Worldwide Chocolate Bars with Fillings Market - Expected to Grow at a CAGR of +1.0% from 2024 to 2035, Reaching 11M tons

IndexBox has just published a new report: World - Chocolate Bars With Fillings - Market Analysis, Forecast, Size, Trends And Insights.

The article discusses the projected growth of the chocolate bar market due to the rising demand for bars with fillings globally. By 2035, the market is expected to reach a volume of 11M tons and a value of $70.1B, with a forecasted CAGR of +1.0% in volume and +1.8% in value from 2024 onwards.

Market Forecast

Driven by increasing demand for chocolate bars with fillings worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.0% for the period from 2024 to 2035, which is projected to bring the market volume to 11M tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.8% for the period from 2024 to 2035, which is projected to bring the market value to $70.1B (in nominal wholesale prices) by the end of 2035.

Consumption

World's Consumption of Chocolate Bars With Fillings

In 2024, after seven years of growth, there was decline in consumption of chocolate bars with fillings, when its volume decreased by -0.6% to 10M tons. The total consumption volume increased at an average annual rate of +1.1% over the period from 2013 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Global consumption peaked at 10M tons in 2023, and then contracted in the following year.

The global chocolate bar with filling market size rose slightly to $57.7B in 2024, increasing by 2.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.5% from 2013 to 2024; the trend pattern remained consistent, with only minor fluctuations in certain years. Global consumption peaked in 2024 and is expected to retain growth in years to come.

Consumption By Country

The countries with the highest volumes of consumption in 2024 were China (1.5M tons), the United States (1M tons) and Russia (966K tons), together comprising 35% of global consumption. India, Japan, Pakistan, Germany, Indonesia, Brazil and Nigeria lagged somewhat behind, together accounting for a further 21%.

From 2013 to 2024, the biggest increases were recorded for Pakistan (with a CAGR of +2.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($8.5B), the United States ($5.6B) and Japan ($3.7B) constituted the countries with the highest levels of market value in 2024, with a combined 31% share of the global market. Russia, India, Germany, Indonesia, Pakistan, Nigeria and Brazil lagged somewhat behind, together comprising a further 24%.

In terms of the main consuming countries, Germany, with a CAGR of +5.3%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2024, the highest levels of chocolate bar with filling per capita consumption was registered in Russia (6.7 kg per person), followed by Germany (3.2 kg per person), the United States (3.1 kg per person) and Japan (2.2 kg per person), while the world average per capita consumption of chocolate bar with filling was estimated at 1.3 kg per person.

From 2013 to 2024, the average annual growth rate of the chocolate bar with filling per capita consumption in Russia was relatively modest. In the other countries, the average annual rates were as follows: Germany (+2.3% per year) and the United States (-0.7% per year).

Production

World's Production of Chocolate Bars With Fillings

In 2024, after seven years of growth, there was decline in production of chocolate bars with fillings, when its volume decreased by -0.1% to 10M tons. The total output volume increased at an average annual rate of +1.2% over the period from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 3.8% against the previous year. Global production peaked at 10M tons in 2023, and then declined in the following year.

In value terms, chocolate bar with filling production expanded slightly to $58.7B in 2024 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2013 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 5.9%. Global production peaked in 2024 and is likely to see steady growth in the near future.

Production By Country

The countries with the highest volumes of production in 2024 were China (1.5M tons), the United States (1M tons) and Russia (983K tons), with a combined 35% share of global production. India, Germany, Pakistan, Japan, Indonesia, Brazil and Nigeria lagged somewhat behind, together comprising a further 22%.

From 2013 to 2024, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Pakistan (with a CAGR of +2.9%), while production for the other global leaders experienced more modest paces of growth.

Imports

World's Imports of Chocolate Bars With Fillings

In 2024, overseas purchases of chocolate bars with fillings decreased by -8.3% to 964K tons for the first time since 2020, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.4% over the period from 2013 to 2024; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 7.3% against the previous year. Global imports peaked at 1.1M tons in 2023, and then reduced in the following year.

In value terms, chocolate bar with filling imports dropped to $6.4B in 2024. Overall, total imports indicated a moderate increase from 2013 to 2024: its value increased at an average annual rate of +3.8% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +39.6% against 2020 indices. The pace of growth was the most pronounced in 2023 with an increase of 18%. As a result, imports attained the peak of $6.4B, leveling off in the following year.

Imports By Country

In 2024, the UK (111K tons), followed by Germany (68K tons), the United States (64K tons) and the Netherlands (56K tons) were the largest importers of chocolate bars with fillings, together constituting 31% of total imports. France (34K tons), Poland (32K tons), Belgium (30K tons), Iraq (27K tons), Italy (20K tons) and Spain (19K tons) followed a long way behind the leaders.

From 2013 to 2024, the biggest increases were recorded for Iraq (with a CAGR of +15.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest chocolate bar with filling importing markets worldwide were the UK ($664M), the United States ($569M) and Germany ($486M), with a combined 27% share of global imports. The Netherlands, France, Poland, Belgium, Spain, Italy and Iraq lagged somewhat behind, together comprising a further 22%.

In terms of the main importing countries, Iraq, with a CAGR of +14.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average chocolate bar with filling import price stood at $6,601 per ton in 2024, growing by 8.4% against the previous year. Over the last eleven years, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2023 an increase of 18%. Global import price peaked in 2024 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was the United States ($8,832 per ton), while Iraq ($3,648 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Italy (+5.3%), while the other global leaders experienced more modest paces of growth.

Exports

World's Exports of Chocolate Bars With Fillings

In 2024, after three years of growth, there was decline in shipments abroad of chocolate bars with fillings, when their volume decreased by -3.7% to 1M tons. The total export volume increased at an average annual rate of +2.3% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 9% against the previous year. The global exports peaked at 1.1M tons in 2023, and then fell in the following year.

In value terms, chocolate bar with filling exports stood at $6.6B in 2024. Overall, total exports indicated a noticeable increase from 2013 to 2024: its value increased at an average annual rate of +4.1% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +48.7% against 2020 indices. The most prominent rate of growth was recorded in 2023 with an increase of 22%. The global exports peaked in 2024 and are likely to see steady growth in years to come.

Exports By Country

The Netherlands (179K tons) and Germany (177K tons) were the largest exporters of chocolate bars with fillings in 2024, recording approx. 17% and 17% of total exports, respectively. It was distantly followed by Poland (86K tons), Mexico (63K tons) and Turkey (54K tons), together mixing up a 19% share of total exports. Canada (41K tons), Austria (39K tons), Russia (36K tons), the United States (34K tons) and Italy (26K tons) held a minor share of total exports.

From 2013 to 2024, the biggest increases were recorded for Mexico (with a CAGR of +23.6%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($1.4B), the Netherlands ($1.1B) and Poland ($513M) appeared to be the countries with the highest levels of exports in 2024, with a combined 46% share of global exports.

Poland, with a CAGR of +13.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average chocolate bar with filling export price stood at $6,320 per ton in 2024, picking up by 4.7% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2023 when the average export price increased by 19%. Over the period under review, the average export prices attained the peak figure in 2024 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($8,973 per ton), while Mexico ($845 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.5%), while the other global leaders experienced more modest paces of growth.