According to the latest report by IMARC Group, titled “United States Caramel Chocolate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the caramel chocolate market size in United States reached a strong demand in 2019. Caramel chocolate is usually made up of caramel, nougat, nuts, fruits, and white chocolate. It provides a unique flavor and enhanced quality, thereby is sold at a higher price than other milk chocolates. In the United States, caramel chocolate has gained immense popularity as a flavoring agent and condiment for confectionery and bakery items. It is commonly used in cakes, pastries, croissants, candies, etc.
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The expanding food and beverage sector in the United States is currently bolstering the demand for caramel chocolate. Furthermore, the rising health consciousness among the consumer has compelled the manufacturers to introduce caramel chocolate with lower fat and sugar content. Additionally, the wide availability of smaller chocolate packs for calorie-conscious consumers is also driving the market growth in the country. Moreover, the rising product sales via online platforms, along with the emergence of innovative chocolate variants with improved taste and quality, is further expected to propel the market for caramel chocolate in the United States.
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Non-Grocery Retailers
- Others
- Northeast
- Midwest
- South
- West
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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