For this study, Grand View Research has segmented the global chocolate confectionery market based on product, type, distribution channel, and region. The per capita consumption of chocolate in these countries is higher than the countries of other regions. Dark6.3.1. Swift Rise in Demand for Chocolate Confectioneries Due to Stockpiling During COVID-19 Lockdown. Moreover, the growing population, increasing consumer disposable income, and rising awareness about such products are contributing to the regional market growth. The data offered to us was exactly what we were looking for. For instance, MycoTechnology, Inc. uses mushrooms to create sweeter chocolates with less sugar. Chocolate chips & bites market estimates and forecast, 2017-2030 (USD Billion)5.5. The Hershey Company10.1.1. The companys net sales increased by 2.2% in North America in the first quarter of 2020 due to increased buying ahead of the lockdown period. 
This growth is attributed to the increasing target young and millennial population in the region. Roadmap of Chocolate Confectionery Market3.8. To know how our report can help streamline your business, Speak to Analyst, Dark Chocolate Segment to Grow at Significant CAGR Backed by Shifting Consumer Preference towards High-end Chocolates. According to the U.S. Department of Agriculture, grocery store sales were up 99% in the middle of March and 25% higher on April 1st in 2020, compared to the previous year. 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.
Company Overview10.2.2. The robust food & drinks industry in Europe is likely to boost the market growth in this region as well during the forecast period. The leading manufacturers are intensively focusing on investing in research and development centers, distribution networks, and attractive packaging to capitalize on the growing demand. 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). With a rising preference for milk type category, many companies have been launching new products with clean labels such as organic, vegan, and certified Kosher to expand the existing product portfolio. The adoption of the product is increasing remarkably among millennials and centennials. 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. Consumer Trends and Preferences4.3. 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. There is growing popularity of dark chocolate in the region which is attributed to the increasing knowledge regarding the health benefits of cocoa. Product Benchmarking10.8.4. However, the chips & bites segment is projected to register the fastest growth from 2022 to 2030. Further, strong advertising and marketing campaigns for vegan, gluten-free, low-sugar chocolates are also driving the demand. Strategic Initiatives10.2. Please fill out the form below for a free PDF report sample & North America dominated the market share in 2019. In July 2021, Barry Callebaut announced the acquisition of Europe Chocolate Company (ECC), a Belgian-based private B2B chocolate specialties manufacturer. 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. The market in the region is primarily propelled by the growing trend of organic and clean-label chocolate confectioneries. DUBLIN, June 8, 2022 /PRNewswire/ --The "Chocolate Confectionery Market Size, Share & Trends Analysis Report by Product (Boxed, Molded Bars), by Type (Milk, Dark), by Distribution Channel (Supermarkets & Hypermarkets, Online), by Region and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering. Financial Performance10.2.3. For instance, in March 2021, Nestl launched Incoa in France and the Netherlands. Free upgrade to enterprise license (allows to share across all company locations), 5. The product range consists of five bars in three flavors such as peanut butter, milk mousse, and creamy caramel. The facility showcases a unique chocolate competence center, attractive museum, and open-view production plant.The dark chocolate segment is expected to be the fastest-growing segment during the forecast period. For instance, Nestl has patented a new process to naturally sweeten chocolate and to cut the use of refined sugar. Boxed chocolate market estimates and forecast, 2017-2030 (USD Billion)5.3. The countrys per capita consumption of this confectionery items was at 4.5-4.6 kg, which is higher compared to sugar confectionery products at 3.0-3.1 kg/person in 2018. 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. The rising trend of organic and sustainably sourced chocolate has contributed to new product developments in the chocolate confectionery industry. 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. Free report customization (equivalent up to 8 analysts working days) with purchase. Besides this, the report offers insights into the market trends for chocolate confectionery and highlights key industry developments. Strategic Initiatives10.7. According to the Global Diabetes Community, U.K., it is estimated that 415 million people had diabetes in 2018 across the world and is expected to rise to 642 million people living with the disease worldwide by 2040. Within Europe, countries such as Switzerland, Belgium, Germany, Austria, and the U.K. are the largest producers and consumers of chocolate products. All rights reserved. Factors Affecting Buying Decision4.4. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. These bars are certified Kosher, trans-fat-free, and non-GMO. Product Benchmarking10.4.4. The global chocolate confectionery market size was estimated at USD 178.8 billion in 2021 and is expected to reach USD 186.3 billion in 2022. b. Dark chocolate confectionery market estimates and forecast, 2017-2030 (USD Billion)6.4. 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. Milk chocolate confectionery market estimates and forecast, 2017-2030 (USD Billion)6.3. Consumer Behavior Analysis4.1. The milk chocolate segment is expected to be the leading segment in this market during the forecast period.
Ferrero10.2.1. Chocolate confectionery Market: Distribution Channel Estimates & Trend Analysis7.1. We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. Chocolate confectionery Market: Type Estimates & Trend Analysis6.1. Such facts are likely to bode well for future market growth. Business Environment Analysis3.6.1. North America is the major market shareholder due to the growing demand for premiumized chocolate confectioneries. Boxed5.2.1. Asia Pacific is anticipated to be the fastest-growing region from 2022 to 2030. Many key companies have been acquiring premium chocolate brands to expand their brand portfolio. Product Benchmarking10.9.4. from 8 AM - 9 PM ET. Market estimates and forecast through other distribution channel, 2017-2030 (USD Billion)Chapter 8.
Remarkable job and great efforts by your research team. Growing consumer preference for online platforms has prompted companies to offer products through this channel. LOTTE10.10.1. Company Overview10.1.2. Company Overview10.9.2. Financial Performance10.9.3. Addition or alteration to country, regional & segment scope.
France and Belgium have witnessed considerable growth in the recent past. Furthermore, the availability of both premium and private label brands at these stores boost sales through these distribution channels. Which region held the highest share in the market? At what CAGR is the market projected to grow in the forecast period (2020-2027)? Type Movement Analysis & Market Share, 2021 & 20306.2. Evolving consumer preferences towards innovative & novel products has necessitated manufacturers to introduce new products in the market. When typing in this field, a list of search results will appear and be automatically updated as you type. Our support available to help you 24 hours a day, five days a week. 6. The market exhibits a highly consolidated structure. Buyer Power3.6.1.3. What is the chocolate confectionery market growth? Market estimates and forecast through supermarkets & hypermarkets, 2017-2030 (USD Billion)7.3. Key company market share analysis, 2021Chapter 10. Reticence of U.S. Consumers towards Sugar Intake is Affecting Sales by Volume. 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. Product Movement Analysis & Market Share, 2021-20305.2. Financial Performance10.5.3. This website is secure and your personal details are safe.
online dashboard trial. Product Outlook (Revenue, USD Billion, 2017 -2030), Type Outlook (Revenue, USD Billion, 2017 - 2030), Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030), Regional Outlook (Revenue, USD Billion, 2017 - 2030), b. Avail of customized purchase options to meet your exact research needs. Financial Performance10.8.3. White chocolate confectionery market estimates and forecast, 2017-2030 (USD Billion)Chapter 7. What was the value of the market in North America in 2019? 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. The product is available in grocery stores, supermarkets, and e-commerce platforms, such as Amazon. I appreciate the timeliness and responsiveness of you and your team., The global chocolate confectionery market size was valued at $114.33 Bn in 2019 & is projected to reach $136.42 Bn by 2027, at a CAGR of 2.3% during forecast period, 2020 Fortune Business Insights . Strategic Initiatives10.6. On the other hand, consumers also prefer the private label chocolate products considering the value for the price. The production and sales of chocolate items have experienced a sudden slump due to the outbreak of the COVID-19 pandemic. Who are the key players in chocolate confectionery market? Milk6.2.1. We never share your personal data. 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. Barry Callebaut, Ferrero SpA, & Nestle S.A. are the major players in the market.
Which is the leading segment in the market? The leading players in the industry are taking efforts to develop and launch low-sugar chocolate products.
Company Overview10.10.2. Technological Advancements Contribute to the Increasing Demand for Premium Chocolates. North America Chocolate Confectionery Market Size, 2019 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. Impact of COVID-19 on the Chocolate Confectionery Market3.4. 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.
Product Benchmarking10.2.4. Restraint Impact Analysis3.5.3.
Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. No purchase commitment. The brand is paleo-friendly and clean-label, which would further expand the companys product offerings in the U.S. Molded bars segment held the largest market share in 2021 and is expected to maintain its dominance during the forecast period. The report was very accurate and as per my requirements. Product Benchmarking10.3.4. Product Benchmarking10.5.4. How big is the chocolate confectionery market? Who are the major players in this market? Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, "Chocolate Confectionery Market Size, Share & Trends Analysis Report by Product (Boxed, Molded Bars), by Type (Milk, Dark), by Distribution Channel (Supermarkets & Hypermarkets, Online), by Region and Segment Forecasts, 2022-2030", https://www.researchandmarkets.com/r/1we4gr. The segment is projected to retain its dominance throughout the forecast period, owing to the high consumer inclination toward shopping for grocery products from supermarkets. This is a very good piece of work and will be very helpful to us going forward. An Infographic Representation of Chocolate Confectionery Market, To get information on various segments, share your queries with us.
b. Attractive packaging solutions, enticing sensorial appeal, and health benefits are some of the factors that are driving the chocolate products market growth. Financial Performance10.10.3. Strategic Initiatives10.4. Copyright 2022 Grand View Research, Inc. All rights reserved. Chocolates have become a popular dessert of religious events, special occasions such as Christmas, Easter, and others. Industry Analysis-Porter's Five Forces3.6.1.1. Others5.6.1. b. Chocolate confectionery Market: Region Estimates & Trend AnalysisChapter 9. Product Benchmarking10.7.4. Company Profiles10.1.
Financial Performance10.6.3. Mondelez International10.5.1. The growing demand for craft, customized & premium chocolates among millennials is further fueling the chocolate confectioneries market growth. According to the survey conducted by Cargills North America Cocoa & Chocolate team of 600 U.S. grocery shoppers in February 2021, approximately one-third of the Americans in the country increased chocolate consumption during the pandemic. CEMOI Group10.7.1. The report covered all the points and was very detailed. Request a Free sample to learn more about this report. Market estimates and forecast through online, 2017-2030 (USD Billion)7.5. Molded Bars5.3.1. Choose reports from a database of more than 10,000 reports. The rise in demand for chocolate confectionery by the consumers has made retailers hold greater shelf spaces for chocolate confectionery, especially in developed countries, such as the U.S. and the U.K. For instance, in June 2020, Wicked Kitchen, a vegan brand in the U.K., launched its first-ever vegan cupcakes through Tesco supermarkets in the U.K.The chocolate confectionery market is consolidated in nature with the presence of many international players and a few regional players. 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. Dark chocolate is likely to witness the fastest growth during the forecast period as it is considered a healthier option with lower calories as compared to milk and white chocolates. Industry Challenges3.5.4.
Privacy Policy. It looks quite comprehensive and the data is exactly what I was looking for.
This growth is attributed to the increasing target young and millennial population in the region. Roadmap of Chocolate Confectionery Market3.8. To know how our report can help streamline your business, Speak to Analyst, Dark Chocolate Segment to Grow at Significant CAGR Backed by Shifting Consumer Preference towards High-end Chocolates. According to the U.S. Department of Agriculture, grocery store sales were up 99% in the middle of March and 25% higher on April 1st in 2020, compared to the previous year. 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.
Company Overview10.2.2. The robust food & drinks industry in Europe is likely to boost the market growth in this region as well during the forecast period. The leading manufacturers are intensively focusing on investing in research and development centers, distribution networks, and attractive packaging to capitalize on the growing demand. 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). With a rising preference for milk type category, many companies have been launching new products with clean labels such as organic, vegan, and certified Kosher to expand the existing product portfolio. The adoption of the product is increasing remarkably among millennials and centennials. 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. Consumer Trends and Preferences4.3. 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. There is growing popularity of dark chocolate in the region which is attributed to the increasing knowledge regarding the health benefits of cocoa. Product Benchmarking10.8.4. However, the chips & bites segment is projected to register the fastest growth from 2022 to 2030. Further, strong advertising and marketing campaigns for vegan, gluten-free, low-sugar chocolates are also driving the demand. Strategic Initiatives10.2. Please fill out the form below for a free PDF report sample & North America dominated the market share in 2019. In July 2021, Barry Callebaut announced the acquisition of Europe Chocolate Company (ECC), a Belgian-based private B2B chocolate specialties manufacturer. 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. The market in the region is primarily propelled by the growing trend of organic and clean-label chocolate confectioneries. DUBLIN, June 8, 2022 /PRNewswire/ --The "Chocolate Confectionery Market Size, Share & Trends Analysis Report by Product (Boxed, Molded Bars), by Type (Milk, Dark), by Distribution Channel (Supermarkets & Hypermarkets, Online), by Region and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering. Financial Performance10.2.3. For instance, in March 2021, Nestl launched Incoa in France and the Netherlands. Free upgrade to enterprise license (allows to share across all company locations), 5. The product range consists of five bars in three flavors such as peanut butter, milk mousse, and creamy caramel. The facility showcases a unique chocolate competence center, attractive museum, and open-view production plant.The dark chocolate segment is expected to be the fastest-growing segment during the forecast period. For instance, Nestl has patented a new process to naturally sweeten chocolate and to cut the use of refined sugar. Boxed chocolate market estimates and forecast, 2017-2030 (USD Billion)5.3. The countrys per capita consumption of this confectionery items was at 4.5-4.6 kg, which is higher compared to sugar confectionery products at 3.0-3.1 kg/person in 2018. 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. The rising trend of organic and sustainably sourced chocolate has contributed to new product developments in the chocolate confectionery industry. 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. Free report customization (equivalent up to 8 analysts working days) with purchase. Besides this, the report offers insights into the market trends for chocolate confectionery and highlights key industry developments. Strategic Initiatives10.7. According to the Global Diabetes Community, U.K., it is estimated that 415 million people had diabetes in 2018 across the world and is expected to rise to 642 million people living with the disease worldwide by 2040. Within Europe, countries such as Switzerland, Belgium, Germany, Austria, and the U.K. are the largest producers and consumers of chocolate products. All rights reserved. Factors Affecting Buying Decision4.4. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. These bars are certified Kosher, trans-fat-free, and non-GMO. Product Benchmarking10.4.4. The global chocolate confectionery market size was estimated at USD 178.8 billion in 2021 and is expected to reach USD 186.3 billion in 2022. b. Dark chocolate confectionery market estimates and forecast, 2017-2030 (USD Billion)6.4. 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. Milk chocolate confectionery market estimates and forecast, 2017-2030 (USD Billion)6.3. Consumer Behavior Analysis4.1. The milk chocolate segment is expected to be the leading segment in this market during the forecast period.
Ferrero10.2.1. Chocolate confectionery Market: Distribution Channel Estimates & Trend Analysis7.1. We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. Chocolate confectionery Market: Type Estimates & Trend Analysis6.1. Such facts are likely to bode well for future market growth. Business Environment Analysis3.6.1. North America is the major market shareholder due to the growing demand for premiumized chocolate confectioneries. Boxed5.2.1. Asia Pacific is anticipated to be the fastest-growing region from 2022 to 2030. Many key companies have been acquiring premium chocolate brands to expand their brand portfolio. Product Benchmarking10.9.4. from 8 AM - 9 PM ET. Market estimates and forecast through other distribution channel, 2017-2030 (USD Billion)Chapter 8. Remarkable job and great efforts by your research team. Growing consumer preference for online platforms has prompted companies to offer products through this channel. LOTTE10.10.1. Company Overview10.1.2. Company Overview10.9.2. Financial Performance10.9.3. Addition or alteration to country, regional & segment scope.
France and Belgium have witnessed considerable growth in the recent past. Furthermore, the availability of both premium and private label brands at these stores boost sales through these distribution channels. Which region held the highest share in the market? At what CAGR is the market projected to grow in the forecast period (2020-2027)? Type Movement Analysis & Market Share, 2021 & 20306.2. Evolving consumer preferences towards innovative & novel products has necessitated manufacturers to introduce new products in the market. When typing in this field, a list of search results will appear and be automatically updated as you type. Our support available to help you 24 hours a day, five days a week. 6. The market exhibits a highly consolidated structure. Buyer Power3.6.1.3. What is the chocolate confectionery market growth? Market estimates and forecast through supermarkets & hypermarkets, 2017-2030 (USD Billion)7.3. Key company market share analysis, 2021Chapter 10. Reticence of U.S. Consumers towards Sugar Intake is Affecting Sales by Volume. 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. Product Movement Analysis & Market Share, 2021-20305.2. Financial Performance10.5.3. This website is secure and your personal details are safe.
online dashboard trial. Product Outlook (Revenue, USD Billion, 2017 -2030), Type Outlook (Revenue, USD Billion, 2017 - 2030), Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030), Regional Outlook (Revenue, USD Billion, 2017 - 2030), b. Avail of customized purchase options to meet your exact research needs. Financial Performance10.8.3. White chocolate confectionery market estimates and forecast, 2017-2030 (USD Billion)Chapter 7. What was the value of the market in North America in 2019? 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. The product is available in grocery stores, supermarkets, and e-commerce platforms, such as Amazon. I appreciate the timeliness and responsiveness of you and your team., The global chocolate confectionery market size was valued at $114.33 Bn in 2019 & is projected to reach $136.42 Bn by 2027, at a CAGR of 2.3% during forecast period, 2020 Fortune Business Insights . Strategic Initiatives10.6. On the other hand, consumers also prefer the private label chocolate products considering the value for the price. The production and sales of chocolate items have experienced a sudden slump due to the outbreak of the COVID-19 pandemic. Who are the key players in chocolate confectionery market? Milk6.2.1. We never share your personal data. 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. Barry Callebaut, Ferrero SpA, & Nestle S.A. are the major players in the market.
Which is the leading segment in the market? The leading players in the industry are taking efforts to develop and launch low-sugar chocolate products.
Company Overview10.10.2. Technological Advancements Contribute to the Increasing Demand for Premium Chocolates. North America Chocolate Confectionery Market Size, 2019 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. Impact of COVID-19 on the Chocolate Confectionery Market3.4. 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.
Product Benchmarking10.2.4. Restraint Impact Analysis3.5.3.
Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. No purchase commitment. The brand is paleo-friendly and clean-label, which would further expand the companys product offerings in the U.S. Molded bars segment held the largest market share in 2021 and is expected to maintain its dominance during the forecast period. The report was very accurate and as per my requirements. Product Benchmarking10.3.4. Product Benchmarking10.5.4. How big is the chocolate confectionery market? Who are the major players in this market? Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, "Chocolate Confectionery Market Size, Share & Trends Analysis Report by Product (Boxed, Molded Bars), by Type (Milk, Dark), by Distribution Channel (Supermarkets & Hypermarkets, Online), by Region and Segment Forecasts, 2022-2030", https://www.researchandmarkets.com/r/1we4gr. The segment is projected to retain its dominance throughout the forecast period, owing to the high consumer inclination toward shopping for grocery products from supermarkets. This is a very good piece of work and will be very helpful to us going forward. An Infographic Representation of Chocolate Confectionery Market, To get information on various segments, share your queries with us.
b. Attractive packaging solutions, enticing sensorial appeal, and health benefits are some of the factors that are driving the chocolate products market growth. Financial Performance10.10.3. Strategic Initiatives10.4. Copyright 2022 Grand View Research, Inc. All rights reserved. Chocolates have become a popular dessert of religious events, special occasions such as Christmas, Easter, and others. Industry Analysis-Porter's Five Forces3.6.1.1. Others5.6.1. b. Chocolate confectionery Market: Region Estimates & Trend AnalysisChapter 9. Product Benchmarking10.7.4. Company Profiles10.1.
Financial Performance10.6.3. Mondelez International10.5.1. The growing demand for craft, customized & premium chocolates among millennials is further fueling the chocolate confectioneries market growth. According to the survey conducted by Cargills North America Cocoa & Chocolate team of 600 U.S. grocery shoppers in February 2021, approximately one-third of the Americans in the country increased chocolate consumption during the pandemic. CEMOI Group10.7.1. The report covered all the points and was very detailed. Request a Free sample to learn more about this report. Market estimates and forecast through online, 2017-2030 (USD Billion)7.5. Molded Bars5.3.1. Choose reports from a database of more than 10,000 reports. The rise in demand for chocolate confectionery by the consumers has made retailers hold greater shelf spaces for chocolate confectionery, especially in developed countries, such as the U.S. and the U.K. For instance, in June 2020, Wicked Kitchen, a vegan brand in the U.K., launched its first-ever vegan cupcakes through Tesco supermarkets in the U.K.The chocolate confectionery market is consolidated in nature with the presence of many international players and a few regional players. 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. Dark chocolate is likely to witness the fastest growth during the forecast period as it is considered a healthier option with lower calories as compared to milk and white chocolates. Industry Challenges3.5.4.
Privacy Policy. It looks quite comprehensive and the data is exactly what I was looking for.