CASE STUDIES

Market Intelligence Engagement Helped a Chocolate Confectionery Manufacturer to Increase Profits by 23%

Nov 12, 2019

Chocolate Confectionery Market Overview

The rapid premiumization in chocolate confectionery and the rising demand for gluten-free chocolates are expected to foster the growth of the chocolate confectionery market in the coming years. However, customers’ increasing focus on health and a slowdown in sales in promising markets could impact the further growth of the global chocolate confectionery market. As such, leading players in the chocolate confectionery market are identifying new growth opportunities and focusing on innovating their product offerings. However, to rapidly adapt to the market changes, it requires companies in the chocolate confectionery market to track key industry trends, opportunities, and threats.

As the balance of power has shifted from companies to customers, focusing on new packaging innovations and market opportunities have become vital for food manufacturers to sustain a leading edge in the market. Our market research experts can help you to keep pace with market changes and adapt to the fast-changing marketplace. Request a FREE proposal today!

Business Challenge

The client is a chocolate confectionery manufacturer based out of Belgium.

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Business Challenges Included:
The rising competition from new players who provided a wealth of snacks such as energy bars and nuts increased competition for the client as customers were highly health-conscious. Also, rapid fluctuations in the prices of raw materials hampered the company’s production volume and adversely affected the profit margins. The company also imported raw materials from other countries. However, the client noted that prices for imported raw materials such as cocoa butter, sugar, almonds, and vanilla climbed to record levels due to unfavorable weather conditions in producer countries. To address these rising challenges, the chocolate confectionery manufacturer realized the need to gather comprehensive insights into the market demands and industry developments. As such, they approached the experts at Infiniti Research to leverage their expertise in offering market intelligence solutions.

Growing health consciousness among customers has increased the demand for gluten-free chocolate confectionaries across the globe. Want to know other major trends in the chocolate confectionery market to focus on and yield huge profits?

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