Global Chocolate Candy Bars Market Overview:
The chocolate candy bar is a bar-shaped confectionery food product. It contains various types of ingredients majorly nuts, caramel, and many others. Chocolate bar highly contains milk, cocoa. These are highly available across various online and offline platforms. And with the increase in the trend of fast food and packed sweet food, this driving the huge growth in the market. Some of the key players profiled in the study are Nestle (Switzerland), Mars (United States), Hershey (United States), Cadbury (United Kingdom), Ulker (Istanbul), Anand Milk Union Limited (India), Lindt & Sprüngli (Switzerland), Ghirardelli Chocolate Company (United States), Masterfoods (Australia) and Boyer (United States).
On the basis of geography, the market of Chocolate Candy Bars has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Size, the sub-segment i.e. Mini will boost the Chocolate Candy Bars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online Sales Channels will boost the Chocolate Candy Bars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ingredients, the sub-segment i.e. Fruits will boost the Chocolate Candy Bars market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Urbanization Joined with High Ingesting of Cookie in Industrialized Countries
- Increasing Disposable Income of Consumers
- Acceptance of Western Cultural in Emerging Regions
- Receiving of Chocolate Chip Cookies as a Medium of Treat in Some Occasions
- Availability of Different Substitutes Present in Market
- Huge Development in Untapped Markets
- Technological Development in Chocolate Packing
- Increasing Concern Related to the Health Issues
Major Market Developments:
In Dec 2019, SNICKERs announced the relaunch of its chocolate bar known as SNICKERS white. This bar features delicious ingredients such as peanut, nougat, caramel, and others. Through this initiative, the company is becoming more competitive in the market.
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on the production technologies, efficiency enhancement, and product life. There is a various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Chocolate Candy Bars Manufacturers, Suppliers, and Distributors, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Chocolate Candy Bars market on the basis of product  , application [Household, Food Commercial and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Chocolate Candy Bars market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Chocolate Candy Bars industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Freia (Norway), Necco (United States) and Fazer (Finland).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Chocolate Candy Bars market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.