Chocolate Sprinkles Market Analysis Key Trends And Opportunity Areas

Chocolate Sprinkles Market is estimated to reach USD 1,591.4 Million mark by 2023, as per the findings of Market Research Future (MRFR). The market is projected to grow at 4.32% CAGR from 2018 to 2023 (forecast period) due to the significant growth of bakery and confectionery industry.

Market Overview:

Chocolate Sprinkles Market is estimated to reach USD 1,591.4 Million mark by 2023, as per the findings of Market Research Future (MRFR). The market is projected to grow at 4.32% CAGR from 2018 to 2023 (forecast period) due to the significant growth of bakery and confectionery industry. The use of sprinkles as decorative toppings on cakes, pastries, and other baked goods supports the growth rate. Increasing demand for donuts and pastries at affordable prices offers opportunities to the market.

Visual appeal of food items has played a major role in the purchasing decision of consumers. Changing dining experiences and rise in expendable income levels of consumers is driving the market demand. Moreover, preference for new flavors, and tastes and high demand for decorative products are likely to spur the Chocolate Sprinkles Market Analysis till 2023. Addition of sprinkles in alcoholic and non-alcoholic beverages is projected to widen the scope of the market.

Chocolate Sprinkles Market - Competitive Analysis:

The global market for chocolate sprinkles has an incredibly competitive landscape. The players across the market are cantered on developing their global market footprint by implementing several growth strategies such as collaborations, partnerships, and product innovations. The list of prominent leaders in the global market for chocolate sprinkles includes Mondelēz International, Inc. (U.S.), General Mills, Inc. (U.S.), Carroll Industries NZ Ltd. (New Zealand), Delfi Limited (Singapore), Paulaur Corporation (U.S.), Barry Callebaut AG (Switzerland), Lotus Chocolate Co. Ltd. (India), CK Products, LLC (U.S.), Golden Fluff, Inc. (U.S.), Girrbach Süsswarendekor GmbH (U.S.), and several others.

Chocolate Sprinkles Market - Segmental Analysis:

The global market for chocolate sprinkles has been split into various segments based on distribution channel, end-use, packaging types, and region.

Based on application, the global chocolate sprinkles market is divided into bakery confectionery, dairy frozen desserts, and others.

Based on end-users, the global market for chocolate sprinkles is split into specialty stores, e-commerce, and supermarkets hypermarkets

Chocolate Sprinkles Market - Regional Analysis:

The global market for chocolate sprinkles is examined across five major regions, including Asia-Pacific (APAC), Europe, North America, South America, and the Middle East Africa.

The MRFR report suggests that the European region led the global market for chocolate sprinkles in 2017. The market's growth is driven by the rise in preference for sprinkles in several bakery items. Furthermore, the increasing preference if sprinkles in frozen desserts and ice creams by consumers across the region are also likely to boost the market's growth over the assessment era.

The Asia-Pacific regional chocolate sprinkles market is anticipated to register significant growth over the forecasted era due to this region's growing bakery industry.

Read More: https://www.marketresearchfuture.com/reports/chocolate-sprinkles-market-7877

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

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Cassie Tyler

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