Press release
Global Switzerland Chocolate Market size is expected to hit USD $ 2.11 Billion by 2029
Global Switzerland Chocolate Market size is expected to hit USD $ 2.11 Billion by 2029
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@https://www.cognitivemarketresearch.com/switzerland-chocolate-market-report
Market Dynamics of Switzerland Chocolate Market
Switzerland has long history of chocolate production as country began chocolate processing in the early 1800s. Swiss chocolate makers have had centuries to perfect their craft and develop their unique style of chocolate making. The high quality and rich flavor of chocolate made in Switzerland is the primary factor driving the growth of Switzerland chocolate market. Rising awareness about health benefits of high-quality chocolate among people helps to accelerate the demand of chocolates. In addition, increasing demand of vegan, organic, gluten-free, and sugar-free chocolates creates opportunity and drives the chocolate market in coming years.
The regulations by Switzerland government for high quality chocolate production sets reputation, that helps market to grow at domestic as well as international level. For instance, several Swiss chocolate brands such as Nestlé, Lindt & Sprüngli, Lindt and Toblerone are well known internationally. According to the survey of year 2017, Switzerland was the leading country in chocolate consumption per capita. Chocolate is often used in the production of various confectionery products such as chocolate bars, truffles, and chocolate-covered nuts and fruits. The economic and political stability in the country drives the overall food and confectionery industry. Furthermore, country is a popular tourist destination, which leads to an increase in demand for Swiss chocolate.
Despite the strong chocolate market, Switzerland is the ninth-largest European importer of cocoa beans. The main cocoa-producing countries are in West Africa, South America, and Asia. The cocoa beans used in Swiss chocolate are primarily sourced from these countries and then imported to Switzerland for processing. However, high production cost and high price of the chocolate might affect the chocolate market in Switzerland.
Segment Analysis of the Switzerland Chocolate Market
On The Basis Of Type Segment, the market is classified into milk/white chocolate, dark chocolate, chocolate with special ingredients and others. Milk chocolate is the most popular type of chocolate in Switzerland, accounting for a significant share of the country's chocolate production. Swiss milk chocolate is known for its smooth texture, rich flavor, and high milk content. Additionally, as per the Swiss Chocolate Association (SCA), milk chocolate is the most popular type of chocolate in Switzerland, it's the most consumed and it's the one that has the most exports.
On The Basis Of Distribution Channel, the market is segmented into supermarket, convenience store, online and others. Supermarket hold the majority of the share for the share due to the availability of the different types of chocolate in single store.
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@https://www.cognitivemarketresearch.com/switzerland-chocolate-market-report
Competitive Analysis of the Switzerland Chocolate Market
Major players involved in the market including
• Barry Callebaut
• Lindt & Sprüngl
• Nestle
• Mondelēz International, Inc.
• Guylian
• Cailler
• Chocolat Frey AG
• Swiss Chocolate Chalet
• Teuscher
• Villars and Ovomaltine
The market for Switzerland chocolate is moderately consolidated as major players acquire a large market share coupled with presence of small players.
News Section:
- September 30, 2022
Switzerland's highest court ordered German discounter Lidl to stop selling a similar product to Lindt chocolate bunnies in Switzerland.
- November 30, 2021
Lindt & Sprüngli progresses USD 79.64 million investment in Swiss cocoa processing site in Olten.
- November 29, 2022
The Barry Callebaut Group announced the groundbreaking of its third manufacturing facility in India.
- June 30, 2022
Barry Callebaut has paused its operations at one of its massive factories due to the salmonella outbreak.
- June 25, 2022
U.S. food giant Mondelez International, has planned to open a new production line in Slovakia by the end of 2023 for Toblerone brand due to the growing demand.
Switzerland Chocolate Market Report Scope
Type:
• Milk/White chocolate
• Dark chocolate
• Chocolate with special ingredients
• Others
Distribution Channel:
• Supermarket
• Convenience Store
• Online
• Others
Recurrently Inquired Queries
- What is the total market value for the Switzerland Chocolate market?
Response: The market value in 2021 was USD 1.63 billion and will reach to USD 2.11 billion by 2029
- What is the CAGR of the Switzerland Chocolate market?
Response: The CAGR of the market for 2022-2029 is 3.28%
- What companies are covered in the report on the Switzerland Chocolate market?
Response: Companies like Barry Callebaut, Lindt & Sprüngl, Nestle, Mondelēz International, Inc., Guylian, Cailler, Chocolat Frey AG, Swiss Chocolate Chalet, Teuscher, Villars and Ovomaltine are profiled in the final report
- What are the future threats for the growth of market?
Response: High production cost
Read More Reports:
@https://www.cognitivemarketresearch.com/list/food-%26-beverages
Related Market Reports
Chocolate Confectionery Market - https://www.cognitivemarketresearch.com/chocolate-confectionery-market-report
Milk Chocolate Market - https://www.cognitivemarketresearch.com/milk-chocolate-market-report
Vegan Chocolate Market - https://www.cognitivemarketresearch.com/vegan-chocolate-market-report
Cocoa Beans Market - https://www.cognitivemarketresearch.com/cocoa-beans-market-report
Sugar Free Chocolate Market - https://www.cognitivemarketresearch.com/sugar-free-chocolate-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
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