Market Trends: Ferrero commanded a notable lead in China, producing all but three of the Top 20 products, signifying a significant preference for Ferrero-branded confectionery. However, Ferrero’s popularity was less prominent in Japan and South Korea, where Lotte products dominated, indicating a strong cultural alignment of Lotte’s offerings with regional consumer tastes in these markets.
Noteworthy Product: In Japan, Bourbon Fettuccine Gummy Italian Grape Flavor has gained prominence, leveraging the increasing popularity of gummy snacks. Its unique texture, reminiscent of Italian fettuccine pasta, paired with the vibrant and tangy taste of grape, has captured the interest of gummy enthusiasts seeking novel flavor experiences.
Industry News: Ongoing challenges in cocoa-producing regions, particularly in West Africa, are intensifying supply constraints and driving global cocoa prices upward. Ghana and Ivory Coast, the world’s largest cocoa producers, have responded by increasing farmgate prices to support farmers and address smuggling. While these price adjustments offer short-term relief to farmers, they underscore the sector's broader issues with crop disease, climate challenges, and competitive pressures that continue to strain production.
1. Key Takeaways in Q4 2024 Chocolate/Jelly/Candy Market
- Market Trends
- Noteworthy Products
- Cross-Country Analysis
2. Actionable Recommendations
3. Global Trends
- Industry News
4. Top Products & Trends by Country
- United States
- United Kingdom
- China
- Japan
- Korea
- Germany
- France
- Italy
- Mexico
- Australia
5. Appendix
- Top Products by Display Order
- Products with the Biggest Change in Display Order
Trade4go
Dec 15th, 2024
