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Chocolate Confectionary Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
The global chocolate confectionery market is poised for remarkable growth, with a projected CAGR of 7.3% from 2024 to 2031. The market value is anticipated to rise from US$167.81 Bn in 2024 to US$2... もっと見る
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SummaryThe global chocolate confectionery market is poised for remarkable growth, with a projected CAGR of 7.3% from 2024 to 2031. The market value is anticipated to rise from US$167.81 Bn in 2024 to US$274.08 Bn by 2031, driven by innovation, premiumization, and evolving consumer preferences.Market Insights The chocolate confectionery market encompasses a wide range of chocolate-based products, including bars, truffles, pralines, and more. Characterized by relentless innovation, premiumization, and the introduction of healthier alternatives, the market is witnessing substantial growth globally. Key factors contributing to market expansion include: • Rising demand for artisanal and premium chocolates. • Adaptability of chocolate as an ingredient for creating unique flavors and combinations. • Strategic partnerships and innovative promotional tactics by key industry players. Market Drivers Evolving Consumer Preferences Continuous innovation is a significant growth driver. Chocolate manufacturers invest heavily in R&D to cater to dynamic consumer tastes, introducing products with unique textures, exotic flavors, and high-quality ingredients. Additionally, superfoods, herbs, and seasonings are being incorporated into chocolate to create healthier and more appealing options. Technological Advancements Innovative techniques such as 3D printing for custom confectionery and advanced manufacturing processes enhance consumer engagement, fostering a cycle of demand that accelerates market growth. Market Opportunities Demand for Premium and Artisanal Chocolates The growing preference for high-quality, handcrafted chocolates represents a lucrative opportunity. Consumers are increasingly drawn to premium offerings that deliver exceptional taste and aesthetic value, perceiving these products as luxurious indulgences. This trend is especially pronounced in developed markets, where consumers are willing to pay a premium for superior quality. Emerging Markets Regions such as South Asia and the Pacific offer untapped potential, driven by rising disposable incomes, expanding middle-class populations, and evolving culinary preferences. Market Restraints Fluctuating Cocoa Prices The volatility of cocoa prices, influenced by weather patterns, geopolitical unrest, and labor disputes in key sourcing regions like West Africa, poses a significant challenge. This affects production costs and profit margins for manufacturers. Health and Wellness Awareness The growing focus on healthy lifestyles has led to increased scrutiny of sugar and calorie content in traditional chocolate products. Manufacturers are under pressure to reformulate offerings with reduced sugar and healthier ingredients. Regional Analysis North America North America is expected to dominate the global chocolate confectionery market, driven by: • Established industry presence and a rich cultural heritage. • High disposable incomes and preference for premium products. • Strong retail infrastructure and effective marketing campaigns. South Asia and Pacific This region is projected to experience the fastest growth due to: • Rising disposable incomes and expanding middle-class demographics. • Increasing adoption of global chocolate trends. • Opportunities to localize products to suit diverse culinary preferences. Competitive Analysis The chocolate confectionery market is highly competitive, with key players focusing on innovation, product differentiation, and strategic partnerships to strengthen their market positions. Leading companies driving the chocolate confectionery market include: • Mars, Incorporated • Mondelez International • Ferrero Group • Nestlé • Meiji Co. Ltd. • The Hershey Company • Lindt & Sprün gli AG • Lotte • Pladis • Glico Group These players leverage innovation, strategic marketing, and international expansion to maintain market leadership. Chocolate Confectionery Market Segmentation By Product Type • Boxed Chocolates • Chocolate Bars • Chips & Bites • Truffles & Cups • Others By Form • Milk Chocolate • Dark Chocolate • White Chocolate By Distribution Channel • Supermarkets & Hypermarkets • Convenience Stores • Online • Others By Region • North America • Europe • Asia Pacific • Latin America • Middle East & Africa Table of Contents1. Executive Summary1.1. Global Chocolate Confectionery Market Snapshot 1.2. Future Projections 1.3. Key Market Trends 1.4. Regional Snapshot, by Value, 2023 1.5. Analyst Recommendations 2. Market Overview 2.1. Market Definitions and Segmentations 2.2. Market Dynamics 2.2.1. Drivers 2.2.2. Restraints 2.2.3. Market Opportunities 2.3. Value Chain Analysis 2.4. Porter’s Five Forces Analysis 2.5. COVID-19 Impact Analysis 2.5.1. Supply 2.5.2. Demand 2.6. Impact of Ukraine-Russia Conflict 2.7. Economic Overview 2.7.1. World Economic Projections 2.8. PESTLE Analysis 3. Price Analysis, 2019 - 2023 3.1. Global Average Price Analysis, by Product Type, US$ Per Unit, 2019 - 2023 3.2. Prominent Factor Affecting Chocolate Confectionery Prices 4. Global Chocolate Confectionery Market Outlook, 2019 - 2031 4.1. Global Chocolate Confectionery Market Outlook, by Product Type, Value (US$ Bn), 2019 - 2031 4.1.1. Key Highlights 4.1.1.1. Boxed 4.1.1.2. Chocolate Bars 4.1.1.3. Chips & Bites 4.1.1.4. Truffles & Cups 4.1.1.5. Others 4.2. Global Chocolate Confectionery Market Outlook, by Form, Value (US$ Bn), 2019 - 2031 4.2.1. Key Highlights 4.2.1.1. Milk 4.2.1.2. Dark 4.2.1.3. White 4.3. Global Chocolate Confectionery Market Outlook, by Distribution Channel, Value (US$ Bn), 2019 - 2031 4.3.1. Key Highlights 4.3.1.1. Supermarkets & Hypermarkets 4.3.1.2. Convenience Stores 4.3.1.3. Online 4.3.1.4. Others 4.4. Global Chocolate Confectionery Market Outlook, by Region, Value (US$ Bn), 2019 - 2031 4.4.1. Key Highlights 4.4.1.1. North America 4.4.1.2. Europe 4.4.1.3. Asia Pacific 4.4.1.4. Latin America 4.4.1.5. Middle East & Africa 5. North America Chocolate Confectionery Market Outlook, 2019 - 2031 5.1. North America Chocolate Confectionery Market Outlook, by Product Type, Value (US$ Bn), 2019 - 2031 5.1.1. Key Highlights 5.1.1.1. Boxed 5.1.1.2. Chocolate Bars 5.1.1.3. Chips & Bites 5.1.1.4. Truffles & Cups 5.1.1.5. Others 5.2. North America Chocolate Confectionery Market Outlook, by Form, Value (US$ Bn), 2019 - 2031 5.2.1. Key Highlights 5.2.1.1. Milk 5.2.1.2. Dark 5.2.1.3. White 5.3. North America Chocolate Confectionery Market Outlook, by Distribution Channel, Value (US$ Bn), 2019 - 2031 5.3.1. Key Highlights 5.3.1.1. Supermarkets & Hypermarkets 5.3.1.2. Convenience Stores 5.3.1.3. Online 5.3.1.4. Others 5.4. North America Chocolate Confectionery Market Outlook, by Country, Value (US$ Bn), 2019 - 2031 5.4.1. Key Highlights 5.4.1.1. U.S. Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 5.4.1.2. U.S. Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 5.4.1.3. U.S. Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 5.4.1.4. Canada Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 5.4.1.5. Canada Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 5.4.1.6. Canada Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 5.4.2. BPS Analysis/Market Attractiveness Analysis 6. Europe Chocolate Confectionery Market Outlook, 2019 - 2031 6.1. Europe Chocolate Confectionery Market Outlook, by Product Type, Value (US$ Bn), 2019 - 2031 6.1.1. Key Highlights 6.1.1.1. Boxed 6.1.1.2. Chocolate Bars 6.1.1.3. Chips & Bites 6.1.1.4. Truffles & Cups 6.1.1.5. Others 6.2. Europe Chocolate Confectionery Market Outlook, by Form, Value (US$ Bn), 2019 - 2031 6.2.1. Key Highlights 6.2.1.1. Milk 6.2.1.2. Dark 6.2.1.3. White 6.3. Europe Chocolate Confectionery Market Outlook, by Distribution Channel, Value (US$ Bn), 2019 - 2031 6.3.1. Key Highlights 6.3.1.1. Supermarkets & Hypermarkets 6.3.1.2. Convenience Stores 6.3.1.3. Online 6.3.1.4. Others 6.4. Europe Chocolate Confectionery Market Outlook, by Country, Value (US$ Bn), 2019 - 2031 6.4.1. Key Highlights 6.4.1.1. Germany Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 6.4.1.2. Germany Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 6.4.1.3. Germany Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 6.4.1.4. U.K. Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 6.4.1.5. U.K. Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 6.4.1.6. U.K. Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 6.4.1.7. France Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 6.4.1.8. France Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 6.4.1.9. France Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 6.4.1.10. Italy Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 6.4.1.11. Italy Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 6.4.1.12. Italy Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 6.4.1.13. Turkey Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 6.4.1.14. Turkey Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 6.4.1.15. Turkey Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 6.4.1.16. Russia Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 6.4.1.17. Russia Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 6.4.1.18. Russia Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 6.4.1.19. Rest of Europe Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 6.4.1.20. Rest of Europe Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 6.4.1.21. Rest of Europe Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 6.4.2. BPS Analysis/Market Attractiveness Analysis 7. Asia Pacific Chocolate Confectionery Market Outlook, 2019 - 2031 7.1. Asia Pacific Chocolate Confectionery Market Outlook, by Product Type, Value (US$ Bn), 2019 - 2031 7.1.1. Key Highlights 7.1.1.1. Boxed 7.1.1.2. Chocolate Bars 7.1.1.3. Chips & Bites 7.1.1.4. Truffles & Cups 7.1.1.5. Others 7.2. Asia Pacific Chocolate Confectionery Market Outlook, by Form, Value (US$ Bn), 2019 - 2031 7.2.1. Key Highlights 7.2.1.1. Milk 7.2.1.2. Dark 7.2.1.3. White 7.3. Asia Pacific Chocolate Confectionery Market Outlook, by Distribution Channel, Value (US$ Bn), 2019 - 2031 7.3.1. Key Highlights 7.3.1.1. Supermarkets & Hypermarkets 7.3.1.2. Convenience Stores 7.3.1.3. Online 7.3.1.4. Others 7.4. Asia Pacific Chocolate Confectionery Market Outlook, by Country, Value (US$ Bn), 2019 - 2031 7.4.1. Key Highlights 7.4.1.1. China Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 7.4.1.2. China Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 7.4.1.3. China Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 7.4.1.4. Japan Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 7.4.1.5. Japan Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 7.4.1.6. Japan Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 7.4.1.7. South Korea Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 7.4.1.8. South Korea Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 7.4.1.9. South Korea Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 7.4.1.10. India Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 7.4.1.11. India Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 7.4.1.12. India Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 7.4.1.13. Southeast Asia Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 7.4.1.14. Southeast Asia Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 7.4.1.15. Southeast Asia Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 7.4.1.16. Rest of Asia Pacific Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 7.4.1.17. Rest of Asia Pacific Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 7.4.1.18. Rest of Asia Pacific Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 7.4.2. BPS Analysis/Market Attractiveness Analysis 8. Latin America Chocolate Confectionery Market Outlook, 2019 - 2031 8.1. Latin America Chocolate Confectionery Market Outlook, by Product Type, Value (US$ Bn), 2019 - 2031 8.1.1. Key Highlights 8.1.1.1. Boxed 8.1.1.2. Chocolate Bars 8.1.1.3. Chips & Bites 8.1.1.4. Truffles & Cups 8.1.1.5. Others 8.2. Latin America Chocolate Confectionery Market Outlook, by Form, Value (US$ Bn), 2019 - 2031 8.2.1. Key Highlights 8.2.1.1. Milk 8.2.1.2. Dark 8.2.1.3. White 8.3. Latin America Chocolate Confectionery Market Outlook, by Distribution Channel, Value (US$ Bn), 2019 - 2031 8.3.1. Key Highlights 8.3.1.1. Supermarkets & Hypermarkets 8.3.1.2. Convenience Stores 8.3.1.3. Online 8.3.1.4. Others 8.4. Latin America Chocolate Confectionery Market Outlook, by Country, Value (US$ Bn), 2019 - 2031 8.4.1. Key Highlights 8.4.1.1. Brazil Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 8.4.1.2. Brazil Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 8.4.1.3. Brazil Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 8.4.1.4. Mexico Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 8.4.1.5. Mexico Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 8.4.1.6. Mexico Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 8.4.1.7. Argentina Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 8.4.1.8. Argentina Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 8.4.1.9. Argentina Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 8.4.1.10. Rest of Latin America Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 8.4.1.11. Rest of Latin America Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 8.4.1.12. Rest of Latin America Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 8.4.2. BPS Analysis/Market Attractiveness Analysis 9. Middle East & Africa Chocolate Confectionery Market Outlook, 2019 - 2031 9.1. Middle East & Africa Chocolate Confectionery Market Outlook, by Product Type, Value (US$ Bn), 2019 - 2031 9.1.1. Key Highlights 9.1.1.1. Boxed 9.1.1.2. Chocolate Bars 9.1.1.3. Chips & Bites 9.1.1.4. Truffles & Cups 9.1.1.5. Others 9.2. Middle East & Africa Chocolate Confectionery Market Outlook, by Form, Value (US$ Bn), 2019 - 2031 9.2.1. Key Highlights 9.2.1.1. Milk 9.2.1.2. Dark 9.2.1.3. White 9.3. Middle East & Africa Chocolate Confectionery Market Outlook, by Distribution Channel, Value (US$ Bn), 2019 - 2031 9.3.1. Key Highlights 9.3.1.1. Supermarkets & Hypermarkets 9.3.1.2. Convenience Stores 9.3.1.3. Online 9.3.1.4. Others 9.4. Middle East & Africa Chocolate Confectionery Market Outlook, by Country, Value (US$ Bn), 2019 - 2031 9.4.1. Key Highlights 9.4.1.1. GCC Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 9.4.1.2. GCC Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 9.4.1.3. GCC Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 9.4.1.4. South Africa Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 9.4.1.5. South Africa Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 9.4.1.6. South Africa Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 9.4.1.7. Egypt Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 9.4.1.8. Egypt Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 9.4.1.9. Egypt Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 9.4.1.10. Nigeria Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 9.4.1.11. Nigeria Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 9.4.1.12. Nigeria Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 9.4.1.13. Rest of Middle East & Africa Chocolate Confectionery Market by Product Type, Value (US$ Bn), 2019 - 2031 9.4.1.14. Rest of Middle East & Africa Chocolate Confectionery Market by Form, Value (US$ Bn), 2019 - 2031 9.4.1.15. Rest of Middle East & Africa Chocolate Confectionery Market by Distribution Channel, Value (US$ Bn), 2019 - 2031 9.4.2. BPS Analysis/Market Attractiveness Analysis 10. Competitive Landscape 10.1. Company Market Share Analysis, 2023 10.2. Competitive Dashboard 10.3. Company Profiles 10.3.1. Mars, Incorporated 10.3.1.1. Company Overview 10.3.1.2. Product Type Portfolio 10.3.1.3. Financial Overview 10.3.1.4. Business Strategies and Development 10.3.2. Meiji Co. Ltd. 10.3.2.1. Company Overview 10.3.2.2. Product Type Portfolio 10.3.2.3. Financial Overview 10.3.2.4. Business Strategies and Development 10.3.3. The Hershey Company 10.3.3.1. Company Overview 10.3.3.2. Product Type Portfolio 10.3.3.3. Financial Overview 10.3.3.4. Business Strategies and Development 10.3.4. Lindt & Sprüngli AG 10.3.4.1. Company Overview 10.3.4.2. Product Type Portfolio 10.3.4.3. Financial Overview 10.3.4.4. Business Strategies and Development 10.3.5. Lotte 10.3.5.1. Company Overview 10.3.5.2. Product Type Portfolio 10.3.5.3. Financial Overview 10.3.5.4. Business Strategies and Development 10.3.6. Pladis 10.3.6.1. Company Overview 10.3.6.2. Product Type Portfolio 10.3.6.3. Financial Overview 10.3.6.4. Business Strategies and Development 10.3.7. Glico Group 10.3.7.1. Company Overview 10.3.7.2. Product Type Portfolio 10.3.7.3. Financial Overview 10.3.7.4. Business Strategies and Development 10.3.8. Mondelez International 10.3.8.1. Company Overview 10.3.8.2. Product Type Portfolio 10.3.8.3. Financial Overview 10.3.8.4. Business Strategies and Development 10.3.9. Ferrero Group 10.3.9.1. Company Overview 10.3.9.2. Product Type Portfolio 10.3.9.3. Financial Overview 10.3.9.4. Business Strategies and Development 10.3.10. Nestlé 10.3.10.1. Company Overview 10.3.10.2. Product Type Portfolio 10.3.10.3. Financial Overview 10.3.10.4. Business Strategies and Development 11. Appendix 11.1. Research Methodology 11.2. Report Assumptions 11.3. Acronyms and Abbreviations
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