the future of chocolate in a challenging economic environment
Post on 11-Jan-2017
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THE FUTURE OF CHOCOLATE IN A CHALLENGING ECONOMIC ENVIRONMENTJACK SKELLY, FOOD ANALYST
ICCO, PUNTA CANA, DOMINICAN REPUBLIC, WEDNESDAY 25TH MAY 2016
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More available
More demand
More competition
Chocolate’s Role as a Snack is EvolvingTHE FUTURE OF CHOCOLATE IN A CHALLENGING ECONOMIC ENVIRONMENT
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Chocolate Could be a Global SnackCHOCOLATE TODAY
20 BarsPER PERSON PER YEAR, GLOBALLY
US$100 billionSPENT ON CHOCOLATE IN 2015
7.1 million tonnesOF CHOCOLATE BOUGHT IN 2015
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Yet it Remains a Snack of the WealthyCHOCOLATE TODAY
0
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Volume Consumption Declining in Traditional MarketsCHOCOLATE TODAY
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Fast Growing Markets Offset Core Market DeclineCHOCOLATE TODAY
-400 grammes (2010-
2020)
+400 grammes (2010-
2020)
Middle East & Africa, Latin America, Asia Pacific
WesternEurope &North America
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Changing the Habit of a Lifetime – Chocolate’s Growing ProminenceCHOCOLATE’S CHANGING ROLE
Improved supply chain
Improved distribution
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Changing the Habit of a Lifetime – Chocolate Undermined by New SnacksCHOCOLATE’S CHANGING ROLE
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The World of Chocolate is Becoming Far More SophisticatedCHOCOLATE’S CHANGING ROLE
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Tablets Highlight the Extent of Growing SophisticationCHOCOLATE’S GLOBAL ROLE
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Taxation: A Potential Hindrance to Chocolate’s Growth?THE FUTURE
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Experience Will be Key Around the WorldTHE FUTURE
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Market opportunity
Increased availability
More competitive
Increased volume
consumption
More Demand, More DemandingTHE FUTURE
Market saturation
More health conscious
More competition
Declining volumes,
better quality
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Outlook Deserves Some Qualified OptimismCHOCOLATE TODAY
US$14.3 billionAdditional value sales between 2015 and 2020
33%Additional value sales will stem from Western Europe and North America
700,000 TonnesAdditional volume sales between 2015 and 2020
THANK YOU FOR LISTENINGJack SkellyFood AnalystJack.skelly@euromonitor.comLinkedin: Jack Skelly
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