In 2023, most chocolate confectionery categories have seen double-digit growth in unit prices as a result of rising production costs, such as added overhead costs for back-up power generation, and rising prices of raw materials. The costs of ingredients and other inputs are expected to continue to rise over the forecast period, which will see brands continue to increase unit prices.
Over the forecast period, chocolate confectionery is expected to record more muted growth in retail current value terms, and a continued fall in demand in retail volume terms. Trends are ever-changing, and since product research and development takes time, brands will need to stay agile and forward-thinking to remain competitive.
In January 2023, the South African government, in line with global trends, gazetted a draft of Regulations Relating to the Labelling and Advertising of Foodstuffs, which is open for public comment. The proposed changes in the draft regulation aim to ensure greater transparency, protect consumers against misleading claims, and promote healthier dietary choices.
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Understand the latest market trends and future growth opportunities for the Chocolate Confectionery industry in South Africa with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Chocolate Confectionery industry in South Africa, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is the aggregation of tablets, countlines, chocolate pouches and bags, boxed assortments, seasonal chocolate, chocolate with toys, and other chocolate confectionery. Nuts and fruits covered in chocolate are included in this category. Note that chocolate overtly positioned for baking/cooking purposes is excluded from Euromonitor International's confectionery coverage.See All of Our Definitions
This report originates from Passport, our Chocolate Confectionery research and analysis database.
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