CATEGORY
Chocolate
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Savings Achieved
(in %)
The average annual savings achieved in Chocolate category is 5.83%
Payment Terms
(in days)
The industry average payment terms in Chocolate category for the current quarter is 72.0 days
Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™
Category Strategy and Flexibility
Engagement Model
Supply Assurance
Sourcing Process
Supplier Type
Pricing Model
Contract Length
SLAs/KPIs
Lead Time
Supplier Diversity
Targeted Savings
Risk Mitigation
Financial Risk
Sanctions
AMEs
Geopolitical Risk
Cost Optimization
Price per Unit Competitiveness
Specification Leanness
Minimum Order Quality
Payment Terms
Inventory Control
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Chocolate Suppliers

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Use the Chocolate market, supplier and price information for category strategy creation and Quaterly Business Reviews (QRBs)
Schedule a DemoChocolate market report transcript
Chocolate Global Market Outlook
- The global chocolate market is expected to grow at a CAGR of 5 percent during 2021–2025. A significant market growth in the food & beverage market has aided the chocolate market, at 2020, it reached $120 billion
Impact of COVID-19 on Chocolate Industry
- Chocolate prices are expected to witness an increase across Europe and the US, as the demand is drove by the seasonality, and this trend is expected to stay until mid Q1 2022. The increasing import of premium chocolate by the US, due to increasing demand and the existing supply gap induced by the recovering production and trade is also aiding this hike.
Global Chocolate Market: Drivers and Constraints
Industry Drivers
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Seasonal trends: The demand and the increase in rate of consumption have a cyclic pattern, as it is swayed by the festivals and special occasions around the globe, which then triggers the price and the requirements
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Product innovation: Constant innovation is required to diversify the product and brand from the highly concentrated market with endless verity of products and the probability of innovation to be copied. The want for premium and innovative products by consumers drive the growth within the market
Constraints
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Raw material availability: As the unpredictable climatic changes have drastically affected the producing regions, the production is affected and the ease of sourcing is also compromised
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Price sensitive: Though the demand for premium products is increasing in the consolidated market, the emerging markets with great potential is still a price sensitive market, which demands for high quality products
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Growing competition for raw material: The ease to source and the demand in the emerging markets are causing scarcity and push up the price for cocoa, as all the buyers rely on the same region to source from giving more power to suppliers
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