Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global White Chocolate Market Outlook

The global white chocolate market attained a value of USD 18.82 billion in 2023. The market is further anticipated to reach USD 21.55 billion by 2032, growing at a CAGR of 1.5% over the forecast period of 2024-2032.

Global White Chocolate Market

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With distinctive taste and properties, the product is used in various products such as beverages- coffee, milkshakes, and smoothies; snack-foods- chips, popcorns, cookies, and cupcakes; and cosmetics –nail enamel, wax, and oil. In addition, it is being increasingly adopted for skincare, including skin regeneration and hydration. Owing to the expanding application of white chocolate, the market is expected to exhibit significant growth during the forecast period.

Based on the distribution channel, the supermarkets/hypermarkets accounted for the majority of the market share, as they offer discounted deals on an everyday basis to buyers and cater to the one-stop-shop experience. Regionally, Western Europe dominated the global white chocolate market in 2020 across the globe due to the presence of leading chocolate producers in the region.

Properties and Applications

White chocolate is a confectionery product, which is produced from sugar, cocoa butter, and milk products, and a fatty emulsifier called lecithin that aids in keeping all the ingredients together. Among these, cocoa butter is the key ingredient used, which provides a subtle flavour in white chocolate. Sometimes, vanilla is also used to enhance the flavour of chocolate. It is available in white, ivory, or pale-yellow colours, and tastes completely different from dark chocolate. In addition, the melting point of white chocolate is relatively higher than other chocolates, which aids in keeping it in solid form at room temperature. 

Global White Chocolate Market By Distribution Channel

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The white chocolate market can be broadly segmented on the basis of its distribution channel into:

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Non-Grocery Stores
  • Online/E-Retailing
  • Others

The EMR report looks into the regional white chocolate markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global White Chocolate Market By Region

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Market Analysis

White chocolate is available in various shades of white colour such as pale yellow, ivory, and pure white. It is widely used in the preparation of various food products as well as beverages such as cakes, tarts, cookies, cupcakes, popcorns, cold coffee, milkshakes, and smoothies. Additionally, sometimes special oil-based colour is also fused to the white chocolate for making different confectionary products, such as frosting, icing, fondant, and modelling paste. Also, it is rich in fat content and has a complex taste. Many contemporary restaurant chefs are using white chocolate with savoury ingredients to enhance the flavour of the dishes. Besides this, white chocolate also finds numerous applications in the cosmetics industry, wherein it acts as a vital ingredient in the manufacturing of wax, nail enamel, and oil. Furthermore, manufacturers are focusing on developing cost-effective new production techniques, coupled with investing in research and development activities to broaden their product portfolio. These factors are expected to drive the growth of the white chocolate market in the coming years. Besides, the rising number of health-conscious consumers is further expected to increase the demand for white chocolate over the forecast period of 2024-2032.

Competitive Landscape

The report gives a detailed analysis of the following key players in the global white chocolate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • The Hershey Company
  • Mondelez International
  • Nestlé SA
  • Chocoladefabriken Lindt & Sprüngli AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the white chocolate market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Distribution Channel
  • Region
Breakup by Distribution Channel
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Non-Grocery Stores
  • Online/E-Retailing
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • The Hershey Company
  • Mondelez International
  • Nestlé SA
  • Chocoladefabriken Lindt & Sprüngli AG
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global white chocolate market reached a value of USD 18.82 billion in 2023. 

The market is projected to grow at a CAGR of nearly 1.5% in the forecast period of 2024-2032.

The market is estimated to reach a value of about USD 21.55 billion by 2032.

The major drivers of the market include rising disposable incomes, increasing population, rising food and beverages and cosmetics industries, and the rising number of health-conscious consumers.

The development of cost-effective production techniques, increasing investing in research and development (R&D) activities to launch new products by key players, and the rising usage of white chocolate in the foodservice sector are the key trends propelling the market growth.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

Supermarkets/hypermarkets, convenience stores, non-grocery stores, and online/e-retailing, among others, are the major distribution channels of white chocolate.

The leading players in the market are The Hershey Company, Mondelez International, Nestlé SA, and Chocoladefabriken Lindt & Sprüngli AG, among others.

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