Market Research Future (MRFR) has published a Half cooked research report on the “Global Crunchy Chocolate Market” that contains information from 2018 to 2032. The Crunchy Chocolate market is estimated to register a CAGR of 5.50% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Crunchy Chocolate market— Nestle SA, Mars Inc., Mondelez International, Ferrero Group, A. Loacker Spa, Lindt & Spruengli AG, Yıldız Holding, Pierre Hermé Paris, Maison Chaudun and Неrѕhеу'ѕ'.
The global Crunchy Chocolate market is accounted to register a CAGR of 5.50% during the forecast period and is estimated to reach USD 28.0 Billion by 2032.
Due to customer demand for distinctive and decadent chocolate experiences, the market for crunchy chocolate is expanding significantly. A wide range of tastes are satisfied by the marriage of velvety chocolate and crispy textures. In order to meet the increasing demand for crunchy chocolate delicacies around the world, major producers are offering novel flavours, textures, and packaging.
The global crunchy chocolate market has been segmented based type, distribution channel, age group, and price point.
On the basis of type, bar, toffee bites, truffles, balls, and others. Bar segment dominated the global market in 2022. Growing consumer awareness of crunchy dark chocolate bars as nutritious sweets with antioxidants that protect the skin from UV radiation is predicted to support market expansion over the coming years.
Based on distribution channel, the global Crunchy Chocolate market has been segmented into supermarket/hypermarket, convenience stores, dollar stores, food services, duty-free outlets, e-commerce, and others. Supermarket/hypermarket segment dominated the global market in 2022. The increase of the supermarket/hypermarket segment in the crunchy chocolate market is attributed to the expansion of supermarket and hypermarket use in both developed and developing nations.
Based on age group, the global Crunchy Chocolate market has been segmented into millennial, gen a/z, and gen x/boomers. Millennial segment dominated the global Crunchy Chocolate market in 2022. Many gatherings around the world that are geared towards millennials include chocolate in significant amounts.
Based on price point, the global Crunchy Chocolate market has been segmented into mainstream and premium. Mainstream segment dominated the global Crunchy Chocolate market in 2022. Products in the mainstream market sector are those that are deemed affordable by bigger populations in developing nations
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The global Crunchy Chocolate market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Crunchy Chocolate market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Crunchy Chocolate market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Crunchy Chocolate market comprises of Middle East, Africa, and Latin America.
From 2023 to 2032, the North American Crunchy Chocolate Market is anticipated to develop significantly. The large population of the region, changing consumer tastes and preferences, and increasing demand for confectionery, particularly chocolate, because of its health benefits, such as improved blood flow, lowered blood pressure, and a lower risk of heart disease, are the main factors driving the North American crunchy chocolate market.
Moreover, Europe Crunchy Chocolate market dominated this market in 2022 (45.80%). Spanish producers of crunchy chocolate make considerable investments in innovation and research to create commercially viable products that offer customers unique experiences. Customers in Europe are getting more knowledgeable about new sugar substitutes and sugar-free products as they worry about the detrimental effects of consuming high amounts of sugar on their health. Additionally, the development of the crunchy chocolate market is aided by innovation in tastes, shapes, textures, and pack sizes.
Additionally, in 2022, the Asia Pacific Crunchy Chocolate market held a sizable market share. This rise can be attributed to both the growing Western cultural influence and the growing health awareness surrounding chocolate. Seasonal and holiday purchases are anticipated to have a significant impact in growing Asian countries like India, driving demand in the area.
Furthermore, the rest of the world's Crunchy Chocolate market is divided into the Middle East, Africa, and Latin America. Due to a rising consumer taste for decadent and distinctive chocolate goods in the region, the market for crunchy chocolate in Latin America is registering significant growth. To meet the varied tastes and preferences of Latin American consumers, local and international brands are developing a variety of crispy chocolate delicacies with inventive flavours, textures, and packaging.
Key Findings of the Study