The Worldwide Chocolate Confectionery Industry is Expected to Reach $312.6 Billion by 2030

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Jun 08, 2022, 12:15 ET

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.

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. The chocolate confectionery market growth is attributed to the increasing tradition of gifting chocolates, especially in Asian countries.

Further, strong advertising and marketing campaigns for vegan, gluten-free, low-sugar chocolates are also driving the demand. Manufacturers are launching a wide range of chocolate confectionery in the healthier segment, with claims such as vegan, gluten, and dairy-free to cater to the rising customer demand, which is increasing the scope of chocolate confectionery in the global market. For instance, in September 2020, Chocoladefabriken Lindt & Sprungli AG inaugurated the Lindt Home of Chocolate in Switzerland. The facility showcases a unique chocolate competence center, attractive museum, and open-view production plant.

The dark chocolate segment is expected to be the fastest-growing segment during the forecast period. Product launches in this segment by key players in the market are likely to supplement the overall segment growth. 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.

The supermarkets & hypermarkets distribution channel segment held the largest segment in 2021 and is expected to maintain dominance 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. 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

Asia Pacific is anticipated to witness substantial growth during the forecast period, owing to rising demand for bars confectionery. In addition, several large international players are setting up local manufacturing, production & storage facilities in this region such as in India and China.
Dark chocolate is likely to witness the fastest growth during the forecast period as it is considered a healthier option with lower calories as compared to milk and white chocolates.
The online distribution channel segment is expected to register the fastest growth during the forecast period. The recent outbreak of COVID-19 has increased the penetration of online retailers in the chocolate confectionery segment.

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Chocolate Confectionery Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on the Chocolate Confectionery Market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Driver Impact Analysis
3.5.2. Restraint Impact Analysis
3.5.3. Industry Challenges
3.5.4. Industry opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis-Porter's Five Forces
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of Chocolate Confectionery Market
3.8. Market Entry Strategies

Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Distribution Channel Adoption
4.5. Observations & Recommendations

Chapter 5. Chocolate Confectionery Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2021-2030
5.2. Boxed
5.2.1. Boxed chocolate market estimates and forecast, 2017-2030 (USD Billion)
5.3. Molded Bars
5.3.1. Molded bars market estimates and forecast, 2017-2030 (USD Billion)
5.4. Chips & Bites
5.4.1. Chocolate chips & bites market estimates and forecast, 2017-2030 (USD Billion)
5.5. Truffles & Cups
5.5.1. Chocolate truffles & cups market estimates and forecast, 2017-2030 (USD Billion)
5.6. Others
5.6.1. Other chocolate confectionery market estimates and forecast, 2017-2030 (USD Billion)

Chapter 6. Chocolate confectionery Market: Type Estimates & Trend Analysis
6.1. Type Movement Analysis & Market Share, 2021 & 2030
6.2. Milk
6.2.1. Milk chocolate confectionery market estimates and forecast, 2017-2030 (USD Billion)
6.3. Dark
6.3.1. Dark chocolate confectionery market estimates and forecast, 2017-2030 (USD Billion)
6.4. White
6.4.1. White chocolate confectionery market estimates and forecast, 2017-2030 (USD Billion)

Chapter 7. Chocolate confectionery Market: Distribution Channel Estimates & Trend Analysis
7.1. Distribution Channel Movement Analysis & Market Share, 2021-2030
7.2. Supermarkets & Hypermarkets
7.2.1. Market estimates and forecast through supermarkets & hypermarkets, 2017-2030 (USD Billion)
7.3. Convenience Stores
7.3.1. Market estimates and forecast through convenience stores, 2017-2030 (USD Billion)
7.4. Online
7.4.1. Market estimates and forecast through online, 2017-2030 (USD Billion)
7.5. Others
7.5.1. Market estimates and forecast through other distribution channel, 2017-2030 (USD Billion)

Chapter 8. Chocolate confectionery Market: Region Estimates & Trend Analysis

Chapter 9. Competitive Analysis
9.1. Key global players, recent developments & their impact on the industry
9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
9.3. Vendor Landscape
9.3.1. Key company market share analysis, 2021

Chapter 10. Company Profiles
10.1. The Hershey Company
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. Ferrero
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Strategic Initiatives
10.3. Chocoladefabriken Lindt & Sprungli AG
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Strategic Initiatives
10.4. Mars, Incorporated
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Strategic Initiatives
10.5. Mondelez International
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Strategic Initiatives
10.6. Nestle
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Strategic Initiatives
10.7. CEMOI Group
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Strategic Initiatives
10.8. Barry Callebaut
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Strategic Initiatives
10.9. Lake Champlain Chocolates
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Strategic Initiatives
10.10. LOTTE
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Strategic Initiatives

For more information about this report visit https://www.researchandmarkets.com/r/1we4gr