Global Caramel Chocolate Market, By Type (Dark Chocolate and White Chocolate), Application (Sauce, Candy, Flavoring and Coloring), Distribution Channel (Retail and Supermarket, Food and Drink Specialists, Convenience Stores, Online Platform) – Industry Trends and Forecast to 2029.
Caramel Chocolate Market Analysis and Size
In recent years, there is a rise in trend of food experimentation especially in the confectionery and the bakery sector which has led to an increasing number food product to appear on supermarket shelves and been marketed directly to consumers through internet channels. As a result, several leading food companies offer caramel in their products.
Data Bridge Market Research analyses that the caramel chocolate market was valued at USD 5.13 billion in 2021 and is expected to reach the value of USD 8.81 billion by 2029, at a CAGR of 7.00% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Caramel Chocolate Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Dark Chocolate and White Chocolate), Distribution Channel (Retail and Supermarket, Food and Drink Specialists, Convenience Stores, Online Platform)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Cemoi Chocolatier (France), Nestlé S.A. (Switzerland), Mars Incorporated (U.S.), FUJI OIL HOLDINGS INC. (Japan), Guittard Chocolate Company (U.S.), Ghirardelli Chocolate Company (U.S.), Varihona Inc. (France), Barry Callebaut (Switzerland), Kerry Group Plc (Ireland), Olam Group (Singapore), THE HERSHEY COMPANY (U.S.), Cargill, Incorporated (U.S.), Blommer Chocolate Company (U.S.), Foley's Candies LP (Canada), Puratos (Belgium), Ferrero (Italy)
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Opportunities
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Market Definition
Caramel chocolate is a type of chocolate with caramel in it. Caramel is a sweet confection made by heating sugar or syrup until it turns brown and thick. It can be used to flavour or colour a variety of foods, including candy, ice cream, and coffee. Caramel chocolate is typically sweeter in flavour than other types of chocolate.
Global Caramel Chocolate Market Dynamics
Drivers
- Rise in the consumption of confectionery items and flavoured candies
The market is being driven by rising consumption of flavoured candy and confectionery items, particularly among the younger generation. Furthermore, consumers are willing to pay more for premium products with higher quality and flavour, which is fuelling market growth. Additionally, the appealing packaging of caramel chocolate-based desserts and candies is supplementing the market. Along with this, rapid urbanization and rising disposable income levels are altering consumer dietary preferences, driving up demand for caramel chocolates.
- Manufacturers product innovation for health conscious audience
The growing trend of health consciousness has resulted in an increase in demand for caramel chocolate with less fat and artificial sugar. As a result, major manufacturers are introducing healthier options and smaller portion sizes for people who are concerned with portion control and calorie intake. Furthermore, the growing demand for organic chocolates made from naturally flavoured products is influencing global demand for caramel chocolate.
Opportunities
Furthermore, rising R&D activities and increased modernization in new products on the market will open up new opportunities for the caramel chocolate market. Nonetheless, increased collaborations among major players along with rising brand awareness is creating a huge market opportunity.
Restraints
However, expensive raw materials, uncertain climatic conditions, and an increasing chocolate substitute market are the major factors that will further challenge the caramel chocolate market during the forecast period.
This caramel chocolate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the caramel chocolate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Caramel Chocolate Market
The cocoa market was impacted by low sales volumes caused by the COVID-19 pandemic, as well as supply-side issues related to quality and certification. In terms of exports, the Fine Cacao and Chocolate Institute (FCCI) conducted a survey on the impact of the COVID-19 pandemic, and the results were troubling. According to reports in the Dominican Republic, the harsh lockdown prevented producers and agricultural workers from visiting the plantations for several weeks until the authorities granted exceptions. As a result of the disruption in the raw material supply chain, followed by lockdown, an increasing number of specialty stores are remaining closed for an extended period of time, and volume consumption of premium chocolates is decreasing.
Global Caramel Chocolate Market Scope
The caramel chocolate market is segmented on the basis of type, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Dark Chocolate
- White Chocolate
Application
- Sauce
- Candy
- Flavoring and Coloring
Distribution Channel
- Retail and Supermarket
- Food and Drink Specialists
- Convenience Stores
- Online Platform
Caramel Chocolate Market Regional Analysis/Insights
The caramel chocolate market is analysed and market size insights and trends are provided by country, type, application and distribution channel as referenced above.
The countries covered in the caramel chocolate market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the caramel chocolate market due to the high demand for caramel chocolate and products mostly among children in the region and increasing urbanization in the region.
The Middle East and Africa are expected to be the fastest growing regions in terms of caramel chocolate market growth because of the increasing number of specialty retailers and recent changes in lifestyle and consumption patterns in this region
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Caramel Chocolate Market Share Analysis
The caramel chocolate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to caramel chocolate market.
Some of the major players operating in the caramel chocolate market are:
- Cemoi Chocolatier (France)
- Nestlé S.A. (Switzerland)
- Mars Incorporated (U.S.)
- FUJI OIL HOLDINGS INC. (Japan)
- Guittard Chocolate Company (U.S.)
- Ghirardelli Chocolate Company (U.S.)
- Varihona Inc. (France)
- Barry Callebaut (Switzerland)
- Kerry Group Plc (Ireland)
- Olam Group (Singapore)
- THE HERSHEY COMPANY (U.S.)
- Cargill, Incorporated (U.S.)
- Blommer Chocolate Company (U.S.)
- Foley's Candies LP (Canada)
- Puratos (Belgium)
- Ferrero (Italy)
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