Market Definition:
• Chocolates are the most consumed and profitable component of the confectionery industry.
• Different ranges of chocolates are produced based on the quantity of cocoa.
• Chocolates have been sourced as one of the excellent pressure suppressants and anti-ageing confectionery items.
Market Overview and Trends
• China, India, and Brazil are offering new variety of chocolates to improve differentiation, personalization, and premiumization of chocolates.
• Seasonal and festive sales of chocolate are increasing through the years.
• The key market trends in coming years will be the demand for organic, vegan, sugar-free, and gluten-free chocolates.
• Milk chocolates demand have increased due to its benefit in reducing cardiovascular diseases.
Market Dynamics:
Factors Influencing the Market Growth:
• Increase in demand for premium and seasonal chocolates during festive seasons has increased over the years.
• Consumers are preferring premium chocolates as gifts as they are more conscious about the brand and quality they consume.
• The rising income levels of the consumers and the changing lifestyles are the key factors resulting in the increase in purchase.
• Health benefit awareness such as antioxidants-enrichment, blood pressure-suppressing character, anti-ageing properties, stress reliever, among the consumers have increased the demand.
• Also, chocolate-flavoured milk, drinks, bakery products, ice creams, functional foods, and liquor chocolates will increase the market over the next few years.
Factors Restraining the Market Growth:
• Chocolates are considered to be a luxury product in some of the regions resulting in the less demand owing to the price of the product.
• The uncertain economy of the cocoa supply is likely to raise chocolate prices.
Market Segmentation 2019-2029:
The Chocolate Market is segmented on the Product type, Distribution Channel type, Sales Category type and Geography.
Product Type
• Milk/White Chocolate Market, 2019-2029
• Dark Chocolate Market, 2019-2029
Distribution Channel Type
• Supermarkets/Hypermarkets Market, 2019-2029
• Specialist Retailers Market, 2019-2029
• Convenience Stores Market, 2019-2029
• Online Channels Market, 2019-2029
• Other Distribution Channels Market, 2019-2029
Sales Category Type
• Everyday Chocolate Market, 2019-2029
• Premium Chocolate Market, 2019-2029
• Seasonal Chocolate Market, 2019-2029
Geographic Breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• LAMEA Market, 2019-2029
Competitive Analysis:
• The global chocolate market is highly competitive, with the presence of numerous leading players accounting for the major share.
• The new product launch is the preferred strategy in the global market.
• Manufacturers are attracting customers via ingredients, exclusivity, price, provenance, and packaging to attain maximum sales.
Major Market Players:
Ferrero, Lindt & Sprüngli, Nestlé, Mars, Incorporated, Cadbury, Dove Chocolate, Kinder, Ghirardelli Chocolate Company, The Hershey Company, Godiva Chocolatier, Milka, See’s Candies, Ritter Sport, Green & Black’s, Tootsie Roll Industries, Meiji, Whittakers, Wilbur Chocolate Company, Lotte, Guittard Chocolate Company, Kraft Foods, Valrhona, Droste, Marou, and Kraš.
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CCR Ref number: KD4R6
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1. Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Stakeholders
2. Research Methodology
2.1 Research Data
2.1.1 Primary Data
2.1.2 Secondary Data
2.2 Market Size Estimation
2.3 Research Assumptions
3. Executive Summary
4. Industry Insights
5. Chocolate Market – By Product
5.1 Milk/White Chocolate
5.2 Dark Chocolate
6. Chocolate Market – By Distribution Channel
6.1 Supermarkets/ Hypermarkets
6.2 Specialist Retailers
6.3 Convenience Stores
6.4 Online Channel
6.5 Other Distribution Channels
7. Chocolate Market – By Sales Category
7.1 Everyday Chocolate
7.2 Premium Chocolate
7.3 Seasonal Chocolate
8. Chocolate Market – By Geography
8.1 North America
8.1.1 U.S.
8.1.2 Canada
8.2 Europe
8.2.1 Germany
8.2.2 France
8.2.3 UK
8.2.4 Rest of Europe
8.3 Asia-Pacific
8.3.1 Japan
8.3.2 China
8.3.3 India
8.3.4 Rest of APAC
8.4 LAMEA
8.4.1 Latin America
8.4.2 Middle East
8.4.3 Africa
9. Competitive Landscape
10. Company Profiles
11. Appendix
List of Tables
Table 1 Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 2 Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 3 Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
Table 4 North America: Chocolate Market Size, By Country (US$ Mn AGR%, CAGR%), 2019-2029
Table 5 North America: Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 6 North America: Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 7 North America: Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
Table 8 US: Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 9 US: Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 10 US: Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
Table 11 Canada: Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 12 Canada: Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 13 Canada: Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
Table 14 Europe: Chocolate Market Size, By Country (US$ Mn AGR%, CAGR%), 2019-2029
Table 15 Europe: Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 16 Europe: Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 17 Europe: Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
Table 18 Germany: Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 19 Germany: Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 20 Germany: Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
Table 21 France: Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 22 France: Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 23 France: Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
Table 24 UK: Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 25 UK: Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 26 UK: Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
Table 27 Rest of Europe: Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 28 Rest of Europe: Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 29 Rest of Europe: Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
Table 30 Asia-Pacific: Chocolate Market Size, By Country (US$ Mn AGR%, CAGR%), 2019-2029
Table 31 Asia-Pacific: Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 32 Asia-Pacific: Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 33 Asia-Pacific: Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
Table 34 Japan: Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 35 Japan: Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 36 Japan: Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
Table 37 China: Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 38 China: Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 39 China: Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
Table 40 India: Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 41 India: Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 42 India: Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
Table 43 Rest of APAC: Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 44 Rest of APAC: Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 45 Rest of APAC: Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
Table 46 LAMEA: Chocolate Market Size, By Country (US$ Mn AGR%, CAGR%), 2019-2029
Table 47 LAMEA: Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 48 LAMEA: Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 49 LAMEA: Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
Table 50 Latin America: Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 51 Latin America: Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 52 Latin America: Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
Table 53 Middle East: Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 54 Middle East: Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 55 Middle East: Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
Table 56 Africa: Chocolate Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 57 Africa: Chocolate Market Size, By Distribution Channel (US$ Mn AGR%, CAGR%), 2019-2029
Table 58 Africa: Chocolate Market Size, By Sales Category (US$ Mn AGR%, CAGR%), 2019-2029
List of Figures
Figure 1 Chocolate Market Segmentation
Figure 2 Chocolate Market: Research Design
Figure 3 Drivers, Restraints, Opportunities, and Challenges in the Chocolate Market
Figure 4 Chocolate Market, By Product (2019-2029)
Figure 5 Chocolate Market, By Distribution Channel (2019-2029)
Figure 6 Chocolate Market, By Sales Category (2019-2029)
Figure 7 Global Chocolate Market, By Region
Figure 8 North America: Chocolate Market Snapshot
Figure 9 Europe: Chocolate Market Snapshot
Figure 10 APAC: Chocolate Market Snapshot
Figure 11 LAMEA: Chocolate Market Snapshot
Figure 12 Market Share/Ranking
Figure 13 Ferrero Financial Snapshot
Figure 14 Lindt & Sprüngli Financial Snapshot
Figure 15 Nestlé Financial Snapshot
Figure 16 Mars, Incorporated Financial Snapshot
Figure 17 Cadbury Financial Snapshot
Figure 18 Dove Chocolate Financial Snapshot
Figure 19 Kinder Financial Snapshot
Figure 20 Ghirardelli Chocolate Company Financial Snapshot
Figure 21 The Hershey Company Financial Snapshot
Figure 22 Godiva Chocolatier Financial Snapshot
Figure 23 Milka Financial Snapshot
Figure 24 See's Candies Financial Snapshot
Figure 25 Ritter Sport Financial Snapshot
Figure 26 Green & Black's Financial Snapshot
Figure 27 Tootsie Roll Industries Financial Snapshot
Figure 28 Meiji Financial Snapshot
Figure 29 Whittakers Financial Snapshot
Figure 30 Wilbur Chocolate Company Financial Snapshot
Figure 31 Lotte Financial Snapshot
Figure 32 Guittard Chocolate Company Financial Snapshot
Figure 33 Kraft Foods Financial Snapshot
Figure 34 Valrhona Financial Snapshot
Figure 35 Droste Financial Snapshot
Figure 36 Marou Financial Snapshot
Figure 37 Kraš Financial Snapshot
Cadbury
Dove Chocolate
Droste
Ferrero
Ghirardelli Chocolate Company
Godiva Chocolatier
Green & Black's
Guittard Chocolate Company
Kinder
Kraft Foods
Kraš
Lindt & Sprüngli
Lotte
Marou
Mars, Incorporated
Meiji
Milka
Nestlé
Ritter Sport
See's Candies
The Hershey Company
Tootsie Roll Industries
Valrhona
Whittakers
Wilbur Chocolate Company