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Caramel Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global caramel chocolate market size reached US$ 5.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.73% during 2023-2028.

Caramel chocolate is a confectionery product made by covering caramel and nougat in milk chocolate. It consists of several ingredients such as nuts, fruits, and white or milk chocolate. Caramel chocolate is available in sweet, nutty, buttery, and bitter flavors, which provides more depth and reduces the overall sweetness of the chocolate. Caramel chocolate is commonly used as a flavoring agent and sauce in desserts like cakes, cupcakes, doughnuts, ice cream, custard, and chocolate candies. It is also added in martinis, pumpkin peas, coffee drinks, truffle ice-creams, and protein bars. In recent years, caramel chocolate has gained popularity as one of the most widely consumed chocolates across the globe.

Caramel Chocolate Market Trends:

The market is driven by the increasing consumption of flavored candy and confectionery items, especially among the younger population. In addition, consumers nowadays are willing to pay for premium products that have better quality and flavor, which is fueling the market growth. Besides this, the attractive packaging of caramel chocolate-based desserts and candies are also supplementing the market. Along with this, rapid urbanization and inflating disposable income levels are changing the dietary preferences of consumers, which has escalated the demand for caramel chocolates. Moreover, the rising trend of health consciousness has resulted in the increasing demand for caramel chocolate that contains reduced amounts of fat and artificial sugar. Due to this, key manufacturers are introducing healthier options and smaller portion-size for individuals who focus on portion control and low-calorie intake. Furthermore, the growing demand for organic chocolates made from naturally flavored products is also significantly influencing the demand for caramel chocolate across the globe.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global caramel chocolate market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on distribution channel.

Breakup by Distribution Channel:

  • Supermarkets and hypermarkets
  • Convenience stores
  • Non-grocery retailers
  • Others


Among these, supermarkets and hypermarkets account for the majority of the global market as they offer different product varieties and brands of caramel chocolate.

Regional Insights:

  • North America
  • Western Europe
  • Eastern Europe
  • Asia
  • Latin America
  • Australasia
  • Middle East and Africa


On a geographical front, Western Europe holds the leading position in the market on account of its high demand in the region. Other major regions include North America, Eastern Europe, Asia, Latin America, Australasia, and Middle East and Africa.

Competitive Landscape:

The competitive landscape of the market has been examined in the report, with the detailed profiles of some of the key players operative in the industry.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion, Million Tons
Segment Coverage Distribution Channel, Region
Region Covered North America, Western Europe, Eastern Europe, Asia, Latin America, Australasia, Middle East and Africa
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Chocolate Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Market Breakup by Region
    5.4    Market Breakup by Product
    5.5    Market Breakup by Packaging
    5.6    Market Breakup by End-Use
    5.7    Market Share of Key Players
    5.8    Market Forecast
6   Global Caramel Chocolate Industry
    6.1    Market Overview
    6.2    Market Performance
        6.2.1    Volume Trends
        6.2.2    Value Trends
    6.3    Impact of COVID-19
    6.4    Price Analysis
        6.4.1    Key Price Indicators
        6.4.2    Price Structure
        6.4.3    Price Trends
    6.5    Market by Region
    6.6    Market by Distribution Channel
    6.7    Market Forecast
    6.8    SWOT Analysis
        6.8.1    Overview
        6.8.2    Strengths
        6.8.3    Weaknesses
        6.8.4    Opportunities
        6.8.5    Threats
    6.9    Value Chain Analysis
        6.9.1    Overview
        6.9.2    Cocoa Growers
        6.9.3    Cocoa Grinders
        6.9.4    Coverture/Industrial Chocolate Manufacturers
        6.9.5    End Use Industries
        6.9.6    Chocolate Manufacturers
        6.9.7    Distributors
        6.9.8    Exporters
        6.9.9    Retailers
    6.10    Porters Five Forces Analysis
        6.10.1    Overview
        6.10.2    Bargaining Power of Buyers
        6.10.3    Bargaining Power of Suppliers
        6.10.4    Degree of Rivalry
        6.10.5    Threat of New Entrants
        6.10.6    Threat of Substitutes
    6.11    Key Success and Risk Factors
7   Performance of Key Regions
    7.1    Western Europe
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    North America
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Eastern Europe
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Asia
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Latin America
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Middle East and Africa
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    Australasia
        7.7.1 Market Trends
        7.7.2 Market Forecast
8   Performance by Distribution Channel
    8.1    Supermarkets and Hypermarkets
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Convenience Stores
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Non-Grocery Retailers
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Competitive Landscape
10  Caramel Chocolate Manufacturing Process

    10.1    Product Overview
    10.2    Detailed Process Flow
    10.3    Various Types of Unit Operations Involved
    10.4    Mass Balance and Raw Material Requirements
11  Project Details, Requirements and Costs Involved
    11.1    Land, Location and Site Development
    11.2    Construction Requirements and Expenditures
    11.3    Plant Machinery
    11.4    Machinery Pictures
    11.5    Raw Materials Requirements and Expenditures
    11.6    Raw Material and Final Product Pictures
    11.7    Packaging Requirements and Expenditures
    11.8    Transportation Requirements and Expenditures
    11.9    Utilities Requirements and Expenditures
    11.10    Manpower Requirements and Expenditures
    11.11    Other Capital Investments
12  Caramel Chocolate Manufacturing Plant: Loans and Financial Assistance
13  Caramel Chocolate Manufacturing Plant: Project Economics

    13.1    Capital Cost of the Project
    13.2    Techno-Economic Parameters
    13.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    13.4    Taxation and Depreciation
    13.5    Income Projections
    13.6    Expenditure Projections
    13.7    Financial Analysis
    13.8    Profit Analysis
14  Key Player Profiles

List of Figures

Figure 1: Global: Caramel Chocolate Market: Major Drivers and Challenges
Figure 2: Global: Chocolate Market: Sales Volume (in Million Tons), 2017-2022
Figure 3: Global: Chocolate Market: Sales Value (in Billion US$), 2017-2022
Figure 4: Global: Chocolate Market: Breakup by Region (in %), 2022
Figure 5: Global: Chocolate Market: Breakup by Product (in %), 2022
Figure 6: Global: Chocolate Market: Breakup by Packaging (in %), 2022
Figure 7: Global: Chocolate Market: Breakup by End-Use (in %), 2022
Figure 8: Global: Chocolate Market: Share of Key Players (in %), 2022
Figure 9: Global: Chocolate Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 10: Global: Chocolate Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 11: Global: Caramel Chocolate Market: Sales Volume (in Million Tons), 2017-2022
Figure 12: Global: Caramel Chocolate Market: Sales Value (in Billion US$), 2017-2022
Figure 13: Caramel Chocolate Market: Price Structure
Figure 14: Global: Caramel Chocolate Market: Average Prices (in US$/Ton), 2017-2022
Figure 15: Global: Caramel Chocolate Market Forecast: Average Prices (in US$/Ton), 2023-2028
Figure 16: Global: Caramel Chocolate Market: Breakup by Region (in %), 2022 
Figure 17: Global: Caramel Chocolate Market: Breakup by Distribution Channel (in %), 2022
Figure 18: Global: Caramel Chocolate Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 19: Global: Caramel Chocolate Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 20: Global: Caramel Chocolate Industry: SWOT Analysis
Figure 21: Global: Caramel Chocolate Industry: Value Chain Analysis
Figure 22: Global: Caramel Chocolate Industry: Porter’s Five Forces Analysis
Figure 23: Global: Caramel Chocolate Market Forecast: Breakup by Region (in %), 2028
Figure 24: Western Europe: Caramel Chocolate Market: Sales Volume (in Tons), 2017 & 2022
Figure 25: Western Europe: Caramel Chocolate Market Forecast: Sales Volume (in Tons), 2023-2028
Figure 26: North America: Caramel Chocolate Market: Sales Volume (in Tons), 2017 & 2022
Figure 27: North America: Caramel Chocolate Market Forecast: Sales Volume (in Tons), 2023-2028
Figure 28: Eastern Europe: Caramel Chocolate Market: Sales Volume (in Tons), 2017 & 2022
Figure 29: Eastern Europe: Caramel Chocolate Market Forecast: Sales Volume (in Tons), 2023-2028
Figure 30: Asia: Caramel Chocolate Market: Sales Volume (in Tons), 2017 & 2022
Figure 31: Asia: Caramel Chocolate Market Forecast: Sales Volume (in Tons), 2023-2028
Figure 32: Latin America: Caramel Chocolate Market: Sales Volume (in Tons), 2017 & 2022
Figure 33: Latin America: Caramel Chocolate Market Forecast: Sales Volume (in Tons), 2023-2028
Figure 34: Middle East and Africa: Caramel Chocolate Market: Sales Volume (in Tons), 2017 & 2022
Figure 35: Middle East and Africa: Caramel Chocolate Market Forecast: Sales Volume (in Tons), 2023-2028
Figure 36: Australasia: Caramel Chocolate Market: Sales Volume (in Tons), 2017 & 2022
Figure 37: Australasia: Caramel Chocolate Market Forecast: Sales Volume (in Tons), 2023-2028
Figure 38: Global: Caramel Chocolate Market: Sales through Supermarkets and Hypermarkets (in Tons), 2017 & 2022
Figure 39: Global: Caramel Chocolate Market Forecast: Sales through Supermarkets and Hypermarkets (in Tons), 2023-2028
Figure 40: Global: Caramel Chocolate Market: Sales through Convenience Stores (in Tons), 2017 & 2022
Figure 41: Global: Caramel Chocolate Market Forecast: Sales through Convenience Stores (in Tons), 2023-2028
Figure 42: Global: Caramel Chocolate Market: Sales through Non-Grocery Retailers (in Tons), 2017 & 2022
Figure 43: Global: Caramel Chocolate Market Forecast: Sales through Non-Grocery Retailers (in Tons), 2023-2028
Figure 44: Global: Caramel Chocolate Market: Sales through Other Distribution Channels (in Tons), 2017 & 2022
Figure 45: Global: Caramel Chocolate Market Forecast: Sales through Other Distribution Channels (in Tons), 2023-2028
Figure 46: Caramel Chocolate Manufacturing: Detailed Process Flow
Figure 47: Caramel Chocolate Manufacturing: Conversion Rate of Feedstocks
Figure 48: Caramel Chocolate Manufacturing: Breakup of Capital Costs (in %)
Figure 49: Caramel Chocolate Production: Manufacturing Cost Breakup (in %)
Figure 50: Caramel Chocolate Manufacturing Plant: Margins Across Various Stages of the Supply Chain

List of Tables

Table 1: Global: Chocolate Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Caramel Chocolate Market: Key Industry Highlights, 2022 and 2028
Table 3: Global: Caramel Chocolate Market Forecast: Breakup by Region (in Tons), 2023-2028
Table 4: Global: Caramel Chocolate Market Forecast: Breakup by Distribution Channel (in Tons), 2023-2028
Table 5: Global: Caramel Chocolate Market: Competitive Structure
Table 6: Caramel Chocolate Manufacturing Plant: Raw Material Requirements (in Tons/Day) 
Table 7: Caramel Chocolate Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 8: Caramel Chocolate Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 9: Caramel Chocolate Manufacturing Plant: Machinery Costs (in US$)
Table 10: Caramel Chocolate Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (US$/Ton)
Table 11: Caramel Chocolate Manufacturing Plant: Costs Related to Utilities (in US$)
Table 12: Caramel Chocolate Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 13: Caramel Chocolate Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 14: Caramel Chocolate Manufacturing Plant: Capital Costs (in US$)
Table 15: Caramel Chocolate Manufacturing Plant: Techno-Economic Parameters
Table 16: Caramel Chocolate Manufacturing Plant: Taxation (in US$)
Table 17: Caramel Chocolate Manufacturing Plant: Depreciation (in US$)
Table 18: Caramel Chocolate Manufacturing Plant: Income Projections (in US$)
Table 19: Caramel Chocolate Manufacturing Plant: Expenditure Projections (in US$)
Table 20: Caramel Chocolate Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 21: Caramel Chocolate Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 22: Caramel Chocolate Manufacturing Plant: Profit and Loss Account (in US$)


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Key Questions Answered in This Report

The global caramel chocolate market was valued at US$ 5.5 Billion in 2022.

We expect the global caramel chocolate market to exhibit a CAGR of 5.73% during 2023-2028.

The growing consumption of baked products, such as cookies, cupcakes, pies, tarts, etc., is one of the
key factors driving the global caramel chocolate market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of
caramel chocolate.

Based on the distribution channel, the global caramel chocolate market can be divided into
supermarkets and hypermarkets, convenience stores, non-grocery retailers, and others. Among these,
supermarkets and hypermarkets currently hold the largest market share.

On a regional level, the market has been classified into Western Europe, North America, Eastern Europe,
Asia, Latin America, Middle East and Africa, and Australasia, where Western Europe currently dominates
the global market.

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