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Chocolate Flavored Candy Market By Product Type (White Chocolate, Milk Chocolate, Dark Chocolate), Distribution Channel (Convenience Stores, Coffeehouses, Restaurants, Personal Use, Supermarkets/Hypermarkets, Others) And By Geography, Global Industry Analysis and Forecast from 2022 to 2027.

Published: January, 2022
ID: 5747
Pages: 175

Chocolate Flavoured Candy Market Value and Growth Analysis:

The chocolate flavored candy market was worth USD 79 Billion during the year 2022 and is estimated to grow at a CAGR over 3% during the forecast period and chocolate-flavoured candy plays a major role in this market and its development.

Chocolate Flavoured Candy Market Overview:

Candy is the sugar confectionery food that consists of any sweet confection that encompasses in any form like chocolate, chewing gum, and sugar candy. It has sugar as a primary ingredient with fruits and vegetables are glazed and coated with sugar. Candies can be eaten normally, served in a dessert course at the end of a meal or as a snack between meals depending on each culture. Candies are made in smaller pieces, unlike a cake or bread that includes hard candies, soft candies, marshmallows, caramels, taffy, and other candies. Candies can be eaten normally, or as a snack between the meals or served in dessert at the end of the meal depending upon the culture. Candies are made in smaller pieces, unlike cakes which include hard candies, soft candies, taffy, marshmallows, etc. Hot chocolate and other cocoa-based candies are made from white chocolate which became most popular in the western diet and has a large number of sales in all the flavors, chocolate became one of the most popular flavors in the world and a vast number of confectionary food involving chocolate have been created, particularly sweets including candies, cakes, pudding, mousse, chocolate brownies, and chocolate chip cookies. Chocolate candies are sometimes treated as a special branch of confectionary food that includes chocolate candy bars and chocolate truffles. 

Recent Developments in the Chocolate Flavoured Candy Industry:

In the year 2019, Barry Callebaut established its new local chocolate manufacturing facility in India owing to steadily increasing chocolate consumption in India and they are planning to start this unit operations by mid-2020.

Chocolate Flavoured Candy Market Drivers:

The prime facets which influence the growth of the global Chocolate flavored candy market are growing urbanization and incessantly increased expenditure capacity of customers.

Factors like an increase in demand for confectionery food, people's attention owing to great taste, an increase in popularity for dark chocolate, longer shelf-life, rise in disposable income, changing lifestyles, innovations in the chocolate industry, rise in population are the key factors which are driving the market of Chocolate flavored candy. Also, chocolates are gaining popularity as gifts and the rising demand for candies, especially during the festive season is a major factor fueling the growth of the global Chocolate flavored candy market, Certain types of candies can add valuable protein, minerals which can aid in the building of the body and general well-being. Besides, some research proved that consuming dark chocolate in limited amounts can be good for the heart, and this acted as the key factor in increasing the market of dark chocolate. Economic studies have stated that lipstick sales tend to rise during recessions, as the relatively inexpensive purchase goes a long way to cheer up women. Eating a bar of chocolate is likely to offer a similar effect, saving dollars and offering a taste.

Chocolate Flavoured Candy Market Restraints:

However, the high sugar content in chocolate-flavored candies, are directly associated with diseases like obesity and diabetes. Also, excessive consumption of chocolate-flavored candies can result in dental problems. Additionally, increasing health consciousness among the global population is expected to lower the demand for chocolate-flavored candies, which in turn is expected to hamper the growth of the global chocolate-flavored candy market over the forecast period. Factors like demand for the confectionary food, gaining people's attention with rich taste, increase in the demand for the dark chocolate flavor, longer shelf-life compared to other food, rise in disposable income, changing lifestyles, growing urbanization, product innovations in the confectionary food and rise in population are driving the Global Chocolate Flavoured Candy Market. However, factors like low nutrition content and the rising prevalence of obesity and diabetes are hampering the growth of the market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 - 2026

Base Year

2021

Forecast Period

2022 - 2027

CAGR

3%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Hershey's, Nestle, Mars, Tootsie Roll, Florestal Foods, Colombina S.A., Tora Foods, LLC, Carmit Candy Industries, Natural Food Works Group, August Storck KG

Chocolate Flavoured Candy Market Segmentation:

Market Segmentation:

By type, the chocolate-flavored candy market is mainly divided into three parts namely

  • milk chocolate

  • White chocolate

  • Dark chocolate

and among these milk chocolate is most commonly available in the market and holds the major share in the overall market. White Chocolate because of its unique taste is also increasing its share in the market as some kids and young people prefer White chocolate over milk chocolate and white chocolate is also used in preparing desserts. Dark chocolate on the other side is preferred by fewer people because of the presence of excess cocoa which adds some bitterness to it, but its gaining importance because of backing by some studies stating that consuming dark chocolate in limited quantities can be good for cardiac health.

By Distribution Channel, the Chocolate flavored candy is mainly divided into

  • Supermarkets/ Hypermarkets

  • Online Retail

  • Convenience stores

  • Coffee houses

  • Personal Use

Among these, the Supermarkets segment was dominant, which accounted for half of the share in the chocolate flavored candy market, and is expected to retain the dominance throughout the forecast period, supermarkets are most preferred for purchasing candies. Owing to the presence of a large number of chained hypermarkets in developed countries and growing penetration of these in the developing countries has led to its higher share in the chocolate flavored candy market. Due to the busy lifestyles of consumers and the rise in the percent of people getting used to a convenient lifestyle, they are engaged in purchasing candies through online retails, which is likely to lead to the high growth rate of this segment during the outlook period.

Chocolate Flavoured Candy Market Regional Analysis:

The market has also been geographically segmented into

  • North America

  • Europe

  • Asia-Pacific

  • Latin America

  • Middle-East & Africa.

In 2018, North America is projected to have the largest share in terms of revenue owing to the high demand for confectionary food and high investments in the food industry by government organizations and private companies. However, the Asia-Pacific region is anticipated to have the fastest growth rate with a high CAGR due to the high demand for food owing to the rise in population, product innovations, growing demographics, and emerging economies like China and India.

Chocolate Flavoured Candy Market Key players:

  1. Hershey's

  2. Nestle

  3. Mars

  4. Tootsie Roll

  5. Florestal Foods

  6. Colombina S.A.

  7. Tora Foods, LLC

  8. Carmit Candy Industries

  9. Natural Food Works Group

  10. August Storck KG

  11. Lowell International Polska 

Impact of COVID-19 on Chocolate Flavored Candy Market:

COVID-19 mainly affects this market in three ways firstly by directly affecting the production and demand. Secondly, by disrupting the supply chain and market, and thirdly by the financial impact on firms and market. Rise in health consciousness among people is also expected to hurt the growth of this business.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Chocolate Flavored Candy Market, By Product Type                

                                6.1.1 White Chocolate   

                                6.1.2 Milk Chocolate      

                                6.1.3 Dark Chocolate      

                                6.1.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 Chocolate Flavored Candy Market, By Distribution Channel                  

                                6.2.1 Convenience Stores            

                                6.2.2 Coffeehouses        

                                6.2.3 Restaurants            

                                6.2.4 Personal Use          

                                6.2.5 Supermarkets/Hypermarkets         

                                6.2.6 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.7 Y-o-Y Growth Rate Analysis             

                                6.2.8 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Product Type   

                                7.2.3 By Distribution Channel     

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Product Type   

                                7.3.3 By Distribution Channel     

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Product Type   

                                7.4.3 By Distribution Channel     

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Product Type   

                                7.5.3 By Distribution Channel     

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Product Type   

                                7.6.3 By Distribution Channel     

8. Key Player Analysis                                    

                8.1 Hershey's                    

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Nestle                           

                8.3 Mars                              

                8.4 Tootsie Roll                 

                8.5 Florestal Foods                         

                8.6 Colombina S.A.                         

                8.7 Tora Foods, LLC                         

                8.8 Carmit Candy Industries                        

                8.9 Natural Food Works Group                  

                8.10 August Storck KG                   

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Chocolate Flavored Candy Market By Region, From 2022 - 2027 ( USD Billion )

  2. Global Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  3. Global White Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  4. Global Milk Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  5. Global Dark Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  6. Global Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  7. Global Convenience Stores Market By Region, From 2022 - 2027 ( USD Billion )

  8. Global Coffeehouses Market By Region, From 2022 - 2027 ( USD Billion )

  9. Global Restaurants Market By Region, From 2022 - 2027 ( USD Billion )

  10. Global Personal Use Market By Region, From 2022 - 2027 ( USD Billion )

  11. Global Supermarkets/Hypermarkets Market By Region, From 2022 - 2027 ( USD Billion )

  12. North America Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  13. North America White Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  14. North America Milk Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  15. North America Dark Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  16. North America Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  17. North America Convenience Stores Market By Region, From 2022 - 2027 ( USD Billion )

  18. North America Coffeehouses Market By Region, From 2022 - 2027 ( USD Billion )

  19. North America Restaurants Market By Region, From 2022 - 2027 ( USD Billion )

  20. North America Personal Use Market By Region, From 2022 - 2027 ( USD Billion )

  21. North America Supermarkets/Hypermarkets Market By Region, From 2022 - 2027 ( USD Billion )

  22. United States Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  23. United States Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  24. Canada Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  25. Canada Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  26. Europe Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  27. Europe White Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  28. Europe Milk Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  29. Europe Dark Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  30. Europe Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  31. Europe Convenience Stores Market By Region, From 2022 - 2027 ( USD Billion )

  32. Europe Coffeehouses Market By Region, From 2022 - 2027 ( USD Billion )

  33. Europe Restaurants Market By Region, From 2022 - 2027 ( USD Billion )

  34. Europe Personal Use Market By Region, From 2022 - 2027 ( USD Billion )

  35. Europe Supermarkets/Hypermarkets Market By Region, From 2022 - 2027 ( USD Billion )

  36. U.K. Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  37. U.K. Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  38. Germany Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  39. Germany Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  40. France Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  41. France Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  42. Italy Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  43. Italy Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  44. Spain Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  45. Spain Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  46. Asia Pacific Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  47. Asia Pacific White Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  48. Asia Pacific Milk Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  49. Asia Pacific Dark Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  50. Asia Pacific Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  51. Asia Pacific Convenience Stores Market By Region, From 2022 - 2027 ( USD Billion )

  52. Asia Pacific Coffeehouses Market By Region, From 2022 - 2027 ( USD Billion )

  53. Asia Pacific Restaurants Market By Region, From 2022 - 2027 ( USD Billion )

  54. Asia Pacific Personal Use Market By Region, From 2022 - 2027 ( USD Billion )

  55. Asia Pacific Supermarkets/Hypermarkets Market By Region, From 2022 - 2027 ( USD Billion )

  56. Japan Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  57. Japan Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  58. China Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  59. China Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  60. India Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  61. India Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  62. Australia Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  63. Australia Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  64. South Korea Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  65. South Korea Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  66. Latin America Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  67. Latin America White Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  68. Latin America Milk Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  69. Latin America Dark Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  70. Latin America Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  71. Latin America Convenience Stores Market By Region, From 2022 - 2027 ( USD Billion )

  72. Latin America Coffeehouses Market By Region, From 2022 - 2027 ( USD Billion )

  73. Latin America Restaurants Market By Region, From 2022 - 2027 ( USD Billion )

  74. Latin America Personal Use Market By Region, From 2022 - 2027 ( USD Billion )

  75. Latin America Supermarkets/Hypermarkets Market By Region, From 2022 - 2027 ( USD Billion )

  76. Brazil Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  77. Brazil Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  78. Argentina Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  79. Argentina Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  80. Mexico Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  81. Mexico Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  82. Rest of Latin America Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  83. Rest of Latin America Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  84. Middle East and Africa Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  85. Middle East and Africa White Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  86. Middle East and Africa Milk Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  87. Middle East and Africa Dark Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  88. Middle East and Africa Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  89. Middle East and Africa Convenience Stores Market By Region, From 2022 - 2027 ( USD Billion )

  90. Middle East and Africa Coffeehouses Market By Region, From 2022 - 2027 ( USD Billion )

  91. Middle East and Africa Restaurants Market By Region, From 2022 - 2027 ( USD Billion )

  92. Middle East and Africa Personal Use Market By Region, From 2022 - 2027 ( USD Billion )

  93. Middle East and Africa Supermarkets/Hypermarkets Market By Region, From 2022 - 2027 ( USD Billion )

  94. Middle East Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  95. Middle East Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

  96. Africa Chocolate Flavored Candy Market By Product Type, From 2022 - 2027 ( USD Billion )

  97. Africa Chocolate Flavored Candy Market By Distribution Channel, From 2022 - 2027 ( USD Billion )

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