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| A09478 | Pages: NA | Aug 2021 | 541 Views | | |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the White Chocolate Market
Request Now !The global white chocolate market is witnessing a significant growth, and is expected to grow considerably in next few years. White chocolate is made from cocoa butter, milk solids, vanilla, sugar, and lecithin that is a fatty emulsifier that holds all the ingredients together. White chocolate is not considered as proper chocolate, as it does not contain chocolate powder or chocolate solids, which give it a tannic, bitter-berry flavor. However, white chocolate is available in white, pale yellow, and ivory variations that determine the content of cocoa butter in the same. Complying with its distinctive taste and properties, white chocolate is rapidly used in snack foods such as cookies, chips, cupcakes, and popcorns, beverages such as milkshakes & smoothies, cosmetics, and other personal care products. These supplement the global white chocolate market growth.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast unit | Value ($USD) |
Segments covered | Application, Distribution Channel, Industry Vertical, and Region |
Regions covered | North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), and LAMEA (Middle East, Brazil, and the Rest of LAMEA) |
Companies covered | The Hershey Company, Agostoni Chocolate, Chocolatiers Ltd., Nestle SA, Blommer Chocolate Company, Ghirardelli Chocolate Co., GCPPL Ltd., Unilever, Mondelez International, Mars Incorporated, Barry Callebaut, and Ferrero |
The manufacturing operations for white chocolates have been ceased owing to the outbreak of COVID-19, which led to decline in stock level of finished products in the global market.
The supply chains for raw materials and distribution channels for white chocolates have been disrupted due to lack of transportation. This has adversely impacted the international exchange of chocolates across the global market.
The global white chocolate market is witnessing significant growth, due to development of various segments, including food & beverage industry and cosmetics industry. The wide application of white chocolates, enriched with nourishment of cocoa butter and milk solids is boosting its demand in the global market. The changing consumer preferences develop their interest in diversification of the same products, such as drifting interests from dark chocolates to white chocolates. Increase in usage of white chocolate in the commercial sector such as in desserts, smoothies, and shakes is fueling demand for the same. Moreover, rise in disposable income, changes in consumer interest in food products, and constant product differentiations strengthen the market base and expand the scope of expansion of the global market.
White chocolate is finely mad with cocoa butter as the key ingredient, along with milk products and sugar. Cocoa butter adds on to the nutritional value of chocolate, and hence is highly demanded by customers. Manufactures are keen to produce white chocolates with significant variations as per consumer demands.
White chocolate has been consistently used by manufactures in the food & beverages industry as a light-colored ingredient that does not do much change with the appearance of the product but enhance its taste and flavors. The caramelized white chocolate has been trending among the chefs in preparation of desserts and other eatables. These widely accepted trends are flourishing the market growth.
Increase in benefits of white chocolate fuels its application in the cosmetics industry. White chocolate possesses moisturizing and hydrating properties, which are perceived beneficial for skin regeneration and hydration.
The cosmetics industry is preferring the use of natural substances over chemical elements in the personal care products, which yield maximum benefits with no side effects. The personal care industry is witnessing the trend of chocolate-infused cosmetics. White chocolate is further used in face creams and moisturizers. Constant improvements and processing in enhancing the product quality are strengthening the base of white chocolates in the cosmetics industry, hence, fueling the growth of the global white chocolate market.
Key segments covered
Segment | Subsegment |
Application |
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