Feb 20, 2023 (The Expresswire) -- "Liqueur Chocolate Market" new research report for [2023] provides a comprehensive overview, including market size, share, growth rate, PESTEL analysis, SWOT . All Rights Reserved, Twitter PESTLE Analysis: 6 Notable Factors Affecting the Social Network, How to Pursue a Career in Cybersecurity: 7 Professional Tips to Follow, General Mills SWOT Analysis: 3 Opportunities to Gain Competitive Advantage, Root Cause Analysis: An Easy 6-Step Complete Guide, Mayo Clinic SWOT Analysis 2023: Healthcare Business Checkup, 3 Top Tech Tools for the Modern Commercial Contractor. - International Trade & Other Treaties The country has a good record of adhering to international treaties it has done with various global partners. Raw material prices: Fluctuations in the prices of cocoa, sugar, and other ingredients can affect the cost of production and ultimately the price of chocolate products. This is why theyre using A.I to improve their products and encourage more sales. It should evaluate the e-commerce infrastructure, technology infrastructure etc before entering a new market. Know More It shares its borders with the neighboring countries of Namibia, Botswana and Zimbabwe, and to the east are . - Price Fluctuations in both Local and International Markets Compare to the level of quantitative easing in last decade the prices of Chocolate Gourmet products and prices of overall products have remained sticky in the US market. we specialize at providing professional PESTEL analysis & other strategic management MBA resources. Legal factors often govern conditions to enter the market, laws to operate in the market, and procedure to resolve any dispute with other stakeholders. Despite the popularity of chocolate in the United States, many analysts believed that the market was far from saturated, noting that European per capita consumption of chocolate remained considerably higher than that of American consumers. Chocolate Hawkins can make strategies based on the stable political environment. PEST ANALYSIS The PEST analysis is a useful tool for understanding market growth or decline and as such the position potential and direction for a business. Here's the pestle analysis of UK as follows; Political factors impacting the UK Government System Developing strategies that can capitalize on Chocolate Hawkins strengths and help mitigate weaknesses and impact of threats of macro-environment. Hersheys also adopted technology to move people further down the grocery aisle. - Consumer Protection Laws Chocolate Hawkins needs to know what are the consumer laws, what is the rate of enforcement, what is the attitude of authorities towards consumer protection laws, and what is the role activist groups in enforcement of consumer protection laws. - Cost of Production and Trends Chocolate Hawkins should assess - What are the cost of production trends in the economy and level of automatization. - Unrest within the Country & Chances of Civil Unrest We dont think that Chocolate Gourmet business operations are facing any dangers from any kind of civil unrest or internal militant operations in the country. But while chocolate and other products sold by the company are socially acceptable worldwide, Cadbury has been on the receiving end of controversies, the recent one involving Cadbury products being Halal Certified to cater to Muslim markets around the world. PESTLE (sometimes PEST) is a framework for analyzing the external macro environment of a business or industry, usually specific to a particular country. The political factors play a huge role in not only investment decision by transnational corporations but also by companies such as Chocolate Hawkins. - Nature of Social Contract between Government & Society Before entering into a market Chocolate Hawkins needs to understand the nature of social contract between government and society. This analysis helps businesses to make informed decisions and take advantage of opportunities while mitigating potential risks. PESTLE The SWOT analysis for Lindt & Sprngli is presented below in a table followed by the detailed analysis report. Hersheys has dedicated commitments in social responsibility. Chapters Research Methodology Study of Global Market Study of Indian Market Product Profile Demand Determination of Chocolate Industry Distribution channel in chocolate industry Key issues & current trends PEST analysis Michel Porter's Five Force Model Other Portfolio Model Financial Analysis Opportunity . Feel free to connect with us if you need business research. INDUSTRY ANALYSIS PESTEL Analysis Economic Factors The Philippine economy is progressively increasing according to the World Bank Org. Analyze Strengths and Weaknesses of Chocolate Hawkins. U.S. retail chocolate sales were forecast to grow to $14.5 billion in 2007. The PESTLE analysis was conducted in order to find out the opportunity of chocolate confectionery in the UK. Trip Hawkins founded Digital Chocolate in Silicon Valley in 2003 to develop outstanding games for mobile devices. Product Positioning 15. - Influence of Climate Change How climate change will impact Chocolate Hawkins business model and supply chain. Lindt PESTLE Analysis examines the various external factors like political, economic, social, technological (PEST) which impacts its business along with legal & environmental factors. Report Overview The global chocolate market size was estimated at USD 113.16 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.7% from 2022 to 2030. Amul 9. Nestle 10. - Attitude towards Health & Safety The attitude towards health and safety is often reflected in the quality of the products and cost structures of manufacturing processes. Major Players 8. Free Summary Report This report contains the table contents only. For example Uber employment system is not consistent with French laws and it is facing challenges in the country. All of this is rudimentary and basic, but playing the blame game doesnt leave a savory taste in consumers mouths. The alcoholic beverage segment accounted for the largest share of the market in 2020, with beer being the most consumed alcoholic beverage worldwide. It would focus on the macro-environmental factors that impact her growth and productivity. - Mobile Phone & Internet Penetration Chocolate Gourmet should assess the level of internet and mobile phone penetration in the country as it will it in building a requisite business model based on local needs and realities. Your email address will not be published. In one respect, Cadbury was born as a result of social factors. The gourmet category was expected to grow as consumers incorporated more expensive gourmet foods into their diets, a trend beginning with the beer, wine, coffee, cheese, and ice cream industries. PESTLE analysis of chocolate industry in JAPAN. - Cost of Production and Trends Chocolate Gourmet should assess - What are the cost of production trends in the economy and level of automatization. - Time Taken for Court Proceedings Even if the country has best of the laws, it doesnt mean much if they cant be enforced in a timely manner. - Types of Immigration & Attitude towards Immigrants Given the latest developments such as Brexit and Immigrant detention on Southern border of United States. (Child Labor and Slavery in the Chocolate Industry, 2014). -Kew raw materials are sourced from local suppliers. Available to download is a free sample file of the Chocolate Market report PDF. By last estimates, the 8 Cadbury factories in the UK had employed 3,000 workers. The market size for Switzerland Chocolate in 2021 was estimated at around USD 1.63 Bn. In doing so, theyre committed to being more transparent about the ingredients. Economic factors of a country and region have a direct impact on the potential attractiveness of a given market. A Comprehensive Project report on Chocolate Industry Bhavik Parmar Follow Co-Founder And MD at KadiBuddy Advertisement Advertisement Recommended Final report on chaco Shailesh Kumar 3.7k views 66 slides Chocolate industry project report hasnain2 6.2k views 74 slides Chocolates & confectionery Varun Deshpande 18.6k views 29 slides GDP of Afghanistan in 2019 was 19,101 billion $. The Brazilian chocolate market is projected to witness a CAGR of 4.12% during the forecast period 2022-2027. Note on the U.S. Chocolate Market case study PESTEL analysis includes macro environment factors that impact the overall business environment Political, Economic, Social, Technological, Environmental, and Legal factors. Chocolate Gourmet should have capabilities to navigate under this hyper sensitive environment. The Industrial Organization (I/O) approach advocates that for sustainable competitive advantage external factors are as important as internal factors of the Chocolate Gourmet. KitKat PESTLE Analysis examines the various external factors like political, economic, social, technological (PEST) which impacts its business along with legal & environmental factors. In-depth industry statistics and market share insights of the Chocolate Market sector for 2020, 2021, and 2022. In Asia authority is respected while in west it is something to rebel against. - Intellectual Property Rights and Patents Protection Before entering new market Chocolate Hawkins should focus on the environment for intellectual property rights. Definition of PESTEL / PEST / STEP Analysis. The PESTLE Analysis highlights the different extrinsic scenarios which impact the business of the brand. Environmental regulations, such as those related to waste disposal and sustainable sourcing of cocoa and other ingredients. - Likelihood of Entering into an Armed Conflict From the information in the Note on the U.S. Chocolate Market case study, I dont think there is a likelihood of country entering into an armed conflict with a neighboring country. 2. Some of the political factors are governance system, democracy & institutions, military coup chances, probability of armed conflict, law and order in market etc. Kurien, the cooperative society makes milk and various milk products like curd, cheese, milk powder, cheese spread and chocolate amongst others. - Attitude towards Authority Various cultures in different part of the world have different attitude towards authority. Chocolate Gourmet should be aware of presence of such practices in a country. For example as the population of USA and EU is growing old the demand for products mostly catering to this segment will grow. According to Michael Porter organizational performance is to large extend determined by various industry forces. If youve ever enjoyed the classic Hersheys, Kit Kat, or Reeses Peanut Butter Cups, then youve been a consumer of the Hersheys Company. 5. Political environment and other factors not only impact the cost of doing business but also long term sustainability. The PEST analysis looks at four types of external environmental elements: P -Political factors in an economy include various forms of government intervention and political lobbying, such as . South Africa PESTLE Analysis & Macroeconomic Trends Market Research Report. PESTLE analysis. PESTLE ANALYSIS TECHNOLOGICAL ANALYSIS The Goya chocolate has a global supply chain. Political Factors: " These factors determine the extent to which government and government policies can affect an organisation or a particular industry. We at EMBA Pro believe that in near future the sector most disrupted by technological innovation is manufacturing and production. - Immigration Policies and Level of Immigration What are the immigration policies of the country, what is the level of immigration, and in which sectors immigration is encouraged. Then with the blame game where everything was the culprit for poor sales in 2015. For example it has been extremely difficult for US companies to enter UK health market as UK health system is a nationalized system and everything goes through contracts at national level. Published by HBR Publications. PESTEL analysis is critical to understand the external threats & opportunities arising because of the macro environment developments. You can download Excel Template of PESTEL / PEST / STEP Analysis & Solution of Digital Chocolate, Copyright Executive MBA Pro Resources 2022, BCG Matrix / Growth Share Matrix Analysis, Case Study Solution & Analysis of Digital Chocolate, 5C Marketing Analysis of Digital Chocolate, 4P Marketing Analysis of Digital Chocolate, Porter Five Forces Analysis and Solution of Digital Chocolate, Porter Value Chain Analysis and Solution of Digital Chocolate, Case Memo & Recommendation Memo of Digital Chocolate, Blue Ocean Analysis and Solution of Digital Chocolate, Marketing Strategy and Analysis Digital Chocolate, VRIO /VRIN Analysis & Solution of Digital Chocolate, PESTEL / STEP / PEST Analysis of Digital Chocolate, Case Study Solution of Digital Chocolate, SWOT Analysis and Solution of Digital Chocolate, USA TODAY: Pursuing the Network Strategy (B) PESTEL / PEST / STEP Analysis & Solution, Washington Post (B) PESTEL / PEST / STEP Analysis & Solution, Keeping Google "Googley" (Abridged) PESTEL / PEST / STEP Analysis & Solution, Unisys: The Merger of Burroughs and Sperry PESTEL / PEST / STEP Analysis & Solution, Telegraph Media Group: The Newspaper Is Dead, Long Live the (E), Change - A Work in Progress PESTEL / PEST / STEP Analysis & Solution, Wikipedia in the Spotlight PESTEL / PEST / STEP Analysis & Solution, Walt Disney's Dennis Hightower: Weaving Together the European Operations PESTEL / PEST / STEP Analysis & Solution, Warner Cable (B) PESTEL / PEST / STEP Analysis & Solution, Man Jit Singh at Sony Entertainment Television (A) PESTEL / PEST / STEP Analysis & Solution, Cisco Systems: Developing a Human Capital Strategy (A) PESTEL / PEST / STEP Analysis & Solution, Organizational Development / MBA Resources. -Environmental policy is very important to Lindt and Sprngli. Strategy planning process often requires five steps PESTEL analysis is a widely used strategic planning and management tool. The PEST Analysis is quite similar to that of the SWOT analysis (Srdjevic et al. Indeed, retail sales of chocolate in the United States had experienced a steady increase in recent years. - Transition of Government and Changes in Policy There is consistency in policy making from one government to another. - Intellectual Property Rights Protection Chocolate Gourmet should assess the level of protection that intellectual property rights get under the legal system of the country. Perhaps it was also the consumers, who (according to Hershey) werent going to stores. - E-Commerce & Related Infrastructure Development As E-Commerce is critical for Chocolate Hawkins business model. He introduced the framework back in 1964 in his book " Scanning the Business Environment ". It is also imperative to use technology to create competitive advantage in the industry. Due to favourable political factors, Amul company achieved a growth of 11.35% in its operating units in Kolkata, Pune and Mumbai. - Corporate Social Responsibilities Culture Are Chocolate Gourmet present CSR efforts applicable in the new market or does it needs to have new initiative to cater to the prospective market. For example it has been extremely difficult for US companies to enter UK health market as UK health system is a nationalized system and everything goes through contracts at national level. It has decimated the culture of savings as people dont have enough to save. Cultural norms: Chocolate is often associated with indulgence and gift-giving in UK culture, which may impact consumption patterns and marketing strategies. According to Jose Lopez, Nestle's Vice . Changes in macro environment forces can impact the Porter Five Forces & industry attractiveness. Developing strategies that can capitalize on Chocolate Gourmet strengths and help mitigate weaknesses and impact of threats of macro-environment. 3. Food safety and labeling regulations, such as those related to allergen labeling, nutritional information, and ingredient labeling. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of The Hershey Company. E - Economic. This PEST analysis of the Hershey Company examines these issues, as well as their relationship with consumers and the use of cutting-edge technology. Although it took up aisle space, if it leads to creates even one sale, its worth the price to retailers and Hersheys. Chocolate Gourmet can make strategies based on the stable political environment. PESTEL analysis is mainly the assessment of macro environment factors. Of course, the format of the presentation barred us from discussing how the acquisition of Kraft Foods will affect company performance in the future. The government of each party has adhered to the treaties done by previous governments, so there is a consistency in both rule of law and regulations. This can help Chocolate Hawkins in numerous decisions such as plant location, product development, and pricing strategy. Conducting a PESTLE analysis of the confectionery industry can help businesses operating in this sector to identify potential opportunities and threats, and to develop strategies to mitigate risks and capitalize on opportunities. In PESTEL analysis, you develop a detailed description of a company's macro-environment in terms of political, economic, socio-cultural, technological, environmental and legal factors as well as their effects. Political environment and other factors not only impact the cost of doing business but also long term sustainability. It requires less temperature and energy to produce (unlike non-raw chocolate), and thatll also bring a smile to the faces of eco-friendly consumers. Brexit: The UKs departure from the European Union may have an impact on the chocolate industry, such as changes in trade agreements and regulations. Skip to main content Other CIPD Websites CIPD UK CIPD Middle East CIPD Ireland People Profession CIPD Learning Hub People ManagementPM jobs Log in / Register Go to the home page By 2008, the company had expanded its operations into four countries and Digital Chocolate was one of the top developers of soloplayer games for standard mobile phones and iPhones. Net sales ($1,751.6 million) were an increase of 5.3 percent. Sales were down only slightly, and the CEO John Bilbrey, as well as CFO Patricia Little, blamed everything for it. They also have the Nourishing Minds program, designed to provide children with basic nutritional needs. - Gender Composition in Labor Market Chocolate Hawkins can use gender composition of labor market to understand the level of liberal nature of the society, women rights, and womens say in matter of societal issues and consumption decisions. What is PESTLE Analysis. If the legal system is not strong then Chocolate Gourmet can face numerous challenges from consumer petitions to shakedowns from authorities. As such, theyre looking to bring more good into the world by building thriving communities and becoming better stewards of the planet. The full-year net sales increased by 1 percent, even though the four-quarter net sales dropped by 1.6 percent. - Intellectual Property Rights and Patents Protection Before entering new market Chocolate Gourmet should focus on the environment for intellectual property rights. - Employment Laws What are the employment laws in the country and are they consistent with the business model of Chocolate Hawkins. Opening shop in the early 19thcentury, Cadbury has emerged as a global brand with factories and offices the United Kingdom and North America, and a notable presence in Asia and Africa as well. - Regulatory Practices - The regulatory practices are streamlined with global norms which have helped the country to improve its ease of doing business ranking. SWOT analysis of Amul Chocolates. Secondly governments from all parties adhere to the treaties made by the previous governments. The following is a PEST analysis of Cadbury which also will help to shed light on various external factors that affect the chocolate industry. In this section, we present a brief analysis of each element in relation to the . Temperature greatly affects the condition of the licorice; too much heat makes it heavy, while too much cold makes the candy lighter. operates in a complex and dynamic environment characterized by regulatory changes, growing environmental activism . With so many chocolate options and new additions for 2018, Mr. Buck seemed confident in the variety they offered, as well as the new marketing campaigns launched for the products. The implication for Chocolate Hawkins is that it can boost sales of its product in short run but also expose Chocolate Hawkins to medium term forex and currency depreciation risks. Out of which, her per capita income was 50,844 US dollars and it's 10th highest in the world. Dec 31, 2014 by PESTLEanalysis Contributor Cadbury is synonymous with chocolate consumption worldwide. Our Twitter PESTLE analysis highlights the external factors, like political, economic, social, and technological ones, Cybersecurity is an increasingly important field of work. - Employment Rate If the employment rate is high then it will impact Chocolate Gourmet strategies in two ways it will provide enough customers for Chocolate Gourmet products, and secondly it will make it expensive for Chocolate Gourmet to hire talented & skillful employees. Technology is fast disrupting business models across various industries. Learn how to, Our Mayo Clinic SWOT Analysis examines the Strengths, Weaknesses, Opportunities and Threats of one of, Technology is now taking over, and almost all fields are turning most tasks into digital., Copyright 2020 Weberience LLC. Chocolate Gourmet can leverage such a situation to hire the best people in business. In highly hierarchical societies the power of decision making often reside at the top. We will make special emphasis on Cadbury UK, as this is where the company originally began. A SWOT analysis is a tool used to evaluate the strengths, weaknesses, opportunities, and threats of a business or product. - Judiciary Independence In the matter of commercial and business decisions, judiciary of the country is independent to a large extent. The first step in conducting a PESTEL analysis is to gain an understanding of the brand. MBA Skool InstallCourses Home Courses Concepts SWOT The total retail value of the U.S. market for chocolate was estimated at $13.7 billion in 2002, a 10.2% increase from 1998. - Attitude towards Leisure Chocolate Hawkins should conduct an ethnographic research to understand both attitude towards leisure activities and choice of leisure activities. The Hersheys Company is the largest chocolate manufacturer in North America and yet theyve hit major setbacks both politically and economically. - Per Capita and National Carbon Emission What is the per capita carbon emission of the country and what is the overall level of carbon emissions of the country. Linda A. Hill, Alison Berkley Wagonfeld (2018), "Digital Chocolate Harvard Business Review Case Study. Chocolate harvested from cocoa trees is susceptible to pests, diseases, and pesticide use. - Inflation Rate The inflation rate can impact the demand of Chocolate Hawkins products. For example most of EU countries now want the EU citizen data to be saved in EU countries only. The Industrial Organization (I/O) approach advocates that for sustainable competitive advantage external factors are as important as internal factors of the Chocolate Hawkins. The Hersheys Company hasnt adopted this approach just yet, likely because it would increase costs. Amul Chocolates also .
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