GITNUX MARKETDATA REPORT 2024

Chocolate Confectionery Industry Statistics

The chocolate confectionery industry boasts steady growth, with global sales expected to reach $154 billion by 2026.

Last Updated: June 22, 2024

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In this post, we will explore a plethora of fascinating statistics revolving around the chocolate confectionery industry. From projected market sizes to consumption trends across various regions, these numbers provide valuable insights into the world of chocolate. Let’s dive in and uncover the data behind one of the most beloved treats globally.

Statistic 1

"Chocolate confectionery sales in the United States are projected to reach about USD 23.3 billion by 2025."

Statistic 2

"The global chocolate market size was USD 130.56 billion in 2019."

Statistic 3

"In the United Kingdom, 89% of people eat chocolate or other confectionery at least once a week."

Statistic 4

"The United States is the biggest consumer of chocolate worldwide."

Statistic 5

"Up to 90% of the total chocolate market revenue is accounted for by retail channels."

Statistic 6

"About 70% of the global cocoa supply comes from West Africa."

Statistic 7

"More than two-thirds of all chocolate consumed worldwide is milk chocolate."

Statistic 8

"It is anticipated that by 2028, the global chocolate confectionery market size will be about USD 183.56 billion."

Statistic 9

"Easter sees the largest chocolate sales in the UK, followed by Christmas, Valentine's Day, and Mother's Day."

Statistic 10

"China's chocolate market has been growing at an average rate of 10% annually."

Statistic 11

"Dark chocolate segment accounted for the second-largest market share of the global chocolate confectionery market in 2019."

Statistic 12

"Hershey's Chocolate World attracts more than 1.5 million visitors annually, indicating the popularity of the product."

Statistic 13

"Mondelez International, the maker of Cadbury's and Milka, had a 5.9% share of the global chocolate market in 2020."

Statistic 14

"A total of around 6.9 million metric tons of chocolate were consumed globally in 2020."

Statistic 15

"The US chocolate confectionery market is expected to grow annually by 1.92% in the period 2021-2025."

Statistic 16

"Marshmallows and caramels are the most common ingredients used in the creation of chocolate confectionery products."

Statistic 17

"In India, the chocolate confectionery market is estimated to grow at a CAGR of over 10% until 2025."

Statistic 18

"In 2019, the per capita consumption of chocolate in Australia was around 4.3 kg."

Statistic 19

"The share of dark chocolate in the overall chocolate market is anticipated to increase by about 9% between 2021 and 2027."

The statistics presented clearly showcase the immense growth and popularity of the chocolate confectionery industry on a global scale, with specific insights into key markets such as the United States, United Kingdom, China, and India. With projections indicating substantial increases in market size, consumption habits, and product preferences, it is evident that chocolate remains a beloved and lucrative product for both consumers and producers. The industry’s continued evolution and innovation, coupled with shifting consumer preferences towards dark chocolate and premium offerings, highlight the dynamic nature and potential for further expansion in the coming years.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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