Australia Chocolate Market By Product Type (Milk Chocolate, Dark Chocolate and White Chocolate), By Category (Tablets, Countline, Boxed Chocolates, and Others (Assorted Chocolates, Chocolate Pouches & Bags, etc.)), By Distribution Channel (Departmental Stores, Convenience Stores/Forecourt Retailers, Supermarket/Hypermarket, Online, and Others (Specialty Stores, Duty-free Shops, Kiosks, Pharmacies, etc.)), By Region, Competition, Forecast & Opportunities, 2017-2027

The Australia chocolate market is anticipated to project robust growth in the forecast period, 2022-2027, with an impressive CAGR of 7.79% on account of rising disposable income and increasing demand for chocolates in the young population. Other major factors contributing to the growth of the Australia chocolate market are the rapid expansion of the e-commerce industry in the FMCG sector and increasing product line variants offered by chocolate market players, and so on. Moreover, changing lifestyle of consumers, increasing awareness about health benefits, and growing demand for premium chocolates among consumers are some of the major drivers of the chocolate market in Australia.

Moreover, organic products are considered to be healthier and more nutritional. Therefore, the preference for consuming naturally and organically sourced products is growing in Australia, owing to which manufacturers have started to add organic chocolates in their product portfolio. Over recent years, several leading chocolate companies have introduced healthy products such as organic, vegan, sugar-free, and gluten-free chocolates to cater to health-conscious consumers.

With the increasing demand for organic chocolates, the chocolate market in Australia is expected to grow at a rapid pace during the forecast period. In addition, the Australia chocolate market players are coming up with attractive packaging of products, innovative branding activities, promotional events, and marketing strategies in order to target kids who constitute the major end-user segment and are further aiding the market growth of the Australia chocolate market.

Furthermore, the consumer preferences are inclining towards sustainability; therefore, Australia chocolate market players are opting for sustainable methods, which are anticipated to enhance their consumer base further. Cocoa procurement is becoming more sustainable throughout the world, and manufacturers in Australia are striving to achieve the same. Child labor is a problem in the cocoa industry in Africa, thus groups like the World Cocoa Foundation are working to address it globally. In addition, companies are working to achieve 100% sustainable cocoa procurement.

Increasing Boxed Assortments and Artisanal Chocolates Boosting the Market Growth

Boxed assortments and artisanal chocolates are becoming popular among consumers as premium chocolates are rising. Premium products are assumed to be the symbol of prosperity coupled with taste preferences among individuals. The increasing trend of sharing chocolates as gifts, particularly in the Easter season, is also boosting the sales of boxed assortments and artisanal chocolates. Also, boxed assortments are convenient to be gifted compared to other chocolates. These factors are attributed to a surge in the sales of boxed assortments and artisanal chocolates, which in turn is expected to increase the sales of chocolates across the country.

Rising Premiumization of Chocolates Aiding the Market Growth

Demand for premium chocolates across the country is soaring, owing to which the number of specialty chocolate stores is rising. More and more individuals are getting inclined towards high-end offerings of chocolate in Australia, attributed to taste preferences coupled with high per capita income. Moreover, manufacturers are shifting towards a premium product portfolio, as consumers are willing to spend more on premium products due to assumptions that buying premium products enhance the social stature of a person. This is expected to drive the demand for chocolates in Australia during the forecast period.

Increasing Health Consciousness Among Consumers Fueling the Market Growth

The increasing number of millennials and generation Z are becoming health conscious and getting inclined towards healthier food products. Due to its high sugar content and high calorific value, chocolate is not considered a healthy food product across the globe. To provide healthy offerings in the chocolate market, manufacturers are transitioning their portfolio into healthy chocolates. Innovations such as functional foods are being added into chocolates as an ingredient to enhance the nutritional value, offering organic chocolates, owing to which health-conscious population is getting attracted towards consuming chocolates as well.

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Market Segmentation

The Australia chocolate market is segmented based on type, category, distribution channel, region, and competitional landscape. Based on type, the market is further fragmented into milk chocolates, dark chocolates, and white chocolates. On the basis of category, the market is segmented into tablets, countline, boxed chocolates, and others (assorted chocolates, chocolate pouches & bags, etc.).

Based on distribution channel, the market is segmented into departmental stores, convenience stores/forecourt retailers, supermarket/hypermarket, online, others (specialty stores, duty-free shops, kiosks, pharmacies, etc.). The market analysis also studies the regional segmentation to devise regional market segmentation, divided among northern Australia, Tasmania, South Australia, Western Australia, Queensland, Victoria, and New South Wales.

Company Profiles

Mondelēz Australia Pty. Ltd., Mars Australia Pty. Ltd., Lindt & Sprüngli (Australia) PTY LTD, Nestlé Australia Limited, Ferrero Australia Pty. Ltd., Monsieur Truffe, Darrell Lea Confectionery Co. Pty. Ltd., Haigh Pty. Lt., Stuart Alexander & Co Pty Ltd., J.H. Whittaker & Sons (Aust) Limited, etc. are among the major market players in the Australia platform that lead the market growth of the Australia chocolate market.

Report Scope:

In this report, Australia chocolate market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Australia Chocolate Market, By Type:
• Milk
• Dark
• White
• Australia Chocolate Market, By Category:
• Tablets
• Countline
• Boxed Chocolates
• Others
• Australia Chocolate Market, By Distribution Channel:
• Departmental Stores
• Convenience Stores/Forecourt Retailers
• Supermarket/Hypermarket
• Online
• Others
• Australia Chocolate Market, By Region:
• Northern Australia
• Tasmania
• South Australia
• Western Australia
• Queensland
• Victoria
• New South Wales

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Australia chocolate market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).