Chocolate Confectionery Market Size was esteemed at USD 179.9 billion in 2022 and is supposed to arrive at USD 313.90 billion by 2030, and develop at a CAGR of 7.2% over the forecast period 2023-2030.
Confectionery alludes to food things that are wealthy in sugar and starches. It incorporates a wide scope of items like chocolates, treats, bars, chewy candies, mints, and others.
Buyer propensities, tastes, and inclinations are continually advancing. This has prompted advancement in the field of sweet shops that drive market development. Makers are expanding their item range by including useful fixings, natural homegrown fillings, tropical organic products, and nut-based and outlandish flavors in item definitions to satisfy changing buyer needs. Besides, the pattern of giving dessert shop items, like treats, chocolates, bread kitchen things, and others, has empowered to drive the market development in the new year’s. Brands are continually laying out special connections with methods to look for purchaser consideration as candy store items are fundamentally bought because of motivation purchasing. These elements have aggregately empowered to drive the market for dessert shop items. Nonetheless, the unpredictable idea of natural substance costs of sugar and cocoa can hamper the development of the market.
Driving Factors:
Purchaser propensities, tastes, and inclinations are continually advancing.
Expanding their item range by including practical fixings, natural homegrown fillings, tropical natural products, and nut-based and colorful flavors in item definitions to satisfy changing customer needs.
Restraining Factors:
The unpredictable idea of unrefined substance costs of sugar and cocoa.
Opportunities:
The pattern of giving candy parlor items, like treats, chocolates, pastry shop things, and others.
Challenges:
The severe principles and lockdown throughout 2020 have prompted repercussions in the sweet shop business.
Coronavirus has unfavorably impeded the dessert shop market, as customers are selecting fundamental wares like prepared merchandise, moment food, snacks, comfort food, and other pressed items. During the Covid pandemic circumstance, the interest for better and accommodation eating alongside fitting taste and sufficient wholesome advantages are ascending among the purchasers which thus has helped the confectionary market. With the fame of sugar and chocolate items, the natural tidbits portions of confectionary food things have gotten some decent forward movement in the worldwide market. Shoppers are searching for better choices, like low-calorie, high cocoa, and useful fixing-based candy store. Useful case on sweet shop items marks is developing quickly.
By Product Type:
Based on item type, the chocolate classification was the prevailing fragment portion of the overall industry. Buyers of all ages bunches consume chocolate candy stores to fulfill their taste buds. The development in monetary flourishing, particularly in arising nations has driven the market for the chocolate portion. Moreover, chocolate is the most elevated per capita (kg) consumed candy parlor item across a few nations.
By Type:
Milk type was the biggest fragment. With a rising inclination for milk type classification, many organizations have been sending off new items with clean marks like a natural, veggie lover, and guaranteed Kosher to extend the current item portfolio. Be that as it may, the dull kind section is projected to enroll the most elevated development during the conjecture time frame. In the a couple of years, the prominence of the item among buyers, particularly in Asian nations, has expanded with moving taste inclinations and developing mindfulness about the numerous medical advantages of dull chocolate.
By Distribution Channel:
Based on the conveyance channel, the grocery store/hypermarket classification was the prevailing section. The development of the grocery store/hypermarket portion in the candy parlor market is credited to the increment in the reception of store/hypermarket in the experienced and developing business sectors. The one-stop arrangement given by these retail organizations makes it an exceptionally well-known choice for shopping among customers.
By Product:
Boxed
Molded Bars
Chips & Bites
Truffles & Cups
Others
By Type:
Milk
Dark
White
By Distribution Channel:
Supermarkets & Hypermarkets
Convenience Stores
Online
Others
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North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Based on locale, Europe represents a significant offer in the dessert shop market with prevalence in the chocolate ice cream parlor fragment. Nonetheless, the Asia-Pacific district is supposed to witness a huge CAGR during the candy store market gauge period because of developing extra cash, expanding populace, and new brand dispatches from laid out players.
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.
Nestlé S.A-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 179.9 Billion |
| Market Size by 2030 | US$ 313.90 Billion |
| CAGR | CAGR 7.2% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Product Type (Hard-Boiled Sweets, Mints, Gums & Jellies, Chocolate, Caramels & Toffees, Medicated Confectionery, Fine Bakery Wares, and Others) • by Age Group (Children, Adult, and Geriatric), Price Point (Economy, Mid-Range, and Luxury) • by Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Pharmaceutical & Drug Stores, Food Services, Duty-Free Outlets, E-Commerce, and Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | 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. |
| Key Drivers | •Purchaser propensities, tastes, and inclinations are continually advancing. |
| Market Restraints | •The unpredictable idea of unrefined substance costs of sugar and cocoa. |
Ans: Product Type, Type, and Distribution Channel segments are covered in the Chocolate Confectionery Market.
Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.
Ans: Europe has the biggest offer in the Chocolate Confectionery market.
Ans: The unpredictable idea of unrefined substance costs of sugar and cocoa and the severe principles and lockdown throughout 2020 have prompted repercussions in the sweet shop business are the restraining factors and challenges faced by the Chocolate Confectionery market.
Ans: The Global Chocolate Confectionery Market Size is supposed to arrive at USD 273.2 billion by 2028, and develop at a CAGR of 7.2% over the forecast period 2022-2028.
Table of Contents:
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Chocolate Confectionery Market segmentation, by Product Type
8.1 Hard-boiled Sweets
8.2 Mints
8.3 Gums & Jellies
8.4 Chocolate
8.5 Caramels and Toffees
8.6 Medicated Confectionery
8.7 Fine Bakery Wares
8.8 Others
9. Global Chocolate Confectionery Market segmentation, by Age Group
9.1 Children
9.2 Adult
9.3 Geriatric
10. Global Chocolate Confectionery Market segmentation, by Price Point
10.1 Economy
10.2 Mid-Range
10.3 Luxury
10. Global Chocolate Confectionery Market segmentation, by Distribution Channel
11.1 Supermarket/Hypermarket
11.2 Convenience Stores
11.3 Pharmaceutical & Drug Stores
11.4 Food Services
11.5 Duty-free Outlets
11.6 E-commerce
11.7 Others
11. Global Chocolate Confectionery Market, by region/ country
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company profiles
12.1 Mars, Incorporated
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 Swot Analysis
12.1.4 The SNS View
12.2 Mondelez International, Inc.
12.3 Nestlé S.A.
12.4 Ferrero Group
12.5 Meiji Co., Ltd.
12.6 The Hershey Company
12.7 Chocoladefabriken Lindt & Sprüngli AG
12.8 Ezaki Glico Co., Ltd.
12.9 Haribo GmbH & Co. K.G.
12.10 Pladis.
13. Competitive Landscape
13.1 Competitive Bench Marking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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