Canada Chocolate Market Overview, 2027

Canada Chocolate Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition, Forecast & Opportunities.

"Dark chocolate sales in Canada have experienced robust growth in recent years, driven by the increasing popularity of this indulgent treat among Canadian consumers. Dark chocolate, with its rich and complex flavor profile, has become a preferred choice for chocolate enthusiasts looking for a more intense and sophisticated taste experience. The health consciousness of Canadian consumers has played a significant role in driving the demand for dark chocolate. Dark chocolate is known for its potential health benefits, including its antioxidant properties and potentially positive effects on cardiovascular health. Many Canadians appreciate the lower sugar content and higher cocoa content in dark chocolate, making it a desirable option for those seeking a healthier indulgence. In recent years, there has been a growing emphasis on premium and artisanal dark chocolates in the Canadian market. Artisanal chocolate makers have gained recognition for their craftsmanship, attention to detail, and unique flavor combinations. These small-batch producers often source high-quality cocoa beans and prioritize ethical and sustainable practices, appealing to consumers who value quality, authenticity, and supporting local businesses. Additionally, Canadian dark chocolate manufacturers have embraced sustainability and ethical sourcing practices. They prioritize working with suppliers who adhere to fair trade principles, ensuring that the cocoa used in their products is responsibly sourced and supporting the well-being of cocoa farmers and communities. According to the research report ""Canada Chocolate Market Overview, 2027,"" published by Bonafide Research, it is expected that the chocolate market will grow rapidly over the forecast period. The major driving force is an increase in demand for dark chocolate as consumers are inclined towards healthy eating habits. Milk chocolates will be less popular in the future than dark or white chocolates. The key chocolate players are actively pondering launching new products and expansion. Countries like Ghana, Nigeria, Canada, Indonesia, etc. account for the world's largest cocoa supply. Customers have returned for more because of the unique products that include natural and organic ingredients. The production of cocoa beans is highly affected by increased weather uncertainties as it requires a hot and humid climate to grow, which acts as a market restraint. Box chocolates have been viewed as a growing trend in the chocolate market in the last couple of years. From bean to bar implies that the creator controls each progression of the creation procedure, from purchasing the cocoa beans to the formation of the chocolate bar. The 3D printing era has made sure that the chocolate market has taken on a completely new level and has impacted the chocolate industry.

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Dark chocolate offers several potential health benefits and is a rich source of antioxidants, which help protect the body against free radicals and oxidative stress. These antioxidants have been linked to reducing inflammation, improving heart health, and boosting brain function. Consuming dark chocolate in moderation may also contribute to lower blood pressure, improved blood flow, and reduced risk of heart disease. Furthermore, dark chocolate contains minerals like iron, magnesium, and copper, which are essential for various bodily functions. To enjoy the benefits of dark chocolate, it is important to choose varieties with at least 70% cocoa content and limited added sugars. Good sources of dark chocolate include reputable brands offering high-quality dark chocolate bars, as well as artisanal chocolate makers specializing in premium and single-origin chocolates. The availability of a diverse range of dark chocolate products, including local and worldwide brands and artisanal and gourmet alternatives, has aided in the growth of dark chocolate consumption in Canada. The growth of dark chocolate manufacturing and sales in Canada can be attributed to factors such as high-quality cocoa production, the influence of artisanal traditions, health and wellness trends, increasing consumer awareness, market expansion, and cultural promotion. These driving forces have created a favorable environment for the success of Mexican dark chocolate, appealing to both domestic and international markets. The online segment is anticipated to be the fastest growing over the forecast period. Increased internet penetration in the country and high adoption of online purchasing has witnessed significant growth in the past few years. The major driving factors for online sales would be Generation X, millennials, and Generation Z's parents' access to the internet and e-commerce. The pandemic had considerably affected chocolate production. The restrictions imposed led to losses for farmers growing cocoa, as the production exceeded the demands. Due to the imposed lockdown, labor immobility, and raw material scarcity, the production units faced difficulties. However, due to health reasons, consumers switched to dark chocolate during the pandemic, as it was low in calories and benefited the heart. Considered in this report ? Geography: Canada ? Base year: 2021 ? Estimated year: 2022 ? Forecast year: 2027

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Arun Kalwani

Arun Kalwani

Research Analyst

Aspects covered in this report ? The Canadian chocolate market, with its value and forecast, along with its segments ? Various drivers and challenges ? Ongoing trends and developments ? Top-profiled companies ? Strategic suggestion By type in the report ? Dark ? White ? Milk By application in the report ? Everyday ? Holiday/Gift Box ? Premium ? Gourmet

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Arun Kalwani

By Sales Channel in the report ? Supermarket & Hypermarket ? Convenience Store ? Online ? Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Chocolate Industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry."

Table of Contents

  • Table of Content
  • 1. Executive Summary
  • 2. Introduction
  • 2.1. Market Definition
  • 2.2. Market Scope & Segmentation
  • 2.3. Research Methodology
  • 3. Canada Macro Economic Indicators
  • 4. Canada Chocolate Market Category Analysis
  • 4.1. Key findings
  • 4.2. Market Drivers
  • 4.3. Market Restraints
  • 4.4. Opportunities
  • 4.5. Policies & Certification
  • 4.6. Value Chain Analysis
  • 4.7. Key Developments - 2020
  • 5. Canada Chocolate Market Trends
  • 6. Canada Chocolate Market Overview
  • 6.1. Market Size By Value
  • 6.2. Market Share
  • 6.2.1. By Type
  • 6.2.2. By Application
  • 6.2.3. By Sales Channel
  • 7. Canada Chocolate Market Segmentations
  • 7.1. Canada Chocolate Market, By Type
  • 7.1.1. Canada Chocolate Market Size, By Dark Chocolate, 2016 - 2027F
  • 7.1.2. Canada Chocolate Market Size, By White Chocolate, 2016 - 2027F
  • 7.1.3. Canada Chocolate Market Size, By Milk Chocolate, 2016 - 2027F
  • 7.2. Canada Chocolate Market, By Application
  • 7.2.1. Canada Chocolate Market Size, By Everyday, 2016 - 2027F
  • 7.2.2. Canada Chocolate Market Size, By Seasonal / Gift Box, 2016 - 2027F
  • 7.2.3. Canada Chocolate Market Size, By Premium, 2016 - 2027F
  • 7.2.4. Canada Chocolate Market Size, By Gourmet, 2016 - 2027F
  • 7.3. Canada Chocolate Market, By Sales Channel
  • 7.3.1. Canada Chocolate Market Size, By Supermarket & Hypermarket, 2016 - 2027F
  • 7.3.2. Canada Chocolate Market Size, By Convenience Stores, 2016 - 2027F
  • 7.3.3. Canada Chocolate Market Size, By Online, 2016 - 2027F
  • 7.3.4. Canada Chocolate Market Size, By Others, 2016 - 2027F
  • 8. Canada Chocolate Market Opportunity Assessment
  • 8.1. By Type, 2021F to 2027F
  • 8.2. By Application, 2021F to 2027F
  • 8.3. By Sales Channel, 2021F to 2027F
  • 9. Competitive Landscape
  • 9.1. Porter's Five Forces
  • 9.2. Company Profiles
  • 9.2.1. Company 1
  • 9.2.2. Company 2
  • 9.2.3. Company 3
  • 9.2.4. Company 4
  • 9.2.5. Company 5
  • 10. Strategic Recommendations
  • 11. Disclaimer

List of Table
Table 1: Canada Geographic Details (2020)
Table 2: Canada Chocolate Market Share By Sales Channel (2016,2021, 2027F)
Table 3: Canada Chocolate Market Size of Dark Chocolate (2016 to 2027F) (in USD Billion)
Table 4: Canada Chocolate Market Size of White Chocolate (2016 to 2027F) (in USD Billion)
Table 5: Canada Chocolate Market Size of Milk Chocolate (2016 to 2027F) (in USD Billion)
Table 6: Canada Chocolate Market Size By Everyday (2016 to 2027F) (in USD Billion)
Table 7: Canada Chocolate Market Size By Seasonal / Gift Box (2016 to 2027F) (in USD Billion)
Table 8: Canada Chocolate Market Size By Supermarket & Hypermarket (2016 to 2027F) (in USD Billion)
Table 9: Canada Chocolate Market Size By Convenience Stores (2016 to 2027F) (in USD Billion)
Table 10: Canada Chocolate Market Size By Online (2016 to 2027F) (in USD Billion)
Table 11: Canada Chocolate Market Size By Others (2016 to 2027F) (in USD Billion)
Table 12: Key Facts By Company 1
Table 13: Key Facts By Company 2
Table 14: Key Facts By Company 3
Table 15: Key Facts By Company 4
Table 16: Key Facts By Company 5

List of Figures
Figure 1: Canada Chocolate Market Size By Value 2016 to 2027F (In USD Billions)
Figure 2: Canada Chocolate Market Share By Type (2016, 2021 & 2027F)
Figure 3: Canada Chocolate Market Share By Application (2016, 2021 & 2027F)
Figure 4: Market Attractiveness Index, By Type
Figure 5: Market Attractiveness Index, By Application
Figure 6: Market Attractiveness Index, By Sales Channel
Figure-7: Porter's Five Forces Meter By Canada Chocolate Market

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Canada Chocolate Market Overview, 2027

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