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The global crunchy chocolate market size was approximately USD 31.17 billion in 2023. The market is further projected to grow at a CAGR of 5.4% between 2024 and 2032, reaching a value of USD 49.88 billion by 2032.
Crunchy chocolates are sweet desserts that are composed of malt, sugar, cocoa, condensed milk, and nuts and almonds. Chocolates are known to provide energy, control stress, and prevent ageing. They boost cognitive functions of the brain by improving blood flow and also reduce the risk of blood clots, thereby improving heart health.
On the basis of type, the market is segmented into bars, toffee bites, balls, and truffles, among others. Based on price point, the market can be bifurcated into premium and mainstream.
On the basis of distribution channel, the crunchy chocolate market segmentation includes supermarkets/hypermarkets, convenience stores, and online channels, among others.
The major regional markets for crunchy chocolates are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global crunchy chocolate market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Growing health consciousness and a desire for rich flavours and improved sensory experience are driving consumers towards premium chocolates, which, in turn, contributes to the crunchy chocolate market demand. Premium chocolate products are prepared using signature rich caramel, tree nuts (almonds, coconut, walnuts), and other clean ingredients, delivering an elevated flavour and nutritional profile.
Governments of many European countries and the UK also support the production of cocoa rich chocolates with low sugar content, issuing stringent guidelines and production standards for manufacturers. This is to prevent widespread obesity and health related issues among citizens and ensure high product quality. Moreover, with rising disposable incomes of people, premium chocolate boxes are becoming a durable gifting option for different occasions. As a result, the premium category for crunchy chocolates is expected to witness a significant expansion in the forecast period.
Europe is one of the leading chocolate consumers in the world, supported by increasing preference for healthier and indulgent confectionery and the presence of strong chocolate processing and manufacturing industries. Many popular chocolate brands are present in the region that follow high quality standards for manufacturing chocolates, for example, Perugina and Caffarel in Italy, Godiva Chocolates in Belgium, and Tortchen in Germany. The per person consumption of chocolate in some European countries is also very high, like in Switzerland and Austria.
As per the crunchy chocolate market analysis, the inclination of the masses towards chocolate and chocolate-based products is expected to grow and penetrate deeper in European countries, further helping premium brands increase their market share by providing innovative offerings like bean-to-bar products. These factors favour the market for crunchy chocolates in Europe.
North America is expected to be another major market for the product. The USA and Canada, both are among the top ten countries in the world in terms of chocolate consumption. Meanwhile, the Asia Pacific is anticipated to witness a surge in the presence of food manufacturers specialising in chocolate and confectionery production. This is supported by evolving consumer choices in the region, which creates opportunities for businesses to foray into the premium category and expand their offerings.
Ferrero International SA was found in Piedmont, Italy in 1946. The company specialises in the production of jams, chocolates, and sandwich spreads, among other confectionery products. Some of its most iconic brands include Nutella, Ferrero Rocher, Kinder Bueno, and Kinder Joy. It has a presence in more than 170 countries and continously works on improving its research and development process. In 2022, it invested 733 million euros in Italy and 17 million euros in USA, Germany, and Poland to scale up production capacity.
Mondelez International Inc was found in Chicago, Illinois in 1923. It is the world's second largest producer of chocolates and the biggest producer of biscuits. It has a presence in more than 80 countries and encourages people to snack right by offering sustainable options in over 150 countries. It also makes gums, candies, and powdered beverage products. Some of its most popular brands are Oreo, Ritz, and Cadbury Dairy Milk.
Nestlé S.A was found in Vevey, Vaud, Switzerland in 1866. It is a multinational conglomerate that manufactures various food products and beverages. It has a presence in more than 80 countries and since 2014, it has been the largest publicly held food company in the world. Apart from chocolates, it also makes ice cream, candies, instant tea and coffee powder, and also has a business unit operating in the field of healthcare and nutrition.
Other players in the crunchy chocolate market are Mars, Incorporated, A.Loacker AG/SPA, Chocoladefabriken Lindt & Sprüngli AG, Arcor SAIC, Meiji Holdings Co., Ltd., Pladis Foods Ltd., and Ezaki Glico Co., Ltd., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Price Point |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Crunchy Chocolate Market Analysis
8.1 Key Industry Highlights
8.2 Global Crunchy Chocolate Historical Market (2018-2023)
8.3 Global Crunchy Chocolate Market Forecast (2024-2032)
8.4 Global Crunchy Chocolate Market by Type
8.4.1 Bar
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Toffee Bites
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Balls
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Truffles
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Crunchy Chocolate Market by Price Point
8.5.1 Premium
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Mainstream
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Crunchy Chocolate Market by Distribution Channel
8.6.1 Supermarkets/Hypermarkets
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Convenience Stores
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Online Channels
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Crunchy Chocolate Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Crunchy Chocolate Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Crunchy Chocolate Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Crunchy Chocolate Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Crunchy Chocolate Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Crunchy Chocolate Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Nestlé S.A
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Ferrero International SA
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Mondelez International Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Mars, Incorporated
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 A. Loacker AG/SPA
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Chocoladefabriken Lindt & Sprüngli AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Arcor SAIC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Meiji Holdings Co., Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Pladis Foods Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Ezaki Glico Co., Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Crunchy Chocolate Market: Key Industry Highlights, 2018 and 2032
2. Global Crunchy Chocolate Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Crunchy Chocolate Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Crunchy Chocolate Historical Market: Breakup by Price Point (USD Billion), 2018-2023
5. Global Crunchy Chocolate Market Forecast: Breakup by Price Point (USD Billion), 2024-2032
6. Global Crunchy Chocolate Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Global Crunchy Chocolate Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Global Crunchy Chocolate Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Crunchy Chocolate Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Crunchy Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Crunchy Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Crunchy Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Crunchy Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Crunchy Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Crunchy Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Crunchy Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Crunchy Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Crunchy Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Crunchy Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Crunchy Chocolate Market Structure
In 2023, the market reached an approximate value of USD 31.17 billion.
The market is estimated to grow at a CAGR of 5.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 49.88 billion by 2032.
The market is being driven by the growing demand for ready-to-eat and packaged food items, rising consumer disposable income, and growing demand for indulgence products offering improved sensory experience.
The key trends aiding the market expansion include growing preference for chocolate and chocolate-based products over traditional sweets, rising health consciousness among consumers and subsequent demand for plant-based and organic offerings, and increasing product innovations by manufactures.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on price point, crunchy chocolates are segmented into two categories which include premium and mainstream.
The major players in the market are Nestlé S.A, Ferrero International SA, Mondelez International Inc., Mars, Incorporated, A.Loacker AG/SPA, Chocoladefabriken Lindt & Sprüngli AG, Arcor SAIC, Meiji Holdings Co., Ltd., Pladis Foods Ltd., and Ezaki Glico Co., Ltd., among others.
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