Sweet outlook: Increasing incomes and healthier alternatives will support growth

IBISWorld’s industry research report on Cocoa & Drinking Chocolate Production can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.


Industry Threats & Opportunities

  • Research on cocoa’s health benefits have strengthened industry demand
  • The introduction of healthier chocolate products has helped producers secure growth
  • An expanding product mix is anticipated to drive demand growth

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    Industry Analysis & Industry Trends

    The outlook for hot chocolate is relatively sweet. Growth will likely be driven by increased demand because of higher incomes, population growth and an improved product mix. Continued nutritional concerns will negatively affect demand for industry products, but firms will help offset this factor by developing healthier products and premium products (like gourmet and organic) as well as increasing visibility and...

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    Industry Report - Industry Analysis Chapter

    America’s sweet tooth kept the Cocoa and Drinking Chocolate production industry afloat over the past five years. During this time, revenue increased steadily every year as disposable income has grown along with the economic recovery, boosting industry revenue significantly by propelling demand for premium products such as dark and organic chocolates. Because of the steady recent growth, industry revenue has grown at an average rate of 1.2% per year to $844.7 million during the five years to 2016, including growth of 1.9% in 2016.

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

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    Additional Insights for the Cocoa & Drinking Chocolate Production Industry

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

  • Economies of scale
  • Brand Management
  • Diversification of products
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Per capita sugar and sweetener consumption in the Cocoa & Drinking Chocolate Production industry impact industry performance..

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    Industry Products

    What is the Cocoa & Drinking Chocolate Production Industry?

    This industry primarily produces hot chocolate, which is also known as hot cocoa or drinking chocolate. Industry operators generally process cacao beans and other ingredients to make a powder that is then mixed with a warm liquid, such as milk or water. This industry does not produce syrup that is poured into milk to make hot chocolate. Ready-to-drink dairy-based chocolate milk products are also excluded.

    Industry Products
    Sweetened hot chocolate in cans or packages 2 1/2 lbs or less
    Sweetened hot chocolate in bulk containers
    Unsweetened hot chocolate
    Industry Activities
    Producing chocolate powder for milk
    Producing chocolate powder for water

    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
  • Price of sugar
  • Trade-weighted index

  • Current Performance
  • Health trends and product expansion
  • Input costs push up profit
  • Competition and trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Health consciousness
  • Profit and competition expand
  • Table: Cocoa & Drinking Chocolate Production Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Grocery Wholesaling
  • Confectionery Wholesaling
  • Supermarkets & Grocery Stores
  • Specialty Food Stores

  • Key Selling Industries
  • Fruit & Nut Farming
  • Plastic Products Miscellaneous Manufacturing
  • Sugar Processing
  • Syrup & Flavoring Production

  • Products & Services
  • Unsweetened hot chocolate
  • Sweetened hot chocolate in bulk containers
  • Sweetened hot chocolate in cans or packages 2 1/2 lbs or less
  • Chart: Cocoa & Drinking Chocolate Production Industry Products and Services Segmentation

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

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesMarketing and other
  • Chart: Cost Structure Benchmarking – Sector vs Cocoa & Drinking Chocolate Production

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Major Companies
    Nestle SAConAgra Foods Inc.
  • Table: Nestle SA - financial performance
  • Table: ConAgra Foods Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Cocoa & Drinking 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 Cocoa & Drinking 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)
  • Per capita sugar and sweetener consumption (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • A substance that opposes oxidation or inhibits reactions promoted by oxygen or peroxides.
  • 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.
  • Confectionery
  • A sweet, desert product that can come in the form of a pastry, candy or beverage.
  • Premium
  • When producers charge consumers a price for their product that is more than its nominal value.
  • Wholesale Bypass
  • A popular trend within retail and manufacturing industries where producers supply goods directly to stores, eliminating the middleman.
  • 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 Cocoa & Drinking 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 Cocoa & Drinking 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 Cocoa & Drinking 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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