Choc Industry

• What is the valuation of the global chocolate industry in 2024?

  Approximately $127.9 billion
• What is the estimated value of the UK chocolate market in 2025?

  $12.46 billion
• What is the projected growth of the UK chocolate market by 2030?

  To $16.2 billion
• What is the compound annual growth rate (CAGR) for the UK chocolate market from 2025 to 2030?

  5.40%
• What percentage of total retail sales in the UK chocolate market is accounted for by the top five companies in 2023/24?

  70%
• Which company leads the UK chocolate market with nearly a third of the market share?

  Mondelēz
• Name two other significant players in the UK chocolate market.

  Mars Wrigley and Nestlé
• What trends are emerging in the chocolate industry due to specialization?

  • Emergence of premium and artisanal products
  • Growing demand for specialty chocolates
  • Emphasis on craftsmanship and diverse flavors
• What is driving the shift towards specialty chocolates in the UK?

  Consumer preferences for ethical sourcing
• How does specialization in the chocolate industry reflect consumer desires?

  • Desire for premium products
  • Interest in ethically produced items
  • Demand for innovative product development