uk chocolate market share 2019
The 2019 United Kingdom Confectionery Market - Analysis & Outlook (2013-2023): Cereal Bars; the Fastest Growing Segment in the Last Five Years (5.26% CAGR) - ResearchAndMarkets.com For instance, in September 2018, the Barry Callebaut Group signed an agreement with Burton’s Biscuit Company for the long-term supply of over 12,000 metric tons of chocolate and compound per year. Senior Food & Drink Analyst. Using data from our Global New Product Database, what products were launched and how well were they perceived? This trend has amplified the global sales of cocoa powd… The UK compound chocolate market has been segmented by type into dark, milk and white chocolate; and by form into chocolate chips/drops/chunks, chocolate slab, chocolate coatings, and others. The UK market for compound chocolate is consolidated and dominated by players, such as Cargill Inc., Puratos Group, and Barry Callebaut Group. Fudge Kitchen Gourmet Fudge Miniatures. The increasing demand and growing popularity of dark and organic chocolates are fuelling the market’s growth. Who is spending money and what are they spending it on? The UK Chocolate market is the largest within the European Union (30 percent of the EU market) with British citizens consuming more chocolate than any other EU nation (Barnett, 2006). Market research report on the Chocolate confectionery industry, with Chocolate confectionery market share, industry analysis, and market size data. Market reports provide appendices of data to support the research and insight produced. Themarket size includes sales through all retail channels includingdirect to consumer. Made in West Sussex. Any potential benefits gained from the fact that these products are traditionally... “Snacking continues to be an ingrained part of UK lifestyles. They do a lovely range including vegan and organic truffles. George Eustice, food and farming minister said: “ There has been a huge growth in the number of independent chocolatiers in the UK and they are very adept at creating delicious products that are shaping consumer tastes around the world. Download our confectionery report 2019 . Focusing on UK provenance and more environmentally friendly packaging would also be... Consumer Lifestyles, Marketing, Promotion. And which NPD neared the £40m mark? Where are the opportunities, where are the risks and what lies ahead? Over the year the revenue generated through this channel has grown by 22% .” Also, robust demand for the product from the expanding food and beverage industry in the country for … The deal would have created… Aimée Allam on March 21, 2019 . Chocolate Confectionery UK market size data most recently updated in 2019. Nobody mentioned Montezuma’s chocolate. All Rights Reserved to Mordor Intelligence. Moreover, the United Kingdom is renegotiating trade agreements under the fair-trade policy and the government is ensuring changes in trade agreements with countries across the world for fairer trading policies, thereby, providing a favorable environment for small-scale compound chocolate manufacturers to establish themselves in the country. Mintel’s proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues. The segment also includes a small portion of sales of non-chocolate items and excludes seasonal products, Seasonal chocolate: This includes confectionery for seasonal occasions such as Christmas, Easter and Valentine’s Day. Cadbury owner Mondelez says it is increasing its UK market share after revealing strong figures for the first quarter. According to Mintel, the sugar and gum confectionery market is estimated to see a rise in value of 10.4% between 2015 and 2020, bolstered by increasing prices despite a slight fall in predicted sales. Chocolate confectionery: This comprises all solid chocolateor chocolate-covered confectionery, including block chocolateup to 400g in weight, chocolate straight lines, chocolate-filledbars and chocolate confectionery variety packs not targeted forspecial oc… We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. The primary factor driving the market for compound chocolates in the country is the rising consumer expenditure on indulgent confectionery products, especially chocolate confectioneries. European chocolate market is highly competitive, with the presence of numerous leading players accounting for the majority of the market share. No comments. The UK government said it was supporting small businesses by helping them look at export opportunities in the 149 worldwide markets that import UK chocolate. Sweet-toothed adults will consume a massive 18,144 chocolate bars, cakes and biscuits in their lifetime. This can be attributed to wider penetration, popularity, and easy availability of cocoa as compared to carob, which is the raw material for artificial chocolate. The new technologies for chocolate formulation along with the beneficial natural flavours and other ingredients have given rise to a new pha… This market covers wrapped countlines, tablets, individually wrapped, non- individually wrapped, seasonal and other chocolate confectionery. Get comprehensive study about this report by, request a free sample copy Technological Advancements are Heading the Demand for Premium and Innovative Chocolates The choices of consumers are becoming more advanced, demanding, and varied in the global marketplace, which has made innovation a crucial factor among the chocolate confectionery marketers. However, this mindset also opens up opportunities for premiumisationAmy Price By application, the market is segmented into bakery, confectionery, frozen desserts and ice-cream, beverages, cereals, others. From iGen & Millennials to Baby Boomers & beyond. The UK compound chocolate market is growing at a CAGR of 3.32% during the forecast period (2019-2024). Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers. And ice-cream, beverages, cereals, others, what drives their buying and. 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