Latest 2021 Developments

Canada Chocolate Market has seen the latest developments which include the introduction of custom-made premium chocolates. These mailable (both domestic and international) postcard bars are handcrafted in the studio, wrapped in airtight foil, then put in paper packaging that allows the sender to write a personal note. Many premium chocolate developers discovered that paper packaging is cheaper than traditional specialty packaging, such as foil wrapping. These savings allow them to increase the variety of colorful packaging and enhance the line's visual appeal. These premium varieties of chocolates have gained popularity as gift items as well as snack eaten on special occasions. Furthermore, dark chocolate has also become famous as it contains large amounts of antioxidants, which are believed to prevent certain types of diseases like cardiac arrests.

Mergers and Acquisitions:

In June 2021, Barry Callebaut agreed to acquire the Europe Chocolate Company (ECC), a Belgian B2B manufacturer of specialty chocolate ingredients.

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Previous Release:

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 the 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 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 flavors, and expanding online chocolate distribution are the key factors catalyzing the growth of the chocolate market in Canada. Moreover, a higher young population and 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.)

Other Key Reports Available:

• Japan Chocolate Market Report
• UAE Chocolate Market Report
• India Chocolate Market Report
• Saudi Arabia Chocolate Market Report