Western Europe

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…

The high rate of inflation prevailing in 2022 and 2023 has not had a major negative impact on the chocolate confectionery category in Denmark. Local players have managed to increase their sales and value by increasing prices, while favourable…

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…

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…

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…

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…

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…

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…

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 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 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 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…

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,…

At the end of the review period, chocolate confectionery in Turkey continues to benefit as consumers remain willing to spend more on indulgence and treats, to pamper themselves or improve their mood, despite rising unit prices amid a highly…

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.…

In the upcoming years, consumers and businesses face an array of challenges, with income inequality, mass migration and rising uncertainty about another crisis being among the major ones. Nevertheless, within this lie untapped opportunities. This…

This report examines inflation levels and drivers globally and in key countries. In 2023, global inflation is expected to ease from its peak in 2022, but remaining significantly above-trend. Geopolitical risks and uncertainty in the energy market are…