Crunchy chocolate or wafer chocolate is mostly made by coating a piece of wafer with a layer of chocolate. However, sometimes nuts, fruits, cereals, etc. are also added along with a filling of delectable flavours such as honey, caramel and butterscotch to enhance its flavour. Nowadays, manufacturers are introducing crunchy chocolates which are not only delicious but also cater to the needs and demands of a health-conscious consumer-base. Hence, organic chocolate, vegan gluten-free chocolate and energy bars are emerging as the most sought-after chocolate types around the world. The latest report by IMARC Group titled, “Crunchy Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, finds that the global crunchy chocolate market reached a value of US$ 3.2 Billion in 2019.
There are a number of uses of crunchy chocolate which have contributed in influencing its demand. Crumbs and chunks of crunchy chocolate are used with beverages such as coffee and smoothies, or are used to make chocolate sandwiches. Some of the other factors responsible for the growth in the demand for crunchy chocolates include premiumisation, thriving fast-food industry, expanding distribution channels, etc. Looking forward, IMARC Group expects the global crunchy chocolate market to exhibit moderate growth during the next five years.
The report has analysed the global crunchy 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 region for crunchy chocolate, accounting for the majority of the market share.
This report provides a deep insight into the global crunchy chocolate industry 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 crunchy 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 crunchy chocolate industry in any manner.
Key Questions Answered in This Report:
The global crunchy chocolate market was worth around US$ 3.2 Billion in 2019.
According to the estimates by IMARC Group, the global crunchy chocolate market will exhibit moderate growth during the next five years.
Leading manufacturers are introducing organic and gluten-free product variants with added nuts, fruits and cereals to cater to the taste and preferences of a wide range of consumers, which is acting as a significant trend in the market.
Rising product premiumization, along with the expanding applications of crunchy chocolate in the preparation of coffee, smoothies and other food products and beverages, is driving the market growth.
Disruptions in supply chains and workforce shortages due to the outbreak of the coronavirus disease (COVID-19) are hampering the growth of the crunchy chocolate market.
The market has been divided on the basis of the distribution channel into supermarkets and hypermarkets, convenience stores, non-grocery retailers, and others.
On the geographical front, the market has been segmented into Western Europe, North America, Eastern Europe, Asia, Latin America, Australasia, and Middle East and Africa.
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