According to the latest report by IMARC Group, titled “White Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global white chocolate market reached a value of US$ 18.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.0 Billion by 2027, exhibiting a CAGR of 2.1% during 2022-2027. White chocolate is a confectionery product made using vanilla, sugar, milk solids, and cocoa butter. Amongst these, cocoa butter is one of the prime ingredients used to provide a creamy texture, distinct scent, and fine taste. White chocolate also frequently contains fatty emulsifiers and additives, including lecithin, palm oil, and an excessive amount of sweets. Apart from this, it is high in antioxidants, which offer certain health benefits to consumers.
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White Chocolate Market Trends:
The global white chocolate market is primarily driven by the increasing awareness about various product applications, including ice creams, cakes, and other desserts. Furthermore, manufacturers are launching higher-quality varieties supported by rapid urbanization and inflating disposable incomes. Moreover, the easy availability of the product across retail channels is acting as another growth-inducing factor. Additionally, the emerging trend of health and wellness among consumers has prompted manufacturers to incorporate organic and natural ingredients in the formulation, which is providing a significant boost to the market growth.
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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