Sweet inspiration: Rising health consciousness will boost demand for healthier, premium chocolates

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.


Industry Threats & Opportunities

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

    Over the past five years, the Chocolate Production industry has benefited from trends including improving disposable incomes, greater demand for premium chocolates and vibrant export markets. However, other trends, including volatile cocoa prices and rising health consciousness, have limited industry growth. In addition, 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. Going forward, IBISWorld expects this industry to benefit from improvements in discretionary income and the strongest growth in demand will occur for premium, dark and organic chocolates.


    Industry Report - Industry Analysis Chapter

    The Chocolate Production industry processes chocolate from cacao beans and purchased chocolate products, selling final goods to downstream markets such as confectionery wholesalers and supermarkets. Demand has grown over the past five years as consumers continue to turn to chocolate, a popular candy, to satisfy their sweet tooth. Improving disposable income over the period has also helped propel demand for premium products such as premium dark and organic chocolates.

    Still, revenue growth in this industry has been contained by other trends, including an increasing awareness of the link between confectionery consumption and health problems such as diabetes. In addition, cacao prices have been volatile. Thi

    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 disposable income and Per capita sugar and sweetener consumption in the Chocolate Production industry impact industry performance..

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    Industry Products

    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

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

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

  • Industry Outlook
  • Healthier chocolate
  • 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

  • Products & Markets
    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
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • 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
    Major Companies
    The Hershey CompanyMars Inc.Nestle SALindt & Sprungli
  • Table: The Hershey Company - financial performance
  • Table: Mars Inc. - financial performance
  • Table: Nestle SA - financial performance
  • Table: Lindt & Sprungli - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Chocolate Production Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • World price of cocoa (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
  • 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.
  • Why buy this report?

    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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