According to the latest report by IMARC Group, titled “Caramel Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global caramel chocolate market reached a value of US$ 4.8 Billion in 2020. Looking forward, IMARC Group expects the Global caramel chocolate market to exhibit moderate growth during the next five years. Caramel chocolate refers to a confectionery product prepared by combining different varieties of sugar. It is generally mixed with several flavoring agents, including milk, nuts, fruits, corn syrup, caramel, and nougat. On account of its soft texture, caramel chocolate can be extruded at a low temperature. It can be easily molded and incorporated into a wide array of bakery products, such as candies and chocolate bars.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Caramel Chocolate Market Trends:
The global caramel chocolate market is primarily being driven by the rising consumption of confectionary items and the increasing product utilization as an enhancer and binding agent by eateries. Additionally, inflating income levels and changing lifestyles have enabled consumers to afford premium products, such as caramel chocolate, which is supporting the market growth. Moreover, rising health consciousness has prompted manufacturers to introduce innovative product variants with reduced sugar and fat, which is contributing to the inflating sales across the globe. Apart from this, significant expansion in the e-commerce industry and the adoption of aggressive promotional activities by key players are creating a positive outlook for the market.
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Caramel Chocolate Market Segmentation:
Our report has categorized the market based on region and distribution channel.
Breakup by Distribution channel:
- Supermarkets and Hypermarkets
- Convenience stores
- Non-grocery retailers
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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