Category: Chocolate
Chocolate market research reports by Euromonitor International
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Chocolate Confectionery in the US
Chocolate Confectionery in the US US consumers are continuing to modify their shopping habits in order to cope with the higher prices of their favourite treats. Some consumers are buying lower-priced chocolate confectionery to ensure volume supply, some are buying decadent chocolate to cost-effectiv ... Read More
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Chocolate Confectionery in Ireland
Chocolate Confectionery in Ireland In 2023, chocolate confectionery in Ireland is driven by a strong consumer desire for indulgence and celebration. Chocolate is not merely a sweet treat, but a symbol of joy and festivity, making it a preferred choice for marking special occasions. The association o ... Read More
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Chocolate Confectionery in Kenya
Chocolate Confectionery in Kenya Chocolate confectionery is set to see low retail volume growth in 2023, although current value growth is expected to be far higher, amidst inflation. Modern grocery distribution channels are important for sales of chocolate confectionery in Kenya, with the majority o ... Read More
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Chocolate Confectionery in Nigeria
Chocolate Confectionery in Nigeria Volume sales in chocolate confectionery in Nigeria continue to trend downwards in 2023, following the considerable decline witnessed in 2022. The prevailing macroeconomic conditions in Nigeria, particularly rampant inflation, has persisted from 2022 into 2023, nota ... Read More
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Chocolate Confectionery in Portugal
Chocolate Confectionery in Portugal Despite the increase in chocolate confectionery consumption during the pandemic, due to consumers spending more time at home and indulging in treats, the category continues to grow, both in volume and value. We are, however, seeing different trends in consumers’ s ... Read More
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Chocolate Confectionery in Switzerland
Chocolate Confectionery in Switzerland Overall, despite economic uncertainties in the country, demand for chocolate confectionery is resilient in 2023. Euromonitor International's Chocolate Confectionery in Switzerland report offers in-depth knowledge of the market at a national level, providing loc ... Read More
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Chocolate Confectionery in Uzbekistan
Chocolate Confectionery in Uzbekistan Rising inflation has been denting households’ purchasing power and consumer spending in 2023. Nevertheless, despite certain shifts in consumer behaviour, willingness to spend on chocolate confectionery is still rising in 2023, and retail volume sales are set to ... Read More
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Chocolate Confectionery in Germany
Chocolate Confectionery in Germany Germany was strongly impacted by the pandemic in 2020-2021, due to various restrictions imposed on the local population. However, the situation was positive for most retailers due to the closure of foodservice and limited leisure activities outside of the home. The ... Read More
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Chocolate Confectionery in Uruguay
Chocolate Confectionery in Uruguay In 2022, chocolate confectionery sales surpassed their pre-pandemic levels again in volume and real value terms and were expected to continue seeing positive growth in 2023. While impulse channels such as kiosks, which are included under small local grocers, are he ... Read More
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Chocolate Confectionery in South Africa
Chocolate Confectionery in South Africa Chocolate confectionery is set to record solid retail current value growth in 2023, driven by unit price increases of around 10% in most categories. Meanwhile, without innovation in terms of flavours, and digital campaigns, stronger volume declines would have ... Read More
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Chocolate Confectionery in Morocco
Chocolate Confectionery in Morocco Retail sales of chocolate confectionery saw slightly slower growth in volume terms in 2023. This was attributable to inflationary pressures, which forced many Moroccan consumers to reduce spending on perceived non-essential or luxury purchases. Unit prices of choco ... Read More
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Chocolate Confectionery in Tunisia
Chocolate Confectionery in Tunisia Chocolate confectionery has been impacted by shortages in the supply of sugar, much of which needs to be imported. The shortages have had a severe impact on the local chocolate confectionery industry, which is dependent on this raw material. Several manufacturers h ... Read More
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Chocolate Confectionery in Saudi Arabia
Chocolate Confectionery in Saudi Arabia Retail volume sales of chocolate confectionery are recording stronger growth in 2023 compared to the previous year, due to the growing population, the rise in impulse purchases outside of the home, and the focus of players on expanding the presence of their br ... Read More
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Chocolate Confectionery in Cameroon
Chocolate Confectionery in Cameroon In the first quarter of 2023, Cameroon’s National Cocoa and Coffee Board revised the maximum price of cacao beans upwards twice, bringing it to XAF1,290 per kg. These changes were attributed to a spike in demand caused by the entry of two new grinders (Neo Industr ... Read More
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Chocolate Confectionery in Chile
Chocolate Confectionery in Chile Chileans remain the most avid chocolate consumers in the region. In terms of both volume and value, Chile leads the ranking in per capita chocolate consumption in LATAM (more than doubling the average). 2023 continues to be influenced by pandemic-driven chocolate tre ... Read More
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Chocolate Confectionery in Slovakia
Chocolate Confectionery in Slovakia The significant rise in commodity prices, production costs, and inflation in 2023 has a notable impact on consumers' ability to purchase chocolate confectionery. Consequently, there is a heightened interest in price promotions and discounts as retailers seek to ca ... Read More
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Chocolate Confectionery in Taiwan
Chocolate Confectionery in Taiwan Consumer demand for chocolate confectionery has stabilised in 2023, with consumption shifting from bulk purchases in supermarkets to impulse small packs in convenience stores. Overall, volume sales of chocolate confectionery are nearing pre-COVID levels, aided by th ... Read More
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Chocolate Confectionery in Romania
Chocolate Confectionery in Romania In 2023, chocolate confectionery remains impacted by high inflation, with a decrease in purchasing power due to the high cost of living, as both bills and food prices have risen. The elimination of COVID-19 restrictions in 2022 led to the return to a normal life, l ... Read More
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Chocolate Confectionery in Poland
Chocolate Confectionery in Poland Inflation and higher production costs forced food companies in Poland to raise prices towards the end of the review period. While small producers often could not afford to do so without losing contracts with retail chains, larger companies like Nestlé and Mondelez i ... Read More
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Chocolate Confectionery in Lithuania
Chocolate Confectionery in Lithuania In 2023, chocolate confectionery is witnessing muted growth in retail volume terms, with the economy slowing down and entering a technical recession in the first half of the year. Inflation remains high, but the economy is stable and hence consumer purchasing pow ... Read More
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Chocolate Confectionery in Turkey
Chocolate Confectionery in Turkey When inflation started to be significant in 2017 in Turkey, chocolate confectionery was experiencing a peak in volume growth, benefiting from new launches. Throughout the high inflation period, companies looked to downsize standard tablet chocolate weight, decreasin ... Read More
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Chocolate Confectionery in Slovenia
Chocolate Confectionery in Slovenia Chocolate confectionery is expected to register moderate constant value growth in 2023, but volume growth will be marginal. Continuing economic uncertainty as a result of Russia’s invasion of Ukraine, the meteoric rise in inflation and tightening monetary policy i ... Read More
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Chocolate Confectionery in Norway
Chocolate Confectionery in Norway There is set to be a moderate decline for chocolate confectionery sales in 2023, primarily due to resumed cross-border trade with Sweden. In addition, ongoing inflations have led to an increase in unit price points, which has challenged sales as consumers work with ... Read More
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Chocolate Confectionery in Israel
Chocolate Confectionery in Israel Retail sales of chocolate confectionery in Israel saw modest growth in volume terms in 2023, following the declining performance of the previous year. Growth was boosted by an improvement in the fortunes of leading chocolate confectionery company Strauss, which saw ... Read More
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Chocolate Confectionery in Latvia
Chocolate Confectionery in Latvia While chocolate confectionery is expected to register a double digit increase in current value sales, volume sales are expected to fall slightly. Continuing economic uncertainty as a result of Russia’s invasion of Ukraine, the meteoric rise in inflation and tighteni ... Read More
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