Chocolate Confectionery Market - Forecast(2021 - 2026)

The chocolate confectionery market is one such division that is not restricted to any age. For most of the global population, the age has never acted as a hindrance for divulging into chocolates to satisfy their taste buds. The market has been growing promisingly for a decade now and the innovations with flavors and textures are adding up to the expansion of the marketplace. Furthermore, the growing number of consumers intrigued by the outrageous trends of organic chocolate, no added sugar chocolates are fueling such experiments, thereby contributing to the chocolate confectionery market. In September 2019, Pladis and Starfrost underwent a merger to upgrade its spiral cooling system to reform its McVitie's Hobnob Chocolate Flapjacks through precise temperature reduction. The cooling system helps the manufacturers to create space to implement a completely new segment within their bakery without compromising their output capacity and enhancing the quality of the product. This innovation will attract innumerable consumers, therefore, heightening the chocolate confectionery market growth in the upcoming years.

As of 2018, the chocolate confectionery market collected a revenue avenue of around $129.93 billion, which is projected to increase at a CAGR of 2.49% during the forecast period 2019-2025.

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Europe Chocolate Confectionery Market Outlook:

Chocolate confectionery production process either includes processed chocolates or cacao beans as the principal raw material. Primarily, Europe delivers a multifarious range of chocolate products such as Fry's chocolate cream, milk chocolate, dark chocolate, white chocolate, and others, thus, leveraging the chocolate confectionery market scope across the region. Europe grabbed the highest chocolate confectionery market share with 40.16% amidst the global market in 2018.

Here are the growth drivers and trends contributing to the expansion of the Europe chocolate confectionery market –

· Germany Creates an Impact on the Europe Chocolate Confectionery Marketplace –

Germany acts as the center for Europe chocolate confectionery market. After the Netherlands, Germany is the largest importer of cacao beans in Europe with a share of 19%. With a value exceeding $1,103 billion of more than 449 thousand tons of cocoa was imported by Germany in 2017. Also, Gepa – The Fair-Trade Company in Germany presented a white organic yogurt chocolate bar infused with pepper and lemon zest. Moreover, another German company named Kaoka has invented organic dark chocolate with buttery crispy crépes. All these innovations and Germany's import values will directly create an impact on the increase of the chocolate confectionery market demand in the upcoming years.

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Chocolate Confectionery Market Analysis: Key Application

The global cocoa and chocolate market generated revenue of $49.757 billion in 2017 and is estimated to surpass $61.6 billion by 2022, growing at a CAGR of 4.4%. Several forms of chocolate confectioneries made from cocoa are available in the market such as chocolate lollipops, molded bars, and tablets, twist wrapped miniatures, seasonal chocolate, and others. However, the most significant utilization of chocolate confectionery is witnessed in the form of count-lines. 

This segment stands out in the chocolate confectionery sector due to its innovations and new proposals. Furthermore, the urge for natural ingredients, easy to eat and carry formats, and its sustainability with the environment is creating a demand influx of this specific segment in the chocolate confectionery market. The Bühler’s process technology combined with Bepex know-how during the production system is growing significantly across the world in the field of chocolate count-lines. This process that can handle binders of any consistency and aerated and non-aerated masses, produce products of the state-of-the-art level. This attracts consumers, hence, the countlines segment garners the most attention. The utilization of countlines chocolate is expected to increase at a CAGR of 2.27% during the forecast period 2019-2025. 

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