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
Revenue
$17bn
Annual Growth 13-18
0.7%
Forecast Growth 18-23
Profit
Employment
41,164
Businesses
3,388

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 is partly due to federal mandate
  • Industry Report - Starting a New Business Chapter

    The Chocolate Production industry has moderate barriers to entry. The primary barrier to entry for this industry is the medium, and strengthening, level of market share concentration that it exhibits. The four largest companies have extensive product portfolios and experience strong brand equity and customer loyalty. They also have considerable resources to invest in advertising through a range of media outlets that are inaccessible to new entrants. Furthermore, major players experience favorable contracts with key downstream buyers such as supermarkets and wholesale clubs that are difficult for new entrants to secure. These factors may hamper the success of a new entrant...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 butter, liquor and syrup
  • Cocoa powder
  • Chart: Chocolate Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Supermarkets and grocery stores
  • Confectionery wholesalers
  • Exports
  • Specialty retailers
  • 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
    Mars Inc., The Hershey Company, Lindt & Sprungli, Nestle S.A.,
  • Table: Mars Inc. - financial performance
  • Table: The Hershey Company - financial performance
  • Table: Lindt & Sprungli - financial performance
  • Table: Nestle S.A. - 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
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • World price of cocoa (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Antioxidant
  • 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?

    IBISWorld’s Industry Market Report on Chocolate Production is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    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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