Uk chocolate market share. Chocolate Market Size, Share and Growth Analysis 2025 2022-11-06
Uk chocolate market share Rating:
The UK chocolate market is a highly competitive and dynamic industry, with a diverse range of players vying for market share. According to data from the market research firm Euromonitor, the leading player in the UK chocolate market is Mondelez International, the parent company of Cadbury, with a market share of around 25%.
Mondelez International has a long history in the UK chocolate market, with Cadbury having been founded in 1824 and becoming a household name for chocolate in the country. The company has a strong brand recognition and loyalty among consumers, which has helped it maintain its market leadership.
Another major player in the UK chocolate market is Nestle, which has a market share of around 20%. Nestle is a global food and beverage company with a diverse range of products, including chocolate brands such as KitKat, Aero, and Smarties. The company has a strong presence in the UK and has benefited from its diversified product portfolio and wide distribution network.
Ferrero, the Italian confectionery company known for its Nutella brand, has a market share of around 10%. Ferrero has a strong presence in the UK and has seen success with its chocolate and confectionery products, including its popular Kinder chocolate range.
Other notable players in the UK chocolate market include Mars, Lindt & Sprüngli, and Lindor. These companies have smaller market shares compared to the leading players, but they have strong brand recognition and offer a wide range of chocolate products that are popular among UK consumers.
Overall, the UK chocolate market is highly competitive and characterized by intense rivalry among the leading players. Companies are constantly innovating and introducing new products in an effort to capture market share and stay ahead of the competition. In recent years, there has also been a trend towards healthier and more sustainable chocolate products, which has led to the emergence of new players in the market.
United Kingdom Chocolate Market Research Reports & Analysis page 1
The smoother and richer consistency of chocolate is a result of cocoa butter. Yet, although organic chocolate markets expected to grow at exceptional growth rates, the sector is still niche market when compared to the conventional and possess very little share in the total chocolate market. Company Overview Table 26 Nestle. These include the consistency in taste and quality delivered etc. Therefore a bar which can be sold as milk with added benefits of dark will appeal to the psychology of this segment. We will use celebrity endorsement in our advertisement.
. Children below 10 are essentially not part of our target segment because it requires awareness to choose healthy food items for which reason children above year 10 are selected. There is a tremendous demand for dark chocolates, as they have lower amounts of sugar, paired with a rich bitter taste of concentrated cocoa. The chocolate sector has been showing a multibillion dollar growth since the last few years and is predicted to cross new growth levels within the coming few years. It identifies the leading companies, the leading brands and offers. People who eat healthy snacks can also reduce their hunger and prevent them from overeating during meals.
The companies constantly launch new products with attractive packaging to lure customers and significantly invest in advertising and marketing to boost their sales. For direct selling we will hire a team which would convince the customers. The nutritional content and shelf life of the finished product are significantly impacted by the addition of cocoa powder to food preparations. . Spreads slowly replace marmalade and jam due to their health.
New chocolate confectionery market stats from Mintel
The purest form of chocolate is cocoa. This data is available in Keynote market research report to which there is no access from here. The demand for cocoa in chocolate products has increased which has led manufacturers to blend superior quality products to meet the growing preferences of the consumers. The increase in snack time as a trend among young people is expected to drive the growth of Chocolate Based Spreads. Chocolate spread is a sweet-flavored dough that is primarily used for spreading on bread, waffles, pancakes, and toast.
United Kingdom Confectionery Market Research Reports & Analysis page 1
Cost-sensitivity might detain the growth of chocolate market in some of the underdeveloped regions of the globe. . The expanded facility focuses on research into bakery industrial processes, development of industrial applications, and training of new and existing customers. Global Chocolate Market Forecast and Trends Growth Drivers Health Benefits of Chocolates The health benefits attributed to the consumption of chocolates act as a major driving factor for the growth of the global chocolate market. Our customers for after dinner mints would be owners of famous cafes and restaurants.
Report Types Consumer Reports Each consumer report offers the primary research and in-depth data found in our market data reports alongside expert insights, trend analysis and market forecasting Market Size Reports Mintel's Market Data Reports offer a quick and in-depth look at a market, providing Market Sizes, Market shares, Industry insights and 5 years forecasts. . It is used as a lower-cost alternative to true chocolate, as it uses less-expensive hard vegetable fats such as coconut oil or palm kernel oil in place of the more expensive cocoa butter. Also, meticulous efforts are put on by the players to get the most out of cacao beans as better quality ingredients. This market covers wrapped countlines, tablets, individually wrapped, non- individually wrapped, seasonal and other chocolate confectionery.
Uk Chocolate Market Analysis Marketing Plan Marketing Essay
Furthermore, the artificial production of animals for human consumption has led to increase in green house emission as animal excrements contain nitrous oxide, methane, ammonia which are major contributors to global warming. For instance, Barry Callebaut, a Switzerland-based manufacturer of premium chocolates and cocoa products, reported a slowdown for the first six months of the year, with the volume declining in the third quarter ended May 31, 2020 by 143%. Additionally the internet for this segment is a must given the trend towards online purchases. And it is the over-55s who are much more likely to prefer dark — with 38% of chocolate eaters in this age group claiming to, compared with just 16% of under-34s. Restraints Fluctuating Supply of Raw Materials The main ingredient of the chocolate industry i. For the purpose of our organic chocolate segment a significant portion of worker and student class will be our main target market segment. However , I have tried my best to broadly describe the target segment but still as per requirement of the instructor, detailed data figures are required.
Socio-demographic Description The segment aimed as target segment will be people living in North West of England. The age limit selected till 44 is for the reason that above this age group most people are suffering from heart and diabetic deceases thus for them at a later stage diet or low sugar items shall be introduced. United Kingdom provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares. Dark chocolates help prevent heart disease and have many other benefits that help increase their popularity for years to come. However, premium chocolates are gaining traction, with consumer preference growing toward premium dark chocolate.
Dark Chocolate — dark bitter chocolate made from 70% organic cocoa solids, brown cane sugar, vanilla and soya lecithin Semisweet Chocolate- organic sugar, organic chocolate, organic cocoa butter, organic flavors, milk fat and soya lecithin White Chocolate- no cocoa solids, but organic cocoa butter, sugar, vanilla and milk On this basic organic composition of our brand the cutting edge would be its natural and healthy flavoring and combo mixing of white and dark chocolates. Organic chocolate bars After dinner mints items Organic chocolate gift boxes The basic composition and ingredients of all three variety of our brand will be almost same, i. Industry operators sell products to markets such as supermarkets, speciality retail outlets and convenience stores. Evenings in and gifting will support sales during the cost-of-living crisis, given that eight in 10 eaters and buyers of chocolate think it is an affordable treat. Furthermore, vegan chocolate also helps to boost the immune system and regulate blood flow in the body. Average annual growth rates in last few years in chocolate market show an increasing trend in volume sales reaching £4.