openPR Logo
Press release

Chocolate Confectionery Market to Reach US$258.9 Bn by 2030, PMR Study Reveals

12-13-2024 05:04 AM CET | Food & Beverage

Press release from: Persistence Market Research

Chocolate Confectionery Market to Reach US$258.9 Bn by 2030, PMR

Market Overview

The global chocolate confectionery market has been experiencing robust growth driven by consumer preferences for indulgence and the rising popularity of premium and artisanal chocolates. The industry encompasses a diverse range of products including dark chocolate, milk chocolate, white chocolate, and sugar-free variants, catering to an increasingly health-conscious and flavor-adventurous global demographic.

๐†๐ž๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐๐ƒ๐…-https://www.persistencemarketresearch.com/samples/33694

The evolution of innovative packaging and sustainable sourcing practices are redefining the market landscape, while increasing urbanization and higher disposable incomes continue to propel demand in emerging economies.

Market Growth Outlook

The global chocolate confectionery market is projected to expand at a CAGR of 7.5% during the forecast period. This growth trajectory is expected to elevate the market value from US$156.1 billion in 2023 to US$258.9 billion by 2030. Key factors contributing to this growth include an expanding middle-class population, technological advancements in processing, and the surge in e-commerce platforms offering convenience and product diversity to consumers.

Key Growth Determinants

Rising Demand for Premium Chocolates: The growing preference for high-quality, ethically sourced, and unique flavor profiles is driving the premium chocolate segment.
Increased Awareness of Health Benefits: Dark chocolate, known for its antioxidant properties, has witnessed heightened demand, especially among health-conscious consumers.

Innovative Product Offerings: Companies are introducing functional chocolates infused with vitamins, minerals, and other health-promoting ingredients, aligning with the wellness trend.
Major Growth Barriers

Fluctuating Cocoa Prices: The market is vulnerable to price volatility due to supply chain disruptions and changing climate conditions affecting cocoa production.
Competition from Substitutes: The rising demand for alternative snacks, such as protein bars and nuts, could pose challenges for traditional chocolate confectionery products.

Key Trends and Opportunities to Watch

Ethical Sourcing and Sustainability: With a focus on reducing environmental impact, many manufacturers are investing in certified sustainable cocoa and eco-friendly packaging solutions.
Customization and Personalization: Advances in technology are enabling the creation of customizable chocolate products, appealing to niche consumer groups.
Digital Transformation: Online retail channels are transforming the purchasing experience, allowing brands to reach a broader audience with targeted marketing strategies.
Regional Frontrunners

North America: The region leads the market with a strong preference for premium and organic chocolates, driven by affluent consumers.
Europe: Known for its traditional craftsmanship, Europe remains a hub for innovative and artisanal chocolates.
Asia-Pacific: Rapid urbanization and increasing disposable incomes are making Asia-Pacific the fastest-growing regional market, with a particular focus on China and India.

Key Market Players

Mars, Incorporated
Nestlรฉ S.A.
Mondelez International, Inc.
The Hershey Company
Ferrero Group
Lindt & Sprรผngli AG
Barry Callebaut AG
Godiva Chocolatier
Meiji Holdings Co., Ltd.
Chocoladefabriken Lindt & Sprรผngli AG

Chocolate Confectionery Market Research Segmentation

By Product Type:

Boxed
Chocolate Bars
Chips & Bites
Truffles & Cups
Others

By Form:

Milk
Dark
White

By Distribution Channel:

Supermarkets & Hypermarkets
Convenience Stores
Online
Others

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Conclusion

The chocolate confectionery market is set to achieve impressive growth fueled by innovation, sustainability, and digital transformation. Stakeholders are encouraged to capitalize on emerging trends such as personalized offerings and sustainable practices to maintain a competitive edge. With a promising CAGR of 7.5%, the market is poised to reach US$258.9 billion by 2030, marking an era of transformative growth in the chocolate confectionery industry.

More Related Article :

https://www.linkedin.com/pulse/ice-cream-mixes-market-trends-innovations-at3df/
https://www.linkedin.com/pulse/exploring-growth-potential-passion-fruit-market-ysjpf/

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

Contact Us:

Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

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 Reach US$258.9 Bn by 2030, PMR Study Reveals here

News-ID: 3786039 • Views: โ€ฆ

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient andโ€ฆ
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t โ€ฆ
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical toโ€ฆ
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ โ€ฆ
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of theโ€ฆ
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive โ€ฆ
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoringโ€ฆ

All 5 Releases


More Releases for Chocolate

Bean-to-bar Chocolate Market Players Gaining Attractive Investments: Dandelion C โ€ฆ
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 wellโ€ฆ
Bean-to-bar Chocolate Market Outlook 2031 Findings By Key Players-Taza Chocolate โ€ฆ
๐”๐’๐€, ๐๐ž๐ฐ ๐‰๐ž๐ซ๐ฌ๐ž๐ฒ- According to ๐Œ๐‘๐ˆ, the globalย Bean-to-bar Chocolate Marketย size in terms of revenue was valued at around USD XX.Xย billion in 2023 and is expected to reach a value of ๐”๐’๐ƒ ๐—๐—.๐— ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ,ย growing at a ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐ซ๐จ๐ฎ๐ ๐ก๐ฅ๐ฒ ๐—๐—.๐—% ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ.ย The globalย 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 dueโ€ฆ
Chocolate Ingredients Market by Type (Milk, Cocoa, Lecithin, Flavors, Others), C โ€ฆ
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 formulatingโ€ฆ
Sea Salt Chocolate Market Seeking Excellent Growth | GODIVA, Skellings Chocolate โ€ฆ
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 areโ€ฆ
Milk Chocolate Market ||Ezaki Glico, Kinder Chocolate, Blommer Chocolate, Godiva โ€ฆ
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 Chocolateโ€ฆ
Dark Chocolate Market By Type (70% Cocoa Dark Chocolate, 75% Cocoa Dark Chocolat โ€ฆ
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 proneโ€ฆ