According to recent reports from the producer price index, the cost of chocolate and candy manufacturing rose drastically by 45% between January and February. This year's price increase is particularly alarming as the cost of chocolate has doubled from January 2020 to January 2024, driven by significant challenges in the cocoa-production industry including increasingly severe weather conditions in key cocoa-growing regions like West Africa.
Dan Sadler from Circana noted, 'Chocolate candy, there's just not as many items per retailer on (the) shelf. We're seeing double-digit increases in non-chocolate items.' This indicates a market shift as consumers adapt to rising chocolate prices by purchasing alternative candy solutions.
Collection
[
|
...
]