Chocolate Confectionery Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71692
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The chocolate confectionery market share is expected to increase by USD 30.28 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.71%.

This chocolate confectionery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers chocolate confectionery market segmentation by product (chocolate bars, boxed assortments and seasonal variants, and others) and geography (Europe, North America, APAC, South America, and MEA). The chocolate confectionery market report also offers information on several market vendors, including Barry Callebaut AG, Cargill Inc., Ezaki Glico Co. Ltd., Ferrero International SA, Lindt and Sprungli UK Ltd., Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Nestle SA, and The Hershey Co. among others.

What will the Chocolate Confectionery Market Size be During the Forecast Period?

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Chocolate Confectionery Market: Key Drivers and Trends

The frequent product launches is notably driving the chocolate confectionery market growth, although factors such as increase in the number of product recalls may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the chocolate confectionery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Chocolate Confectionery Market Driver

One of the key factors driving growth in the chocolate confectionery market is the frequent product launches. Major players are emphasizing the trend of gifting chocolate confectionery, which is augmented by the popularity of premium chocolate confectioneries. Innovations in chocolate confectionery include caramelized chocolate confectioneries along with seasonal confectioneries such as chocolate-filled Easter eggs, ruby chocolates, and other chocolate products infused with flavors and ingredients such as lemon, potato, pistachio, and peach.

Key Chocolate Confectionery Market Challenge

The increase in the number of product recalls will be a major challenge for the chocolate confectionery market during the forecast period. Product recalls defame the industry and increase the operational costs and financial burden for companies operating in a particular market. In recent years, product recalls have registered an increase.

This chocolate confectionery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Chocolate Confectionery Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Barry Callebaut AG
  • Cargill Inc.
  • Ezaki Glico Co. Ltd.
  • Ferrero International SA
  • Lindt and Sprungli UK Ltd.
  • Mars Inc.
  • Meiji Holdings Co. Ltd.
  • Mondelez International Inc.
  • Nestle SA
  • The Hershey Co.

 

This statistical study of the chocolate confectionery market encompasses successful business strategies deployed by the key vendors. The chocolate confectionery market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The chocolate confectionery market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Chocolate Confectionery Market?

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30% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for chocolate confectionery in APAC. Market growth in this region will be faster than the growth of the market in other regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Chocolate Confectionery Market?

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The chocolate confectionery market share growth by the chocolate bars segment will be significant during the forecast period. The launch of unique chocolate flavors and textures in chocolate confectionery products and the use of attractive packaging are the major factors driving the chocolate bars category. Globally, the increasing number of organized retailing outlets stocking a wide variety of chocolate bars and a rise in the number of product launches are likely to have a positive impact on the chocolate bars segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the chocolate confectionery market size and actionable market insights on post COVID-19 impact on each segment.

 

Chocolate Confectionery Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.71%

Market growth 2021-2025

$ 30.28 million

Market structure

Concentrated

YoY growth (%)

5.14

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

APAC at 30%

Key consumer countries

Germany, US, UK, China, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Barry Callebaut AG, Cargill Inc., Ezaki Glico Co. Ltd., Ferrero International SA, Lindt and Sprungli UK Ltd., Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Nestle SA, and The Hershey Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Chocolate Confectionery Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive chocolate confectionery market growth during the next five years
  • Precise estimation of the chocolate confectionery market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the chocolate confectionery industry across Europe, North America, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of chocolate confectionery market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Chocolate bars - Market size and forecast 2020-2025
  • Boxed assortments and seasonal variants - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Product

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Barry Callebaut AG
  • Cargill Inc.
  • Ezaki Glico Co. Ltd.
  • Ferrero International SA
  • Lindt and Sprungli UK Ltd.
  • Mars Inc.
  • Meiji Holdings Co. Ltd.
  • Mondelez International Inc.
  • Nestle SA
  • The Hershey Co.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The chocolate confectionery market growth will increase by $30.28 million during 2020-2025.
The chocolate confectionery market is expected to grow at a CAGR of 4.71% during 2020-2025.
Technavio has segmented the chocolate confectionery market by product (Chocolate bars, Boxed assortments and seasonal variants, and Others) and geographic (Europe, North America, APAC, South America, and MEA).
Barry Callebaut AG, Cargill Inc., Ezaki Glico Co. Ltd., Ferrero International SA, Lindt and Sprungli UK Ltd., Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Nestle SA, The Hershey Co. are a few of the key vendors in the chocolate confectionery market.
APAC will register the highest growth rate of 29.85% among the other regions. Therefore, the chocolate confectionery market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the chocolate confectionery market growth are:
  • Frequent product launches
The chocolate confectionery market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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