Chocolate Confectionery

Overall chocolate confectionery sales were close to stagnation in Eastern Europe in 2020, hit by the loss of impulse/on-the-go sales, fewer gifting occasions and disrupted holiday periods (Easter, Christmas) due to Coronavirus (COVID-19), negatively…

Chocolate confectionery has been struggling in 2020, hit by quarantines and closures as well as the loss of impulse and on-the-go consumption occasions due to Coronavirus (COVID-19). Some of this has been offset by increasing at-home consumption,…

Chocolate confectionery was hit by the loss of impulse/on-the-go sales, fewer gifting occasions and a disrupted Easter period in 2020 due to Coronavirus (COVID-19), significantly affecting categories such as boxed assortments and seasonal chocolate.…

Digital marketing has emerged as one of the most effective methods to boost chocolate confectionery sales in Indonesia, amidst a growing number of tech-savvy consumers in the country. One of the main advantages of digital marketing is the ability to…

2023 is seeing innovative product development proving to be a significant driver of demand for countlines and chocolate pouches and bags in chocolate confectionery in Malaysia. Among the key players, Nestlé is showing a particular focus on…

Thailand has returned to normality in 2023, following the restrictions created by the COVID-19 pandemic. Consumers have returned to out-of-home, on-the-go lifestyles, along with a large number of tourists visiting the country. As such, this revival…

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…

Tablets remained the leading format within chocolate confectionery in terms of retail value in 2023, having overtaken boxed assortments earlier in the review period. Moreover the former led growth within the category, continuing the trend of the…

The per capita consumption of chocolate confectionery in India in 2023 is only 7% of consumption in the US and 10% of consumption in the UK. Generally, chocolate confectionery in India has limited mind space association, primarily focused on gifting,…

Chocolate confectionery in China saw solid retail current value growth in 2023, and this trend is expected to be maintained in 2024. Beyond the traditional formats, chocolate confectionery continues to evolve in terms of textures and tastes. First,…

Sales of chocolate confectionery struggled in 2023, as the cost of key ingredients including sugar and cocoa hit the manufacturers hard, with players forced to pass on the increase in production costs to the consumer. Indulgence has long maintained…

Chocolate confectionery in Italy in 2024 is following the general trend of value being supported over volume due to lingering inflationary pressures. However, any volume challenges in subcategories are being balanced by the popularity of seasonal…

Chocolate confectionery in South Korea is expected to see low retail current value growth in 2024, along with marginal retail volume decline. Mixed developments are being seen in 2024, influenced by broader market trends and changing consumer…

Since 2022, chocolate confectionery in Japan has seen a steady rise in the unit price per kilogram, and this trend is anticipated to persist in 2024. Increasing prices are largely attributed to the premiumisation of confectionery, which began around…

Despite rising cocoa costs and supply chain disruptions, total demand for chocolate confectionery in Hong Kong continues to grow, with seasonal holidays emerging as a key growth driver. Seasonal chocolate and boxed assortments tend to be strong…

In 2024, chocolate confectionery in Ireland remains impacted by the global cocoa and sugar shortages, which continue to drive strong price increases. High single-digit price hikes follow on from the previous year’s double-digit rises. The…

In 2024, players in chocolate confectionery in Morocco remain focused on offering smaller pack sizes for fear of losing consumers struggling financially. The lower prices of these smaller formats help to expand the consumer base as they cater to…

Following a three-year period of stagnation, the retail market for chocolate confectionery in Saudi Arabia is expected to see an improved performance in current value terms in 2024. This is consistent with a more positive economic outlook, thanks to…

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…

Chocolate confectionery in the Netherlands is recording robust retail current value growth in 2024, though retail volume sales are falling, and a faster rate than was recorded for the previous year. For the second consecutive year, average unit…

Following a period where inflation reached an historic 40-year high in 2023, the average unit price of chocolate confectionery in the UK increased by double digits. The heightened costs across the supply chain, including transportation, energy,…

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…

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…

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,…

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…

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…

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…

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…

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,…

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.…

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…

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…

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,…

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…

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…

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…

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 diet…

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,…

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.…

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…

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…

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…

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…

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…

In 2024, retail value sales of chocolate confectionery in Cameroon are set to achieve solid growth. However, consumer price sensitivity is a major factor influencing chocolate purchases. This translates to a clear preference for the locally-made…

Chocolate confectionery is expected to register solid growth in 2024, with value growth higher than volume growth as inflation has pushed prices up. The significant rise in commodity prices, production costs, and inflation in 2023 has had a…

Chocolate confectionery in the Dominican Republic is expected to register healthy current value growth, through a marginal fall in volume sales in 2024. The Dominican Republic has a thriving local chocolate industry and is one of the main producers…

The market for chocolate confectionery in Greece is set to modest growth in retail volume terms in 2024, continuing the trend of the previous year. Demand is being impacted by ongoing price rises, as input costs spiral to an all-time high. Cacao…

Chocolate confectionery is seeing positive retail value sales in Slovakia in 2024, while volume remains in a slump. This situation is created by high unit prices and reduced consumer spending power. Added to which, we have seen soaring unit prices…

A challenging economic situation persists in 2024 caused by the high inflation seen in the past two years which has left consumers in the situation where they are battling with an increased cost-of-living while prices continue to rise. However, while…