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.
COVID-19 scenario analysis
Production shutdown scenario
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.
Disrupted supply chains
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.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
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.
New product launches to flourish the 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.
Surge in usage in cosmetic industry
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 benefits of the report
- This study presents the analytical depiction of the global white chocolate industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global white chocolate market share.
- The current market is quantitatively analyzed to highlight the global white chocolate market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global white chocolate market research report
- Which are the leading players active in the global white chocolate market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
White Chocolate Market Report Highlights
By Distribution Channel
By Industry Vertical
Key Market Players
GCPPL Ltd., Agostoni Chocolate, Ferrero, Nestle SA, Ghirardelli Chocolate Co., Mondelez International, Mars Incorporated, The Hershey Company, Chocolatiers Ltd., Blommer Chocolate Company, Unilever, Barry Callebaut