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Canada Chocolate Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The Canada Chocolate Market is segmented by Confectionery Variant (Dark Chocolate, Milk and White Chocolate) and by Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others). Market Value in USD and Volume are both presented. Key data points observed include market segmental split by confections, confectionery variant, sugar content, and distribution channel.

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Canada Chocolate Market Size

Canada Chocolate Market Summary
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svg icon Study Period 2018 - 2030
svg icon Market Size (2024) USD 3.65 Billion
svg icon Market Size (2030) USD 5.24 Billion
svg icon Largest Share by Distribution Channel Supermarket/Hypermarket
svg icon CAGR (2024 - 2030) 6.23 %
svg icon Fastest Growing by Distribution Channel Online Retail Store
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Canada Chocolate Market Analysis

The Canada Chocolate Market size is estimated at 3.65 billion USD in 2024, and is expected to reach 5.24 billion USD by 2030, growing at a CAGR of 6.23% during the forecast period (2024-2030).

3.65 Billion

Market Size in 2024 (USD)

5.24 Billion

Market Size in 2030 (USD)

6.19 %

CAGR (2018-2023)

6.23 %

CAGR (2024-2030)

Largest Segment by Confectionery Variant

70.49 %

value share, Milk and White Chocolate, 2023

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The innovative unique flavor offerings, and premiumization associated white chocolate, along with varied taste profiles in the region, are anticipated to drive segment growth.

Largest Segment by Distribution Channel

46.65 %

value share, Supermarket/Hypermarket, 2023

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The growth of supermarkets in the region is largely driven by the existence of an inviting place for customers to shop, as they are constantly drawn to make large purchases.

Fastest-growing Segment by Confectionery variant

6.76 %

Projected CAGR, Dark Chocolate, 2024-2030

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Rising awareness among consumers about dark chocolate's nutritional content, premiumization and stress-relieving ability is anticipated to drive the demand in the region.

Fastest-growing Segment by Distribution Channel

7.07 %

Projected CAGR, Online Retail Store, 2024-2030

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The increased adoption of e-commerce platforms among consumers and the growing presence of online retailers are anticipated to drive the segment during the forecast period.

Leading Market Player

13.55 %

market share, The Hershey Company, 2022

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Product diversity in terms of innovative chocolate products for a wide range of consumers in the region is allowing The Hershey Company to occupy a market share.

Supermarkets and hypermarkets account for more than 40% of the market share as consumers prefer these channels for a quick and easy shopping experience

  • Supermarkets have become one of the most popular places to shop for various chocolates, including milk and dark chocolate. Shopping at a supermarket is typically a quicker and easier experience than shopping at a smaller store. Supermarkets have larger spaces, making it easy for consumers to find chocolates in various sizes. Supermarkets and hypermarkets are considered the primary sales channels for chocolates in Canada. The sales value of chocolates in supermarkets and hypermarkets increased by 5.8% in 2023 from 2022.
  • Other distribution channels are the second-largest retail segment in chocolate sales in Canada. Specialty stores, warehouse clubs, drug stores/pharmacies, vending machines, direct selling, and forecourt retailers make up the other distribution channels. These retail channels registered a growth rate of 13.2% from 2021 to 2023. The sales are primarily driven by the ease of access and all-day availability of the outlets.
  • Convenience stores are considered one of the country's major sales channels for chocolates. Convenience stores are known for ease of access; most are open 24 hours a day and 7 days a week across the country. This increases the sales of chocolates till the last minute of purchase on a certain day. The sales value of chocolates in convenience stores is anticipated to grow by 28.7% by 2026 from 2022.
  • Online retail channels are expected to grow at the highest rate in the forecast period due to factors such as convenience, discounted rates, one-day delivery options, and others. The sales value of chocolates through online retail channels is expected to record a CAGR of 7.13% from 2023 to 2029.
Canada Chocolate Market

Canada Chocolate Market Trends

Growing per capita consumption supported by the health benefits associated with chocolates drove the segment’s sales

  • Chocolates remain the most consumed confectionery in Canada. In 2023, the average consumption of chocolate was 6.4 kg per person or 160 bars per person in a year, which made Canada one of the largest consumers of chocolate in the world.
  • The product’s format is one of the major factors affecting consumers’ impressions, which determines the likelihood of purchasing. Health-conscious customers seek out better-for-you treats as they become more aware of immunity and self-care, which, in turn, has contributed to the popularity of portion-controlled product formats, such as minis, bites, squares, and blocks.
  • Economic factors are a significant attribute influencing chocolate-buying behaviors among consumers in Canada. Consumer demand for indulgence and reasonably priced luxury is still very high. With the varied price ranges of chocolates and prices being more susceptible to inflation, a high impact is likely to be seen on consumers' buying decisions.
  • In Canada, the consumption of chocolate is generally viewed from a health perspective with a mix of opinions. While chocolate is a popular treat enjoyed by many, there are considerations regarding its health benefits.

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • In Canada, consumers prefer less cocoa mass and more sugar content in their chocolate

Canada Chocolate Industry Overview

The Canada Chocolate Market is moderately consolidated, with the top five companies occupying 54.75%. The major players in this market are Chocoladefabriken Lindt & Sprüngli AG, Ferrero International SA, Mondelēz International Inc., Nestlé SA and The Hershey Company (sorted alphabetically).

Canada Chocolate Market Leaders

  1. Chocoladefabriken Lindt & Sprüngli AG

  2. Ferrero International SA

  3. Mondelēz International Inc.

  4. Nestlé SA

  5. The Hershey Company

Canada Chocolate Market Concentration

Other important companies include Alfred Ritter GmbH & Co. KG, La Siembra Co-operative Inc., Laura Secord SEC, Mars Incorporated, Newfoundland Chocolate Company, Palette de Bine, Purdys Chocolatier, Qantu Chocolate, Roger's Chocolate, Soma Chocolate.

*Disclaimer: Major Players sorted in alphabetical order.

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Canada Chocolate Market News

  • October 2023: Camino Chocolates released a new line of biodegradable and compostable wood pulp inner wrappers for its chocolate bars. The new wood pulp packaging is from responsibly managed forests and is certified by the Forest Certification Council (FSC).
  • March 2023: Camino Chocolates announced the launch of two milk-style, plant-based chocolate bars made with oat milk. The two new flavors —Hazelnuts & Salted Caramel and Creamy Chocol-oat —are great options for milk chocolate lovers who are looking for plant-based and ethical options.
  • January 2023: Ritter Sport launched a Travel Retail Edition Vegan Tower 5x100 g set globally, offering three varieties of non-dairy chocolate in a five-pack. The travel edition assortment's flavors include Smooth Chocolate, Roasted Peanut, and Salted Caramel, which were introduced in domestic markets in January 2023.

Free with this Report

We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the confectionery industry. With the help of 45+ free charts, clients can access in-depth market analysis based on price trend analysis of confectionery ingredients and per capita consumption of confections, through granular-level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on confections, confectionery variants, sugar content, insights into consumer preferences and purchasing patterns, an overview of key market players, etc., are available in the form of comprehensive reports as well as excel-based data worksheets.

Canada Chocolate Market
Canada Chocolate Market
Canada Chocolate Market
Canada Chocolate Market

Canada Chocolate Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Regulatory Framework

    2. 2.2. Consumer Buying Behavior

    3. 2.3. Ingredient Analysis

    4. 2.4. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 3.1. Confectionery Variant

      1. 3.1.1. Dark Chocolate

      2. 3.1.2. Milk and White Chocolate

    2. 3.2. Distribution Channel

      1. 3.2.1. Convenience Store

      2. 3.2.2. Online Retail Store

      3. 3.2.3. Supermarket/Hypermarket

      4. 3.2.4. Others

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. Alfred Ritter GmbH & Co. KG

      2. 4.4.2. Chocoladefabriken Lindt & Sprüngli AG

      3. 4.4.3. Ferrero International SA

      4. 4.4.4. La Siembra Co-operative Inc.

      5. 4.4.5. Laura Secord SEC

      6. 4.4.6. Mars Incorporated

      7. 4.4.7. Mondelēz International Inc.

      8. 4.4.8. Nestlé SA

      9. 4.4.9. Newfoundland Chocolate Company

      10. 4.4.10. Palette de Bine

      11. 4.4.11. Purdys Chocolatier

      12. 4.4.12. Qantu Chocolate

      13. 4.4.13. Roger's Chocolate

      14. 4.4.14. Soma Chocolate

      15. 4.4.15. The Hershey Company

  7. 5. KEY STRATEGIC QUESTIONS FOR CONFECTIONERY CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, CANADA, 2018 - 2030
  1. Figure 2:  
  2. VALUE OF CHOCOLATE MARKET, USD, CANADA, 2018 - 2030
  1. Figure 3:  
  2. VOLUME OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, METRIC TONNES, CANADA, 2018 - 2030
  1. Figure 4:  
  2. VALUE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, USD, CANADA, 2018 - 2030
  1. Figure 5:  
  2. VOLUME SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, %, CANADA, 2018 VS 2024 VS 2030
  1. Figure 6:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, %, CANADA, 2018 VS 2024 VS 2030
  1. Figure 7:  
  2. VOLUME OF DARK CHOCOLATE MARKET, METRIC TONNES, CANADA, 2018 - 2030
  1. Figure 8:  
  2. VALUE OF DARK CHOCOLATE MARKET, USD, CANADA, 2018 - 2030
  1. Figure 9:  
  2. VALUE SHARE OF DARK CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, CANADA, 2023 VS 2030
  1. Figure 10:  
  2. VOLUME OF MILK AND WHITE CHOCOLATE MARKET, METRIC TONNES, CANADA, 2018 - 2030
  1. Figure 11:  
  2. VALUE OF MILK AND WHITE CHOCOLATE MARKET, USD, CANADA, 2018 - 2030
  1. Figure 12:  
  2. VALUE SHARE OF MILK AND WHITE CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, CANADA, 2023 VS 2030
  1. Figure 13:  
  2. VOLUME OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, CANADA, 2018 - 2030
  1. Figure 14:  
  2. VALUE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, USD, CANADA, 2018 - 2030
  1. Figure 15:  
  2. VOLUME SHARE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, CANADA, 2018 VS 2024 VS 2030
  1. Figure 16:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, CANADA, 2018 VS 2024 VS 2030
  1. Figure 17:  
  2. VOLUME OF CHOCOLATE MARKET SOLD VIA CONVENIENCE STORE, METRIC TONNES, CANADA, 2018 - 2030
  1. Figure 18:  
  2. VALUE OF CHOCOLATE MARKET SOLD VIA CONVENIENCE STORE, USD, CANADA, 2018 - 2030
  1. Figure 19:  
  2. VALUE SHARE OF CHOCOLATE MARKET SOLD VIA CONVENIENCE STORE BY CONFECTIONERY VARIANTS, %, CANADA, 2023 VS 2030
  1. Figure 20:  
  2. VOLUME OF CHOCOLATE MARKET SOLD VIA ONLINE RETAIL STORE, METRIC TONNES, CANADA, 2018 - 2030
  1. Figure 21:  
  2. VALUE OF CHOCOLATE MARKET SOLD VIA ONLINE RETAIL STORE, USD, CANADA, 2018 - 2030
  1. Figure 22:  
  2. VALUE SHARE OF CHOCOLATE MARKET SOLD VIA ONLINE RETAIL STORE BY CONFECTIONERY VARIANTS, %, CANADA, 2023 VS 2030
  1. Figure 23:  
  2. VOLUME OF CHOCOLATE MARKET SOLD VIA SUPERMARKET/HYPERMARKET, METRIC TONNES, CANADA, 2018 - 2030
  1. Figure 24:  
  2. VALUE OF CHOCOLATE MARKET SOLD VIA SUPERMARKET/HYPERMARKET, USD, CANADA, 2018 - 2030
  1. Figure 25:  
  2. VALUE SHARE OF CHOCOLATE MARKET SOLD VIA SUPERMARKET/HYPERMARKET BY CONFECTIONERY VARIANTS, %, CANADA, 2023 VS 2030
  1. Figure 26:  
  2. VOLUME OF CHOCOLATE MARKET SOLD VIA OTHERS, METRIC TONNES, CANADA, 2018 - 2030
  1. Figure 27:  
  2. VALUE OF CHOCOLATE MARKET SOLD VIA OTHERS, USD, CANADA, 2018 - 2030
  1. Figure 28:  
  2. VALUE SHARE OF CHOCOLATE MARKET SOLD VIA OTHERS BY CONFECTIONERY VARIANTS, %, CANADA, 2023 VS 2030
  1. Figure 29:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, CANADA, 2018 - 2023
  1. Figure 30:  
  2. MOST ADOPTED STRATEGIES, COUNT, CANADA, 2018 - 2023
  1. Figure 31:  
  2. VALUE SHARE OF MAJOR PLAYERS, %, CANADA, 2022

Canada Chocolate Industry Segmentation

Dark Chocolate, Milk and White Chocolate are covered as segments by Confectionery Variant. Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others are covered as segments by Distribution Channel.

  • Supermarkets have become one of the most popular places to shop for various chocolates, including milk and dark chocolate. Shopping at a supermarket is typically a quicker and easier experience than shopping at a smaller store. Supermarkets have larger spaces, making it easy for consumers to find chocolates in various sizes. Supermarkets and hypermarkets are considered the primary sales channels for chocolates in Canada. The sales value of chocolates in supermarkets and hypermarkets increased by 5.8% in 2023 from 2022.
  • Other distribution channels are the second-largest retail segment in chocolate sales in Canada. Specialty stores, warehouse clubs, drug stores/pharmacies, vending machines, direct selling, and forecourt retailers make up the other distribution channels. These retail channels registered a growth rate of 13.2% from 2021 to 2023. The sales are primarily driven by the ease of access and all-day availability of the outlets.
  • Convenience stores are considered one of the country's major sales channels for chocolates. Convenience stores are known for ease of access; most are open 24 hours a day and 7 days a week across the country. This increases the sales of chocolates till the last minute of purchase on a certain day. The sales value of chocolates in convenience stores is anticipated to grow by 28.7% by 2026 from 2022.
  • Online retail channels are expected to grow at the highest rate in the forecast period due to factors such as convenience, discounted rates, one-day delivery options, and others. The sales value of chocolates through online retail channels is expected to record a CAGR of 7.13% from 2023 to 2029.
Confectionery Variant
Dark Chocolate
Milk and White Chocolate
Distribution Channel
Convenience Store
Online Retail Store
Supermarket/Hypermarket
Others
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Market Definition

  • Milk and White Chocolate - Milk chocolates is a solid chocolate made with milk (in the form of either milk powder, liquid milk, or condensed milk) and cocoa solids. White chocolate is made from cocoa butter and milk and contains no cocoa solids whatsoever. The scope includes regular chocolates, low-sugar, and sugar-free variants
  • Toffees & Nougats - Toffees include hard, chewy, and small or one-bite candies marketed with labels as toffee or toffee-like confectionery. Nougat is a chewy confection with almond, sugar, and egg white as a basic ingredient; and it originated in Europe and Middle East countries.
  • Cereals Bars - A snack composed of breakfast cereal that has been compressed into a bar shape and is held together with a form of edible adhesive. The scope includes snack bars made with cereals such as rice, oats, corn, etc. mixed with a binding syrup. These also include products labeled as cereal bars, cereal treat bars, or grain bars.
  • Chewing Gum - This is a preparation for chewing, usually made of flavored and sweetened chicle or such substitutes as polyvinyl acetate. The types of chewing gums included in the scope are sugar-chewing gums and sugar-free chewing gums
Keyword Definition
Dark Chocolate Dark chocolate is a form of chocolate containing cocoa solids and cocoa butter without the milk.
White Chocolate White chocolate is the type of chocolate containing the highest percentage of milk solids, typically around or over 30 percent.
Milk Chocolate Milk chocolate is made from dark chocolate that has a low cocoa solid content and higher sugar content, plus a milk product.
Hard Candy A candy made of sugar and corn syrup boiled without crystallizing.
Toffees A hard, chewy, often brown sweet that is made from sugar boiled with butter.
Nougats A chewy or brittle candy containing almonds or other nuts and sometimes fruit.
Cereal bar A cereal bar is a bar-shaped food product, made by pressing cereals and usually dried fruit or berries, which are in most cases held together by glucose syrup.
Protein bar Protein bars are nutrition bars that contain a high proportion of protein to carbohydrates/fats.
Fruit & Nut bar These are often based on dates with other dried fruit and nut additions and, in some cases, flavorings.
NCA The National Confectioners Association is an American trade organization that promotes chocolate, candy, gum and mints, and the companies that make these treats.
CGMP Current good manufacturing practices are those conforming to the guidelines recommended by relevant agencies.
Unstandardized foods Unstandardized foods are those that do not have a standard of identity or that deviate from a prescribed standard in any manner.
GI The glycemic index (GI) is a way of ranking carbohydrate-containing foods based on how slowly or quickly they are digested and increase blood glucose levels over a period of time
Skimmed milk powder Skimmed milk powder is obtained by removing water from pasteurized skim milk by spray-drying.
Flavanols Flavanols are a group of compounds found in cocoa, tea, apples, and many other plant-based foods and beverages.
WPC Whey protein concentrate- the substance obtained by the removal of sufficient nonprotein constituents from pasteurized whey so that the finished dry product contains greater than 25% protein.
LDL Low density Lipoprotein- the bad cholesterol
HDL High density Lipoprotein- the good cholesterol
BHT butylated Hydroxytoluene is a lab-made chemical that is added to foods as a preservative.
Carrageenan Carrageenan is an additive used to thicken, emulsify, and preserve foods and drinks.
Free form Not containing certain ingredients, such as gluten, dairy, or sugar.
Cocoa butter It is a fatty substance obtained from cocoa beans, used in the manufacture of confectionery.
Pastellies A type of of Brazilian candy made from sugar, eggs, and milk.
Draggees Small, round candies that are coated with a hard sugar shell
CHOPRABISCO Royal Belgian Association of the chocolate, pralines, biscuit, and confectionery industry- A trade association that represents the Belgian chocolate industry.
European Directive 2000/13 A European Union directive that regulates the labeling of food products
Kakao-Verordnung The German chocolate ordinance, a set of regulations that define what can be labeled as "chocolate" in Germany.
FASFC Federal Agency for the Safety of the Food Chain
Pectin A natural substance that is derived from fruits and vegetables. It is used in confectionery to create a gel-like texture.
Invert sugars A type of sugar that is made up of glucose and fructose.
Emulsifier A substance that helps to mix to liquids that does not mix together.
Anthocyanins A type of flavonoid that is responsible for the red, purple, and blue colors of confectionery.
Functional Foods Foods that have been modified to provide additional health benefits beyond basic nutrition.
Kosher certificate This certification verifies that the ingredients, production process including all machinery, and/or food-service process complies with the standards of Jewish dietary law
Chicory root extract A natural extract from the chicory root that is a good source of fiber, calcium, phosphorous, and folate
RDD Recommended daily dose
Gummies A chewy gelatin-based candy that is often flavored with fruit.
Nutraceuticals Food or dietary supplements that are claimed to have health benefits.
Energy bars Snack bars that are high in carbohydrates and calories are designed to provide energy on the go.
BFSO Belgian Food Safety Organization for the food chain.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.​
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.​
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.​
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Canada Chocolate Market Research FAQs

The Canada Chocolate Market size is expected to reach USD 3.65 billion in 2024 and grow at a CAGR of 6.23% to reach USD 5.24 billion by 2030.

In 2024, the Canada Chocolate Market size is expected to reach USD 3.65 billion.

Chocoladefabriken Lindt & Sprüngli AG, Ferrero International SA, Mondelēz International Inc., Nestlé SA and The Hershey Company are the major companies operating in the Canada Chocolate Market.

In the Canada Chocolate Market, the Supermarket/Hypermarket segment accounts for the largest share by distribution channel.

In 2024, the Online Retail Store segment accounts for the fastest growing by distribution channel in the Canada Chocolate Market.

In 2023, the Canada Chocolate Market size was estimated at 3.65 billion. The report covers the Canada Chocolate Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Chocolate Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Canada Chocolate Industry Report

Statistics for the 2023 Canada Chocolate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Chocolate analysis includes a market forecast outlook to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Canada Chocolate Market Report Snapshots

Canada Chocolate Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030