Crunchy Chocolate Market Overview, Trends, Growth, Top Companies and Report 2022-2027

According to the latest report by IMARC Group, titled “Crunchy Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global crunchy chocolate market reached a value of 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.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global Crunchy Chocolate Market Drivers/Constraints:

  • 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.

Distribution Channel Insights:

On the basis of distribution channel, the market has been segmented into supermarkets and hypermarkets, convenience stores, non-grocery retailers and others. Currently, supermarkets and hypermarkets dominate the market, holding majority of the market share.

Regional Insights:

On a geographical front, Western Europe represents the leading market, accounting for the largest market share. Other major regions include North America, Eastern Europe, Asia, Latin America, Middle East and Africa, and Australasia.

Competitive Landscape:

The market is characterised with the presence of several small and large manufacturers who compete in terms of prices and quality. Some of the leading players operative in the market are:

  • Mars Inc
  • Mondelez International Inc
  • Nestle SA
  • Ferrero Group
  • Hershey Foods Corp
  • Grupo Arcor

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/crunchy-chocolate-market

Key Highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • 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.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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IMARC Group
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