Global Chocolate Confectionery Market Overview
Confectionery, also called sweets or candy, is sweet food. Consumer habits, tastes, and preferences are constantly evolving. This has led to innovation in the field of confectionery that drives the market growth. Manufacturers are increasing their product range by including functional ingredients, organic herbal fillings, tropical fruit, and nut-based & exotic flavors in product formulations to meet changing consumer demands. Brands are constantly establishing unique engaging techniques to seek consumer attention as confectionery products are significantly purchased as a result of impulse buying. These factors have cumulatively enabled to drive the market for confectionery products. The declining price of cocoa beans which is a key raw material in the manufacture of chocolate confectionery items is anticipated to have a favorable impact on market growth over the forecast period.
Impact of COVID19 Pandemic on Market
The outbreak of COVID-19 has caused a severe impact on the confectionery market. The stringent rules and lockdown during the course of 2020 have led to decrease in the confectionery business, which caused differential impact on raw material supply (agricultural produce, food ingredients, and intermediate food products), trade & logistics, demand-supply volatility, uncertain consumer demand, and affected the workforce at industrial level. One of the major factors that affected the confectionery industry during the lockdown was sales decline as a result of reduced gifting and impulse buying among consumers across the globe.
Global Chocolate Confectionery Market Dynamics
Rising the emergence of on-the-go snacks assure the growth of global confectionary market
Innovations in the market in terms of flavor and nutritional content are driving the market growth. Global confectionery manufacturers are focusing on the development of confectionery products with flavors such as coffee, fruits, cinnamon, and different ingredients. Recent approvals of factor concentrate by regulatory bodies, favorable government initiatives and mandates, and rising adoption of prophylaxis treatment are the key factors that are driving the market growth. The Chocolate Confectionary market growth is anticipated to increase due to favorable impact of advertising. Chocolate confectionery manufacturing companies conduct several marketing & promotional activities to increase the outreach of their products amongst their targeted end user segments. In addition, appealing packaging of products, innovative branding activities and promotional events increase the demand for chocolates amongst consumers. Gift packages with chocolates, products targeting holiday and festival seasons, “healthy snack sized” products are very popular amongst parents and children who constitute a major end user segment.
However, the rising consciousness among consumers towards sugar intake is the primary factor hindering the growth of the confectionery market. Sugar present in confectionery products is considered as a leading cause for diseases such as Obesity and Diabetes.
Global Chocolate Confectionery Market Segmentation
Global Chocolate Confectionery Market, By Product
The global chocolate confectionary market is segmented based on the product, type and region. Base on the product, the global market is segmented into Boxed, Countlines, Molded Bars, Seasonal Chocolates, Straightlines, and Others. Countlines dominated the global chocolate confectionery market in 2019, as it is an easy snacking option that can be eaten on-the-go.
On the basis of type, the target market is segmented into milk, dark, and white. Dark Type constitutes the highest growth. Dark chocolate is considered as a healthy snack owing to its nutrient content and its potential in lowering the risk of heart disease. Epidemiologists across the globe are suggesting consumption of dark and milk chocolate for heart health with clinically proven and study based facts.
Regional Insights
According to the region, market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe accounts for a major share in the confectionery market with predominance in the chocolate confectionery segment. However, the Asia-Pacific region is expected to witness significant CAGR during the confectionery market forecast period as a result of growing disposable income, increasing population, and new brand launches from established players.
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Attribute |
Details |
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The base year for estimation |
2019 |
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Forecast Period |
2019 - 2029 |
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Market Representation |
Revenue in USD Million & CAGR from 2019-2029 |
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Market Segmentation |
By Product - Boxed, Countlines, Molded Bars, Seasonal Chocolates, Straightlines, and Others By Type - Milk, Dark, and White By Region - North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
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Regional Scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report Coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered in the report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global chocolate confectionary market report based on product, type and region.
Global Chocolate Confectionery Market, By Product
- Boxed
- Countlines
- Molded Bars
- Seasonal Chocolates
- Straightlines
- Others
Global Chocolate Confectionery Market, By Type
- Milk
- Dark
- White
Global Chocolate Confectionery Market, By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Chocolate Confectionery Market Key Players
The key players operating in the global confectionery market include Mars, Incorporated, Mondelez International, Inc., Nestlé S.A., Ferrero Group, Meiji Co., Ltd., The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Ezaki Glico Co., Ltd., Haribo GmbH & Co. K.G., and Pladis.
Global Chocolate Confectionery Market Company Profile
- Mars
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Incorporated
- Mondelez International Inc.
- Nestlé S.A.
- Ferrero Group
- Meiji Co. Ltd.
- The Hershey Company
- Chocoladefabriken Lindt & Sprüngli AG
- Ezaki Glico Co. Ltd.
- Haribo GmbH & Co. K.G.
- Pladis.
Global Chocolate Confectionery Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Chocolate Confectionary Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product
- Market Snippet, By Type
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Chocolate Confectionary Market, By Product, 2019 – 2029, (US$ Mn)
- Boxed
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Countlines
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Molded Bars
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Seasonal Chocolates
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Straightlines
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Boxed
- Global Chocolate Confectionary Market, By Type Method, 2019 – 2029, (US$ Mn)
- Milk
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Dark
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- White
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Milk
- Global Chocolate Confectionary Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Mars
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Incorporated
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Mondelez International Inc.
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Nestlé S.A.
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Ferrero Group
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Meiji Co. Ltd.
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- The Hershey Company
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Chocoladefabriken Lindt & Sprüngli AG
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Ezaki Glico Co. Ltd.
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Haribo GmbH & Co. K.G.
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Pladis
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Mars
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global chocolate confection market is segmented based on product, type and region.
Rising initiatives by government bodies is the major factor driving growth of the global market
Europe accounts for a major share in the confectionery market with predominance in the chocolate confectionery segment.