Global White Chocolate Market Scenario Focusing on Improvements Shaping Industry Growth

Posted on 2018-05-03 by Mark Hub in Food & Beverage // 0 Comments

Albany, USA, 2018-May-03 — /EPR Network/ —Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Global Market Study on White Chocolate: Growing Demand in Food & Beverage and Cosmetics Industry to Fuel Growth During 2017-2026” offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the global White Chocolate market have been elaborated upon in the research report.

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The global chocolate industry is focusing on broadening its portfolio of product offerings that can appeal to the evolving needs of health-conscious consumers. Inclusion of organic and natural ingredients in chocolates has witnessed steady demand over the years on account of growing awareness among end-users. There has also been a marked preference for white chocolates, as these are perceived to be ‘healthier’ alternatives to conventional chocolates.

Manufacturers are stepping up their efforts by working on innovative packaging, developing products in a way to enhance shelf-life, improving distribution channel, and augmenting the nutritional value of their products. Leading manufacturers are working towards developing cost-effective and nutritional ingredients, as a result of which, the market for white chocolates is set to display a remarkable headway in the assessment period, 2017-2026.

Rising awareness regarding the advantages of consuming white chocolates is leading to growing adoption, especially in the developed countries. Even though the adoption rate of white chocolates is notable, there is yet lot of opportunity for further penetration of white chocolates in the chocolate industry. However, consumer preference for dark chocolates remains a key impediment to market growth.

The global white chocolate market is poised to grow at 6.5% CAGR during the estimate period, 2017-2026. By the end of 2026, nearly US$ 23,509.4Mn worth of white chocolate will be sold globally, with North America accounting for the bulk of demand.

Preference for Caramelized White Chocolate a Key Trend in the Market

Manufacturers have been using light-colored chocolate since a long time and stepping up their efforts by going mainstream. In the confectionary industry, adoption of golden hues is growing at a brisk pace. The toasting and deeper flavor of caramelized white chocolate has been trending amongst chefs and manufacturers. Use of caramelized white chocolate in making desserts is also creating new avenues of growth for manufacturers. In a bid to expand their consumer base, manufacturers are focusing on improving the nutritional value of their offerings, and position white chocolates as a healthy snacking option.

Cosmetics Industry Likely to Create Significant Opportunities for Manufacturers

White chocolate is perceived as a beneficial product for skin regeneration and hydration. Owing to its benefits in skin care, the cosmetic industry is incorporating white chocolate in their offerings. The trend of adopting white chocolate in skin care products is especially pronounced in face care segment. In addition to white chocolate, cosmetic companies are focusing on including bourbon vanilla and jojoba oil in their products to offer organic and natural solutions to consumers.

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Leading Players Focusing on Developing Cost-Efficient and New Production Techniques

Leading players in the white chocolate market are focusing on developing cost-efficient and new production techniques. Reduction of manufacturing costs and penetration into new application areas are the other key focus areas for manufacturers. Some of the leading players in the market include The Hershey Company, Mondelez International, Agostoni Chocolate, GCPPL Ltd., Chocolatiers (UK) Ltd, Barry Callebaut, Nestle SA, Blommer Chocolate Company, Ferrero, Ghirardelli Chocolate Co., Unilever and Mars Incorporated.

Competition Landscape

The report takes account of a thorough competitive landscape unit, which provides the readers with insights on the prominent players effective in the market. The business and product strategies of the prominent players have been reviewed in detail and readers are provided with holistic insights regarding the developments in the profiled companies. This section of the report additionally offers information based on the financials of these companies along with total profits and revenues across an array of product offerings. This given information will be of help to the manufacturers for SWOT analysis of the market.

The report covers the landscape of global market for white chocolate and its estimations for market growth in the upcoming years. The information regarding key companies is brought together through extensive primary & secondary research. Company investor and press releases, trade associations and industry databases have been referred for thorough company profiling. In addition, this report provides an easy and visually accessible platform to the clients by means of which, they can analyze the value of their as well as competitive products.

Readers, especially manufacturers can be benefitted with 360 degree and comprehensive insights on all the important factors which are contributing towards the growth of market. Apart from acquiring analysis and valuable information on the supplier-consumer landscape in the white chocolate market, the report will offer stakeholders well-structured insights that will be beneficial in developing business strategies for the purpose of market growth.

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