White Chocolate Market 2019-2023| Evolving Opportunities with Mondelēz International and Nestlé | Technavio

The global white chocolate market is poised to grow by USD 1.8 billion during 2019-2023, progressing at a CAGR of nearly 2% during the forecast period.

The market is driven by the rising adoption of white chocolate in diverse application sectors. Also, the increasing trend of premiumization of white chocolate is anticipated to boost the growth of the global market further.
Compared to other chocolate types, white chocolate has negligible caffeine content and a smoother buttery structure. Unilever’s ice cream brand Magnum recently launched white chocolate flavored ice creams in the UK. Similarly, Mondelez International-owned by Cadbury launched the Dream ice-cream also made of white chocolate in the UK. Starbucks Coffee Company also offers a range of products such as Black and White Mocha, Black and White Mocha Frappuccino, and Black and White-Hot Cocoa containing white chocolate. This will increase the demand for white chocolate across various applications in the F&B sector, driving the growth of the global market.
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Major Five White Chocolate Market Companies:
Chocoladefabriken Lindt & Sprüngli AG
Chocoladefabriken Lindt & Sprüngli AG owns and operates the business in Europe, North America, and Rest of the World. The company offers a wide range of white chocolates under various brands, such as LINDOR, CREATION, Russell Stover, and Ghirardelli.
Mars, Incorporated and its Affiliates
Mars, Incorporated and its Affiliates operates the business under five segments, which include Mars Petcare, Mars Wrigley Confectionery, Mars Food, Mars Drinks, and Mars Edge. The company is the leading vendor in the global white chocolate market and has some well-known brands under its portfolio, such as M&M’s, SNICKERS, TWIX, DOVE, GOODNESSKNOWS, and MALTESERS.
Mondelēz International
Mondelēz International has business operations in Latin America, Asia, Middle East & Africa, Europe, and North America. The company offers white chocolate under many well-known brands such as Alpen Gold, Cadbury, Côte d’Or, Freia, Lacta, Marabou, Milka, and Toblerone.
Nestlé
Nestlé operates the business under five segments, which include Zone EMENA, Zone AMS, Zone AOA, Nestlé Waters, and Other businesses. The company is a significant player in the global white chocolate market and offers a wide range of products under brands such as KitKat, TOLL HOUSE, Milkybar, Garoto, Aero, and Orion.
The Hershey Company
The Hershey Company operates the business under the following segments: North America and International & others. The company is a significant player in the global white chocolate market and sells its products through some well-known brands such as HERSHEY’S KISSES, REESE’S, TWIZZLERS, and KitKat.

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