Volume Insights Chocolate Confectionery Sector
The global chocolate confectionery sector volume projection was 18,393 million units in 2023, and is projected to reach 27,630 million units by 2035, registering a CAGR of 3.2% from 2024 to 2035. The rapid expansion is supported by innovation in packaging.
Volume Insights Strategic Overview
Allied Market Research announces the release of its comprehensive analysis of global chocolate confectionery sector. Innovation, processing, and packaging are the main factors for the growth of the chocolate confectionery sector.
The report highlights that the chocolate confectionery sector is growing rapidly in emerging nations because of health awareness & consciousness among customers and varying consumer eating habits & tastes which drive innovation. The demand for vegan chocolates is rising in the chocolate confectionery sector, especially in emerging countries, due to rising health consciousness, lactose intolerance, and ethical consumerism.
The introduction of different types of packaging and promotion activities in chocolate confectionery products drives the growth and development of the chocolate confectionery sector globally. The global chocolate confectionery sector volume projection was 18,393 million units in 2023, and is projected to reach 27,630 million units by 2035, registering a CAGR of 3.2% from 2024 to 2035. The rapid expansion is supported by innovation in packaging.
Regional Chocolate Confectionery Sector Volume Growth
Europe dominates the chocolate confectionery sector with a 50% share in 2023 and a 3.1% CAGR, while North America, Asia-Pacific, and LAMEA show strong growth at 2.0%, 4.4%, and 4.2% CAGR, respectively, driven by rising demand for vegan chocolates.
The regional analysis highlights significant variations in adoption trends and sector potential across the globe. Europe leads the sector, contributing over 50% of the total volume in 2023 and is expected to grow at a CAGR of 3.1%, driven by an increase in the popularity of luxury chocolates and handmade artisan confectioneries, especially in developing nations like Germany and France. North America, led by the U.S. and Canada, is projected to maintain steady growth at a 2.0% CAGR, fueled by the demand for vegan chocolate confectionery that has increased in the sector. Asia-Pacific, with key players such as China, India, and Japan, is expected to grow at a 4.4% CAGR, supported by product portfolio extensions and new brand launches from established players. Meanwhile, LAMEA offers a significant growth opportunity with a 4.2% CAGR, driven by regions like Brazil and the Middle East, where there are growing retail and e-commerce distribution channels.
Chocolate Confectionery Sector Volume Growth, By Region, 2023-2035 (Million Units)
Region | 2023 | 2028 | 2035 | CAGR (2024–2035) |
North America | 5,566 | 6,260 | 7,224 | 2.0% |
Europe | 6,863 | 8,166 | 10,206 | 3.1% |
Asia-Pacific | 3,936 | 4,992 | 6,787 | 4.4% |
LAMEA | 2,028 | 2,542 | 3,413 | 4.2% |
Total | 18,393 | 21,960 | 27,630 | 3.2% |
Source: AMR Analysis
Chocolate Confectionery Country Sector Sales
China and the U.S. lead the chocolate confectionery sector, projected to reach 2,293 million units and 5,537 million units by 2035 at 3.2% and 1.7% CAGR, respectively, while India (5.3% CAGR) and Brazil (3.0% CAGR) emerge as high-growth sectors driven by the introduction of new chocolate flavors.
The report identifies China and the U.S. as the largest contributors to the chocolate confectionery sector in terms of volume. China manufacturers launch limited edition seasonal chocolate confections to capitalize on the taste of customers for winter-themed products and is projected to reach 2,293 million units by 2035, achieving a CAGR of 3.2%. The U.S., on the other hand, remains an important player in North America, growing at a steady 1.7% CAGR and accounting for 5,537 million units by 2035.
Emerging sectors, such as India and Brazil, are expected to drive significant growth due to increase in manufacturing costs, the launch of more sophisticated products, and the rise in prices of raw materials. India, which actively invests high amounts in advertising campaigns and marketing to enhance its brand recognition and influence the sector, is expected to cite a CAGR of 5.3%, the highest among major countries. Brazil, representing Latin America, is projected to grow at a CAGR of 3.0%, driving a trend toward an increase in chocolate consumption among the urban population.
Chocolate Confectionery Sector Volume Share, By Country, 2023-2035 (Million Units)
Country | 2023 | 2028 | 2035 | CAGR (2024-2035) |
China | 1,525 | 1,831 | 2,293 | 3.2% |
U.S. | 4,398 | 4,885 | 5,537 | 1.7% |
India | 641 | 849 | 1,223 | 5.3% |
Canada | 618 | 717 | 863 | 2.6% |
Brazil | 763 | 905 | 1,118 | 3.0% |
Mexico | 549 | 658 | 824 | 3.2% |
Germany | 1,737 | 2,011 | 2,417 | 2.5% |
Source: AMR Analysis
Key Highlights by Stakeholders
Highlighting the significance of this report, Anshul Mishra, Associate Vice-President of Allied Market Research, stated, “One of the key reasons driving sector expansion is an increase in demand for chocolate confectionery items created with organic, exotic, and functional ingredients. Furthermore, the emergence of bite-size snack sizes and on-the-go alternatives has resulted in customer convenience, which has favorably benefited sector growth. These are some of the major reasons driving the global chocolate confectionery industry.”
He further added, “The surge in demand for chocolate confectionery in Europe can be ascribed to changes in lifestyle and a greater desire to sample distinctive chocolate sweets. Europe is a major consumer of chocolate confectionery items.”
Chocolate Confectionery Sector Volume Trends
The report also highlights the chocolate confectionery sector, including a broad range such as dark chocolate, milk chocolate, and white chocolate, which is a crucial segment of the global consumer goods industry. The sector has grown steadily globally since manufacturers increased their product range by including functional ingredients, organic herbal fillings, tropical fruit, and nut-based & exotic flavors in product formulations to meet changing consumer demands.
Additionally, the demand for vegan chocolates is rising in the chocolate confectionery sector, especially in emerging countries, due to rising health consciousness, lactose intolerance, and ethical consumerism. As a result of the trend toward plant-based substitutes in nations like China, India, and Brazil, vegan chocolate options are growing.
Furthermore, the study discusses the growing populations and rising living standards that are driving the rapid expansion of emerging economies in Latin America and Asia-Pacific. Established sectors in North America and Europe, however, are still developing because of companies emphasizing sustainable and innovative packaging.
Consumer goods stakeholders should use the report’s insights to grab new opportunities and plan ahead.
About Allied Market Research
Allied Market Research is a full-service market research and business consulting firm that provides actionable insights and strategic recommendations to help clients make informed decisions and achieve sustainable growth. For more inquiries, please visit alliedmarketresearch.com.
Buy $ Value report:
https://www.alliedmarketresearch.com/chocolate-confectionery-market-A27762
About Allied Market Research
Allied Market Research is a full-service market research and business consulting firm, which provides actionable insights and strategic recommendations to help clients make informed decisions and achieve sustainable growth. For more inquiries, please visit alliedmarketresearch.com
