Australia Chocolate Market, By Product Type (Milk, Dark and White), By Category (Tablets, Countline, Boxed Chocolates, and Others (Assorted Chocolates, Chocolate Pouches & Bags, etc.)), By Distribution Channel (Departmental Stores, Convenience Stores/Forecourt Retailers, Supermarkets/Hypermarkets, Online, and Others (Specialty Stores, Duty-free Shops, Kiosks, Pharmacies, etc.)), By Region, Competition, Forecast & Opportunities, 2028F

The Australia Chocolate Market is anticipated to project robust growth during the forecast period on account of rising health awareness, rising disposable income, and rising demand for chocolates among children. Other significant factors driving the rise of the Australian chocolate market include the fast-paced growth of the FMCG sector's e-commerce market and the rising number of product line options provided by market participants. Moreover, among the key factors influencing the growth of the chocolate market in Australia are consumer healthy choices and the rising demand for premium chocolates.

Moreover, organic products are supposed to be more wholesome and nutritious. Owing to the rising preference for naturally derived and organic products in Australia, producers have begun to include organic chocolates in their line of goods. Australians spent an average of USD 135.70 per person on chocolate products in 2022. To appeal to health-conscious consumers, some top chocolate manufacturers have recently released healthier products including organic, vegan, sugar-free, and gluten-free chocolates.

The majority of chocolate sold in Australia is made of "liquor," a paste prepared by industry giants such as Mondelez, Mars, Nestle, and The Hershey Company. In 2021, 49% of adult Australians regularly ate candy and chocolate. As of 2022, Australia had 429 chocolate and confectionery producers.

Increasing Boxed Assortments and Artisanal Chocolates Will Lead to the Market Growth

Consumer preference for boxed assortments and artisanal chocolate is growing as the price of premium chocolate increases. Premium goods are assumed to be a sign of wealth and prosperity among consumers. Sales of boxed assortments and artisanal chocolates are also expanding due to the rising habit of giving chocolates as gifts, especially during the Easter season. Moreover, compared to other chocolates, boxed assortments are easier to give as gifts. As artisanal chocolates are made up of natural ingredients and have a lower carbon footprint than most other varieties of chocolate, thus it is growing in popularity among customers. An additional benefit of purchasing from an artisan chocolatier is the availability of vegan chocolates free of milk fat, milk solids, and other substances derived from animals.

Artisanal chocolate is produced with pure cacao beans that are harvested without using any animal products, in contrast to commercial milk chocolate products that harm the environment and exploit labor. These elements are responsible for an increase in the sales of boxed assortments and handmade chocolates, which is anticipated to boost chocolate sales nationwide.

Rising Premiumization of Chocolates Aiding the Market Growth

The demand for premium chocolates is increasing nationwide, and therefore there are more specialty chocolate shops opening up. Due to taste preferences and a high per capita income, people in Australia are becoming more and more interested in premium chocolate offers. Additionally, businesses are moving toward a premium product range as consumers are prepared to spend more on premium goods due to beliefs that purchasing such goods raises one's social status. For instance, Australia imported $699.3 million worth of cocoa and products made from cocoa in 2020. Thus, there is a chance that local production of the bean may rise in the years to come and partially offset imports. The sector relies on exporting high quality cocoa beans into premium, niche markets because Australian cocoa growers are unable to compete on price with small-scale farmers from underdeveloped nations. During the projected period, this is anticipated to drive the demand for chocolate in Australia.

Availability of Wide Range Of Products Will Fuel the Market Growth

Consumers are becoming more and more concerned with food fat and sugar content and gravitating toward healthier dietary options. Chocolate is not widely regarded as a healthy food item due to its high sugar content and high caloric value. The industry has noticed an increase in premium chocolate from specialty shops, product variety, healthier product options, and ethical, sustainable production. Manufacturers are changing their product line-up to include healthier chocolates to provide healthy options in the chocolate market. Innovations such as functional foods are being incorporated into chocolates as an ingredient to boost the nutritional value, offering organic chocolates, and as a result, the health-conscious population is becoming more drawn to consuming chocolates having nutritional value.

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Market Segmentation

The Australia chocolate market is segmented on the basis of product type, category, distribution channel, region, and competitional landscape. Based on product type, the market is further segmented into milk chocolates, dark chocolates, and white chocolates. Based on category, the market is further split into tablets, countline, boxed chocolates, and others (assorted chocolates, chocolate pouches & bags, etc.). Based on distribution channel, the market is further segmented into departmental stores, convenience stores/forecourt retailers, supermarkets/hypermarkets, online, and others (specialty stores, duty-free shops, kiosks, pharmacies, etc.). The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Australia Capital Territory & New South Wales, Northern Territory & Southern Australia, Western Australia, Queensland, Victoria & Tasmania.

Company Profiles

Mondelēz Australia Pty. Ltd., Mars Australia Pty. Ltd., Lindt & Sprüngli (Australia) Pty Ltd, Nestlé Australia Limited, Ferrero Australia Pty. Ltd., Darrell Lea Confectionery Co. Pty. Ltd, AE Haigh Pty Ltd., Stuart Alexander & Co Pty Ltd., J.H. Whittaker & Sons (Aust) Limited, Monsieur Truffe, etc. are also actively entering the market in recent years and further strengthening the market growth.

Report Scope:

In this report, Australia chocolate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Australia Chocolate Market, By Product 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
• Supermarkets/Hypermarkets
• Online
• Others
• Australia Chocolate Market, By Region:
• Australia Capital Territory & New South Wales
• Northern Territory & Southern Australia
• Western Australia
• Queensland
• Victoria & Tasmania

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Australia chocolate market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Australia Chocolate Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]