Global White Chocolate Market Overview:
White chocolate is made from a mixture of cocoa butter, milk solids, sugar, milk fat, and lecithin, which is a fatty emulsifier that binds it together. However, the white chocolate doesn't count as genuine chocolate because it does not contain any chocolate solids or cocoa powder and it even lacks the quintessential chocolate color and taste. It is used in various bakery products, cosmetics, and other food and beverages. The white chocolate is available in different shapes and flavors in online stores as well as offline stores.
Growth Drivers
- Increasing Demand for Different Types of Sweet Snack
- Growing Demand for White Chocolate Because of its Health Benefits
Roadblocks
- Side Effects Associated with Consumption of White Chocolates
- Regulatory Guidelines Regarding White Chocolates
Opportunities
- Advancement in Packaging and Labelling of White Chocolate
Competitive Landscape:
Some of the key players profiled in the report are Blommer Chocolate Company (United States), The NESTLÉ Anglo-Swiss Condensed Milk Company (Export) Limited (Switzerland), Agostoni Chocolate (United States), The Hershey Company (United States), Barry Callebaut (Switzerland), Mondelez International Inc. (United States), Ferrero SpA (Italy), Philadelphia Candies (United States) and Godiva Chocolatier (United States). Considering Market by Distribution Channels, the sub-segment i.e. Online will boost the White Chocolate market.
"The FDA said to be called white chocolate, the candy must have at least 20% cocoa butter, 14% milk solids, and 3.5% milk fat — and no more than 55% sugar or other sweeteners. Vanilla is added for flavor, and a fatty substance called lecithin is in there as an emulsifier. The FDA's actions were partly in response to petitions from Hershey Foods and the Chocolate Manufacturers Association of America, who wanted to stop manufacturers from making imposter white chocolate using only vegetable oil or other cheaper fats instead of cocoa butter."
What Can be Explored with the White Chocolate Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global White Chocolate Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in White Chocolate
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global White Chocolate market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in White Chocolate market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes White Chocolate Manufacturers, White Chocolate International Traders, White Chocolate Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.