According to the latest report by IMARC Group, entitled “Caramel Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global caramel chocolate market reached a value of around US$ 4 Billion in 2017, expanding at a CAGR of nearly 8% during 2010-2017. Caramel chocolate refers to a type of confectionary product which has a roasted flavor due to the caramelization of chocolate. This roasted flavor makes the taste profile of white chocolate complex by giving it more depth and reducing the overall sweetness. Owing to this, caramel chocolate finds widespread applications in desserts like cakes, custards, ice creams and doughnuts. Moreover, due to the mounting popularity of gourmet sea salts, the demand for salted caramel chocolate treats is proliferating at a rapid pace.
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Market Trends:
As the sweet and salty combination has emerged as a significant dessert trend across the globe, there has been a rise in the demand for salted caramel chocolate products such as cupcakes, cookies, coffee drinks, martinis, pumpkin pies, truffle ice creams and nut protein bars. Another growth-inducing trend is the introduction of premium products which have better flavor and quality. Escalating disposable incomes and altering lifestyles have encouraged the consumers to splurge on premium food products, thereby catalyzing the growth of the caramel chocolate market. Further, rising health-consciousness amongst consumers has resulted in the burgeoning demand for caramel chocolates as they contain a lesser amount of fats and artificial sugar. In line with this, manufacturers are providing smaller-sized portions of caramel chocolate products for the consumers who wish to monitor their calorie intake. As a result of the aforementioned factors, the market value is projected to exceed US$ 6 Billion by 2023.
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Market Summary:
Browse related reports:
Global Dark Chocolate Market Report 2018-2023: https://www.imarcgroup.com/dark-chocolate-market
Global Crunchy Chocolate Market Report 2018-2023: https://www.imarcgroup.com/crunchy-chocolate-market
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