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Packaging Pleasures: Innovations and Trends in Chocolate Bar Packaging

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Global Logistics, Global Trade Daily

Packaging Pleasures: Innovations and Trends in Chocolate Bar Packaging

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The chocolate bar, a cherished indulgence made from cocoa solids, butter, sugar, and sometimes milk powder or other flavorings, holds a prominent place in the confectionery market. This sector is crucial and continuously evolving, expected to exceed $130 billion in global retail sales by the end of 2024. 

Consumers are increasingly interested in ensuring that the entire chocolate production process is ethically responsible for farmers and environmentally sustainable in manufacturing and packaging practices. Transparency and traceability have become essential for building consumer trust. A significant 66% of global consumers prefer chocolate brands and products that have a positive impact on both people and the planet. 

The global chocolate bar packaging market size is projected to increase from $47.61 billion in 2022 to approximately $89.74 billion by 2032. This growth is anticipated to occur at a compound annual growth rate (CAGR) of 6.55% during the period from 2023 to 2032.

Chocolate Bar Packaging Market Trends

  • Customers are attracted to chocolate bar packaging that is both convenient and basic in style.
  • Premium chocolate companies invest in high-quality packaging materials and complex design features to portray a sense of luxury and enjoyment.
  • The chocolate bar market is seeing increased demand for sustainable packaging choices, driven by rising consumer environmental consciousness.

Technological improvements drive innovation in chocolate bar packaging, allowing manufacturers to enhance shelf life, product freshness, and tamper resistance. Prominent chocolate corporations, like Mars, Ferrero, Mondelez, and Hershey, hold a dominant position in the market, shaping developments in packaging, flavours, and sustainability efforts. Despite the sector’s overall success and notable sales growth during the pandemic, various challenges hinder the expansion of brands and the industry. The bar chocolates category remains the market’s primary driver, characterized by low consumer engagement and sporadic product consumption. Regarding retail sales, Nestlé España AS emerged as the leading company in 2023, holding a retail value share of (17.3%), followed closely by Ferrero Ibérica SA (15.7%).

Europe’s Leading Position in the Chocolate Bar Packaging Sector

Europe dominates the chocolate bar packaging market, accounting for 35% of the worldwide chocolate business. Packaging plays a vital role in customer choice, with options including sticks, wrappers, and pouches all substantially impacting purchasing decisions.

Switzerland, renowned for its high-quality chocolates, is a significant player in the global market. Swiss brands such as Lindt and Toblerone are well-known worldwide, helping Switzerland maintain its position as one of the world’s leading chocolate exporters. Switzerland has a solid domestic market, with its consumers ranked second globally regarding chocolate consumption per capita.

In Germany, a primary European market, the Consumer Price Index (CPI) for individual chocolate bar consumption increased in 2023 to 119.1 points. This demonstrates that consumer demand remains stable despite swings in economic situations.

Overall, Europe’s chocolate bar packaging market domination demonstrates the region’s importance in driving worldwide trends and customer preferences in the confectionery sector.

For Instance,

  • In January 2024, Nestlé Income Accelerator’s first KitKat with cocoa was launched in Europe. KitKat, one of Nestlé’s most successful and innovative confectionery products, will now become its most sustainable, as the firm revealed the snack bar will be created with 100% chocolate obtained from the Income Accelerator Programme (IAP).

 

Driving Innovation of Stick Pack Technology Reshaping Chocolate Bar Packaging

The chocolate packaging industry is seeing an increase in the adoption of stick packs, driven by rising demand from on-the-go customers and a preference for convenience and eco-friendly packaging options. This revolutionary narrow web flexible packaging alternative is gaining traction because of its versatility and compatibility with a wide range of items, especially with the advent of online retail.

Stick packs provide various advantages, including improved usability with features such as notched and easy-open variants, which make them easier to handle, open, squeeze, and dispense. Their elegant and sophisticated design enables firms to expand their offerings into single-use and bundle packaging, meeting a wide range of consumer tastes and market demands. Stick packs are designed to be thinner while providing more barrier capabilities, enhancing product protection from moisture and oxygen.

Competitive Landscape

The competitive landscape of the chocolate bar packaging market is dominated by established industry giants such as Amcor Plc, Packman Packaging, Swiftpak Limited, Sonoco Products Company, Mondi Plc, Huhtamaki Oyj, Charpak Ltd, Marber S.r.l., Stora Enso Oyj, JBM Packaging, Packle Packaging Industries and The Sherwood Group.  These giants compete with upstart direct-to-consumer firms that use digital platforms to gain market share. Key competitive characteristics include product innovation, sustainable practices, and the ability to respond to changing consumer tastes.

Chocolate Bar Packaging Market Player

Amcor Plc, Swiss Pack, Packman Packaging, Swiftpak Limited, Sonoco Products Company, Mondi Plc, Huhtamaki Oyj, Charpak Ltd, Marber S.r.l., Stora Enso Oyj, JBM Packaging, Packle Packaging Industries and The Sherwood Group.

About Author:

Swapna is a seasoned research consultant with expertise in conducting and analysing complex research projects across various industries. With a deep passion for knowledge discovery and a commitment to delivering actionable insights, Swapna has successfully collaborated with numerous organisations to help them make informed decisions and drive strategic growth. Swapna has developed a strong track record of designing and implementing research methodologies that generate high-quality data and meaningful results. Through careful attention to detail and a meticulous approach. She possesses a diverse skill set, including proficiency in data collection techniques, statistical analysis, and data visualisation.

chocolate
Global Logistics, Global Trade Daily, Uncategorized

Supply Chain Logistics For Chocolate

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Regardless of the global interest in healthy eating, the appetite for fine chocolate is still very much alive and kicking. The size of the overall chocolate market was valued at USD 115.92 billion in 2024 and is estimated to expand at 3.53% CAGR to reach USD 137.88 billion by 2029 (source: Mordor Intelligence) and in the UK chocolate sales reached £3.9bn in 2023 (source: IBIS World). Premium luxury brands are predicted to grow at an increased rate of 8.83% CAGR during 2024-29  (source Mordor Intelligence) and it is this sector of the market that is a particularly appealing proposition for export.

There is an established appetite for Britain’s home-produced artisan chocolate globally, with the US and EMEA showing especial great interest in the UK offering. So, with the annual chocolate-fest that is Easter looming, what factors do chocolate producers need to consider when looking at the efficient transfer of these temperature-sensitive goods across the globe?  

Here are some top tips from specialists in the movement of perishable goods and world-class logistics and supply chain solution provider, PML Seafrigo. Ian Shuttlewood, Director of Ocean & Road, offers these guidelines:

Seamless supply chain

Before you hand over your precious chocolate consignment for transfer, be sure to check out the integrity of the supply chain. Is there just one company controlling the end-to-end journey from producer to retailer / distributor? Does that company own each leg of the journey or is it reliant on third parties? Is there a single point of contact that you can liaise with to provide updates on the transfer of goods? The more ‘links’ in the supply chain, the greater the risk of a problem occurring and the less control there is during the movement of products from source to the final end destination.

Search for proven expertise

When it comes to temperature-sensitive foods, it is imperative that you seek out an expert in the field. And if you are looking at exporting to a number of different continents, it makes sense to work with an experienced company who can help you navigate the globe.

Chocolate requires specific handling criteria to maintain product integrity / aesthetic appeal. Too high a temperature and the chocolate is prone to blooming and softening, if sufficiently high, even melting. Too low a temperature and the product can crystallise. Ideally chocolate should be transported at temperatures between 13oC and 15oC. If the chocolate is to be transported with other goods – for example cheese – the pallet should be shrouded to avoid any flavour transfer and to keep it at the required slightly warmer temperature than cheese.

Thermal blankets are generally used to provide reassurance that in the unlikely event of a power outage, the chocolate will remain at the correct temperature for longer. Most logistics firms will ensure there is a temperature monitor in each container, which can be checked to see if there has been any notable change in heat conditions during transit. Some shipping lines will even offer ongoing monitoring of the cargo via satellite towers on the ship but there is a significant cost associated with this and in general, this extra vigilant monitoring is only used by pharmaceutical companies and the military. Most premium carriers will carry out regular checks on the ship and there is an engineer on board in the case of any problems.

As part of your due diligence in searching for the right supply chain solutions provider make sure that you only use trusted partners with a robust build and replacement policy so you have peace of mind that the containers used are not old and are fit for purpose. 

Time is precious

Every day that your products are in transit, represents a day that they are not available for sale, so speed and efficiency really are vital. In basic terms, the shorter the journey, the longer the shelf life – and the shorter the timeframe in which the client requests more stock. PML Seafrigo’s new scheduled chilled LCL service to the US, enables the successful transfer of the best of British artisan foods to the States in just 11 days.

The newly launched London to New York line is ideal for fine chocolate producers, looking to exploit the US’s ongoing love of fine foods from the UK. As an LCL service (Less than Container Load) customers only pay for the space they use in the container, with the goods of several clients placed in one container resulting in a highly cost-effective freight solution.

With the current issues surrounding the chaos associated with border control checks, it also makes sense to opt for a supply chain solution provider who has the proven experience to deal with the myriad customs documents – and if you are importing any goods from the EU as part of your manufacturing / production process, one that operates its own border control post to avoid the excessive delays at the port / airport.

Ensure you insure

Insurance should never be a maybe, but rather always make it a priority. Cargo insurance costs will vary enormously, and it pays to find a logistics firm who will handle this for you as part of the seamless end-to-end offering.  PML Seafrigo offers it customers insurance per trip / per shipment, from the pick-up point by road to its final destination (as long as all elements of the journey are covered by PML Seafrigo), this is a vastly more cost-effective option that the annual policies which are offered by some of the shipping lines and ideally suited to artisan producers of fine chocolate.

A final word of advice. All too often businesses fixate on the production of their goods to deliver a premium product that meets all the requisite flavour and taste experience criteria. But then fail to invest time in researching the right partner to ensure the safe and on schedule arrival of these items to the retailer. 

Don’t let all your hard work go to waste and risk a whole consignment arriving late or worse still, being rejected on the grounds of failure to meet the required quality control checks due to weak links in the supply chain.

Do your research and build a good working relationship with your logistics provider – after all, without this important resource in place, your business will never reach its full potential.

For more advice and guidance, visit www.seafrigo.com.

import chocolate
Global Trade Daily, Imports/Exports

Best Import Markets for Chocolate

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Chocolate is a beloved treat enjoyed by people all over the world. From creamy milk chocolate to rich dark chocolate, there is a type of chocolate to suit every taste. While many countries produce their own chocolate, there are also several top import markets for this delectable treat. In this article, we will explore the world’s best import markets for chocolate, examining key statistics and numbers provided by the IndexBox market intelligence platform.

1. United States

The United States tops the list as the world’s largest import market for chocolate, with an import value of 3.7 billion USD in 2022. The love for chocolate in the US is undeniable, and it is a staple in many households across the country. Whether it’s popular American brands or imported artisanal chocolates, Americans have a sweet tooth for all things chocolate.

2. United Kingdom

The United Kingdom takes second place on the list with an import value of 2.6 billion USD in 2022. The UK has a strong chocolate culture, with famous brands like Cadbury and Lindt being popular choices among consumers. The British also have a tradition of enjoying chocolate during holidays such as Easter and Christmas.

3. Germany

Germany is another significant player in the global import market for chocolate, with an import value of 2.5 billion USD in 2022. German consumers have a deep appreciation for high-quality chocolate and are willing to indulge in a wide variety of flavors and brands. The country also hosts the world’s largest chocolate fair, the ISM Cologne, which attracts chocolate enthusiasts from around the globe.

4. France

French consumers have a refined taste for chocolate, contributing to an import value of 2.4 billion USD in 2022. France is known for its gourmet cuisine, and its chocolate is no exception. French chocolatiers create exquisite confections that are admired and desired by chocolate lovers worldwide.

5. Netherlands

The Netherlands holds the fifth spot on the list, with an import value of 1.6 billion USD in 2022. Dutch consumers have a strong affinity for chocolate, and the country is renowned for its high-quality cocoa processing. The Dutch are not only consumers but also significant players in the industry, with many leading chocolate companies having their headquarters or production facilities in the Netherlands.

6. Canada

Canada is a top import market for chocolate, with an import value of 1.2 billion USD in 2022. Canadians have a sweet tooth and enjoy a wide range of chocolate products, including bars, truffles, and chocolate-covered treats. Canadian consumers also support fair trade and sustainable chocolate production.

7. Russia

Russia is a growing market for chocolate, with an import value of 1.1 billion USD in 2022. As disposable incomes rise, more Russians are indulging in chocolate as a treat or gift. Imported chocolates, especially premium and luxury brands, are highly sought after by Russian consumers.

8. Belgium

Belgium, a country renowned for its chocolate-making traditions, has an import value of 1.1 billion USD in 2022. Belgian chocolate is famous worldwide for its superior quality and craftsmanship. The country is home to numerous artisan chocolate makers, and its chocolate is often associated with luxury and gourmet experiences.

9. Poland

Poland ranks ninth on the list, with an import value of 1.1 billion USD in 2022. Polish consumers have a growing appetite for chocolate, and the market offers a wide range of options to satisfy their cravings. Domestic and imported brands alike compete to capture the hearts and taste buds of chocolate lovers in Poland.

10. Spain

Spain completes the list of the world’s best import markets for chocolate with an import value of 724.7 million USD in 2022. Spanish consumers value quality and flavor, and chocolate is an integral part of the country’s culinary tradition. The Spanish also celebrate unique chocolate festivals, such as the Festival de Chocolate de Barcelona.

In conclusion, the world’s best import markets for chocolate are diverse and spread across different continents. The United States leads the pack, followed by the United Kingdom, Germany, France, and the Netherlands. These countries, along with Canada, Russia, Belgium, Poland, and Spain, offer thriving markets for both domestic and imported chocolate brands. Whether it’s indulging in Belgian truffles, savoring Swiss chocolates, or enjoying American candy bars, chocolate lovers worldwide have plenty of options to satisfy their cravings.

Source: IndexBox Market Intelligence Platform

april
Global Trade Daily, United states news

 Chocolate and Confectionery Import in United States Drops to $430M in April 2023

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U.S. Chocolate And Confectionery Imports

In April 2023, approximately 92K tons of chocolate and confectionery were imported into the United States; dropping by -6.3% against the month before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when imports increased by 21% month-to-month.

In value terms, chocolate and confectionery imports contracted to $430M (IndexBox estimates) in April 2023. The total import value increased at an average monthly rate of +1.1% over the period from April 2022 to April 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in March 2023 when imports increased by 23% against the previous month.

Imports by Country

In April 2023, Canada (32K tons) constituted the largest chocolate and confectionery supplier to the United States, with a 35% share of total imports. Moreover, chocolate and confectionery imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (13K tons), threefold. The third position in this ranking was taken by Cote d’Ivoire (8.9K tons), with a 9.7% share.

From April 2022 to April 2023, the average monthly growth rate of volume from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-2.7% per month) and Cote d’Ivoire (+2.8% per month).

In value terms, Canada ($160M) constituted the largest supplier of chocolate and confectionery to the United States, comprising 37% of total imports. The second position in the ranking was taken by Mexico ($52M), with a 12% share of total imports. It was followed by Cote d’Ivoire, with a 7.1% share.

From April 2022 to April 2023, the average monthly growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+0.7% per month) and Cote d’Ivoire (+2.8% per month).

Import Prices by Country

In April 2023, the chocolate and confectionery price amounted to $4,698 per ton (CIF, US), standing approximately at the previous month. Over the period from April 2022 to April 2023, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 6.4% month-to-month. As a result, import price attained the peak level of $4,796 per ton. From October 2022 to April 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,366 per ton), while the price for Cote d’Ivoire ($3,436 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Ghana (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform 

chocolate
Global Trade Daily, Market insight

The Netherlands’s Chocolate and Confectionery Price Reduces Slightly to $4,465 per Ton

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Netherlands Chocolate And Confectionery Export Price in February 2023

In February 2023, the chocolate and confectionery price amounted to $4,465 per ton (FOB, Netherlands), almost unchanged from the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 5.8% m-o-m. As a result, the export price attained the peak level of $4,506 per ton, leveling off in the following month. \

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($5,438 per ton), while the average price for exports to Russia ($3,503 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Netherlands Chocolate And Confectionery Exports

Chocolate and confectionery exports from the Netherlands dropped to 102K tons in February 2023, falling by -3.5% against the previous month’s figure. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in August 2022 with an increase of 16% against the previous month.

In value terms, chocolate and confectionery exports declined to $458M (IndexBox estimates) in February 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 with an increase of 17% against the previous month.

Netherlands Chocolate And Confectionery Exports by Country

Germany (20K tons), Belgium (12K tons) and France (11K tons) were the main destinations of chocolate and confectionery exports from the Netherlands, together accounting for 43% of total exports. These countries were followed by the UK, the United States, Italy, Spain, Poland, Turkey, Ukraine, Saudi Arabia, Russia and Switzerland, which together accounted for a further 32%.

From February 2022 to February 2023, the biggest increases were in Spain (with a CAGR of +5.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate and confectionery exported from the Netherlands were Germany ($91M), Belgium ($58M) and France ($47M), with a combined 43% share of total exports. These countries were followed by the UK, the United States, Italy, Poland, Spain, Turkey, Saudi Arabia, Switzerland, Ukraine and Russia, which together accounted for a further 31%.

Saudi Arabia, with a CAGR of +4.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform  

cocoa industry
Archives, Global Trade Daily, Market insight

Cocoa Industry is Anticipated to Reach a Valuation of US$ 79 Billion by 2032

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The value of the global cocoa market is US$ 48.3 billion in 2022, which is projected to reach US$ 79 billion by 2032-end, increasing at a CAGR of 5% between 2022 and 2032.

Cocoa is also used at a significant rate in the nutraceutical, pharmaceutical, healthcare, and cosmetics industries as a coloring and flavoring agent. Furthermore, cocoa is utilized for the manufacturing of toiletries due to its excellent flavor and aroma. Thus, increasing use of cocoa across various industry verticals is likely to serve as a noticeable factor propelling the sales opportunities in the cocoa market.

The industry of cocoa is showcasing noticeable growth because of the robust growth trajectory of the industry of chocolate confectionery. There is a noteworthy increase in the share of global grindings that has bolstered the consumption of ingredients that are based on cocoa. The development of new products in various food industry sectors is also likely to facilitate growth opportunities for cocoa suppliers.

Which Type of Cocoa Accounts for High Revenue Generation?

“Cocoa Powder Highly Demanded Due to Huge Popularity of Chocolates”

Owing to the rising popularity of chocolate goods across bakery and confectionery industries, cocoa powder is becoming more popular across the globe. Besides hot chocolate mix and chocolate milk, cocoa powder is used in a lot of food and beverage products. Various eateries use them including new startup establishments, big restaurants, and even home bakers at an increased rate.

The consumption of cocoa powder is gaining popularity because of the various health benefits that are associated with it. Further, cocoa powder contains some antioxidants and its benefits to the brain and heart have been proven.

The cosmetic industry is adopting cocoa as the natural ingredient as it helps in the improvement of skin hydration and microcirculation. In the past few years, the increasing demand for industry products across different regions throughout the world is likely to fuel growth opportunities in the market.

Gas Separation Membranes Market – Important Takeaways

  • The cocoa market is anticipated to reach a valuation of US$ 79 billion by the end of 2032.
  • Worldwide demand for cocoa is expected to increase at a CAGR of 5% through 2032.
  • The North American market for cocoa is likely to expand at a CAGR of 6.7% through 2032.
  • The global cocoa market is valued at US$ 48.3 billion in 2022.
  • The revenue share of this type of cocoa reached US$ 11.9 billion in the year 2021.

Competitive Landscape

To win in the cut-throat competition, emerging as well as existing market players are leveraging different business strategies. Some of the key strategies include acquisition, collaboration, novel product launches, portfolio expansion, agreements, partnerships, and some others that are adopted by these players to gain a competitive edge in the global cocoa market.

Some key manufacturers of cocoa include Barry Callebaut AG, Blommer Chocolate Company, Cargill Inc., Olam International Ltd., Dutch Cocoa BV, and JB Foods.

Some of the prominent initiatives that are taking place in the industry include:

  • Barry Callebaut, in March 2022, announced the expansion of its factory in Australia, Melbourne, and Campbell field. This initiative by the company is likely to expand the geographical footprints of the company in the Asia Pacific while creating high-quality and safe products. Further, the facility is likely to serve the entire sector in Australia, from local and global manufacturers to professional and artisanal chocolate users.
  • Blommer Chocolate Company is a subsidiary of Fuji Oil Co., Ltd. in January 2022, it announced the opening of an R&D application lab in downtown Chicago. With improved and new ways to support the business, the newly developed space represents the expansion of the company’s R&D capabilities.
industrial chocolate
Archives, Global Trade Daily, Market insight

Industrial Chocolate Market worth US$ 97 Billion by 2033

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The global industrial chocolate market is expected to exhibit promising growth opportunities because of the rising awareness about the health advantages of consuming high-quality chocolates. As per Fact.MR, a provider of market research and competitive intelligence, sales of industrial chocolate are projected to reach a market valuation of USD 97 billion by the end of 2033, increasing at a CAGR of 4.5% over the next ten years.

Global demand for sugar-free, vegan, gluten-free, and organic chocolates has been steadily rising in recent years because of the increasing preference for healthier and more sustainable food options. Additionally, during the COVID-19 pandemic, many people turned to chocolate as a means of boosting their mood and reducing stress levels.

The belief among consumers in the excellence of single-origin and bean-based chocolates over bar chocolates has resulted in increased investments by industry players to manufacture such products. Additionally, the growing preference for the bean-to-bar approach is driving the demand for premium and specialty chocolate products. Furthermore, the trend of single-origin cocoa is fueling innovation and the creation of new products.

Some health experts claim that moderate consumption of cocoa can increase levels of serotonin, which can work as an antidepressant to calm the human brain. Furthermore, cocoa is also responsible for the release of endorphins in the human body, which can quickly improve mood.

  • According to data provided by the World Population Review, 3.5% of the global population suffers from depression.

Thus, the growing prevalence of mental illnesses, including depression and anxiety, can promote the demand for industrial chocolate-based products. Consumption of chocolate can reduce the release of cortisol, a stress hormone. The inclusion of chocolates in regular diets can help avoid reliance on medication and mitigate health issues.

Sales of chocolates are estimated to increase through 2033 due to their ability to induce happiness and relax the mind. Increasing awareness regarding preventative healthcare is expected to create profitable prospects for industry participants.

The global industrial chocolate market is also expected to be influenced by the growing awareness of the health benefits associated with consuming dark chocolate.

  • A study conducted by Cleveland Clinic demonstrated that dark chocolate can enhance blood circulation and reduce the risk of heart disease.

Moderate consumption of dark chocolate can also improve brain function and lower blood pressure, owing to the presence of crucial minerals such as iron, zinc, copper, phosphorus, and magnesium.

Last but not least, the implementation of eye-catching packaging solutions and the advancement of chocolate-based products to premium status to attract consumers’ attention are projected to create profitable opportunities for industrial chocolate suppliers.

Key Takeaways from Market Study

  • The industrial chocolate market is predicted to advance at a CAGR of 4.5% from 2023 to 2033.
  • Sales of single-origin chocolates are estimated to reach US$ 62.4 billion in 2023.
  • Demand for industrial chocolate is projected to reach US$ 97 billion by 2033.

Competitive Landscape

Key manufacturers of industrial chocolate are investing in innovation to gain a competitive edge in the global market.

For instance:

  • In March 2022, Barry Callebaut announced the expansion of its unit in Campbellfield, Melbourne, Australia. This strategic initiative is aimed at strengthening the company’s presence in Asia Pacific by focusing on the development of safe and high-quality products.
  • Blommer Chocolate Company is a subsidiary of Fuji Co., Ltd. In January 2022, the company announced the opening of its R&D laboratory in Chicago. This facility is expected to enhance the company’s R&D capabilities and enable it to explore innovative and improved ways to support its business.
  • In January 2021, Mars Inc. launched two vegan chocolates as part of the ‘Veganuary’ trend, as many people generally commit to following only a vegan diet throughout January. These newly launched chocolate bars are the vegan versions of Bounty and Topic and are named Bounty Vegan and Topic Vegan, respectively.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global industrial chocolate market for the period of 2023 to 2033.

The study divulges essential insights into the market on the basis of product (cocoa butter, cocoa liquor, cocoa powder) and end use (confectionery products, biscuits & bakery products, dairy & desserts, ice creams & frozen items, cereals, others), across 5 major regions of the world (North America, Europe, Asia Pacific, Latin America, and the MEA).

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Archives, Global Trade Daily, News

The Global Cocoa Market Struggles for Restoring Plummeted Demand

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IndexBox has just published a new report: ‘World – Cocoa Beans – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The closure of the HoReCa segment caused the demand for cocoa beans to collapse in 2020, while global production declined only slightly. This led to a surge in unsold cocoa bean stocks in exporter-countries. EU chocolate producers are now trying to enlist a range of measures to ensure stable demand and secure supply chains on the cocoa bean market. 

Key Trends and Insights

The pandemic weakened demand for chocolate and cocoa beans. Despite this, global cocoa bean output experienced only a marginal decline. Data from The International Cocoa Organization (ICCO) indicates that cocoa bean production in Africa fell by 2.4%, in Asia and Australasia, by 7.3%, but in America, production saw an increase of 2.7%. The global cocoa bean grindings production fell by 4,784 thousand tonnes in 2019 to 4,631 thousand tonnes in 2020.

As of May 2020, global cocoa bean imports slumped sharply and import figures remained low until the end of the 2020 period (IndexBox estimates). In Europe, over the period from March to December 2020, cocoa, chocolate and sugar confectionery production featured a decline against the figures of 2019. The biggest drop was in April 2020 when production fell by 13.9% as compared to the same period in the previous year. American confectionery market, however, remained relatively stable. Côte d’Ivoire, a key exporter, was particularly affected by the slump in demand: huge cocoa bean stocks have been accumulating in farm warehousing facilities and export terminals since December 2020.

The overproduction resulted in a slump in prices. The ICCO daily price for cocoa beans (the average of the quotations of the nearest three active futures trading months on ICE Futures Europe (London) and ICE Futures US (New York) at the time of London close) peaked at $2,716 per tonne in February 2020; by March 2021, the price had fallen to $2,462 per tonne. The price hike seriously affected the cocoa bean growers in Côte d’Ivoire and other major cocoa bean producing countries, threatening their income and the potential to invest in expanding production.

The re-opening of the HoReCa segment following the lifting of the coronavirus restrictions and a recovery in the demand are both set to be key drivers of the cocoa bean market recovery. The EU investment (25 million Euros) into cocoa bean production in Côte d’Ivoire, Ghana and Cameroon, which together assume 70% of global output, should improve supply chain stability, at least for particular involved companies.

The Netherlands, Germany, Switzerland and Belgium have all signed a Memorandum of Understanding (MOU) in a bid to ensure stable cocoa bean demand to 2025; through cooperation under the Memorandum (MOU), the objective remains improved market transparency, involvement in multinational companies, sustainable communication, improved working conditions for farmers and measures to protect the environment near the farms.

Cote d’Ivoire to Remain the Key Manufacture and Exporter of Cocoa Beans

In 2019, after two years of growth, there was a decline in the production of cocoa beans, when its volume decreased by -3.8% to 5.7M tonnes. The total output volume increased at an average annual rate of +2.6% over the period from 2012 to 2019 (IndexBox estimates).

In value terms, cocoa bean production contracted slightly to $14.2B in 2019 estimated at export prices. The total output value increased at an average annual rate of +1.9% from 2012 to 2019.

Cote d’Ivoire (2.2M tonnes) remains the largest cocoa bean producing country worldwide, accounting for 38% of the total volume. Moreover, cocoa bean production in Cote d’Ivoire exceeded the figures recorded by the second-largest producer, Ghana (812K tonnes), threefold. The third position in this ranking was occupied by Indonesia (784K tonnes), with a 14% share.

In Cote d’Ivoire, cocoa bean production expanded at an average annual rate of +5.6% over the period from 2012-2019. The remaining producing countries recorded the following average annual rates of production growth: Ghana (-1.1% per year) and Indonesia (+0.8% per year).

Cote d’Ivoire was the major exporter of cocoa beans in the world, with the volume of exports reaching 1.6M tonnes, which was near 40% of total exports in 2019. Ghana (668K tonnes) occupied a 16% share (based on tonnes) of total exports, which put it in second place, followed by Nigeria (7.8%), Cameroon (7.7%), Ecuador (6.6%) and Belgium (4.9%). The Netherlands (168K tonnes) followed a long way behind the leaders.

Exports from Cote d’Ivoire increased at an average annual rate of +7.0% from 2012 to 2019. At the same time, Ecuador (+9.1%), Cameroon (+8.8%), Belgium (+8.2%), Nigeria (+6.3%), the Netherlands (+2.4%) and Ghana (+1.9%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in the world, with a CAGR of +9.1% from 2012-2019. Cote d’Ivoire (+5.8 p.p.), Cameroon (+1.9 p.p.) and Ecuador (+1.7 p.p.) significantly strengthened its position in terms of the global exports, while Ghana saw its share reduced by -3.3% from 2012 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d’Ivoire ($3.6B), Ghana ($1.9B) and Nigeria ($730M) were the countries with the highest levels of exports in 2019, with a combined 63% share of global exports. These countries were followed by Cameroon, Ecuador, Belgium and the Netherlands, which together accounted for a further 23% (IndexBox estimates).

Source: IndexBox AI Platform

chocolate
Archives, EU Trade, Global Trade Daily

The Market For Filled Chocolate Bars in the EU Overcame $3.5B

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IndexBox has just published a new report: ‘EU – Chocolate Bars With Fillings – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The revenue of the chocolate bars with filling market in the European Union amounted to $3.6B in 2018, surging by 3.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Over the last three years, the market indicated a gradual but consistent growth both in value terms and in physical terms.

Consumption By Country in the EU

Germany (271K tonnes) remains the largest chocolate bar with filling consuming country in the European Union, comprising approx. 32% of total volume. Moreover, the volume of consumption in Germany exceeded the figures recorded by the second-largest consumer, Italy (108K tonnes), threefold. The UK (101K tonnes) ranked third in terms of total consumption with a 12% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in Germany totaled +2.6%. The remaining consuming countries recorded the following average annual rates of consumption growth: Italy (+7.6% per year) and the UK (-4.4% per year).

In value terms, the largest chocolate bar with filling markets in the European Union were Germany ($963M), Italy ($756M) and the UK ($411M), with a combined 59% share of the total market. These countries were followed by France, the Netherlands, Poland, Romania, Sweden, Denmark, the Czech Republic and Spain, which together accounted for a further 27%.

The countries with the highest levels of chocolate bar with filling per capita consumption in 2018 were Germany (3,313 kg per 1000 persons), Denmark (2,703 kg per 1000 persons) and the Netherlands (2,165 kg per 1000 persons).

Market Forecast 2019-2025 in the EU

Driven by increasing demand for chocolate bars with filling in the European Union, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.7% for the period from 2018 to 2025, which is projected to bring the market volume to 881K tonnes by the end of 2025.

Production in the EU

The volume of production of chocolate bars with filling in the EU stood at 937K tonnes in 2018, going up by 5.1% against the previous year. Overall, the volume of production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 9.5% against the previous year. In that year, chocolate bars with filling production reached its peak volume of 968K tonnes. From 2015 to 2018, chocolate bars with filling production growth failed to regain its momentum.

Production By Country in the EU

Germany (386K tonnes) remains the largest chocolate bars with filling producing country in the European Union, comprising approx. 41% of total volume. Moreover, the volume of production in Germany exceeded the figures recorded by the second-largest producer, the Netherlands (178K tonnes), twofold. The third position in this ranking was occupied by Italy (108K tonnes), with a 12% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in Germany amounted to +3.7%. The remaining producing countries recorded the following average annual rates of production growth: the Netherlands (+0.5% per year) and Italy (+9.1% per year).

Exports in the EU

In 2018, approx. 649K tonnes of chocolate bars with fillings were exported in the European Union; jumping by 4.6% against the previous year. The total exports indicated a tangible increase from 2007 to 2018: its volume increased at an average annual rate of +3.3% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the volume of exports attained its maximum in 2018 and isexpected to retain its growth in the immediate term. In value terms, chocolate bars with filling exports stood at $3.4B (IndexBox estimates) in 2018.

Exports by Country

Germany (197K tonnes) and the Netherlands (185K tonnes) represented roughly 59% of total exports of chocolate bars with fillings in 2018. Poland (43K tonnes) occupied a 6.6% share (based on tonnes) of total exports, which put it in second place, followed by Austria (6.5%). Belgium (26K tonnes), the UK (21K tonnes), Italy (20K tonnes), Spain (17K tonnes), France (15K tonnes), Hungary (13K tonnes), the Czech Republic (12K tonnes) and Bulgaria (10K tonnes) occupied a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Bulgaria, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bars with filling supplying countries in the European Union were Germany ($1.3B), the Netherlands ($813M) and Poland ($200M), together comprising 66% of total exports. These countries were followed by Italy, Austria, Belgium, the UK, France, Spain, Hungary, the Czech Republic and Bulgaria, which together accounted for a further 25%.

Export Prices by Country

In 2018, the average export price for chocolate bars with filling in the European Union amounted to $5,297 per tonne, jumping by 3% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +1.6%.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($7,684 per tonne), while Austria ($3,567 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, the amount of chocolate bars with fillings imported in the European Union stood at 553K tonnes, increasing by 5.2% against the previous year. The total imports indicated a remarkable expansion from 2007 to 2018: its volume increased at an average annual rate of +4.2% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, imports  of chocolate bars with filling totaled $2.6B (IndexBox estimates) in 2018.

Imports by Country

The imports of the five major importers of chocolate bars with fillings, namely the UK, Germany, France, the Netherlands and Poland, represented more than half of total import. Belgium (22K tonnes), Romania (21K tonnes), Italy (21K tonnes), Sweden (20K tonnes), Austria (18K tonnes), Hungary (15K tonnes) and Denmark (15K tonnes) held a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Poland, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest importing markets for chocolate bars with filling in the European Union were the UK ($366M), Germany ($359M) and France ($294M), together comprising 39% of total imports. These countries were followed by the Netherlands, Poland, Italy, Sweden, Belgium, Austria, Romania, Denmark and Hungary, which together accounted for a further 41%.

Import Prices by Country

The average import price for chocolate bars with filling in the European Union stood at $4,727 per tonne in 2018, rising by 3.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern.

Average prices varied somewhat amongst the major importing countries. In 2018, the major importing countries recorded the following average prices: in Italy ($5,759 per tonne) and Sweden ($5,656 per tonne), while Hungary ($4,010 per tonne) and the UK ($4,028 per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Archives, Global Trade Daily, Imports/Exports

Chocolate & Confectionery Market in the USA

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IndexBox has just published a new report, the U.S. Chocolate And Confectionery Market. Analysis And Forecast to 2025. Here is a summary of the report’s key findings.

The revenue of the chocolate and confectionery market in the U.S. amounted to $6B in 2018, picking up by 13% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +5.6% over the period from 2013 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review.

The pace of growth was the most pronounced in 2014, when the market value increased by 42% against the previous year. In that year, the chocolate and confectionery market reached its peak level of $6.5B. From 2015 to 2018, the growth of the chocolate and confectionery market remained at a somewhat lower figure.

Chocolate And Confectionery Production in the USA

In value terms, chocolate and confectionery production totaled $4.9B in 2018. The total output value increased at an average annual rate of +3.5% over the period from 2013 to 2018; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014, when it surged by 7.5% against the previous year.

Chocolate And Confectionery Exports

Exports from the USA

In 2018, chocolate and confectionery exports from the U.S. amounted to 12K tonnes, picking up by 7.3% against the previous year. In general, chocolate and confectionery exports continue to indicate an abrupt setback.

In value terms, chocolate and confectionery exports stood at $47M (IndexBox estimates) in 2018.

Exports by Country

Russia (1.7K tonnes), Brazil (1.2K tonnes) and South Korea (760 tonnes) were the main destinations of chocolate and confectionery exports from the U.S., together comprising 31% of total exports. These countries were followed by Bulgaria, Colombia, Japan, Guatemala, the Philippines, Viet Nam, China, Hong Kong SAR, China and the Dominican Republic, which together accounted for a further 36%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Viet Nam (+107.8% per year), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($9.8M) remains the key foreign market for chocolate and confectionery exports from the U.S., comprising 21% of total chocolate and confectionery exports. The second position in the ranking was occupied by South Korea ($3.1M), with a 6.5% share of total exports. It was followed by China, Hong Kong SAR, with a 6.4% share.

Export Prices by Country

In 2018, the average chocolate and confectionery export price amounted to $4 per kg, going down by -8.3% against the previous year. In general, the chocolate and confectionery export price continues to indicate a measured setback.

There were significant differences in the average export prices for the major foreign markets. In 2018, the country with the highest export price was China, Hong Kong SAR ($7.6 per kg), while the average price for exports to Bulgaria ($1 per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to the Dominican Republic (+4.2% per year), while the export prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into the USA

In 2018, the amount of chocolate and confectionery imported into the U.S. stood at 363K tonnes, waning by -2.1% against the previous year. The total import volume increased at an average annual rate of +3.7% over the period from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016, with an increase of 16% year-to-year. Over the period under review, chocolate and confectionery imports reached their maximum at 371K tonnes in 2017, and then declined slightly in the following year.

In value terms, chocolate and confectionery imports stood at $1.4B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +3.5% over the period from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations over the period under review. Over the period under review, chocolate and confectionery imports attained their maximum at $1.4B in 2016; however, from 2017 to 2018, imports remained at a lower figure.

Imports by Country

Indonesia (77K tonnes), the Netherlands (57K tonnes) and Cote d’Ivoire (43K tonnes) were the main suppliers of chocolate and confectionery imports to the U.S., with a combined 49% share of total imports. Malaysia, Ghana, Belgium, Germany, Spain, Brazil, France, Cameroon and India lagged somewhat behind, together comprising a further 37%.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by India (+32.1% per year), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($358M) constituted the largest supplier of chocolate and confectionery to the U.S., comprising 26% of total chocolate and confectionery imports. The second position in the ranking was occupied by the Netherlands ($150M), with a 11% share of total imports. It was followed by Cote d’Ivoire, with a 8.5% share.

Import Prices by Country

The average chocolate and confectionery import price stood at $3.8 per kg in 2018, increasing by 3.5% against the previous year. In general, the chocolate and confectionery import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was India ($5.4 per kg), while the price for Cameroon ($1.6 per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by India (+8.1% per year), while the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

Hershey Company, Barry Callebaut USA, Godiva Chocolatier, Guittard Chocolate Co., The Warrell Corporation, World’s Finest Chocolate, Astor Chocolate Corp., Champlain Chocolate Company, Elmer Candy Corporation, Madelaine Chocolate Novelties, Mars Retail Group, Sweetworks, Frankford Candy, Lake Country Foods, Trufood Mfg., T R Toppers, Totally Chocolate, Rocky Mountain Chocolate Factory, Hawaiian Host, Blommer Chocolate Company of California, London Harry Candies, Cargill Cocoa & Chocolate, Fantasy Chocolates, Lindt & Sprungli (usa), Karl Bissinger, Rocky Mountain Chocolate Factory

Source: IndexBox AI Platform