Retail Intelligence Report: Chocolate/Jelly/Candy Q1

Market Trends: The analysis of Tridge’s Top 20 confectionery products across ten global markets highlights significant variations in average price per 100 grams (g), driven by market demand, competition, and economic conditions. Mexico leads with the highest price at USD 18.16/100g, reflecting a premium market structure, while Korea offers the most affordable confectionery at USD 1.50/100g due to strong domestic brands and price competition. The United States (US) and UK show price parity, while European markets vary, with Germany having notably high prices. Japan’s pricing is more than double Korea’s, indicating differing consumer preferences.

Noteworthy Products: In China, the Ferrero Rocher Chocolate Gift Box (48 pieces) stood out as a premium confectionery offering. Ferrero products are extremely popular in China, with 11 Ferrero products making it to the Top 20 list in the country. Premium chocolates, particularly in gift box packaging, are highly sought after, especially during festive seasons.

Industry News: The Chinese government has provided USD 199.9 million to Ivory Coast for the construction of two cocoa processing plants, each with an annual capacity of 50,000 metric tons (mt). This initiative aims to strengthen Ivory Coast’s cocoa processing capabilities while ensuring a steady supply of processed cocoa to China. As part of the agreement, Chinese engineering firm China Light Industry Nanning Design Engineering will also construct two cocoa warehouses in San-Pédro and Abidjan, with storage capacities of 140,000 mt and 160,000 mt, respectively. In return, 40% of the processed cocoa output from these plants will be supplied to Chinese companies, reinforcing China’s role in the global cocoa supply chain while supporting Ivory Coast’s ambition to increase domestic cocoa processing and add value to its exports.