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 2020-2025”, the global caramel chocolate market reached a value of US$ 4.5 Billion in 2019, growing at a CAGR of 7.7% during 2014-2019.
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. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2020-2025.
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.
Key Questions Answered in This Report:
The global caramel chocolate market was worth around US$ 4.5 Billion in 2019.
Sudden outbreak of the COVID-19 pandemic has led to the implementation of stringent lockdown regulations across several nations resulting in disrupted supply chains and temporary closure of numerous manufacturing units for caramel chocolate.
According to the estimates by IMARC Group, the global caramel chocolate market will exhibit moderate growth during the next five years.
The rising consumption of salted caramel chocolate products, such as cookies, cupcakes, martinis, pumpkin pies, coffee drinks, truffle ice creams, nut protein bars, etc., represents one of the key drivers for the global caramel chocolate market.
The increasing consumer health consciousness has led to the emergence of healthier chocolate variants with lesser calories and various nutritional ingredients, which represents one of the key trends in the global caramel chocolate market.
On the basis of the distribution channel, the market has been classified into supermarkets and hypermarkets, convenience stores, non-grocery retailers, and others. Amongst these, supermarkets and hypermarkets hold the largest market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe dominates the global market.
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