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White Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global white chocolate market size reached US$ 18.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.0 Billion by 2027, exhibiting a growth rate (CAGR) of 2.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

White chocolate is a blend of cocoa butter, sugar, milk products, vanilla, and lecithin, which is a fatty emulsifier assisting in combining different ingredients. Its consumption can be associated with various health benefits, such as elevating mood, boosting immunity, improving digestion, relieving stress, and lowering the risk of hypertension and heart failure. Presently, it is available in different colors, including white, pale yellow, or ivory, and is widely used in numerous snacks and beverages, such as cookies, popcorns, cupcakes, milkshakes, coffee, and smoothies.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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White Chocolate Market Trends:

The increasing consumption of confectionery items on account of rapid urbanization and changing consumer preferences, tastes, and eating habits represent one of the key factors impelling market growth. Moreover, the rising awareness about the health benefits of white chocolate, such as improving low blood sugar levels for people suffering from hypoglycemia, is driving the market further. Apart from this, due to the high presence of cocoa butter, white chocolate is extensively utilized in formulating various cosmetic and personal care products, such as lotions, lip balms, hair removal wax, nail enamel, and anti-aging and scar-reducing topical treatments. It assists the skin in forming a thin protective barrier that locks in moisture and blocks out harsh outside elements. Besides this, key manufacturers are using fruit powders to produce sugar-free chocolates. They are also introducing vegan variants made using plant-based milk alternatives like oat, soy, or coconut. This, in confluence with the emerging adoption of veganism, is anticipated to impel the growth of the market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global white chocolate market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on the distribution channel.

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Non-Grocery Retailers
  • Others  

Supermarkets and hypermarkets account for a majority of the share due to the easy availability of a wide variety of white chocolates as compared to other distribution channels.

Breakup by Key Regions:

  • Western Europe
  • North America
  • Eastern Europe
  • Asia
  • Latin America
  • The Middle East and Africa
  • Australasia

Western Europe holds the largest market share on account of the high consumption of confectionery items across the region.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.

This report provides a deep insight into the global white chocolate industry covering all its essential aspects. This ranges from a macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a white chocolate manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, consultants, and all those who have any kind of stake or are planning to foray into the white chocolate industry in any manner.

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology 
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Chocolate Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Market Breakup by Region
    5.4    Market Breakup by Product
    5.5    Market Breakup by Packaging
    5.6    Market Breakup by End-Use
    5.7    Market Share of Key Players
    5.8    Market Forecast
6   Global White Chocolate Industry
    6.1    Market Overview
    6.2    Market Performance
        6.2.1    Volume Trends
        6.2.2    Value Trends
    6.3    Impact of COVID-19
    6.4    Price Analysis
        6.4.1    Key Price Indicators
        6.4.2    Price Structure
        6.4.3    Price Trends
    6.5    Market by Region
    6.6    Market by Distribution Channel
    6.7    Market Forecast
    6.8    SWOT Analysis
        6.8.1    Overview
        6.8.2    Strength
        6.8.3    Weakness
        6.8.4    Opportunity
        6.8.5    Threat
    6.9    Value Chain Analysis
        6.9.1    Overview
        6.9.2    Cocoa Growers
        6.9.3    Cocoa Grinders
        6.9.4    Coverture/Industrial Chocolate Manufacturers
        6.9.5    End Use Industries
        6.9.6    Chocolate Manufacturers
        6.9.7    Distributors
        6.9.8    Exporters
        6.9.9    Retailers
    6.10    Porters Five Forces Analysis
        6.10.1    Overview
        6.10.2    Bargaining Power of Buyers
        6.10.3    Bargaining Power of Suppliers
        6.10.4    Degree of Rivalry
        6.10.5    Threat of New Entrants
        6.10.6    Threat of Substitutes
    6.11    Key Success and Risk Factors
7   Performance of Key Regions
    7.1    Western Europe
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    North America
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Eastern Europe
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Asia
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Latin America
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Middle East and Africa
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    Australasia
        7.7.1 Market Trends
        7.7.2 Market Forecast
8   Performance by Distribution Channel
    8.1    Supermarkets and Hypermarkets
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Convenience Stores
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Non-Grocery Retailers
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Competitive Landscape
10  White Chocolate Manufacturing Process

    10.1    Product Overview
    10.2    Detailed Process Flow
    10.3    Various Types of Unit Operations Involved
    10.4    Mass Balance and Raw Material Requirements
11  Project Details, Requirements and Costs Involved
    11.1    Land, Location and Site Development
    11.2    Construction Requirements and Expenditures
    11.3    Plant and Machinery
    11.4    Machinery Pictures
    11.5    Raw Materials Requirements and Expenditures
    11.6    Raw Material and Final Product Pictures
    11.7    Packaging Requirements and Expenditures
    11.8    Transportation Requirements and Expenditures
    11.9    Utilities Requirements and Expenditures
    11.10    Manpower Requirements and Expenditures
    11.11    Other Capital Investments
12  White Chocolate Manufacturing Plant: Loans and Financial Assistance
13  White Chocolate Manufacturing Plant: Project Economics

    13.1    Capital Cost of the Project
    13.2    Techno-Economic Parameters
    13.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    13.4    Taxation and Depreciation
    13.5    Income Projections
    13.6    Expenditure Projections
    13.7    Financial Analysis
    13.8    Profit Analysis
14  Key Player Profiles

List of Figures

Figure 1: Global: White Chocolate Market: Major Drivers and Challenges
Figure 2: Global: Chocolate Market: Volume Trends (in Million Tons), 2016-2021
Figure 3: Global: Chocolate Market: Value Trends (in Billion US$), 2016-2021
Figure 4: Global: Chocolate Market: Breakup by Region (in %), 2021
Figure 5: Global: Chocolate Market: Breakup by Product (in %), 2021
Figure 6: Global: Chocolate Market: Breakup by Packaging (in %), 2021
Figure 7: Global: Chocolate Market: Breakup by End-Use (in %), 2021
Figure 8: Global: Chocolate Market: Breakup by Key Players (in %), 2021
Figure 9: Global: Chocolate Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 10: Global: Chocolate Market Forecast: Value Trends (in Billion US$), 2022-2027
Figure 11: Global: White Chocolate Market: Volume Trends (in Million Tons), 2016-2021
Figure 12: Global: White Chocolate Market: Value Trends (in Billion US$), 2016-2021
Figure 13: White Chocolate Market: Price Structure (in US$/Ton)
Figure 14: Global: White Chocolate Market: Average Prices (in US$/Ton), 2016-2021
Figure 15: Global: White Chocolate Market Forecast: Average Prices (in US$/Ton), 2022-2027
Figure 16: Global: White Chocolate Market: Breakup by Region (in %), 2021
Figure 17: Global: White Chocolate Market: Breakup by Distribution Channel (in %), 2021
Figure 18: Global: White Chocolate Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 19: Global: White Chocolate Market Forecast: Value Trends (in Billion US$), 2022-2027
Figure 20: Global: White Chocolate Industry: SWOT Analysis
Figure 21: Global: White Chocolate Industry: Value Chain Analysis
Figure 22: Global: White Chocolate Industry: Porter’s Five Forces Analysis
Figure 23: Global: White Chocolate Market Forecast: Breakup by Region (in %), 2027
Figure 24: Western Europe: White Chocolate Market: Sales Volume (in Tons), 2016 & 2021
Figure 25: Western Europe: White Chocolate Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 26: North America: White Chocolate Market: Sales Volume (in Tons), 2016 & 2021
Figure 27: North America: White Chocolate Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 28: Eastern Europe: White Chocolate Market: Sales Volume (in Tons), 2016 & 2021
Figure 29: Eastern Europe: White Chocolate Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 30: Asia: White Chocolate Market: Sales Volume (in Tons), 2016 & 2021
Figure 31: Asia: White Chocolate Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 32: Latin America: White Chocolate Market: Sales Volume (in Tons), 2016 & 2021
Figure 33: Latin America: White Chocolate Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 34: Middle East and Africa: White Chocolate Market: Sales Volume (in Tons), 2016 & 2021
Figure 35: Middle East and Africa: White Chocolate Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 36: Australasia: White Chocolate Market: Sales Volume (in Tons), 2016 & 2021
Figure 37: Australasia: White Chocolate Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 38: Global: White Chocolate Market: Sales through Supermarkets and Hypermarkets (in Tons), 2016 & 2021
Figure 39: Global: White Chocolate Market Forecast: Sales through Supermarkets and Hypermarkets (in Tons), 2022-2027
Figure 40: Global: White Chocolate Market: Sales through Convenience Stores (in Tons), 2016 & 2021
Figure 41: Global: White Chocolate Market Forecast: Sales through Convenience Stores (in Tons), 2022-2027
Figure 42: Global: White Chocolate Market: Sales through Non-Grocery Retailers (in Tons), 2016 & 2021
Figure 43: Global: White Chocolate Market Forecast: Sales through Non-Grocery Retailers (in Tons), 2022-2027
Figure 44: Global: White Chocolate Market: Sales through Other Distribution Channels (in Tons), 2016 & 2021
Figure 45: Global: White Chocolate Market Forecast: Sales through Other Distribution Channels (in Tons), 2022-2027
Figure 46: White Chocolate Manufacturing Plant: Detailed Process Flow
Figure 47: White Chocolate Manufacturing: Conversion Rate of Products and By Products
Figure 48: White Chocolate Manufacturing Process: Breakup of Capital Costs (in %)
Figure 49: White Chocolate Production: Manufacturing Cost Breakup (in %)
Figure 50: White Chocolate Manufacturing Plant: Margins Across Various Stages of the Supply Chain

List of Tables

Table 1: Global: Chocolate Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: White Chocolate Market: Key Industry Highlights, 2021 and 2027
Table 3: Global: White Chocolate Market Forecast: Breakup by Region (in Tons), 2022-2027
Table 4: Global: White Chocolate Market Forecast: Breakup by Distribution Channel (in Tons), 2022-2027
Table 5: White Chocolate Manufacturing Plant: Raw Material Requirements (in Tons/Day)
Table 6: White Chocolate Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 7: White Chocolate Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 8: White Chocolate Manufacturing Plant: Machinery Costs (in US$)
Table 9: White Chocolate Manufacturing Plant: Raw Material Requirements (in Tons/Day)
Table 10: White Chocolate Manufacturing Plant: Costs Related to Utilities
Table 11: White Chocolate Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 12: White Chocolate Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 13: White Chocolate Manufacturing Plant: Capital Costs (in US$)
Table 14: White Chocolate Manufacturing Plant: Techno-Economic Parameters
Table 15: White Chocolate Manufacturing Plant: Taxation (in US$)
Table 16: White Chocolate Manufacturing Plant: Depreciation (in US$)
Table 17: White Chocolate Manufacturing Plant: Income Projections (in US$)
Table 18: White Chocolate Manufacturing Plant: Expenditure Projections (in US$)
Table 19: White Chocolate Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 20: White Chocolate Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 21: White Chocolate Manufacturing Plant: Profit and Loss Account (in US$)


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Key Questions Answered in This Report

The global white chocolate market was valued at US$ 18.2 Billion in 2021.

We expect the global white chocolate market to exhibit a CAGR of 2.1% during 2022-2027.

The growing application of white chocolate with savory ingredients to enhance the overall flavor of the
dishes, is primarily driving the global white chocolate market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of
white chocolate.

Based on the distribution channel, the global white chocolate market can be segmented into
supermarkets and hypermarkets, convenience stores, non-grocery retailers, and others. Currently,
supermarkets and hypermarkets hold the majority of the total market share.

On a regional level, the market has been classified into Western Europe, North America, Eastern Europe,
Asia, Latin America, Middle East and Africa, and Australasia, where Western Europe currently dominates
the global market.

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