NEW YORK, Jan. 18, 2023 /PRNewswire/ -- The chocolate confectionery market is fragmented, characterized by the presence of many competitors offering similar products. Vendors compete based on the quality, taste, innovation, and packaging of chocolate products. International players are increasing their footprints globally. This creates significant challenges for regional vendors that cannot compete based on quality and taste. Technavio expects the competitive environment to intensify during the forecast period with an increase in product or service extensions, M&A, and innovations in technology by leading global and regional vendors.
The chocolate confectionery market size is forecasted to grow by USD 27.33 billion during the forecast period. The growth momentum of the market is estimated to accelerate at a CAGR of 4.01% from 2022 to 2027, according to Technavio.
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Chocolate confectionery market 2023-2027: Scope
The chocolate confectionery market report covers the following areas:
- Chocolate Confectionery Market Size
- Chocolate Confectionery Market Trends
- Chocolate Confectionery Market Industry Analysis
Chocolate confectionery market 2023-2027: Segmentation
- Product
- Chocolate Bars - The chocolate bars segment will grow at a significant rate during the forecast period. The chocolate bars segment comprises sub-segments such as the countlines and molded bars segments. Countlines are individually wrapped chocolate-coated bars and molds are small chocolate pieces cut from large chocolate blocks. The major factors driving the segment growth are the launch of unique chocolate flavors and textures in chocolate confectionery products and the use of attractive packaging.
- Boxed Assortments And Seasonal Variants
- Others
- Distribution Channel
- Offline
- Online
- Geography
- APAC- APAC is estimated to account for 31% of the growth of the global market during the forecast period. Another region offering significant growth opportunities to vendors is Europe. The demand is particularly high during festivals and occasions such as Easter, Christmas, and Valentine's Day. Chocolate confectioneries such as chocolate truffles, chocolate-dipped marshmallows, and Easter eggs filled with chocolate are some of the popular confectioneries for gifting. The UK, Germany, France, Switzerland, Italy, Russia, the Netherlands, Poland, Belgium, and Spain are the major countries in the region that exhibit a high demand for chocolate confectionery products.
- Europe
- North America
- South America
- Middle East And Africa
Chocolate confectionery market 2023-2027: Vendor Analysis
Boutique and Workshop, Cargill Inc., CEMOI Group, Chocoladefabriken Lindt and Sprungli AG, Chukar Cherry Co. Inc., Divine Chocolate Ltd., Ezaki Glico Co. Ltd., Ferrero International S.A., Firetree Chocolate Ltd., Lotte Corp, Mars Inc., Mast Brothers Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Moo Free Ltd., Nestle SA, Neuhaus NV, Peeps and Co. Inc., The Hershey Co., and Barry Callebaut AG are among some of the major market participants.
Chocolate Confectionery Market 2023-2027: Key Highlights
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will assist chocolate confectionery market growth during the next five years
- Estimation of the chocolate confectionery market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the chocolate confectionery market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of the chocolate confectionery market, vendors
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Related Reports:
The chocolate market share is expected to increase by USD 41.15 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.05%. Furthermore, this report extensively covers chocolate market segmentation by product (milk chocolate, dark chocolate, and white chocolate) and geography (Europe, North America, APAC, South America, MEA).
The confectionery market share is expected to increase by USD 61.69 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.75%. Furthermore, this report extensively covers confectionery market segmentation by product (chocolate, sugar confectionery, and gums) and geography (Europe, North America, APAC, South America, and Middle East and Africa).
Chocolate Confectionery Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.01% |
Market growth 2023-2027 |
USD 27.33 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.51 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 31% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Boutique and Workshop, Cargill Inc., CEMOI Group, Chocoladefabriken Lindt and Sprungli AG, Chukar Cherry Co. Inc., Divine Chocolate Ltd., Ezaki Glico Co. Ltd., Ferrero International S.A., Firetree Chocolate Ltd., Lotte Corp, Mars Inc., Mast Brothers Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Moo Free Ltd., Nestle SA, Neuhaus NV, Peeps and Co. Inc., The Hershey Co., and Barry Callebaut AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Contents:
1 Executive Summary
- 1.1 Market Overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market Definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global chocolate confectionery market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global chocolate confectionery market 2017 - 2021 ($ billion)
- 4.2 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
- 4.3 Distribution Channel Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
- 6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product
- 6.3 Chocolate bars - Market size and forecast 2022-2027
- Exhibit 34: Chart on Chocolate bars - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on Chocolate bars - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on Chocolate bars - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Chocolate bars - Year-over-year growth 2022-2027 (%)
- 6.4 Boxed assortments and seasonal variants - Market size and forecast 2022-2027
- Exhibit 38: Chart on Boxed assortments and seasonal variants - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on Boxed assortments and seasonal variants - Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on Boxed assortments and seasonal variants - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Boxed assortments and seasonal variants - Year-over-year growth 2022-2027 (%)
- 6.5 Others - Market size and forecast 2022-2027
- Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.6 Market opportunity by Product
- Exhibit 46: Market opportunity by Product ($ billion)
7 Market Segmentation by Distribution Channel
- 7.1 Market segments
- Exhibit 47: Chart on Distribution Channel - Market share 2022-2027 (%)
- Exhibit 48: Data Table on Distribution Channel - Market share 2022-2027 (%)
- 7.2 Comparison by Distribution Channel
- Exhibit 49: Chart on Comparison by Distribution Channel
- Exhibit 50: Data Table on Comparison by Distribution Channel
- 7.3 Offline - Market size and forecast 2022-2027
- Exhibit 51: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Chart on Offline - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Offline - Year-over-year growth 2022-2027 (%)
- 7.4 Online - Market size and forecast 2022-2027
- Exhibit 55: Chart on Online - Market size and forecast 2022-2027 ($ billion)
- Exhibit 56: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
- Exhibit 57: Chart on Online - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Online - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Distribution Channel
- Exhibit 59: Market opportunity by Distribution Channel ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 61: Chart on Market share by geography 2022-2027 (%)
- Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 63: Chart on Geographic comparison
- Exhibit 64: Data Table on Geographic comparison
- 9.3 Europe - Market size and forecast 2022-2027
- Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.4 North America - Market size and forecast 2022-2027
- Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.5 APAC - Market size and forecast 2022-2027
- Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 Germany - Market size and forecast 2022-2027
- Exhibit 85: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 86: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 87: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.9 US - Market size and forecast 2022-2027
- Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.10 China - Market size and forecast 2022-2027
- Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.11 UK - Market size and forecast 2022-2027
- Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.12 India - Market size and forecast 2022-2027
- Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 105: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 106: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 108: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 109: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 110: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 111: Matrix on vendor position and classification
- 12.3 Boutique and Workshop
- Exhibit 112: Boutique and Workshop - Overview
- Exhibit 113: Boutique and Workshop - Product / Service
- Exhibit 114: Boutique and Workshop - Key offerings
- 12.4 Barry Callebaut AG
- Exhibit 115: Barry Callebaut AG - Overview
- Exhibit 116: Barry Callebaut AG - Business segments
- Exhibit 117: Barry Callebaut AG - Key news
- Exhibit 118: Barry Callebaut AG - Key offerings
- Exhibit 119: Barry Callebaut AG - Segment focus
- 12.5 Cargill Inc.
- Exhibit 120: Cargill Inc. - Overview
- Exhibit 121: Cargill Inc. - Product / Service
- Exhibit 122: Cargill Inc. - Key news
- Exhibit 123: Cargill Inc. - Key offerings
- 12.6 CEMOI Group
- Exhibit 124: CEMOI Group - Overview
- Exhibit 125: CEMOI Group - Product / Service
- Exhibit 126: CEMOI Group - Key offerings
- 12.7 Chocoladefabriken Lindt and Sprungli AG
- Exhibit 127: Chocoladefabriken Lindt and Sprungli AG - Overview
- Exhibit 128: Chocoladefabriken Lindt and Sprungli AG - Business segments
- Exhibit 129: Chocoladefabriken Lindt and Sprungli AG - Key news
- Exhibit 130: Chocoladefabriken Lindt and Sprungli AG - Key offerings
- Exhibit 131: Chocoladefabriken Lindt and Sprungli AG - Segment focus
- 12.8 Chukar Cherry Co. Inc.
- Exhibit 132: Chukar Cherry Co. Inc. - Overview
- Exhibit 133: Chukar Cherry Co. Inc. - Product / Service
- Exhibit 134: Chukar Cherry Co. Inc. - Key offerings
- 12.9 Ezaki Glico Co. Ltd.
- Exhibit 135: Ezaki Glico Co. Ltd. - Overview
- Exhibit 136: Ezaki Glico Co. Ltd. - Business segments
- Exhibit 137: Ezaki Glico Co. Ltd. - Key offerings
- Exhibit 138: Ezaki Glico Co. Ltd. - Segment focus
- 12.10 Ferrero International S.A.
- Exhibit 139: Ferrero International S.A. - Overview
- Exhibit 140: Ferrero International S.A. - Product / Service
- Exhibit 141: Ferrero International S.A. - Key offerings
- 12.11 Firetree Chocolate Ltd.
- Exhibit 142: Firetree Chocolate Ltd. - Overview
- Exhibit 143: Firetree Chocolate Ltd. - Product / Service
- Exhibit 144: Firetree Chocolate Ltd. - Key offerings
- 12.12 Lotte Corp
- Exhibit 145: Lotte Corp - Overview
- Exhibit 146: Lotte Corp - Business segments
- Exhibit 147: Lotte Corp - Key offerings
- Exhibit 148: Lotte Corp - Segment focus
- 12.13 Mars Inc.
- Exhibit 149: Mars Inc. - Overview
- Exhibit 150: Mars Inc. - Product / Service
- Exhibit 151: Mars Inc. - Key offerings
- 12.14 Meiji Holdings Co. Ltd.
- Exhibit 152: Meiji Holdings Co. Ltd. - Overview
- Exhibit 153: Meiji Holdings Co. Ltd. - Business segments
- Exhibit 154: Meiji Holdings Co. Ltd. - Key news
- Exhibit 155: Meiji Holdings Co. Ltd. - Key offerings
- Exhibit 156: Meiji Holdings Co. Ltd. - Segment focus
- 12.15 Mondelez International Inc.
- Exhibit 157: Mondelez International Inc. - Overview
- Exhibit 158: Mondelez International Inc. - Business segments
- Exhibit 159: Mondelez International Inc. - Key news
- Exhibit 160: Mondelez International Inc. - Key offerings
- Exhibit 161: Mondelez International Inc. - Segment focus
- 12.16 Nestle SA
- Exhibit 162: Nestle SA - Overview
- Exhibit 163: Nestle SA - Business segments
- Exhibit 164: Nestle SA - Key news
- Exhibit 165: Nestle SA - Key offerings
- Exhibit 166: Nestle SA - Segment focus
- 12.17 The Hershey Co.
- Exhibit 167: The Hershey Co. - Overview
- Exhibit 168: The Hershey Co. - Business segments
- Exhibit 169: The Hershey Co. - Key news
- Exhibit 170: The Hershey Co. - Key offerings
- Exhibit 171: The Hershey Co. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 172: Inclusions checklist
- Exhibit 173: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 174: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 175: Research methodology
- Exhibit 176: Validation techniques employed for market sizing
- Exhibit 177: Information sources
- 13.5 List of abbreviations
- Exhibit 178: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
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