Simply delicious: Operators will create new products in response to rising health consciousness

Operators in the Chocolate Production industry process cacao beans, milk, sugar and other ingredients into chocolate-based confectionery, including chocolate bars and chocolate molded with nuts, fruit or granola. Industry products are then distributed to wholesalers, retailers and other intermediaries for resale to consumers. Over the past five years, the industry has benefited from trends including improving disposable incomes, greater demand for premium chocolates and vibrant export markets. Chocolate products are a popular way to satisfy one's sweet tooth. However, rising health consciousness has driven numerous consumers, especially in the younger generation, away from products laden with sugar and saturated fat and toward healthier alternatives...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Consolidation will increase market share concentration and profit margins, despite volatile input costs
  • The price of several major industry inputs has been extremely volatile in recent years
  • The move to healthier chocolates will be partly due to an FDA mandate on trans fats
  • Industry Report - Industry Products Chapter

    Chocolate bars, plainChocolate candy bars constitute the largest product segment for this industry. Chocolate bars without added ingredients (such as fruit or nuts) generate an estimated 43.5% of industry revenue in 2017. This segment includes a variety of chocolate bars that are usually made with primary ingredients including cocoa, butter, milk and sugar. The relative proportions of these inputs differentiate the fat and sugar content of chocolate, classifying the end product as milk, dark, or white chocolate. Within this segment, dark chocolate sales have grown due to the supposed health benefits of pure chocolate. The organic and fair-trade chocolate block sub-segments became more popular as more Americans became health conscious. Ano...purchase to read more.

    Additional Insights for the Chocolate Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Chocolate Production Industry are

  • Ability to adapt to change
  • Product differentiation
  • Supply contracts for key inputs
  • IBISWorld analysts also discuss how external factors such as Per capita sugar and sweetener consumption and Per capita disposable income in the Chocolate Production industry impact industry performance..

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    What's in this report

    What is the Chocolate Production Industry?

    Operators in this industry process cacao beans and other ingredients into chocolate and chocolate-based candy. Products include chocolate candy bars, boxed chocolates and chocolate-covered nuts.

    Industry Products
  • Chocolate molded with candy, fruit, nut or granola
  • Chocolate bars, plain
  • Chocolate coatings
  • Cocoa powder
  • Cocoa butter, liquor and syrup
  • Industry Activities
  • Producing chocolate bars
  • Producing chocolate molded with fruits and nuts
  • Producing chocolate coatings
  • Producing cocoa powder, butter and liquor
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita sugar and sweetener consumption
  • Per capita disposable income
  • World price of cocoa
  • Healthy eating index
  • Trade-weighted index

  • Current Performance
  • Healthy dose of concern
  • Prices and profitability
  • Global trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Innovative opportunities
  • Prices and participation
  • International landscape
  • Table: Chocolate Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Chocolate Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Confectionery Wholesaling
  • Supermarkets & Grocery Stores
  • Convenience Stores
  • Specialty Food Stores
  • Consumers

  • Key Selling Industries
  • Dairy Product Production
  • Fruit & Nut Growers
  • Margarine & Cooking Oil Processing
  • Sugarcane Harvesting
  • Syrup & Flavoring Production

  • Products & Services
  • Chocolate bars, plain
  • Chocolate molded with candy, fruit, nut or granola
  • Chocolate coatings
  • Cocoa powder
  • Cocoa butter, liquor and syrup
  • Chart: Chocolate Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Confectionery wholesalers
  • Supermarkets and grocery stores
  • Specialty retailers
  • Exports
  • Direct to consumers
  • Chart: Major Market Segmentation for the Chocolate Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Marketing
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Chocolate Production

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Chocolate Production Industry

  • Industry Globalization
    The Hershey Company, Mars Inc., Nestle SA, Lindt & Sprungli,
  • Table: The Hershey Company - financial performance
  • Table: Mars Inc. - financial performance
  • Table: Nestle SA - financial performance
  • Table: Lindt & Sprungli - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Chocolate Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Chocolate Production Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • World price of cocoa (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • A substance that opposes oxidation or inhibits reactions promoted by oxygen or peroxides.
  • Artisan Chocolate
  • Chocolate that is not made by machines, but rather, involves a high degree of human labor and craftsmanship.
  • Cacao
  • Seeds (grown on trees in warm climates) from which cocoa, cocoa butter and chocolate are made.
  • Chocolatier
  • A person or company that makes or sells chocolate.
  • Cocoa
  • A powder made from cacao seeds used in chocolate.
  • Dark Chocolate
  • Also known as “semisweet” or “bittersweet” chocolate. A form of chocolate produced by using mostly cocoa solids and very little added milk and sugar, or no milk and added sugar at all.
  • Premium
  • When producers charge consumers a price for their product that is more than its nominal value.
  • What Our Customers Say

    Why buy this report?

    The Chocolate Production industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

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    This report on Chocolate Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Chocolate Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Chocolate Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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