The outlook is positive for chocolate confectionery over the forecast period and will register moderate constant value and healthy volume growth. here will also be a degree of premiumisation, in particular for chocolate with higher cocoa content, as this is seen as healthier.
Global brands such as Hershey’s are mainly sold in modern grocery retailers, while cheaper local brands such as Crachi and Mas Mas are mainly sold in colmados. With limited shelf space, small store owners prefer lower-priced SKUs that have a higher rotation.
While price will continue to be the key driver of volume sales, consumers will also look for healthier options, such as with higher cocoa content and less sugar. According to the Dominican Republic’s Special Fund for Agricultural Development (FEDA), the country supplies around 60% of global organic cocoa, and as such the expertise is there, and there is an awareness of the importance of organic and sustainable agricultural practices.
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Understand the latest market trends and future growth opportunities for the Chocolate Confectionery industry in Dominican Republic with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Chocolate Confectionery industry in Dominican Republic, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Chocolate Confectionery
This is the aggregation of tablets, countlines, chocolate pouches and bags, boxed assortments, seasonal chocolate, chocolate with toys, and other chocolate confectionery. Nuts and fruits covered in chocolate are included in this category. Note that chocolate overtly positioned for baking/cooking purposes is excluded from Euromonitor International's confectionery coverage.
See All of Our DefinitionsThis report originates from Passport, our Chocolate Confectionery research and analysis database.
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