ID: MRFR/F-B & N/6405-CR | 116 Pages | Published By Snehal Singh on May 2019
Chocolate Sprinkles Market Size is predicted to reach a valuation of USD 1,591.4 million by the end of the year 2030, at 4.32% CAGR during the forecast period 2030.
According to the Latest Research Report, the global chocolate sprinkles market is predicted to touch a valuation of USD 1,591.4 Million by the end of the year 2030, and it is expected to expand at 4.32% CAGR during the forecast period 2022 to 2030. Chocolate sprinkles are basically small pieces of bonbons which is widely used as a topping on bakery products and cakes. They are available in the market in several different colors, and it is highly used for decorating bakery goods and cakes in any special occasions such as anniversaries, birthdays, etc. The growth in the confectionery and bakery application is predicted to bolster the global chocolate sprinkles market demand over the forecast period.
The rising popularity for the decoration of bakery and dessert products among the people is ultimately boosting the demand for chocolate sprinkles around the globe is the major key factor predicted to support the growth of the target market. Moreover, the rise in consumption of bakery products and cakes on several different occasions such as Christmas party, valentine’s day, birthday, anniversary, and others is ultimately boosting the demand for the chocolate sprinkle, which is considered as another major factor for the global chocolate sprinkles market growth. The rising spending of the consumers on different bakery, desserts, confectionery, and other products ad along with that the increasing demand for specially designed and customized food and beverage products among the people is ultimately boosting the demand for the chocolate sprinkle marker around the globe. Additionally, the increasing demand for several textures and flavors in pastries, cake, and ice creams combined with continuous newly launched bakery products around the world is boosting the demand for the chocolate sprinkles industry.
This report contains all the information on the global chocolate sprinkles market research and market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global chocolate sprinkles industry analysis and forecast to 2030 is also included in the report.
Covid 19 Analysis
The outbreak of the covid 19 pandemics has left a massive impact on the global chocolate sprinkles market demand, which has affected almost every aspect of business globally. This has forced various changes in the business areas, and the market conditions resulted in a reduction in the production of the sprinkles and also decreases the demand for chocolate sprinkles around the globe.
The rising popularity of chocolate sprinkles market trends around the globe in baked goods is ultimately raising the demand for the chocolate sprinkles industry. The changing lifestyle of the consumers and increasing disposable incomes of individuals has led to the need for specially designed beverages and foods; special events like Valentine’s Day have always been opting for launching any new products.
The different combinations of textures and flavors in pastries, cakes, and ice creams are likely to entice the consumer buying choices are predicted to boost the demand for the chocolate sprinkles industry.
The rising demand in the developing countries of the Asia Pacific and the Middle East is predicted to open up growth opportunities for the key chocolate sprinkles market manufacturers. The increasing disposable income of consumers, along with the rising demand for dairy and baked products, is predicted to add fuel to the chocolate sprinkles market revenues considerable.
The lack of awareness about the varieties of uses of chocolate sprinkles in underdeveloped countries can be considered as the major key factor which is likely to hamper the growth of the global chocolate sprinkles industry.
The major key companies of the chocolate sprinkles are slowly dealing with challenges due to the reduction in demand for the sprinkles globally. Along with that, there is greater completion from newly launched snacks which is hampering the chocolate sprinkles market growth, and the rise of being consumer conscious can provide an existential threat to the chocolate sprinkles in western countries.
Cumulative Growth Analysis
According to the reports of the National Institute of Statistics and Economics Studies in the year 2021, about 1340 new bakeries shops had been opened in Europe. It can create plenty of opportunities for the manufacturers of chocolate sprinkles. The disposable income levels of individuals and globalization also play an important role in driving market growth and demand.
Value Chain Analysis
According to the latest report, the global chocolate sprinkles market is segmented on the basis of packaging types, end-use, distribution channel, and region. On the basis of packaging type, the global chocolate sprinkles industry is further segmented into jars, pouches, and others. Jar segment is expected to account for the maximum share in the global chocolate sprinkles market due to the recyclable mature of jars and its availability in several shapes and sizes, which makes it viable for storing chocolate sprinkles. Pouches are predicted to exhibit the highest share over the forecast period due to its rising preference by the key manufacturers due to their cost-effective nature.
On the basis of the end uses, the dairy and frozen dessert have accounted for the largest chocolate sprinkles market share in the year 2017 due to the increasing spending power of the consumers and their willingness to experiment with new flavors. The bakery and confectionery segment is expected to display around 4 to 5 percent CAGR over the assessment period due to its rising popularity of bakery and confectionery among the users. On the basis of the distribution channel, food services have accounted for the largest amount of share, which was followed by retail in the year 2017. The retail food segment is expected to register the highest CAGR during the assessment period due to the emergence of the supermarket and retail chains in the developing and developed countries and also due to the increasing demand for sprinkles in the household.
The market is segmented on the basis of the packaging types, end-use, distribution channel, and region. The global chocolate sprinkles market is expected to witness decent growth during the forecast period.
Based on the application, the market is segmented into dairy and frozen desserts, bakery and confectionery, and others
Based on the propulsion types, the market is segmented into supermarkets and hypermarkets, e-commerce, and specialty stores
According to the reports, on the basis of region, the global chocolate sprinkles market is segmented into North America, Europe, Asia Pacific (APAC), and the rest of the world (RoW). Europe is predicted to dominate the global chocolate sprinkles market in the year 2017 due to a rise in preference for sprinkles in several bakery items. Moreover, the rising preference if sprinkles in frozen desserts and ice creams by the consumers in this region are further boosting the demand for the chocolate sprinkles market. The Asia Pacific is expected to grow at a robust rate due to the increasing bakery industry in this region.
The core strategies of the major key players in the global chocolate sprinkles market are agreements, partnerships, and acquisitions, which they include to expand their market share.
Major Key Players
The following report comprises of:
August 2018 - Mondelez international has decided to launch its first-ever facilities in Bangladesh to showcase its lineup of products to denizens in the country.
Global Chocolate Sprinkles Market Segmentation:
Segmentation by Packaging types:
Segmentation by Application:
Segmentation by Sales Channel:
Segmentation by Region:
The Middle East and Africa
|Market Size||USD 1591.4 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Packaging Type, By End-Use, By Distribution Channel, and By Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Barry Callebaut AG (Switzerland), Carroll Industries NZ Ltd. (New Zealand), Paulaur Corporation (U.S.), General Mills Inc. (U.S.), Delfi Limited (Singapore), Mondelēz International Inc. (U.S.), Golden Fluff Inc. (U.S.), CK Products LLC (U.S.), Girrbach Süsswarendekor GmbH (U.S.), Lotus Chocolate Co. Ltd. (India)|
|Key Market Opportunities||The increasing disposable income of consumers, along with the rising demand for dairy and baked products|
|Key Market Drivers||Different combinations of textures and flavors in pastries, cakes, and ice creams|
The global chocolate sprinkles market is predicted to touch a valuation of USD 1,591.4 Million by the end of the year 2023, and it is expected to expand at 4.32 percent CAGR during the forecast period 2022 to 2030.
Europe Region Will Dominate The Chocolate Sprinkles Market.
Barry Callebaut AG (Switzerland), Carroll Industries NZ Ltd. (New Zealand), Paulaur Corporation (U.S.), General Mills Inc. (U.S.), Delfi Limited (Singapore), Mondelēz International Inc. (U.S.), Golden Fluff Inc. (U.S.), CK Products LLC (U.S.), Girrbach Süsswarendekor GmbH (U.S.), Lotus Chocolate Co. Ltd. (India)
The demand for chocolate sprinkles is increasing globally as more individuals decorate their baked goods and desserts, which is the primary reason projected to promote the expansion of the target market.