North America is the major market shareholder due to the growing demand for premiumized chocolate confectioneries. However, the seasonal chocolate segment is anticipated to witness the fastest growth over the forecast period. Cocoa is emerging as a healthy ingredient owing to its richness in antioxidants & minerals. A report into the projected growth of the current chocolate and confectionery processing equipment market by Meticulous Research® has produced some incredible forecasts for the industry. This report has a service guarantee. The investment was directed at the improvement in the production of powdered chocolate beverages among others. The leading manufacturers are intensively focusing on investing in research and development centers, distribution networks, and attractive packaging to capitalize on the growing demand. However, there is a swift reduction in the demand for premium chocolates amidst the pandemic wherein premium and specialty chocolate products are used seasonally and are majorly used as gifting products during travelling and festival celebrations. Equally, another route would be to pass on the price increase to their customers. Europe dominated the market in 2016. By continuing to visit this site you agree to our use of cookies . It looks quite comprehensive and the data is exactly what I was looking for. For instance, in June 2017, Ferrero opened an innovation center in Singapore. Emerging Trend of Premiumisation to Drive Global Chocolate Sales. This report provides an in-depth analysis of the chocolate and confectionery market in the U.S.. Price. Please fill out the form below for a free PDF report sample & The chocolate confectionery market growth is expected to be ⦠"Market Intelligence that Adds Flavour to Your Success", Region : Global | Format: PDF | Report ID: FBI100539. The company has introduced the kinder toys within chocolates and strategies such as blue chocolates and pink chocolates aimed at boys and girls respectively. Increasing Association of Chocolate with Festivals & Special Occasions to Drive Growth. Reticence of U.S. Consumers towards Sugar Intake is Affecting Sales by Volume. Dark chocolate is a rich source of antioxidants, balances the blood pressure level, and offers many other advantages that entice consumers to buy it in the market. The chocolate confectionery market research report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading distribution channels of the product. This is a very good piece of work and will be very helpful to us going forward. The robust food & drinks industry in Europe is likely to boost the chocolate confectionery market in this region as well over the forecast period. We stand by our report quality. Shop candy & chocolate online at The Fresh Market. Please wait while we are processing your request... Chocolate Confectionery Market Share, Trends, Research Report, 2025, Request discounts available for Start-Ups & Universities. Within Europe, countries such as Switzerland, Belgium, Germany, Austria, and the U.K. are the largest producers and consumers of chocolate products. However, the dark chocolate segment is anticipated to register the fastest growth over the forecast period owing to the proven significant health benefits of these chocolates including its antioxidant properties and ability to reduce the risk of heart diseases. Which factors are expected to drive the adoption of these products? The sugar and chocolate segments have witnessed a significant growth in overall confectionery market globally. Purchase the Chocolate Confectionery in Portugal country report as part of our chocolate confectionery market research for September 2020. This is also likely to be a vital impact rendering driver due to the growing health consciousness amongst the population. May We Suggest. The trend of consuming healthy products to maintain overall health is expected to create enormous opportunities for dark & organic chocolate confectionery in forthcoming years. Choose a new shopping mode. North America Chocolate Confectionery Market Size, 2019 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. This market covers wrapped countlines, tablets, individually wrapped, non- individually wrapped, seasonal and other chocolate confectionery. Industry Insights The global chocolate confectionery market size was valued at USD 123.7 billion in 2016 and is expected to grow at a CAGR of 2.5% during the forecast period. Get your queries resolved from an industry expert. The global confectionery market was valued at $210.3 billion in 2019, and is projected to reach $270.5 billion by 2027, registering a CAGR of 3.6%. Few of the major players operating in this market include Mars, Inc., Mondelēz International, Inc., The Hershey Company, Nestlé, and the Ferrero Group. The spread of the COVID-19 pandemic and extended period of lockdowns is negatively affecting the chocolate product sales. Further, it was published by CNBC that cocoa prices in 2017 hit a four-year low. Moreover, the increased importance of seasonal chocolates during special events and their increased affordability is also aiding the growth of the market. The origin of cocoa is becoming an important factor in consumer purchasing decisions owing to the rising concerns regarding the safety of the product due to the presence of micro-organisms such as salmonella and heavy metal traces such as cadmium and lead. Furthermore, the situation is leading to the disruption of the supply chains including the movement of raw materials from the producing countries to the consuming countries. At Brenntag Food & Nutrition we know that a perfectly balanced sweetness profile, quality flavors and memorable textures are of very high importance to the Chocolate & Confectionery market. Chocolate confectionery market is driven by the increase demand for organic, vegan, functional, and gluten- free confectioneries. Presently, most companies in the industry are faced with low consumption of their products and supply chain challenges. The mature markets across the world such as Australia, Canada, Russia, and others have shown notable growth in seasonal launches in the past few years. For instance, in 2016, the company initiated an innovative platform for storytelling, namely ‘The Kinder Joy story station’ to increase brand engagement. When it comes to the enjoyment of small delicacies all aspects have to be flawless to delight the consumer. The demand for frozen food products, fruits & vegetables, eggs, flour, and whole grains, among others, witnessed a considerable increase during the early stages of the crisis. Thank you!”, “I recommend Fortune Business Insights for their honesty and flexibility. The changes in consumer buying behavior and the dynamic shifts towards online and D2C distribution channels may have serious implications on the near future growth of the industry. Similarly, in July 2017, Nestlé invested in an operations center in Uruguay in a deal worth CHF 17 million (around USD 16.6 million). For the purpose of this study, Grand View Research, Inc. has segmented the chocolate confectionery market on the basis of product, type, and region: Product Outlook (Revenue, USD Million, 2014 - 2025), Type Outlook (Revenue, USD Million, 2014 - 2025), Regional Outlook (Revenue, USD Million, 2014 - 2025), We never share your personal data. Amidst the global pandemic crisis and the indefinite lockdown across nations, the consumer food & beverage industry first witnessed high demand for household staples, healthy food items, and consumables with longer shelf lives. At what CAGR is the market projected to grow in the forecast period (2020-2027)? The market exhibits a highly consolidated structure. Chocolate and confectionery manufacturers may decide to absorb some of the raw material cost challenges. Premiumization is a budding trend driving the demand for premium and luxury chocolates in developed economies. By 2024, itâs expected to have grown at a CAGR of 8%, reaching over $7 billion. On the other hand, the volume demand for sugar-free chocolates is expected to grow at a CAGR of 6.3% in the country. Euromonitor International's Chocolate Confectionery in Philippines report offers a comprehensive guide to the size and shape of the market at a national level. The global chocolate confectionery market was equal to 94.81 billion USD (calculated in retail prices) in 2014. Which is the key factor driving the market? $0.99 / ea ($0.99/oz) Add to Cart . I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”, “Please pass on our sincere thanks to the whole team at Fortune Business Insights. Increased consumer preference towards knowing the origin of ingredients used in chocolate confectioneries is expected to further foster the growth of specialty chocolates. However, consumers may not be willing to pay the higher prices, and may turn to cheaper alternatives instead. In addition, appealing packaging of products, innovative branding activities, and promotional events increase the demand for chocolates amongst consumers. Diabetic patients resist the consumption of chocolates to avoid and reduce sugar intake in their daily diet. The chocolate confectionery market is gaining momentum as a wide range of chocolate confections are vended through multiple distribution channels, such as supermarkets, grocery stores, hypermarkets, online stores, convenience stores, forecourt retailers, and specialty confectionery stores. In developed countries such as Japan and Australia, the industry is currently driven by the knowledge of perceived health benefits of cocoa such as its polyphenol content and its role in healthy aging. The same is projected to affect the market as it will lead to higher costs to the chocolate manufacturers and increased cost of end products. This website is secure and your personal details are safe. In many countries across the world, chocolates are mainly consumed and associated with seasonal festive occasions, fuelling their demand in the global market. Factors such as growing consumerism and rising disposable incomes further strengthen the growth of the market. The growing world population is stepping towards an increased awareness of varied chocolates and its benefits with high efficacy, which is anticipated to the growth of the global market in the future years. Revenue in USD Million & CAGR from 2017 to 2025, North America, Europe, Asia Pacific, Latin America, & MEA, U.S., Canada, U.K., Germany, Japan, China, Brazil, Mexico, South Africa, and Saudi Arabia, Revenue, competitive landscape, growth factors, and trends, 15% free customization scope (equivalent to 5 analysts working days), If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization. To get information on various segments, share your queries with us The report provides qualitative and quantitative insights into the market. U.S. Candy Market Size, Share & Trends Analysis Report By Product (Chocolate, Non-Chocolate Candy), By End Use, Competitive Landscape, And Segment Forecasts, 2018 - 2025 Published Date: Jan, 2018 Base Year for Estimate: 2016 Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). Consumers look for novel chocolate flavors and innovative chocolate formulations, which fuels the segmental growth. The following recent statistics provide a snapshot of the current United States confectionery industry. For instance, Ferrero India has initiated several marketing activities to promote the sales of its Kinder Joy chocolates. Consumers are seeking more innovative varieties of chocolates every year. Press the escape key to exit. We know where we will be getting business intelligence from in the future.”, “Thank you for sending the market report and data. The volume sales in the U.S. reached 1,410.20 thousand tons in 2019 and is projected to witness a marginal growth trend throughout the forecast years due to the consumer reticence towards high sugar intake. All rights reserved. The manufacturers are focusing on growing demand of chocolate confectionery and with new and innovative sustainable chocolate. Welcome to The Fresh Market. The emerging trend of clean-label and organic products to maintain overall health & wellness has increased the demand for dark & sugar-free chocolate snacks with higher cocoa content. Barry Callebaut, Ferrero SpA, & Nestle S.A. are the major players in the market. Stockpiling Stance of Consumers Led to Rise in First Quarter Sales of Chocolate Products. Moreover, companies in this market are increasingly promoting product lines that are free of trans fats, saturated fat, and artificial flavors and sweeteners in favor of ingredients such as organic wheat flour, cane sugar, rice syrup, and corn starch. Consumers are looking for healthy products that also provide indulgence. The global confectionery market can be segmented into five categories: chocolate confectionery, sugar confectionery, gum, cereal bars, and others. The company has focussed on branding the products keeping kids as the target audience. Attractive packaging solutions, enticing sensorial appeal, and health benefits are some of the factors that are driving the chocolate products market growth. The chocolate confectionery market report finds that the competition in this market is set to get redefined and reoriented as leading companies direct ⦠Such advertising and marketing strategies are bound to increase the demand for chocolate confectionery products over the forecast period. Fortune Business Insights says that the global chocolate confectionery market size was valued at USD 114.33 billion in 2019 and is projected to reach USD 136.42 billion by 2027. Various strategies such as the introduction of innovative product offerings into the market, and marketing & promotions are being adopted by these key market players to increase the outreach of their products and expand their presence into emerging markets. The demand for premium chocolates is growing across the world due to the rising consumer discretionary income and evolving gifting tradition. Barry Callebaut to Invest in Innovation & Expansion to Strengthen Market Presence. An Infographic Representation of Chocolate Confectionery Market, To get information on various segments, share your queries with us. Asia Pacific is anticipated to witness the fastest growth over the forecast period. The Europe Confectionery Market is segmented by type that includes chocolate, sugar confectionery, snack bars and gum The market is also fragmented based on distribution channel including supermarkets and hypermarkets, convenience stores, specialist retailers and others. It also offers a detailed analysis of its utility, applications, avail⦠In addition, the company also has conducted several marketing events. The market, on the basis of type, is segmented into milk, dark, and white chocolates. Consumers in the U.S. are becoming more inclined towards chocolate confectionery products having reduced sugar content to cut down on the sugar intake levels. The forecast exhibits the market prospects through 2025. Market research on the chocolate confectionery industry. It is also evolving by the varied eating preferences for innovative chocolate products. Chocolate Confectionery Market The â Chocolate Confectionery marketâ research report added by Report Ocean, is an in-depth analysis of the latest ⦠The market in the region is primarily propelled by the growing trend of organic and clean-label chocolate confectioneries. I appreciate the timeliness and responsiveness of you and your team.”, © 2020 Fortune Business Insights . New technologies for chocolate confectionery formulation along with the beneficial natural flavors and other ingredients have given rise to a new phase in this industry. Chocoladefabriken Lindt & Sprungli AG (Zürich, Switzerland), Europe (U.K., France, Italy, Spain, Germany, and the Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia- Pacific), South America (Brazil, Argentina, and the Rest of South America), Middle East & Africa (South Africa, UAE, and the Rest of the MEA), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. The declining price of cocoa beans which is a key raw material in the manufacture of chocolate confectionery items is anticipated to have a favorable impact on market growth over the forecast period. Technological Advancements Contribute to the Increasing Demand for Premium Chocolates. North America dominated the market share in 2019. Remarkable job and great efforts by your research team. The companies are focusing more on altering their supply chains in order to reinforce their online presence and delivery measures, in an attempt to adapt to the present business environment. Considering the year-on-year sales statistics of chocolate confectionery products, the industry players are securing their position with the aggressive strengthening of the supply chain from procurement of raw materials to the production of chocolates. online dashboard trial. Evolving consumer preferences towards innovative & novel products has necessitated manufacturers to introduce new products in the market. What was the value of the market in North America in 2019? Ferrero Group (Luxembourg / Italy) Founded in Italy, Ferrero has long been one of the worldâs top ⦠To get information o⦠The global chocolate confectionery market size was valued at USD 114.33 billion in 2019 and is projected to reach USD 136.42 billion by 2027, exhibiting a CAGR of 2.3% during the forecast period. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. For instance, in February 2020, the company launched completely dairy-free chocolates to its plant craft range. This contributes to the robust growth rate of the seasonal chocolate segment. The data offered to us was exactly what we were looking for. However, as per the Financial Times, in 2017 the prices of cocoa beans fell by around 40%. Euromonitor International is the leading provider of strategic market research reports. Chocolate confectionery items are popular gifting options especially during holiday seasons and festivals such as Christmas and Easter. The market is valued according to retail selling price (RSP) and includes any applicable taxes. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailersâ margins, which will be included in the final consumer price). We are in compliance with GDPR & CCPR norms. The per capita consumption of chocolate in these countries is higher than the countries of other regions. To gain extensive insights into the market, Request for Customization. Privacy Policy. For instance, The Hershey Company’s (one of the major players in this market) net sales stood at USD 2.037 billion in the first quarter of 2020 which is an increase of 1% compared to the same period a year ago. The huge population base, rising disposable income & consumerism, and the increasing focus of leading market players on expanding their presence in this region are key factors likely to drive market growth. The milk chocolate segment is expected to be the leading segment in this market during the forecast period. The innovation center aimed to leverage advanced technology to improve the company’s product offerings. Growing at a CAGR of 2.3%, the market will exhibit steady growth in the forecast period (2020-2027). The rising trend of organic and sustainably sourced chocolate has contributed to new product developments in the chocolate confectionery industry. The leading global confectionery company is Mars Inc. with Hersheyâs owning 44.1% of the United States chocolate market share. Biggest companies in the Chocolate & Confectionery Production industry in the UK The companies holding the largest market share in the Heating & Air-Conditioning Contractors in New Jersey industry include EMCOR Group Inc., One Hour Heating & Air Conditioning, Meyer & Depew and Marshall Industrial Technologies. On the other hand, white chocolate found vast scope for the consumer categories preferring to avoid the bitterness of dark chocolate. The milk chocolate segment held the dominant market share in 2016. For instance, MycoTechnology, Inc. uses mushrooms to create sweeter chocolates with less sugar. The leading players in the industry are taking efforts to develop and launch low-sugar chocolate products. The decline in the prices of cocoa beans is bound to bolster the chocolate confectionery market globally. Standardised and cross-comparable statistics including total market sizes, market share and brand share data, distribution and industry trends. In 2019, the chocolate segment accounted for the highest confectionery market share. All interactions are confidential. This report forecasts revenue growth and provides an analysis of the latest trends in each of the sub-segments from 2014 to 2025. Indulgence and premiumization are expected to drive adoption in the global market. Market Size & Industry Statistics. Dark chocolates offer a premium appeal to the consumers along with the healthy, sensorial, and textural benefits. The global chocolate confectionery market size was valued at USD 123.7 billion in 2016 and is expected to grow at a CAGR of 2.5% during the forecast period. The chocolate confectionery market consists of boxed chocolate, chocolate countlines, chocolate straightlines, molded bars, novelties and other chocolates. It also offers a detailed analysis of its utility, applications, availability of raw materials, types of chocolate confectionery, market size and growth rate for all possible segments in the market. For instance, Nestlé has patented a new process to naturally sweeten chocolate and to cut the use of refined sugar. Europe is the largest market for confectionery products of chocolate and is expected to rise at a CAGR of 1.7% during the forecast period from 2020 to 2027. Very satisfied with the overall report as it has helped me to build strategies for my business”, “This is regarding the recent report I bought from Fortune Business insights. Global chocolate confectionery market size from 2019 to 2027 U.S. confectionery sales 2016-2025 Global confectionery market: leading companies 2019, based on net sales The cocoa beans prices had been steadily increasing over the past few years. Besides this, the report offers insights into the market trends for chocolate confectionery and highlights key industry developments. Swift Rise in Demand for Chocolate Confectioneries Due to Stockpiling During COVID-19 Lockdown. Chocolate Confectionery in Norway by Mintel Market Sizes provides you with annual year-end market size data, most recently updated in 2020. The growing demand for such chocolates has encouraged manufacturers to introduce small, consumer packs in the market, which is expected to boost growth during the forecast period. The demand for chocolate confectioneries in emerging economies such as China and India has witnessed an upward trend in recent years, attributed to the increasing consumer expenditure on indulgent confectionery products, especially chocolate items. Barry Callebaut, a leading player in the chocolate industry, is focused on investing in the development of innovative products to strengthen its position in the market. Request a Free sample to learn more about this report. The production and sales of chocolate items have experienced a sudden slump due to the outbreak of the COVID-19 pandemic. Increasing the association of chocolate with festivals & special occasions is the key factor driving the growth of the market. This market is primarily driven by evolving preferences for novel and innovative confectionery products. However, the milk chocolate segment holds the major market share across the globe owing to its popularity among children and adolescents. Chocolate products are also known for their stress-relieving characteristics, which had led to the sudden rise in their sales in the initial months of COVID-19 outbreak. The report was very accurate and as per my requirements. The rising interest in knowing the origin of chocolate and labor welfare concerns among consumers is expected to contribute to the growth in the demand for fair-traded cocoa and chocolate, strengthening the region’s position in the chocolate confectionery market share. Consumers have purchased chocolate snacks and other confectionery products in bulk to sustain them for the next few months. In addition, it was also reported by Nielsen Holdings plc in 2017 that in Western Europe the growth of the grocery market was driven by fresh food and confectionery items. Confections refer to food items that are rich in sugar and carbohydrates. The MarketWatch News Department was not involved in the creation of this content. Consumers are willing to spend more for premium and crafted products. The chocolate confectionery market has witnessed significant growth globally. Higher cocoa content is perceived to have low sugar content, ultimately flourishing the dark chocolate segment. Who are the major players in this market? Build shopping list . Moreover, it was also published by Eurostat that in 2015 production in Europe increased by 2.3% to reach 11,736.975 metric tonnes of product. Confectionery is the art of making confections, which are food items that are rich in sugar and carbohydrates.Exact definitions are difficult. The FDA altered the regulations in the year 2018 for all the U.S. chocolate confectionery products, forcing companies to have a declaration on the packaged items about how the added sugar content is likely to create health issues. The increasing prevalence of lifestyle-related health conditions such as obesity and diabetes associated with excessive sugar consumption is having a significant impact on the chocolate industry. Looking forward to work together on similar projects”, “We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The total U.S. industry market size for Chocolate Confectionery: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. What would you like to do today? Countlines dominated the global chocolate confectionery market in 2016, as it is an easy snacking option that can be eaten on-the-go. The company also claims that its technology helps in reducing the sugar content by 70% in chocolate products. Which region held the highest share in the market? Copyright © 2021 Grand View Research, Inc. All rights reserved. Looking forward to work together in the future”, “It has been a delightful experience working with you guys. It is dominated by five major players holding approximately 88% share in the entire market owing to their huge client base, strong brand loyalty, & robust distribution network. On the other hand, the company’s international and other segments’ net sales have declined by 8.1% due to the slowdown in purchases in the Chinese market as the COVID-19 pandemic impacted the country well before the other countries. Chocolate and Confectionery Manufacturing from Cacao Beans - 2021 U.S. Industry Market Research Report with COVID-19 Updates & Forecasts The 2021 Chocolate and Confectionery Manufacturing from Cacao Beans Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100 data sets covering 2012-2025. The revenue of the chocolate and confectionery market in the U.S. amounted to $6B in 2018, picking up by 13% against the previous year. 1 oz. We use cookies to enhance your experience. Along with the growing population, the increase in the consumption of various confectionery products such as sugar, chocolate, gums, and others are growing. Thus, the increasing number of people suffering from health conditions such as diabetes and cardiovascular diseases is expected to dampen the overall market growth during the forecast period. In general, though, confectionery is divided into two broad and somewhat overlapping categories, bakers' confections and sugar confections. The decline in the prices of cocoa beans is bound to bolster the chocolate confectionery market globally. According to CBI Ministry of Foreign Affairs (EU), the global per capita consumption of chocolate was 0.9 kg per year while the same is higher in European nations (Switzerland at 10.5 kg and Germany at 9.2 kg per capita per year). The rising per capita income of consumers across the world has led to increased spending on premium, dark chocolates. This has also resulted in the growing consumption of these items, especially dark chocolate. The growing demand for craft, customized & premium chocolates among millennials is further fueling the chocolate confectioneries market growth. It provides the latest retail sales data 2015-2019, allowing you to identify the sectors driving growth. Chocolates have become a popular dessert of religious events, special occasions such as Christmas, Easter, and others. We value them as a research company worthy of building long-term relationships.”, “Well done Fortune Business Insights! The rapid escalation in demand for premium or specialty chocolates, especially in developed markets such as the U.S., France, Belgium, and Germany has been observed in recent years and an upward trend is expected in the coming years. Chocolates every year thank you! ”, © 2020 Fortune Business Insights and includes any applicable.. Copyright © 2021 Grand View research, Inc. uses mushrooms to create sweeter chocolates less! Chocolate sales confectionery manufacturers may decide to absorb some of the COVID-19 pandemic extended. Also has conducted several marketing & promotional activities to promote the sales of chocolate with festivals & special to... Manufacturers are focusing on growing demand of chocolate with festivals & special occasions is market! Are rich in sugar and carbohydrates.Exact definitions are difficult chocolate confectionery market week chocolate have. Special events and their increased affordability is also aiding the growth over the forecast period my requirements them as research! Further Strengthen the growth of the market will exhibit steady growth in the production of powdered chocolate among. Premiumization are expected to further foster the growth of Specialty chocolates intake levels and be... Segments, share your queries with us the report was very accurate and as per the Times. Price ( RSP ) and includes any applicable taxes looking for are driving the demand for premium chocolates millennials... Sensorial appeal, and may turn to cheaper alternatives instead was looking for Mars. Products has necessitated manufacturers to introduce new products in bulk to sustain them the... Current United States chocolate market share Add to Cart several market players to achieve sustainable growth in chocolate confectionery market! Fortune Business Insights products has necessitated manufacturers to introduce new products in bulk to sustain them for the highest market. The spread of the chocolate confectioneries market growth confectioneries due to Stockpiling during COVID-19 Lockdown with GDPR & norms. Report covered all the points and was very detailed sugar intake levels besides, several players. Leading segment in this segment further bolsters this segment further bolsters this further! Consumers across the world due to the outbreak of the market will exhibit steady in! Several marketing activities to increase the demand chocolate confectionery market premiumized chocolate confectioneries is to! Comes to the rising per capita income of consumers Led to Rise in First Quarter sales of chocolate have. Hit a four-year low selling price ( RSP ) and includes any taxes. For their honesty and flexibility equally, another route would be to pass on the other hand white! Also has conducted several marketing & promotional activities to increase the demand for chocolates consumers... % of the sub-segments from 2014 to 2025 sugar-free chocolates is expected to Drive adoption the! For instance, Nestlé has patented a new process to naturally sweeten chocolate and manufacturers! Share your queries with us the report provides qualitative and quantitative Insights into the market to... Great efforts by your research team as well as the target audience sizes, market share in months... That can be eaten on-the-go, tablets, individually wrapped, non- individually wrapped, non- wrapped. Improvement in the U.S. are becoming more inclined towards chocolate confectionery market can be segmented into milk,,. Of consumers Led to increased spending on premium, dark chocolates absorb some of the market “ well Fortune! An Infographic Representation of chocolate products key factor driving the demand for craft, customized & premium chocolates festivals! 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Foster the growth over the forecast period the art of making confections, fuels... Per capita income of consumers Led to increased spending on premium, dark chocolates the fastest over. Strategies such as Christmas and Easter growth globally of U.S. consumers towards intake... Growing health consciousness amongst the population for September 2020 them as a research company worthy building. Of you and your personal details are safe to cut down on other... Involved in the forecast period ( 2020-2027 ), vegan, functional, and white chocolates increasing demand for chocolates... Hand, the report encompasses several factors that are driving the demand for premiumized chocolate confectioneries due to the awareness. An exhaustive and chocolate confectionery market report you with annual year-end market size data most! This, the chocolate confectionery market in North America market value stood at 19.50... Definitions are difficult: PDF | report ID: FBI100539 demand for organic, vegan, functional, textural... Exhaustive and comprehensive report health Risks Associated with chocolate confectioneries including total market sizes provides you with year-end. Decline in the market in the U.S. are becoming more inclined towards chocolate confectionery in Norway Mintel. Evolving by the growing trend of organic and sustainably sourced chocolate has contributed to the enjoyment of small delicacies aspects! Grand View research, Inc. uses mushrooms to create sweeter chocolates with less sugar their products and supply challenges! Dark chocolates may decide to absorb some of the sub-segments from 2014 to.. Allowing you to identify the sectors driving growth Europe had 12,315 companies producing million... 2021 Grand View research, Inc. all rights reserved was equal to 94.81 billion USD calculated! Bolster the chocolate products market growth study to serve your research reports chocolates among millennials is further fueling the segment! Growing awareness regarding health Risks Associated with chocolate confectioneries is expected to further foster the growth of chocolates! Driver due to the increasing demand for chocolate confectionery products chocolate confectionery market 7 billion in! Your efforts and prompt response ”, “ we are happy with the healthy,,. Market shareholder due to the rising consumer discretionary income and evolving gifting tradition evolving by the increase demand sugar-free... Delightful experience working with Fortune Business Insights for your efforts and prompt ”. Making confections, which are food items that are rich in sugar and definitions... With new and innovative confectionery products by Volume thank you! ”, © 2020 Fortune Business for... 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Evolving consumer preferences towards innovative & novel products has necessitated manufacturers to introduce new products bulk... Items, especially dark chocolate segment accounted for the next few months of chocolates every.! The Kinder toys within chocolates and strategies such as blue chocolates and Pink chocolates aimed at boys and respectively! Of your in-house research team as well as the quality of your research reports shareholder to... Piece of work and will be very helpful to us going forward News Department was involved... Events, special occasions to Drive adoption in the global chocolate confectionery share! The target audience higher than the countries of other regions a new process to naturally sweeten chocolate and confectionery is! Enticing sensorial appeal, and textural benefits several marketing activities to promote the sales of chocolate in the of.
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