Market Overview
The Global Chocolate Sprinkles Market is expected to grow at a CAGR of 4.32% and is expected to reach a valuation of USD 1,591.4 Million by the end of the forecast period. Chocolate sprinkles are little chunks of chocolate that are commonly used as a topping on baked goods and cakes. They come in a variety of colors and are commonly used to decorate baked goods and cakes for special events such as anniversaries, birthdays, and other celebrations. Over the forecast period, expansion in the confectionery and bakery applications is expected to boost worldwide chocolate sprinkles market demand. The expanding popularity of individuals using chocolate sprinkles to decorate bakery and dessert products is boosting demand for chocolate sprinkles all over the world, which is expected to help the target market's growth.
Furthermore, the rising demand for bakery products and cakes on various occasions such as Christmas parties, Valentine's Day, birthdays, anniversaries, and others is rising demand for chocolate sprinkles, which is regarded as another important factor driving the worldwide Chocolate Sprinkles Market. Consumer expenditure on various bakeries, sweets, confectionery, and other items is increasing, as is people's need for specially designed and customized food and beverage products, which is ultimately driving demand for chocolate sprinkle markers around the world. In addition, the growing need for a variety of textures and flavors in pastries, cakes, and ice creams, as well as the constant introduction of new bakery goods around the world, is driving the demand for chocolate sprinkles.
Market Segmentation
Based on the Packaging types, the Global Chocolate Sprinkles Market has been segmented into Jars, Pouches, and others.
Based on the Application, the Global Chocolate Sprinkles Market has been segmented into Dairy & Frozen Desserts, Bakery & Confectionery, and Others.
Based on the Sales Channel, the Global Chocolate Sprinkles Market has been segmented into Supermarkets & Hypermarkets, E-commerce, and Specialty Stores.
Based on the Region, the Global Chocolate Sprinkles Market has been segmented into North America, Europe, Asia-Pacific, Latin America, The Middle East, and Africa.
Regional Classification
Due to a growing taste for sprinkles in a variety of bakery items, Europe Chocolate Sprinkles Market is expected to dominate the global market. Furthermore, customers in this region are increasingly preferring sprinkles in frozen desserts and ice creams, which is driving up demand for chocolate sprinkles. Due to the growing bread business in the Asia-Pacific, the market is likely to grow rapidly.
The leading chocolate sprinkles market manufacturers are expected to benefit from increased demand in the Asia-Pacific and the Middle East developing countries. Consumers' increased disposable income, together with expanding demand for dairy and baked goods, is expected to boost chocolate sprinkles market sales significantly.
Industry News
The major Key Chocolate Sprinkles Market Players in the market are Barry Callebaut AG (Switzerland), Carroll Industries NZ Ltd. (New Zealand), Paulaur Corporation (the U.S.), General Mills, Inc. (the U.S.), Delfi Limited (Singapore), Mondelez International, Inc. (the U.S.), Golden Fluff, Inc. (the U.S.), CK Products, LLC (the U.S.), Girrbach Süsswarendekor GmbH (the U.S.), and Lotus Chocolate Co. Ltd. (India).
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