Category: Chocolate
Chocolate market research reports by Euromonitor International
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Austria Chocolate Confectionery
Chocolate Confectionery in Austria Chocolate confectionery in Austria recorded slight volume growth in 2024 with current value growth remaining strong amid price increases. Average unit prices continue to rise in line with the higher cost of commodities. In particular, the steep increase in cocoa pr ... Read More
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Belgium Chocolate Confectionery
Chocolate Confectionery in Belgium In contrast to other snacks categories, unit prices in chocolate confectionery continued to increase in 2024. Manufacturers were confronted by rising cocoa prices which were passed on to consumers. With the effects of the inflation crisis still lingering Belgians p ... Read More
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Finland Chocolate Confectionery
Chocolate Confectionery in Finland Chocolate confectionery in Finland is expected to see a further increase in unit prices in 2024, which will have a negative impact on demand. As such, retail volumes are expected to stagnate during the year, while current value sales will continue to rise. Competit ... Read More
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Taiwan Chocolate Confectionery
Chocolate Confectionery in Taiwan Chocolate confectionery is set to see current value growth in Taiwan in 2024, though volume sales are expected to fall. Demand has been undermined by the fact that the habit of snacking at home is declining. Many consumers have reduced the amount of snacks they eat ... Read More
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Bosnia and Herzegovina Chocolate Confectionery
Chocolate Confectionery in Bosnia and Herzegovina Despite a growing health consciousness among Bosnian consumers, chocolate remains a beloved treat in 2024. Dark chocolate, in particular, enjoys a reputation as a healthy indulgence, further solidifying chocolate's place in the snacking landscape. Wh ... Read More
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Bulgaria Chocolate Confectionery
Chocolate Confectionery in Bulgaria Chocolate confectionery is seeing similar sales growth in 2024 to that seen in 2023, with moderate growth in retail volume terms and stronger growth in current value terms. Despite inflation stabilising, the global jump in cocoa prices started to be felt, with cho ... Read More
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New Zealand Chocolate Confectionery
Chocolate Confectionery in New Zealand Chocolate confectionery in New Zealand is grappling with significant challenges driven by record-high cocoa prices, which have surged by 250% over the past year. This dramatic price increase is largely due to reduced cocoa production in West Africa, which accou ... Read More
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Colombia Chocolate Confectionery
Chocolate Confectionery in Colombia Chocolate confectionery in Colombia is projected to see further strong, if slower, growth in retail current value sales over 2024. Retail current value sales are being spiked by a still relatively high inflation rate, as retail volume sales decline. Nonetheless, t ... Read More
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Romania Chocolate Confectionery
Chocolate Confectionery in Romania Chocolate confectionery is maintaining its strong penetration across households in Romania in 2024, thanks to such products’ indulgent qualities and the sense of wellbeing which eating chocolate can bring. However, chocolate confectionery is also facing challenges ... Read More
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Peru Chocolate Confectionery
Chocolate Confectionery in Peru In Peru, chocolate confectionery continues to be impacted by high temperatures in 2024, thanks to climate conditions persisting from 2023, when there was barely any winter. 2024 began with El Niño and has seen high-temperature records in several regions, prompting a g ... Read More
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Sweden Chocolate Confectionery
Chocolate Confectionery in Sweden Chocolate confectionery is set to see current value growth in Sweden in 2024. Chocolate confectionery faces strong competition from sugar confectionery, chocolate coated biscuits and, in summer especially, from ice cream. Moreover, the competition within chocolate c ... Read More
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Azerbaijan Chocolate Confectionery
Chocolate Confectionery in Azerbaijan While chocolate confectionery in Azerbaijan is poised to record a moderately improved result in current value growth terms in 2024, this is mainly attributable to price hikes imposed to offset elevated inflation linked to the global recovery from the pandemic an ... Read More
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Canada Chocolate Confectionery
Chocolate Confectionery in Canada Chocolate confectionery maintains its healthy growth in Canada in 2024, bolstered primarily by escalating commodity prices and a strong consumer desire for indulgence. Cocoa prices experienced significant increases in the first half of the year, culminating in new r ... Read More
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The United Arab Emirates Chocolate Confectionery
Chocolate Confectionery in the United Arab Emirates Demand for chocolate confectionery in the United Arab Emirates continues to rise. In the local market, a rising number of health-conscious consumers are driving increasing demand for healthy snacks, significantly transforming perceptions around die ... Read More
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Egypt Chocolate Confectionery
Chocolate Confectionery in Egypt Chocolate confectionery in Egypt is set to witness a decline in retail volume terms in 2024, continuing the trend of the previous year. Despite the positive impact of a growing population, demand is being curtailed by substantial increases in unit prices, in the ligh ... Read More
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Switzerland Chocolate Confectionery
Chocolate Confectionery in Switzerland Chocolate confectionery is set to post positive growth in volume and value terms in Switzerland in 2024. Imports of chocolate have continued to increase. Meanwhile, record high cocoa prices have led to continued increases in product prices. While all categories ... Read More
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Portugal Chocolate Confectionery
Chocolate Confectionery in Portugal Chocolate confectionery is managing to achieve positive volume growth in 2024, despite unit price hikes suppressing stronger sales. Indeed, chocolate confectionery has been strongly affected by considerable increases in the costs of raw ingredients, such as cocoa ... Read More
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Argentina Chocolate Confectionery
Chocolate Confectionery in Argentina Chocolate confectionery in Argentina registered an increase in retail volume sales in 2023, albeit modest and slower than the increments for gum and sugar confectionery. However, the demand for chocolate confectionery fell much more slowly than for other types of ... Read More
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Confectionery Packaging in South Korea
Confectionery Packaging in South Korea Total confectionery packaging volumes increased in South Korea in 2023, seeing a gradual recovery after sales declined during the pandemic. Flexible packaging remained the dominant pack type in chocolate confectionery in 2023, as this offers versatility and ada ... Read More
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Chile Chocolate Confectionery
Chocolate Confectionery in Chile Chocolate confectionery in Chile faces significant challenges due to further price increases driven by rising costs of cocoa. Cocoa is a fundamental ingredient in chocolate production, and fluctuations in its price directly impact production costs for chocolate manuf ... Read More
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Nigeria Chocolate Confectionery
Chocolate Confectionery in Nigeria Chocolate confectionery in Nigeria is posting deep declines in terms of retail volume sales in 2024, resulting from the negative impact of inflationary conditions on both consumer buying power and unit prices. Current value sales are climbing high as unit prices ri ... Read More
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Mexico Chocolate Confectionery
Chocolate Confectionery in Mexico Over 2024, chocolate confectionery in Mexico is expected to see moderate retail volume growth, only slightly below the increase posted in 2023. While slowing, the rate of inflation in Mexico remains significant and continues to affect manufacturer, retailer and cons ... Read More
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Israel Chocolate Confectionery
Chocolate Confectionery in Israel Chocolate confectionery is set to see current value growth in Israel in 2024. The price of cocoa and sugar have increased in recent months, driving up value sales in the chocolate confectionery market. In May 2023, Diplomat increased the prices of many of its produc ... Read More
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Norway Chocolate Confectionery
Chocolate Confectionery in Norway In 2024, the average unit price of products within chocolate confectionery in Norway Price of chocolate has not risen as much as is seen in other snacks and food categories, despite rising production and raw materials costs. This is supporting sales in chocolate con ... Read More
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Spain Chocolate Confectionery
Chocolate Confectionery in Spain Chocolate confectionery is seeing healthy growth in current value terms in 2024, although sales are stagnating in volume terms. Fluctuations in cocoa prices in 2024 have contributed to the positive value growth with manufacturers being forced to raise their prices as ... Read More
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