The South Africa chocolate confectionery market is poised for moderate growth, projected to increase from USD 1,049.4 million in 2023 to USD 1,683.9 million by 2029, achieving a CAGR of 8.2% during the forecast period. South Africa’s chocolate confectionery market is thriving, driven by rising disposable incomes and a growing middle class with a penchant for premium and high-quality chocolate products. As consumer tastes evolve, there is a growing preference for dark chocolate and artisanal varieties. Gifting chocolates during festive seasons, such as Christmas, Easter, and Valentine’s Day, significantly contributes to seasonal market growth, further fueling demand.
This report presents a detailed overview of the South Africa chocolate confectionery industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product type, type and distribution channel. This detailed analysis supports the identification of growth opportunities within the chocolate confectionery industry.
Market Segmentation
The South Africa chocolate confectionery market is structured as follows:
Product type: boxed chocolates, countlines, pouches and bags, tablets, chocolate with toys, seasonal chocolates
Type: regular, sugar-free
Distribution channel: convenience stores, forecourt stores, supermarkets and hypermarkets, discounters, warehouse clubs, food and drinks stores, grocery stores, vending, e-commerce, others
The chocolate confectionery market in the South Africa is segmented by product type, type and distribution channel. The categorization of the market by product type includes boxed chocolates, countlines, pouches and bags, tablets, chocolate with toys, and seasonal chocolates. Type segments are divided into regular, and sugar-free. Distribution channel segmentation comprises convenience stores, forecourt stores, supermarkets and hypermarkets, discounters, warehouse clubs, food and drinks stores, grocery stores, vending, e-commerce, and others.
Competitive Landscape
Within the competitive landscape, significant companies profiled in the report include Tiger Brands Limited, Nestle S.A., Mondelez International Inc., Merisant Company, Mars Incorporated, Ferrero International S.A. and Chocoladefabriken Lindt & Sprungli AG. The report provides a detailed assessment of prominent companies within the chocolate confectionery market, tracking their performance from 2019 to 2023. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Africa chocolate confectionery market.
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Gain deep insights into the dynamics of the South Africa chocolate confectionery market.
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Anticipate the future trajectory of the South Africa chocolate confectionery market with informed projections.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
South Africa Chocolate Confectionery Market – Product Type Analysis
South Africa Chocolate Confectionery Market – Type Analysis
South Africa Chocolate Confectionery Market – Distribution Channel Analysis
Key Players and Market Share
– Tiger Brands Limited
– Nestle S.A.
– Mondelez International Inc.
– Merisant Company
– Mars, Incorporated
– Ferrero International S.A.
– Chocoladefabriken Lindt & Sprungli AG
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table South Africa Chocolate Confectionery Market 2019-2029
Chart South Africa Chocolate Confectionery Market, Net Growth, 2019-2029
Chart South Africa Chocolate Confectionery Market, Growth Rates, 2019-2029
Table South Africa Chocolate Confectionery Market by Product Type, 2019-2029
Chart South Africa Chocolate Confectionery Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart South Africa Chocolate Confectionery Market by Product Type, 2019-2029
Table South Africa Chocolate Confectionery Market by Type, 2019-2029
Chart South Africa Chocolate Confectionery Market by Type, CAGR Historic and Forecast, 2019-2029
Chart South Africa Chocolate Confectionery Market by Type, 2019-2029
Table South Africa Chocolate Confectionery Market by Distribution Channel, 2019-2029
Chart South Africa Chocolate Confectionery Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart South Africa Chocolate Confectionery Market by Distribution Channel, 2019-2029
Table South Africa Chocolate Confectionery Market Share (%), by Companies, 2019-2023
Chart South Africa Chocolate Confectionery Market, by Companies, 2023
Table South Africa Chocolate Confectionery Market Share (%), by Brands, 2019-2023
Chart South Africa Chocolate Confectionery Market, by Brands, 2023
Table South Africa – Population (Millions) and Forecast
Table South Africa – Consumer Price Index (CPI) and Forecast
Table South Africa – Gross Domestic Product and Forecast
Table South Africa Chocolate Confectionery Market: Spend as a Proportion of GDP (%)
Table South Africa Chocolate Confectionery Market: Consumption per Capita (Population)
Companies Mentioned
Tiger Brands Limited
Nestle S.A.
Mondelez International Inc.
Merisant Company
Mars, Incorporated
Ferrero International S.A.
Chocoladefabriken Lindt & Sprungli AG