The Market value (retail sales value) of Chocolate Industry in China attained a value of USD 3,494.17 Millions in 2020
The Industry recorded a historical growth (CAGR) of 4.96% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the Industry to grow at a CAGR of ...
The chocolate industry in China has steadily been growing since 2017, posting a low single-digit YoY growth in 2020.
Mars, Inc., Ferrero, and Nestle held the top three leading market positions in China’s chocolate industry.
In 2020, Dove, Ferrero, Nestle, and Hershey’s were the leading brands in the chocolate industry in China.
Chocolate includes boxed chocolates, molded chocolate bars, chocolate-covered bars whether in single bars or bite-sized versions sold in multipacks, seasonal novelties, and local specialties. Chocolate Includes milk chocolate and excludes cooking chocolate.
Mars, Incorporated was the leading company in China’s chocolate industry in 2020
A significant market share (by value) of the chocolate industry is held by Mars, Incorporated. Mars offers leading portfolio brands such as Dove, M&M and Snickers.
Ferrero ranked second in terms of the highest market value in China’s chocolate industry.
Ferrero’s YoY growth was the highest among the leading chocolate companies in the region. Ferrero’s portfolio brands include Ferrero, Kinder and Faffaello. Ferrero reported the highest YoY growth in 2020, among the other brands.
Nestle was the third-largest market in China’s chocolate industry.
Nestle held a significant market share in terms of value in the industry. Nestle and Hsu-Fu-chi are the leading brands under Nestle.
Market Fragmentation: Top three brands cumulatively held a significant market share of the chocolate industry in China in 2020.
Switzerland
United States of America
France
Netherlands
China
China
South Korea
China
Belgium
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer