Caramel Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Caramel Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global caramel chocolate market size reached US$ 5.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.73% during 2023-2028.
Caramel chocolate is a confectionery product made by covering caramel and nougat in milk chocolate. It consists of several ingredients such as nuts, fruits, and white or milk chocolate. Caramel chocolate is available in sweet, nutty, buttery, and bitter flavors, which provides more depth and reduces the overall sweetness of the chocolate. Caramel chocolate is commonly used as a flavoring agent and sauce in desserts like cakes, cupcakes, doughnuts, ice cream, custard, and chocolate candies. It is also added in martinis, pumpkin peas, coffee drinks, truffle ice-creams, and protein bars. In recent years, caramel chocolate has gained popularity as one of the most widely consumed chocolates across the globe.
Caramel Chocolate Market Trends:
The market is driven by the increasing consumption of flavored candy and confectionery items, especially among the younger population. In addition, consumers nowadays are willing to pay for premium products that have better quality and flavor, which is fueling the market growth. Besides this, the attractive packaging of caramel chocolate-based desserts and candies are also supplementing the market. Along with this, rapid urbanization and inflating disposable income levels are changing the dietary preferences of consumers, which has escalated the demand for caramel chocolates. Moreover, the rising trend of health consciousness has resulted in the increasing demand for caramel chocolate that contains reduced amounts of fat and artificial sugar. Due to this, key manufacturers are introducing healthier options and smaller portion-size for individuals who focus on portion control and low-calorie intake. Furthermore, the growing demand for organic chocolates made from naturally flavored products is also significantly influencing the demand for caramel chocolate across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global caramel chocolate market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on distribution channel.
Breakup by Distribution Channel:
Supermarkets and hypermarkets
Convenience stores
Non-grocery retailers
Others
Among these, supermarkets and hypermarkets account for the majority of the global market as they offer different product varieties and brands of caramel chocolate.
Regional Insights:
North America
Western Europe
Eastern Europe
Asia
Latin America
Australasia
Middle East and Africa
On a geographical front, Western Europe holds the leading position in the market on account of its high demand in the region. Other major regions include North America, Eastern Europe, Asia, Latin America, Australasia, and Middle East and Africa.
Competitive Landscape:
The competitive landscape of the market has been examined in the report, with the detailed profiles of some of the key players operative in the industry.
Key Questions Answered in This Report
1. What was the size of the global caramel chocolate market in 2022?
2. What is the expected growth rate of the global caramel chocolate market during 2023-2028?
3. What are the key factors driving the global caramel chocolate market?
4. What has been the impact of COVID-19 on the global caramel chocolate market?
5. What is the breakup of the global caramel chocolate market based on the distribution channel?
6. What are the major regions in the global caramel chocolate market?
The global caramel chocolate market size reached US$ 5.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.73% during 2023-2028.
Caramel chocolate is a confectionery product made by covering caramel and nougat in milk chocolate. It consists of several ingredients such as nuts, fruits, and white or milk chocolate. Caramel chocolate is available in sweet, nutty, buttery, and bitter flavors, which provides more depth and reduces the overall sweetness of the chocolate. Caramel chocolate is commonly used as a flavoring agent and sauce in desserts like cakes, cupcakes, doughnuts, ice cream, custard, and chocolate candies. It is also added in martinis, pumpkin peas, coffee drinks, truffle ice-creams, and protein bars. In recent years, caramel chocolate has gained popularity as one of the most widely consumed chocolates across the globe.
Caramel Chocolate Market Trends:
The market is driven by the increasing consumption of flavored candy and confectionery items, especially among the younger population. In addition, consumers nowadays are willing to pay for premium products that have better quality and flavor, which is fueling the market growth. Besides this, the attractive packaging of caramel chocolate-based desserts and candies are also supplementing the market. Along with this, rapid urbanization and inflating disposable income levels are changing the dietary preferences of consumers, which has escalated the demand for caramel chocolates. Moreover, the rising trend of health consciousness has resulted in the increasing demand for caramel chocolate that contains reduced amounts of fat and artificial sugar. Due to this, key manufacturers are introducing healthier options and smaller portion-size for individuals who focus on portion control and low-calorie intake. Furthermore, the growing demand for organic chocolates made from naturally flavored products is also significantly influencing the demand for caramel chocolate across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global caramel chocolate market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on distribution channel.
Breakup by Distribution Channel:
Supermarkets and hypermarkets
Convenience stores
Non-grocery retailers
Others
Among these, supermarkets and hypermarkets account for the majority of the global market as they offer different product varieties and brands of caramel chocolate.
Regional Insights:
North America
Western Europe
Eastern Europe
Asia
Latin America
Australasia
Middle East and Africa
On a geographical front, Western Europe holds the leading position in the market on account of its high demand in the region. Other major regions include North America, Eastern Europe, Asia, Latin America, Australasia, and Middle East and Africa.
Competitive Landscape:
The competitive landscape of the market has been examined in the report, with the detailed profiles of some of the key players operative in the industry.
Key Questions Answered in This Report
1. What was the size of the global caramel chocolate market in 2022?
2. What is the expected growth rate of the global caramel chocolate market during 2023-2028?
3. What are the key factors driving the global caramel chocolate market?
4. What has been the impact of COVID-19 on the global caramel chocolate market?
5. What is the breakup of the global caramel chocolate market based on the distribution channel?
6. What are the major regions in the global caramel chocolate market?
Table of Contents
131 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Chocolate Industry
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Market Breakup by Region
- 5.4 Market Breakup by Product
- 5.5 Market Breakup by Packaging
- 5.6 Market Breakup by End-Use
- 5.7 Market Share of Key Players
- 5.8 Market Forecast
- 6 Global Caramel Chocolate Industry
- 6.1 Market Overview
- 6.2 Market Performance
- 6.2.1 Volume Trends
- 6.2.2 Value Trends
- 6.3 Impact of COVID-19
- 6.4 Price Analysis
- 6.4.1 Key Price Indicators
- 6.4.2 Price Structure
- 6.4.3 Price Trends
- 6.5 Market by Region
- 6.6 Market by Distribution Channel
- 6.7 Market Forecast
- 6.8 SWOT Analysis
- 6.8.1 Overview
- 6.8.2 Strengths
- 6.8.3 Weaknesses
- 6.8.4 Opportunities
- 6.8.5 Threats
- 6.9 Value Chain Analysis
- 6.9.1 Overview
- 6.9.2 Cocoa Growers
- 6.9.3 Cocoa Grinders
- 6.9.4 Coverture/Industrial Chocolate Manufacturers
- 6.9.5 End Use Industries
- 6.9.6 Chocolate Manufacturers
- 6.9.7 Distributors
- 6.9.8 Exporters
- 6.9.9 Retailers
- 6.10 Porters Five Forces Analysis
- 6.10.1 Overview
- 6.10.2 Bargaining Power of Buyers
- 6.10.3 Bargaining Power of Suppliers
- 6.10.4 Degree of Rivalry
- 6.10.5 Threat of New Entrants
- 6.10.6 Threat of Substitutes
- 6.11 Key Success and Risk Factors
- 7 Performance of Key Regions
- 7.1 Western Europe
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 North America
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Eastern Europe
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Asia
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Latin America
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Middle East and Africa
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Australasia
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
- 8 Performance by Distribution Channel
- 8.1 Supermarkets and Hypermarkets
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Convenience Stores
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Non-Grocery Retailers
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 9 Competitive Landscape
- 10 Caramel Chocolate Manufacturing Process
- 10.1 Product Overview
- 10.2 Detailed Process Flow
- 10.3 Various Types of Unit Operations Involved
- 10.4 Mass Balance and Raw Material Requirements
- 11 Project Details, Requirements and Costs Involved
- 11.1 Land, Location and Site Development
- 11.2 Construction Requirements and Expenditures
- 11.3 Plant Machinery
- 11.4 Machinery Pictures
- 11.5 Raw Materials Requirements and Expenditures
- 11.6 Raw Material and Final Product Pictures
- 11.7 Packaging Requirements and Expenditures
- 11.8 Transportation Requirements and Expenditures
- 11.9 Utilities Requirements and Expenditures
- 11.10 Manpower Requirements and Expenditures
- 11.11 Other Capital Investments
- 12 Caramel Chocolate Manufacturing Plant: Loans and Financial Assistance
- 13 Caramel Chocolate Manufacturing Plant: Project Economics
- 13.1 Capital Cost of the Project
- 13.2 Techno-Economic Parameters
- 13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 13.4 Taxation and Depreciation
- 13.5 Income Projections
- 13.6 Expenditure Projections
- 13.7 Financial Analysis
- 13.8 Profit Analysis
- 14 Key Player Profiles
Pricing
Currency Rates
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