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Global chocolate confectionery market size from 2019 to 2027

Between 2019 and 2027, the size of the global chocolate confectionery market is projected to grow by almost 60 billion U.S. dollars.

Chocolate appreciation in Canada

In 2020, almost 30 percent of Canadians stated they bought chocolate a few times a month, making it the most common purchasing rate among Canadian consumers. It was not very common for people in Canada to buy chocolate every single day. For over half of consumers within the country, monthly chocolate spending would typically amount to anywhere between one and 15 Canadian dollars.

In the same year, Canada’s favorite brand of chocolate was Lindt, a Swiss confectionery brand. Other favorites included Cadbury, Hershey’s, and Ferrero. However, the brand name was far from the leading consideration that led Canadian consumers to purchase chocolate in 2020. What influenced shoppers the most was the flavor of the product. The price and the quality of the product were the second and third most important factors, respectively, while the brand ranked fourth.

Size of the chocolate confectionery market worldwide from 2019 to 2027

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Sources

Release date

May 2020

Region

Worldwide

Survey time period

2019

Supplementary notes

*Forecast

**Estimated by Statista using a CAGR of 4.6% provided by the source.

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Statistics on "Chocolate market in Canada"

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