Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Chocolate Confectionery Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Chocolate Confectionery Market?
The size of the chocolate confectionery market has been gradually increasing in recent years. The market is set to expand from $179.61 billion in 2024 to $186.6 billion in 2025, growing at a compound annual growth rate (CAGR) of 3.9%.
What Are the Expected Market Growth Trends for the Chocolate Confectionery Market Through 2029?
The Chocolate Confectionery Global Market Report predicts that by 2029, the market size will expand to $221.63 billion, growing at a Compound Annual Growth Rate (CAGR) of 4.4%.
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What Are the Key Business Drivers in the Chocolate Confectionery Market Landscape?
The key drivers in the chocolate confectionery market are:
• Innovative product offerings
• Rising demand for premium chocolates
• Growing snacking culture
• Expansion of e-commerce channels in retailing the products.
How Is the Chocolate Confectionery Market Divided Across Key Categories?
The chocolate confectionerymarket covered in this report is segmented –
1) By Type: Milk Chocolate, Dark Chocolate, White Chocolate
2) By Application: Food, Beverages
3) By Distribution Channel: Supermarkets Or Hypermarkets, Specialist Retailers, Convenience Stores, Online Channel, Other Distributions
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What Are the Ongoing Trends in the Chocolate Confectionery Market?
The key trends in the chocolate confectionery market are:
• The industry is expecting significant growth due to innovative product offerings and a rising demand for premium chocolates.
• Trends suggest that health and wellness preferences, as well as sustainability and ethical sourcing, will play a crucial role in shaping the market.
• Another emerging trend includes an expansion of the variety and flavors alongside growth in the premium and luxury segment.
• The emergence of convenience and the growth of the snacking culture is also deemed to change this industry's landscape.
Which Companies are Expanding in the Chocolate Confectionery Industry?
Major players in the chocolate confectionery market are:
• Barry Callebaut AG
• Mondelez International Inc.
• Nestlé S.A.
• The Hershey Company
• Ferrero Group
• Mars Incorporated
• Meiji Holdings Co. Ltd.
• Grupo Arcor
• Chocoladenfabriken Lindt & Sprüngli AG
• Ghirardelli Chocolate Co.
• Moonstruck Chocolatier Co.
• Chocolaterie Guylian
• Lake Champlain Chocolates
• The Australian Carob Co.
• Archer Daniels Midland Company
• AMCO GmbH
• Cargill Incorporated
• Cocoatrade Limited
• Ecom Cocoa International
• Gerkens Cacao GmbH
• ICAM S.p.A.
• Olam International Limited
• Puratos Group NV
• Alfred Ritter GmbH & Co. KG
• Sarotti AG
• Schachinger GmbH
• August Storck KG
• United Confectioners Group
• Valio Ltd.
• Venchi S.p.A.
• Villars Maître Chocolatier SA
• Wedel S.A.
Which is the Largest Region the Global Chocolate Confectionery Market?
Europe was the largest region in the chocolate market in 2024
