Market Size and Growth Report 2024-2032:

According to a new report by IMIR Market Research on Global Crunchy Chocolate Market Size was valued at USD 18.7 Billion in 2023. The Crunchy Chocolate market industry is projected to grow from USD 19.81 Billion in 2024 to USD 31.46 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.95% during the forecast period (2024 - 2032).

Applying a layer of chocolate to a wafer slice creates crunchy chocolate. To improve the flavour, a filling of delicious flavours like honey, caramel, and butterscotch is added, along with nuts, fruits, and cereals. Producers are able to satisfy the wants and desires of consumers who are health-conscious by providing crispy chocolates that taste great. Chocolate, especially crunchy chocolate, is becoming more and more popular, which is driving the confectionery business. Due to the rise in chocolate consumption, varieties like dark, milk, and white have become more popular throughout time. In addition, the market for chocolates has been stimulated by the widespread availability of chocolate products as well as the growing customer preferences for sweets. As consumer preferences for chocolate goods continue to develop, manufacturers are being forced to blend higher-quality products in response to the increased demand for cocoa. Additionally, chocolates have been found to be among the best anti-aging and pressure-suppressant candies, which will probably increase demand for products made with chocolate. Additionally, consumers' appetite for novelty products with milk flavours is predicted to rise due to the increased acceptability of these products in the chocolate and confectionery industries. Crunchy chocolate is a common ingredient in milk shakes and cold coffees, for example. Furthermore, as these confectionary products become more affordable, the market for crunchy chocolate is expected to increase at a profitable rate. The investigation of the crunchy chocolate market revealed that it was divided into segments based on kind, age group, price point, distribution channel, and region. The market is divided into categories according to kind, including bars, truffles, balls, and toffee nibbles. Market segmentation by age category includes millennials, Gen A/Z, and Gen X/boomers. The market is divided into Mainstream and Premium segments based on Price Point. The market is divided into categories based on the distribution channel, including duty-free shops, e-commerce, food services, supermarkets/hypermarkets, convenience stores, dollar stores, and others. North America (the United States, Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and the Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and the Rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Turkey, and the Rest of LAMEA) are the regions that are examined geographically.

Market Dynamics:

Market Drivers-

Increasing Consumer Demand for Indulgent and Premium Chocolates

• More and more customers are looking for exquisite and fulfilling chocolate experiences. Crunchy chocolate sales are rising as a result of this trend. A craving for indulgence is satiated when smooth chocolate is paired with crisps, cookies, or nuts for a multi-sensory treat. Furthermore, consumers' increasing inclination for premium ingredients and distinctive flavour profiles is consistent with the premium perception of crunchy chocolates.  Crunchy chocolate is elevated from a basic candy bar to a special treat because to its focus on exclusivity and amazing taste. It's the ideal snack option for anyone looking to try something new.  Profiting from this, producers are differentiating their goods in a crowded market by adding creative taste combinations and employing premium ingredients.  The crunch chocolate market is still growing, and one of the main reasons for this is the increase in the consumption of upscale, decadent chocolate.

Growing Disposable Income, Particularly in Emerging Economies

• Increased disposable income is having a big effect on the crunchy chocolate business, especially in emerging markets. People can now afford to indulge in things they may have previously abstained from since they have more discretionary income to spend. Crunchy chocolate is a perceived improvement above standard candy bars, thus it meets the bill wonderfully. With their increased purchasing capacity, consumers in developing economies may now experiment with crunchy chocolate flavours, textures, and brands.  In addition, an expanding middle class with changing preferences frequently follows economic expansion. Crunchy chocolate's opulent image perfectly fits this demographic's yearning for high-end products that symbolise prestige and aspiration. Producers are aware of this change and are deliberately focusing on these new markets with creative products and alluring advertising efforts. As a result, the crunchy chocolate industry is experiencing a surge in new clients due to the increased disposable income in developing economies, which is driving the market's global expansion.

Market Trends-

Exotic Flavours and Combinations

• The market for crunchy chocolate is expanding with a plethora of novel and intriguing taste combinations in response to consumers' increasingly daring palates. This explores new ground with ingredients like fruits, spices, and even chiles, going beyond the tried-and-true pairing of caramel and nuts.  Global cuisines are providing inspiration for chocolate makers, who are combining flavours from the Middle East, Asia, and Latin America.  For example, matcha, wasabi, and goji berries are making an appearance in crunchy chocolate bars, and those with daring palates can experiment with ginger, chilli flakes, and even bursting candies.  This spirit of experimentation satisfies consumers' thirst for novelty while also enabling firms to project an image of innovation and appeal to a more sophisticated market.  Consumers willingness to venture beyond the familiar is evidenced by the rise of foreign flavours in crunchy chocolate, which is reflective of a larger cultural trend of embracing new experiences.

Premiumisation and Gifting

• Crunchy chocolate is giving up its image as an ordinary food and becoming a high-end gift. Numerous reasons contribute to this trend. First of all, the idea of crunchy chocolate as a casual pleasure is elevated to one of exquisite delight by the use of premium ingredients such as gourmet nuts, dried fruits, and cocoa beans sourced ethically. Second, gift-givers looking for a unique presentation are drawn to the distinct quality and artistry that artisanal chocolate manufacturers and boutique brands offer. Premium crunchy chocolate is also perfect for festivities and special events because of its creative flavour combinations and aesthetically pleasing packaging. This tendency is indicative of a larger societal change away from useful gifts and towards experience gifting, where the emphasis is on providing a special and memorable presentation. This has led to a trend where discerning buyers looking to wow with their gift selections are turning to crispy chocolate.

Market Restraining Factors-

Fluctuating Prices of Raw Materials, Such as Cocoa and Nuts

• The price volatility of major ingredients, especially cocoa and nuts, presents a substantial challenge to the crunchy chocolate business. Manufacturers' profit margins may be squeezed by these swings, which can have a substantial effect on manufacturing costs. Particularly vulnerable to global variables including weather patterns, political unrest in important growing regions, and interruptions in the supply chain are cocoa prices.  In a similar vein, variables including trade policies, pest infestations, and crop yields can cause fluctuations in nut prices.  Manufacturers are forced to make tough choices when the cost of certain raw materials increases. They can lower their profit margins by absorbing the cost rise. Or, they may increase consumer pricing, which would reduce affordability and the demand for crunchy chocolate as a whole.  Reformulating items using less expensive ingredients is another possibility, but this may degrade the taste and quality and turn off customers.  For the crunchy chocolate industry to be sustainable over the long haul, it is imperative to control the volatility of raw material prices.

Report Coverage:

The report will cover the qualitative and quantitative data on the global Crunchy Chocolate Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

By Type (Bar, Toffee Bites, Truffles, Balls, Others), By Age Group (Millennial, Gen A/Z, Gen X/Boomers), By Price Point (Mainstream, Premium), By Distribution Channel (Supermarket/Hypermarket, Convenience stores, Dollar Stores, Food Services, Duty-free Outlets, E-Commerce, Others)

Report Scope and Segmentations:

List of Companies Profiled:

• Barry Callebaut
• Cargill
• Ferrero
• Ezaki Glico
• Nestle
• Mars
• Mondelez
• Blommer
• Brookside
• Hershey's
• Valrhona
• Foley’s Candies LP
• Guittard Chocolate Company
• Olam
• CEMOI
• Alpezzi Chocolate
• Storck
• Amul
• FREY
• Crown

Key Industry Developments:

August 2023, Lotte Corporation partnered with DLT Labs to promote sustainability and ethical practices in the cacao bean supply chain. Lotte is commencing its pilot project on the traceability of cacao beans from Ghana and child labor monitoring using blockchain technology.

July 2023, Ferrero's sister company, Ferrara Candy Co., announced the acquisition of Brazilian snacks company Dori Alimentos, which sells a variety of chocolate and sugar confectionery brands, including Dori, Pettiz, and Jubes.

February 2023, The Hershey Company launched limited-edition chocolate bars to honor the celebration of International Women’s Day.

Crunchy Chocolate Market Segmentation Analysis:

Crunchy Chocolate Type Outlook

• Bar
• Toffee Bites
• Truffles
• Balls
• Others

Crunchy Chocolate Distribution Channel Outlook

• Supermarket/Hypermarket
• Convenience stores
• Dollar Stores
• Food Services
• Duty-free Outlets
• E-Commerce
• Others

Crunchy Chocolate Age Group Outlook

• Millennial
• Gen A/Z
• Gen X/Boomers

Crunchy Chocolate Price Point Outlook

• Mainstream
• Premium

Segmentation Insights:

The market scope is segmented because of by Resin Type, by Technology, by Application.

By Resin Type

Based on the Type of the market is segmented into Bar, Toffee Bites, Truffles, Balls, Others.

Based on type, the Crunchy Chocolate Market is segmented into bars, toffee pieces, truffles, balls, and other products. The global market in 2022 was dominated by the pub segment. It is projected that rising consumer awareness of crunchy dark chocolate bars as healthful treats with antioxidants that protect the skin from UV rays would support market expansion in the upcoming years. Customers are starting to favour crunchy chocolate bars more and more because of their crispiness and fun element. One candy bar that has this name, the Crunch Bar, is sold by the Nestlé Company. It is fashioned like a slightly flat square of milk chocolate and has the word "Nestlé Crunch" printed in moulded chocolate on the front. Crisped rice, a popular component of chocolate confections, is included in the Crunch Bar.

By Age Group

Based on the Age Group of the market is segmented into Millennial, Gen A/Z, Gen X/Boomers.

Age-group-based market segmentation for crunchy chocolate includes millennials, gen a/z, and gen x/boomers. The Crunchy Chocolate Market was led by the Millennial Segment in 2022. Around the world, chocolate plays a big role in a lot of events centred around millennials. The majority of millennials in the West include a small but probably growing amount of chocolate in their diets.

By Price Point

Based on the Price Point of the market is segmented into Mainstream, Premium.

Regular and premium are included in the price point-based segmentation of the crunchy chocolate market. Crunchy Chocolate Market: In 2022, the Mainstream Segment Held Majority. Larger populations in developing countries tend to find more affordable products in the mainstream market segment. Crunchy chocolate is categorised as entry-level goods in any category and is usually sold at a discount. Candy and chocolates in particular may be impulsive purchases, but for the majority of customers, they have become everyday staples.

By Distribution Channel

Based on the Distribution Channel of the market is segmented into Supermarket/Hypermarket, Convenience stores, Dollar Stores, Food Services, Duty-free Outlets, E-Commerce, Others.

Supermarkets/hypermarkets, convenience stores, dollar stores, food services, duty-free shops, e-commerce, and other businesses are included in the supply channel segmentation of the crunchy chocolate market. The global market was led in 2022 by the supermarket/hypermarket category. The growth of the supermarket/hypermarket segment in the crunchy chocolate market is attributed to the expanded use of these establishments in both developed and emerging nations. Customers also find these retail layouts to be a highly popular option because they provide a one-stop shopping experience.

Regional Snapshots:

North America, Europe, Asia-Pacific, and the rest of the world are the regions for which the study offers market insights. 2022 saw a 45.80% market dominance for Crunchy Chocolate in Europe. Crunchy chocolate producers in Spain work much in R&D and innovation to create products that appeal to consumers and offer personalised experiences. Concerned about the potential health risks associated with high sugar consumption, European consumers are becoming more knowledgeable about sugar substitutes and sugar-free products. Furthermore, the development of the crunchy chocolate market is aided by innovation in flavours, shapes, textures, and pack sizes. The European Crunchy Chocolate market was led by the German market, which held the biggest market share, while the U.K. market had the quickest growth rate.

Additional important nations included in the market report include China, Japan, India, Australia, South Korea, Brazil, Germany, France, the UK, Italy, and Spain.

Crunchy Chocolate Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions:

• How much the global Crunchy Chocolate Market valued?
• Which region has the largest share in 2024 for the global Crunchy Chocolate Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Crunchy Chocolate Market:

• Historic year: 2018- 2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million

Crunchy Chocolate Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: