+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Crunchy Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

  • PDF Icon

    Report

  • 148 Pages
  • July 2023
  • Region: Global
  • IMARC Group
  • ID: 5530416

Quick Summary:

As leaders in the confectionery industry, you are undoubtedly familiar with the growing consumer demand for crunchy chocolate and its numerous applications. The global crunchy chocolate market is seeing substantial growth, making it increasingly relevant for strategic decision-making and forward planning. This comprehensive market research report provides crucial insights into this burgeoning area of consumer interest.

It explores how the rising popularity of healthy snacking options, the growing number of e-commerce brands offering organic and vegan variants, and the increase of establishments like hotels, restaurants, and cafes are driving forces behind the market's expansion. It further investigates the trend of energy bars suppressing appetite, thereby contributing to the increased demand for crunchy chocolate.

Understanding consumer behaviors and the competitive landscape is paramount in establishing a successful business strategy. This report offers comprehensive coverage on market trends, competitive dynamics, and strategic analysis, ensuring you have the most relevant information to inform your decisions. The global crunchy chocolate market is not one to be overlooked in your pursuit of business growth and operational excellence.

The global crunchy chocolate market size reached US$ 3.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028. The growing popularity of healthy snacking among fitness enthusiasts and athletes, increasing number of e-commerce brands selling organic and vegan product variants, and rising construction of hotels, restaurants, cafes, and baristas serving coffee, smoothies, and shakes represent some of the key factors driving the market.

Rising Consumption of Energy Bars to Suppress Appetite Impelling Market Growth

Energy bars are capable of suppressing appetite for a long time due to the presence of various nutritious contents, such as nuts, dry fruits, rice, and quinoa crisps. They also contain dark chocolate, which is rich in copper, magnesium, zinc, and flavonoids and has anti-inflammatory and antioxidant properties. They are widely consumed by fitness enthusiasts to fulfill their sweet cravings and gain energy before working out. Furthermore, as energy bars come in convenient packaging and can be consumed on the go, their demand is increasing around the world.

Increasing Construction of Hotels, Restaurants, and Cafes Driving Demand for Crunchy Chocolate

Hotels, restaurants, and cafes serve a wide variety of drinks, including shakes and smoothies, which require crunchy chocolate. Crunchy chocolate containing wafers, nuts, dry fruits, and rice crisps add the required grittiness to the drink and helps to thicken the consistency. It is often combined with ice cream, milk, cream, chocolate syrup, ice, coffee, and various types of fruits and blended to achieve a smooth consistency. Crunchy chocolate in dark variant are often added to protein shakes or healthy drinks to enhance their flavor. They also provide adequate amounts of energy to gymgoers and fitness enthusiasts for working out in the gym. Moreover, there is a rise in the trend of working from cafes or conducting meetups in restaurants. This, along with the increasing travel activities among the masses, is contributing to the growth of the crunchy chocolate market.

What is Crunchy Chocolate?

Crunchy chocolate is a dessert item that is shaped like a bar and manufactured by mixing melted chocolate with various other ingredients to provide a gritty texture. It comprises walnuts, almonds, peanuts, pecans, cashews, raisins, wafers, rice crisps, and chocolate chips to provide a crunchy texture. It is often mixed with various berries, such as blueberries, strawberries, and raspberries, to enhance their texture and add an innovative flavor. It is available in a wide variety of flavors, including honey, caramel, hazelnut, cinnamon, and butterscotch. It is consumed in bar forms or in small chunks, which are wrapped with aluminum foil paper to provide protection from dust, dirt, and microorganisms. It is also available in low-calorie variants wherein dark chocolate is used instead of sweetened milk chocolate. It can be easily prepared at home by melting sweetened or dark chocolate and combining it with any type of dry fruits or nuts, rice crisps, pieces of wafers, or quinoa crisps, followed by pouring the mixture into molds and freezing it to form bars. Crunchy chocolate is widely utilized in preparing smoothies, frappes, and various other sweet drinks, where they are crushed to thicken the consistency of the drinks. It is also used as toppings for a wide range of baked products, such as cakes, cupcakes, pastries, brownies, cheesecakes, and doughnuts. Furthermore, crunchy chocolate is often added to ice creams to improve their texture and flavor and used to make chocolate sandwiches.

COVID-19 Impact:

The outbreak of COVID-19 negatively impacted the crunchy chocolate industry to a great extent as production and supply-chain facilities faced hindrances. During the onset of the pandemic, in-home consumption of crunchy chocolate witnessed a steep rise as individuals bought groceries and snacks in bulk from supermarkets and hypermarkets. However, various processing plants faced hindrances in their operations due to the unavailability of labor and raw material. There were complications associated with quality checks and certification, as the skilled workforce was unavailable. Supply chain and logistics also faced various complications due to the implementation of lockdowns around the world. Raw material and other necessary components were not available, as roads were closed, and social distancing was declared mandatory. Also, sales declined and this resulted in the reduced gifting and impulse buying among customers across the globe. Nonetheless, there were a number of sales taking place via e-commerce platforms from where customers were buying crunchy chocolates and getting them delivered to their doorstep. Towards the end of the pandemic, traveling activities also resumed, which enabled tourists to purchase chocolates from shops located in airports and also as souvenirs while traveling to places.

Crunchy Chocolate Market Trends:

At present, the increasing demand for crunchy chocolate, as it is flavorful, convenient, and easily available, represents one of the primary factors influencing the growth of the market. Besides this, the rising consumption of energy bars or protein bars, which are composed of quinoa, rice crips, corn flakes, dry fruits, and dark chocolate, is contributing to the growth of the market. Apart from this, the increasing number of e-commerce brands selling organic chocolate and vegan chocolate made from cacao beans and free from any animal milk is supporting the growth of the market. Additionally, the rising construction of hotels, restaurants, cafes, and baristas serving coffee, smoothies, and shakes to customers is strengthening the growth of the market. Moreover, the wide availability of gluten-free and sugar-free premium quality crunchy chocolates through various supermarkets and hypermarkets is positively influencing the market. Furthermore, the increasing preferences for gifting premium chocolates for various occasions, such as birthdays, get-togethers, anniversaries, and weddings, is bolstering the growth of the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each segment of the global crunchy 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.

Distribution Channel Insights:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Non-Grocery Retailers
  • Others
The report has provided a detailed breakup and analysis of the crunchy chocolate market based on the distribution channel. This includes supermarkets and hypermarkets, convenience stores, non-grocery retailers, and others. According to the report, supermarkets and hypermarkets represented the largest segment, as they keep an extensive range of crunchy chocolates.

Supermarkets and hypermarkets are huge stores selling an extensive range of fast-moving consumer goods (FMCG) products. They also provide various offers and discounts on their products and conduct seasonal sales for their customers. They keep a wide range of chocolate products, including crunchy chocolate. They provide an abundant amount of variety in the crunchy chocolate section, along with various premium varieties, which enables customers to get something according to their preferences. They also sell vegan crunchy chocolates with low-calorie and sugar-free chocolates.

A convenience store is a small shop with a limited section of various items, such as snacks, packaged foods, and drugstore products, and it is open for long hours for the convenience of shoppers. It enables customers to purchase chocolates even late in the night and provide them with an ample amount of variety.

Non-grocery retailers consist of retail shops selling drugstore items and beauty products, pharmacies, and others who do not keep grocery items. However, they often keep a small section of snacks or convenient food products from where consumers can purchase crunchy chocolate while visiting their stores.

Other places selling chocolates include bakery and confectionary stores, premium chocolate shops in airports, and cafes and restaurants selling their own range of hand-made chocolates.

Regional Insights:

  • Western Europe
  • North America
  • Eastern Europe
  • Asia
  • Latin America
  • Middle East and Africa
  • Australasia
The report has also provided a comprehensive analysis of all the major regional markets, which include Western Europe, North America, Eastern Europe, Asia, Latin America, Middle East and Africa, and Australasia. According to the report, Western Europe was the largest market for crunchy chocolate. Some of the factors driving the Western Europe crunchy chocolate market included the growing availability of premium quality, smooth, and rich chocolate, rising preferences of tourists to purchase chocolates as souvenirs, and the escalating demand for chocolates in various confectionaries and bakeries. Besides this, the rising popularity of Belgium chocolate around the world and the increasing integration of Belgium chocolate in ice creams, waffles, pancake mixes, and baked products are propelling the growth of the market in Western Europe. In addition, the increasing utilization of premium quality chocolates in preparing various European desserts is contributing to the growth of the market.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global crunchy chocolate market. Some of the companies covered in the report include:
  • Mars Inc
  • Mondelez International Inc
  • Nestle SA
  • Ferrero Group
  • Hershey Foods Corp
  • Grupo Arcor
Please note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. What was the size of the global crunchy chocolate market in 2022?
2. What is the expected growth rate of the global crunchy chocolate market during 2023-2028?
3. What are the key factors driving the global crunchy chocolate market?
4. What has been the impact of COVID-19 on the global crunchy chocolate market?
5. What is the breakup of the global crunchy chocolate market based on the distribution channel?
6. What are the major regions in the global crunchy chocolate market?
7. Who are the key companies/players in the global crunchy chocolate market?
Frequently Asked Questions about the Global Crunchy Chocolate Market

What is the estimated value of the Global Crunchy Chocolate Market?

The Global Crunchy Chocolate Market was estimated to be valued at $3.2 Billion in 2022.

What is the growth rate of the Global Crunchy Chocolate Market?

The growth rate of the Global Crunchy Chocolate Market is 2.9%, with an estimated value of $3.8 Billion by 2028.

What is the forecasted size of the Global Crunchy Chocolate Market?

The Global Crunchy Chocolate Market is estimated to be worth $3.8 Billion by 2028.

Who are the key companies in the Global Crunchy Chocolate Market?

Key companies in the Global Crunchy Chocolate Market include Leroy Seafood, High Liner Foods, Marine Harvest, Iglo Group, Austevoll Seafood and Fishery Products International.

Table of Contents

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 Crunchy 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 Breakup by Region
6.6 Market Breakup 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 Crunchy 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 Crunchy Chocolate Manufacturing Plant: Loans and Financial Assistance
13 Crunchy 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
14.1 Mars Inc
14.2 Mondelez International Inc
14.3 Nestle SA
14.4 Ferrero Group
14.5 Hershey Foods Corp
14.6 Grupo Arcor
List of Figures
Figure 1: Global: Crunchy Chocolate Market: Major Drivers and Challenges
Figure 2: Global: Chocolate Market: Sales Volume (in Million Tons), 2017-2022
Figure 3: Global: Chocolate Market: Sales Value (in Billion US$), 2017-2022
Figure 4: Global: Chocolate Market: Breakup by Region (in %), 2022
Figure 5: Global: Chocolate Market: Breakup by Product (in %), 2022
Figure 6: Global: Chocolate Market: Breakup by Packaging (in %), 2022
Figure 7: Global: Chocolate Market: Breakup by End-Use (in %), 2022
Figure 8: Global: Chocolate Market: Share of Key Players (in %), 2022
Figure 9: Global: Chocolate Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 10: Global: Chocolate Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 11: Global: Crunchy Chocolate Market: Sales Volume (in Million Tons), 2017-2022
Figure 12: Global: Crunchy Chocolate Market: Sales Value (in Billion US$), 2017-2022
Figure 13: Crunchy Chocolate Market: Price Structure
Figure 14: Global: Crunchy Chocolate Market: Average Prices (in US$/Ton), 2017-2022
Figure 15: Global: Crunchy Chocolate Market Forecast: Average Prices (in US$/Ton), 2023-2028
Figure 16: Global: Crunchy Chocolate Market: Breakup by Region (in %), 2022
Figure 17: Global: Crunchy Chocolate Market: Breakup by Distribution Channel (in %), 2022
Figure 18: Global: Crunchy Chocolate Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 19: Global: Crunchy Chocolate Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 20: Global: Crunchy Chocolate Industry: SWOT Analysis
Figure 21: Global: Crunchy Chocolate Industry: Value Chain Analysis
Figure 22: Global: Crunchy Chocolate Industry: Porter’s Five Forces Analysis
Figure 23: Global: Crunchy Chocolate Market Forecast: Breakup by Region (in %), 2028
Figure 24: Western Europe: Crunchy Chocolate Market: Sales Volume (in Tons), 2017 & 2022
Figure 25: Western Europe: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2023-2028
Figure 26: North America: Crunchy Chocolate Market: Sales Volume (in Tons), 2017 & 2022
Figure 27: North America: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2023-2028
Figure 28: Eastern Europe: Crunchy Chocolate Market: Sales Volume (in Tons), 2017 & 2022
Figure 29: Eastern Europe: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2023-2028
Figure 30: Asia: Crunchy Chocolate Market: Sales Volume (in Tons), 2017 & 2022
Figure 31: Asia: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2023-2028
Figure 32: Latin America: Crunchy Chocolate Market: Sales Volume (in Tons), 2017 & 2022
Figure 33: Latin America: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2023-2028
Figure 34: Middle East and Africa: Crunchy Chocolate Market: Sales Volume (in Tons), 2017 & 2022
Figure 35: Middle East and Africa: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2023-2028
Figure 36: Australasia: Crunchy Chocolate Market: Sales Volume (in Tons), 2017 & 2022
Figure 37: Australasia: Crunchy Chocolate Market Forecast: Sales Volume (in Tons), 2023-2028
Figure 38: Global: Crunchy Chocolate Market: Sales through Supermarkets and Hypermarkets (in Tons), 2017 & 2022
Figure 39: Global: Crunchy Chocolate Market Forecast: Sales through Supermarkets and Hypermarkets (in Tons), 2023-2028
Figure 40: Global: Crunchy Chocolate Market: Sales through Convenience Stores (in Tons), 2017 & 2022
Figure 41: Global: Crunchy Chocolate Market Forecast: Sales through Convenience Stores (in Tons), 2023-2028
Figure 42: Global: Crunchy Chocolate Market: Sales through Non-Grocery Retailers (in Tons), 2017 & 2022
Figure 43: Global: Crunchy Chocolate Market Forecast: Sales through Non-Grocery Retailers (in Tons), 2023-2028
Figure 44: Global: Crunchy Chocolate Market: Sales through Other Distribution Channels (in Tons), 2017 & 2022
Figure 45: Global: Crunchy Chocolate Market Forecast: Sales through Other Distribution Channels (in Tons), 2023-2028
Figure 46: Crunchy Chocolate Manufacturing: Detailed Process Flow
Figure 47: Crunchy Chocolate Manufacturing: Conversion Rate of Feedstocks
Figure 48: Crunchy Chocolate Manufacturing: Breakup of Capital Costs (in %)
Figure 49: Crunchy Chocolate Production: Manufacturing Cost Breakup (in %)
Figure 50: Crunchy Chocolate Manufacturing Plant: Margins Across Various Stages of the Supply Chain
List of Tables
Table 1: Global: Chocolate Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Crunchy Chocolate Market: Key Industry Highlights, 2022 and 2028
Table 3: Global: Crunchy Chocolate Market Forecast: Breakup by Region (in Tons), 2023-2028
Table 4: Global: Crunchy Chocolate Market Forecast: Breakup by Distribution Channel (in Tons), 2023-2028
Table 5: Global: Crunchy Chocolate Market: Competitive Structure
Table 6: Crunchy Chocolate Manufacturing Plant: Raw Material Requirements (in Tons/Day)
Table 7: Crunchy Chocolate Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 8: Crunchy Chocolate Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 9: Crunchy Chocolate Manufacturing Plant: Machinery Costs (in US$)
Table 10: Crunchy Chocolate Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (US$/Ton)
Table 11: Crunchy Chocolate Manufacturing Plant: Costs Related to Utilities (in US$)
Table 12: Crunchy Chocolate Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 13: Crunchy Chocolate Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 14: Crunchy Chocolate Manufacturing Plant: Capital Costs (in US$)
Table 15: Crunchy Chocolate Manufacturing Plant: Techno-Economic Parameters
Table 16: Crunchy Chocolate Manufacturing Plant: Taxation (in US$)
Table 17: Crunchy Chocolate Manufacturing Plant: Depreciation (in US$)
Table 18: Crunchy Chocolate Manufacturing Plant: Income Projections (in US$)
Table 19: Crunchy Chocolate Manufacturing Plant: Expenditure Projections (in US$)
Table 20: Crunchy Chocolate Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 21: Crunchy Chocolate Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 22: Crunchy Chocolate Manufacturing Plant: Profit and Loss Account (in US$)

Companies Mentioned

  • Mars Inc
  • Mondelez International Inc
  • Nestle SA
  • Ferrero Group
  • Hershey Foods Corp
  • Grupo Arcor

Methodology

Loading
LOADING...