Analysis of COVID-19-Chocolate Confectionery Market 2019–2023 | Need for Organic Confectioneries to Boost Growth | Technavio
Technavio has been monitoring the chocolate confectionery market and it is poised to grow by USD 19.97 billion during 2019–2023, progressing at a CAGR of 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on Covid-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Chocoladefabriken Lindt & Sprüngli AG, Mars, Incorporated and its Affiliates, Mondelēz International, Nestlé, and The Hershey Company are some of the major market participants. The need for organic confectioneries will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Need for organic confectioneries has been instrumental in driving the growth of the market.
Chocolate Confectionery Market 2019–2023: Segmentation
Chocolate confectionery market is segmented as below:
- Product
- Geographic Landscape
- Chocolate
- Bars
- Boxed Assortments And Seasonal Variants
- Others
- APAC
- Europe
- MEA
- North America
- South America
To learn more about the global trends impacting the future of market research, download latest free sample report of 2020–2024: https://www.technavio.com/talk-to-us?report=IRTNTR31150
Chocolate Confectionery Market 2019–2023: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our chocolate confectionery market report covers the following areas:
- Chocolate Confectionery Market Size
- Chocolate Confectionery Market Trends
- Chocolate Confectionery Market Industry Analysis
This study identifies expansions and promotions by vendors through various strategies as one of the prime reasons driving the chocolate confectionery market growth during the next few years.
Chocolate Confectionery Market 2019–2023: Vendor Analysis
We provide a detailed analysis of vendors operating in the chocolate confectionery market, including some of the vendors such as Chocoladefabriken Lindt & Sprüngli AG, Mars, Incorporated and its Affiliates, Mondelēz International, Nestlé, and The Hershey Company. Backed with competitive intelligence and benchmarking, our research reports on the chocolate confectionery market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
