PUBLISHER: Azoth Analytics | PRODUCT CODE: 1267653
PUBLISHER: Azoth Analytics | PRODUCT CODE: 1267653
Azoth Analytics has released a research report named "Global Chocolate Retail Market (2023 Edition)" which provides a complete analysis of the global Chocolate Retail industry in terms of market segmentation by product type (dark chocolate, milk chocolate, white chocolate, ruby chocolate), form (bars, liquid, powder), distribution channel (supermarkets, hypermarkets, convenience stores, others), by region and by country.
The research study also looks at the market growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market evolution. During the forecast period, 2023-2028, the Global Chocolate Retail Market is expected to expand at a CAGR of 5.9%. Increasing disposable income, change in eating preferences and the developing trend of gifting chocolates on festivals and occasions are driving the global chocolate retail market.
The Global Chocolate Retail Market is expected to generate USD 176.20 billion by the end of 2028, up from USD 111.23 billion in 2021. As per European Union estimates, the world's average chocolate consumption amounts to an estimated 0.9 kg per capita per year. Chocolate retail has grown to be a multibillion-dollar industry, backed by rising per capita consumption of chocolate and chocolate products among all age groups.
Chocolate is a vibrant and inventive market, with over 5,000 new products released in retail globally in 2021 alone. The majority of chocolate is sold via supermarkets and other grocery shops. Convenience stores are very easy to approach as they are located nearby residential and commercial areas and generally offer affordable chocolates. The growing number of consumers interested in upcoming trends like organic chocolate and chocolates with no added sugar are supporting such trials, boosting the chocolate retail market.
The research is global in nature and covers a detailed analysis of the market in America (U.S., Canada, Brazil, Rest of the Americas), Europe (Germany, U.K, France, Switzerland, Rest of Europe), Asia-Pacific (China, Japan, Australia, Rest of Asia-Pacific), and the Middle East and Africa. Additionally, the research report displays data including market size, yearly growth & potential analysis, the competitive study of market players, investment opportunities, demand for future forecast, and so on.
Moreover, chocolate confectionery is a consolidated market dominated by a handful of global companies such as Nestle, Lindt, Hershey, with profitable oligopolies in different regions. Customer experience represents every touchpoint with a brand, including accessing them via physical stores, customer support, and direct product interaction.
Chocolate companies are now seeing some consumer behavior change, preferring candy bars. Chocolate candy category innovation is booming, offering convenience store retailers an opportunity to grow chocolate sales by stocking limited-time offers alongside tried-and-true customer favourites. Chocolate's antioxidant content, blood pressure-lowering capabilities, and ostensibly anti-ageing benefits are all driving consumer acceptance of dark chocolates.
Europe accounts for almost half of the chocolate market. In the UK, France, Germany, Switzerland, Belgium, the Netherlands, and Italy, the "dark chocolate revolution" has been gaining traction. In addition to driving the market for dark chocolate in Europe, the rising number of new vendors entering the market for dark chocolate and the rising number of innovative products containing dark chocolate will also boost the region's overall chocolate market. Moreover, China and India hold great potential in chocolate retail as the countries are among the fastest growing in coming years backed by changing food safety regulations and surging demand for affordable and premium chocolates. Chocolate maker Mars is planning to expand its product portfolio and footprint across 6000 cities in India. For instance, An India-only variant, Snickers Berry Whip, a strawberry-flavored bar, has just been launched.
This study also provides the competitive landscape of the industry and profiles some of the leading players in the Global Chocolate Retail Market like Mondelez International, Inc., Hershey Company, Ferrero International S.A., Mars Incorporated, Nestle S.A., Chocoladefabriken Lindt & Sprungli AG, Meiji Holdings Co., Ezaki Glico Co. Ltd., Orion Corporation, Yildiz Holding. The company profiling includes critical information such as a business overview, products and services, key financials, and recent events and developments. Overall, the report provides a detailed overview of the Global Chocolate Retail Market, which will assist industry consultants, manufacturers, existing players looking for expansion opportunities, new players looking for opportunities, and other stakeholders in aligning their market-centric strategies with current and expected future trends.
List of Tables
Table A1: Global Impact of Macro Economic Factors, By Region
Table A2: United States Chocolate Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A3: United States Chocolate Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A4: United States Chocolate Retail Market, By Form, By Value, 2018-2021 (USD Billion)
Table A5: United States Chocolate Retail Market, By Form, By Value, 2022-2028 (USD Billion)
Table A6: United States Chocolate Retail Market, By Distribution Channel, By Value, 2018-2021 (USD Billion)
Table A7: United States Chocolate Retail Market, By Distribution Channel, By Value, 2022-2028 (USD Billion)
Table A8: Canada Chocolate Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A9: Canada Chocolate Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A10: Canada Chocolate Retail Market, By Form, By Value, 2018-2021 (USD Billion)
Table A11: Canada Chocolate Retail Market, By Form, By Value, 2022-2028 (USD Billion)
Table A12: Canada Chocolate Retail Market, By Distribution Channel, By Value, 2018-2021 (USD Billion)
Table A13: Canada Chocolate Retail Market, By Distribution Channel, By Value, 2022-2028 (USD Billion)
Table A14: Brazil Chocolate Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A15: Brazil Chocolate Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A16: Brazil Chocolate Retail Market, By Form, By Value, 2018-2021 (USD Billion)
Table A17: Brazil Chocolate Retail Market, By Form, By Value, 2022-2028 (USD Billion)
Table A18: Brazil Chocolate Retail Market, By Distribution Channel, By Value, 2018-2021 (USD Billion)
Table A19: Brazil Chocolate Retail Market, By Distribution Channel, By Value, 2022-2028 (USD Billion)
Table A20: Rest of Americas Chocolate Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A21: Rest of Americas Chocolate Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A22: Rest of Americas Chocolate Retail Market, By Form, By Value, 2018-2021 (USD Billion)
Table A23: Rest of Americas Chocolate Retail Market, By Form, By Value, 2022-2028 (USD Billion)
Table A24: Rest of Americas Chocolate Retail Market, By Distribution Channel, By Value, 2018-2021 (USD Billion)
Table A25: Rest of Americas Chocolate Retail Market, By Distribution Channel, By Value, 2022-2028 (USD Billion)
Table A26: United Kingdom Chocolate Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A27: United Kingdom Chocolate Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A28: United Kingdom Chocolate Retail Market, By Form, By Value, 2018-2021 (USD Billion)
Table A29: United Kingdom Chocolate Retail Market, By Form, By Value, 2022-2028 (USD Billion)
Table A30: United Kingdom Chocolate Retail Market, By Distribution Channel, By Value, 2018-2021 (USD Billion)
Table A31: United Kingdom Chocolate Retail Market, By Distribution Channel, By Value, 2022-2028 (USD Billion)
Table A32: Germany Chocolate Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A33: Germany Chocolate Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A34: Germany Chocolate Retail Market, By Form, By Value, 2018-2021 (USD Billion)
Table A35: Germany Chocolate Retail Market, By Form, By Value, 2022-2028 (USD Billion)
Table A36: Germany Chocolate Retail Market, By Distribution Channel, By Value, 2018-2021 (USD Billion)
Table A37: Germany Chocolate Retail Market, By Distribution Channel, By Value, 2022-2028 (USD Billion)
Table A38: France Chocolate Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A39: France Chocolate Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A40: France Chocolate Retail Market, By Form, By Value, 2018-2021 (USD Billion)
Table A41: France Chocolate Retail Market, By Form, By Value, 2022-2028 (USD Billion)
Table A42: France Chocolate Retail Market, By Distribution Channel, By Value, 2018-2021 (USD Billion)
Table A43: France Chocolate Retail Market, By Distribution Channel, By Value, 2022-2028 (USD Billion)
Table A44: Switzerland Chocolate Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A45: Switzerland Chocolate Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A46: Switzerland Chocolate Retail Market, By Form, By Value, 2018-2021 (USD Billion)
Table A47: Switzerland Chocolate Retail Market, By Form, By Value, 2022-2028 (USD Billion)
Table A48: Switzerland Chocolate Retail Market, By Distribution Channel, By Value, 2018-2021 (USD Billion)
Table A49: Switzerland Chocolate Retail Market, By Distribution Channel, By Value, 2022-2028 (USD Billion)
Table A50: Rest of Europe Chocolate Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A51: Rest of Europe Chocolate Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A52: Rest of Europe Chocolate Retail Market, By Form, By Value, 2018-2021 (USD Billion)
Table A53: Rest of Europe Chocolate Retail Market, By Form, By Value, 2022-2028 (USD Billion)
Table A54: Rest of Europe Chocolate Retail Market, By Distribution Channel, By Value, 2018-2021 (USD Billion)
Table A55: Rest of Europe Chocolate Retail Market, By Distribution Channel, By Value, 2022-2028 (USD Billion)
Table A56: China Chocolate Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A57: China Chocolate Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A58: China Chocolate Retail Market, By Form, By Value, 2018-2021 (USD Billion)
Table A59: China Chocolate Retail Market, By Form, By Value, 2022-2028 (USD Billion)
Table A60: China Chocolate Retail Market, By Distribution Channel, By Value, 2018-2021 (USD Billion)
Table A61: China Chocolate Retail Market, By Distribution Channel, By Value, 2022-2028 (USD Billion)
Table A62: Japan Chocolate Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A63: Japan Chocolate Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A64: Japan Chocolate Retail Market, By Form, By Value, 2018-2021 (USD Billion)
Table A65: Japan Chocolate Retail Market, By Form, By Value, 2022-2028 (USD Billion)
Table A66: Japan Chocolate Retail Market, By Distribution Channel, By Value, 2018-2021 (USD Billion)
Table A67: Japan Chocolate Retail Market, By Distribution Channel, By Value, 2022-2028 (USD Billion)
Table A68: India Chocolate Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A69: India Chocolate Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A70: India Chocolate Retail Market, By Form, By Value, 2018-2021 (USD Billion)
Table A71: India Chocolate Retail Market, By Form, By Value, 2022-2028 (USD Billion)
Table A72: India Chocolate Retail Market, By Distribution Channel, By Value, 2018-2021 (USD Billion)
Table A73: India Chocolate Retail Market, By Distribution Channel, By Value, 2022-2028 (USD Billion)
Table A74: Australia Chocolate Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A75: Australia Chocolate Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A76: Australia Chocolate Retail Market, By Form, By Value, 2018-2021 (USD Billion)
Table A77: Australia Chocolate Retail Market, By Form, By Value, 2022-2028 (USD Billion)
Table A78: Australia Chocolate Retail Market, By Distribution Channel, By Value, 2018-2021 (USD Billion)
Table A79: Australia Chocolate Retail Market, By Distribution Channel, By Value, 2022-2028 (USD Billion)
Table A80: Rest of Asia Pacific Chocolate Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A81: Rest of Asia Pacific Chocolate Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A82: Rest of Asia Pacific Chocolate Retail Market, By Form, By Value, 2018-2021 (USD Billion)
Table A83: Rest of Asia Pacific Chocolate Retail Market, By Form, By Value, 2022-2028 (USD Billion)
Table A84: Rest of Asia Pacific Chocolate Retail Market, By Distribution Channel, By Value, 2018-2021 (USD Billion)
Table A85: Rest of Asia Pacific Chocolate Retail Market, By Distribution Channel, By Value, 2022-2028 (USD Billion)
Table A86: Mondelez Key Company Financials, 2020-2022
Table A87: Hershey Key Company Financials, 2020-2022
Table A88: Nestle Key Company Financials, 2020-2022
Table A89: Lindt Key Company Financials, 2020-2022
Table A90: Meiji Key Company Financials, 2020-2022
Table A91: Glico Key Company Financials, 2020-2022
Table A92: Orion Key Company Financials, 2019-2021