China Chocolate Market (2019-2025) | Trends, Industry, Value, Growth, Outlook, Revenue, Share, Analysis, Size & Segmentation

Latest Development (2023) of the China Chocolate Market

China Chocolate Market has seen the latest innovations which include the widespread usage of gourmet chocolate in other applications such as baked goods, ice cream, and most recently, beverages. At the same time, consumers are worried about excessive sugar intake and weight gain. That's much candy, and chocolate companies have introduced sugar-free or low calory products. Also, due to various health benefits, increasingly more customers are turning to dark chocolate. Manufacturers have also started to launch special sweets for special occasions containing different varieties of chocolate combined with different regional ingredients. In January 2021, China's prominent local on-demand delivery and retail platforms, Dada Group and Ferrero Group formed a new strategic partnership to create a new on-demand retail model for snack food. This has promoted the sales of chocolate via the online platform.

Mergers and Acquisitions:

• On January 5, 2021, Mondel?z International announced it had acquired Hu Master Holdings
• On May 26, 2021, Mondel?z International, Inc. announced an agreement to acquire Chipita S.A.

China Chocolate Market Synopsis

China chocolate market is expected to grow substantially due to recent changes in the perception of people regarding chocolates in China. In the past, people used to consider chocolates as a luxurious product that was consumed just on special occasions to celebrate moments of joy and happiness. However, now a day’s, Chinese people are buying and consuming chocolate on a daily basis and they have started considering chocolate as a sweet which is usually consumed after every meal.

According to 6Wresearch, China Chocolate Market size is projected to grow at a CAGR of 4.8% during 2019–2025. According to a survey by the Association of Chinese Chocolate Manufacturers regarding the chocolate market in China, every year China consumes around  70 grams of chocolate per capita making it an emerging chocolate market receiving huge investment from international brands. Moreover, Chinese consumers are trusting international brands more as compared to local ones due to better variety and taste.

Sweetness is still considered the most important factor when choosing chocolate in China due to which milk chocolate has a dominant share in the market. Although dark chocolates are expected to register maximum growth over the coming years due to a rise in health awareness among people. Boxed chocolates and assortments generate maximum revenue in the market due to chocolates being seen as a gifting product, although in the near future bar chocolates are predicted to register the highest growth over the coming years

The China chocolate market report comprehensively covers the market by product types, distribution channels, and chocolate types. The China chocolate market outlook report provides an unbiased and detailed analysis of the China chocolate market trends, China chocolate market share, opportunities, high growth areas, and market drivers which would help the stakeholders devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• China Chocolate Market Overview
• China Chocolate Market Outlook
• China Chocolate Market Forecast
• Historical Data of China Chocolate Market Revenues for the Period 2015-2018
• China Chocolate Market Size & Chocolate Market Forecast of Revenues, Until 2025
• Historical Data of China Chocolate Market Revenues, By Product Types, for the Period 2015-2018
• Market Size & Forecast of China Chocolate Market Revenues, By Product Types, Until 2025
• Historical Data of China Chocolate Market Revenues, By Distribution Channels, for the Period 2015-2018
• Market Size & Forecast of China Chocolate Market Revenues, By Distribution Channels, Until 2025
• Historical Data of China Chocolate Market Revenues, By Chocolate Types, for the Period 2015-2018
• Market Size & Forecast of China Chocolate Market Revenues, By Chocolate Types, Until 2025
• Market Drivers and Restraints
• China Chocolate Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis and Market Opportunity Assessment
• China Chocolate Market Share, By Players
• China Chocolate Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The China Chocolate Market report provides a detailed analysis of the following market segments:

By Product Types

• Milk Chocolate
• White Chocolate
• Dark Chocolate

By Distribution Channels

• Supermarkets/ Hypermarkets
• Grocery/ Mom n Pop Stores
• Convenience Stores
• Online Channel
• Others (Specialized Retailers, Pharmacy, etc.)

By Chocolate Types

• Count lines & Straight lines
• Molded or Bar Chocolates
• Choco-panned & Sugar panned
• Others (Box chocolates, novelties, etc.)