PROSPECTS AND OPPORTUNITIES
Future growth is expected to be impacted by prices and trade disputes
Retail value sales of chocolate confectionery are expected to continue growing at a moderate pace, while volume sales are set to remain flat over the forecast period. Although cocoa prices are projected to stabilise after peaking in 2024, they are likely to remain relatively high.
Digital media communications will gain significance as a primary form of consumer engagement
Across the forecast period, companies in chocolate confectionery are expected to focus heavily on digital media and more personalised products and campaigns. Gen Z, in particular, is a tech-savvy generation with high levels of digital media engagement.
Rising interest in health creates key opportunities for innovation in chocolate confectionery
Health and wellness will continue to be an important focal point for consumers across the forecast period. Consumers in Canada are increasingly improving their knowledge on healthy lifestyle and trying to incorporate health-focused actions, a trend that is expected to be ongoing.
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Overview:
Understand the latest market trends and future growth opportunities for the Chocolate Confectionery industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Chocolate Confectionery industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Chocolate Confectionery in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Chocolate Confectionery in Canada?
- Which are the leading brands in Chocolate Confectionery in Canada?
- How are products distributed in Chocolate Confectionery in Canada?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Chocolate Confectionery?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Canada?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Chocolate Confectionery in Canada - Category analysis
KEY DATA FINDINGS
Elevated prices lead to stagnating volume sales, but support value growth
Nestlé Canada Inc maintains its leadership while Awake Chocolate Co records strong growth
Small local grocers lead distribution while convenience retailers improve its position
Future growth is expected to be impacted by prices and trade disputes
Digital media communications will gain significance as a primary form of consumer engagement
Rising interest in health creates key opportunities for innovation in chocolate confectionery
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DISCLAIMER
The following categories and subcategories are included:
Chocolate Confectionery
- Chocolate Pouches and Bags
- Boxed Assortments
- Chocolate with Toys
- Countlines
- Seasonal Chocolate
- Tablets
- Other Chocolate Confectionery
Chocolate Confectionery
This is the aggregation of tablets, countlines, chocolate pouches and bags, boxed assortments, seasonal chocolate, chocolate with toys, and other chocolate confectionery. Nuts and fruits covered in chocolate are included in this category. Note that chocolate overtly positioned for baking/cooking purposes is excluded from Euromonitor International's confectionery coverage.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Chocolate Confectionery research and analysis database.
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