With a share of almost **** percent in 2022, Ferrero led the U.S. confectionery market. The company was closely followed by top competitor Hershey, which held a share of about ** percent that year. Popular candy types Among the various types of products in the confectionery sector, chocolate usually generates the highest sales numbers. In 2021, Western Europe accounted for the highest market share of chocolate confectionery worldwide. That region of the world houses many of the countries with the highest consumption of chocolate per capita in the world. Non-chocolate Besides chocolate, the U.S. confectionery industry also produces non-chocolate candy. In 2020, this specific segment generated almost **** billion U.S. dollars’ worth of sales in the United States. The segment includes various types of candy, such as licorice, specialty nuts, and breath fresheners. Chewy candy, such as jellybeans or taffy, was the leading non-chocolate candy category: chewy candy generated about *** billion U.S. dollars’ worth of sales in 2021.

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.

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.

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 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.

Global Chocolate Confectionery Market size was valued at USD 178.8 Billion in 2021 and is poised to grow from USD 190.24 Billion in 2022 to USD 312.49 Billion by 2030, at a CAGR of 6.4% during the forecast period (2023-2030).

[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 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

Chocolate Confectionery Market Outlook

According to our latest research, the global chocolate confectionery market size reached USD 148.2 billion in 2024, reflecting robust consumer demand and dynamic product innovation across all regions. The market is anticipated to grow at a CAGR of 4.7% from 2025 to 2033, bringing the total value to approximately USD 223.5 billion by 2033. This steady growth trajectory is underpinned by evolving consumer preferences, increased disposable incomes, and the expansion of distribution channels worldwide.

One of the primary growth factors driving the chocolate confectionery market is the increasing demand for premium and artisanal chocolate products. Consumers are becoming more discerning in their choices, seeking high-quality ingredients, unique flavors, and ethical sourcing. This shift has encouraged manufacturers to innovate with single-origin chocolates, organic and fair-trade certifications, and reduced sugar formulations. The millennial and Gen Z demographics, in particular, are willing to pay a premium for chocolates that promise a superior sensory experience and align with their values, such as sustainability and health consciousness. As a result, the market is witnessing a surge in new product launches and collaborations with gourmet chefs, further boosting overall sales and market size.

Another significant growth driver is the diversification of chocolate applications beyond traditional confectionery. The incorporation of chocolate in bakery products, beverages, and even pharmaceuticals has broadened the market's scope. For instance, chocolate-infused protein bars, functional beverages, and nutraceuticals are gaining popularity among health-conscious consumers. The adaptability of chocolate as an ingredient, coupled with its widespread appeal, has led to innovative product development across various sectors. Additionally, the increasing use of chocolate in seasonal and gifting occasions, such as Valentine's Day, Easter, and Christmas, continues to fuel consistent demand throughout the year, stabilizing revenue streams for manufacturers and retailers alike.

The expansion of distribution channels, particularly the rapid growth of e-commerce, has also played a pivotal role in the chocolate confectionery market's expansion. Online retail platforms have made it easier for consumers to access a diverse range of chocolate products, including international brands and niche artisanal offerings. This digital transformation has enabled manufacturers to reach untapped markets, personalize marketing efforts, and gather valuable consumer data for targeted product development. Furthermore, the rise of direct-to-consumer models and subscription boxes has enhanced brand loyalty and consumer engagement, providing an additional boost to market growth. The convenience, variety, and accessibility offered by online channels are expected to remain key factors in driving the chocolate confectionery market forward.

Regionally, Europe continues to dominate the global chocolate confectionery market, accounting for the largest share due to its rich chocolate heritage, strong presence of leading manufacturers, and high per capita consumption. North America follows closely, driven by a robust retail infrastructure and a growing preference for premium and organic chocolate products. The Asia Pacific region is emerging as a significant growth market, fueled by rising disposable incomes, urbanization, and increasing Western influence on consumer lifestyles. In contrast, Latin America and the Middle East & Africa are witnessing gradual growth, supported by expanding retail networks and rising awareness of premium chocolate offerings. This diverse regional landscape presents unique opportunities and challenges for market players, necessitating tailored strategies for sustained growth.

Product Type Analysis

The chocolate confectionery market is segmented by product type into dark chocolate, milk chocolate, white chocolate, filled chocolate, and others. &l

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.

Forecast: Chocolate Confectionery Market Size Volume in Poland 2023 - 2027 Discover more data with ReportLinker!

The Asia Pacific 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 Country (Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, South Korea, Rest of Asia-Pacific). Five years of historical data and five-year forecasts included.

Chocolate Confectionery Market Size Value Per Capita in Latvia, 2022 Discover more data with ReportLinker!

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.

The global Chocolate Confectionery market is forecasted to grow at a noteworthy CAGR of 7.17% between 2025 and 2033. By 2033, market size is expected to surge to USD 436.66 Billion, a substantial rise from the USD 234.15 Billion recorded in 2024.

The Global Chocolate Confectionery market size to cross USD 436.66 Billion in 2033. [https://edison.valuemarketresearch.com//uploads/report_images/VMR11

U.S. Confectionery Market size was valued at USD 36.8 billion in 2021 and is poised to grow from USD 38.2 billion in 2022 to USD 55.4 billion by 2030, growing at a CAGR of 4.8%

For the third year in a row, the global chocolate and confectionery market recorded growth in sales value, which increased by 13% to $299.3B in 2024. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

European Chocolate Confectionery Market Size Value Share by Country (Euros), 2023 Discover more data with ReportLinker!

The confectionery market is projected to be valued at USD 324.7 billion in 2025 and is anticipated to grow to USD 605.8 billion by 2035, registering a compound annual growth rate (CAGR) of 6.2% over the forecast period.

Attributes	Description
Estimated Business Size (2025)	USD 324.7 billion
Projected Business Value (2035)	USD 605.8 billion
Value-based CAGR (2025 to 2035)	6.2%

Semi-Annual Demand Space Update

Particular	Value CAGR
H1 (2024 to 2034)	5.8%
H2 (2024 to 2034)	6.0%
H1 (2025 to 2035)	6.3%
H2 (2025 to 2035)	6.6%

Country-wise Insights

Countries	CAGR (2025 to 2025)
Germany	4.4%
UK	6.5%
USA	3.1%
China	7.5%
Japan	3.2%

The revenue in the 'Chocolate Confectionery' segment of the food market in the United States was forecast to continuously increase between 2025 and 2030 by in total *** billion U.S. dollars (+***** percent). After the tenth consecutive increasing year, the revenue is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the 'Chocolate Confectionery' segment of the food market was continuously increasing over the past years.Find other key market indicators concerning the revenue growth and average consumption per capita.The Statista Market Insights cover a broad range of additional markets.