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June 2025
The global chocolate confectionery market size was valued at USD 133.58 billion in 2024 and is expected to grow steadily from USD 140.15 billion in 2025 to reach nearly USD 215.94 billion by 2034, with a CAGR of 4.92% during the forecast period from 2025 to 2034. The growing demand for premium chocolates by the worldwide population drives the growth of the market.
| Study Coverage | Details |
| Growth Rate from 2025 to 2034 | CAGR of 4.92% |
| Market Size in 2025 | USD 140.15 Billion |
| Market Size in 2026 | USD 147.05 Billion |
| Market Size by 2034 | USD 215.94 Billion |
| Largest Market | Europe |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
The chocolate confectionery market deals with chocolate-based delicacies that may incorporate combinations or layering of wafers, nougat, caramel, fruit, and nuts. Chocolate confections are present in various forms, brands, and shapes. Major factors for the growth of the market include packaging, processing, and innovation. There are various driving factors that fuel the global market such as the increasing consumer changing tastes and eating habits, increasing consumer awareness, increasing demand for natural and organic herbal fillings, growing vegan population, increasing demand for high-quality products such as textures and premium quality and increasing consumer preference towards craft and luxury chocolates.
Various benefits related to chocolate confectionery can be expected to drive the growth of the market. Chocolate confectionery contains antioxidants that can protect cells from damage and reduce inflammation. Eating chocolate can help to enhance heart health, which further reduces the risk of cardiovascular diseases, improves blood circulation, and increases blood pressure. In addition, emerging market growth, increasing consumer changing preferences, the rise of online retail and e-commerce platforms, and increasing demand for dark chocolates are further expected to fuel the growth of the market during the forecast period.
The increasing consumer preference towards innovation and product diversification is one of the significant opportunities in the global market. To diversify and innovate product offerings, chocolate manufacturers heavily invest in research and development. This involves the improvement of specialized chocolates for dietary needs, including vegan, dairy-free, and sugar-free options. In addition, to cater to health-aware customers, various brands are launching chocolates with functional ingredients such as superfoods, adaptogens, and probiotics. Sustainable practices, including using eco-friendly packaging and ethically sourced cocoa, are popular selling points for brands, which are expected to revolutionize the growth of the chocolate confectionery market in the coming years.
The increasing consumer preference towards ethical sourcing and sustainability is one of the major challenges hindering market growth. Companies need to ensure fair initiatives for farmers, work with local government or communities, and invest in supply chain management, which can create challenges in maintaining sustainability and ethical sourcing. To maintain environmental issues, including biodiversity and deforestation loss in cocoa production which needs investment and commitment in sustainable farming, which can further be expected to restrain the growth of the chocolate confectionery market.
How Europe Dominate the Market Revenue in 2024?
Europe dominated the chocolate confectionery market in 2024. The market growth in the region is attributed to the growing robust food and drinks industry, increasing consumer awareness towards environment and health, increasing demand for high-quality products, and increasing production of artisanal chocolates. Leading to European consumers’ appetite for sweet treats, Europe has a robust confectionery and chocolate manufacturing industry. Europe is a major consumer and producer of chocolate across the globe. Due to the novelty and variety available, nearly 1 in 4 consumers have increased their consumption of chocolate in Europe. There is a 6% and 18% growth in reduced sugar claims and no added sugar in chocolate confectionery in 2024. In Europe, seasonal-easter in the chocolate confectionery cluster launched in 2024. Lidl, Mondelez, Aldi, Nestlé, and Lindt & Sprüngli are the top companies in Europe.
Germany dominated the chocolate confectionery market in 2024. It is the largest exporter of sweets across the globe. Prominent examples are caramel candies, chocolate-covered marzipan, hollow Choco Santa, and gummi bear.
Asia Pacific Chocolate Confectionery Market Trends
Asia Pacific is expected to grow fastest during the forecast period. The market growth in the region is driven by the increasing presence of international market players, increasing number of new product launches, increasing awareness towards health and well-being, increasing disposable income, and growing young and millennial population. China, India, Japan, and South Korea are the fastest growing countries driving the market growth.
India is expected to grow fastest during the forecast period. The confectionery chocolate market growth in the country is driven by the increasing government policy and support, increasing changing consumer trends, expansion of the retail sector, increasing presence of gifting culture, and increasing rapid urbanization and disposable incomes. There are various major confectionery companies in India such as Nestle India, Mondelez, Parle Products, Perfetti Van Melle India, Ferrero, Mars Wrigley, Lotte, Amul, and more. Nestle offers popular products such as Munch and KitKat and holds 15% revenue in the global market.
Why did the Molded Bars Chocolate Confectionery Segment Dominate Chocolate Confectionery Market Revenue in 2024?
The molded bars chocolate confectionery segment dominated the market in 2024. The segment growth in the global market is attributed to the increasing product launches, increasing presence of market players, and increasing consumption of chocolate bars. Various people don't think the molecules within it are balanced when enjoying molded chocolate bars. Molded bar chocolates are a mixture of sugar, cocoa butter, and cocoa solids. In addition, molded bar chocolates offer the best way to add innovative touches to baking projects. It also helps bakers craft chocolates with specific designs, including names or logos, further improving the appeal of consumer creations, which is expected to drive segment growth.
The Chips and Bites Chocolate Confectionery Segment is Expected to Grow Fastest During the Forecast Period.
The segment growth in the global chocolate confectionery market is driven by the increasing numbers of restaurants and bakeries, increasing consumer preference towards making unique dishes and home cooking and increasing demand for bites and chips. In addition, the demand for premium products is increasing rapidly due to the increasing presence of small occasions and festivals, which further fuels segment growth.
How Does Milk Chocolate Confectionery Segment Dominate the Chocolate Confectionery Market Revenue in 2024?
The milk chocolate confectionery segment dominated the market in 2024. The segment growth in the market is fueled by the increasing demand for milk products, a growing young population, and increasing demand for milk chocolates. In addition, there are various health benefits related to milk chocolates, such as providing plenty of micronutrients containing antioxidants. In addition, milk chocolates help people to enhance their mood, as they contain endorphins, which further give them feelings of relaxation and pleasure.
The Dark Type Segment is Expected to Grow Fastest During the Forecast Period.
Dark chocolates are packed with nutrients. It helps with relaxation, nerve health, and muscle function. It helps protect cells from damage and reduces inflammation. In addition, various health related benefits such as the nutritious, rich source of antioxidants, reduced blood pressure and improved blood flow, protection LDL from oxidation, may reduce the risk of heart disease, protection skin from the sun, and improved brain function, further expected to accelerate the segment growth in the global market.
What Factors Help the Supermarket/Hypermarkets Segment to Grow in 2024?
The supermarkets and hypermarkets segment dominated the chocolate confectionery market in 2024. The segment growth in the market is attributed to the increasing presence of social interaction, rising personalized experiences, and increasing consumer trends toward offline stores. Without waiting for delivery, the hypermarkets or supermarket segment offers instant satisfaction of buying a product, which accelerates consumer satisfaction. The segments also help consumers buy all of their products such as chocolates under one roof and offer a wide range of products, which further drives the demand for supermarkets and hypermarkets in the global market.
The Online Distribution Channel Segment is Expected to Grow Fastest During the Forecast Period.
The segment growth in the market is driven by the increasing busy and modern lifestyles, the increasing presence of small occasions and festivals, the growing e-commerce platform, and increasing consumer trends towards online shopping. To enhance the online shopping experience, online platforms help consumers avoid chaos and crowds. In addition, various brands offer fewer entry barriers, as they have been penetrating via online platforms across the globe, which further accelerates the demand for online platforms.
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