1. Ezaki Glico Co., Limited
2. Lindt & Sprungli Group
3. Lotte Confectionery Co., Limited
4. Mars Incorporated
5. Meiji Holdings Co., Limited
The top four countries in Europe exports the highest number of chocolates. The four European countries like Belgium, Germany, Italy, and Poland owns over 40% of the world's total chocolate market. Within the four countries, Belgium gains more popularity for its chocolates. People around the globe love to have a delicious bite of Belgium chocolate every time. In Belgium, chocolates are produced in different forms like, cakes, drinks, hot chocolate drinks, syrups, truffles and many more items.
Ferrero Rocher and Lindt are European companies and is the most loved chocolates globally. The producers of the European chocolate industry are expanding opportunities for high quality of chocolates. One of the primary drivers for the market examined that the new advancement and development of new flavours that bring in more customers and at the same time, the customers are seen to be welcoming the new and creative flavours too. Besides, the rising interest in organic and natural chocolates would impacting the interest of the costumers for chocolates.
According to the report on "Europe Chocolate Market Outlook, 2026" published by Actual Market Research, the market has grown historically with the CAGR of around 4.76% till the year 2020. Germany has become the largest exporter and revenue generator in the market of chocolate in 2020. European chocolate is segmented into three types of chocolates, that are Milk Chocolate, Dark Chocolate and White Chocolate. The producers are constantly adopting new ingredients like, cocoa butter, nuts, bourbon vanilla to bring out new variants and flavours in the market to attack the consumers and increase their sales as well.
The European chocolate market is extremely competitive with many major global players like Lindt & Sprungli AG, Hershey Co., Ferrero Group, Mondelez International, Thornton, and Nestle S.A. the factors such as packaging, brand value, product variants and costs are seen to play a major role when it comes to purchasing decisions of the region's customers. The purchase pattern shows that customers tend to pick premium chocolates from groceries and hypermarkets, by getting influenced by the packaging system and also the European shoppers are getting interest and moving towards the higher cocoa content chocolates.
The Covid-19 pandemic in Europe have lower the sales of chocolate, including supply-side issues linked to quality and certification issues. The spread of the COVID-19 pandemic has led to lockdowns in Europe and many other international markets. The mainstream chocolate consumption is stable, but the craft chocolate segments are facing difficulties. In the cocoa-producing countries, lockdowns have put a hold on the supply chains. During pandemic the lockdown time most of the chocolate markets were shut down and because of the same the markets started losing consumers. The market was also impacted because of consumers were more conscious about their health and most of the time consumed vegetables and other healthy stuffs.
Major Companies present in the chocolate market
1. Ferrero SPA
2. Group Arcor
3. Theo Chocolate
4. Kellogg Company
5. Cacau show
6. La Maison du Chocolate
7. Ezaki Glico Co
8. Meiji Holdings Co. Ltd
9. Lindt and Sprüngli AG
10. Mars Incorporated
11. Mondelez International
12. Morinaga & Co. Ltd
13. Hershey Company
14. Nestle S.A
17. August Storck KG
18. Barry Callebaut
19. Godiva choclatier
20. Stella Bernrain
21. Blommer Chocolates Company
22. Confiserie Leonidas
23. Mary’s Chocolate
24. Lotte Confectionery
25. United Confectionery manufacturers
26. Cemoi Group
27. France Neuhaus
28. Brookside Chocolates
Considered in this report
• Geography: Global
• Base year: 2020
• Estimated year: 2021
• Forecast year: 2026
Aspects covered in this report
• Global chocolate market with its value and forecast along with its segments
• Region-wise chocolate market analysis
• Various divers and challenges
• Ongoing trends and developments
• Five force models
• Top profiled companies
• Strategic recommendation
Regions covered in the report
• United States
Types of chocolates in the report
• Milk chocolate
• Dark chocolate
• White chocolate
The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to chocolate industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Keywords: Global, North America, South, America, Europe, Middle East, Africa, Asia, Asia-Pacific, India, Japan, USA, Canada, Mexico, UK, Italy, France, Chocolate, Milk , Dark, White, Retailing, Organic, Natural, Everyday, Seasonal, Premium, Gourmet
This report would help you answer the following questions:
1. What is the market size and forecast of the North America Chocolate Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the North America Chocolate Market during the forecast period?
3. Which region outstands in the North America Chocolate Market?
4. Which are the segments to invest in over the forecast period in the North America Chocolate Market?
5. What is the competitive strategic window for opportunities in the North America Chocolate Market?
6. What are the technology trends and regulatory frameworks in the North America Chocolate Market?
7. What are the major companies in the North America Chocolate Market?