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Global Chocolate Retail Market (2023 Edition) - Analysis By Product Type (Dark, Milk, White, Ruby), Form (Bars, Liquid, Powder), Distribution Channel, By region, By country: Market Size, Insights, Competition, Covid-19 Impact and Forecast (2023-2028)

Executive Summary

Azoth Analytics has released a research report named "Global Chocolate Retail Market (2023 Edition)" which provides a complete analysis of the global Chocolate Retail industry in terms of market segmentation by product type (dark chocolate, milk chocolate, white chocolate, ruby chocolate), form (bars, liquid, powder), distribution channel (supermarkets, hypermarkets, convenience stores, others), by region and by country.

The research study also looks at the market growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market evolution. During the forecast period, 2023-2028, the Global Chocolate Retail Market is expected to expand at a CAGR of 5.9%. Increasing disposable income, change in eating preferences and the developing trend of gifting chocolates on festivals and occasions are driving the global chocolate retail market.

The Global Chocolate Retail Market is expected to generate USD 176.20 billion by the end of 2028, up from USD 111.23 billion in 2021. As per European Union estimates, the world's average chocolate consumption amounts to an estimated 0.9 kg per capita per year. Chocolate retail has grown to be a multibillion-dollar industry, backed by rising per capita consumption of chocolate and chocolate products among all age groups.

Chocolate is a vibrant and inventive market, with over 5,000 new products released in retail globally in 2021 alone. The majority of chocolate is sold via supermarkets and other grocery shops. Convenience stores are very easy to approach as they are located nearby residential and commercial areas and generally offer affordable chocolates. The growing number of consumers interested in upcoming trends like organic chocolate and chocolates with no added sugar are supporting such trials, boosting the chocolate retail market.

The research is global in nature and covers a detailed analysis of the market in America (U.S., Canada, Brazil, Rest of the Americas), Europe (Germany, U.K, France, Switzerland, Rest of Europe), Asia-Pacific (China, Japan, Australia, Rest of Asia-Pacific), and the Middle East and Africa. Additionally, the research report displays data including market size, yearly growth & potential analysis, the competitive study of market players, investment opportunities, demand for future forecast, and so on.

Moreover, chocolate confectionery is a consolidated market dominated by a handful of global companies such as Nestle, Lindt, Hershey, with profitable oligopolies in different regions. Customer experience represents every touchpoint with a brand, including accessing them via physical stores, customer support, and direct product interaction.

Chocolate companies are now seeing some consumer behavior change, preferring candy bars. Chocolate candy category innovation is booming, offering convenience store retailers an opportunity to grow chocolate sales by stocking limited-time offers alongside tried-and-true customer favourites. Chocolate's antioxidant content, blood pressure-lowering capabilities, and ostensibly anti-ageing benefits are all driving consumer acceptance of dark chocolates.

Europe accounts for almost half of the chocolate market. In the UK, France, Germany, Switzerland, Belgium, the Netherlands, and Italy, the "dark chocolate revolution" has been gaining traction. In addition to driving the market for dark chocolate in Europe, the rising number of new vendors entering the market for dark chocolate and the rising number of innovative products containing dark chocolate will also boost the region's overall chocolate market. Moreover, China and India hold great potential in chocolate retail as the countries are among the fastest growing in coming years backed by changing food safety regulations and surging demand for affordable and premium chocolates. Chocolate maker Mars is planning to expand its product portfolio and footprint across 6000 cities in India. For instance, An India-only variant, Snickers Berry Whip, a strawberry-flavored bar, has just been launched.

This study also provides the competitive landscape of the industry and profiles some of the leading players in the Global Chocolate Retail Market like Mondelez International, Inc., Hershey Company, Ferrero International S.A., Mars Incorporated, Nestle S.A., Chocoladefabriken Lindt & Sprüngli AG, Meiji Holdings Co., Ezaki Glico Co. Ltd., Orion Corporation, Yildiz Holding. The company profiling includes critical information such as a business overview, products and services, key financials, and recent events and developments. Overall, the report provides a detailed overview of the Global Chocolate Retail Market, which will assist industry consultants, manufacturers, existing players looking for expansion opportunities, new players looking for opportunities, and other stakeholders in aligning their market-centric strategies with current and expected future trends.



Scope of the Report

• The report presents the analysis Global Chocolate Retail Market for the historical period of 2018-2021, the estimated year 2022 and the forecast period of 2023-2028.

• The report analyses the of Global Chocolate Retail Market by Product Type (dark chocolate, milk chocolate, white chocolate, ruby chocolate).

• The report analyses the Global Chocolate Retail Market by Form (bars, liquid, powder).

• The report analyses the Global Chocolate Retail Market by Distribution Channel (supermarkets, hypermarkets, convenience stores, others).

• The Global Chocolate Retail Market has been analyzed by region and countries including in Americas (U.S., Canada, Brazil, Rest of Americas), Europe (Germany, U.K, France, Switzerland, Rest of Europe), Asia-Pacific (China, Japan, Australia, Rest of Asia-Pacific), and Middle East and Africa.

• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis.

• Also, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.

• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analyzed in the report include Mondelez International, Inc., Hershey Company, Ferrero International S.A., Mars Incorporated, Nestle S.A., Chocoladefabriken Lindt & Sprüngli AG, Meiji Holdings Co., Ezaki Glico Co. Ltd., Orion Corporation, Yildiz Holding.



Key Target Audience

• Chocolate Producers and Retailers

• Consulting and Advisory Firms

• Government and Regulatory Authorities

1. Market Background

1.1 Scope and Product Outlook

1.2 Executive Summary

1.3 Research Methodology

2. Strategic Recommendations

3. Global Chocolate Retail Market: Historic and Forecast (2018-2028)

3.1 Impact Analysis of Macro Economic Factors on Chocolate Retail

3.2 Chocolate Consumption Per Capita (kg), by Countries, 2021

3.3 Confectionery Retailer Market Share, By Region, 2021

3.4 Global Chocolate Retail: Dashboard

3.5 Global Chocolate Retail: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

3.6 Impact of COVID-19 on Chocolate Retail

3.7 Global Chocolate Retail Segmentation: By Product Type

3.7.1 Global Chocolate Retail, By Product Type Overview

3.7.2 Global Chocolate Retail Size, By Dark Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

3.7.3 Global Chocolate Retail Size, By Milk Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

3.7.4 Global Chocolate Retail Size, By White Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

3.7.4 Global Chocolate Retail Size, By Ruby Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

3.8 Global Chocolate Retail Segmentation: By Form

3.8.1 Global Chocolate Retail, By Form Overview

3.8.2 Global Chocolate Retail Size, By Bars, By Value, 2018H-2028F (USD Million & CAGR)

3.8.3 Global Chocolate Retail Size, By Liquid, By Value, 2018H-2028F (USD Million & CAGR)

3.8.4 Global Chocolate Retail Size, By Powder, By Value, 2018H-2028F (USD Million & CAGR)

3.9 Global Chocolate Retail Segmentation: By Distribution Channel

3.9.1 Global Chocolate Retail, By Distribution Channel Overview

3.9.2 Global Chocolate Retail Size, By Supermarket, By Value, 2018H-2028F (USD Million & CAGR)

3.9.3 Global Chocolate Retail Size, By Hypermarket, By Value, 2018H-2028F (USD Million & CAGR)

3.9.4 Global Chocolate Retail Size, By Convenience Stores, By Value, 2018H-2028F (USD Million & CAGR)

3.9.5 Global Chocolate Retail Size, By Other, By Value, 2018H-2028F (USD Million & CAGR)

4. Global Chocolate Retail, Regional Analysis

4.1 Regional Coverage of the Study

4.2 Regional Snapshot

5. Americas Chocolate Retail Market: Historic and Forecast (2018-2028)

5.1 Americas Chocolate Retail Market: Snapshot

5.2 Americas Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

5.3 Americas Chocolate Retail Market: Key Factors

5.4 Americas Chocolate Retail Market Segmentation: By Product Type

5.4.1 Americas Chocolate Retail Market, By Product Type Overview

5.4.2 Americas Chocolate Retail Market Size, By Dark Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

5.4.3 Americas Chocolate Retail Market Size, By Milk Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

5.4.4 Americas Chocolate Retail Market Size, By White Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

5.4.4 Americas Chocolate Retail Market Size, By Ruby Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

5.5 Americas Chocolate Retail Market Segmentation: By Form

5.5.1 Americas Chocolate Retail Market, By Form Overview

5.5.2 Americas Chocolate Retail Market Size, By Bars, By Value, 2018H-2028F (USD Million & CAGR)

5.5.3 Americas Chocolate Retail Market Size, By Liquid, By Value, 2018H-2028F (USD Million & CAGR)

5.5.4 Americas Chocolate Retail Market Size, By Powder, By Value, 2018H-2028F (USD Million & CAGR)

5.6 Americas Chocolate Retail Market Segmentation: By Distribution Channel

5.6.1 Americas Chocolate Retail Market, By Distribution Channel Overview

5.6.2 Americas Chocolate Retail Market Size, By Supermarket, By Value, 2018H-2028F (USD Million & CAGR)

5.6.3 Americas Chocolate Retail Market Size, By Hypermarket, By Value, 2018H-2028F (USD Million & CAGR)

5.6.4 Americas Chocolate Retail Market Size, By Convenience Stores, By Value, 2018H-2028F (USD Million & CAGR)

5.6.5 Americas Chocolate Retail Market Size, By Other, By Value, 2018H-2028F (USD Million & CAGR)

5.7 Americas Chocolate Retail Market Segmentation: By Country

5.7.1 United States Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

5.7.1.1 United States Chocolate Retail Market, By Product Type

5.7.1.2 United States Chocolate Retail Market, By Form

5.7.1.3 United States Chocolate Retail Market, By Distribution Channel

5.7.2 Canada Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

5.7.2.1 Canada Chocolate Retail Market, By Product Type

5.7.2.2 Canada Chocolate Retail Market, By Form

5.7.2.3 Canada Chocolate Retail Market, By Distribution Channel

5.7.3 Brazil Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

5.7.3.1 Brazil Chocolate Retail Market, By Product Type

5.7.3.2 Brazil Chocolate Retail Market, By Form

5.7.3.3 Brazil Chocolate Retail Market, By Distribution Channel

5.7.3 Rest of Americas Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

5.7.3.1 Rest of Americas Chocolate Retail Market, By Product Type

5.7.3.2 Rest of Americas Chocolate Retail Market, By Form

5.7.3.3 Rest of Americas Chocolate Retail Market, By Distribution Channel

6. Europe Chocolate Retail Market: Historic and Forecast (2018-2028)

6.1 Europe Chocolate Retail Market: Snapshot

6.2 Europe Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

6.3 Europe Chocolate Retail Market: Key Factors

6.4 Europe Chocolate Retail Market Segmentation: By Product Type

6.4.1 Europe Chocolate Retail Market, By Product Type Overview

6.4.3 Europe Chocolate Retail Market Size, By Dark Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

6.4.3 Europe Chocolate Retail Market Size, By Milk Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

6.4.4 Europe Chocolate Retail Market Size, By White Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

6.4.4 Europe Chocolate Retail Market Size, By Ruby Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

6.5 Europe Chocolate Retail Market Segmentation: By Form

6.5.1 Europe Chocolate Retail Market, By Form Overview

6.5.2 Europe Chocolate Retail Market Size, By Bars, By Value, 2018H-2028F (USD Million & CAGR)

6.5.3 Europe Chocolate Retail Market Size, By Liquid, By Value, 2018H-2028F (USD Million & CAGR)

6.5.4 Europe Chocolate Retail Market Size, By Powder, By Value, 2018H-2028F (USD Million & CAGR)

6.6 Europe Chocolate Retail Market Segmentation: By Distribution Channel

6.6.1 Europe Chocolate Retail Market, By Distribution Channel Overview

6.6.2 Europe Chocolate Retail Market Size, By Supermarket, By Value, 2018H-2028F (USD Million & CAGR)

6.6.3 Europe Chocolate Retail Market Size, By Hypermarket, By Value, 2018H-2028F (USD Million & CAGR)

6.6.4 Europe Chocolate Retail Market Size, By Convenience Stores, By Value, 2018H-2028F (USD Million & CAGR)

6.6.5 Europe Chocolate Retail Market Size, By Other, By Value, 2018H-2028F (USD Million & CAGR)

6.7 Europe Chocolate Retail Market Segmentation: By Country

6.7.1 United Kingdom Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

6.7.1.1 United Kingdom Chocolate Retail Market, By Product Type

6.7.1.2 United Kingdom Chocolate Retail Market, By Form

6.7.1.3 United Kingdom Chocolate Retail Market, By Distribution Channel

6.7.2 Germany Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

6.7.2.1 Germany Chocolate Retail Market, By Product Type

6.7.2.2 Germany Chocolate Retail Market, By Form

6.7.2.3 Germany Chocolate Retail Market, By Distribution Channel

6.7.3 France Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

6.7.3.1 France Chocolate Retail Market, By Product Type

6.7.3.2 France Chocolate Retail Market, By Form

6.7.3.3 France Chocolate Retail Market, By Distribution Channel

6.7.4 Switzerland Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

6.7.4.1 Switzerland Chocolate Retail Market, By Product Type

6.7.4.2 Switzerland Chocolate Retail Market, By Form

6.7.4.3 Switzerland Chocolate Retail Market, By Distribution Channel

6.7.5 Rest of Europe Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

6.7.5.1 Rest of Europe Chocolate Retail Market, By Product Type

6.7.5.2 Rest of Europe Chocolate Retail Market, By Form

6.7.5.3 Rest of Europe Chocolate Retail Market, By Distribution Channel

7. Asia Pacific Chocolate Retail Market: Historic and Forecast (2018-2028)

7.1 Asia Pacific Chocolate Retail Market: Snapshot

7.2 Asia Pacific Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

7.3 Asia Pacific Chocolate Retail Market: Key Factors

7.4 Asia Pacific Chocolate Retail Market: By Product Type

7.4.1 Asia Pacific Chocolate Retail Market, By Product Type Overview

7.4.2 Asia Pacific Chocolate Retail Market Size, By Dark Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

7.4.3 Asia Pacific Chocolate Retail Market Size, By Milk Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

7.4.4 Asia Pacific Chocolate Retail Market Size, By White Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

7.4.5 Asia Pacific Chocolate Retail Market Size, By Ruby Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

7.5 Asia Pacific Chocolate Retail Market Segmentation: By Form

7.5.1 Asia Pacific Chocolate Retail Market, By Form Overview

7.5.2 Asia Pacific Chocolate Retail Market Size, By Bars, By Value, 2018H-2028F (USD Million & CAGR)

7.5.3 Asia Pacific Chocolate Retail Market Size, By Liquid, By Value, 2018H-2028F (USD Million & CAGR)

7.5.4 Asia Pacific Chocolate Retail Market Size, By Powder, By Value, 2018H-2028F (USD Million & CAGR)

7.6 Asia Pacific Chocolate Retail Market Segmentation: By Distribution Channel

7.6.1 Asia Pacific Chocolate Retail Market, By Distribution Channel Overview

7.6.2 Asia Pacific Chocolate Retail Market Size, By Supermarket, By Value, 2018H-2028F (USD Million & CAGR)

7.6.3 Asia Pacific Chocolate Retail Market Size, By Hypermarket, By Value, 2018H-2028F (USD Million & CAGR)

7.6.4 Asia Pacific Chocolate Retail Market Size, By Convenience Stores, By Value, 2018H-2028F (USD Million & CAGR)

7.6.5 Asia Pacific Chocolate Retail Market Size, By Other, By Value, 2018H-2028F (USD Million & CAGR)

7.7 Asia Pacific Chocolate Retail Market Segmentation: By Country

7.7.1 China Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

7.7.1.1 China Chocolate Retail Market, By Product Type

7.7.1.2 China Chocolate Retail Market, By Form

7.7.1.3 China Chocolate Retail Market, By Distribution Channel

7.7.2 Japan Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

7.7.2.1 Japan Chocolate Retail Market, By Product Type

7.7.2.2 Japan Chocolate Retail Market, By Form

7.7.2.3 Japan Chocolate Retail Market, By Distribution Channel

7.7.3 India Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

7.7.3.1 India Chocolate Retail Market, By Product Type

7.7.3.2 India Chocolate Retail Market, By Form

7.7.3.3 India Chocolate Retail Market, By Distribution Channel

7.7.4 Australia Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

7.7.4.1 Australia Chocolate Retail Market, By Product Type

7.7.4.2 Australia Chocolate Retail Market, By Form

7.7.4.3 Australia Chocolate Retail Market, By Distribution Channel

7.7.5 Rest of Asia Pacific Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

7.7.5.1 Rest of Asia Pacific Chocolate Retail Market, By Product Type

7.7.5.2 Rest of Asia Pacific Chocolate Retail Market, By Form

7.7.5.3 Rest of Asia Pacific Chocolate Retail Market, By Distribution Channel

8. Middle East & Africa Chocolate Retail Market: Historic and Forecast (2018-2028)

8.1 Middle East & Africa Chocolate Retail Market: Snapshot

8.2 Middle East & Africa Chocolate Retail Market: Market Size and CAGR, 2018-2028 (USD Million & CAGR)

8.3 Middle East & Africa Chocolate Retail Market: Key Factors

8.4 Middle East & Africa Chocolate Retail Market Segmentation: By Product Type

8.4.1 Middle East & Africa Chocolate Retail Market, By Product Type Overview

8.4.2 Middle East & Africa Chocolate Retail Market Size, By Dark Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

8.4.3 Middle East & Africa Chocolate Retail Market Size, By Milk Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

8.4.4 Middle East & Africa Chocolate Retail Market Size, By White Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

8.4.5 Middle East & Africa Chocolate Retail Market Size, By Ruby Chocolate, By Value, 2018H-2028F (USD Million & CAGR)

8.5 Middle-East & Africa Chocolate Retail Market Segmentation: By Form

8.5.1 Middle-East & Africa Chocolate Retail Market, By Form Overview

8.5.2 Middle-East & Africa Chocolate Retail Market Size, By Bars, By Value, 2018H-2028F (USD Million & CAGR)

8.5.3 Middle-East & Africa Chocolate Retail Market Size, By Liquid, By Value, 2018H-2028F (USD Million & CAGR)

8.5.4 Middle-East & Africa Chocolate Retail Market Size, By Powder, By Value, 2018H-2028F (USD Million & CAGR)

8.6 Middle-East & Africa Chocolate Retail Market Segmentation: By Distribution Channel

8.6.1 Middle-East & Africa Chocolate Retail Market, By Distribution Channel Overview

8.6.2 Middle-East & Africa Chocolate Retail Market Size, By Supermarket, By Value, 2018H-2028F (USD Million & CAGR)

8.6.3 Middle-East & Africa Chocolate Retail Market Size, By Hypermarket, By Value, 2018H-2028F (USD Million & CAGR)

8.6.4 Middle-East & Africa Chocolate Retail Market Size, By Convenience Stores, By Value, 2018H-2028F (USD Million & CAGR)

8.6.5 Middle-East & Africa Chocolate Retail Market Size, By Other, By Value, 2018H-2028F (USD Million & CAGR)

9. Market Dynamics

9.1 Impact Assessment of Market Dynamics on Global Chocolate Retail Market

9.2 Drivers

9.3 Restraints

9.4 Trends

10. Industry Ecosystem

10.1 Macro-Economic Factor Assessment

10.2 Value Chain Analysis

10.3 Porter's Five Forces Model

11. Competitive Positioning

11.1 Companies' Product Positioning

11.2 Market Position Matrix

11.3 Market Share Analysis of Chocolate Retail Market

11.4 Company Profiling

11.4.1 Mondelez International, Inc.

11.4.2 Hershey Company

11.4.3 Ferrero International S.A

11.4.4 Mars Incorporated

11.4.5 Nestle S.A.

11.4.6 Chocoladefabriken Lindt & Sprüngli AG

11.4.7 Meiji Holdings Co.

11.4.8 Ezaki Glico Co. Ltd.

11.4.9 Orion Corporation

11.10 Yildiz Holding

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This report incorporates the analysis of factors that augments the market growth. Report presents competitive landscape of the global market. This also provides the scope of different segments and applications that can potentially influence the market in the future. The analysis is based on current market trends and historic growth data. It includes detailed market segmentation, regional analysis, and competitive landscape of the industry.
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