Australia Chocolate Market to Surpass $ 4.3 Billion by 2023
Growing preference for organic chocolates
with rising
health conscious population coupled with increasing premiumization of chocolates and expansion of e-commerce in FMCG to
drive Australia chocolate market through 2023
According to TechSci Research
report, “AustraliaChocolate Market
By Product Type, By Category, By Distribution Channel, Competition, Forecast
& Opportunities, 2013 – 2023”, Australia chocolate market is forecast
to reach $ 4.3 billion by 2023. Rising premiumization of
chocolates coupled with growing inclination of leading players towards offering
healthy chocolate products targeted towards increasingly health conscious millennial
and Gen-Z population, are the major factors expected to boost sales of
chocolates in the country over the course of next five years. Moreover, demand
for boxed assortments and artisanal chocolates is growing across Australia, as
people find gifting boxed chocolates like Ferrero Rocher highly convenient.
Browse 40
market data Figures and Tables spread through 86 Pages and an in-depth
TOC on
"Australia
Chocolate Market" https://www.techsciresearch.com/report/australia-chocolate-market/1711.html
As demand
for premium chocolates is growing across the country, number of exclusive
chocolate stores is also increasing. Moreover, more and more people are getting
attracted towards high-end offerings such as premium chocolates. New South Wales and Victoria are the largest demand generating regions
for chocolates in Australia, owing to huge population base in these regions.
Moreover, cities like Sydney, New Castle and Wollongong are located in these
regions, which account for a major share of urban population of Australia,
thereby further driving the country’s chocolate market.
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“Over the coming years, chocolate market in Australia is
anticipated to grow at a healthy rate, backed
by rising health conscious population, growing demand for organic chocolates, rapid
expansion of e-commerce industry and launch of innovative products by
manufacturers. Additionally, changing taste preferences of people are resulting
in the popularity of chocolates, as they are being made available in different
flavors, thus providing lucrative opportunities to companies operating in Australia
chocolate market during the forecast period.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Australia ChocolateMarket By Product Type, By Category, By
Distribution Channel, Competition, Forecast & Opportunities, 2013 – 2023” has evaluated the future
growth potential of chocolate market and provides statistics and information on
market structure, size, share and future growth. The report is intended to
provide cutting-edge market intelligence and help decision makers to take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities
present in Australia chocolate market.
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