Chocolate Confectionery Market

Chocolate Confectionery Market Outlook

According to the report by Expert Market Research (EMR), the global chocolate confectionery market price, is projected to grow at a CAGR of 2.9% between 2023 and 2028. Aided by the rising demand for high-quality products among consumers and rising trend of organic chocolates, the market is expected to grow significantly by 2028.

Chocolate confectionery involves the creation of sweet treats, such as chocolate bars, truffles, filled chocolates, and pralines, that rely heavily on cocoa and sugar. In addition to being a delicious treat, chocolate confectionery has a number of health advantages, such as stress reduction, mood enhancement, and antioxidant content. Beyond its taste appeal, chocolate confectionery has a variety of textural qualities that make it a crucial component in a variety of culinary applications, such as bakery, dairy, and beverages.

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The escalating consumer preference for quality, indulgent food products is propelling the global chocolate confectionery market growth. There has been a noticeable shift towards chocolate-based indulgences as a result of growing understanding of the pleasure and therapeutic benefits associated with chocolate consumption. This has led to an increase in demand for chocolate confectionery items. Additionally, as chocolate is a crucial element in culinary innovation and gourmet dining, the emerging trend of food exploration and experimentation has further contributed to the rising popularity of chocolate confectionery.

The expanding applications of chocolate confectionery across various industries also significantly bolster the chocolate confectionery market expansion. Chocolate is often used in the bakery sector to improve the flavour and texture of cakes, biscuits, and pastries. Chocolate is a common ingredient in dairy products like ice cream, milkshakes, and yoghurt. Furthermore, the beverage industry utilises chocolate confectionery to create premium, gourmet drinks, invigorating the chocolate confectionery market development.

Moreover, the rising demand for plant-based and health-oriented alternatives in the food and beverage sector has amplified the focus on chocolate confectionery as a vital ingredient. With the advent of health-conscious consumption and the escalating popularity of plant-based diets, chocolate, particularly dark chocolate, has emerged as a key player in the formulation of healthful, dairy-free, and vegan-friendly products, further driving the chocolate confectionery market growth.

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Chocolate Confectionery Market Segmentation

The market can be divided based on type, product, and region.

Market Breakup by Type

  • Dark Chocolate
  • Milk Chocolate
  • White Chocolate

Market Breakup by Product

  • Boxed
  • Countlines
  • Moulded Bars
  • Seasonal Chocolates
  • Straightlines
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global chocolate confectionery companies. Some of the major key players explored in the report by Expert Market Research are as follows:

  • Barry Callebaut
  • Nestlé S.A
  • Ferrero International
  • Mondelez Global LLC
  • Meiji Holdings Co., Ltd.
  • Others

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