Chocolate confectionery in Hong Kong faces emerging challenges as global cocoa supply disruptions and soaring commodity prices threaten the viability of the current global sourcing model. With major cocoa-producing regions grappling with declining yields, mass market to artisanal chocolate brands that have traditionally relied on these origins may be compelled to explore alternative suppliers.
Facing pressure from ongoing elevated raw material prices for cocoa production, category players may shift their focus towards highlighting alternative, non-chocolate ingredients in their product formulations. This trend is expected to be particularly pronounced among luxury chocolatiers that have traditionally relied on specialty cocoa sources.
Sustainability has long been a priority for chocolate confectionery brands such as the ethical sourcing of cocoa, and the recent global supply shortages will have revived the need to adopt more ethical sourcing practices to address historic labour and environmental issues. Other than sustainable sourcing, product packaging is another vital focus area for chocolate brands as the average consumer may not be aware of current challenges in chocolate production.
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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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