Chocolate Sprinkles Market Trends, Opportunities, and Forecast by 2031

MARKET OVERVIEW

Sprinkles are decorative confectionery products generally available in granular shape. They are used to decorate or add texture to desserts like cupcakes, brownies, doughnuts, or ice cream. Chocolate sprinkles are mostly composed of sugar and corn starch, with a small amount of fat to soften the texture and cocoa powder for chocolaty avor and color. Chocolate sprinkles are used in households as well as foodservice outlets to decorate various bakery and confectionery products especially cakes, pastries, ice-creams, and donuts

MARKET SCOPE

The "Global Chocolate Sprinkles Market Analysis to 2031" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the chocolate sprinkles market with detailed market segmentation by packaging type, end user, and geography. The report provides key statistics on the market status of the leading chocolate sprinkles market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of packaging type, the market is segmented into jars, pouches, and others.
  
•   On the basis of end user, the market is segmented into food retail and foodservice.
  

MARKET DYNAMICS

Drivers:

•   Rising demand for attractive cakes and pastries for occassions such as birthdays, weddings, anniversaries, and other celebrations is expected to drive the demand for chocolate sprinkles.
  
•   Growing demand from foodservice outlets such as bakery shops, cafes, and quick service outlets is frther projected to drive the market growth.
  
•   Furthermore, rapidly growing bakery and confectionery industries is anticipated to contribute to the market growth over the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The chocolate sprinkles market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the chocolate sprinkles market in these regions.

IMPACT OF COVID-19 ON CHOCOLATE SPRINKLES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.

MARKET PLAYERS

The report covers key developments in the chocolate sprinkles market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Chocolate sprinkles market are anticipated to lucrative growth opportunities in the future with the rising demand for chocolate sprinkles in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the chocolate sprinkles market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Barry Callebaut USA, LLC
  
•   Carroll Industries NZ Ltd.
  
•   Chocoladefabriken Lindt and Sprüngli AG
  
•   Delfi Limited
  
•   Ferrero S.p.A.
  
•   Lotus Chocolate Company Limited
  
•   Mondelez International, Inc.
  
•   Moonstruck Chocolate Co.
  
•   Nestlé S.A.
  
•   Paulaur Corporation
  
•   The American Sprinkle Company
  
•   Josi Sprinkles
  
•   Sprinkles & Co.
  
•   CAKE DÉCOR LTD
  
•   Fancy Sprinkles
  
•   BakeArt (UK) Ltd
  
•   Golden Fluff, Inc.
  
•   CK Products, LLC
  
•   Girrbach Süsswarendekor GmbH
  
•   Chef's Quality
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Chocolate Sprinkles Report Scope