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UK Shoppers Opt for Cheaper Chocolate Gifts
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Chocolate Market Growth & Trends
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Chocolate Market Trends 2024+
Chocolate Market Trends: 2024 Outlook
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UK shoppers are turning to cheaper confectionery options for holiday gifts, leading to higher sales for Nestle and Mondelez. The global chocolate market is projected to reach $123.5 billion during the holiday season. However, retailers face tougher trading conditions due to soaring cocoa costs, despite chocolate remaining a resilient discretionary purchase.
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How might the shift towards cheaper confectionery gifts impact the overall retail market and consumer spending patterns?
In what ways could the increased demand for confectionery gifts influence the global chocolate market and its economic implications?
What strategies could Nestle and Mondelez employ to capitalize on the trend towards cheaper gifts in the confectionery market?
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