The Market value (retail sales value) of the Global Chocolate Industry attained a value of USD 109,862.42 Millions in 2020
The Industry recorded a historical growth (CAGR) of 1.88 % between 2017 to 2020, and is expected to grow by...
GlobalData projects the Industry to grow at a CAGR of ...
The global chocolate market has steadily been growing since 2017, posting a low single-digit YoY growth in 2020. The US, Germany, Russia, and the UK were the leading countries in the chocolate market in 2020.
Mars, Incorporated, Mondelez International, Inc, Nestle, Ferrero, and The Hershey Co. were the top five largest players in the chocolate market in 2020. The top five players capture a major market share in terms of value.
Nestle, Hershey`s, Ferrero, Cadbury, and Kinder were the top five leading brands in the chocolate market.
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 leads the way in the global chocolate market in 2020
Mars was the second largest company in the global chocolate market. M & M`s, Mars, Snickers, and Dove were the major brands of Mars, Incorporated. The company reported single-digit YoY growth in 2020.
Mondelez International ranked second in the global chocolate market
Cadbury, Milka, Toblerone, Lacta, and COTE D`OR were the top brands of Mondelez International, Inc. Cadbury was one of the top five brands globally in the chocolate market. Mondelez International’s reported negative YoY growth in 2020.
The other market-leading positions were held by Nestle, Ferrero, and The Hershey Co.
Nestle and Ferrero held the third and fourth-largest market share in the global chocolate market.
Nestle, Garoto, Ferrero, Perugina, and Orion were the top five leading brands under Nestle to capture a major market presence in the global chocolate market.
Ferrero, Kinder, Sixlets, Rafaello, and Baci were the major brands of Ferrero, accounting for a major share in the global chocolate industry.
Market Fragmentation: Mars Incorporated accounted for more than one-tenth of the global chocolate market (by value) in 2020
Switzerland
France
United States of America
United States of America
Brazil
South Korea
United Kingdom
Japan
Belgium
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