uk chocolate market share 2019

Also, its rising application in other industries such as frozen desserts and ice-creams is surging its market growth. European Premium Chocolate Market 2019-2024 Forecast by Cacao Magazine July 2, 2019 January 13, 2020 A report by market research agency ResearchAndMarkets has forecasted the premium chocolate market in Europe to reach USD 13 billion by 2024, with an estimated compound annual growth rate (CAGR) of 8.66% over the next five years. Reply. Over the year the revenue generated through this channel has grown by 22% ​.” Traditional chocolate accounted for the largest share of 99.4% in 2019. I believe Fry’s chocolates are made in UK. The UK market for compound chocolate is consolidated and dominated by players, such as Cargill Inc., Puratos Group, and Barry Callebaut Group. The deal would have created… Aimée Allam on March 21, 2019 . In conjunction with IRi, extensive point of sale data shows you what consumers are spending their money on, How big is the market today and what is our 5 year forecast? The market size includes sales through all retail channels including direct to consumer. Made in West Sussex. Mintel’s proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues. Chocolate & Confectionery Production in the UK industry outlook (2020-2025) poll Average industry growth 2015-2020: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. Download our confectionery report 2019 . Summary. How are the top 10 chocolate brands performing? Providing the most comprehensive and up-to-date information and analysis of the UK Chocolate Confectionery market, its consumers and the major players who make up the market. No comments. The increasing demand and growing popularity of dark and organic chocolates are fuelling market growth. Sweet-toothed adults will consume a massive 18,144 chocolate bars, cakes and biscuits in their lifetime. The increasing demand and growing popularity of dark and organic chocolates are fuelling the market’s growth. © 2020. George Eustice, food and farming minister said: “ There has been a huge growth in the number of independent chocolatiers in the UK and they are very adept at creating delicious products that are shaping consumer tastes around the world. The demand for dark compound chocolate flavors has been witnessed with an increasing trend, where it is majorly being used in the confectionery and bakery industries in the United Kingdom, since dark chocolate contains no milk solids, and is suitable for vegan baking as well, which is expected to increase substantially. They do a lovely range including vegan and organic truffles. Amid sugar concerns, changing tastes and the small matter of Brexit, confectionery hasn’t had it easy this year. With COVID-19 prompting a nationwide lockdown, out-of-home snacking disappeared overnight, but the traditional associations of many snacks as offering a low-cost mood boost kept them firmly on the menu at home.With consumers and the government more concerned than ever with healthy eating,... “With myriad products competing to give consumers a mood-boosting sugar fix during times of uncertainty, compelling NPD will remain vital for players in the sweets market. Consumers’ preference for ‘less but better’ chocolate puts manufacturers in a difficult situation when it comes to making these treats healthier. Chocolate Confectionery Market 2019-2023: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The Europe Chocolate market is growing at a CAGR of 3.6% during the forecast period (2020-2025). All images provided by the companies mentioned. UK CONFECTIONERY TRENDS 2019; UK CONFECTIONERY TRENDS 2019. European chocolate market is highly competitive, with the presence of numerous leading players accounting for the majority of the market share. The UK compound chocolate market has been segmented by type into dark, milk and white chocolate; and by form into chocolate chips/drops/chunks, chocolate slab, chocolate coatings, and others. This market covers wrapped countlines, tablets, individually wrapped, non- individually wrapped, seasonal and other chocolate confectionery. To understand geography trends, Download Sample Report. The primary factor driving the market for compound chocolates in the country is the rising consumer expenditure on indulgent confectionery products, especially chocolate confectioneries. The rise of dark, Brexit effects and the British chocolate boom: bumper confectionery category report 2019. Global chocolate market is highly competitive, with the presence of numerous leading players accounting for the major share. The market is under pressure from the government, which is calling on treat categories to reduce sugar and calories. Moreover, the United Kingdom is renegotiating trade agreements under the fair-trade policy and the government is ensuring changes in trade agreements with countries across the world for fairer trading policies, thereby, providing a favorable environment for small-scale compound chocolate manufacturers to establish themselves in the country. By application, the market is segmented into bakery, confectionery, frozen desserts and ice-cream, beverages, cereals, others. For instance, dark compound coating product such that YYD-D1151, which is manufactured by Barry Callebaut, is a fast-melting chocolate compound for ice cream. Mintel Group Ltd. Mintel House, 4 Playhouse Yard, London EC4V 5EX Registered in England: Number 1475918. Cocoa Powder Experiences Widening Application Spectrum, Cocoa butter is Increasingly Employed for Premiumised Offerings Cocoa powder is expected to witness the widening application spectrum in the forecast period (2019-2025) with the demand coming from the compound chocolate sector. The UK Competition and Markets Authority delivered a major blow to the efforts of Sainsbury Plc to acquire Asda, the WalMart-owned grocery competitor. The UK Chocolate market is the largest within the European Union (30 percent of the EU market) with British citizens consuming more chocolate than any other EU nation (Barnett, 2006). Also, meticulous efforts are put on by the players to get the most out of cacao beans as better quality ingredients. According to Mintel, the sugar and gum confectionery market is estimated to see a rise in value of 10.4% between 2015 and 2020, bolstered by increasing prices despite a slight fall in predicted sales. Includes both best & worst case scenarios. The robust trend of healthy snacking is accompanied by growing demand for premiumised and indulgent offerings with chocolate flavor as most sought after one. Small-scale compound chocolate makers are forging their way and claiming their stakes to serve world-renowned chocolate makers. Senior Food & Drink Analyst. Thomas on July 29, 2019 at 10:28 pm. However, few factors such as the shortage of quality cocoa have resulted in soaring prices that hit the cocoa users, such as bakers and confectioners, and the importing of quality cocoa, are thus restraining the UK market. The UK compound chocolate market is growing at a CAGR of 3.32% during the forecast period (2019-2024). For instance, NATRA offers organic and no-added-sugar variants of white, dark, and milk compound chocolate apart from fillings and cocoa powder in the country. With less than 2% market share of the £6bn UK chocolate market, Hotel Chocolat will continue the strategy of opening new stores in conjunction with increased revenue coming from the digital space. The 2019 United Kingdom Confectionery Market - Analysis & Outlook (2013-2023): Cereal Bars; the Fastest Growing Segment in the Last Five Years (5.26% CAGR) - ResearchAndMarkets.com The milk chocolate held the largest share of the market in 2018, accounting for over 45% share, followed by dark chocolate, and white chocolate respectively. Read our top ten list of British-made chocolate brands. Global chocolate confectionery market size from 2019 to 2027 Global confectionery market: leading companies 2019, based on net sales Share of global chocolate confectionery market 2019, by region ... 2019 at 10:02 am. Sign up for exclusive offers, promotions and insights. Ghana cocoa trees are cultivated on small farms in amongst other rainforest crops as. 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