The Australian Chocolate Market is Anticipated to Exceed $4.3 Billion by 2023
The chocolate market is projected to surpass $4.3 billion by 2023, on the back of growing chocolate consumption and rising demand for niche product categories such as organic chocolate products. Moreover, increasing focus of chocolate manufacturers on offering innovative products; for instance, Mondelez launching Cadbury Dairy Milk with Oreo in mint and strawberry flavors, is expected to positively influence the country’s chocolate market in the coming years.Rising number of health-conscious consumers, increasing demand for premium chocolates and rapid expansion of e-commerce in FMCG are some of the other factors that would fuel growth in Australia chocolate market during the forecast period.