White Chocolate Market size to grow at a CAGR of 5.03% from 2022 to 2027, Increasing premiumization of chocolates to drive the market growth - Technavio

NEW YORK, April 25, 2023 /PRNewswire/ -- The white chocolate market size is set to grow by USD 9.05 billion from 2022 and 2027. The market is estimated to register progress at a CAGR of 5.03%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Technavio offers an up-to-date analysis of the current global market scenario and the overall market environment for the historic (2017 to 2021) and forecast period (2023 to 2027). View Sample Report

The report also covers the following areas:

• White Chocolate Market size
• White Chocolate Market trends
• White Chocolate Market industry analysis

White Chocolate Market 2023-2027: Segmentation

The white chocolate market is segmented by:

• Product 
• White chocolate bars
• White Chocolate Bulk
• White Chocolate Truffles
• Distribution Channel 
• Offline
• Online
• Geography 
• Europe
• North America
• APAC
• South America
• Middle East And Africa

The market share growth of the white chocolate bars segment will be significant for the market growth during the forecast period. With product innovations boosting market growth, popular chocolate brands are focusing on launching innovative products. Thus, the expansion in the range of product offerings will continue to fuel the demand for white chocolate bars during the forecast period. Some of the major vendors operating in the global white chocolate bars segment include Nestle, Mondelez International, Mars, Barry Callebaut, and Arcor.

Avail of the key market Insights on the impact of each segment and make informed business decisions, request a sample report!

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy Now!

White Chocolate Market 2023-2027: Vendor Analysis and Scope

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To help businesses improve their market position, the white chocolate market provides a detailed analysis of around 15+ vendors operating in the market. Some of these vendors include Alfred Ritter GmbH and Co. KG, Barry Callebaut AG, Cargill Inc., Chocoladefabriken Lindt and Sprungli AG, Darrell Lea Confectionery Co. Pty Ltd., Ezaki Glico Co. Ltd., Ferrero International S.A., Fuji Oil Holdings Inc., ITC Ltd., Lotte Corp., Ludwig Weinrich GmbH and Co. KG, MarieBelle, Mars Inc., Molinos Rio de la Plata SA, Mondelez International Inc., Nestle SA, Nugali Chocolates, Strauss Group Ltd., The Hershey Co., and Unilever PLC.
Vendor Offerings

• Barry Callebaut AG - The company offers white chocolates such as Callebaut W2 white chocolate.
• Cargill Inc. - The company offers white chocolates under its brands Merckens, Peter's, and Wilbur.
• Chocoladefabriken Lindt and Sprungli AG - The company offers white chocolates such as Lindt Lindor white chocolate truffles, Lindt Lindor white bar, Lindt Lindor assorted milk, and white truffles.

White Chocolate Market 2023-2027: Market Dynamics

Key Drivers

• The increasing premiumization of chocolates is a major driver for the growth of the white chocolate market during the forecast period.
• Factors such as the growing demand for organic, sugar-free, vegan, and gluten-free chocolates also drives the market growth.
• Vendors also focus on launching organic, sugar-free, vegan, and gluten-free chocolates. For instance, in February 2022, Mars introduced an animal product--free chocolate bar in the US.
• The vegan chocolate is named CO2COA and is crafted with biotech unicorn Perfect Day's animal-free whey protein.
• Hence, such premiumization of chocolates drive the market growth during the forecast period.

Major Trends

• One of the emerging trends in the white chocolate market is the rising awareness about the benefits of white chocolate in cosmetics.
• White chocolate is said to be excellent for skin renewal and hydration, and hence, the cosmetics industry creates an opportunity for white chocolate manufacturers. Due to its skincare advantages, the beauty industry includes white chocolate in its products.
• Hence, the use of white chocolate in personal products is becoming increasingly popular, particularly in the skincare market.
• For instance, white chocolate body lotion and white chocolate wax have been a trend, with the white chocolate body lotion being a premium, luxurious moisturizing lotion with the smell of white chocolate. 
• Hence, increased awareness about the benefits fuels the growth of the market growth during the forecast period.

Key Challenges.

• Unstable cocoa prices are a major challenge hindering the market growth of white chocolates during the forecast period.
• Cocoa butter, the primary component of white chocolate, has been witnessing fluctuating prices over the past decade, which make the cost of chocolate production, including white chocolate, more volatile.
• This prevents marketers of white chocolate products from estimating their production costs on a yearly basis. 
• Hence, with white chocolates, especially hand-made products, are confectionery items that are in high demand in the market, volatility in cocoa butter prices has become a major challenge for the global white chocolate market. 

White Chocolate Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist white chocolate market growth during the next five years
• Estimation of the white chocolate market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the white chocolate market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of white chocolate market vendors

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports:
The chocolate confectionery market is projected to increase by USD 45.78 million and the market is estimated to grow at a CAGR of 4.97% between 2022 and 2027. In 2017, the market size was valued at USD 151.8 million. The market is segmented by product into chocolate bars, boxed assortments, seasonal variants, and others. Expansions and promotions by vendors through various strategies are emerging trends.

The organic chocolate market size is expected to rise to USD 137.54 million by 2026, and the market's growth momentum will accelerate at a CAGR of 2.71%. Furthermore, this report extensively covers market segmentation by type (organic dark chocolate, organic milk chocolate, and organic white chocolate) and geography (Europe, North America, APAC, South America, and Middle East and Africa). The product launches is notably driving the organic chocolate market growth.

Browse for Technavio's Consumer Staples Reports

Table Of Contents : 

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global white chocolate market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global white chocolate market 2017 - 2021 ($ billion)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

• 4.3 Distribution channel Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 White chocolate bars - Market size and forecast 2022-2027 
• Exhibit 34: Chart on White chocolate bars - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on White chocolate bars - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on White chocolate bars - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on White chocolate bars - Year-over-year growth 2022-2027 (%)

• 6.4 White chocolate bulk - Market size and forecast 2022-2027 
• Exhibit 38: Chart on White chocolate bulk - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on White chocolate bulk - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on White chocolate bulk - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on White chocolate bulk - Year-over-year growth 2022-2027 (%)

• 6.5 White chocolate truffles - Market size and forecast 2022-2027 
• Exhibit 42: Chart on White chocolate truffles - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on White chocolate truffles - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on White chocolate truffles - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on White chocolate truffles - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 46: Market opportunity by Product ($ billion)
• Exhibit 47: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments
• Exhibit 48: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 50: Chart on Comparison by Distribution Channel
• Exhibit 51: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel 
• Exhibit 60: Market opportunity by Distribution Channel ($ billion)
• Exhibit 61: Data Table on Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027 
• Exhibit 99: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ billion)
• Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 Barry Callebaut AG
• Exhibit 115: Barry Callebaut AG - Overview
• Exhibit 116: Barry Callebaut AG - Business segments
• Exhibit 117: Barry Callebaut AG - Key news
• Exhibit 118: Barry Callebaut AG - Key offerings
• Exhibit 119: Barry Callebaut AG - Segment focus

• 12.4 Cargill Inc.
• Exhibit 120: Cargill Inc. - Overview
• Exhibit 121: Cargill Inc. - Product / Service
• Exhibit 122: Cargill Inc. - Key news
• Exhibit 123: Cargill Inc. - Key offerings

• 12.5 Chocoladefabriken Lindt and Sprungli AG 
• Exhibit 124: Chocoladefabriken Lindt and Sprungli AG - Overview
• Exhibit 125: Chocoladefabriken Lindt and Sprungli AG - Business segments
• Exhibit 126: Chocoladefabriken Lindt and Sprungli AG - Key news
• Exhibit 127: Chocoladefabriken Lindt and Sprungli AG - Key offerings
• Exhibit 128: Chocoladefabriken Lindt and Sprungli AG - Segment focus

• 12.6 Darrell Lea Confectionery Co. Pty Ltd. 
• Exhibit 129: Darrell Lea Confectionery Co. Pty Ltd. - Overview
• Exhibit 130: Darrell Lea Confectionery Co. Pty Ltd. - Product / Service
• Exhibit 131: Darrell Lea Confectionery Co. Pty Ltd. - Key offerings

• 12.7 Ezaki Glico Co. Ltd.
• Exhibit 132: Ezaki Glico Co. Ltd. - Overview
• Exhibit 133: Ezaki Glico Co. Ltd. - Business segments
• Exhibit 134: Ezaki Glico Co. Ltd. - Key offerings
• Exhibit 135: Ezaki Glico Co. Ltd. - Segment focus

• 12.8 Ferrero International S.A. 
• Exhibit 136: Ferrero International S.A. - Overview
• Exhibit 137: Ferrero International S.A. - Product / Service
• Exhibit 138: Ferrero International S.A. - Key offerings

• 12.9 Fuji Oil Holdings Inc. 
• Exhibit 139: Fuji Oil Holdings Inc. - Overview
• Exhibit 140: Fuji Oil Holdings Inc. - Business segments
• Exhibit 141: Fuji Oil Holdings Inc. - Key news
• Exhibit 142: Fuji Oil Holdings Inc. - Key offerings
• Exhibit 143: Fuji Oil Holdings Inc. - Segment focus

• 12.10 ITC Ltd.
• Exhibit 144: ITC Ltd. - Overview
• Exhibit 145: ITC Ltd. - Business segments
• Exhibit 146: ITC Ltd. - Key offerings
• Exhibit 147: ITC Ltd. - Segment focus

• 12.11 Lotte Corp.
• Exhibit 148: Lotte Corp. - Overview
• Exhibit 149: Lotte Corp. - Business segments
• Exhibit 150: Lotte Corp. - Key offerings
• Exhibit 151: Lotte Corp. - Segment focus

• 12.12 Mars Inc.
• Exhibit 152: Mars Inc. - Overview
• Exhibit 153: Mars Inc. - Product / Service
• Exhibit 154: Mars Inc. - Key offerings

• 12.13 Mondelez International Inc. 
• Exhibit 155: Mondelez International Inc. - Overview
• Exhibit 156: Mondelez International Inc. - Business segments
• Exhibit 157: Mondelez International Inc. - Key news
• Exhibit 158: Mondelez International Inc. - Key offerings
• Exhibit 159: Mondelez International Inc. - Segment focus

• 12.14 Nestle SA
• Exhibit 160: Nestle SA - Overview
• Exhibit 161: Nestle SA - Business segments
• Exhibit 162: Nestle SA - Key news
• Exhibit 163: Nestle SA - Key offerings
• Exhibit 164: Nestle SA - Segment focus

• 12.15 Strauss Group Ltd.
• Exhibit 165: Strauss Group Ltd. - Overview
• Exhibit 166: Strauss Group Ltd. - Business segments
• Exhibit 167: Strauss Group Ltd. - Key offerings
• Exhibit 168: Strauss Group Ltd. - Segment focus

• 12.16 The Hershey Co.
• Exhibit 169: The Hershey Co. - Overview
• Exhibit 170: The Hershey Co. - Business segments
• Exhibit 171: The Hershey Co. - Key news
• Exhibit 172: The Hershey Co. - Key offerings
• Exhibit 173: The Hershey Co. - Segment focus

• 12.17 Unilever PLC
• Exhibit 174: Unilever PLC - Overview
• Exhibit 175: Unilever PLC - Business segments
• Exhibit 176: Unilever PLC - Key news
• Exhibit 177: Unilever PLC - Key offerings
• Exhibit 178: Unilever PLC - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 179: Inclusions checklist
• Exhibit 180: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 181: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 182: Research methodology
• Exhibit 183: Validation techniques employed for market sizing
• Exhibit 184: Information sources

• 13.5 List of abbreviations 
• Exhibit 185: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio