Bittersweet taste: Despite cocoa price volatility, the industry will benefit from higher incomes

The Industrial Chocolate Production industry processes cocoa beans to manufacture cocoa products including cocoa powder, cocoa liquor and cocoa butter. Over the past five years, the industry has benefited from trends such as improving disposable incomes and greater demand for premium chocolate goods. However, other trends, including volatile cocoa prices and rising health consciousness, have stunted industry growth. Over the five years to 2017, IBISWorld expects industry revenue to fall marginally. Over the next five years, improving harvest conditions in West Africa will cause supply to expand slightly and selling prices will stabilize, keeping profit growth moderate...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
-0.5%
Forecast Growth 17-22
Profit
Employment
5,110
Businesses
180

Industry Threats & Opportunities

  • The industry has benefited from improving disposable incomes and greater demand for premium chocolate goods
  • Industry performance has been volatile due to fluctuations in the global price of cocoa beans
  • Demand from major markets will rise with higher chocolate consumption and positive downstream conditions
  • Industry Report - Industry Analysis Chapter

    The Industrial Chocolate Production industry processes cocoa beans, producing intermediate cocoa products that are used as ingredients in a variety of confectionery and foods. Products include cocoa powder, liquor, butter and syrup, and are purchased by chocolate candy companies, bakers, and other similar markets. In turn, demand from these markets depends on the level of consumption of chocolate and chocolate-infused foods and beverages by consumers. Over the past five years, volatile cocoa prices shaped the landscape of the industry. Overall, IBISWorld estimates industry revenue has fallen at an annualized rate of 0.5% over the five years to 2017 to $2.2 billion...purchase to read more.

    Additional Insights for the Industrial Chocolate Production Industry

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

  • Economies of scale
  • Ability to pass on cost increases
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as World price of cocoa and Per capita disposable income in the Industrial Chocolate Production industry impact industry performance..

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    What's in this report

    What is the Industrial Chocolate Production Industry?

    This industry includes companies that press cocoa beans to manufacture cocoa ingredients used in other food processing. This industry’s products include cocoa powder, cocoa butter and cocoa liquor.

    Industry Products
  • Cocoa powder
  • Sweetened chocolate
  • Unsweetened chocolate
  • Cocoa liquor
  • Cocoa butter
  • Chocolate syrup
  • Industry Activities
  • Producing cocoa powder
  • Producing cocoa butter
  • Producing cocoa liquor
  • Producing other industrial chocolate
  • Table of Contents

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

  • Current Performance
  • Cocoa uses
  • Cocoa prices
  • Consolidation and trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Cocoa remains high in demand
  • Global markets
  • Table: Industrial Chocolate Production Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Chocolate Production
  • Dairy Product Production
  • Bread Production

  • Key Selling Industries
  • Dairy Product Production
  • Fruit & Nut Farming
  • Sugarcane Harvesting

  • Products & Services
  • Cocoa powder
  • Sweetened chocolate
  • Cocoa liquor
  • Unsweetened chocolate
  • Cocoa butter
  • Chocolate syrup
  • Chart: Industrial Chocolate Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Chocolate producers
  • Confectionery wholesalers
  • Specialty retailers
  • Exports
  • Other
  • Chart: Major Market Segmentation for the Industrial Chocolate Production Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Blommer, Barry Callebaut, Cargill Inc.,
  • Table: Blommer - financial performance
  • Table: Barry Callebaut - financial performance
  • Table: Cargill Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Industrial 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 Industrial Chocolate Production Industry
    Includes:
  • 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
    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 Butter
  • An edible vegetable fat extracted from the cocoa bean.
  • Cocoa Liquor
  • Pure cocoa mass in liquid form; includes both cocoa solids and cocoa butter.
  • Cocoa Powder
  • The solids that remain after cocoa butter is extracted from cocoa beans.
  • Confectionery
  • A sweet, dessert product that can come in the form of a pastry, candy or beverage.
  • Organic
  • Farming that does not involve the use of artificial chemicals, pesticides, fertilizers or genetically modified organisms.
  • 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 Industrial 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 Industrial 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 Industrial 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 Industrial 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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