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Crunchy Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global crunchy chocolate market reached a value of US$ 3.08 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.87 Billion by 2027, exhibiting at a CAGR of 3.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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.

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.

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 majority of the market share. The report has also analysed the competitive landscape of the market with some of the key global players being Mars Inc, Mondelez International Inc, Nestle SA, Ferrero Group, Hershey Foods Corp, Grupo Arcor.

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.

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 Breakup by Region
    6.6    Market Breakup 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   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
   
14.1    Mars Inc
    14.2    Mondelez International Inc
    14.3    Nestle SA
    14.4    Ferrero Group
    14.5    Hershey Foods Corp
    14.6    Grupo Arcor 

List of Figures

Figure 1: Global: Crunchy Chocolate Market: Major Drivers and Challenges
Figure 2: Global: Chocolate Market: Sales Volume (in Million Tons), 2016-2021
Figure 3: Global: Chocolate Market: Sales Value (in Billion US$), 2016-2021
Figure 4: Global: Chocolate Market: Breakup by Region (in %), 2021
Figure 5: Global: Chocolate Market: Breakup by Product (in %), 2021
Figure 6: Global: Chocolate Market: Breakup by Packaging (in %), 2021
Figure 7: Global: Chocolate Market: Breakup by End-Use (in %), 2021
Figure 8: Global: Chocolate Market: Share of Key Players (in %), 2021
Figure 9: Global: Chocolate Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 10: Global: Chocolate Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 11: Global: Crunchy Chocolate Market: Sales Volume (in Million Tons), 2016-2021
Figure 12: Global: Crunchy Chocolate Market: Sales Value (in Billion US$), 2016-2021
Figure 13: Crunchy Chocolate Market: Price Structure (US$/Ton)
Figure 14: Global: Crunchy Chocolate Market: Average Prices (in US$/Ton), 2016-2021
Figure 15: Global: Crunchy Chocolate Market Forecast: Average Prices (in US$/Ton), 2022-2027
Figure 16: Global: Crunchy Chocolate Market: Breakup by Region (in %), 2021 
Figure 17: Global: Crunchy Chocolate Market: Breakup by Distribution Channel (in %), 2021
Figure 18: Global: Crunchy Chocolate Market Forecast: Sales Volume (in Million Tons), 2022-2027
Figure 19: Global: Crunchy Chocolate Market Forecast: Sales Value (in Billion US$), 2022-2027
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 %), 2027
Figure 24: Western Europe: Crunchy Chocolate Market: Sales Volume (in Tons), 2016 & 2021
Figure 25: Western Europe: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 26: North America: Crunchy Chocolate Market: Sales Volume (in Tons), 2016 & 2021
Figure 27: North America: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 28: Eastern Europe: Crunchy Chocolate Market: Sales Volume (in Tons), 2016 & 2021
Figure 29: Eastern Europe: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 30: Asia: Crunchy Chocolate Market: Sales Volume (in Tons), 2016 & 2021
Figure 31: Asia: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 32: Latin America: Crunchy Chocolate Market: Sales Volume (in Tons), 2016 & 2021
Figure 33: Latin America: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 34: Middle East and Africa: Crunchy Chocolate Market: Sales Volume (in Tons), 2016 & 2021
Figure 35: Middle East and Africa: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 36: Australasia: Crunchy Chocolate Market: Sales Volume (in Tons), 2016 & 2021
Figure 37: Australasia: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2022-2027
Figure 38: Global: Crunchy Chocolate Market: Sales through Supermarkets and Hypermarkets (in Tons), 2016 & 2021
Figure 39: Global: Crunchy Chocolate Market Forecast: Sales through Supermarkets and Hypermarkets (in Tons), 2022-2027
Figure 40: Global: Crunchy Chocolate Market: Sales through Convenience Stores (in Tons), 2016 & 2021
Figure 41: Global: Crunchy Chocolate Market Forecast: Sales through Convenience Stores (in Tons), 2022-2027
Figure 42: Global: Crunchy Chocolate Market: Sales through Non-Grocery Retailers (in Tons), 2016 & 2021
Figure 43: Global: Crunchy Chocolate Market Forecast: Sales through Non-Grocery Retailers (in Tons), 2022-2027
Figure 44: Global: Crunchy Chocolate Market: Sales through Other Distribution Channels (in Tons), 2016 & 2021
Figure 45: Global: Crunchy Chocolate Market Forecast: Sales through Other Distribution Channels (in Tons), 2022-2027
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, 2021 and 2027
Table 2: Global: Crunchy Chocolate Market: Key Industry Highlights, 2021 and 2027
Table 3: Global: Crunchy Chocolate Market Forecast: Breakup by Region (in Tons), 2022-2027
Table 4: Global: Crunchy Chocolate Market Forecast: Breakup by Distribution Channel, (in Tons) 2022-2027
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$)

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Key Question Answered in this Report

The global crunchy chocolate market size was valued at US$ 3.08 Billion in 2021.

We expect the global crunchy chocolate market to exhibit a CAGR of 3.8% during 2022-2027.

The increasing utilization crunchy chocolates in the preparation of food and beverages, such as
smoothies, coffee, chocolate sandwiches, etc., represents one of the key factors catalyzing the
global crunchy 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 crunchy chocolate.

Based on the distribution channel, the global crunchy chocolate market can be bifurcated into
supermarkets and hypermarkets, convenience stores, non-grocery retailers, and others. Currently,
supermarkets and hypermarkets hold the majority of the total 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.

Some of the major players in the global crunchy chocolate market include Mars Inc, Mondelez
International Inc, Nestle SA, Ferrero Group, Hershey Foods Corp, Grupo Arcor, etc.

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