and luxury chocolates in developed economies. The market is competitive, owing to the presence of many global and domestic companies. The rising per capita income of consumers across the world has led to increased spending on premium, dark chocolates.
Many key companies have been acquiring premium chocolate brands to expand their brand portfolio. Discounted price for multiple reports across domains, 2.
The demand for chocolate confectioneries in emerging economies such as China and India has witnessed an upward trend in recent years, attributed to the increasing consumer expenditure on indulgent confectionery products, especially chocolate items. However, there is a swift reduction in the demand for premium chocolates amidst the pandemic wherein premium and specialty chocolate products are used seasonally and are majorly used as gifting products during travelling and festival celebrations. According to a survey published by YouGov PLC in February 2021, stated that approximately 49% of Americans in the U.S. are partial to milk chocolates. 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. Moreover, the increased importance of seasonal chocolates during special events and their increased affordability is also aiding the growth of the market. Profit Margin Analysis3.5. Mondelez International10.5.1. Europe is the largest market for confectionery products of chocolate and is expected to rise at a CAGR of 1.7% during the forecast period from 2020 to 2027. Milk type was the largest segment in 2021. Consumers are looking for high-quality products that are good for their health and the environment. The key brands in the market are capitalizing on such demands. For instance, Nestl has patented a new process to naturally sweeten chocolate and to cut the use of refined sugar. They are popular among consumers owing to their convenient size. Industry Analysis-Porter's Five Forces3.6.1.1. These bars are certified Kosher, trans-fat-free, and non-GMO. Chocolates have become a popular dessert of religious events, special occasions such as Christmas, Easter, and others. With a rising preference for milk type category, many companies have been launching new products with clean labels such as organic, vegan, and certified Kosher to expand the existing product portfolio. We never share your personal data. Financial Performance10.9.3. Reticence of U.S. Consumers towards Sugar Intake is Affecting Sales by Volume. Furthermore, the situation is leading to the disruption of the supply chains including the movement of raw materials from the producing countries to the consuming countries.
Such factors are likely to complement the overall market growth for healthier products. CEMOI Group10.7.1. Barry Callebaut to Invest in Innovation & Expansion to Strengthen Market Presence. Boxed5.2.1. Robust Demand for Specialty Chocolate Products Supports Market Growth. Industry Value Chain Analysis3.4.1.
Fortune Business Insights says that the global chocolate confectionery market size was valued at USD 114.33 billion in 2019 and is projected to reach USD 136.42 billion by 2027. Type Movement Analysis & Market Share, 2021 & 20306.2. For instance, in February 2020, the company launched completely dairy-free chocolates to its plant craft range. Market estimates and forecast through supermarkets & hypermarkets, 2017-2030 (USD Billion)7.3. Product Outlook (Revenue, USD Billion, 2017 -2030), Type Outlook (Revenue, USD Billion, 2017 - 2030), Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030), Regional Outlook (Revenue, USD Billion, 2017 - 2030), b. Company Overview10.4.2. This will enable the market players to achieve sustainable growth in the industry.
The per capita consumption of chocolate in these countries is higher than the countries of other regions. Furthermore, new product launches in the region by international players are likely to bode well with the regional growth. Our support available to help you 24 hours a day, five days a week. However, the chips & bites segment is projected to register the fastest growth from 2022 to 2030. It is a 70% dark chocolate bar made of cocoa fruit under its Les Recettes de LAtelier brand. Online7.4.1. Company Overview10.8.2. Chocolate Confectionery Market: Product Estimates & Trend Analysis5.1. Who are the major players in this market? Product Benchmarking10.6.4. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)9.3. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market over recent years. By continuing to visit this site you agree to our use of cookies . Product Benchmarking10.5.4. Substitution Threat3.6.1.4. Amidst the global pandemic crisis and the indefinite lockdown across nations, the consumer food & beverage industry first witnessed high demand for household staples, healthy food items, and consumables with longer shelf lives. 6. This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2017 to 2030. Sales/Retail Channel Analysis3.4.2. The rising trend of organic and sustainably sourced chocolate has contributed to new product developments in the chocolate confectionery industry. Looking forward to work together in the future, It has been a delightful experience working with you guys. The demand for premium chocolates is growing across the world due to the rising consumer discretionary income and evolving gifting tradition. Further, strong advertising and marketing campaigns for vegan, gluten-free, low-sugar chocolates are also driving the demand. Complimentary 10 hours free analyst time for market review, 3. Consumers in the U.S. are becoming more inclined towards chocolate confectionery products having reduced sugar content to cut down on the sugar intake levels. Growing Awareness Regarding Health Risks Associated with Chocolate Confectioneries to Impede Market Growth. France and Belgium have witnessed considerable growth in the recent past. New technologies for chocolate confectionery formulation along with the beneficial natural flavors and other ingredients have given rise to a new phase in this industry. Product Benchmarking10.7.4. "Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI100539. On the other hand, the volume demand for sugar-free chocolates is expected to grow at a CAGR of 6.3% in the country. Chips & Bites5.4.1. Consumers are looking for healthy products that also provide indulgence. Competitive Analysis9.1. What are the factors driving the chocolate confectionery market. Truffles & Cups5.5.1. Consumer Trends and Preferences4.3. How big is the chocolate confectionery market? Furthermore, demand for high-quality products is getting stronger among the consumers, which is likely to propel market growth. According to the survey conducted by Cargills North America Cocoa & Chocolate team of 600 U.S. grocery shoppers in February 2021, approximately one-third of the Americans in the country increased chocolate consumption during the pandemic. Which segment accounted for the largest chocolate confectionery market share? Company Overview10.10.2. Product Benchmarking10.1.4. Which is the leading segment in the market? The volume sales in the U.S. reached 1,410.20 thousand tons in 2019 and is projected to witness a marginal growth trend throughout the forecast years due to the consumer reticence towards high sugar intake. The robust food & drinks industry in Europe is likely to boost the market growth in this region as well 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.
White6.4.1. The Hershey Company, Ferrero, Chocoladefabriken Lindt & Sprungli AG, Mars, Incorporated, Mondelez International, Nestle, CEMOI Group, Barry Callebaut, Lake Champlain Chocolates, and LOTTE are among the prominent players in the global market.Chocolate Confectionery Market Report Highlights, Key Topics Covered: Chapter 1. Dark6.3.1. The global chocolate confectionery market size is expected to reach USD 312.6 billion by 2030, expanding at a CAGR of 6.4% during the forecast period. Consumer Distribution Channel Adoption4.5. Molded bars market estimates and forecast, 2017-2030 (USD Billion)5.4. Bar chocolates are the most consumed chocolate form in the world. According to the National Confectioners Association (NCA), sales of chocolate confectionery products through supermarkets increased by 17.9% between March 2020 to August 2020 as compared to the same period last year. Strategic Initiatives10.4. Supermarkets & Hypermarkets7.2.1. Strategic Initiatives10.3. Financial Performance10.5.3. Other chocolate confectionery market estimates and forecast, 2017-2030 (USD Billion)Chapter 6. Free trial, before you make a purchase decision. Growing at a CAGR of 2.3%, the market will exhibit steady growth in the forecast period (2020-2027). The online distribution channel segment is expected to register the fastest growth during the forecast period. Growing consumer preference for online platforms has prompted companies to offer products through this channel. Market Introduction3.2. The increasing prevalence of lifestyle-related health conditions such as obesity and diabetes associated with excessive sugar consumption is having a significant impact on the chocolate industry. The product range consists of five bars in three flavors such as peanut butter, milk mousse, and creamy caramel. North America is the major market shareholder due to the growing demand for premiumized chocolate confectioneries.