Despite experts predicting lower inflation, chocolate consumption will remain flat across the coming years, as living costs, such as energy prices, are expected to increase once again across the forecast period. In addition to this, retailers predict that prices will continue to rise into 2023, and keep going up in 2024, putting pressure on consumers' disposable budgets and challenging sales volumes.
The increasing share of chocolate imports is expected to pressure local manufacturers in the coming years. Raw material prices may also continue to increase over the forecast period, leading to higher chocolate confectionery retail prices and challenging volume consumption.
Following the outbreak of COVID-19, tourists are continuing to visit Switzerland, and this will drive sales in the coming years. Tourism benefits chocolate confectionery, as Swiss chocolate is highly regarded as a quality product, with visitors of the country interested in tasting the products are taking them home.
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Understand the latest market trends and future growth opportunities for the Chocolate Confectionery industry in Switzerland with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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