Canada Chocolate Market (2019-2025) | industry, Size, Share, Revenue, Analysis, Forecast, Trends, Growth, Value & Outlook

Market Forecast 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(Countlines & Straight lines, Molded or Bar Chocolates, Choco-panned & Sugar panned, Others (Box chocolates, novelties, etc.))and Competitive Landscape

Product Code: ETC001765 Publication Date: Feb 2023 Updated Date: Feb 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 8 No. of Tables: 2

Canada Chocolate Market Competition 2023


Canada Export Potential Assessment For Chocolate Market (USD Values in Thousand)


Latest 2023 Development of the Canada Chocolate Market

Canada Chocolate Market was growing steadily, driven by increasing disposable incomes, a growing demand for premium and dark chocolate, and a rising preference for healthier alternatives such as dark chocolate. This sector is a prominent part of the North America Chocolate Market. The market was also characterized by intense competition among local and international players, with leading companies investing in marketing and product innovation to maintain their share in the Canada Chocolate Industry. Chocolate manufacturing companies in Canada are stimulating the Chocolate Industry in Canada with the best quality chocolates. Cadbury's Dairy Milk is one of the most popular chocolate brands in Canada and the company has made numerous improvements to this product in recent years.

In recent years, the Chocolate Market in Canada has seen a substantial increase in consolidation as companies such as Hershey's and Mars have acquired smaller local chocolate makers in order to expand their presence in the industry. Moreover, the increasing focus on sustainability as major companies are investing in renewable energy and sustainable sourcing practices to reduce their carbon footprint and improve their overall sustainability. Further, the launch of healthy chocolate options such as dark chocolate bars and chocolate products made with natural sweeteners such as stevia is another major development of the market that propels the growth of the chocolate industry in Canada. In addition, Cadbury's Dairy Milk has launched new products in India and China, while Hershey's has increased its presence in Asia and Europe to expand their operations into new markets. 

Canada Chocolate Market  Synopsis

Canada chocolate market is expected to witness stagnant growth over the coming years due to the stagnation of the chocolate market in the country. The rising cost of raw materials especially sugar is making chocolate an expensive product in Canada. Moreover, growing awareness among people regarding health concerns makes consumers track the items they eat and hence try cutting down their calorie intake.

According to 6Wresearch, the Canada Chocolate Market size is projected to grow at a CAGR of 4.2% during 2019–2025. The chocolate market has been seen to increase even at the time of sluggish growth of the Canadian economy as people have started considering chocolate as an essential commodity to satisfy their craving for indulgence. Additionally, the introduction of international brands, availability of a variety of flavours, and expanding online chocolate distribution are the key factors catalyzing the growth of the chocolate market in Canada. Moreover, a higher young population and a booming retail sector would also augment the growth of the chocolate market in Canada during the forecast period.

Milk Chocolate is the dominant chocolate type among consumers due to its authentic sweet, milky and creamy texture. Gradually people are shifting towards premium dark chocolate with rich cocoa content accruing to the health benefits associated with it while satisfying the craving for chocolate. Further, with the growing trend of offering chocolates as gifts, expensive chocolates are expected to witness huge acceptance over the coming years in Canada.

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

Key Highlights of The Reports

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

Markets Covered

The Canada 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.)
Canada Chocolate Market: FAQs
The market is also driven by the increasing demand for chocolate-based products such as chocolate bars, chocolate chips, and chocolate-covered nuts. The rising e-commerce has also made it easier for consumers to access a wide range of chocolate products via online mediums.
Changing consumer trends, lack of investment and high production costs hinder the growth of this market.
The increasing costs of raw materials and the high competition from international brands are some of the challenges faced by the market.
Yes, the market is expected to grow as more and more consumers are becoming interested in high-quality chocolate and are willing to pay a premium price for it.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
TABLE OF CONTENTS
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of The Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Canada Chocolate Market Overview
3.1 Canada Country Indicators
3.2 Canada Chocolate Market Revenues, 2015-2025F
3.3 Canada Chocolate Market Revenue Share, By Product Types, 2018 & 2025F
3.4 Canada Chocolate Market Revenue Share, By Distribution Channels, 2018 & 2025F
3.5 Canada Chocolate Market Revenue Share, By Chocolate Types, 2018 & 2025F
3.6 Canada Chocolate Market-Industrial Life Cycle
3.7 Canada Chocolate Market-Porter’s Five Force Model
4. Canada Chocolate Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Canada Chocolate Market Trends
6. Canada Chocolate Market Overview, By Product Types
6.1 Canada Milk Chocolate Market Revenues, 2015-2025F
6.2 Canada White Chocolate Market Revenues, 2015-2025F
6.3 Canada Dark Chocolate Market Revenues, 2015-2025F
7. Canada Chocolate Market Overview, By Distribution Channels
7.1 Canada Chocolate Market Revenues, By Supermarkets/ Hypermarkets, 2015-2025F
7.2 Canada Chocolate Market Revenues, By Grocery/ Mom n Pop Stores, 2015-2025F
7.3 Canada Chocolate Market Revenues, By Convenience Stores, 2015-2025F
7.4 Canada Chocolate Market Revenues, By Online Channel, 2015-2025F
7.5 Canada Chocolate Market Revenues, By Other Distribution Channels, 2015-2025F
8. Canada Chocolate Market Overview, By Chocolate Types
8.1 Canada Chocolate Market Revenues, By Countlines & Straight-lines, 2015-2025F
8.2 Canada Chocolate Market Revenues, By Moulded or Bar, 2015-2025F
8.3 Canada Chocolate Market Revenues, By Choco-Panned & Sugar Panned, 2015-2025F
8.4 Canada Chocolate Market Revenues, By Other Chocolate Types, 2015-2025F
9.  Canada Chocolate Market – Key Performance Indicators
10. Canada Chocolate Market – Opportunity Assessment
10.1 Canada Chocolate Market Opportunity Assessment, By Distribution Channels, 2025F
10.2 Canada Chocolate Market Opportunity Assessment, By Chocolate Types, 2025F
10.3  Canada Chocolate Market Opportunity Assessment, By Product Types, 2025F
11. Canada Chocolate Market Competitive Landscape
11.1 Canada Chocolate Market Competitive landscape, By Technical and Operating Parameters
11.2 Canada Chocolate Market Revenue Share, By Company, 2018
12. Company Profiles
12.1 Mondelez International, Inc.
12.2 Mars, Incorporated
12.3 Nestle Corporate
12.4 Ferrero Group Corporate
12.5  The Hershey Company
12.6 Chocoladefabriken Lindt & Sprüngli
12.7 Ghirardelli Chocolate Co.
12.8 Yildiz Holding
12.9 Groupo Arcor
12.10 Rittersport Company
13. Key Strategic Recommendations
14. Disclaimer
LIST OF FIGURES
Figure 1. Canada Chocolate Market Revenues, 2015-2025F ($ Million)
Figure 2. Canada Chocolate Market Revenue Share, By Product Types, 2018 & 2025F
Figure 3. Canada Chocolate Market Revenue Share, By Distribution Channels, 2018 & 2025F
Figure 4. Canada Chocolate Market Revenues, By Distribution Channels, 2015-2025F ($ Million)
Figure 5. Canada Chocolate Market Revenue Share, By Chocolate Types, 2018 & 2025F
Figure 6. Canada Chocolate Market Opportunity Assessment, By Distribution Channels, 2025F
Figure 7. Canada Chocolate Market Opportunity Assessment, By Chocolate Types, 2025F
Figure 8. Canada Chocolate Market Opportunity Assessment, By Product Types, 2025F
LIST OF TABLES
Table 1. Canada Chocolate Market Revenues, By Product Types, 2015-2025F ($ Million)
Table 2. Canada Chocolate Market Revenues, By Chocolate Types, 2015-2025F ($ Million)

China Chocolate Market (2019-2025): Market Forecast By Product Types(Milk Chocolate, White Chocolate, Dark Chocolate), By Distribution Channels(Supermarkets/ Hypermarkets, Grocery/ Mom n Pop Stores, Convenience Stores, Online Channels, Others(Specialized Retailers, Pharmacy, etc.)), By Chocolate Types(Countlines & Straight lines, Molded or Bar Chocolates, Choco-panned & Sugar panned, Others (Box chocolates, novelties, etc.))and Competitive Landscape

Germany Chocolate Market (2019-2025): Market Forecast By Product Types(Milk Chocolate, White Chocolate, Dark Chocolate), By Distribution Channels(Supermarkets/ Hypermarkets, Grocery/ Mom n Pop Stores, Convenience Stores, Online Channels, Others(Specialized Retailers, Pharmacy, etc.)), By Chocolate Types(Countlines & Straight lines, Molded or Bar Chocolates, Choco-panned & Sugar panned, Others (Box chocolates, novelties, etc.))and Competitive Landscape

France Chocolate Market (2019-2025): Market Forecast By Product Types(Milk Chocolate, White Chocolate, Dark Chocolate), By Distribution Channels(Supermarkets/ Hypermarkets, Grocery/ Mom n Pop Stores, Convenience Stores, Online Channels, Others(Specialized Retailers, Pharmacy, etc.)), By Chocolate Types(Countlines & Straight lines, Molded or Bar Chocolates, Choco-panned & Sugar panned, Others (Box chocolates, novelties, etc.))and Competitive Landscape

India Chocolate Market (2019-2025): Market Forecast By Product Types(Milk Chocolate, White Chocolate, Dark Chocolate), By Distribution Channels(Supermarkets/ Hypermarkets, Grocery/ Mom n Pop Stores, Convenience Stores, Online Channels, Others(Specialized Retailers, Pharmacy, etc.)), By Chocolate Types(Countlines & Straight lines, Molded or Bar Chocolates, Choco-panned & Sugar panned, Others (Box chocolates, novelties, etc.))and Competitive Landscape

Indonesia Chocolate Market (2019-2025): Market Forecast By Product Types(Milk Chocolate, White Chocolate, Dark Chocolate), By Distribution Channels(Supermarkets/ Hypermarkets, Grocery/ Mom n Pop Stores, Convenience Stores, Online Channels, Others(Specialized Retailers, Pharmacy, etc.)), By Chocolate Types(Countlines & Straight lines, Molded or Bar Chocolates, Choco-panned & Sugar panned, Others (Box chocolates, novelties, etc.))and Competitive Landscape

Brazil Chocolate Market (2019-2025): Market Forecast By Product Types(Milk Chocolate, White Chocolate, Dark Chocolate), By Distribution Channels(Supermarkets/ Hypermarkets, Grocery/ Mom n Pop Stores, Convenience Stores, Online Channels, Others(Specialized Retailers, Pharmacy, etc.)), By Chocolate Types(Countlines & Straight lines, Molded or Bar Chocolates, Choco-panned & Sugar panned, Others (Box chocolates, novelties, etc.))and Competitive Landscape

Japan Chocolate Market  (2019-2025): Market Forecast By Product Types(Milk Chocolate, White Chocolate, Dark Chocolate), By Distribution Channels(Supermarkets/ Hypermarkets, Grocery/ Mom n Pop Stores, Convenience Stores, Online Channels, Others(Specialized Retailers, Pharmacy, etc.)), By Chocolate Types(Countlines & Straight lines, Molded or Bar Chocolates, Choco-panned & Sugar panned, Others (Box chocolates, novelties, etc.))and Competitive Landscape

Mexico Chocolate Market (2019-2025): Market Forecast By Product Types(Milk Chocolate, White Chocolate, Dark Chocolate), By Distribution Channels(Supermarkets/ Hypermarkets, Grocery/ Mom n Pop Stores, Convenience Stores, Online Channels, Others(Specialized Retailers, Pharmacy, etc.)), By Chocolate Types(Countlines & Straight lines, Molded or Bar Chocolates, Choco-panned & Sugar panned, Others (Box chocolates, novelties, etc.))and Competitive Landscape

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