Evolve Businesses Intelligence has published a research report on the Crunchy Chocolates Market, 2021–2030. The crunchy chocolate market is projected to exhibit a CAGR of around 6.7% during the forecast period of 2022 to 2030.
Evolve Businesses Intelligence has recognized the following companies as the key players in the Crunchy chocolate market are Mars Inc., Mondelez International, Ferrero Group, Nestle SA, A. Loacker Spa, Неrѕhеу’ѕ, Pierre Hermé Paris Lindt & Spruengli AG, Yıldız Holding, and Maison Chaudun.
Market Highlights
The Crunchy chocolate market is projected to be valued at USD 27.86 Billion by 2030, recording a CAGR of around 6.7% during the forecast period. Crunchy chocolate, also known as a chocolate wafer, refers to a crunchy wafer coated with a layer of chocolate. It is made from a variety of ingredients including cocoa butter, sugar, waffles, skim milk, emulsifiers, coconut oil, and flavorings. Chocolate-coated wafers may be called crunchies, chocolates, or chocolate wafer cookies. The term “chocolate wafer” is also used to refer to miniature cakes coated with a layer of chocolate and decorated with other ingredients such as cinnamon or mint. Chocolate-coated wafers are often packaged as small three-inch-square pieces for individual use. Many manufacturers are now producing crunchy chocolate options that not only taste good but also meet the needs and demands of health-conscious consumers. The best snack choice is crunchy chocolate.
The COVID-19 pandemic posed a significant threat to the Crunchy chocolate market. The sudden outbreak of the COVID-19 pandemic has led to all kinds of things, including a changing consumer inclination from conventional brick-and-mortar distribution channels and online retail platforms for the purchase of Crunchy Chocolate. Bars.
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Segmental Analysis
The crunchy chocolate has been segmented based on the type, and distribution channel.
By Type, the Crunchy chocolate market is segmented based on Bars and Balls. In the forecasts, the bar segment is going to have the largest market share and will account for big numbers. The balls segment, on the other hand, was predicted to be the fastest-growing
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 as they are the most convenient and provide a variety of products and offers.
Regional Analysis
The crunchy chocolate market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. The European region is projected to dominate the crunchy chocolate market. Europe has a large market share in the crunchy chocolate industry. Europe also has contributed significantly to industry growth compared to other regions in the past and is likely to do so again in the upcoming years. The Asia-Pacific region is one of the fastest-growing areas in the world due to fast-developing economies such as Singapore, China, and India. The Asia-Pacific region would provide impressive growth of 5.8% from 2021 – to 2030.