Crunchy Chocolate Market Size, Trends and Forecast to 2027
According to IMARC Group’s latest report, titled “Crunchy Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, offers a comprehensive analysis of the industry, which comprises insights on the crunchy chocolate market share.
The global crunchy chocolate market size reached US$ 3.08 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.87 Billion by 2027, exhibiting at a CAGR of 3.8% during 2022-2027. Crunchy chocolate, also known as wafer chocolate, refers to crispy wafers coated with a chocolate layer. It is prepared from a wide variety of ingredients including cocoa butter, sugar, wafer, skimmed milk powder, emulsifier, coconut oil, and flavourings. Nowadays, manufacturers are introducing many product variants of crunchy chocolates which are not only delicious but also cater to the needs and demands of a health-conscious consumer-base.
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Crunchy Chocolate Market Trends:
The rising popularity of crunchy chocolate has resulted in product premiumization and manufacturing of vegan gluten-free, organic and energy bars with added nuts, dried fruits and cereals. This, in turn, has propelled the growth of the market. As the chunks and crumbs of crunchy chocolate are used in the preparation of beverages, such as smoothies, coffee or in chocolate sandwiches, the demand for crunchy chocolate is projected to escalate in the upcoming years. Some of the other factors contributing to the market growth across the globe are expanding distribution channels, flourishing food and beverage industry and rising disposable incomes of the consumers. the major factor hindering the crunchy chocolate market is the presence of high saturated fats and sugar content which can lead to numerous health problems, such as obesity, tooth decay, etc.
Crunchy Chocolate Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the crunchy chocolate market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Mars Inc
Mondelez International Inc
Nestle SA
Ferrero Group
Hershey Foods Corp
Grupo Arcor
Key Market Segmentation:
The report has segmented the global crunchy chocolate market on the basis of distribution channel and region.
Breakup by Distribution Channel
Supermarkets and Hypermarkets Convenience Stores Non-Grocery Retailers Others
Breakup by Region:
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
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Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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