The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
Due to the spread of the coronavirus disease (COVID-19), the market is currently experiencing negative growth. This can also be accredited to lockdowns imposed by governments of several countries as a response to the pandemic, consequent disruptions in the supply chain of raw materials and the unavailability of the adequate workforce.
The global white chocolate market reached a value of US$ 17.82 Billion in 2020.
According to the estimates by IMARC Group, the global white chocolate market is expected to exhibit stable growth during the next five years.
The expanding applications of white chocolate in the food and beverage (F&B) industry to enhance the flavor are bolstering the growth of the market.
The increasing utilization of white chocolate in the production of cosmetic products, along with the introduction of product variants made with goat or non-dairy milk, is acting as a major trend in the market.
Based on the distribution channel, the market has been classified 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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