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.
Attribute
|
Details
|
Market Size
Value in 2021
|
USD3451.05 Million
|
Revenue
Forecast in 2027
|
USD5402.23 Million
|
Growth Rate
|
7.79%
|
Base Year
|
2021
|
Historical Years
|
2017 – 2021
|
Estimated
Year
|
2022
|
Forecast
Period
|
2023 – 2027
|
Quantitative
Units
|
Revenue in USD Million,
Volume in Million Kgs Tons and CAGR for 2017-2021 and 2022-2027
|
Report Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
Segments Covered | - Type
- Category
- Distribution Channel
- Region
- Company
|
Regional Scope
|
Northern
Australia, Tasmania, South Australia, Western Australia, Queensland,
Victoria, and New South Wales
|
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, Haigh Pty. Ltd. A.E.,
Stuart Alexander & Co Pty Ltd., J.H. Whittaker & Sons (Aust) Limited, Monsieur Truffe, etc.
|
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 the following categories, in addition to the
industry trends which have also been detailed below:
- Australia Chocolate Market, By Type:
- 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).
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected].com