Crunchy Chocolates Market Forecast to Reach USD 31.39 Billion by 2032

The global crunchy chocolates market is experiencing significant growth, with projections varying across reports but consistently pointing towards a substantial increase in market size over the next decade. For instance, the market was valued at USD 17.3 billion in 2023 and is anticipated to reach USD 28.0 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.50% from 2024 to 2032. Other analyses estimate the market to reach $31.39 billion by 2032 with a CAGR of 5.7% from 2025, or $4.10 billion by 2034 at a 5.10% CAGR. This robust growth is fueled by factors such as premiumization, the expanding fast-food sector, wider distribution networks, and a general rise in consumer demand for confectionery items, including those perceived to have health benefits like antioxidants in dark chocolate.

Download the full report now to discover market trends, opportunities, and strategies for success.
https://evolvebi.com/report/global-crunchy-chocolate-market-analysis/

While supermarkets and hypermarkets currently dominate the distribution channels for crunchy chocolates, convenience stores are uniquely positioned to capitalize on this growing market. Their inherent advantages, such as accessibility, extended operating hours, and focus on impulse purchases, align perfectly with the "on-the-go" consumption habits often associated with crunchy chocolates. The increasing popularity of energy and protein bars, which frequently incorporate crunchy chocolate, further boosts the potential for convenience stores.
Problems Faced by Convenience Stores
Despite the high opportunity, convenience stores face several challenges in fully harnessing the potential of the crunchy chocolates market:
• Limited Space and Inventory Management: Convenience stores typically have constrained storage, making it difficult to stock a wide variety of products and maintain optimal inventory levels. This can lead to missed sales opportunities if popular items are out of stock or if diverse customer preferences are not met.
• Competition and Pricing: Competing with larger retailers that can offer lower prices due to economies of scale is a significant hurdle. Convenience stores often have higher overheads and purchase smaller quantities, leading to higher unit costs which are then passed on to consumers.
• Supply Chain Volatility: The broader chocolate industry is grappling with diminishing cocoa supplies due to climate change and increasing demand, leading to soaring raw material prices. This volatility directly impacts the cost and availability of crunchy chocolates for convenience stores.
• Shifting Consumer Preferences and Regulations: There's a growing consumer demand for ethically sourced, sustainable, and "better-for-you" options (e.g., low-sugar, organic, plant-based). Additionally, stricter regulations on High in Fat, Sugar, or Salt (HFSS) products, like those implemented in the UK, can limit product display and reduce impulse purchases. The rise of appetite-suppressing medications like semaglutide could also impact demand for sugary treats.
• Digital Transformation Gap: Some convenience stores lag in adopting digital solutions for inventory management, ordering, and customer engagement, which can hinder efficiency and responsiveness to market trends.

Download the full report now to discover market trends, opportunities, and strategies for success.
https://evolvebi.com/report/global-crunchy-chocolate-market-analysis/

Proposed Solutions
To overcome these challenges and maximize their share in the crunchy chocolates market, convenience stores can implement several strategies:
• Optimized Assortment and Space Utilization: Leverage data analytics to identify best-selling crunchy chocolate products and consumer preferences within their specific geographical area. Prioritize stocking these high-demand items and consider a curated selection over a wide variety. Utilize floor planning tools to optimize shelf space for maximum exposure and sales, focusing on attractive displays near checkout counters for impulse buys.
• Strategic Pricing and Promotions: While maintaining competitive pricing can be tough, convenience stores can explore partnerships with suppliers for special promotions and discounts. Offering bundled deals or loyalty programs can also incentivize purchases. For premium or niche crunchy chocolates, a slightly higher price point might be acceptable to consumers seeking unique options.
• Supply Chain Adaptability and Ethical Sourcing: Work closely with distributors to ensure consistent supply and explore diversified sourcing where possible. While direct ethical sourcing might be challenging for individual convenience stores, they can prioritize stocking products from brands known for their sustainable and ethical practices, appealing to conscious consumers.
• Health-Conscious and Innovative Offerings: Stock a range of crunchy chocolates that cater to evolving health trends, such as dark chocolate with high cocoa content, options with nuts and fruits, and vegan or organic variants if available from suppliers. Highlight these healthier attributes through clear labeling and in-store promotions.
• Embrace Digital Solutions: Implement modern inventory management systems to track stock in real-time, forecast demand more accurately, and reduce waste from perishable goods. Explore online ordering and delivery services to cater to consumers seeking convenience through digital channels.
US Tariff Implications on the Global Crunchy Chocolates Market
The US chocolate industry, including crunchy chocolates, is significantly impacted by tariffs, adding another layer of complexity to already volatile cocoa prices. The US has imposed a 10% baseline tariff on all imports, with higher rates for specific origins and products. For instance, cocoa imports from Ivory Coast face a 21% tariff, Ghana 10%, while cocoa butter from Indonesia and Malaysia sees tariffs of 32% and 24% respectively. Confectionery from Switzerland is subject to a 31% tariff, and goods from the European Union face a 20% tariff.
These tariffs, combined with record-high cocoa prices due to supply deficits (e.g., a 478,000 metric ton global cocoa deficit in 2024), translate to higher production costs for US chocolate manufacturers. These increased costs are largely passed on to consumers, resulting in:
• Higher Prices: Consumers can expect to pay 10-20% more for chocolate products.
• Reduced Discounts and Promotions: Sales and promotional offers will likely be less frequent and less substantial.
• Quality Changes and Shrinkflation: Some manufacturers may resort to using less cocoa or lower-cost ingredients, impacting quality, or reducing product size while maintaining the price.
• Limited Access to Luxury Chocolates: Higher production costs and sourcing difficulties might lead to reduced availability or significantly higher prices for premium and high-end crunchy chocolates.

Download the full report now to discover market trends, opportunities, and strategies for success.
https://evolvebi.com/report/global-crunchy-chocolate-market-analysis/

Furthermore, these tariffs grant European chocolatiers a competitive edge, as their supply costs might be relatively lower. This could also lead to adjustments in global trade flows, with North American buyers potentially seeking alternative sourcing or processing routes through countries with lower tariffs like Canada, Mexico, or Brazil. The US chocolate grinding capacity is also projected to decrease, potentially driving up domestic prices for cocoa and confectionery products. Experts argue that cocoa, given the US's inability to grow it in significant quantities, should be exempt from such tariffs.
To understand further and explore opportunities in the Global Crunchy Chocolates Market or any related industry please share your queries/concern at info@evolvebi.com.

Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing
innovative solutions to challenging pain points of a business. Our market research reports include data
useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere
data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate
data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-
time data including, quarter performance, annual performance, and recent developments from
fortune's global 2000 companies.

This release was published on openPR.