What is the market size of the Chocolate & Confectionery Production industry in the UK? November 22nd, 2019. Chocolate is the most widely-consumed sweet treat in the world. Save article. House of Dorchester chocolate market, 2021-26 Figure 11: Market forecast for retail value sales in the UK chocolate market, 2021-26 Revival in sales of higher-priced segments should boost value sales in 2022 ISSUES AND INSIGHTS THE MARKET - KEY TAKEAWAYS MARKET SIZE AND PERFORMANCE MARKET FORECAST Chocolate Confectionery - UK - 2021 Report Price: 1995.00 . The rising technology in Milk Chocolate Market is also depicted in this research report. Dark Chocolate Market size was valued at USD 56.09 Billion in 2021 and is projected to reach USD 114.62 Billion by 2030, growing at a CAGR of 8.28% from 2022 to 2030.. Cadbury's Dairy Milk), chocolate covered bars (e.g. Factors that are boosting the growth of the market, and giving a positive push to thrive in the global market is explained in detail. Market Overview The United Kingdom compound chocolate market is growing at a CAGR of 3.32% during the forecast period (2021-2026). Leading brands' value and volume sales and shares in the UK hot chocolate market, 2018/19-2020/21; Horlicks continues to lose share in malted . By The Grocer11 September 2021. The study considers the present scenario of the data center power market and its market dynamics for the period 2022-2028. Growing awareness about animal cruelty and. The publisher has been monitoring the chocolate confectionery market and it is poised to grow by $30.28 mn during 2021-2025, progressing at a CAGR of 4.71% during the forecast period. They expect makers to also share a story, from who grew the beans in which geographical origin, to the flavour profile of the finished product. Value: 652.3m (+2.8%) Cadbury Dairy Milk continues to dominate sales in the chocolate fixture. The chocolate market is projected to witness a CAGR of 4.5% during the forecast period (2021 - 2027). 2. Volume sales to decline over 2021-26 as the UK enters the 'next normal'. Dark Chocolate Market Size And Forecast. The report provides information on market trends and developments, growth drivers, technologies . IBISWorld's statistic shows that as of 2022 the market size of the Chocolate & Confectionery Production industry is 3.8bn an increase of 4.4% from 2021. Figure 11: Market forecast for retail value sales in the UK chocolate market, 2021-26. The UK compound chocolate market is growing at a CAGR of 3.32% during the forecast period (2021-2026). The global cocoa and chocolate market size was valued at USD 46.61 billion in 2021. UK Private Label Chocolate Market Research Report 2021 Apr 01, 2021 | USD 3,900 . The primary factor driving the market for compound chocolates in the country is the rising consumer expenditure on indulgent confectionery products, especially chocolate confectioneries. According to the latest report by IMARC Group, titled "Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global chocolate market size reached US$ 151.9 Billion in 2021.Chocolates refer to consumable food items that are prepared by using roasted and ground cacao seeds that are found in the pods of the Theobroma cacao trees. With the onset of COVID-19, the supply chain for chocolates was disrupted since most of the demand for raw material is import-dependent, however, as the country lifted its restriction and demand for chocolates ceased, the compound chocolate market in the country . David. expected to reach US$ 187.21 million by the end of 2027, with a CAGR of 4.29% during 2021-2027. Growing health benefits associated with cocoa-rich dark chocolates, rising demand for premium dark chocolates as gifts, players introducing more limited-edition seasonal chocolates . Revival in sales of higher-priced segments should boost value sales in 2022. In 2021, the chocolate confectionery market generated a revenue of approximately 0.98 trillion U.S. dollars worldwide. The UK compound chocolate market is growing at a CAGR of 3.32% during the forecast period (2021-2026). The chocolate market was impacted by low sales volumes due to the COVID-19 pandemic, including supply-side issues linked to quality and certification. Players, stakeholders, and other . Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027. Looking forward, the publisher expects the global milk chocolate market to continue to grow during the forecast period (2021-2026). The latest annual market report from the UK's Food and Drink Federation has found that global exports of chocolate in 2020 bucked a broader downturn, recording 1.1% growth to 786 million, writes Neill Barston. Montezuma's entire range of chocolate bards, truffles, fruits and drinking chocolate is made by them near the beach in West Sussex. ). The report forecast global Premium Chocolate market to grow to reach xxx Million USD in 2021 with a CAGR of xx% during the period 2022E-2030F due to coronavirus situation. Chocolate is a sweet food that has been around since ancient times. The market is projected to grow from USD 48.29 billion in 2022 to USD 67.88 billion by 2029, exhibiting a CAGR of 4.98% during the forecast period. The Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.50% over the forecast period. Chocolate (Confectionery) Market in the United Kingdom (UK) - Outlook to 2025; Market Size, Growth and Forecast Analytics is a broad level market review of Chocolate Market in the United Kingdom. The United Arab Emirates chocolate market was valued at USD 425.8 million in 2020 and is projected to grow at CAGR of 6.6% during the forecast period (2021-2026. Global Chocolate Market is valued at USD 131.9 Million in the year 2021 and is projected to reach a value of USD 171.7 Million by the year 2028. Euromonitor predicted the market is only set for further growth, with an expected 3.5% compound annual growth rate (CAGR) in value between now and 2025, and a 1.1% CAGR in terms of overall volume in that same time period. Chocolates refer to edible foods that are prepared using roasted and ground cocoa beans found in the pods of Theobroma cocoa trees. Montezuma's is a family-owned, British-made chocolate company that has rapidly built a reputation for producing some of the finest and most innovative chocolate available in the UK. Here are the top food and drink products exported by the UK in 2020, as reported by the fdf.Whisky - 3.9 billion. Due to the high global consumption of cocoa products, consumers now want more than just a piece of chocolate. According to estimates of the Statista Digital Market Outlook, the generated. UK Private Label Chocolate Scope and Segment Private Label Chocolate market is segmented by company, by Type, and by Application. Milk chocolate is one of the most popular cocoa products made. Also, robust demand for the product from the expanding . In 2021, approximately1.3 billion British pounds worth of confectionery and chocolate were exported from the UK to partners within the European Community. In 2021, many consumers in the UK demand chocolate, confectionery and desserts to be available online, as at-home habits continue. According to GlobalData's latest consumer survey (2021 Q1), approximately one-third of UK consumers belonging to Generation X (Gen Xers), which is 30%, and baby boomers which is 32%, claim to buy chocolate, confectionery and dessert products from online retail sites. The brand grew sales by 2.8% in the past year as it continued to build on an exceptional 2020, during which it shifted an extra 71.7 million packs. Cadbury Dairy Milk. The report offers detailed coverage of Premium Chocolate industry and main market trends with impact of coronavirus. The global COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated . Chocolate Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Chocolate Market place for the forecast 2020- 2025. This transition has garnered considerable headlines, as Mars is the first major UK confectionery company to offer a vegan alternative to dairy milk-based confectionery. The UK compound chocolate market is growing at a CAGR of 3.32% during the forecast period (2021-2026). Mars has just launched a line of vegan milk chocolate bars under its Galaxy brand, heralding the company's first foray into non-dairy milk chocolate. In terms of exports, a survey of the impact of the COVID-19 pandemic conducted by the Fine . All of that is to say, chocolate in North America is a big business, and primed to get bigger. . Get in-depth analysis of the COVID-19 impact on the Chocolate Market Discount Request Market Report Description The Global Chocolate Market size is expected to reach $171.6 billion by 2026, rising at a market growth of 5.3% CAGR during the forecast period. This contains 5 years of historical data and five-year forecasts. September 2, 2022. 4) Increasing consumer interest in single origin chocolates. The worldwide Confectionery & Snacks market is forecast to reach US$1896 billion in retail value by the year 2026 and currently accounts for around 18% of worldwide sales revenues in the Food . A majority of sugar confectionery and. The primary factor driving the market for compound chocolates in the country is the rising consumer expenditure on indulgent confectionery products, especially chocolate confectioneries. Twix) whether in single bars or bite-sized . In 2020, the UK Private Label Chocolate market size was US$ 140.69 million and it is expected to reach US$ 187.21 million by the end of 2027, with a CAGR of 4.29% during 2021-2027. Market Synopsis. The primary factor driving the market for compound chocolates in the country is the rising consumer expenditure on indulgent confectionery products, especially chocolate confectioneries. 1. Figure 10: Market forecast for retail volume sales in the UK chocolate market, 2021-26. According to our (LP Information) latest study, the global Cocoa and Chocolate . The global vegan chocolate confectionery market size is expected to reach USD 1.41 billion by 2028, registering a CAGR of 14.8% over the forecast period. Sugar Free Chocolate Market, Global Outlook and Forecast 2022-2030 is an up-to-date research study evaluating the market risk side analysis, highlighting opportunities and leveraging strategic and tactical decision support. The chocolate market was impacted by low sales volumes due to the COVID-19 pandemic, including supply-side issues linked to quality and certification. Chocolate Confectionery UK market size data most recently updated in 2022. According to the latest report from the IMARC group, entitled "Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026, "the Global chocolate market size reached a value of US $ 125 billion in 2020. Chocolate - covers all chocolate based products, including boxed chocolates, moulded chocolate bars (e.g. As the global economy mends, the 2021 growth of Cocoa and Chocolate will have significant change from previous year. (000) tonnes) (2016 - 2021) Table 4: UK - Chocolate Confectionery: Retail market segmentation by volume ((000) tonnes) (2016 - 2021) Figure 13: UK - Chocolate Confectionery: Retail market . Figure 13: Market forecast for volume of the UK tea and other hot drinks retail market, 2021-26; Market drivers and assumptions Figure 14: Key drivers affecting Mintel's market forecast, 2015-25; . The chocolate market is projected to witness a CAGR of 4.5% during the forecast period (2021 - 2027).