Who is the consumer and what do they want? MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. Please connect with our analyst, who will ensure you get a report that suits your needs 1. Chocolate - covers all chocolate based products, including boxed chocolates, molded chocolate bars, chocolate covered bars whether in single bars or bite-sized versions sold in multipacks, seasonal. Fluctuation in prices of raw materials, growth in health awareness among consumers about sugar intake, and diverse consumer spending habits limit the confectionery market growth. The company has introduced the kinder toys within the chocolates and strategies such as blue chocolates and pink chocolates aimed at boys and girls respectively. Get more information on this report : Product innovation in terms of formulations, processing, and packaging is the major factor that drives the growth of the confectionery industry.
Type Insights The market, on the basis of type is segmented into milk, dark, and white chocolates. The segment also includes a small portion of sales of nonchocolate items. The major restraints identified in this report are raw material prices and the dependency of the industry on unstable economies for cocoa supply. Switzerland , The Hershey Company U. However, the growing inspiration from the artisan segment is also relatively new, Cargill added. Ferrero announced in July that it will double its Fairtrade-sourced cocoa over the next three years. The regions are politically unstable and production is frequently disrupted by fighting.
In 2015, chocolate confectionery showed the highest growth rate, accounting for more than one-third of the market, in terms of revenue, owing to innovation and product quality. Tony Chocoloney recently introduced a limited edition chocolate bar with white chocolate, carrot and walnut. The regulatory standards of some developed regions are also triggering the growth of the chocolate market. The report discusses the major chocolate markets in the above-mentioned geographies along with key industry events such as new product launches, mergers and acquisitions, and agreements. For many of the small, regional farmers that is too much time to invest without a return that may never come. Bargaining Power of Buyers 3.
Market Size and Forecast 4. It identifies the leading companies, the leading brands and offers strategic analysis. These comparative benchmarks allow the reader to. These stores act as global marketing tool, which assists in building an impressive premium image and increase brand exposure of wide variety of confectionery products. Such advertising and marketing strategies are bound to increase the demand for chocolate confectionery products over the forecast period. On the contrary, with growing demand for healthy products, the global chocolate industry is going through a perception crisis moreover, the rising cocoa prices could be few of the major restraining factors in the growth of this market in the coming years.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections. However, as per the Financial Times, in 2017 the prices of cocoa beans fell by around 40%. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The objective of report is to highlight key market trends which can be strategically useful and actionable for the stakeholders; i. New product innovation focused on health and packaging are the main strategy adopted by the key player. This platform resulted in the company receiving over 2.
New gum and mint hybrid products such as Ice Breakers Cool Blasts Chews are introduced in the market, which dissolve rapidly in mouth, and subsequently does not require customers to deal with waste disposal. This powerful growth in demand - both locally and globally - is poorly matched against an unpredictable supply. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Coenrad Van Houten used his expertise as a Dutch cocoa manufacturer to use a pressing technique to remove the majority of the cocoa butter from the bean in 1828. Regional Insights Europe dominated the market in 2016. It also evaluates the prime elements at play in the market. Product innovation, strong marketing campaigns, and retail market expansion drive the development of confectionery market.
South Korea , Dongguan Hsu-Fu-Chi Food Co. Milk chocolate is the most popular product worldwide with a major share in the market. It provides the latest retail sales data, allowing you to identify the sectors driving growth. Chocolate confectionery items are popular gifting options especially during holiday seasons and festivals such as Christmas and Easter. The milk chocolate segment held the dominant market share in 2016. Countline includes chocolate bars, which are consumed as snacks and treat.
Rising shift of consumers towards taste preferences and increasing spending on chocolate and other confectionary products, prominently in developing countries are driving the market growth. Inform your marketing, brand, strategy and market development, sales and supply functions. Most people either want to get a taste of that chocolate goodness, or just finished having one. It identifies the leading companies, the leading brands and offers strategic analysis. For example, when you search for a film, we use your search information and location to show the most relevant cinemas near you. European manufactures generally maintained a high focus on the taste of chocolate rather than the business side and economy behind the chocolate industry. Particularly in the western world and increasingly in the eastern, it is a hugely popular ingredient or main event for desserts and even meals.
The cocoa beans prices had been steadily increasing over the past few years. Market size comprises sales through all retail channels including direct to consumer. Europe and Asia-Pacific collectively contributed more than half of the share to the global confectionery market revenue in 2015. Market Size and Forecast 4. Oath will also provide you personalised ads on partner products.
Europe is a significant market for seasonal chocolate sale owing to the Easter celebration. Confectionery market is segmented on the basis of type and region. Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. . Dark chocolate has registered a strong performance over the last few years because of its ability to fit the healthy but indulgent brief, but future growth is expected to slow as the category matures.