Global White Chocolate Market, By Product (White Chocolate Truffles, White Chocolate Bars, White Chocolate Bulk), Colour (White, Pale Yellow, Ivory), Snack Foods (Chips, Cookies, Popcorns, and Cupcakes), Beverages (Milkshakes, Coffee, and Smoothies), Cosmetics (Wax, Nail Enamel, Oil), Distributional Channel (Super Markets, Convenience Stores, Non-Grocery Retailers, Others), End User (Confectionery, Food and Beverage, Cosmetics, Pharmaceuticals) – Industry Trends and Forecast to 2029.
Global White Chocolate Market Analysis and Size
The worldwide chocolate industry is concentrating on expanding its product portfolio to meet the changing needs of health-conscious consumers. On account of increased knowledge among end-users, the usage of organic and natural ingredients in chocolates has seen constant demand over the years. White chocolates have also shown a strong preference, as they are seen as 'healthier' alternatives to traditional chocolates.
- Data Bridge Market Research analyses that the white chocolate market was valued at USD 18.25 billion in 2021 and is expected to reach USD 22.06 billion by 2029, registering a CAGR of 2.40% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Global White Chocolate Market Definition
White chocolate is a sweet treat prepared with cocoa, milk solids, sugar, and butter. It frequently contains additives, including palm oil and other fillers and an excessive amount of sweets. White chocolate's creamy texture and distinct scent and taste are primarily due to cocoa butter. Pure cocoa butter is also high in antioxidants, which are beneficial to the human body. Because of the rising cost of white chocolate, manufacturers are creating higher-quality varieties.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 - 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (White Chocolate Truffles, White Chocolate Bars, White Chocolate Bulk), Colour (White, Pale Yellow, Ivory), Snack Foods (Chips, Cookies, Popcorns, and Cupcakes), Beverages (Milkshakes, Coffee, and Smoothies), Cosmetics (Wax, Nail Enamel, Oil), Distributional Channel (Super Markets, Convenience Stores, Non-Grocery Retailers, Others), End User (Confectionery, Food and Beverage, Cosmetics, Pharmaceuticals)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Ghirardelli Chocolate Company (US), Barry Callebaut (Switzerland), The Kraft Heinz Company (US), Agostoni Chocolate (US), The Hershey Company (US), GCPPL Ltd. (India), Blommer Chocolate Company (US), Chocoladefabriken Lindt & Sprüngli AG (Switzerland), Ferrero (Italy), Mondelez International (US), Chocolatiers (UK) Ltd. (UK), Nestle S.A (Switzerland), Cargill, Incorporated. (US), LOTTE SHOPPING Co., Ltd. (South Korea), Mars, Incorporated (US), Mondelez International Inc. (US), Strauss Group (Israel), Favarger SA (Switzerland), Unilever (UK), Chocolat Bernrain AG (Switzerland)
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Market Opportunities
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White Chocolate Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rising awareness about various applications of white chocolate
The rise in awareness about various applications of white chocolate will flourish the 'market's growth rate. Customers are also becoming more aware of the many uses for white chocolate, including ice creams, chocolates, and many coffee types. As a result, market players and companies in nations like the United Kingdom and Japan are manufacturing chocolate-flavoured items, which are predicted to increase white chocolate sales.
Furthermore, rising urbanization and increasing level of disposable income will drive market value growth. Also, shifting consumer preferences from traditional white chocolate to delicious and premium white chocolate and increasing penetration of e-commerce sector will cushion the growth rate of white chocolate market. Another significant factor influencing the 'market's growth rate is the increasing trend of health and wellness among consumers.
Opportunities
- Increasing preference for caramelized white chocolate
The rise in preference for caramelized white chocolate will create new market opportunities during the forecast period. The use of caramelized white chocolate in desserts is also opening up new potential opportunities for manufacturers. Manufacturers are concentrating on boosting their offerings' nutritional content to extend their consumer base and portray white chocolates as a healthy snacking alternative.
The increasing adoption rate of white chocolate in skin care products will boost new market opportunities for the 'market's growth rate. Moreover, rise in strategic collaborations and emerging new markets will act as market drivers and further boost beneficial opportunities for the 'market's growth rate.
Restraints/ Challenges Global White Chocolate Market
- High cost associated with white chocolate
The high cost associated with white chocolate will impede the 'market's growth rate. Along with this, high preference of consumers to dark chocolate will negatively impact the market'market's growth rate.
On the other hand, the rising trend of fitness among people will hinder the 'market's growth rate. The negative impact of COVID-19 outbreak on supply chain and lack of awareness will act as market restraint and further challenge the market growth rate.
This white chocolate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the white chocolate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on White Chocolate Market
Since its emergence in December 2019, the COVID-19 virus has spread to nearly every country on the planet, prompting the World Health Organization (WHO) to declare it a public health emergency. The COVID-19 pandemic had a significant influence on the market for white chocolate. The growing number of cases around the world has resulted in a global lockdown and supply chain disruption. The industries' operations and manufacturing units were shut down. The industrial activity were ceased, and output was halted as a result. The outbreak had a profound impact on the market for white chocolate.
Globally, it had a significant impact on the market's sales sector. Due to lockdown restrictions, deliveries to distribution channels such as supermarkets, retail stores, and specialized stores were halted. As a result, the market suffered a significant revenue loss. The white chocolate market size was majorly influenced by these variables.
Recent Development
- In May 2021, Happi had announced the launch of a new white chocolate range. Happi boasts a 'rich and creamy' taste with no artificial colours, flavours, or preservatives and is created with gluten-free oat milk and rice syrup.
Global White Chocolate Market Scope
The white chocolate market is segmented on the basis of product, colour, snack foods, beverages, cosmetics, distribution channel and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- White Chocolate Truffles
- White Chocolate Bars
- White Chocolate Bulk
On the basis of product, the white chocolate market is segmented into white chocolate truffles, white chocolate bars, and white chocolate bulk.
Colour
- White
- Pale Yellow
- Ivory
On the basis of colour, the white chocolate market is segmented into white, pale yellow, and ivory.
Snack Foods
- Chips
- Cookies
- Popcorns
- Cupcakes
On the basis of snack foods, the white chocolate market is segmented into chips, cookies, popcorns, and cupcakes.
Beverages
- Milkshakes
- Coffee
- Smoothies
On the basis of beverages, the white chocolate market is segmented into milkshakes, coffee, and smoothies.
Cosmetics
- Wax
- Nail Enamel
- Oil
On the basis of cosmetics, the white chocolate market is segmented into wax, nail enamel, and oil.
Distributional Channel
- Super Markets
- Convenience Stores
- Non-Grocery Retailers
- Others
On the basis of distribution channel, the white chocolate market is segmented into super markets, convenience stores, non-grocery retailers and others.
End User
- Confectionery
- Food and Beverage
- Cosmetics
- Pharmaceuticals
On the basis of end user, the white chocolate market is segmented into confectionery, food and beverage, cosmetics, and pharmaceuticals.
White Chocolate Market Regional Analysis/Insights
The white chocolate market is analyzed and market size insights and trends are provided by country, form, nature, type, base, flavour, distribution channel, packaging and end use as referenced above.
The countries covered in the white chocolate market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA).
North America and Europe dominate the white chocolate market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the rising use of white chocolate in meal preparation and celebrations in these regions. The rise of the white chocolate market in Europe has been boosted by frequent product introductions and a growing desire for organic and vegan chocolate.
Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period of 2022 to 2029 due to the expansion of confectionery and bakery products market in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and White Chocolate Market Share Analysis
The white chocolate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to white chocolate market.
Some of the major players operating in the white chocolate market are:
- Ghirardelli Chocolate Company (US)
- Barry Callebaut (Switzerland)
- The Kraft Heinz Company (US)
- Agostoni Chocolate (US)
- The Hershey Company (US)
- GCPPL Ltd. (India)
- Blommer Chocolate Company (US)
- Chocoladefabriken Lindt & Sprüngli AG (Switzerland)
- Ferrero (Italy)
- Mondelez International (US)
- Chocolatiers (UK) Ltd. (UK)
- Nestle S.A (Switzerland)
- Cargill, Incorporated. (US)
- LOTTE SHOPPING Co., Ltd. (South Korea)
- Mars, Incorporated (US)
- Mondelez International Inc. (US)
- Strauss Group (Israel)
- Favarger SA (Switzerland)
- Unilever (UK)
- Chocolat Bernrain AG (Switzerland)
Research Methodology : Global White Chocolate Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.
To know more about the research methodology, drop in an inquiry to speak to our industry experts
https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-white-chocolate-market
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