The Global Chocolate Segment registered a Market volume of 7,785.87 million kilograms in 2024
The indicator recorded a historical growth (CAGR) of 1.10% between 2021 to 2024, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Market volume of Global Chocolate Segment, 2018 - 2025 ( Million Kilograms)
Global chocolate segment
The chocolate confectionery market consists of boxed chocolate, chocolate countlines, chocolate straightlines, molded bars, novelties, and other chocolates.
The global market remained relatively stable in recent years producing moderate growth levels, however, has been very slightly decelerating. The outlook remains that the market is expected to continue this trend of moderate growth through to the end of the forecast period. The Chocolate countlines segment was the market's most lucrative, accounting for the majority share in the market. The global market is characterized by a mixture of regions that are in different stages of development, in Europe and other developed markets relative plateaus have been hit with marginal growth being the main character, but in BRIC countries there remain plenty of opportunities for growth still.
Category segmentation
The chocolate confectionery market is categorized into six major segments – Molded bars, Chocolate countlines, Chocolate straightlines, Boxed Chocolate, Novelties, and Other chocolate. Chocolate countlines are the largest segment of the global chocolate confectionery market.
Competitive landscape
The global chocolate confectionery market is fairly concentrated, with the top three players accounting for nearly half of the total market value. A majority of the leading companies are present in many geographical regions, producing a range of other confectionery products and soft drinks, which makes them much less reliant on the chocolate confectionery market. These factors defend their margins against local fluctuations. Switching costs for consumers and retailers are low, however, products differentiated both by inherent characteristics and by strong branding should allow players to maintain their hold on consumers, and so weaken rivalry. In a business where automated, high-volume manufacturing is the norm, implementation of capacity-increasing measures is easy, and fixed costs are high. Both these factors act as drivers of rivalry. Overall, there is a moderate degree of rivalry.
Market distribution
Supermarkets/hypermarkets form the leading distribution channel in the global chocolate confectionery market.
Who are the leading players?
Hershey is a consumer goods company, which operates primarily in the chocolate and sugar confectionery market. The company also produces and sells gum and mint refreshment products and pantry items, including baking ingredients, toppings, and beverages. Hershey operates across the Americas, Asia, Europe, the Middle East, and Africa.
Mars, Incorporated
Mars primarily produces and distributes food products worldwide. The company offers chocolates, candies, chewing gums, rice, entrees, sauces, and beverages among others. Additionally, it provides dog and cat food. The company operates across North America, Europe, Russia, and Commonwealth of Independent States (CIS) countries, Asia Pacific, Latin America, Africa, India, and the Middle East (AIME).
Mondelez is one of the largest snack companies in the world. The company offers snack food and beverage products, including biscuits (cookies, crackers, and salted snacks), chocolate, gum and candy, beverages, and various cheese and grocery products The Company offers products globally.
Nestle is one of the largest food and beverage companies in the world, with a product portfolio including baby foods, bottled water, cereals, chocolate and confectionery, coffee, culinary, chilled and frozen foods, dairy products, drinks, food service, healthcare nutrition products, ice creams, pet care products, and weight management services. The company offers a large number of global and local brands under its portfolio. Nestle operates a network of factories globally.
United States of America
China
France
Netherlands
United States of America
China
South Korea
China
Belgium
United Kingdom
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