The Australia Chocolate Market is anticipated to project robust growth during the forecast period on account of rising health awareness, rising disposable income, and rising demand for chocolates among children. Other significant factors driving the rise of the Australian chocolate market include the fast-paced growth of the FMCG sector's e-commerce market and the rising number of product line options provided by market participants. Moreover, among the key factors influencing the growth of the chocolate market in Australia are consumer healthy choices and the rising demand for premium chocolates.

 

Moreover, organic products are supposed to be more wholesome and nutritious. Owing to the rising preference for naturally derived and organic products in Australia, producers have begun to include organic chocolates in their line of goods. Australians spent an average of USD 135.70 per person on chocolate products in 2022. To appeal to health-conscious consumers, some top chocolate manufacturers have recently released healthier products including organic, vegan, sugar-free, and gluten-free chocolates.

 

The majority of chocolate sold in Australia is made of "liquor," a paste prepared by industry giants such as Mondelez, Mars, Nestle, and The Hershey Company. In 2021, 49% of adult Australians regularly ate candy and chocolate. As of 2022, Australia had 429 chocolate and confectionery producers.

 

Increasing Boxed Assortments and Artisanal Chocolates Will Lead to the Market Growth

Consumer preference for boxed assortments and artisanal chocolate is growing as the price of premium chocolate increases. Premium goods are assumed to be a sign of wealth and prosperity among consumers. Sales of boxed assortments and artisanal chocolates are also expanding due to the rising habit of giving chocolates as gifts, especially during the Easter season. Moreover, compared to other chocolates, boxed assortments are easier to give as gifts. As artisanal chocolates are made up of natural ingredients and have a lower carbon footprint than most other varieties of chocolate, thus it is growing in popularity among customers. An additional benefit of purchasing from an artisan chocolatier is the availability of vegan chocolates free of milk fat, milk solids, and other substances derived from animals.

Artisanal chocolate is produced with pure cacao beans that are harvested without using any animal products, in contrast to commercial milk chocolate products that harm the environment and exploit labor. These elements are responsible for an increase in the sales of boxed assortments and handmade chocolates, which is anticipated to boost chocolate sales nationwide.

 

Rising Premiumization of Chocolates Aiding the Market Growth

The demand for premium chocolates is increasing nationwide, and therefore there are more specialty chocolate shops opening up. Due to taste preferences and a high per capita income, people in Australia are becoming more and more interested in premium chocolate offers. Additionally, businesses are moving toward a premium product range as consumers are prepared to spend more on premium goods due to beliefs that purchasing such goods raises one's social status. For instance, Australia imported $699.3 million worth of cocoa and products made from cocoa in 2020. Thus, there is a chance that local production of the bean may rise in the years to come and partially offset imports. The sector relies on exporting high quality cocoa beans into premium, niche markets because Australian cocoa growers are unable to compete on price with small-scale farmers from underdeveloped nations. During the projected period, this is anticipated to drive the demand for chocolate in Australia.

 

Availability of Wide Range Of Products Will Fuel the Market Growth

Consumers are becoming more and more concerned with food fat and sugar content and gravitating toward healthier dietary options. Chocolate is not widely regarded as a healthy food item due to its high sugar content and high caloric value. The industry has noticed an increase in premium chocolate from specialty shops, product variety, healthier product options, and ethical, sustainable production. Manufacturers are changing their product line-up to include healthier chocolates to provide healthy options in the chocolate market. Innovations such as functional foods are being incorporated into chocolates as an ingredient to boost the nutritional value, offering organic chocolates, and as a result, the health-conscious population is becoming more drawn to consuming chocolates having nutritional value.




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Market Segmentation

The Australia chocolate market is segmented on the basis of product type, category, distribution channel, region, and competitional landscape. Based on product type, the market is further segmented into milk chocolates, dark chocolates, and white chocolates. Based on category, the market is further split into tablets, countline, boxed chocolates, and others (assorted chocolates, chocolate pouches & bags, etc.). Based on distribution channel, the market is further segmented into departmental stores, convenience stores/forecourt retailers, supermarkets/hypermarkets, online, and others (specialty stores, duty-free shops, kiosks, pharmacies, etc.). The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Australia Capital Territory & New South Wales, Northern Territory & Southern Australia, Western Australia, Queensland, Victoria & Tasmania.

 

Company Profiles

Mondelēz Australia Pty. Ltd., Mars Australia Pty. Ltd., Lindt & Sprüngli (Australia) Pty Ltd, Nestlé Australia Limited, Ferrero Australia Pty. Ltd., Darrell Lea Confectionery Co. Pty. Ltd, AE Haigh Pty Ltd., Stuart Alexander & Co Pty Ltd., J.H. Whittaker & Sons (Aust) Limited, Monsieur Truffe, etc. are also actively entering the market in recent years and further strengthening the market growth.

Attribute

Details

Base Year

2022

Historical Years

2018–2021

Estimated Year

2023E

Forecast Period

2024F –2028F

Quantitative Units

Revenue in USD Million, Volume in Million Kgs Tons and CAGR for 2018-2022 and 2023E- 2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Product Type

·         Category

·         Distribution Channel

·         Region

Regional Scope

Australia Capital Territory & New South Wales, Northern Territory & Southern Australia, Western Australia, Queensland, Victoria & Tasmania

Key Companies Profiled

Mondelēz Australia Pty. Ltd., Mars Australia Pty. Ltd., Lindt & Sprüngli (Australia) Pty Ltd, Nestlé Australia Limited, Ferrero Australia Pty. Ltd., Darrell Lea Confectionery Co. Pty. Ltd, AE Haigh Pty Ltd., Stuart Alexander & Co Pty Ltd., J.H. Whittaker & Sons (Aust) Limited, Monsieur Truffe.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

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

  • Australia Chocolate Market, By Product 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
    • Supermarkets/Hypermarkets
    • Online
    • Others
  • Australia Chocolate Market, By Region:
    • Australia Capital Territory & New South Wales
    • Northern Territory & Southern Australia
    • Western Australia
    • Queensland
    • Victoria & Tasmania

 

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).

Australia Chocolate Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com

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1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer Analysis (B2C Model Analysis)

4.1.  Sample Size Determination

4.2.  Respondent Demographics

4.2.1.     By Gender

4.2.2.     By Age

4.2.3.     By Occupation

4.3.  Brand Awareness

4.4.  Factors Influencing Purchase Decision

4.5.  Challenges Faced After Purchase

5.    Australia Chocolate Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.1.2.     By Volume

5.2.  Market Share & Forecast

5.2.1.     By Product Type Market Share Analysis (Milk, Dark and White)

5.2.2.     By Category Market Share Analysis (Tablets, Countline, Boxed Chocolates, and Others (Assorted Chocolates, Chocolate Pouches & Bags, etc.))

5.2.3.     By Distribution Channel Market Share Analysis (Departmental Stores, Convenience Stores/Forecourt Retailers, Supermarkets/Hypermarkets, Online, and Others (Specialty Stores, Duty-free Shops, Kiosks, Pharmacies, etc.))

5.2.4.     By Region Market Share Analysis

5.2.4.1.         Australia Capital Territory & New South Wales Market Analysis

5.2.4.2.         Northern Territory & Southern Australia Market Share Analysis

5.2.4.3.         Western Australia Market Share Analysis

5.2.4.4.         Queensland Market Share Analysis

5.2.4.5.         Victoria & Tasmania Market Share Analysis

5.2.5.     By Company Market Share Analysis

5.3.  Australia Chocolate Market Mapping & Opportunity Assessment

5.3.1.     By Product Type Mapping & Opportunity Assessment

5.3.2.     By Category Market Mapping & Opportunity Assessment

5.3.3.     By Distribution Channel Market Mapping & Opportunity Assessment

5.3.4.     By Regional Market Mapping & Opportunity Assessment

6.    Australia Milk Chocolate Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.1.2.     By Volume

6.2.  Market Share & Forecast

6.2.1.     By Category Market Share Analysis

6.2.2.     By Distribution Channel Market Share Analysis

7.    Australia Dark Chocolate Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.1.2.     By Volume

7.2.  Market Share & Forecast

7.2.1.     By Category Market Share Analysis

7.2.2.     By Distribution Channel Market Share Analysis

8.    Australia White Chocolate Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.1.2.     By Volume

8.2.  Market Share & Forecast

8.2.1.     By Category Market Share Analysis

8.2.2.     By Distribution Channel Market Share Analysis

9.    Market Dynamics

9.1.  Drivers

9.1.1.     Rising demand of artisanal chocolates

9.1.2.     Availability of wide range of products

9.1.3.     Rising premiumization of chocolates

9.2.  Challenges

9.2.1.     High pricing

9.2.2.     High competition among brands

10.  Impact of COVID-19 on Australia Chocolate Market

10.1.              Impact Assessment Model       

10.1.1.  Key Segments Impacted

10.1.2.  Key Regions Impacted

10.1.3.  Key Distribution Channel Impacted

11.  Market Trends & Developments

11.1.              Rising demand of vegan chocolates

11.2.              Changing lifestyle

11.3.              Increasing urbanization

11.4.              Increasing affordability

11.5.              Increase in online presence

12.  Porter’s Five Forces Model

12.1.              Competitive Rivalry

12.2.              Bargaining Power of Buyers

12.3.              Bargaining power of Suppliers

12.4.              Threat of New Entrants

12.5.              Threat of Substitutes

13.  SWOT Analysis

13.1.              Strengths

13.2.              Weaknesses

13.3.              Opportunities

13.4.              Threats

14.  Policy & Regulatory Landscape

15.  Australia Economic Profile

16.  Competitive Landscape

16.1.              Company Profiles

16.1.1.  Mondelēz Australia Pty. Ltd.

16.1.1.1.      Company Details

16.1.1.2.      Product & Services

16.1.1.3.      Financials (As Per Availability)

16.1.1.4.      Key Market Focus & Geographical Presence

16.1.1.5.      Recent Developments

16.1.1.6.      Key Management Personnel

16.1.2.  Mars Australia Pty. Ltd.

16.1.2.1.      Company Details

16.1.2.2.      Product & Services

16.1.2.3.      Financials (As Per Availability)

16.1.2.4.      Key Market Focus & Geographical Presence

16.1.2.5.      Recent Developments

16.1.2.6.      Key Management Personnel

16.1.3.  Lindt & Sprüngli (Australia) Pty Ltd

16.1.3.1.      Company Details

16.1.3.2.      Product & Services

16.1.3.3.      Financials (As Per Availability)

16.1.3.4.      Key Market Focus & Geographical Presence

16.1.3.5.      Recent Developments

16.1.3.6.      Key Management Personnel

16.1.4.  Nestlé Australia Limited

16.1.4.1.      Company Details

16.1.4.2.      Product & Services

16.1.4.3.      Financials (As Per Availability)

16.1.4.4.      Key Market Focus & Geographical Presence

16.1.4.5.      Recent Developments

16.1.4.6.      Key Management Personnel

16.1.5.  Ferrero Australia Pty. Ltd.

16.1.5.1.      Company Details

16.1.5.2.      Product & Services

16.1.5.3.      Financials (As Per Availability)

16.1.5.4.      Key Market Focus & Geographical Presence

16.1.5.5.      Recent Developments

16.1.5.6.      Key Management Personnel

16.1.6.  Darrell Lea Confectionery Co. Pty. Ltd

16.1.6.1.      Company Details

16.1.6.2.      Product & Services

16.1.6.3.      Financials (As Per Availability)

16.1.6.4.      Key Market Focus & Geographical Presence

16.1.6.5.      Recent Developments

16.1.6.6.      Key Management Personnel

16.1.7.  AE Haigh Pty Ltd

16.1.7.1.      Company Details

16.1.7.2.      Product & Services

16.1.7.3.      Financials (As Per Availability)

16.1.7.4.      Key Market Focus & Geographical Presence

16.1.7.5.      Recent Developments

16.1.7.6.      Key Management Personnel

16.1.8.  Stuart Alexander & Co Pty Ltd.

16.1.8.1.      Company Details

16.1.8.2.      Product & Services

16.1.8.3.      Financials (As Per Availability)

16.1.8.4.      Key Market Focus & Geographical Presence

16.1.8.5.      Recent Developments

16.1.8.6.      Key Management Personnel

16.1.9.  J.H. Whittaker & Sons (Aust) Limited

16.1.9.1.      Company Details

16.1.9.2.      Product & Services

16.1.9.3.      Financials (As Per Availability)

16.1.9.4.      Key Market Focus & Geographical Presence

16.1.9.5.      Recent Developments

16.1.9.6.      Key Management Personnel

16.1.10.                Monsieur Truffe

16.1.10.1.    Company Details

16.1.10.2.    Product & Services

16.1.10.3.    Financials (As Per Availability)

16.1.10.4.    Key Market Focus & Geographical Presence

16.1.10.5.    Recent Developments

16.1.10.6.    Key Management Personnel

17.  Strategic Recommendations/Action Plan

17.1.              Key Focus Areas

17.2.              Target Region

17.3.              Target Product Type

17.4.              Target Category

17.5.              Target Distribution Channel

18.  About Us & Disclaimer

 (Note: The companies list can be customized based on the client requirements.)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com