According to the latest report of the IMARC group, entitled “White Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global white chocolate market reached a value of US$18.2 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$21.0 billion by 2027, posting a CAGR of 2.1% in 2022-2027. White chocolate is a confectionery product that enjoys considerable popularity around the world. The confectionery is made from sugar, cocoa butter, vanilla, dairy products and lecithin which holds the ingredients together. White chocolate is not traditionally considered chocolate because it does not contain chocolate powder or solids. Cocoa butter is one of the main ingredients used in making white chocolate. The quality of chocolate is determined by its color, where pale yellow and ivory color are considered superior to white because they contain a high percentage of cocoa butter.
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White chocolate market trends:
The increasing use of white chocolate in several food products and snack foods owing to its distinctive taste and properties is one of the major drivers for the growth of the market. White chocolate is also used by contemporary restaurant chefs with savory ingredients to enhance the overall flavor of dishes, which provides additional impetus for the growth of the market. Apart from this, the increasing purchasing power of consumers and the easy availability of white chocolate in hypermarkets and supermarkets are factors that create a positive outlook for the market.
- Based on the distribution channel, the market has been categorized into supermarkets and hypermarkets, convenience stores, non-food retailers, and others. Among these, supermarkets and hypermarkets account for the majority of the total market share, as they provide a one-stop shopping experience and offer discount deals to shoppers on a daily basis.
- Regionally, Western Europe represents the largest white chocolate market in the world. Other major markets include North America, Eastern Europe, Asia, Latin America, Middle East and Africa, and Australasia.
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Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market trends
- Market drivers and success factors
- Impact of COVID-19
- Value chain analysis
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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