MBA Skool InstallCourses Home Courses Concepts SWOT In this essay, we will conduct a PESTEL analysis of the chocolate industry in the UK to identify the key external factors that could affect its future prospects. But on the flip side it does increases both time and cost of doing business and getting certifications and clearances. Liqueur Chocolate Market Size New Insights [2023-2027] | Share Analysis It can enable Chocolate Hawkins to hire skilled workforce at competitive salaries. A PESTEL analysis is used as a strategic tool to measure industry dynamics through recognition of the core political, economic, social, technological, legal and environmental forces/changes having influence on the industry (Henry, 2007, p.23). 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. - Transparency & Digital Drive Chocolate Hawkins can use digitalization of various processes to overcome corruption in the local economy. - Types of Immigration & Attitude towards Immigrants Given the latest developments such as Brexit and Immigrant detention on Southern border of United States. The PESTLE analysis was conducted in order to find out the opportunity of chocolate confectionery in the UK. PESTEL analysis for the chocolate confectionery industry in Italy shows that there are 4 major factors impacting the overall market environment. 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. - Government Spending As mentioned in the political factors, government of the country is running deficit budgets. It should evaluate the e-commerce infrastructure, technology infrastructure etc before entering a new market.

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