the future of chocolate in a challenging economic environment

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THE FUTURE OF CHOCOLATE IN A CHALLENGING ECONOMIC ENVIRONMENT JACK SKELLY, FOOD ANALYST ICCO, PUNTA CANA, DOMINICAN REPUBLIC, WEDNESDAY 25 TH MAY 2016

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Page 1: The Future of Chocolate in a Challenging Economic Environment

THE FUTURE OF CHOCOLATE IN A CHALLENGING ECONOMIC ENVIRONMENTJACK SKELLY, FOOD ANALYST

ICCO, PUNTA CANA, DOMINICAN REPUBLIC, WEDNESDAY 25TH MAY 2016

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More available

More demand

More competition

Chocolate’s Role as a Snack is EvolvingTHE FUTURE OF CHOCOLATE IN A CHALLENGING ECONOMIC ENVIRONMENT

Page 3: The Future of Chocolate in a Challenging Economic Environment

CHOCOLATE TODAY

CHOCOLATE’S CHANGING ROLE

THE FUTURE

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Chocolate Could be a Global SnackCHOCOLATE TODAY

20 BarsPER PERSON PER YEAR, GLOBALLY

US$100 billionSPENT ON CHOCOLATE IN 2015

7.1 million tonnesOF CHOCOLATE BOUGHT IN 2015

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Yet it Remains a Snack of the WealthyCHOCOLATE TODAY

0

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Volume Consumption Declining in Traditional MarketsCHOCOLATE TODAY

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Fast Growing Markets Offset Core Market DeclineCHOCOLATE TODAY

-400 grammes (2010-

2020)

+400 grammes (2010-

2020)

Middle East & Africa, Latin America, Asia Pacific

WesternEurope &North America

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CHOCOLATE TODAY

CHOCOLATE’S CHANGING ROLE

THE FUTURE

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Changing the Habit of a Lifetime – Chocolate’s Growing ProminenceCHOCOLATE’S CHANGING ROLE

Improved supply chain

Improved distribution

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Changing the Habit of a Lifetime – Chocolate Undermined by New SnacksCHOCOLATE’S CHANGING ROLE

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The World of Chocolate is Becoming Far More SophisticatedCHOCOLATE’S CHANGING ROLE

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Tablets Highlight the Extent of Growing SophisticationCHOCOLATE’S GLOBAL ROLE

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CHOCOLATE TODAY

CHOCOLATE’S CHANGING ROLE

THE FUTURE

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Taxation: A Potential Hindrance to Chocolate’s Growth?THE FUTURE

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Experience Will be Key Around the WorldTHE FUTURE

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Market opportunity

Increased availability

More competitive

Increased volume

consumption

More Demand, More DemandingTHE FUTURE

Market saturation

More health conscious

More competition

Declining volumes,

better quality

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Outlook Deserves Some Qualified OptimismCHOCOLATE TODAY

US$14.3 billionAdditional value sales between 2015 and 2020

33%Additional value sales will stem from Western Europe and North America

700,000 TonnesAdditional volume sales between 2015 and 2020