Crunchy Chocolate Global Market Size is estimated to reach $3.6 billion by 2027 and it is poised to grow at a CAGR of 4.1% over the forecast period of 2022-2027. Wafer chocolate, often known as crunchy chocolate, is made by coating a wafer with a layer of chocolate. It’s made with cocoa butter, sugar or glucose syrup, skimmed milk powder, modified palm oil, peanuts, raising agent, soy lecithin, emulsifier and a filling of delightful flavours like honey, caramel and butterscotch to boost the flavor. Manufacturers are now developing a variety of crunchy chocolate product types that are not only tasty but also meet the needs and aspirations of a health-conscious consumer base. As a result, organic chocolate, vegan gluten-free chocolate and energy bars are becoming increasingly popular around the world. There are a variety of applications for crunchy chocolate that have influenced its popularity. Crunchy chocolate crumbs and pieces are added to liquids like coffee and smoothies or used to make chocolate sandwiches. Premiumization, a growing fast-food business, expanding distribution channels and other reasons are all contributing to the rise in demand for crunchy chocolates. The surge in demand for chocolates, particularly crispy chocolate, is driving the confectionery business. Dark, milk and white chocolates have gained popularity in recent years as a result of an increase in their consumption rate. Furthermore, the widespread availability of chocolate products, combined with a shift in consumer preferences toward confectionery items, has fueled chocolate demand. Increased demand for crunchy chocolate, as well as brand awareness advertising by manufacturers, are the fundamental reasons driving the Crunchy Chocolate Global sector during the forecast period 2022-2027.
Crunchy Chocolate Global Market Report Coverage :
The report : “Crunchy Chocolate Global Market Forecast (2022-2027)”, by Industry ARC covers an in-depth analysis of the following segments of the Crunchy Chocolate Global Market.
By Type : Bar, Toffee Bites, Truffles, Balls, Others
By Composition : Milk Chocolate, Dark Chocolate (Bitter Chocolate, Semi-sweet chocolate, Pure Bitter Chocolate, Others), White chocolate, Nut Chocolate, Organic Chocolate and, Others.
By Age Group : Millennials, Gen A/ Z, GenX and Boomers.
By Price Point : Mainstream, Premium.
By Distribution Channel : Supermarkets, Hypermarkets, E-commerce websites and Others.
By Geography : North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia and New Zealand and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Columbia and Rest of South America) and Rest of the World (the Middle East and Africa).