According to the latest report by IMARC Group, titled “Asia Pacific Caramel Chocolate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the caramel chocolate market size in Asia Pacific reached a strong growth in 2019. Caramel chocolate is a confectionary item prepared from caramel, milk, fat, sugar, corn syrup, nuts, fruits, nougat, etc. Due to the soft texture of caramel, it can be molded easily and turned into several forms, such as candies or candy bars, cake frosting, gourmet cocoa and coffee. Caramel chocolate is also adopted as a flavoring agent in various confectionery products, such as cakes, custards, biscuits, croissants, and donuts. As a result, there has been a prominent rise in the sales of caramel chocolate across the Asia Pacific region.
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The Asia Pacific region represents one of the largest markets for caramel chocolate globally, primarily driven by the expanding food and beverage industry. Caramel chocolate is used to prepare several toppings or sauces for ice creams, cakes and drinks, such as shakes, smoothies, and coffees. Apart from this, rapid globalization, increasing consumer disposable income levels, and the wide presence of caramel chocolate across both online and offline distribution channels have also propelled the product demand. Moreover, the rising consumer health concerns, along with the growing inclination towards low-calorie confectionary products have compelled the manufacturers to produce premium and healthier product variants. All of the above-mentioned products will continue to bolster the market growth in the Asia Pacific region over the coming years.
Market Breakup by Product Type:
- Cookies
- Cupcakes
- Martinis
- Pumpkin Pies
- Coffee Drinks
- Truffle Ice Creams
- Nut Protein Bars
- Supermarkets and Hypermarkets
- Convenience Stores
- Non-Grocery Retailers
- Others
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry 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.
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