About Chocolate Candy-
Chocolate candy is a type of confectionery made primarily with chocolate, often combined with other ingredients like sugar, milk, nuts, fruits, and flavorings. It comes in a wide variety of shapes, sizes, and textures, from smooth and creamy truffles to crunchy bars packed with nuts and nougat. Unlike baking chocolate, which has a high cocoa content and is used for cooking, chocolate candy is formulated for its sweetness and enjoyable eating experience. The chocolate candy market is expected to continue growing in the coming years, driven by strong consumer demand, product innovation, and favorable economic factors.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Chocolate Candy- 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.
Mars, Incorporated (United States), Ferrero (Italy), Mondelēz International (United States), Nestlé (Switzerland), THE HERSHEY (United States), Meiji Co., Ltd. (Japan), Chocoladefabriken Lindt & Sprüngli AG (Switzerland), Arcor (Argentina), Lotte Wellfood Co., Ltd. (South Korea) and Pladis (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are FUJIYA CO., LTD. (Japan), Barry Callebaut (Switzerland), Ezaki Glico Co., Ltd. (Japan), Perfetti Van Melle (Netherlands) and MORINAGA MILK INDUSTRY CO., LTD. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Chocolate Candy- market by Type (Dark Chocolate, Couverture Chocolate, White Chocolate, Blonde Chocolate and Others), Application (Household, Baking & Confectionery, Desserts and Others) and Region.
On the basis of geography, the market of Chocolate Candy- 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 Distribution Channel, the sub-segment i.e. Online will boost the Chocolate Candy- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. Small will boost the Chocolate Candy- 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- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Customized Chocolate Candy
Market Growth Drivers:
Acceptance of Western Cultural in Emerging Regions and Increasing Demand for Healthy and Functional Chocolate Candy
Challenges:
Increasing Concern Related to the Health Issues
Restraints:
Availability of Different Substitutes Present in Market
Opportunities:
Chocolate Candy Manufacturers are Constantly Introducing New and Innovative Flavors and Ingredients and Rising Demand in Developing Countries like India, China, and Brazil
Market Leaders and their expansionary development strategies
On November 30th, 2023, Ferrara Candy acquired Jelly Belly Candy. This acquisition strengthens Ferrara's position in the sugar confectionery market, combining their existing brands with Jelly Belly's iconic offerings.
In March 2023, The Hershey Company launched the Hershey's KISSES Milklicious candies. These are classic Hershey's KISSES with a creamy milk chocolate filling, offering a richer and smoother experience than traditional KISSES.
Key Target Audience
Chocolate Candy Manufacturer, Government Regulatory & Authorities, New Entrants, Research Center and Others
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.