Chocolate Confectionery Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for chocolate confectionery. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global chocolate confectionery market from 2023 to 2033.

The global chocolate confectionery market is forecast to expand at a CAGR of 7.5% and thereby increase from a value of US$156.1 Bn in 2023, to US$258.9 Bn by the end of 2030.

Key Insights:

Chocolate Confectionery Market Size (2023E): US$156.1 Billion

Projected Market Value (2030F): US$258.9 Billion

Global Market Growth Rate (CAGR 2023 to 2030): 7.5%

Historical Market Growth Rate (CAGR 2018 to 2022): 7.1%

Chocolate Confectionery Market - Report Scope:

Chocolate confectionery products, ranging from bars and truffles to pralines and filled chocolates, hold a prominent place in the global confectionery market. These products cater to diverse consumer preferences and occasions, including gifting, personal indulgence, and festive celebrations. The chocolate confectionery market encompasses a wide range of brands, each offering unique flavors, ingredients, and packaging to attract consumers. Market growth is fueled by factors such as increasing consumer disposable income, a growing penchant for premium and artisanal chocolates, and the expansion of retail channels, including online platforms.

Market Growth Drivers:

The global chocolate confectionery market is driven by several key factors, including the universal appeal of chocolate as a comfort food and a popular gift item. The continuous innovation in flavors, shapes, and packaging by industry players attracts consumers seeking novel and indulgent experiences. Additionally, the rising demand for organic, sustainable, and ethically sourced chocolates aligns with changing consumer preferences for healthier and socially responsible choices. The influence of chocolate on mood enhancement and its association with various festivities and occasions further contribute to market growth.

Market Restraints:

Despite promising growth prospects, the chocolate confectionery market faces challenges related to fluctuating cocoa prices, supply chain disruptions, and the increasing awareness of health concerns associated with excessive sugar consumption. Volatility in cocoa prices impacts production costs, affecting profit margins for manufacturers. Moreover, the emphasis on health and wellness, coupled with concerns about sugar-related health issues, poses a threat to traditional chocolate consumption patterns. Manufacturers need to navigate these challenges by adopting sustainable sourcing practices, offering healthier alternatives, and addressing consumer concerns through transparent labeling.

Market Opportunities:

The chocolate confectionery market presents significant growth opportunities driven by evolving consumer preferences, digital marketing strategies, and product innovations. The integration of technology in packaging and marketing, such as augmented reality and interactive experiences, enhances consumer engagement and brand loyalty. The exploration of niche markets, such as sugar-free and functional ingredient chocolates, provides avenues for differentiation and capturing specific consumer segments. Strategic collaborations, mergers, and acquisitions can also facilitate market expansion and strengthen the market position of key players.

Key Questions Answered in the Report:

What is the Forecast CAGR of the Global Chocolate Confectionery Market?
What was the Market Size of Chocolate Confectionary in the Year 2023?
Which Country held the Largest Market Share in 2023?
Who are the Key Players in the Global Chocolate Confectionery Market?
Which is the Fastest-growing Distribution Channel in this Industry?

Competitive Intelligence and Business Strategy:

Leading players in the global chocolate confectionery market, including Mars, Mondelez International, and Ferrero Group, focus on product innovation, brand building, and sustainability to maintain a competitive edge. These companies invest in research and development to introduce new flavors, formats, and packaging options, catering to evolving consumer tastes. Sustainable sourcing practices, ethical certifications, and transparency in the supply chain are integral to brand positioning and consumer trust. Collaborations with retailers, strategic marketing campaigns, and digital platforms contribute to market visibility and customer engagement.

Key Companies Profiled:
Mars, Incorporated
Mondelez International
Ferrero Group
Nestle
Meiji Co. Ltd.
The Hershey Company
Lindt & Sprungli AG
Lotte
Pladis
Glico Group

Chocolate Confectionery Market Research Segmentation:

Chocolate bars continue to dominate the chocolate confectionery market, holding the highest market share due to their diverse flavors, convenient packaging, and widespread popularity. While chocolate bars maintain their lead, chips and bites are expected to experience rapid growth, driven by changing snack preferences and the demand for portable options.

In terms of chocolate types, milk chocolate remains the top choice, favored for its creamy consistency and sweetness. Dark chocolate, perceived as a healthier alternative, is anticipated to undergo significant growth, fueled by rising health consciousness and associations with premium products.

Hypermarkets and supermarkets remain the primary distribution channel, capturing the largest market share with their extensive product inventories and convenient locations. However, online platforms are poised for rapid growth, driven by evolving consumer preferences and the convenience of digital transactions.

In regional markets, North America holds the largest market share, driven by a well-established chocolate confectionery industry, rich cultural heritage, and consumer preference for high-quality products. South Asia and the Pacific are expected to experience rapid expansion, fueled by a growing and prosperous population, rising disposable incomes, and a dynamic culinary culture that welcomes global chocolate brands.

By Product Type:
Boxed
Chocolate Bars
Chips & Bites
Truffles & Cups
Others
By Form:
Milk
Dark
White
By Distribution Channel:
Supermarkets & Hypermarkets
Convenience Stores
Online
Others
By Region:
North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33694

1. Executive Summary

1.1. Global Chocolate Confectionery Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Product Type Lifecycle Analysis
2.4. Chocolate Confectionery Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Chocolate Confectionery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Chocolate Confectionery Market Outlook: Product Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Product Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
  - 3.3.3.1. Boxed
  - 3.3.3.2. Chocolate Bars
  - 3.3.3.3. Chips & Bites
  - 3.3.3.4. Truffles & Cups
  - 3.3.3.5. Others
3.4. Market Attractiveness Analysis: Product Type
3.5. Global Chocolate Confectionery Market Outlook: Form
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Form, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
  - 3.5.3.1. Milk
  - 3.5.3.2. Dark
  - 3.5.3.3. White
3.6. Market Attractiveness Analysis: Form
3.7. Global Chocolate Confectionery Market Outlook: Distribution Channel
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Distribution Channel, 2018 - 2022
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
  - 3.7.3.1. Supermarkets & Hypermarkets
  - 3.7.3.2. Convenience Stores
  - 3.7.3.3. Online
  - 3.7.3.4. Others
3.8. Market Attractiveness Analysis: Distribution Channel

4. Global Chocolate Confectionery Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Chocolate Confectionery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Product Type
- 5.3.3. By Form
- 5.3.4. By Distribution Channel
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 5.5.1. Boxed
- 5.5.2. Chocolate Bars
- 5.5.3. Chips & Bites
- 5.5.4. Truffles & Cups
- 5.5.5. Others
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 5.6.1. Milk
- 5.6.2. Dark
- 5.6.3. White
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 5.7.1. Supermarkets & Hypermarkets
- 5.7.2. Convenience Stores
- 5.7.3. Online
- 5.7.4. Others
5.8. Market Attractiveness Analysis

6. Europe Chocolate Confectionery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Product Type
- 6.3.3. By Form
- 6.3.4. By Distribution Channel
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 6.5.1. Boxed
- 6.5.2. Chocolate Bars
- 6.5.3. Chips & Bites
- 6.5.4. Truffles & Cups
- 6.5.5. Others
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 6.6.1. Milk
- 6.6.2. Dark
- 6.6.3. White
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 6.7.1. Supermarkets & Hypermarkets
- 6.7.2. Convenience Stores
- 6.7.3. Online
- 6.7.4. Others
6.8. Market Attractiveness Analysis

7. East Asia Chocolate Confectionery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Product Type
- 7.3.3. By Form
- 7.3.4. By Distribution Channel
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 7.5.1. Boxed
- 7.5.2. Chocolate Bars
- 7.5.3. Chips & Bites
- 7.5.4. Truffles & Cups
- 7.5.5. Others
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 7.6.1. Milk
- 7.6.2. Dark
- 7.6.3. White
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 7.7.1. Supermarkets & Hypermarkets
- 7.7.2. Convenience Stores
- 7.7.3. Online
- 7.7.4. Others
7.8. Market Attractiveness Analysis

8. South Asia & Oceania Chocolate Confectionery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Product Type
- 8.3.3. By Form
- 8.3.4. By Distribution Channel
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 8.5.1. Boxed
- 8.5.2. Chocolate Bars
- 8.5.3. Chips & Bites
- 8.5.4. Truffles & Cups
- 8.5.5. Others
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 8.6.1. Milk
- 8.6.2. Dark
- 8.6.3. White
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 8.7.1. Supermarkets & Hypermarkets
- 8.7.2. Convenience Stores
- 8.7.3. Online
- 8.7.4. Others
8.8. Market Attractiveness Analysis

9. Latin America Chocolate Confectionery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Product Type
- 9.3.3. By Form
- 9.3.4. By Distribution Channel
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 9.5.1. Boxed
- 9.5.2. Chocolate Bars
- 9.5.3. Chips & Bites
- 9.5.4. Truffles & Cups
- 9.5.5. Others
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 9.6.1. Milk
- 9.6.2. Dark
- 9.6.3. White
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 9.7.1. Supermarkets & Hypermarkets
- 9.7.2. Convenience Stores
- 9.7.3. Online
- 9.7.4. Others
9.8. Market Attractiveness Analysis

10. Middle East & Africa Chocolate Confectionery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Product Type
- 10.3.3. By Form
- 10.3.4. By Distribution Channel
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 10.5.1. Boxed
- 10.5.2. Chocolate Bars
- 10.5.3. Chips & Bites
- 10.5.4. Truffles & Cups
- 10.5.5. Others
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Form, 2023 - 2030
- 10.6.1. Milk
- 10.6.2. Dark
- 10.6.3. White
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 10.7.1. Supermarkets & Hypermarkets
- 10.7.2. Convenience Stores
- 10.7.3. Online
- 10.7.4. Others
10.8. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Analog IC
- 11.2.3. Apparent Product Type Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Mars, Incorporated
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product Type
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Mondelez International
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product Type
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Ferrero Group
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product Type
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Nestle
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product Type
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. Meiji Co. Ltd.
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product Type
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. The Hershey Company
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product Type
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. Lindt & Sprungli AG
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product Type
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Lotte
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product Type
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Pladis
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product Type
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Glico Group
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product Type
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations