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.

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

Canada Chocolate Market Size

Canada Chocolate Market Summary
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
Market Size (2024) USD 3.65 Billion
Market Size (2030) USD 5.24 Billion
CAGR (2024 - 2030) 6.23 %
Market Concentration Medium

Major Players

Canada Chocolate Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Canada Chocolate Market with other markets in Food & Beverage Industry

Beverages

Food

Food Ingredients and Food Additives

Food Supplements

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).

Canada's chocolate industry demonstrates robust consumer engagement, with consumption patterns reflecting strong market demand. In 2022, Canadians consumed an average of 6.4 kg of chocolate products per person, equivalent to approximately 160 chocolate bars annually, positioning Canada among the top ten chocolate-consuming nations globally. The chocolate manufacturing landscape has evolved significantly, with approximately 135 businesses directly involved in chocolate production and an additional 262 firms engaged in confectionery manufacturing from purchased chocolate as of 2022. This diverse manufacturing base has contributed to product innovation and variety, particularly in the premium chocolate and artisanal chocolate segments.


The retail landscape for retail chocolate distribution continues to evolve, with supermarkets and hypermarkets maintaining their dominance while adapting to changing consumer preferences. In 2023, supermarket and hypermarket chocolate sales demonstrated strong performance with a 5.8% increase from the previous year, reflecting the channel's effectiveness in meeting consumer demands. The convenience store sector has also shown significant presence, with over 10,078 stores serving approximately 10 million customers daily across Canada in 2022, highlighting the importance of accessibility and immediate availability in chocolate purchases.


Digital transformation is reshaping chocolate retail dynamics, supported by Canada's high internet penetration rate of 96.5% and 36.89 million internet users as of 2022. The shift toward digital purchasing has been particularly notable in payment preferences, with 59% of Canadian shoppers utilizing credit cards for online chocolate purchases in 2022. This digital evolution has enabled chocolate manufacturers and retailers to implement sophisticated online marketing strategies and personalized shopping experiences, contributing to the growth of e-commerce sales.


The industry has witnessed significant developments in sustainable and ethical sourcing practices, with major manufacturers implementing comprehensive sustainability programs. Companies are increasingly focusing on transparent supply chains, fair trade practices, and environmentally conscious packaging solutions. This trend is particularly evident in the premium segment, where bean-to-bar chocolatiers are gaining prominence by offering single-origin products and emphasizing direct relationships with cocoa farmers. The industry's commitment to sustainability is reflected in initiatives such as recyclable packaging adoption and the increasing availability of organic and fair-trade certified products.

Segment Analysis: Confectionery Variant

Milk and White Chocolate Segment in Canada Chocolate Market

The milk and white chocolate segment dominates the Canadian chocolate market, accounting for approximately 73% of the total market volume in 2024. This significant market share can be attributed to the widespread consumer preference for milk chocolate's sweeter taste profile and smoother texture. In Canada, milk chocolate must contain a minimum cocoa mass of 25% according to regulatory requirements, resulting in different taste variations among products. Major companies like Mars Inc., Nestlé SA, Mondelez International, and Chocoladefabriken Lindt & Sprüngli AG are focusing on sustainable chocolate packaging initiatives, aiming to make their chocolate packaging 100% recyclable or reusable. The segment's strong performance is further supported by increasing demand for premium chocolate and artisanal chocolates, along with growing consumer awareness of the health benefits associated with milk chocolate consumption, including improved memory, skin health benefits, and cardiovascular advantages.

Market Analysis of Canada Chocolate Market: Chart for Confectionery Variant

Dark Chocolate Segment in Canada Chocolate Market

The dark chocolate segment is emerging as the fastest-growing category in the Canadian chocolate market, projected to grow at approximately 7% CAGR from 2024 to 2029. This growth is primarily driven by increasing consumer awareness of dark chocolate's nutritional benefits and its perception as a healthier alternative to other chocolate varieties. The popularity of portion-controlled product formats such as minis, bites, squares, and blocks has significantly contributed to this growth trajectory. Dark chocolate products with 71-75% cacao percentage have emerged as the most popular form in the country, reflecting consumer preferences for higher cocoa content. The segment's growth is further supported by the expanding distribution network, particularly through online retail channels, which are providing wider access to premium dark chocolate products across Canada.

Segment Analysis: Distribution Channel

Supermarket/Hypermarket Segment in Canada Chocolate Market

Supermarkets and hypermarkets represent the dominant distribution channel in Canada's chocolate market, commanding approximately 30% of the total market value in 2024. The segment's leadership position is attributed to several key factors, including the extensive presence of major retail chains like Metro Inc., Loblaws, Sobeys, and Walmart across the country. These retail outlets offer consumers a comprehensive selection of chocolate products, from premium chocolate to mainstream brands, along with attractive promotional offers and discounts. The proximity factor of these channels, especially in large and developed cities, gives them a significant advantage in influencing consumer purchasing decisions. Additionally, these retail chains provide various benefits including membership programs, delivery services, and the ability to physically inspect products before purchase, which has significantly contributed to their market dominance.

Online Retail Store Segment in Canada Chocolate Market

The online retail channel is emerging as the most dynamic segment in Canada's chocolate market, projected to grow at approximately 7% CAGR from 2024 to 2029. This remarkable growth is driven by several factors, including the increasing internet penetration rate, which stood at 96.5% of the total population, and the growing preference for convenient shopping experiences. Major online retail platforms such as Amazon, Walmart, Instacart, and Real Canadian Superstore are enhancing their digital presence by offering a wider selection of premium and artisanal chocolate compared to traditional brick-and-mortar stores. These platforms are also implementing various customer-centric initiatives such as instant discounts, cashback offers, and convenient payment options through credit cards and digital wallets, making online chocolate shopping more attractive to consumers.

Remaining Segments in Distribution Channel

The convenience store and other distribution channels continue to play vital roles in Canada's chocolate market. Convenience stores provide 24/7 accessibility and last-minute purchase options, making them particularly appealing for impulse buyers and those seeking immediate satisfaction. The 'Others' category, which includes specialty stores, warehouse clubs, drug stores/pharmacies, vending machines, and forecourt retailers, offers unique value propositions such as bulk buying options, specialized premium chocolate selections, and personalized customer service. These channels are particularly important in serving specific consumer segments and maintaining the diverse distribution landscape of the chocolate market in Canada.

Canada Chocolate Industry Overview

Top Companies in Canada Chocolate Market

The Canadian chocolate market is characterized by continuous product innovation and strategic expansion initiatives from major players. Canadian chocolate brands are actively developing new flavors, sustainable packaging solutions, and healthier alternatives like vegan and low-sugar options to meet evolving consumer preferences. Operational agility is demonstrated through the establishment of specialized production facilities and the adoption of advanced chocolate manufacturing processes to maintain product quality. Strategic moves include partnerships with sports organizations, retail expansions through specialty stores, and collaborations with local artisans to strengthen market presence. Companies are also focusing on digital transformation through e-commerce platforms and social media engagement, while simultaneously expanding their distribution networks through both traditional and modern retail channels. The market witnesses regular launches of premium and seasonal chocolate products, with companies investing in sustainable sourcing practices and transparent supply chain operations.

Global Leaders Dominate Canadian Chocolate Landscape

The Canadian chocolate market structure is predominantly controlled by global confectionery conglomerates, with multinational companies holding significant market share through their established brands and extensive distribution networks. These major players leverage their international expertise, research capabilities, and economies of scale to maintain market leadership, while regional specialists and artisanal chocolatiers occupy specific premium market niches. The market demonstrates a high level of consolidation among the top players, with companies like Hershey, Nestlé, Mondelez, and Lindt & Sprüngli maintaining strong positions through their diverse product portfolios and brand recognition.


The competitive dynamics are shaped by a mix of global manufacturing capabilities and local market understanding, with companies maintaining dedicated production facilities within Canada to ensure market responsiveness. While mergers and acquisitions activity is limited due to market maturity, companies focus on strategic partnerships and joint ventures to enhance their market presence. Local artisanal players like Purdys Chocolatier, Laura Secord, and Newfoundland Chocolate Company maintain their positions through premium chocolate offerings and strong regional consumer loyalty, creating a balanced market ecosystem between global and local players.

Innovation and Sustainability Drive Future Growth

Success in the Canadian chocolate market increasingly depends on companies' ability to align with emerging consumer trends while maintaining operational efficiency. Incumbent chocolate companies must focus on sustainable sourcing practices, transparent supply chains, and innovative product development to maintain their market positions. The development of premium and health-conscious offerings, including organic, vegan, and reduced-sugar variants, represents a critical growth avenue. Companies need to strengthen their direct-to-consumer channels while maintaining strong relationships with traditional retail partners, as a multi-channel presence becomes increasingly important for market success.


For contenders looking to gain market share, differentiation through unique product offerings, local sourcing partnerships, and strong sustainability credentials presents significant opportunities. The market shows limited substitution risk due to chocolate's established position in Canadian consumer preferences, though competition from alternative snacking options requires continuous product innovation. Regulatory compliance, particularly regarding labeling requirements and food safety standards, remains crucial for market participation. Success also depends on building strong distribution networks and establishing emotional connections with consumers through brand storytelling and experiential marketing initiatives.

Canada Chocolate Market Leaders

  1. Chocoladefabriken Lindt & Sprüngli AG

  2. Ferrero International SA

  3. Mondelēz International Inc.

  4. Nestlé SA

  5. The Hershey Company

  6. *Disclaimer: Major Players sorted in no particular order
Canada Chocolate Market Concentration
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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. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Regulatory Framework
  • 4.2 Consumer Buying Behavior
  • 4.3 Ingredient Analysis
  • 4.4 Value Chain & Distribution Channel Analysis

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

  • 5.1 Confectionery Variant
    • 5.1.1 Dark Chocolate
    • 5.1.2 Milk and White Chocolate
  • 5.2 Distribution Channel
    • 5.2.1 Convenience Store
    • 5.2.2 Online Retail Store
    • 5.2.3 Supermarket/Hypermarket
    • 5.2.4 Others

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 Alfred Ritter GmbH & Co. KG
    • 6.4.2 Chocoladefabriken Lindt & Sprüngli AG
    • 6.4.3 Ferrero International SA
    • 6.4.4 La Siembra Co-operative Inc.
    • 6.4.5 Laura Secord SEC
    • 6.4.6 Mars Incorporated
    • 6.4.7 Mondelēz International Inc.
    • 6.4.8 Nestlé SA
    • 6.4.9 Newfoundland Chocolate Company
    • 6.4.10 Palette de Bine
    • 6.4.11 Purdys Chocolatier
    • 6.4.12 Qantu Chocolate
    • 6.4.13 Roger's Chocolate
    • 6.4.14 Soma Chocolate
    • 6.4.15 The Hershey Company
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR CONFECTIONERY CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
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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.
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

How big is the Canada Chocolate Market?

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.

What is the current Canada Chocolate Market size?

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

Who are the key players in Canada Chocolate Market?

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.

Which segment has the biggest share in the Canada Chocolate Market?

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

Which is the fastest growing segment in the Canada Chocolate Market?

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

What years does this Canada Chocolate Market cover, and what was the market size in 2023?

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 Market Research

Mordor Intelligence offers a comprehensive analysis of the Canadian chocolate market. We leverage our extensive experience in chocolate industry research and consulting. Our detailed report examines the diverse landscape of Canadian chocolate brands. It ranges from artisanal chocolate producers to major chocolate manufacturers in Canada. The analysis covers various segments, including premium chocolate, organic chocolate, and industrial chocolate. It also explores crucial aspects of chocolate processing and chocolate manufacturing capabilities across the country.

Stakeholders gain valuable insights into chocolate market trends affecting both retail chocolate and chocolate confectionery sectors. The report, available as an easy-to-download PDF, provides an in-depth analysis of popular chocolates in Canada. This includes segments like white chocolate, dark chocolate, and milk chocolate. Our research also covers emerging opportunities in chocolate beverages, chocolate spreads, and compound chocolate categories. Additionally, it examines the growing demand for vegan chocolate and gourmet chocolate products. The comprehensive analysis helps businesses understand chocolate market size dynamics. It aids in optimizing strategic planning in the evolving Canadian chocolate companies landscape.