US consumers have a growing appetite for new tastes such as ethnic flavors and single origin chocolate, creating an opportunity for gourmet confectioners, according to the Sweets and Snacks Expo organizers.
Austrian confectioner PEZ International is hoping to take advantage of the vogue retro trend by re-launching peppermint candies for adults that were previously ditched in favor of child-friendly products in the sixties.
Thorntons reported sweet success over Christmas, with its second quarter results, for the 14 weeks to January 22, revealing sales in both fast moving consumer goods (FMCG) and retail divisions ahead of some City analysts’ expectations.
Not quite the choc-pocalypse, but retail prices for chocolate are expected to rise in the face of cocoa price hikes, which could see the taste, shape and size of chocolate change significantly in the year ahead.
The chocolate market will develop a marked divide between cheaper, lower quality products and higher end offerings that use cocoa blends allowing consumers to distinguish aromatic notes like a wine-tasting, says Cémoi’s R&D chief.