NEW
YORK, June 24, 2024 /PRNewswire/ -- The
global white chocolate market size is estimated to grow
by USD 9.11 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 4.87% during the forecast
period. Increasing premiumization of chocolates is
driving market growth, with a trend towards preference
for caramelized white chocolates. However, unstable cocoa
prices poses a challenge. Key market players include Alfred
Ritter GmbH and Co. KG, AUGUST STORCK
KG, Barry Callebaut AG, Cargill Inc., Carra Chocolates,
Chocoladefabriken Lindt and Sprungli AG, Darrell Lea Confectionery
Co. Pty Ltd., Ezaki Glico Co. Ltd., Ferrero International S.A.,
Fuji Oil Holdings Inc., ITC Ltd., Lotte Corp., Ludwig Weinrich GmbH
and Co. KG, MarieBelle, Mars Inc., Molinos Rio de la Plata SA,
Mondelez International Inc., Nestle SA, Nugali Chocolates, Strauss
Group Ltd., The Hershey Co., Unilever PLC, and Venchi SpA.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (White
chocolate bars, White chocolate bulk, and White chocolate
truffles), Distribution Channel (Offline and Online), and Geography
(Europe, North America, APAC, South America, and Middle East and
Africa)
|
Region
Covered
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Alfred Ritter GmbH and
Co. KG, AUGUST STORCK KG, Barry Callebaut AG, Cargill Inc., Carra
Chocolates, Chocoladefabriken Lindt and Sprungli AG, Darrell Lea
Confectionery Co. Pty Ltd., Ezaki Glico Co. Ltd., Ferrero
International S.A., Fuji Oil Holdings Inc., ITC Ltd., Lotte Corp.,
Ludwig Weinrich GmbH and Co. KG, MarieBelle, Mars Inc., Molinos Rio
de la Plata SA, Mondelez International Inc., Nestle SA, Nugali
Chocolates, Strauss Group Ltd., The Hershey Co., Unilever PLC, and
Venchi SpA
|
Key Market Trends Fueling Growth
White chocolate market is experiencing significant growth due to
increasing usage in the confectionery sector. Manufacturers are
focusing on enhancing the flavor of caramelized white chocolate
through toasting. This trend is opening new opportunities for
producers in the dessert industry. Additionally, efforts are being
made to boost the nutritional value of white chocolate, positioning
it as a healthy snacking alternative. These factors are expected to
fuel market expansion during the forecast period.
The white chocolate market has seen significant growth in recent
years. Key players in this industry include manufacturers and
suppliers of white chocolate. Products such as white chocolate
chips, white chocolate bars, and white chocolate powder are in high
demand. Consumers appreciate the sweet taste and smooth texture of
white chocolate. Additionally, the versatility of white chocolate
in various applications, including baking and confectionery, has
expanded its usage. The market is expected to continue growing due
to increasing consumer preferences for white chocolate.
Furthermore, the availability of various forms of white chocolate,
such as organic and fair trade, caters to diverse consumer needs.
Overall, the white chocolate market is a thriving business sector
with promising opportunities.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
• The white
chocolate market experiences volatility due to fluctuating prices
of its primary component, cocoa butter. Cocoa butter prices are
influenced by the unpredictable cacao bean market, which can be
affected by growing conditions and external factors like disease
and political instability. This volatility makes it challenging for
white chocolate manufacturers to estimate production costs and
hinders market growth during the forecast period. The increasing
demand for high-end, handcrafted white chocolates further
emphasizes the importance of a stable cocoa butter supply.
• The white
chocolate market faces several challenges. Production processes
require specific temperatures and conditions, making it more
complex than standard chocolate production. The use of vegetable
fats instead of cocoa butter can affect the final product's quality
and consumer acceptance. Additionally, the high cost of raw
materials, such as milk and sugar, can impact profitability. Raw
materials' availability and price volatility also pose challenges.
Furthermore, consumer preferences for healthier options may limit
the growth of the white chocolate market. Producers must address
these challenges to maintain competitiveness and meet consumer
demands.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This white chocolate market report extensively covers market
segmentation by
- Product
- 1.1 White chocolate bars
- 1.2 White chocolate bulk
- 1.3 White chocolate truffles
- Distribution Channel
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 White chocolate bars- White chocolate market
experiences consistent growth due to its popularity among
consumers. This demand is driven by its smooth texture and mild
sweetness, making it a preferred choice for various applications.
Manufacturers produce white chocolate through cocoa butter, sugar,
and milk solids, ensuring a high-quality product. Its versatility
in confectionery, bakery, and dairy industries further boosts its
market value. White chocolate's accessibility and affordability
contribute to its widespread usage, making it a significant player
in the global confectionery market.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
In developed economies, the consumer electronics sector
continues to expand, driving demand for raw materials such as
specialty glass. Telecommunication devices and electronic displays
require high-quality glass for their production. Construction
activities, including façades, windows, doors, railings, and glass
containers, also utilize large quantities of glass. The packaging
sector is another significant consumer of glass. Recyclable
materials are increasingly being used in the production of glass to
reduce economic activities' environmental impact. Solar panels, an
essential component of industrial activities, also rely on glass
for their manufacturing. Overall, the glass industry plays a
crucial role in various business verticals, including construction
and electronics, by providing raw materials for numerous
applications.
Market Research Overview
The White Chocolate Market encompasses various aspects of the
production, processing, and consumption of white chocolate. This
delectable treat, made from cocoa butter, sugar, and milk solids,
has gained significant popularity worldwide. Its unique taste and
versatility make it an essential ingredient in various industries,
including bakery, confectionery, and food service. The market is
driven by factors such as increasing consumer preference for white
chocolate, growing demand for premium and gourmet products, and
advancements in technology for white chocolate production.
Additionally, the market is influenced by trends like clean
labeling, organic and fair trade certifications, and the rise of
e-commerce platforms for sales and distribution.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- White Chocolate Bars
- White Chocolate Bulk
- White Chocolate Truffles
- Distribution Channel
-
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio