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Chocolate Being One Of The Most Desired And Preferred Confectionery Items In Australia Have A Huge Market Size. At 6.3 Kg Per Capita, Australia Has Recorded To Have One Of The Highest Chocolate Consumption Rates In Asia-Pacific, After The United Kingdom And Some Of The Western European Nations Like Switzerland. According To Statistics, In The Year 2017, The Chocolate Factories In Australia Have Grown By 4 Percent, Faster Than The 3 Percent Growth In The Year 2016 (Minifie 2012). The Chief Reason Behind This Growth Is The High Demand Of Consumers For Premium Quality Chocolate. While The Majority Of The Consumers Are Found To Be Viewing Chocolates N Indulgence, The Health-Conscious Consumers Are Choosing To Consume High Cocoa Containing Chocolate Or Moderating Their Chocolate Intake Rather Than Switching Their Preferences To Any Other Snacks. The Revenue Of The Chocolate Confectionery In Australia In The Year 2018 Is 2,590 Million Dollars. According To Researchers, The Market Size Of The Mentioned Industry Will Grow Annually By 2.7 Percent Within The Time Range Of 2018 To 2021.
The Chief Participants Of The Australian Chocolate Factory Include Mondelez International, Mars Nestle, Kraft Foods, Mars Inc, Hershey Food Corporation, Ferrero Group, Lindt Company And Unilever Group Strauss Elite. Mondelez International The Owner Of Cadbury Dominates The Chocolate Industry Of Australia With A Share Of 55 Percent Of The Total Market (Minifie 2012).
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