NEW
YORK, June 18, 2024 /PRNewswire/ -- The global
seasonal chocolates market size is estimated to grow by
USD 9.30 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a
CAGR of over 5.89% during the forecast period. Rise in
sales of seasonal chocolate during festive occasions is
driving market growth, with a trend towards growing
influence of online retailing. However, rising competition
from premium chocolates poses a challenge. Key market players
include Blue Frog Chocolates, Cemoi, Champlain Chocolate Co.,
Chocoladefabriken Lindt and Sprungli AG, Ferrero, Gayles
Chocolates, Gilbert Chocolates Inc., HAIGHS CHOCOLATES, Hotel
Chocolat, Lotte Corp., Marks and Spencer Group plc, Mars Inc.,
Meiji Holdings Co. Ltd., Mondelez International Inc., Nestle SA,
Phillips Candy, Purdys Chocolatier,
Savencia SA, The Hershey Co., and Yildiz Holding AS.
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Seasonal Chocolates
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
5.89%
|
Market growth
2024-2028
|
USD 9307.9
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.47
|
Regional
analysis
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
Europe at
33%
|
Key
countries
|
US, UK, France, Canada,
and Germany
|
Key companies
profiled
|
Blue Frog Chocolates,
Cemoi, Champlain Chocolate Co., Chocoladefabriken Lindt and
Sprungli AG, Ferrero, Gayles Chocolates, Gilbert Chocolates Inc.,
HAIGHS CHOCOLATES, Hotel Chocolat, Lotte Corp., Marks and Spencer
Group plc, Mars Inc., Meiji Holdings Co. Ltd., Mondelez
International Inc., Nestle SA, Phillips Candy, Purdys Chocolatier,
Savencia SA, The Hershey Co., and Yildiz Holding AS
|
Market Driver
E-commerce has significantly expanded the reach and boosted
profits for seasonal chocolate manufacturers. Online platforms
support both B2C and B2B transactions, with increasing consumer
spending and Internet usage driving growth. Customers appreciate
secure payment methods and enhanced product visibility offered by
online shopping portals. Developed countries, such as the US and
Japan, lead in online chocolate
purchases, contributing to the market's expansion. This trend
allows vendors to reduce costs and cater to the internet-savvy
customer base.
The seasonal chocolates market experiences significant growth
during specific holidays and occasions. Fathom the popularity of
chocolates during days like Mother's Day, Father's Day, Halloween,
Christmas, and Valentine's Day. Hallmark chocolates such as milk,
dark, and white varieties, caramels, and truffles are in high
demand. Kids particularly look forward to Halloween, where they
collect a variety of chocolates. Customers seek unique and creative
chocolate designs for special occasions. The market offers a wide
range of choices, including gift boxes, personalized chocolates,
and seasonal flavors. The economic situation and consumer
preferences can impact the demand for seasonal
chocolates.
Research report provides comprehensive data on
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Report
Market Challenges
- The seasonal chocolates market faces moderate challenges from
the increasing sales of premium chocolates. Brands like
Chocoladefabriken Lindt and Sprungli AG and Ferrero International
S.A. Offer a wide range of premium chocolates, which consumers
prefer due to their brand reputation and quality. While premium
chocolates are priced higher than seasonal chocolates, consumers
are willing to pay more, especially during special occasions. For
instance, Chocoladefabriken Lindt and Sprungli AG's Swiss Premium
Chocolate is priced at USD18.60,
compared to USD11.20 for their
Valentine Day chocolate. This shift
towards premiumization may hinder the growth of the global seasonal
chocolates market.
- The seasonal chocolates market faces several challenges.
Flavors like pumpkin, peppermint, and gingerbread require unique
ingredients and production methods. Customers expect consistent
quality and availability, especially during peak seasons. Chocolate
types, such as white, milk, and dark, add complexity to the
manufacturing process. Supply chain management is crucial to ensure
timely delivery and freshness. Sustainability and ethical sourcing
are also important considerations for many consumers. Sales and
marketing strategies must effectively target specific seasons and
consumer demographics. Overall, the seasonal chocolates market
presents both opportunities and challenges for businesses.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This seasonal chocolates market report extensively covers market
segmentation by
- Product
- 1.1 Dark seasonal chocolate
- 1.2 White and milk seasonal chocolate
- Type
- 2.1 Filled seasonal chocolates
- 2.2 Unfilled seasonal chocolates
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Dark seasonal chocolate- The seasonal
chocolates market is experiencing growth due to the rising demand
for dark chocolate. Dark chocolate, which contains 50%-60% cocoa
and less milk, is preferred by health-conscious consumers for its
health benefits. These benefits include improved cardiovascular
health, better cognitive functions, and improved blood flow. Dark
chocolate is also rich in fiber, antioxidants, iron, and magnesium.
Major vendors are responding to this trend by increasing their dark
chocolate offerings, including dairy-free, fair trade, and organic
options. The popularity of dark seasonal chocolates in major
markets like the US, Germany, the
UK, and Belgium is driving market
growth. However, the increase in raw material prices may impact
prices.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The seasonal chocolates market experiences significant
fluctuations throughout the year, with key holidays such as
Father's Day, Mother's Day, Halloween, Easter, and Diwali driving
demand. Dark, white, milk, and mixed chocolates cater to various
preferences among kids and adults. The health benefits of
chocolates, derived from essential minerals like Iron, Magnesium,
Copper, and Flavanols, contribute to their popularity as gifting
options. During the winter season, the use of Cocoa butter, Sugar,
Vanilla flavorings, Whole eggs, Cream Cheese, and Cocoa beans adds
to the richness and appeal of these treats. Antioxidants found in
Cocoa are an added health bonus, making seasonal chocolates a
delightful and thoughtful gift choice for all occasions.
Market Research Overview
The Seasonal Chocolates market is a significant segment of the
global chocolate industry, characterized by the production and sale
of chocolate products tied to specific seasons or holidays. These
chocolates come in various forms, such as truffles, pralines, and
molded shapes, and are often infused with unique flavors and
ingredients to reflect the particular season or celebration.
Factors driving the growth of this market include increasing
consumer demand for premium and gourmet chocolates, cultural
traditions surrounding chocolate consumption, and innovative
product development. Additionally, the market is influenced by
trends such as the use of natural and organic ingredients,
sustainable production methods, and the rise of online sales
channels. Overall, the Seasonal Chocolates market offers a rich and
diverse range of products that cater to consumers' evolving tastes
and preferences.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Dark Seasonal Chocolate
- White And Milk Seasonal Chocolate
- Type
-
- Filled Seasonal Chocolates
- Unfilled Seasonal Chocolates
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio