Chocolate, Cocoa and Sugar Confectionery Market - Trends Forecast Till 2028

Global Chocolate, Cocoa and Sugar Confectionery Market is segmented by Product Type as Chocolates, Sugar Chocolate, Cocoa and Sugar Confectionery, and Snack Bars; by Distribution Channel as Supermarkets and Hypermarkets, Convenience Stores, Online Retail Stores, Specialist Retailers, Vending Machines, and other Distribution Channel and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-FB-CCSCM-502

Format:  

Number of Pages: 340

Domain: Food & Beverages

Chocolate, Cocoa and Sugar Confectionery Market – Trends Forecast Till 2028

The global Chocolate, Cocoa and Sugar Confectionery market is forecasted to witness a CAGR of 3.45% during the forecast period 2021-2028

This market covers packaged chewing and bubble gum, fruit and other flavoured, mints, hard, functional and other sugar Chocolate, Cocoa and Sugar Confectionery. The market majorly contains chocolate (dark chocolate and white chocolate), sugar Chocolate, Cocoa and Sugar Confectionery (boiled sweets, mints, pastilles, gums, jellies & chews, toffees, caramels & nougat, and other sugar Chocolate, Cocoa and Sugar Confectionery products) and snack bar (cereal bars, energy bars, and other snack bars).

Low-calorie products, such as sugar-free confectionaries, Healthier snacking, along with convenience and taste, and the rising trend among consumers for the same are some of the factors that have supported long-term expansion for Chocolate, Cocoa and Sugar Chocolate, Cocoa and Sugar Confectionery Markets.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Manufacturers are facing sudden challenges caused by the crisis are no exception.

Chocolate, Cocoa and Sugar Confectionery Market Analysis

North America and Europe are the market leaders, with Asia-Pacific and the Middle East being a prospective market, owing to the customers’ increasing preference for the exotic confectionary products being sold and manufactured in those countries.

Chocolate, Cocoa and Sugar Chocolate, Cocoa and Sugar Confectionery Market is segmented into product type, distribution channel and region.

On the basis of Product Type

  • Chocolate Confectionary
  • Sugar Chocolate, Cocoa and Sugar Confectionery
  • Snack bar

On the basis of Distribution Channel

  • Supermarket/hypermarket
  • Specialist retailers
  • Online retail stores
  • Convenience stores

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Chocolate, Cocoa and Sugar Confectionery Market Primary Respondent

 

Key Players

  • Mars, Incorporated
  • Ferrero
  • Nestle S.A.
  • Mondelēz International
  • Meiji Holdings Co., Ltd.

Recent Developments

  • In 2020, Mondelez International Inc has patented a process that enables it to lower the sugar levels in its chocolate using soluble corn fibre; this has the potential to reduce the level of sugar in their products by up to 50% without compromising on the flavour of the actual product.
  • In 2019, Mars Wrigley has extended their portfolio by the addition of a trio of vegan Galaxy chocolate bars in Caramel & Sea Salt, Caramelised Hazelnut flavours and Smooth Orange; this can be seen as companies’ response to capture consumers who are into special lifestyle choices.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Chocolate, Cocoa and Sugar Chocolate, Cocoa and Sugar Confectionery Markets so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 3.45% during the forecasting period, 2021-2026

Historical Data

2018-2019

Forecast Years

2021-2026

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2026

Report Segmentation

material type, end use, implementation and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

  • Mars, Incorporated, Ferrero, Nestle S.A., Mondelēz International and Meiji Holdings Co., Ltd.

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