The North America Chocolate Confectionery Market would witness market growth of 6.2% CAGR during the forecast period (2022-2028).
Low-sugar formulations are another trend within the chocolate confectionery sector, with creative solutions that enable sugar to be lowered by adding extracts from a variety of fruits, such as strawberry, cherry, watermelon, and lemon. Consumers no longer accept knowing what components a product contains, instead, they demand to know where each item comes from and how it is verified. As a result, chocolate snacks with easily identifiable ingredients are popular, and this is a crucial claim to make when urging people to buy them.
Premium quality confectionery items with a broad range of textures are in high demand among consumers. In addition, numerous consumers all over the world are willing to spend more for items with diverse textures, flavors, and premium quality. The market's leading brands are also increasing their investments in order to meet such demands of their consumers. For example, premium brand Baron Chocolatier debuted a product line of bars exclusively for Dollar Stores in the United States in September 2021. Five varieties, including milk mousse, peanut butter, and creamy caramel, are available in the product line. These bars are Kosher-certified, trans-fat-free, and GMO-free.
Because of the expanding demand for premium chocolate confectioneries, North America is one of the largest markets for chocolate confectionery. The demand for clean-label and organic chocolate confectioneries is also significantly growing. Consumers are seeking products that are healthy as well as indulgent. Dark chocolate is rapidly gaining popularity across this region, owing to an increase in the awareness of the health advantages of cocoa. Additionally, consumers' growing demand to know where their chocolate comes from and their worries about labor rights are likely to drive up the demand for fair-traded cocoa and chocolate, bolstering the region's position in the chocolate confectionery market.
Further, Canada is also a very big market for chocolate confectionaries. According to the Inter-American Institute for cooperation on agriculture, Canada is one of the world's largest chocolate consumers. Canadians consume 6.4 kg of chocolate each year on average, or 160 bars per person, making Canada the world's ninth-highest chocolate consumer, one kg more than the United States. Therefore, due to the constantly rising consumption of chocolates, the regional market is estimated to significantly flourish in the coming years.
The US market dominated the North America Chocolate Confectionery Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $53,803.1 million by 2028. The Canada market is estimated to grow at a CAGR of 8.6% during (2022 - 2028). Additionally, The Mexico market would display a CAGR of 7.7% during (2022 - 2028).
Based on Type, the market is segmented into Milk, Dark, and White. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online, and Others. Based on Product, the market is segmented into Molded Bars, Chips & Bites, Boxed, Truffles & Cups, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Chocolate Confectionery Market is Estimated to reach $265.9 Billion by 2028, at a CAGR of 6.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ferrero Group, The Hershey Company (Hershey Trust Company), Lindt & Sprungli AG, Mars, Inc., Mondelez International, Inc., Nestle S.A., The Barry Callebaut Group, Lotte Corporation, Lake Champlain Chocolates, and CÉMOI Group.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores
- Online
- Others
By Product
- Molded Bars
- Chips & Bites
- Boxed
- Truffles & Cups
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Ferrero Group
- The Hershey Company (Hershey Trust Company)
- Lindt & Sprungli AG
- Mars, Inc.
- Mondelez International, Inc.
- Nestle S.A.
- The Barry Callebaut Group
- Lotte Corporation
- Lake Champlain Chocolates
- CÉMOI Group
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Chocolate Confectionery Market, by Type
1.4.2 North America Chocolate Confectionery Market, by Distribution Channel
1.4.3 North America Chocolate Confectionery Market, by Product
1.4.4 North America Chocolate Confectionery Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions- Chocolate Confectionery Market
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, May – 2022, May) Leading Players
Chapter 4. North America Chocolate Confectionery Market by Type
4.1 North America Milk Market by Country
4.2 North America Dark Market by Country
4.3 North America White Market by Country
Chapter 5. North America Chocolate Confectionery Market by Distribution Channel
5.1 North America Supermarkets & Hypermarkets Market by Country
5.2 North America Convenience Stores Market by Country
5.3 North America Online Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Chocolate Confectionery Market by Product
6.1 North America Molded Bars Market by Country
6.2 North America Chips & Bites Market by Country
6.3 North America Boxed Market by Country
6.4 North America Truffles & Cups Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Chocolate Confectionery Market by Country
7.1 US Chocolate Confectionery Market
7.1.1 US Chocolate Confectionery Market by Type
7.1.2 US Chocolate Confectionery Market by Distribution Channel
7.1.3 US Chocolate Confectionery Market by Product
7.2 Canada Chocolate Confectionery Market
7.2.1 Canada Chocolate Confectionery Market by Type
7.2.2 Canada Chocolate Confectionery Market by Distribution Channel
7.2.3 Canada Chocolate Confectionery Market by Product
7.3 Mexico Chocolate Confectionery Market
7.3.1 Mexico Chocolate Confectionery Market by Type
7.3.2 Mexico Chocolate Confectionery Market by Distribution Channel
7.3.3 Mexico Chocolate Confectionery Market by Product
7.4 Rest of North America Chocolate Confectionery Market
7.4.1 Rest of North America Chocolate Confectionery Market by Type
7.4.2 Rest of North America Chocolate Confectionery Market by Distribution Channel
7.4.3 Rest of North America Chocolate Confectionery Market by Product
Chapter 8. Company Profiles
8.1 Ferrero Group
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Product Launches and Product Expansions:
8.1.2.2 Acquisition and Mergers:
8.1.2.3 Geographical Expansions:
8.2 The Hershey Company (Hershey Trust Company)
8.2.1 Company overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Partnerships, Collaborations, and Agreements:
8.2.4.2 Product Launches and Product Expansions:
8.3 Lindt & Sprungli AG
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Acquisition and Mergers:
8.3.2.2 Product Launches and Product Expansions:
8.4 Mars, Inc.
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Product Launches and Product Expansions:
8.5 Mondelez International, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Product Launches and Product Expansions:
8.5.4.2 Acquisition and Mergers:
8.6 Nestle S.A.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.7 The Barry Callebaut Group
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.7.5.3 Acquisition and Mergers:
8.7.5.4 Geographical Expansions:
8.8 Lotte Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.9 Lake Champlain Chocolates
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Product Launches and Product Expansions:
8.10. CÉMOI Group
8.10.1 Company Overview
TABLE 1 North America Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 2 North America Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Chocolate Confectionery Market
TABLE 4 Product Launches And Product Expansions– Chocolate Confectionery Market
TABLE 5 Acquisition and Mergers– Chocolate Confectionery Market
TABLE 6 Grographical Expansions- Chocolate Confectionery Market
TABLE 7 North America Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 8 North America Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 9 North America Milk Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Milk Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Dark Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Dark Market by Country, 2022 - 2028, USD Million
TABLE 13 North America White Market by Country, 2018 - 2021, USD Million
TABLE 14 North America White Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 16 North America Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 17 North America Supermarkets & Hypermarkets Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Supermarkets & Hypermarkets Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Convenience Stores Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Convenience Stores Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Online Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Online Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 26 North America Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 27 North America Molded Bars Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Molded Bars Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Chips & Bites Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Chips & Bites Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Boxed Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Boxed Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Truffles & Cups Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Truffles & Cups Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Chocolate Confectionery Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Chocolate Confectionery Market by Country, 2022 - 2028, USD Million
TABLE 39 US Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 40 US Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 41 US Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 42 US Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 43 US Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 44 US Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 45 US Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 46 US Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 47 Canada Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 48 Canada Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 49 Canada Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 50 Canada Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 51 Canada Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 52 Canada Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 53 Canada Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 54 Canada Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 55 Mexico Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 56 Mexico Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 57 Mexico Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 58 Mexico Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 59 Mexico Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 60 Mexico Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 61 Mexico Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 62 Mexico Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 63 Rest of North America Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 64 Rest of North America Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 65 Rest of North America Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 66 Rest of North America Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 67 Rest of North America Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 68 Rest of North America Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 69 Rest of North America Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 70 Rest of North America Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 71 Key information – Ferrero Group
TABLE 72 Key Information –The Hershey Company
TABLE 73 Key Information – Lindt & Sprungli AG
TABLE 74 key information – Mars, Inc.
TABLE 75 Key Information – Mondelez International, Inc.
TABLE 76 Key Information – Nestle S.A.
TABLE 77 Key Information – The Barry Callebaut Group
TABLE 78 Key Information – Lotte Corporation
TABLE 79 Key Information – Lake Champlain Chocolates
TABLE 80 Key Information – CÉMOI Group
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, May – 2022, May) Leading Players
FIG 5 Recent strategies and developments: Ferrero Group
FIG 6 Recent strategies and developments: The Hershey Company
FIG 7 Recent strategies and developments: Lindt & Sprungli AG
FIG 8 Recent strategies and developments: Mondelez International, Inc.
FIG 9 Recent strategies and developments: The Barry Callebaut Group