Smaller flexible plastic packs have topped the trend for 2016 as they give consumers a sense of control over snacking, portion sizes and awareness of sugar intake in food and soft drinks, says Euromonitor International.
E-commerce startup Chocozonia has upped its distribution to include Cadbury, Nestlé and Mars products as well as homemade Indian chocolates after spotting an unmet need for an online confectionery channel in India.
Mainstream players like Hershey may struggle to maintain grip on the US chocolate market amid rising competition and a shift to seasonal and premium products, claims an analyst at Swiss-based financial services firm UBS.
Chinese consumers are turning their backs on domestic chocolate brands they associate with questionable food safety in favor of a growing number of international brands, says China’s market research company, Daxue Consulting.
Market research firm Technavio expects lower calorie product introductions and a growing social media presence among branded players will help grow confectionery value sales in the US by almost 2% each year to 2019.