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.
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 Crunchy 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
6.9.9 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 Crunchy 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 Crunchy Chocolate Manufacturing Plant: Loans and Financial Assistance
13 Crunchy 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: Crunchy Chocolate Market: Major Drivers and Challenges
Figure 2: Global: Chocolate Market: Volume Trends (in Million Tons), 2014-2019
Figure 3: Global: Chocolate Market: Value Trends (in Billion US$), 2014-2019
Figure 4: Global: Chocolate Market: Breakup by Region (in %), 2019
Figure 5: Global: Chocolate Market: Breakup by Product (in %), 2019
Figure 6: Global: Chocolate Market: Breakup by Packaging (in %), 2019
Figure 7: Global: Chocolate Market: Breakup by End-Use (in %), 2019
Figure 8: Global: Chocolate Market: Share of Key Players (in %), 2019
Figure 9: Global: Chocolate Market Forecast: Volume Trend (in Million Tons), 2020-2025
Figure 10: Global: Chocolate Market Forecast: Value Trends (in Billion US$), 2020-2025
Figure 11: Global: Crunchy Chocolate Market: Volume Trends (in Million Tons), 2014-2019
Figure 12: Global: Crunchy Chocolate Market: Value Trends (in Million US$), 2014-2019
Figure 13: Crunchy Chocolate Market: Price Structure (US$/Ton)
Figure 14: Global: Crunchy Chocolate Market: Average Prices (in US$/Ton), 2014-2019
Figure 15: Global: Crunchy Chocolate Market Forecast: Average Prices (in US$/Ton), 2020-2025
Figure 16: Global: Crunchy Chocolate Market: Breakup by Region (in %), 2019
Figure 17: Global: Crunchy Chocolate Market: Breakup by Distribution Channel (in %), 2019
Figure 18: Global: Crunchy Chocolate Market Forecast: Volume Trends (in Million Tons), 2020-2025
Figure 19: Global: Crunchy Chocolate Market Forecast: Value Trends (in Million US$), 2020-2025
Figure 20: Global: Crunchy Chocolate Industry: SWOT Analysis
Figure 21: Global: Crunchy Chocolate Industry: Value Chain Analysis
Figure 22: Global: Crunchy Chocolate Industry: Porter’s Five Forces Analysis
Figure 23: Global: Crunchy Chocolate Market Forecast: Breakup by Region (in %), 2025
Figure 24: Western Europe: Crunchy Chocolate Market: Sales Volume (in Tons), 2014 & 2019
Figure 25: Western Europe: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2020-2025
Figure 26: North America: Crunchy Chocolate Market: Sales Volume (in Tons), 2014 & 2019
Figure 27: North America: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2020-2025
Figure 28: Eastern Europe: Crunchy Chocolate Market: Sales Volume (in Tons), 2014 & 2019
Figure 29: Eastern Europe: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2020-2025
Figure 30: Asia: Crunchy Chocolate Market: Sales Volume (in Tons), 2014 & 2019
Figure 31: Asia: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2020-2025
Figure 32: Latin America: Crunchy Chocolate Market: Sales Volume (in Tons), 2014 & 2019
Figure 33: Latin America: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2020-2025
Figure 34: Middle East and Africa: Crunchy Chocolate Market: Sales Volume (in Tons), 2014 & 2019
Figure 35: Middle East and Africa: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2020-2025
Figure 36: Australasia: Crunchy Chocolate Market: Sales Volume (in Tons), 2014 & 2019
Figure 37: Australasia: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2020-2025
Figure 38: Global: Crunchy Chocolate Market: Sales through Supermarkets and Hypermarkets (in Tons), 2014 & 2019
Figure 39: Global: Crunchy Chocolate Market Forecast: Sales through Supermarkets and Hypermarkets (in Tons), 2020-2025
Figure 40: Global: Crunchy Chocolate Market: Sales through Convenience Stores (in Tons), 2014 & 2019
Figure 41: Global: Crunchy Chocolate Market Forecast: Sales through Convenience Stores (in Tons), 2020-2025
Figure 42: Global: Crunchy Chocolate Market: Sales through Non-Grocery Retailers (in Tons), 2014 & 2019
Figure 43: Global: Crunchy Chocolate Market Forecast: Sales through Non-Grocery Retailers (in Tons), 2020-2025
Figure 44: Global: Crunchy Chocolate Market: Sales through Other Distribution Channel (in Tons), 2014 & 2019
Figure 45: Global: Crunchy Chocolate Market Forecast: Sales through Other Distribution Channel (in Tons), 2020-2025
Figure 46: Crunchy Chocolate Manufacturing: Detailed Process Flow
Figure 47: Crunchy Chocolate Manufacturing: Conversion Rate of Feedstocks
Figure 48: Crunchy Chocolate Manufacturing: Breakup of Capital Costs (in %)
Figure 49: Crunchy Chocolate Production: Manufacturing Cost Breakup (in %)
Figure 50: Crunchy Chocolate Manufacturing Plant: Margins Across Various Stages of the Supply Chain
List of Tables
Table 1: Global: Chocolate Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Crunchy Chocolate Market: Key Industry Highlights, 2019 and 2025
Table 3: Global: Crunchy Chocolate Market Forecast: Breakup by Region (in Tons), 2020-2025
Table 4: Global: Crunchy Chocolate Market Forecast: Breakup by Distribution Channel, (in Tons) 2020-2025
Table 5: Global: Crunchy Chocolate Market: Competitive Structure
Table 6: Crunchy Chocolate Manufacturing Plant: Raw Material Requirements (in Tons/Day)
Table 7: Crunchy Chocolate Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 8: Crunchy Chocolate Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 9: Crunchy Chocolate Manufacturing Plant: Machinery Costs (in US$)
Table 10: Crunchy Chocolate Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (US$/Ton)
Table 11: Crunchy Chocolate Manufacturing Plant: Costs Related to Utilities (in US$)
Table 12: Crunchy Chocolate Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 13: Crunchy Chocolate Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 14: Crunchy Chocolate Manufacturing Plant: Capital Costs (in US$)
Table 15: Crunchy Chocolate Manufacturing Plant: Techno-Economic Parameters
Table 16: Crunchy Chocolate Manufacturing Plant: Taxation (in US$)
Table 17: Crunchy Chocolate Manufacturing Plant: Depreciation (in US$)
Table 18: Crunchy Chocolate Manufacturing Plant: Income Projections (in US$)
Table 19: Crunchy Chocolate Manufacturing Plant: Expenditure Projections (in US$)
Table 20: Crunchy Chocolate Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 21: Crunchy Chocolate Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 22: Crunchy Chocolate Manufacturing Plant: Profit and Loss Account (in US$)