Industry Background:
Sandwich chocolate is a light and crispy wafer with cocoa and chocolate cream filling i.e. chocolate wafer biscuits. It comprises mostly of two light and crispy wafers filled with a fine layer of the smoothest cocoa and chocolate cream. The ingredients used in this are wheat flour, coconut oil, glucose syrup, sugar, cocoa, dextrose, whey powder (Milk), chocolate, soy flour, skimmed milk powder and others. This product is being commercially produced since a really long time by the company Loacker which was established 90 years ago. It has various nutritional benefits as it contains proteins, fibers, carbohydrates and others, this is now being promoted as a health bar too by the addition of a few new ingredients. It is a great snack for both kids and adults. Increased consumption of packaged food products and a robust increase in the distribution channels are the key factors driving the growth of the global sandwich market. Similarly, product reinvention in terms of flavors and shapes is another method of branding the sandwich chocolate. However, the availability of alternative products/brands in the market promotes easy adulteration and high competition for the market.This growth is primarily driven by Increasing Popularity of the Sandwich Chocolate among Kids
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Units |
Value Unit | Value (USD Million) |
Key Companies in Study | A. Loacker S.p.A. (Italy), Kwality Wall's (India), Gullón (Spain), Carletti A/S (Denmark), Ritz Food Product Corporation (Philippines), Unilever (United Kingdom), Mars, Incorporated (United States), Ferrero SpA (Italy), The Hershey Company (United States) and Kraft Heinz Company (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as A. Loacker S.p.A. (Italy), Kwality Wall's (India), Gullón (Spain), Carletti A/S (Denmark), Ritz Food Product Corporation (Philippines), Unilever (United Kingdom), Mars, Incorporated (United States), Ferrero SpA (Italy), The Hershey Company (United States) and Kraft Heinz Company (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
Recently, Mars, Inc. has signed an agreement to acquire a majority stake in Foodspring, a Berlin-based direct-to-consumer targeted nutrition company. Upon completion of the transaction, Foodspring will remain a standalone business within Mars Edge, a segment of Mars, Inc.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations.
Market Drivers
- Increasing Popularity of the Sandwich Chocolate among Kids
- Increased Marketing and Promotional Activities
Market Trend
- High Demand for Healthy Snack Products
Restraints
- Fluctuations in the Raw Material Prices such as Soy Flour, Wheat Flour and Others
Opportunities
Growing Packaged Food Industry Worldwide and Robust Increase in the Distribution Channels
Challenges
Availability of Alternative Products
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Sandwich Chocolate Study Sheds Light on
The Sandwich Chocolate Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Sandwich Chocolate industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sandwich Chocolate industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.