About Chocolate Candy Bars
The chocolate candy bar is a bar-shaped confectionery food product. It contains various types of ingredients majorly nuts, caramel, and many others. Chocolate bar highly contains milk, cocoa. These are highly available across various online and offline platforms. And with the increase in the trend of fast food and packed sweet food, this driving the huge growth in the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on the production technologies, efficiency enhancement, and product life. There is a various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Chocolate Candy Bars market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nestle (Switzerland), Mars (United States), Hershey (United States), Cadbury (United Kingdom), Ulker (Istanbul), Anand Milk Union Limited (India), Lindt & Sprüngli (Switzerland), Ghirardelli Chocolate Company (United States), Masterfoods (Australia) and Boyer (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Freia (Norway), Necco (United States) and Fazer (Finland).
Segmentation Overview
AMA Research has segmented the market of Global Chocolate Candy Bars market by , Application (Household, Food Commercial and Others) and Region.
On the basis of geography, the market of Chocolate Candy Bars has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Size, the sub-segment i.e. Mini will boost the Chocolate Candy Bars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online Sales Channels will boost the Chocolate Candy Bars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ingredients, the sub-segment i.e. Fruits will boost the Chocolate Candy Bars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Acceptance of Western Cultural in Emerging Regions and Receiving of Chocolate Chip Cookies as a Medium of Treat in Some Occasions
Market Growth Drivers:
Growing Urbanization Joined with High Ingesting of Cookie in Industrialized Countries and Increasing Disposable Income of Consumers
Challenges:
Increasing Concern Related to the Health Issues
Restraints:
Availability of Different Substitutes Present in Market
Opportunities:
Huge Development in Untapped Markets and Technological Development in Chocolate Packing
Market Leaders and their expansionary development strategies
In January 2021, Mondelēz International has acquired Hu Master Holdings, the parent company of Hu Products, a fast-growing US-based snacking company offering high-quality snacks made from simple ingredients.
In Dec 2019, SNICKERs announced the relaunch of its chocolate bar known as SNICKERS white. This bar features delicious ingredients such as peanut, nougat, caramel, and others. Through this initiative, the company is becoming more competitive in the market.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Chocolate Candy Bars Manufacturers, Suppliers, and Distributors, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.