Chocolate & Confectionery Production in the UK - Industry Market Research Report

Melting chocolate: Industry revenue is forecast to fall in 2023-24, partially due to rising inflation

The chocolate and confectionery industry is divided into three categories: cocoa products, sugar confectionery products and chewing gum. These productions have faced numerous challenges such as rising health consciousness, fluctuating input costs and increased competition from imported goods, all contributing to reduced revenue. The growing popularity of organic and fairtrade practices stems from a marked increase in health awareness, leading consumers towards healthier alternatives. Consequently, manufacturers have started producing low-sugar versions of classic chocolate bars. This strategy has expanded niche markets and chocolate manufacturers' wider production of vegan and reduced-sugar products. This industry is broken down into three subclasses: cocoa product production, sugar confectionery production and chewing gum production. Cocoa products include chocolate, cocoa butter, cocoa fat and cocoa oil. The sugar confectionery segment covers the production of caramel, nougat, lozenges, toffee and fondant. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.