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The global chocolate confectionery market is slated to reach USD 167.1 billion in 2025. The industry is poised to witness 7.1% CAGR from 2025 to 2035, registering USD 334.2 billion by 2035.
Metrics | Values |
---|---|
Industry Size (2025E) | USD 167.1 billion |
Industry Value (2035F) | USD 334.2 billion |
CAGR (2025 to 2035) | 7.1% |
Segmentation
Segment | Value Share (2025) |
---|---|
Chocolate Bars | 31.7% |
Segment | Value Share (2025) |
---|---|
Milk | 46.4% |
Country-wise Analysis
Countries | CAGR (2025 to 2035) |
---|---|
USA | 6.9% |
UK | 7.2% |
France | 7.5% |
Germany | 6.8% |
Italy | 7.3% |
South Korea | 8.0% |
Japan | 7.6% |
China | 8.5% |
Australia | 7.4% |
New Zealand | 7.5% |
Competitive Outlook
Company | Industry Share |
---|---|
The Hershey Company | 15-20% |
Ferrero | 10-15% |
Chocoladefabriken Lindt & Sprüngli AG | 7-10% |
Mars, Incorporated | 12-16% |
Mondelēz International | 8-12% |
Nestlé | 7-10% |
CEMOI Group | 2-4% |
Barry Callebaut | 3-5% |
Lake Champlain Chocolates | 1-2% |
LOTTE | 2-4% |
In 2024, the chocolate confectionery market generated a revenue of approximately ***** billion U.S. dollars worldwide. According to estimates of the Statista Digital Market Outlook, the generated revenue in this market is expected to increase in the coming years, reaching a value of ***** billion dollars in 2029. Chocolate shopping in Canada In 2020, almost ** percent of Canadians stated they bought chocolate a few times a month, making it the most common purchasing rate among Canadian consumers. It is rare for people in Canada to buy chocolate every single day. For over half of consumers within the country, monthly chocolate spending would typically amount to anywhere between *** and ** Canadian dollars. Chocolate brands in North America In the same year, Canada’s favorite brand of chocolate was Lindt, a Swiss confectionery brand. Other favorites included Cadbury, Hershey’s, and Ferrero. Consumers in the United States favored Hershey's about twice as often as Lindt. Approximately ** percent of U.S. respondents who knew Hershey's consumed the brand's products.
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Chocolate Confectionery Market Size 2024-2028
The chocolate confectionery market size is valued to increase USD 31 billion, at a CAGR of 4.36% from 2023 to 2028. Frequent product launches will drive the chocolate confectionery market.
Major Market Trends & Insights
APAC dominated the market and accounted for a 33% growth during the forecast period.
By Product - Chocolate bars segment was valued at USD 50.50 billion in 2022
By Distribution Channel - Offline segment accounted for the largest market revenue share in 2022
Market Size & Forecast
Market Opportunities: USD 45.58 billion
Market Future Opportunities: USD 31.00 billion
CAGR : 4.36%
APAC: Largest market in 2022
Market Summary
The market is a dynamic and ever-evolving industry, characterized by continuous innovation and consumer preferences. Core technologies, such as 3D printing and nanotechnology, are revolutionizing the production process, enabling the creation of unique and intricate chocolate products. Applications, including gifting, impulse buying, and health-conscious options, are driving market growth. Service types, including customization and personalization, are gaining popularity among consumers. Regulations, such as those regarding labeling and ingredients, are shaping the market landscape. According to recent reports, The market is expected to reach a significant market share in the upcoming years, driven by an increase in product launches and packaging innovations. For instance, in 2020, Nestle launched a new line of chocolate bars with recyclable packaging, addressing consumer concerns about sustainability. However, the market also faces challenges, such as an increase in the number of product recalls due to contamination issues. Despite these challenges, opportunities exist for companies to differentiate themselves through product quality, ethical sourcing, and sustainable practices.
What will be the Size of the Chocolate Confectionery Market during the forecast period?
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How is the Chocolate Confectionery Market Segmented and what are the key trends of market segmentation?
The chocolate confectionery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ProductChocolate barsBoxed assortments and seasonal variantsOthersDistribution ChannelOfflineOnlineGeographyNorth AmericaUSEuropeGermanyUKAPACChinaIndiaRest of World (ROW)
By Product Insights
The chocolate bars segment is estimated to witness significant growth during the forecast period.
In the dynamic and evolving the market, chocolate bars continue to dominate with a significant market share of 55.3% in 2023. This trend is expected to persist, as chocolate bars are poised to maintain their leading position with a projected market share of 56.8% by 2028. The chocolate bars segment encompasses countlines and molded bars. Countlines, individually wrapped chocolate-coated bars, and molded bars, small chocolate pieces cut from large chocolate blocks, are popular sub-segments. Major brands such as Snickers, Milky Bar, Milka, Galaxy, 5 Star, Dove, and Cadbury Dairy Milk, contribute significantly to the chocolate bars segment. Innovative chocolate flavors and textures in confectionery products, along with eye-catching packaging, fuel the growth of this category. Quality control metrics, such as sugar crystallization, viscosity control, and chocolate tempering, play a crucial role in maintaining the desired texture and taste in chocolate confectionery products. Ingredient sourcing, sensory evaluation methods, and supply chain management are essential for ensuring consistent product quality. Defect detection systems, waste reduction strategies, and rheological properties are key considerations in chocolate confectionery production. Ingredient interactions, ingredient preservation, and ingredient functionality are essential for optimizing product formulation and ensuring product stability. Storage conditions, texture analysis, texture modification, process optimization, and moulding techniques are critical aspects of chocolate confectionery manufacturing. Energy efficiency improvements, aroma retention, and enrobing techniques are ongoing trends in the industry. Microbial contamination control, flavor profiling, and mass production techniques are essential for maintaining product safety and efficiency. Color stability, cocoa bean processing, and flavor compound interactions are crucial factors in creating high-quality chocolate confectionery products. The market is a continuously evolving industry, with ongoing research and development in areas such as automation systems, quality assurance protocols, and packaging technologies. The
The revenue in the 'Chocolate Confectionery' segment of the food market in the United States was modeled to stand at ************* U.S. dollars in 2024. Following a continuous upward trend, the revenue has risen by ************ U.S. dollars since 2018. Between 2024 and 2030, the revenue will rise by ************ U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Chocolate Confectionery.
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The global chocolate confectionery market size was valued at USD 87.39 Billion in 2024. The industry is expected to grow at a CAGR of 5.00% during the forecast period of 2025-2034 to reach a valuation of USD 142.35 Billion by 2034.
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[164+ Pages Report] Global chocolate confectionery market size & share estimated to reach USD 161.1 Billion by 2026, with a CAGR of around 3.0% between 2021 and 2026. Increased urbanization, new product introductions, new marketing methods, changing eating preferences, and the developing trend of giving confectionery products all contribute to this demand.
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Chocolate Confectionery Market Size Volume in France, 2021 Discover more data with ReportLinker!
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Global Chocolate Confectionery market size will be USD 117.21 Billion by 2030. Chocolate Confectionery Industry's Compound Annual Growth Rate will be 3.88% from 2023 to 2030.
In the 2022/23 financial year, Western Europe dominated the chocolate confectionery market with a share of ** percent, the largest share of the market worldwide. With ***** percent, South America had the smallest share. Chocolate consumption in the U.S. In 2020, the most consumed brand of chocolate in the United States was Snickers. Over *** million Americans consumed this brand that year. Within the same period, there were many confectionery brands regularly consumed by the U.S. population, including Butterfingers, Twix, Lindt, and Hershey’s Nuggets, among many others. Some of the world’s leading confectionery companies responsible for these treats are Hershey Co., Mars Inc., and Chocoladenfabriken Lindt & Sprüngli AG. Lindt Lindt is a brand of chocolate produced by the Swiss chocolatier and confectionery company, Lindt & Sprüngli AG, a.k.a. Lindt. The company produces various types of chocolate, such as LINDOR Eggs and seasonal GOLD BUNNIES. The company generated roughly **** of its sales in Europe and about ** percent in the NAFTA countries in 2021.
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Chocolate Confectionery Market Size Volume in Finland, 2021 Discover more data with ReportLinker!
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The global chocolate confectionery market, a multi-billion dollar industry, is experiencing robust growth driven by several key factors. Increased disposable incomes, particularly in emerging economies, are fueling demand for premium and indulgent treats. Changing lifestyles and a rise in snacking occasions contribute to higher consumption rates. Furthermore, the market is witnessing innovation in product offerings, with a surge in healthier alternatives, organic chocolates, and unique flavor combinations catering to evolving consumer preferences. The rise of e-commerce and online retail channels is also expanding market reach and accessibility. While the market faces challenges such as fluctuating cocoa prices and concerns about sugar consumption, these are mitigated by strategic sourcing and the growing popularity of sugar-reduced options. Segmentation reveals a strong performance across applications, with the manufacturing sector utilizing chocolate in various products, while the restaurant and coffeehouse sector benefits from its use as a complementary item. Chocolates remain the dominant product type, followed by fudge and fondant, and hard candies. Key players like Nestle, Mondelez, and Mars continue to dominate the market through strong brand recognition, extensive distribution networks, and innovative product launches. However, smaller, niche players focusing on organic and ethically sourced chocolate are also gaining traction, showcasing a growing segment focused on sustainability and transparency. Looking ahead, the market's growth trajectory indicates a continued expansion. The predicted Compound Annual Growth Rate (CAGR) suggests a substantial increase in market size over the forecast period. Regional variations will likely persist, with North America and Europe remaining key markets, while emerging economies in Asia-Pacific and South America are anticipated to witness significant growth owing to rising consumer spending and increasing urbanization. The market's future depends on ongoing innovation, adapting to evolving consumer health consciousness, and navigating global economic fluctuations. Sustainability concerns will play an increasingly important role, encouraging manufacturers to adopt responsible sourcing practices and sustainable packaging solutions. This blend of established giants and emerging players, coupled with evolving consumer demands and technological advancements, will shape the future of the chocolate confectionery market.
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Forecast: Chocolate Confectionery Market Size Volume in Spain 2024 - 2028 Discover more data with ReportLinker!
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Chocolate Confectionery Market Size Value Per Capita in Germany, 2021 Discover more data with ReportLinker!
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Global Chocolate Confectionery market size is expected to reach $221.63 billion by 2029 at 4.4%, chocolate market thrives on the surge in internet penetration and online sales
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The chocolate confectionery market is a dynamic and diverse sector driven by consumer tastes, disposable income, seasonal demand, and evolving dietary concerns. This article discusses market segments, regional trends, health influences, sustainability, challenges, and strategies for companies to remain competitive.
The statistic shows the growth rate of the chocolate confectionery market worldwide in financial year 2020/21, by region. According to the report, the chocolate confectionery market in the Asia Pacific region shrank by *** percent in financial year 2020/21.
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Global confectionery market worth at USD 223.64 Billion in 2024, is expected to surpass USD 332.96 Billion by 2034, with a CAGR of 4.06% from 2025 to 2034.
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Chocolate Confectionery Market has the potential to reach a value of USD 363.0 Billion by 2035 and grow at an average CAGR of 7.8% during the forecast period 2035.
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The Confectionery Market report segments the industry into Confections (Chocolate, Gums, Snack Bar, Sugar Confectionery), Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others) and Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Get five years of historical data and five-year forecasts.
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The global chocolate confectionery market is a dynamic and lucrative sector, exhibiting robust growth prospects. While precise figures for market size and CAGR are unavailable in the provided data, based on industry reports and analyses of similar markets, a reasonable estimation can be made. Let's assume, for illustrative purposes, a 2025 market size of $150 billion USD, with a projected Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several key drivers: rising disposable incomes in developing economies, increasing consumer demand for premium and specialized chocolate products (e.g., organic, fair trade), and the continuous innovation in product offerings like functional chocolates and unique flavor profiles. The market is segmented by product type (milk chocolate, dark chocolate, white chocolate, etc.), distribution channel (retail, online, etc.), and region. Major players like Nestlé, Mondelez International, Mars Incorporated, and Hershey Foods dominate the market, constantly engaged in strategies focused on brand building, mergers and acquisitions, and strategic partnerships to increase their market share. However, the market also faces certain challenges. Fluctuations in raw material prices (cocoa beans, sugar), increasing health concerns related to sugar consumption, and growing preference for healthier alternatives pose potential restraints to growth. Despite these challenges, the overall market trajectory points toward sustained expansion driven by the enduring appeal of chocolate and the creativity of leading confectionery manufacturers in adapting to evolving consumer preferences and health-conscious trends. This includes the rise of vegan and plant-based chocolate options. The long-term forecast suggests a substantial increase in market value by 2033, highlighting the sector's resilience and future potential.
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The global chocolate confectionery market is slated to reach USD 167.1 billion in 2025. The industry is poised to witness 7.1% CAGR from 2025 to 2035, registering USD 334.2 billion by 2035.
Metrics | Values |
---|---|
Industry Size (2025E) | USD 167.1 billion |
Industry Value (2035F) | USD 334.2 billion |
CAGR (2025 to 2035) | 7.1% |
Segmentation
Segment | Value Share (2025) |
---|---|
Chocolate Bars | 31.7% |
Segment | Value Share (2025) |
---|---|
Milk | 46.4% |
Country-wise Analysis
Countries | CAGR (2025 to 2035) |
---|---|
USA | 6.9% |
UK | 7.2% |
France | 7.5% |
Germany | 6.8% |
Italy | 7.3% |
South Korea | 8.0% |
Japan | 7.6% |
China | 8.5% |
Australia | 7.4% |
New Zealand | 7.5% |
Competitive Outlook
Company | Industry Share |
---|---|
The Hershey Company | 15-20% |
Ferrero | 10-15% |
Chocoladefabriken Lindt & Sprüngli AG | 7-10% |
Mars, Incorporated | 12-16% |
Mondelēz International | 8-12% |
Nestlé | 7-10% |
CEMOI Group | 2-4% |
Barry Callebaut | 3-5% |
Lake Champlain Chocolates | 1-2% |
LOTTE | 2-4% |