As per the MRFR reports, the global chocolate sprinkles market is estimated to register a healthy growth rate of over 4.32% during the review timeframe from 2018 to 2023. Furthermore, the market is projected to attain a size of approximately USD 1,591.4 Million by the end of 2023.
Chocolate sprinkles are small bonbons that are broadly used as a topping on cakes and bakery products. The chocolate sprinkles are available in numerous forms and colors. They are widely used for decorating cakes and bakery goods on special occasions such as birthdays, anniversaries, etc. the global market for chocolate sprinkles has recorded enormous growth in recent years. The growth of chocolate sprinkles the increasing popularity primarily drive the decorating bakery and dessert products. Furthermore, the increase in consumption of bakery products and cakes on various occasions such as anniversaries, birthdays, valentine’s day, Christmas parties, and others is also projected to boost the demand for these products across the globe. Moreover, the factors such as rising spending of the consumers and increasing demand for several textures & flavors are projected to catalyze the market’s growth over the assessment era. On the other hand, the lack of awareness about the varieties of uses of chocolate sprinkles across underdeveloped countries is projected to impede the market’s growth over the forecasted era.
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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,
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.
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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 Mondel?z 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.
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