PESTEL Analysis of the Industry

Changing Government Regulations as the brands have to comply with the local rules of each country where it has its setup

Impact of BREXIT for the availability of Skilled Workforce

Imposition of Taxes impact the investment decisions

Foreign Exchange Rate

Fluctuations in the prices of cocoa, sugar and other ingredients affects the cost of production

Changes in consumer preferences and taste affects the industry's profitability

With health issues on the rise it may impact the sales Demographics also play a major role, as countries with aging population wont consume in lot

The Cultural norms in various countries affects the sales

Chocolate Manufacturers are adopting Automation Technology to streamline their process

Advanced Machinery are being used to improve the quality and consistency

Consumers are concern about the environmental impact of chocolate production wrt deforestation, packing materials used, waste generation during manufacturing process

Intellectual property laws related to patenting a unique chocolate

Trade Policies related to tariffs and quotas on imported ingredients or finished products