Market Trends of uk chocolate Industry
Strong demand during various festive seasons and especially occasions like Christmas, easter, and others, along with the introduction of innovative flavors, drive the market growth
- The United Kingdom has a significant affinity for chocolate and has a long tradition of chocolate consumption. In 2022, globally, the country ranked 7th largest consumer of chocolate and 4th in Europe.
- Consumer Preference for different flavor profiles associated with innovative flavors in chocolate products is a major factor driving the market in the country. As of 2022, one in six people in the United Kingdom consumed chocolate every day, while only 5% of consumers in the country do not eat chocolate.
- Pricing is one of the crucial factors influencing the consumer’s chocolate buying behavior in the United Kingdom. Chocolates are available at various prices in the Country. In 2022, the retail price of average chocolate stood at USD 4, and higher-end chocolate ranged at more than 74.9.
- Consumers in the country prefer various types of chocolate bars, including milk chocolate and dark chocolate, due to the health benefits associated with it. In 2022, 67% of consumers in the United Kingdom opted for milk chocolate, 22% of consumers consumed dark chocolate, and just 11% preferred white chocolate.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Strong demand for nutritionally fortified chocolates propels the sales growth of the segment
