Among different product types, Retail and Non-Retail Stations segment is anticipated to contribute the largest market share in 2027. Technological Advancements Contribute to the Increasing Demand for Premium Chocolates. In 2008, there was a confrontation between the industry and the government . Cocoa is emerging as a healthy ingredient owing to its richness in antioxidants & minerals. In 2019, the market value stood at USD 19.50 billion. According to CBI Ministry of Foreign Affairs (EU), the global per capita consumption of chocolate was 0.9 kg per year while the same is higher in European nations (Switzerland at 10.5 kg and Germany at 9.2 kg per capita per year). The leading manufacturers are intensively focusing on investing in research and development centers, distribution networks, and attractive packaging to capitalize on the growing demand. Who are the major players in this market? Besides this, the report offers insights into the market trends for chocolate confectionery and highlights key industry developments. Unauthorized use and/or duplication of this material without express and written permission from this blogs author and/or owner is strictly prohibited. It looks quite comprehensive and the data is exactly what I was looking for. Although M&M's are the number one chocolate sellers, their marketing cost is comparatively higher to other Mars products. While many brands in other industries are already taking full advantage of Social Media, craft chocolate makers have yet to tap into the full potential of using Social Media regularly and intentionally. The companys net sales increased by 2.2% in North America in the first quarter of 2020 due to increased buying ahead of the lockdown period. Swot Analysis Of Chocolates - 819 Words | Internet Public Library This ratio is not very relevant for financial industries. I will build a profitable shopify store and customize your shopify theme.pdf, 20230419-3 ARMA Nebraska Prof Dev for Info Pro.pptx, Artificial Turf Installation Beaverton.pptx, Do not sell or share my personal information. The results found 5 strength, 6 weakness, 4 opportunity and 4 threat factors. SWOT analysis of Cadbury. On one side, the company becomes aware of its advantages and disadvantages compared to the competition. -Chapter 5segments the Bean-to-bar Chocolate Market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018. Historical data and analysis for the key drivers of this industry, A five-year forecast of the market and noted trends, Detailed research and segmentation for the main products and markets, An assessment of the competitive landscape and market shares for major companies. In a SWOT analysis, the Strengths are the characteristics of the business that give it an advantage over others. The company is one of the oldest and strongest players in the Indian confectionary industry with an estimated 68% value share and 62% volume share of the total chocolate market. In many countries across the world, chocolates are mainly consumed and associated with seasonal festive occasions, fuelling their demand in the global market. The demand for premium chocolates is growing across the world due to the rising consumer discretionary income and evolving gifting tradition. Generally, the greater the number of days outstanding, the greater the probability of delinquencies in accounts receivable.