White Chocolate Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71864
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The white chocolate market share is expected to increase by USD 1.78 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 1.82%.

This white chocolate market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers white chocolate market segmentation by product (white chocolate bars, white chocolate bulk, and white chocolate truffles) and geography (Europe, North America, APAC, South America, and MEA). The white chocolate market report also offers information on several market vendors, including Barry Callebaut AG, Cargill Inc., Ferrero International SA, Lindt and Sprungli (USA) Inc., Lotte Shopping Co. Ltd., Mars Inc., Mondelez International Inc., Nestle SA, Strauss Group Ltd., and The Hershey Co. among others.

What will the White Chocolate Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the White Chocolate Market Size for the Forecast Period and Other Important Statistics

 

White Chocolate Market: Key Drivers and Trends

The increasing premiumization of chocolates is notably driving the white chocolate market growth, although factors such as unstable cocoa prices and declining per capita consumption may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the white chocolate industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key White Chocolate Market Driver

The global demand for premium chocolates is growing, particularly in emerging economies such as China, India, and Brazil. Vendors such as Mars, Barry Callebaut, and Mondelez International are increasing efforts to improve differentiation, premiumization, and personalization in their chocolate segments with new premium offerings. Premium chocolates offer vendors higher profit margins and have a better taste and quality. Thus, currently, many players are launching premium chocolates to attract consumers who are influenced by price, packaging, ingredients, exclusivity, and provenance. The practice of using premium chocolates as gifts due to their quality and taste is also high. Thus, vendors such as Chocoladefabriken Lindt & Sprungli, Ferraro, and Godiva Chocolatier offer premium chocolates as gifts. The growing demand for organic, sugar-free, vegan, and gluten-free chocolates is also driving the growth of the premium chocolate market. Moreover, with the growing awareness about the negative effects of synthetic products, most consumers have started using organic products, which is boosting the demand for premium chocolates. The demand for limited edition chocolates plays an important role in market growth. Various companies launch a range of premium chocolate varieties during festive seasons. 

Key White Chocolate Market Challenge

The primary component of chocolate, cocoa, has been witnessing a fluctuating price range for the past decade. The fluctuating price of cocoa makes the chocolate production cost more volatile and prevents marketers of chocolate products from estimating their production cost on a yearly basis. As chocolates are high-selling confectionery items in the global confectionery market, volatility in cocoa prices has become a major challenge for the regional confectionery market. Disease, aging crops, and political instability are the influencing factors in the volatile cocoa market. Cocoa price fluctuations can also impact the supply chain of chocolate manufacturing. 

This white chocolate market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major White Chocolate Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Barry Callebaut AG
  • Cargill Inc.
  • Ferrero International SA
  • Lindt and Sprungli (USA) Inc.
  • Lotte Shopping Co. Ltd.
  • Mars Inc.
  • Mondelez International Inc.
  • Nestle SA
  • Strauss Group Ltd.
  • The Hershey Co.

 

This statistical study of the white chocolate market encompasses successful business strategies deployed by the key vendors. The white chocolate market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The white chocolate market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for White Chocolate Market?

For more insights on the market share of various regions Request for a FREE sample now!

43% of the market’s growth will originate from Europe during the forecast period. Germany and France are the key markets for white chocolate in Europe. Market growth in this region will be faster than the growth of the market in MEA, North America, and South America.

Increasing product innovations and launches will facilitate the white chocolate market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the White Chocolate Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The white chocolate market share growth by the white chocolate bars segment will be significant during the forecast period. Major vendors operating in the global white chocolate bars segment include Nestlé, Mondelez International, Mars, Barry Callebaut, and Arcor. Product innovation boosts the growth of the global white chocolate bars segment, and popular chocolate brands are focusing on launching innovative products. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the white chocolate market size and actionable market insights on post COVID-19 impact on each segment.

 

White Chocolate Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 1.82%

Market growth 2021-2025

$ 1.78 billion

Market structure

Fragmented

YoY growth (%)

1.50

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 43%

Key consumer countries

US, China, Germany, France, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Barry Callebaut AG, Cargill Inc., Ferrero International SA, Lindt and Sprungli (USA) Inc., Lotte Shopping Co. Ltd., Mars Inc., Mondelez International Inc., Nestle SA, Strauss Group Ltd., and The Hershey Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this White Chocolate Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive white chocolate market growth during the next five years
  • Precise estimation of the white chocolate market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the white chocolate industry across Europe, North America, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of white chocolate market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • White chocolate bars - Market size and forecast 2020-2025
    • White chocolate bulk - Market size and forecast 2020-2025
    • White chocolate truffles - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Barry Callebaut AG
      • Cargill Inc.
      • Ferrero International SA
      • Lindt and Sprungli (USA) Inc.
      • Lotte Shopping Co. Ltd.
      • Mars Inc.
      • Mondelez International Inc.
      • Nestle SA
      • Strauss Group Ltd.
      • The Hershey Co.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The white chocolate market growth will increase by $1781.31 million during 2020-2025.
      The white chocolate market is expected to grow at a CAGR of 1.82% during 2020-2025.
      Technavio has segmented the white chocolate market by product (White chocolate bars, White chocolate bulk, and White chocolate truffles) and geographic (Europe, North America, APAC, South America, and MEA).
      Barry Callebaut AG, Cargill Inc., Ferrero International SA, Lindt and Sprungli (USA) Inc., Lotte Shopping Co. Ltd., Mars Inc., Mondelez International Inc., Nestle SA, Strauss Group Ltd., The Hershey Co. are a few of the key vendors in the white chocolate market.
      Europe will register the highest growth rate of 43.26% among the other regions. Therefore, the white chocolate market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • China
      • Germany
      • France
      • Canada
      The key factors driving the white chocolate market growth are:
      • Increasing premiumization of chocolates
      The white chocolate market vendors should focus on grabbing business opportunities from the white chocolate bars segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Consumer Staples
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>