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Chocolate Confectionery Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 167
  • SKU: IRTNTR71692
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The chocolate confectionery market is projected to increase by USD 45.78 million and the market is estimated to grow at a CAGR of 4.97% between 2022 and 2027. In 2017, the market size was valued at USD 151.8 million.

The global demand for premium chocolates is growing due to the increasing premiumization of chocolates as it quality and taste are too high. Many players are launching premium chocolates to attract consumers who are influenced by price, packaging, ingredients, exclusivity, and provenance, particularly in emerging economies such as China, India, and Brazil. Vendors such as Mars, Barry Callebaut, and Mondelez International are increasing efforts to improve differentiation, premiumization, and personalization in their chocolate segments with new premium offerings.

The market is segmented by product into chocolate bars, boxed assortments, seasonal variants, and others. The chocolate bars segment will contribute 60% to the growth of the market during the forecast period. Snickers, Milky Bar, Milka, Galaxy, 5 Star, Dove, and Cadbury Dairy Milk are the major brands of chocolate bars currently available in the market. The launch of unique chocolate flavors and textures in chocolate confectionery products and the use of attractive packaging are the major factors resulting in the chocolate bars category growth. 


Chocolate Confectionery Market Market: Overview

Chocolate Confectionery Market Size

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Key Trend and Challenge

Expansions and promotions by vendors through various strategies are a key trend, and fluctuating prices of raw materials is a major challenge. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help stakeholders in the value chain refine their marketing strategies to gain a competitive advantage.

Trend 

 

Expansions and promotions by vendors through various strategies are emerging trends. To develop a strong customer base both regional and global vendors across the world design various marketing strategies. These strategies include entering distribution deals with retailers, acquiring small players, setting up exclusive chocolate stores, and undertaking marketing campaigns frequently.

To increase product visibility many brands launch marketing and promotional campaigns. Such moves are aimed at attracting consumers to explore their pleasure profiles. For instance, there were multiple rooms featuring white chocolate and milk chocolate, one of which included a poster bed that depicted strawberries dipped in white chocolate, and the other one featured a large bed filled with bubble balls containing white chocolate. Furthermore, there was also a room featuring silk bedsheets in Milk Chocolate Suite. Therefore, such factors will increase the demand for these products and drive market growth during the forecast period. 

Challenge 

Fluctuating prices of raw materials are a major challenge impeding market growth. Raw materials like cocoa, milk, and sugar are used for manufacturing chocolate confectioneries. The major players' production volumes are hampered by high raw material price volatility, which also negatively impacts their profit margins.

Cocoa prices depend on the production volume of cocoa beans. The cultivation of these beans depends on various environmental factors, such as epidemics, and socio-economic factors, such as civil and political unrest. Therefore, changes in these factors will also impact the product cost and in turn increase the costs of the final products. Hence, these factors will hinder the market growth during the forecast period. 

Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Chocolate Confectionery Market Share by Geography

Global Chocolate Confectionery Market Customer Landscape

Vendor Overview

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Key offering- Artisan Confections offers Chocolate confectionery such as Bittersweet bars with candied orange and hazelnuts, Chocolate covered pretzels.
  • Key offering- Cargill offers Chocolate confectionery under its brand Ruby chocolate.
  • Key offering- Group Cemoi  offers chocolate confectionery under its brand Merckens, Willbur

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Boutique and Workshop
  • Cargill Inc.
  • CEMOI Group
  • Chocoladefabriken Lindt and Sprungli AG
  • Chukar Cherry Co. Inc.
  • Divine Chocolate Ltd.
  • Ezaki Glico Co. Ltd.
  • Ferrero International S.A.
  • Firetree Chocolate Ltd.
  • Lotte Corp
  • Mars Inc.
  • Mast Brothers Inc.
  • Meiji Holdings Co. Ltd.
  • Mondelez International Inc.
  • Moo Free Ltd.
  • Nestle SA
  • Neuhaus NV
  • Peeps and Co. Inc.
  • The Hershey Co.
  • Barry Callebaut AG

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Chocolate Confectionery Market Segmentation by Distribution Channel

Hypermarkets, supermarkets, and grocery and convenience stores are the various types of offline channels. Hypermarkets and supermarkets are the two major organized offline distribution channels of chocolate confectionery, which ease the purchasing process for consumers. It enables them to choose from a diverse range of chocolate confectionery. Tesco Plc (Tesco), Carrefour Group, and Target Brands Corp. (Target) are some of the major hypermarkets and supermarkets that offer various brands of chocolate confectionery. One of the major factors expected to drive the growth of the segment is the expansion of hypermarkets and supermarkets worldwide.

Chocolate Confectionery Market Segmentation by Product

The chocolate confectionery industry segment by product consists of chocolate bars, boxed assortments and seasonal variants, and others. The boxed assortments and seasonal varieties segment accounted for the overall revenue generated by the global chocolate confectionery market in 2022. The increasing number of product launches and heavy investments by chocolate confectionery vendors is expected to drive the growth of the market during the forecast period.

Chocolate Confectionery Market Size

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The chocolate bars segment was valued at USD 48.75 billion in 2017 and continued to grow until 2021. The major factors driving the segment growth are the launch of unique chocolate flavors and textures in chocolate confectionery products and the use of attractive packaging. Product innovations in the chocolate bars category include the development of smooth-textured dark chocolate bars, protein bars, and vegan chocolate bars, including varieties such as quinoa, sugar-free chocolate bars, and single-origin chocolate bars. Furthermore, the increasing number of organized retail outlets globally that stock a wide variety of chocolate bars will also attract more customers to purchase these products. Therefore, factors like these will boost segment growth during the forecast period.

Key Regions for the Chocolate Confectionery Market

Chocolate Confectionery Market Share by Geography

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APAC is estimated to contribute 31% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to vendors in Europe. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The demand for premium chocolate confectionery has been growing in Europe, particularly during festivals and special occasions like Easter, Christmas, and Valentine's Day. These chocolates are often given as gifts, and popular confectioneries include chocolate truffles, chocolate-dipped marshmallows, and Easter eggs filled with chocolate. The major countries in the region that exhibit a high demand for chocolate confectionery products include the UK, Germany, France, Switzerland, Italy, Russia, the Netherlands, Poland, Belgium, and Spain. The market is highly fragmented, with many regional and international players, which has led to intense competition. The above-mentioned factors, such as the demand for premium chocolate, the popularity of gifting, and the presence of many players in the market, are expected to drive the growth of the regional market during the forecast period.

The COVID-19 pandemic has had a significant impact on the chocolate confectionery market in Europe. In 2020, many countries implemented lockdowns and other restrictions, which led to a decrease in consumer demand for chocolate products as well as disruptions in the supply chain. However, as countries began lifting lockdown restrictions in 2021 and increasing numbers of people were vaccinated, the demand for chocolate confectioneries started to recover as people started to resume their normal lives. As a result, the supply of and demand for chocolates has been restored, leading to a positive impact on the regional chocolate confectionery market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook (USD Billion, 2017 - 2027)
    • Chocolate bars
    • Boxed assortments and seasonal variants
    • Others
  • Distribution Channel Outlook (USD Billion, 2017 - 2027)
    • Offline
    • Online
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Chocolate Confectionery Market Scope

Report Coverage

Details

Page number

167

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.01%

Market growth 2023-2027

$ 27.33 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

3.51

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 31%

Key countries

US, China, India, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Boutique and Workshop, Cargill Inc., CEMOI Group, Chocoladefabriken Lindt and Sprungli AG, Chukar Cherry Co. Inc., Divine Chocolate Ltd., Ezaki Glico Co. Ltd., Ferrero International S.A., Firetree Chocolate Ltd., Lotte Corp, Mars Inc., Mast Brothers Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Moo Free Ltd., Nestle SA, Neuhaus NV, Peeps and Co. Inc., The Hershey Co., and Barry Callebaut AG

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 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
  • Detailed information on factors that will drive the growth of the {{market_name.lower]} between 2023 and 2027
  • Precise estimation of the size of the chocolate confectionery market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of chocolate confectionery market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global chocolate confectionery market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global chocolate confectionery market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 Distribution Channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Chocolate bars - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Chocolate bars - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Chocolate bars - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Chocolate bars - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Chocolate bars - Year-over-year growth 2022-2027 (%)
    • 6.4 Boxed assortments and seasonal variants - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Boxed assortments and seasonal variants - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Boxed assortments and seasonal variants - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Boxed assortments and seasonal variants - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Boxed assortments and seasonal variants - Year-over-year growth 2022-2027 (%)
    • 6.5 Others - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product ($ billion)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 47: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 49: Chart on Comparison by Distribution Channel
      • Exhibit 50: Data Table on Comparison by Distribution Channel
    • 7.3 Offline - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 7.4 Online - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 59: Market opportunity by Distribution Channel ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2022-2027
      • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 Germany - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 Boutique and Workshop
              • Exhibit 112: Boutique and Workshop - Overview
              • Exhibit 113: Boutique and Workshop - Product / Service
              • Exhibit 114: Boutique and Workshop - Key offerings
            • 12.4 Barry Callebaut AG
              • Exhibit 115: Barry Callebaut AG - Overview
              • Exhibit 116: Barry Callebaut AG - Business segments
              • Exhibit 117: Barry Callebaut AG - Key news
              • Exhibit 118: Barry Callebaut AG - Key offerings
              • Exhibit 119: Barry Callebaut AG - Segment focus
            • 12.5 Cargill Inc.
              • Exhibit 120: Cargill Inc. - Overview
              • Exhibit 121: Cargill Inc. - Product / Service
              • Exhibit 122: Cargill Inc. - Key news
              • Exhibit 123: Cargill Inc. - Key offerings
            • 12.6 CEMOI Group
              • Exhibit 124: CEMOI Group - Overview
              • Exhibit 125: CEMOI Group - Product / Service
              • Exhibit 126: CEMOI Group - Key offerings
            • 12.7 Chocoladefabriken Lindt and Sprungli AG
              • Exhibit 127: Chocoladefabriken Lindt and Sprungli AG - Overview
              • Exhibit 128: Chocoladefabriken Lindt and Sprungli AG - Business segments
              • Exhibit 129: Chocoladefabriken Lindt and Sprungli AG - Key news
              • Exhibit 130: Chocoladefabriken Lindt and Sprungli AG - Key offerings
              • Exhibit 131: Chocoladefabriken Lindt and Sprungli AG - Segment focus
            • 12.8 Chukar Cherry Co. Inc.
              • Exhibit 132: Chukar Cherry Co. Inc. - Overview
              • Exhibit 133: Chukar Cherry Co. Inc. - Product / Service
              • Exhibit 134: Chukar Cherry Co. Inc. - Key offerings
            • 12.9 Ezaki Glico Co. Ltd.
              • Exhibit 135: Ezaki Glico Co. Ltd. - Overview
              • Exhibit 136: Ezaki Glico Co. Ltd. - Business segments
              • Exhibit 137: Ezaki Glico Co. Ltd. - Key offerings
              • Exhibit 138: Ezaki Glico Co. Ltd. - Segment focus
            • 12.10 Ferrero International S.A.
              • Exhibit 139: Ferrero International S.A. - Overview
              • Exhibit 140: Ferrero International S.A. - Product / Service
              • Exhibit 141: Ferrero International S.A. - Key offerings
            • 12.11 Firetree Chocolate Ltd.
              • Exhibit 142: Firetree Chocolate Ltd. - Overview
              • Exhibit 143: Firetree Chocolate Ltd. - Product / Service
              • Exhibit 144: Firetree Chocolate Ltd. - Key offerings
            • 12.12 Lotte Corp
              • Exhibit 145: Lotte Corp - Overview
              • Exhibit 146: Lotte Corp - Business segments
              • Exhibit 147: Lotte Corp - Key offerings
              • Exhibit 148: Lotte Corp - Segment focus
            • 12.13 Mars Inc.
              • Exhibit 149: Mars Inc. - Overview
              • Exhibit 150: Mars Inc. - Product / Service
              • Exhibit 151: Mars Inc. - Key offerings
            • 12.14 Meiji Holdings Co. Ltd.
              • Exhibit 152: Meiji Holdings Co. Ltd. - Overview
              • Exhibit 153: Meiji Holdings Co. Ltd. - Business segments
              • Exhibit 154: Meiji Holdings Co. Ltd. - Key news
              • Exhibit 155: Meiji Holdings Co. Ltd. - Key offerings
              • Exhibit 156: Meiji Holdings Co. Ltd. - Segment focus
            • 12.15 Mondelez International Inc.
              • Exhibit 157: Mondelez International Inc. - Overview
              • Exhibit 158: Mondelez International Inc. - Business segments
              • Exhibit 159: Mondelez International Inc. - Key news
              • Exhibit 160: Mondelez International Inc. - Key offerings
              • Exhibit 161: Mondelez International Inc. - Segment focus
            • 12.16 Nestle SA
              • Exhibit 162: Nestle SA - Overview
              • Exhibit 163: Nestle SA - Business segments
              • Exhibit 164: Nestle SA - Key news
              • Exhibit 165: Nestle SA - Key offerings
              • Exhibit 166: Nestle SA - Segment focus
            • 12.17 The Hershey Co.
              • Exhibit 167: The Hershey Co. - Overview
              • Exhibit 168: The Hershey Co. - Business segments
              • Exhibit 169: The Hershey Co. - Key news
              • Exhibit 170: The Hershey Co. - Key offerings
              • Exhibit 171: The Hershey Co. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 172: Inclusions checklist
                • Exhibit 173: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 174: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 175: Research methodology
                • Exhibit 176: Validation techniques employed for market sizing
                • Exhibit 177: Information sources
              • 13.5 List of abbreviations
                • Exhibit 178: List of abbreviations
              • food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.

                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
                Technavio

                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
                Technavio

                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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                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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