Caramel chocolate is made by covering caramel and nougat in milk chocolate along with a number of other ingredients such as nuts, fruits and white chocolate. Caramel chocolate represents one of the widely-consumed chocolates worldwide. According to IMARC Group’s latest report, titled “Caramel Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global caramel chocolate market reached a value of US$ 4.2 Billion in 2018, growing at a CAGR of nearly 8% during 2011-2018.
The demand for caramel chocolate has been growing as a result of various factors. On account of increasing disposable incomes and changing lifestyle, there has been an augmented demand for premium products. Nowadays, consumers are willing to pay higher for products which offer better quality and flavour. Another major trend is the rising health consciousness among consumers which has led to an increase in the demand for caramel chocolates containing lesser amounts of fat and sugar. In view of this, manufacturers are offering healthier options in smaller portion-size to consumers who want to monitor their calorie intake. Owing to these factors, the market is further expected to reach a value of US$ 6.1 Billion by 2024.
The report has analysed the global caramel chocolate market on the basis of distribution channels, covering super- and hyper-markets, convenience stores, non-grocery retailers and others. The report has further segmented the market on the basis of region covering Western Europe, North America, Eastern Europe, Asia, Latin America, Middle East and Africa, and Australasia. Currently, Western Europe represents the largest market for caramel chocolate, accounting for the majority of the market share.
This report provides a deep insight into the global caramel chocolate market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a caramel chocolate manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, consultants, and all those who have any kind of stake or are planning to foray into the caramel chocolate industry in any manner.
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