Australia Chocolate Market, By Type (Milk Chocolate, Dark Chocolate and White Chocolate), By Category (Tablets, Countline, Boxed Chocolates, and Others), By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2017-2027

The Australian Chocolate Market stood at USD3451.05 million in 2021 and is expected to grow with a CAGR of 7.79% in the forecast period, 2023-2027. The market is expected to reach a market value of USD5402.23 million by 2027F, growing on account of surging demands among the population related to premium products and exquisite sweets. Increasing disposable income among the population and surging demands from the young population are further driving the growth of the Australian Chocolate Market in the upcoming five years. Gourmet products, rich nutrient-filled chocolates, variant shapes, sizes, and influenced consumer preferences are also supporting the growth of the Australian Chocolate Market in the next five years. Moreover, the rapidly growing e-commerce industry and increasing product line variants due to consistent efforts from the market players and global giants are also responsible for the growth of the Australian Chocolate Market in the future five years. Also, changing lifestyle of consumers, increasing awareness about health benefits are aiding the growth of the Australian Chocolate Market in the forecast years. Additionally, increasing demands for organic products due to their claims for higher nutritional content and healthier alternatives substantiates the growth of the Australian Chocolate Market in the forecast years until 2027.

The Australian Chocolate Market is segmented based on product type, category, distribution channel, region, and competitional landscape. Based on product type, the market is further fragmented into milk chocolates, dark chocolates, and white chocolates. Milk chocolates are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on account of increasing demands from the children and young adult population. Children are more inclined toward the sugary, milky flavor of the chocolates and since major chocolate brands have traditionally started with milk chocolates, the sales of the same are higher than dark or white chocolate. Dark chocolates are also anticipated to hold significant shares of the market, growing due to the recent launches of dark chocolates. Surging new market players with multiple variants and options incorporated with dark chocolate products are anticipated to drive the growth of the market in the next five years.

Mondelēz Australia Pty. Ltd., Mars Australia Pty. Ltd., Lindt & Sprüngli (Australia) PTY LTD, Nestlé Australia Limited, Ferrero Australia Pty. Ltd., Monsieur Truffe, Darrell Lea Confectionery Co. Pty. Ltd., Haigh Pty. Lt., Stuart Alexander & Co Pty Ltd., J.H. Whittaker & Sons (Aust) Limited, etc., are among the major market players in the Australia platform that lead the market growth of the Australian Chocolate Market.

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022
• Forecast Period: 2023-2027

Objective of the Study:

• To analyze the historical growth in the market size of the Australian Chocolate Market from 2017 to 2020.
• To estimate and forecast the market size of the Australian Chocolate Market from 2021 to 2027 and growth rate until 2027.
• To classify and forecast the Australian Chocolate Market based on product type, category, distribution channel, region, and competitional landscape.
• To identify dominant region or segment in the Australian Chocolate Market.
• To identify drivers and challenges for the Australian Chocolate Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Australian Chocolate Market.
• To identify and analyze the profile of leading players operating in the Australian Chocolate Market.
• To identify key sustainable strategies adopted by the market players in the Australian Chocolate Market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across the country.

The publisher calculated the market size of the Australian Chocolate Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to chocolate
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the Australian Chocolate Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Australia Chocolate Market, By Type

• Milk
• Dark
• White

Australia Chocolate Market, By Category

• Tablets
• Countline
• Boxed Chocolates
• Others

Australia Chocolate Market, By Distribution Channel

• Departmental Stores
• Convenience Stores/Forecourt Retailers
• Supermarket/Hypermarket
• Online
• Others

Australia Chocolate Market, By Region

• Northern Australia
• Tasmania
• South Australia
• Western Australia
• Queensland
• Victoria
• New South Wales

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Australian Chocolate Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.