Reports
Global White Chocolate Market Size, Share, Trends, Growth: By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Non-Grocery Stores, Online/E-Retailing, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global White Chocolate Market Outlook
The global white chocolate market attained a value of USD 18.54 billion in 2023. The market is further anticipated to reach USD 20.3 billion by 2032, growing at a CAGR of 1.5% over the forecast period of 2024-2032.
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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.
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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.
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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.
| 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, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| 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 |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Chocolate Market Overview
8.1 Key Industry Highlights
8.2 Global Chocolate Historical Market (2018-2023)
8.3 Global Chocolate Market Forecast (2024-2032)
8.4 Global Chocolate Market by Type
8.5 Global Chocolate Market by Packaging
8.6 Global Chocolate Market by End Use
8.7 Global Chocolate Market by Region
8.7.1 North America
8.7.2 Europe
8.7.3 Asia Pacific
8.7.4 Latin America
8.7.5 Middle East and Africa
9 Global White Chocolate Market Analysis
9.1 Key Industry Highlights
9.2 Global White Chocolate Historical Market (2018-2023)
9.3 Global White Chocolate Market Forecast (2024-2032)
9.4 Global White Chocolate Market by Distribution Channel
9.4.1 Supermarkets/Hypermarkets
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2023)
9.4.1.3 Forecast Trend (2024-2032)
9.4.2 Convenience Stores
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2023)
9.4.2.3 Forecast Trend (2024-2032)
9.4.3 Non-Grocery Stores
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2023)
9.4.3.3 Forecast Trend (2024-2032)
9.4.4 Online/E-Retailing
9.4.4.1 Market Share
9.4.4.2 Historical Trend (2018-2023)
9.4.4.3 Forecast Trend (2024-2032)
9.4.5 Others
9.5 Global White Chocolate Market by Region
9.5.1 Market Share
9.5.1.1 North America
9.5.1.2 Europe
9.5.1.3 Asia Pacific
9.5.1.4 Latin America
9.5.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Price Analysis
13.1 Price Structure
13.2 Price Trends
14 Manufacturing Process
14.1 Detailed Process Flow
14.2 Operations Involved
14.3 Mass Balance and Raw Material
15 Project Details, Requirements and Cost Analysis
15.1 Land, Location and Site Development
15.2 Construction
15.3 Plant Layout
15.4 Plant Machinery
15.5 Raw Material Requirement
15.6 Packaging
15.7 Transportation
15.8 Utilities
15.9 Manpower
15.10 Other Capital Investment
16 Loans and Financial Assistance
17 Project Economics
17.1 Capital Cost of Project
17.2 Techno-Economic Parameters
17.3 Product Pricing and Margins
17.4 Taxation and Depreciation
17.5 Income Projections
17.6 Expenditure Projections
17.7 Financial Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Key Players’ Market Share
18.3 Company Profiles
18.3.1 The Hershey Company
18.3.1.1 Company Overview
18.3.1.2 Product Portfolio
18.3.1.3 Demographic Reach and Achievements
18.3.1.4 Financial Summary
18.3.1.5 Certifications
18.3.2 Mondelez International
18.3.2.1 Company Overview
18.3.2.2 Product Portfolio
18.3.2.3 Demographic Reach and Achievements
18.3.2.4 Financial Summary
18.3.2.5 Certifications
18.3.3 Nestlé SA
18.3.3.1 Company Overview
18.3.3.2 Product Portfolio
18.3.3.3 Demographic Reach and Achievements
18.3.3.4 Financial Summary
18.3.3.5 Certifications
18.3.4 Chocoladefabriken Lindt & Sprüngli AG
18.3.4.1 Company Overview
18.3.4.2 Product Portfolio
18.3.4.3 Demographic Reach and Achievements
18.3.4.4 Financial Summary
18.3.4.5 Certifications
18.3.5 Others
19 Industry Events and Developments
List of Key Figures and Tables
1. Global Chocolate Market: Key Industry Highlights, 2018 and 2032
2. Global Chocolate Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Chocolate Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Chocolate Historical Market: Breakup by Packaging (USD Billion), 2018-2023
5. Global Chocolate Market Forecast: Breakup by Packaging (USD Billion), 2024-2032
6. Global Chocolate Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Chocolate Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Chocolate Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Chocolate Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. Global White Chocolate Market: Key Industry Highlights, 2018 and 2032
11. Global White Chocolate Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
12. Global White Chocolate Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
13. Global White Chocolate Historical Market: Breakup by Region (USD Billion), 2018-2023
14. Global White Chocolate Market Forecast: Breakup by Region (USD Billion), 2024-2032
15. North America White Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
16. North America White Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
17. Europe White Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
18. Europe White Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
19. Asia Pacific White Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
20. Asia Pacific White Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
21. Latin America White Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
22. Latin America White Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
23. Middle East and Africa White Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
24. Middle East and Africa White Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
25. Global White Chocolate Market Structure
Key Questions Answered in the Report
The global white chocolate market reached a value of USD 18.54 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 20.3 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.
Analyst Review
The global white chocolate market attained a value of USD 18.54 billion in 2023, driven by the growth in the food and beverage industry. Aided by the rising number of health-conscious consumers, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 1.5%. The industry is projected to reach USD 20.3 billion by 2032.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. On the basis of distribution channel, supermarkets/hypermarkets sector accounts for the largest share in the global industry. The major regional markets for white chocolate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Europe accounting for the largest share of the market. The key players in the above industry include The Hershey Company, Mondelez International, Nestlé SA, and Chocoladefabriken Lindt & Sprüngli AG, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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