According to a recent market study published by Growth Market Reports, titled, “Global Seasonal Chocolates Market By Product, By Occasion, By Age Group, By Sales Channel, and By Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 15,057.1 Million in 2022 and is anticipated to expand at a growth rate of 5.06% by 2031.

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Seasonal chocolates are confections purchased by consumers on a certain day or season, such as Father's Day, Mother's Day, Halloween, Easter, and Diwali, for their enjoyment or giving. Seasonal chocolates are often divided into four categories: dark chocolate, white chocolate, milk chocolate, and mixed chocolate. These chocolates are very indulgent, which makes them popular with both adults and children.

Milk chocolate contains dark chocolate that has low cocoa solid content and high sugar content with a milk product such as milk powder, boiled milk, or condensed milk. White chocolate was first presented by Nestlé in 1936. It was made up of sugar, milk, and cocoa butter. The process of making white chocolate starts with cacao beans, similar to other types of chocolate.

The global Seasonal Chocolates market has been segmented in terms of product, occasion, age group, by sales channel. In terms of product, the global seasonal chocolates market is split into dark seasonal chocolate, white seasonal chocolate, milk seasonal chocolate, and mixed chocolate. On the basis of occasion, the market is fragmented into christmas, halloween, diwali, wedding, easter, valentine's day, new year, mother’s day, father’s day, and others. Based on age group, the market is fragmented into kids and adults. Based on sales channels, the market is fragmented into offline and online. Considering regions, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The COVID-19 outbreak has led to several market challenges, including supply chain disruptions, reduced demand for non-essential products like chocolates, and restrictions on retail operations. The closure of hospitality establishments, including hotels and restaurants, has also affected the demand for seasonal chocolates during the holiday season, which typically accounts for a significant portion of the chocolate industry's annual revenue. The increased adoption of online channels for purchasing chocolates and gifting options during festive seasons could drive the market's growth. Additionally, the demand for premium, artisanal chocolates made from sustainably sourced raw materials is expected to remain high, driving innovation in the seasonal chocolate market.

Key Takeaways from the Study:

  • Players in the global seasonal chocolates market include Mars Incorporated, Mondelez International, Ferrero, Nestle, THE HERSHEY COMPANY, Chocoladefabriken Lindt & Sprüngli AG, LOTTE, Yildiz Holding (Pladis), HAIGH'S CHOCOLATES, Wilson Candy, OAKMONT BAKERY, Munson’s Chocolates, Alfred Ritter GmbH & Co. KG, Choc Affair Handmade Chocolate, Chocolate Storybook, and others.

  • Based on product, the global seasonal chocolates market is segmented into dark seasonal chocolate, white seasonal chocolate, milk seasonal chocolate, and mixed chocolate. The milk seasonal chocolate segment is projected to hold a significant share during the forecast period, as it is widely consumed by people around the globe.

  • Based on occasion, the global seasonal chocolates market is segmented into christmas, halloween, diwali, wedding, easter, valentine’s day, new year, mother’s day, father’s day, others. The diwali segment is projected to hold a substantial share of the market in the coming years, as the increasing trend of giving and receiving chocolates during the Diwali season. Moreover, the new year segment is projected to expand at a considerable CAGR during the forecast period, as chocolates are a popular choice while celebrating the new year. Moreover, the mother's day segment is anticipated to expand at a considerable CAGR during the forecast period, due to increasing use of chocolates as a gift.

  • Based on age group, the global seasonal chocolates market is segmented into kids and adults. The adult’s segment is expected to hold a substantial share of the market, as the consumption of chocolate positively influences the emotional and psychological state of adults. Kids often consume chocolate in various forms, including chocolate bars and candies. According to various studies, kids perceive a feeling of satisfaction and happiness after consuming chocolate.

  • On the basis of sales channel, the global seasonal chocolates market is offline and online. The online segment is projected to expand at a rapid pace during the forecast period, due to increased internet connectivity, growing adoption of mobile devices, and rising consumer awareness across the globe. Increasing penetration of high-speed internet and a rising number of smartphone users are expected to fuel the online segment in the coming years.

  • Based on regions, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to expand at a notable CAGR during the forecast period, owing to the increase in corporate gift-giving culture in the region. In Asia Pacific countries, gift-giving is considered a distinct cultural and interpersonal act that bring specific moral characteristics. According to a study published in Asia Pacific Journal of Marketing and Logistics, business relationships significantly impact the gift-giving culture, and it is a powerful strategy for sustaining relationships.

Key Developments

  • In November 2022 THE HERSHEY COMPANY launched its holiday lineup with a variety of ‘brand-new’ products including hot chocolate bombs.

  • In May 2022, Chocoladefabriken Lindt & Sprüngli AG revealed its exciting offering with the launch of its Lindt CLASSIC RECIPE OatMilk chocolate bars.

Report Scope:

Report Metric

Details

Market Value in 2022

US$ 15,057.1 Million

Market Growth Rate (from 2022 to 2031)

5.06%

Historical Data

2016 & 2021

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (US$ Million)

Market Segments

By Product, By Occasion, By Age Group, By Sales Channel, and By Region

Key Companies Profiled

Mars Incorporated, Mondelez International, Ferrero, Nestle, THE HERSHEY COMPANY, Chocoladefabriken Lindt & Sprüngli AG, LOTTE, Yildiz Holding (Pladis), HAIGH'S CHOCOLATES, Wilson Candy, OAKMONT BAKERY, Munson’s Chocolates, Alfred Ritter GmbH & Co. KG, Choc Affair Handmade Chocolate, Chocolate Storybook, and others.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

 

Target Audience:

  • Supply-side: Raw Material Suppliers, Manufacturers, Suppliers/Distributors and Logistics, End-users/Applications

  • Regulatory Side: Concerned government authorities, and other approved regulatory bodies.

      • European Food Safety Authority (EFSA)

      • US Food and Drug Administration

      • European Cocoa Association

      • Others