Press release
Chocolate Confectionery Market Will Expand to USD 258.9 Bn by 2030 - Persistence Market Research
The global chocolate confectionery market is poised for significant growth, with a projected expansion at a Compound Annual Growth Rate (CAGR) of 7.5%. This growth is expected to propel the market from a value of US$156.1 billion in 2023 to an estimated US$258.9 billion by the end of 2030. This report provides an in-depth analysis of the key drivers, challenges, trends, and opportunities shaping the future of the chocolate confectionery market.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐๐๐ - https://www.persistencemarketresearch.com/samples/33694
(Use Corporate Mail Id for Quick Response )
Key Growth Determinants
Rising Demand for Premium Products: Increasing consumer preference for high-quality and premium chocolate varieties is a key factor driving the growth of the market. Chocolates with unique ingredients, organic certifications, and sustainable sourcing are in high demand, especially in developed economies.
Health-Conscious Trends: With the growing awareness around health and wellness, the chocolate confectionery industry is witnessing a shift towards healthier alternatives. Dark chocolate, sugar-free, and low-calorie products are gaining popularity, attracting health-conscious consumers.
Innovation and Product Diversification: Companies are focusing on innovation and diversifying their product offerings by introducing new flavors, textures, and packaging. Limited-edition offerings, seasonal products, and collaborations with renowned brands are contributing to the overall market growth.
Growing E-commerce Platforms: The rise of e-commerce platforms has significantly expanded the reach of chocolate confectionery brands. Online platforms provide consumers with easy access to a wide variety of products, leading to higher sales volumes and increased market penetration.
Major Growth Barriers
Price Volatility of Raw Materials: The price fluctuations of key ingredients such as cocoa, sugar, and milk can impact production costs and profit margins. This volatility poses a challenge for manufacturers and may lead to higher prices for end consumers.
Increasing Competition: The chocolate confectionery market is highly competitive, with numerous local and international players. The presence of both established brands and new entrants intensifies price competition, making it challenging for companies to maintain market share.
Environmental Impact and Sustainability Concerns: As consumer consciousness about environmental issues rises, there is growing pressure on chocolate manufacturers to adopt sustainable sourcing practices and reduce the environmental impact of their operations. Failure to do so can lead to reputational risks and consumer backlash.
Key Trends and Opportunities
Sustainability and Ethical Sourcing: Sustainability is a significant trend within the chocolate confectionery market. Brands are increasingly focusing on ethical sourcing practices, including fair trade cocoa, environmentally friendly packaging, and supporting cocoa farmers. These efforts appeal to conscious consumers and contribute to long-term brand loyalty.
Growth in Emerging Markets: The chocolate confectionery market is experiencing robust growth in emerging markets such as Asia-Pacific and Latin America. Rising disposable incomes, changing consumer preferences, and increasing urbanization are fueling the demand for chocolate products in these regions.
Increased Focus on Vegan and Plant-Based Products: The demand for vegan and plant-based chocolate confectionery products is rising due to shifting consumer preferences towards plant-based diets. Manufacturers are developing dairy-free chocolates, catering to the growing number of vegan and lactose-intolerant consumers.
Regional Frontrunners
North America: North America remains a dominant player in the global chocolate confectionery market. The region is driven by high per capita chocolate consumption and an established retail distribution network. The U.S. is the leading market in this region, with a growing demand for premium and artisanal chocolate products.
Europe: Europe is another key market for chocolate confectionery, with countries like Switzerland, Belgium, and Germany known for their rich chocolate heritage. The region is seeing an increasing demand for dark chocolate and sustainable products, with consumers becoming more health-conscious and ethically minded.
Asia-Pacific: The Asia-Pacific region is experiencing rapid growth in chocolate confectionery consumption. China and India are expected to be major contributors to this growth due to expanding middle-class populations, rising disposable incomes, and changing consumer preferences for Western-style confectioneries.
Key Market Players
Several key players dominate the global chocolate confectionery market, focusing on product innovation, strategic mergers, and acquisitions to expand their market share.
Some of the prominent companies include:
Mars, Incorporated
The Hershey Company
Nestlรฉ S.A.
Ferrero Group
Mondelez International, Inc.
Lindt & Sprรผngli AG
Meiji Holdings Co., Ltd.
These companies are continuously working towards expanding their product portfolios, introducing new flavors, and improving packaging to cater to evolving consumer preferences.
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 global chocolate confectionery market is on a robust growth trajectory, driven by innovation, premium product offerings, and the rising demand for healthier alternatives. However, the industry faces challenges such as raw material price volatility and increasing competition. Companies that can adapt to changing consumer preferences, invest in sustainability, and capitalize on emerging markets are well-positioned for success. The forecasted market value increase from US$156.1 billion in 2023 to US$258.9 billion by 2030 highlights the promising opportunities for growth and expansion in the coming years.
More Reports by Persistence Market Research
Vanilla Bean Market - www.persistencemarketresearch.coam/market-research/vanilla-bean-market.asp
Stevia Market - www.persistencemarketresearch.com/market-research/stevia-market.asp
U.S. High-intensity Sweeteners Market - www.persistencemarketresearch.com/market-research/us-high-intensity-sweeteners-market.asp
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 Will Expand to USD 258.9 Bn by 2030 - Persistence Market Research here
News-ID: 3827322 • Views: โฆ
More Releases from Persistence Market Research
Packaging Machinery Market to Surpass US$ 82.3 Bn by 2030 with Steady 4.7% CAGR โฆ
โคOverview of the Market
According to the latest analysis by Persistence Market Research, the global packaging machinery market is projected to grow from US$ 59,737.4 million in 2023 to US$ 82,389.7 million by 2030, registering a CAGR of 4.7% during the forecast period. Rising consumer demand for packaged goods, automation, and technological upgrades in manufacturing are among the key forces transforming the industry landscape.
The packaging machinery market plays a vital roleโฆ
Packaging Tensioner Market Set to Reach US$ 13.3 Bn by 2030 with 3.8% CAGR - Per โฆ
โค Overview of the Market
According to Persistence Market Research, the global packaging tensioner market is projected to rise from US$ 10,237.5 million in 2023 to US$ 13,291.5 million by 2030, expanding at a CAGR of 3.8%. Packaging tensioners, essential for securing strapping around pallets, cartons, and bundled goods, are increasingly adopted across industries to ensure safe and efficient handling during transport. Growth is primarily driven by automation trends in packaging,โฆ
Beverage Packaging Market to Surpass US$ 138.9 Bn by 2031 Driven by Sustainabili โฆ
โคOverview of the Market
According to the latest study by Persistence Market Research, the global beverage packaging market is projected to grow at a CAGR of 4.1% from US$ 1,04,820.0 million in 2024 to US$ 1,38,867.1 million by 2031. Rising consumer preference for sustainable packaging, growing consumption of ready-to-drink products, and ongoing innovation in material science are major factors boosting the industry worldwide.
The beverage packaging industry plays a vital role inโฆ
Actuators Device Market to Reach US$ 102.8 Bn by 2031 Fueled by 7% CAGR and Auto โฆ
โค Overview of the Market
The global actuators device market is poised for robust growth, projected to rise from US$ 67.7 Bn in 2024 to US$ 102.8 Bn by 2031 at a CAGR of 7%, according to Persistence Market Research. Rapid automation across industries, growing investment in industrial robotics, and expanding applications in aerospace, automotive, and medical devices are key catalysts for market acceleration.
The actuators device market encompasses mechanical systems thatโฆ
More Releases for Chocolate
Bean-to-bar Chocolate Market Players Gaining Attractive Investments: Dandelion C โฆ
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 wellโฆ
Bean-to-bar Chocolate Market Outlook 2031 Findings By Key Players-Taza Chocolate โฆ
๐๐๐, ๐๐๐ฐ ๐๐๐ซ๐ฌ๐๐ฒ- According to ๐๐๐, 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 ๐๐๐ ๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐,ย growing at a ๐๐๐๐ ๐จ๐ ๐ซ๐จ๐ฎ๐ ๐ก๐ฅ๐ฒ ๐๐.๐% ๐๐ซ๐จ๐ฆ ๐๐๐๐ ๐ญ๐จ ๐๐๐๐.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 dueโฆ
Chocolate Ingredients Market by Type (Milk, Cocoa, Lecithin, Flavors, Others), C โฆ
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 formulatingโฆ
Sea Salt Chocolate Market Seeking Excellent Growth | GODIVA, Skellings Chocolate โฆ
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 areโฆ
Milk Chocolate Market ||Ezaki Glico, Kinder Chocolate, Blommer Chocolate, Godiva โฆ
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 Chocolateโฆ
Dark Chocolate Market By Type (70% Cocoa Dark Chocolate, 75% Cocoa Dark Chocolat โฆ
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 proneโฆ
