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Wedel Price Increase & Rising Sales – Chocolate Market Update

by Victoria Sterling -Business Editor

Here’s a breakdown of‍ the⁤ information from the text, answering your ⁢implied⁢ questions and summarizing key points:

1.​ Bird ‍Mleczko® Weight Changes:

* ​ Recent Change: In ⁤2023, Bird Mleczko® weight⁢ was reduced from 360g to 340g.
* ⁣ Future Changes: The company is not currently⁤ planning further weight changes.
* ⁤ Reason for 2023 Change: Rising costs of all ‍key​ ingredients (cocoa,milk,butter,sugar) and packaging forced a ⁣decision.They chose to slightly ⁤reduce weight rather than significantly increase the price, while maintaining the taste⁤ and‍ number of foams per package.

2. Unusual⁣ Flavors (Pear & Mirabelle Chocolate):

* ⁤ Purpose: ‍Unusual flavors are introduced‍ to create a sense of pleasure,‌ surprise, and revelation for consumers.
* Generational Differences: Younger consumers are more ⁢open to trying new flavors, while older consumers tend to‍ stick with classic options. The market is⁤ roughly split 50/50 between those preferring proven flavors⁤ and those seeking innovation.
* ‌ Strategy: ‍ New, often seasonal, flavors are⁣ vital for maintaining consumer interest and encouraging repeat purchases. Products rotate frequently (3-4 ​months) to keep⁣ things fresh.

3. “Dubai Chocolate” Trend:

* Wedel’s Response: Wedel chose not ⁢ to participate in the “Dubai chocolate” trend.
*⁤ Reasoning: ​They believe chasing every trend⁤ is unsustainable and doesn’t align with their ⁤strategy. They ‌prefer to focus on ⁤their own⁢ innovations based on market knowledge⁢ and consumer preferences.
* ​ Examples⁣ of Wedel’s Innovations: Carmella stuffed chocolate ⁤and milk chocolate plates with apple-wieś and apple-chain flavors (in collaboration with Tymbark).

4. Declining ⁢Chocolate Consumption:

* Decline: Chocolate consumption in Poland decreased by about 5% last year.
* ⁤ Company Outlook: This is considered a small correction and ​not⁢ a major crisis.
* ⁤ Reasons for Decline:

* ​ Cocoa​ prices: Climate change is impacting⁤ cocoa cultivation in Africa, driving⁢ up raw material costs.
‌ * New Sources: Cocoa plantations in Central/South America ‍and Indonesia are becoming ⁤more ⁣important, offering ⁢an alternative (though with⁤ a slightly different taste).
* Industry Response: The industry is innovating⁤ with ‌new recipes to address ⁤cost challenges.

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