Press release
Chocolate Confectionery Market to Witness Growth Acceleration During 2028 | Lotte Confectionery Co. Ltd., Nestlé S.A., Grupo Arcor, Ferrero SpA
The confectionery industry is broadly segmented into two categories – bakers’ confectionery and sugar confectionery. Chocolate confectionery involves sugar confections, in which the primary ingredient is chocolate. Depending on the types of chocolates, such as dark chocolates, milk chocolates, and white chocolates, various innovative types of chocolate confections are being introduced by leading players in the chocolate confectionery market.
Chocolate Confectionery Market – Notable Developments
Mars Wrigley Confectionery, world’s leading manufacturer of chocolate confectionery, announced its new cocoa sustainability strategy in September 2018. Company’s new plan – Cocoa for Generations – for overhauling its cocoa supply chain creates a pathway for cocoa-growing communities and smallholder cocoa farmers to thrive. The company also announced an investment of US$1 billion over the span of a decade and its goal to have 100% of its cocoa in chocolate confectionery to be responsibly traceable and sourced globally by 2025.
Mondelez International, Inc. is another American chocolate confectionery company to have announced that its chocolate brand ‘Milka’ will join sustainable cocoa sourcing program by the company to source all its cocoa sustainably over time. Through the Cocoa Life program, the company aims to reach over 200 thousand farmers and more than one million people by 2022.
Ferrero Group, another leading player in the chocolate confectionery market – announced in January 2018 that it has entered a definitive agreement to acquire Nestlé’s confectionery business in the United States (U.S.) for US$ 2.8 billion. The company also announced that it will acquire more than twenty chocolate confectionery brands in the U.S., including BabyRuth®, Butterfinger®, Wonka®, Raisinets®, and 100Grand®, and Nestlé’s U.S. chocolate confectionery facilities in Bloomington, Illinois, Franklin Park and Itasca, to expand its presence in the U.S. markets on a greater scale.
Get Exclusive PDF Sample Copy Of This Report:@
https://www.tmrresearch.com/sample/sample?flag=B&rep_id=4758
Some of the most prominent competitors operating in the competitive landscape of global chocolate confectionery market include –
Lotte Confectionery Co. Ltd.
Nestlé S.A.
Grupo Arcor
Ferrero SpA
The Hershey Company
Lindt & Sprüngli AG
Ezaki Glico Co., Ltd.
Mars Incorporated
Delfi Limited
Mondelez International, Inc.
Wm. Wrigley Jr. Company
Chocolate Confectionery Market Dynamics
Rapid Retail Market Expansion is Powering the Chocolate Confectionery Market
The chocolate confectionery market is gaining momentum as a wide range of chocolate confections are vended through multiple distribution channels, such as supermarkets, grocery stores, hypermarkets, online stores, convenience stores, forecourt retailers, and specialty confectionery stores. The global retail industry is undergoing explosive modernization with increasing investments in developing markets, such as chocolate confectionery market.
Thereby, lucrative opportunities in the retail industry are acting as a marketing tool for chocolate confectionery market players, enabling them to build a premium brand image and increasing brand exposure to a wide consumer base. This is expected to complement growth of the chocolate confectionery market in the upcoming years.
Increasing Use of Unique and Unusual Ingredients – An Emerging Trend in the Chocolate Confectionery Market
Increasing growth of the confectionery industry as well as the chocolate industry is making chocolate confectionery market an intensely competitive market. Leading players in the chocolate confectionery market are adopting product innovation strategies to introduce unique flavors and ingredients in chocolate confections.
Consumers are willing to try new flavors and types of chocolate confections and this is encouraging chocolate confectionery market players to beyond the usual flavors and experiment with unusual ingredients, such as fruits, nuts, vegetables, and cereals. Innovation in the variety of ingredients used in chocolate confections, apart from chocolates, is likely to emerge as a popular trend among a majority of players in the chocolate confectionery market in the coming future.
Read Complete Overview Of The Report :
https://www.tmrresearch.com/chocolate-confectionery-market
Innovative Advertising Strategies by Market Leaders Are Giving the Chocolate Confectionery Market a New Direction
While the chocolate confectionery market is witnessing incremental growth with burgeoning demand, the heavy impact of advertising on the target consumer base is encouraging chocolate confectionery market players to come up with innovative promotional strategies. Leading players in the chocolate confectionery market are conducting many product promotional and marketing activities among their target consumer groups to improve the outreach of their products.
Furthermore, a mounting number of players in the chocolate confectionery market are adopting the strategy using appealing packaging to attract a larger consumer base. Moreover, conducting branding activities and innovative promotional events on a large scale is expected to augur well for stakeholders in the chocolate confectionery market. In order to ensure the appropriate impact of their advertising and promotional strategies, leading players in the chocolate confectionery market are closely monitoring changing end-user or consumer behavior patterns, which is giving the chocolate confectionery market a new direction.
To know more about the table of contents, you can click @
https://www.tmrresearch.com/sample/sample?flag=T&rep_id=4758
Chocolate Confectionery Market Segmentation
Based on the product types, the chocolate confectionery market is segmented into,
Dark Chocolate Confectionery
Semi-sweet Chocolate
Bitter Chocolate
Other Dark Chocolates
Milk Chocolate Confectionery
White Chocolate Confectionery
Organic Chocolate Confectionery
Nut Chocolate Confectionery
Chocolate Creams
Based on the end products, the chocolate confectionery market is segmented into
Chocolate with Toys
Countlines
Chocolate Lollipops
Straightlines
Bagged Selflines/Softlines
Novelties
Boxed
Seasonal Chocolates
Molded Bars & Tablets
Alfajores
Others
Based on distribution channels, the chocolate confectionery market is segmented into
Supermarkets/Hypermarkets
Convenience Stores
Club Stores
Drug Stores
Confectionery Specialists/Shops
Online Retail
Discounters/Dollar Stores
Independent Small Grocers
Health and Beauty Retailers
Other Distribution Channels
About TMR Research:
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Chocolate Confectionery Market to Witness Growth Acceleration During 2028 | Lotte Confectionery Co. Ltd., Nestlé S.A., Grupo Arcor, Ferrero SpA here
News-ID: 2475497 • Views: …
More Releases from TMR Research
Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - …
Automotive Vision System Market: Introduction
A system that increases the vehicle driver's perception during night or bad weather conditions is termed as Automotive night vision system (ANVS). The system is otherwise beyond the reach of the vehicle's headlights, thereby prevents accidents at night. It can also be defined as a system which assists the driver by increasing visibility during bad whether while providing safety. Vehicle which have automotive vision system integrated are…
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market: Snapshot
The waste heat recovery market has been expected to reach a valuation of US$ 65.87 Bn and expand at a CAGR of 6.90% in the foreseeable years from 2020 to 2030.
The growth opportunities in the waste heat recovery market are attributed to the increasing prices of electricity and energy in the emerging economies. In addition to this, government regulations and incentives are also estimated to contribute…
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Ma …
Global Physical Fitness Equipment Market: Snapshot
The physical fitness equipment market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2020 to 2030.
The revenue generation opportunities in the physical fitness equipment market are attributed to the increasing enthusiasm among people toward fitness. In recent years, the fitness industry has been growing at a noticeable speed owing to…
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Grow …
Global Molecular Spectrometry Market: Snapshot
Molecular spectrometry examines and quantifies the response of molecules on interaction with known amounts of energy. Molecules have some energy levels that can be studied by determining the molecule's energy exchange through emission or absorbance. Molecular spectrometry involves studying emission, absorption, or scattering of electromagnetic waves by atoms or molecules to quantitatively and qualitatively study atoms, molecules or physical processes. The interaction of matter with radiation…
More Releases for Chocolate
Bean-to-bar Chocolate Market Players Gaining Attractive Investments: Dandelion C …
The Latest Study Published by HTF MI Research on the "Bean-to-bar Chocolate Market'' evaluates market size, trend and forecast to 2030. The Bean-to-bar Chocolate market study includes significant research data and evidences to be a practical resource document for managers and analysts is, industry experts and other key people to have an easily accessible and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges as well…
Bean-to-bar Chocolate Market Outlook 2031 Findings By Key Players-Taza Chocolate …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to 𝐌𝐑𝐈, the global Bean-to-bar Chocolate Market size in terms of revenue was valued at around USD XX.X billion in 2023 and is expected to reach a value of 𝐔𝐒𝐃 𝐗𝐗.𝐗 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟏, growing at a 𝐂𝐀𝐆𝐑 𝐨𝐟 𝐫𝐨𝐮𝐠𝐡𝐥𝐲 𝐗𝐗.𝐗% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟏. The global Bean-to-bar Chocolate market is projected to grow at a significant growth rate due to several driving factors.
The market for bean-to-bar chocolate is expanding significantly due…
Chocolate Ingredients Market by Type (Milk, Cocoa, Lecithin, Flavors, Others), C …
Data Bridge Market Research analyses that the global chocolate ingredients market to account USD 9.20 billion by 2028 and growing at a CAGR of 4.25% in the forecast period of 2021-2028.
Chocolate Ingredients market research report provides data and information about the scenario of ABC industry which makes it easy to be ahead of the competition in today's speedily altering business environment. Analytical study of this market report aids in formulating…
Sea Salt Chocolate Market Seeking Excellent Growth | GODIVA, Skellings Chocolate …
The latest 125+ page survey report on Global Sea Salt Chocolate Market is released by HTF MI covering various players of the industry selected from global geographies like North America Country (United States, Canada), South America, Asia Country (China, Japan, India, Korea), Europe Country (Germany, UK, France, Italy), Other Country (Middle East, Africa, GCC). A perfect mix of quantitative & qualitative Market information highlighting developments, industry challenges that competitors are…
Milk Chocolate Market ||Ezaki Glico, Kinder Chocolate, Blommer Chocolate, Godiva …
Zion Market Research published a new 110+ pages industry research "Global Milk Chocolate Market Is Expected To Reach Around USD 90.65 Billion By 2025" is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data on the Global Milk Chocolate…
Dark Chocolate Market By Type (70% Cocoa Dark Chocolate, 75% Cocoa Dark Chocolat …
Global Dark Chocolate Market Analysis
According to Verified Market Research, The Global Dark Chocolate Market was valued at USD 44.09 Billion in 2018 and is projected to reach USD 83.34 Billion by 2026, growing at a CAGR of 8.26% from 2019 to 2026.
What is Dark Chocolate?
Dark chocolate is chocolate without milk solids added and has a more prominent chocolate taste than milk chocolate and hence the dark chocolate is more prone…
