The Global Chocolate Confectionery Market was valued at USD89.21 Billion in 2021. Among the key factors for a strong period of trading were an increasing global population, together with changing tastes and preferences in developing nations. Confectionery Industry The Power of Sweet. Per Capita Consumption of Chocolate Candy in the U.S., 2016-2026. 2 Lindt debuts new milk-free chocolate bar in US. the chocolate confectionery segment is the leading segment globally and shows immense growth in developing economies. Slight volume sales growth and near-flat value sales in 2020. Covid-19 has adversely obstructed the confectionery market, as consumers are opting for essential commodities like baked goods, instant food, snacks, convenience food and other packed products. During the 16th century, the Spanish brought cacao beans from Mexico to Europe. The confectionery industry is competitive and complex. 4- required high quality. Industry firms primarily manufacture confectionery, chocolate or cocoa products, with or without added sugar. Graphs (3 graphs): U.S. The industry has grown with an average annual rate of 6.5 to 7.5 % during 2002-2008. 3 Tony's Chocolonely picks up 'Stop Slavery Award'. The greatest growth was in premium products, which expanded 11%, and in dark chocolate products, which grew 8%. The Turkish confectionery sector has always been dynamic thanks to Turkey's young and growing population, and traditional habits of consumption. Licorice and novelty candy followed with 24% of dollar sales. Who are the main manufacturers of chocolate in the world? Market Overview. The increasing population combined with the changing taste and preferences affects the beverage industries in the. The chocolate market is projected to witness a CAGR of 4.5% during the forecast period (2021 - 2027). Segment performance in first half of 2021 mirrors that of 2020, but inflation is stronger. The increasing population combined with the changing taste and preferences affects the beverage industries in the. Confectionery is a big industry with high household penetration. Mondelez International Jobs . This market is primarily driven by evolving preferences for novel and innovative confectionery products. The Chocolate Confectionery Market report helps to identify the major regions such as Asia Pacific, North America, Europe, Middle East, Africa, and Latin America where new players and merchants can expand their business. Morinaga & Company Jobs . Meet some of the people behind the confectionery industry and the companies that make the chocolate, candy, gum and mints millions of people across the globe enjoy every day. 7 February 2022 | By Abi Sritharan (New Food) In news that is sure to sweeten the day of confectionery industry-leaders, research suggests that February 2022 could be a bumper month in terms of chocolate and sweet sales thanks to a certain romantic festival. Confectionery products are food items that are rich in sugar and carbohydrates. In the 1990's, the IOCCC published two codes of practice: one based on HACCP, and one for specific GMPs for the cocoa, chocolate and confectionery industry[34]. 1) Beyond orange. Meet our Member Companies Indian Chocolate Industry is estimated at US$ 400 million and growing at 18% per annum. 1) Beyond orange. - Market Research Report Chocolate & Confectionery Production in the UK industry trends (2016-2021) Chocolate & Confectionery Production in the UK industry outlook (2021-2026) poll Average industry growth 2021-2026: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. Press release - Worldwide Market Reports - Chocolate Confectionery Industry Growth, Competitive Analysis, Future Prospects 2018: Mars, Inc., Mondel?z International, Inc., The Hershey Company . The chocolate market was impacted by low sales volumes due to the COVID-19 pandemic, including supply-side issues linked to quality and certification. Ferrero Jobs . New rules governing the placement and promotion of HFSS foods are set to come into force in the UK in October 2022 with popular confectionery and chocolate brands in the firing line. ABOUT NCA. Chocolate confectionery had experienced a significant upturn in demand across the category in 2020 due to the home seclusion trend as a result of pandemic-induced lockdowns over the course of the year, and demand amongst local consumers for indulgent… USD 1,195 Add To Cart Country Report Chocolate Confectionery in Austria Jul 2021 Making chocolate, candy, gum and mints, the industry employs nearly 58,000 workers in more than 1,600 manufacturing facilities across all 50 states. Additionally, increasing number of working women is driving the global confectionery market as it is resulting in higher disposable income for the family . Global chocolate confectionery market is expected to reach at a rate of 3.63% in the forecast period of 2020 to 2027. To achieve growth, producers need to innovate and cater to constantly changing consumer desires for new shapes, flavors, tastes, and health requirements as well. The global chocolate confectionery market size was valued at USD 178.8 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030 . DUBLIN, May 10, 2022--(BUSINESS WIRE)--The "Global Chocolate Confectionery Market - Analysis By Product Type (Dark Chocolate, Milk Chocolate, White Chocolate), Distribution Channel, By Region, By . Volume promotions, such as buy-one-get-one-free and two-for-one . According to the National Confectioners Association, chocolate sales account for a whopping $21.1 billion of that candy industry - over 60%!! The average person eats around 200 bars of chocolate a year and we spend around £4billion on chocolate - a staggering 70% of the UK confectionery market. Industry market research reports, statistics, analysis, data, trends and forecasts. 72.0% 65.2% 56.9% 34.3% 34.3% . The increasing population combined with the changing taste and preferences affects the . The article reveals close estimates of sales turn over of major active players in the industry. 21 Billion in 2021. $ 545.00 (Excl.Tax) Chocolate Confectionery in India by Mintel Market Sizes provides you with annual year-end market size data, most recently updated in 2021. IBISWorld's statistic shows that as of 2022 the market size of the Chocolate & Confectionery Production industry is £3.7bn an increase of 6.11% from 2021. Global Confectionery Market is projected to grow at a CAGR of 3.45% during the forecast period (2022-2027). In fact, chewy confectionery represented over half of the sugar confectionery dollar sales in 2017. This market covers wrapped countlines, tablets, individually wrapped, non- individually wrapped, seasonal and other chocolate confectionery. Confectionery and Chocolate Industry - An overview: Despite Pakistan's confectionery and chocolate industry has enjoyed an emerging and growing trend in the recent past yet its size and growth pattern has been far inconsequential compared to other countries of Asia-pacific region. From 2012-2017, the candy industry saw average annual growth rates of 0.9%, reaching a total valuation of $143 billion. Here we have put together a selection of 10 key trends seen in the global chocolate confectionery industry, including innovations around flavor and form, as well as explorations into ways to extend sharing opportunities. India Brazil China Other 38.2% 10.5% 43.4% 7.8%. Despite Pakistan's confectionery and chocolate industry has enjoyed an emerging and growing trend in the recent past yet its size and growth pattern has been far inconsequential compared to other countries of Asia-pacific region. The industry has grown with an average annual rate of 6.5 to . An estimated 13,600 businesses are currently active within the global candy and chocolate manufacturing industry today. Countries. It is also a common choice of present when . That revenue of $21.1 billion in 2014 was a 2.9% increase over 2013. Chocolate eating patterns to shift again in second half of 2021. Larry Wilson |VP, Industry Affairs | NCA. Chewy candy alone grew 32% between 2012-2017. AVENTURA, Fla., March 14, 2022 /PRNewswire/ -- In 2021, chocolate and candy sales were up 11% over 2020, and up 15.4% over 2019 as consumers increasingly focused on seasonal celebrations, sharing . The global chocolate confectionery market size was valued at USD 114.33 billion in 2019 and is projected to reach USD 136.42 billion by 2027, exhibiting a CAGR of 2.3% during the forecast period. The average chocolate and confectionery import price stood at $3.8 per kg in 2018, increasing by 3.5% against the previous year. The leading global confectionery company is Mars Inc. with Hershey's owning 44.1% of the United States chocolate market share. The home seclusion trend resulted in gains for many areas of chocolate confectionery, where previously most of the category was losing growth momentum due to health and wellness trends. India's chocolate market has a positive outlook due to exceptional growth in the confectionery industry, rising per capita income and gifting culture in the country. Increasing preference for healthy food products is a major factor contributing to the growth of the market. With over US$18 billion in annual sales, it is the sixth largest privately-held company in America, and the largest . Source: ICCO Mars Wrigley Confectionery (USA) Leading the chart of the world's largest chocolate companies is the American confectioner Mars Inc owns some of the most famous sweets brands in the world, including M&Ms, Galaxy, Snickers, Skittles, and, of course, Mars bars. Discover all relevant statistics and facts on chocolate consumption and industry now on statista.com! Chocolate confectionery manufacturing companies . Since cocoa became the drink of choice for affluent gentlemen shortly after its arrival on our shores in the eighteenth century we have been passionate about this culinary treat. Introduction of the Global Confectionery Market Report. These firms are responsible for the direct employment of over 450,000 people. Increasing preference for healthy food products is a major factor contributing to the growth of the market. Cadbury has over 70 % share in this market, and recorded a . Confectionery and Chocolate industry of Pakistan in 2009 is an analysis of branded (domestically produced) confectionery and chocolate market of Pakistan. The confectionery industry in India is mostly divided into chocolates, hard boiled candies, eclairs & toffees, chewing & bubble gums, lollipops, and mints & lozenges.<br />. In general, the chocolate and confectionery import price continues to indicate a relatively flat trend pattern. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and . Mintel's market research reports provide a comprehensive overview of the chocolate confectionery industry, including information on the chocolate confectionery market size in your country, market share for leading companies and an overview of the latest trends, innovation and chocolate confectionery statistics. The "Global Chocolate Confectionery Market: 2020" Industry Report is a professional and in-depth study on the current state of the Chocolate Confectionery Market by WMR. Rising prices and slight decline in volume sales predicted for 2021-26. (212) 419-8294. It has awarded 2 contracts to 2 companies, with an average value of $29,283 per company. A distinction is made between natural chocolate, which contains only cacao products (cacao beans and cocoa butter) and . The increasing population combined with the changing taste and preferences affects the beverage industries in the . 13 October 2011 - The British love chocolate. $89.2 bn worldwide chocolate confectionery industry to 2027 Koa raises $10M to build Africa's largest cocoa fruit factory GoodPop launches Frozen Fudge n' Vanilla Squares Liquid botanical extracts market worth $5.25 Bn by 2029 . The companies are focusing more on altering . news. 2. Nestle Jobs . The international chocolate confectionery market has been put at a value of $ 89.21 Billion in 2021, according to latest analysis from ResearchAndMarkets.com. U.S. . Global Chocolate Confectionery industry guide provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2010-14, and forecast to 2019). However, the risks associated with confectionery products had been recognised by European Industry Organisations for chocolate, confectionery, biscuits. Classification of Confectionery Products in India. The following recent statistics provide a snapshot of the current . Candy Industry publishes an annual list of the top 100 global confectionery companies, ranking them by net sales. See where the Sugar and Confectionery Product Manufacturing industry is concentrated geographically and research companies by financials and key corporate data. The international chocolate confectionery market has been put at a value of $ 89.21 Billion in 2021, according to latest analysis from ResearchAndMarkets.com. The four chocolate confectionery trends leading the market 1. The second phase of the project — a renovation of Ghirardelli's Original Ice Cream and Chocolate Shop — is slated to begin in January 2023 and wrap up by May. 5-high fixes costs and storage. Start Your Free Trial. The Global Chocolate Confectionery Market was valued at USD89.21 Billion in 2021. Chocolate. a confectionery obtained by processing cacao beans with sugar and other food products. Japan and South . The 15 largest chocolate companies in the world (based on the most recent net sales data) are: MARS Jobs . Over the years, changes in consumers' preferences and lifestyle, eating habits, and their global exposure to international brands have given a boost to the chocolate industry. Distribution of Chocolate Candy Sales in the U.S., by Retail Channel, 2020, 2021, and 2026. The global organic chocolate confectionery market size was valued at USD 824.1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2028. The guide also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. The chocolate confectionery industry has been witnessing optimal growth in recent years and is likely to continue even in upcoming years. Chocolate confectionery experienced high growth in 2020, and as in most other snack categories, is set to record more subdued demand in 2021. However, some companies are the main contributors to growth in the candy (and more specifically, chocolate) industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Chocolate confectionery manufacturing companies . The growth of chocolate confectionery 's industry size can be attributed to rising investments in research & development activities, entry of new players, product innovation, technological breakthroughs . It also examines contemporary trends in the local confectionery and chocolate market, with an emphasis on providing some… 3- huge range of flavors. Chocolate Confectionery in Malaysia report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. 3. No wonder, the confectionery industry is one of the largest and well developed among the food processing sectors in the country. There were significant differences in the average import prices amongst the major supplying countries. Average Annual Household Expenditures on Chocolate Candy, by Detailed Demographic Characteristics, 2021 and 2026. The "Global Chocolate Confectionery Market - Analysis By Product Type (Dark Chocolate, Milk Chocolate, White. The National Confectioners Association is the leading trade organization for the U.S. confectionery industry, which generates more than $37 billion in retail sales each year. $36B. The confectionery industry is broken down into two categories of manufacturers and retail/distributors normally categorized under the candy industry. While confectionery as a whole proved to be "pandemic proof," not every individual category fared so well. Manufacturers are increasingly experimenting with other types of citrus in chocolate. Share this page. (IBIS World) Market Forecast +. Manufacturers are increasingly experimenting with other types of citrus in chocolate. Quantitative research methods are used to conduct this market research to provide accurate market data and problem-solving. Explore in-depth market analysis and consumer research to discover exactly what . On Demand Confectionery industry experts weigh in on the state of the candy industry, which has gone through the most massive shift in recent memory after grappling with COVID-19. (( HIGH)) Threat of substitute The threat of Confections refer to food items that are rich in sugar and carbohydrates. Chocolate Chewy Hard Gum Mints. Rivalry Chocolate industry porter 5 forces The industry's intensity of rivalry among competitors is high 1- Advertising battle 2- price wars. A pop-up store at the square in place during the renovation process has helped to limit disruption to the visitor experience and Ghirardelli's business operations. TOTAL CATEGORY. Our clients include multi-national, blue-chip companies such as Nestle, Ghirardelli, Mondelez and many others. Apparent Consumption of Chocolate Candy, 2016-2026. It is also evolving by the varied eating preferences for innovative chocolateproducts. Hershey Company Jobs . Skip to main content Try our corporate solution for free! The "Global Chocolate Confectionery Market - Analysis By Product Type (Dark Chocolate, Milk Chocolate, White Chocolate), Distribution 4 MEPs write to the European Commission to beef up Cocoa Talks with an Economic Pact across the value chain. Chocolate was long used as a beverage in Mexico. In 2020, the federal government spent a total of $58,566 on Chocolate Confectionery. According to the Association of Chinese Chocolate Manufacturers, China's per capita consumption is 70g every year. The table below is an extract from this list, giving the top ten global confectionery companies that manufacture some form of chocolate, by net confectionery sales value in 2020: The global Chocolate Confectionery Professional market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2026. The global organic chocolate confectionery market size was valued at USD 824.1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2028. (IBIS World) #17. In 2022, the market was growing at a steady.
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