In 2024, the chocolate confectionery market generated a revenue of approximately 133.6 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 168.6 billion dollars in 2029. Chocolate shopping in Canada In 2020, almost 28 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 one and 15 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 70 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 forecast to increase by USD 31 billion at a CAGR of 4.36% between 2023 and 2028.

The market is experiencing significant growth, driven by the frequent product launches and packaging innovations in the industry. Consumers' increasing preference for premium and artisanal chocolate products, coupled with the expanding retail presence of these offerings, is fueling market expansion. However, the market faces challenges, including the rise in the number of product recalls due to contamination issues. These incidents can negatively impact brand reputation and consumer trust, necessitating stringent quality control measures. To capitalize on market opportunities and navigate challenges effectively, companies must prioritize product safety, invest in research and development for innovative offerings, and adopt sustainable and ethical sourcing practices. By staying abreast of consumer trends and market dynamics, chocolate confectionery players can position themselves for long-term success in this dynamic and competitive market.

What will be the Size of the Chocolate Confectionery Market during the forecast period?

Request Free SampleThe market experiences growth, fueled by consumers' enduring affection for premium quality chocolate products. Global chocolate consumption continues to rise, driven by the popularity of both mainstream and luxury indulgence offerings. Premium confectionery products, including milk mousse and creamy caramel, capture a significant market share due to their rich sensorial appeal. Health-conscious consumers seek out chocolate with label claims such as organic, sustainably sourced, and dark chocolate varieties, reflecting the trend towards healthy eating lifestyles. Exotic spices, floral notes, unexpected textures, and rare cocoa varieties add to the market's dynamic nature, catering to the diverse tastes of chocolate lovers. Artisanal chocolates, with their distinct flavor combinations, further expand the market landscape, offering a unique and luxurious experience.

How is this Chocolate Confectionery Industry segmented?

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 ChannelOfflineOnlineGeographyEuropeGermanyUKNorth AmericaUSAPACChinaIndiaSouth AmericaMiddle East and Africa

By Product Insights

The chocolate bars segment is estimated to witness significant growth during the forecast period.The market is expected to grow steadily, with chocolate bars remaining the largest segment in 2023 and beyond. This segment includes countlines and molded bars. Countlines consist of individually wrapped, chocolate-coated bars, while molded bars are small chocolate pieces cut from larger blocks. Major brands such as Snickers, Milky Bar, Milka, Galaxy, 5 Star, Dove, and Cadbury Dairy Milk dominate the chocolate bars market. Innovative chocolate flavors and textures, as well as attractive packaging, are key growth drivers. Consumer preferences for premium quality products, including dark chocolate confectionery with health benefits, are influencing market trends. Peanut butter, milk mousse, creamy caramel, and other gourmet flavors are gaining popularity. Healthy eating lifestyles have led to the demand for sugar reduction, low-calorie, and sugar-free chocolate snacks. Premium chocolate brands, artisanal chocolates, and organic and sustainably sourced chocolate are also on the rise. Consumer packs, added sugar content, and seasonal treats are other market trends. Consumers' preferences for high-quality, gourmet chocolate products, visual appeal, and innovative varieties continue to shape the market.

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The Chocolate bars segment was valued at USD 50.50 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 33% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European the market is driven by the demand for premium quality products, particularly in the UK, Germany, France, Switzerland, Italy, Russia, the Netherlands, Poland, Belgium, and Spain. Major players in this market include Mars, Mondelez International, Barry Callebaut, Nestle, Ferrero, and Chocoladefabriken Lindt and Sprungli AG. The market is highly competitive, with a variety of offerings from both regional

The average revenue per capita in the 'Chocolate Confectionery' segment of the food market in the United States was forecast to continuously increase between 2024 and 2029 by in total 10.1 U.S. dollars (+15.03 percent). After the tenth consecutive increasing year, the average revenue per capita is estimated to reach 77.3 U.S. dollars and therefore a new peak in 2029. Notably, the average revenue per capita of the 'Chocolate Confectionery' segment of the food market was continuously increasing over the past years.Find further information concerning the volume in the 'Baby Food' segment of the food market in France and the price per unit in the 'Pasta' segment of the food market in Denmark. The Statista Market Insights cover a broad range of additional markets.

The Confectionery Market is segmented by Confections (Chocolate, Gums, Snack Bar, Sugar Confectionery), by Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market Value in USD and Volume are both presented. Key data points observed include market segmental split by confections, confectionery variant, sugar content, and distribution channel.

Chocolate Confectionery Market Size Volume in Italy, 2023 Discover more data with ReportLinker!

In the 2022/23 financial year, Western Europe dominated the chocolate confectionery market with a share of 33 percent, the largest share of the market worldwide. With seven 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 458 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 half of its sales in Europe and about 37 percent in the NAFTA countries in 2021.

Chocolate Confectionery Market Size Volume in Finland, 2021 Discover more data with ReportLinker!

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 0.8 percent in financial year 2020/21.

The Asia Pacific Confectionery Market is segmented by Confections (Chocolate, Gums, Snack Bar, Sugar Confectionery), by Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others) and by Country (Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, South Korea). Market Value in USD and Volume are both presented. Key data points observed include market segmental split by confections, confectionery variant, sugar content, and distribution channel.

Chocolate Confectionery Market Size Volume in Romania, 2021 Discover more data with ReportLinker!

Forecast: Chocolate Confectionery Market Size Volume in Finland 2024 - 2028 Discover more data with ReportLinker!

In 2024, the Dutch chocolate and confectionery market increased by 22% to $1.1B, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $1.5B in 2016; however, from 2017 to 2024, consumption remained at a lower figure.

In 2023, the market revenue of chocolate confectionery in Latin America and the Caribbean amounted to 8.82 billion U.S. dollars. The market was expected to grow annually by 5.32 percent (CAGR 2024-2028).

The Indonesian chocolate and confectionery market rose significantly to $5.6B in 2024, growing by 9.7% against the previous year. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Chocolate and confectionery consumption peaked in 2024 and is expected to retain growth in the immediate term.

Vegan Chocolate Confectionery Market was worth USD 658.35 Million in 2023. The market is forecast to reach USD 2022.26 Million by 2032

The Global Chocolate Market is poised to grow rapidly with a 6.73% CAGR. Innovations in taste, flavors, ingredients, and quantity drive this growth.

Learn about the expected growth of the chocolate and confectionery market in the European Union over the next decade, driven by rising demand. Anticipated CAGR, market volume, and value projections are discussed.

The size and share of the market is categorized based on Type (Milk Chocolate, Dark Chocolate, White Chocolate) and Application (Online Sales, Offline Retail) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Forecast: Chocolate Confectionery Market Size Volume in the UK 2024 - 2028 Discover more data with ReportLinker!