Cream and Chocolate wafers are thin, crispy chocolate wafers that are commonly called for when making chocolate crumb crusts and icebox cakes. They have a sweet cocoa flavor to them and a very dark, nearly black, color. Moreover, Chocolate wafer cookies are spread with whipped cream, stacked into a log, frosted with more cream and chilled for a classic, no-bake cake roll. Rising Focus on Innovative Packaging of Cream & Chocolate Wafers and shift in consumer preference and the rising disposable incomes is propelling the growth of the market.This growth is primarily driven by Increasing Demand for Convenience Food Along With a Rise in Disposable Income, Rapid Increase in Urbanization and Changing Preferences of Consumers and their Lifestyle.
Globally, a noticeable market trend is evident Development of Healthier Varieties of Cream & Chocolate Wafers to Attract Health Conscious Population by Manufacturers
. Major Vendors, such as Barry Callebaut (Switzerland), Cargill Incorporated (United States), Nestle SA (Switzerland), Mars, Incorporated (United States), The Hershey Company (United States), Blommer Chocolate Company (United States), Foley’s Candies LP (Canada), Guittard Chocolate Company, Puratos Group (India) and Cemoi (France) 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:
In December 2018, Britannia Industries Limited announced its entry into a new category with the launch of Treat Crème Wafers. The product, which is a part of Britannia’s Treat portfolio, is available in popular flavours such as chocolate, strawberry, vanilla and orange. The new product launch comes at the back of Britannia’s announcement to become a Total Foods Company as it marks its 100 years milestone.
In April 2019, Hershey's is releasing a Kit Kat Duos Mint and Dark Chocolate bar in the United States. According to Hershey company, the candy bar will feature a mint crème on the top and dark chocolate on the bottom, all surrounding light and crispy wafers and In 2018, Pink Panther Wafers which was once a popular snack is expected to make a comeback in the Global Chocolate & Wafers Market.
- Increasing Demand for Convenience Food Along With a Rise in Disposable Income
- Rapid Increase in Urbanization
- Changing Preferences of Consumers and their Lifestyle
- Development of Healthier Varieties of Cream & Chocolate Wafers to Attract Health Conscious Population by Manufacturers
- Growth in Consumption of Chocolates and Cream Wafers Due To Busy Lifestyle of Consumers
- High Sugar and Calories Content Present in Cream and Chocolate Wafers Leading to Reduced Sale of Cream & Chocolate Wafers
High Demand for Convenience Foods amongst Consumers
Rising Number of Alternatives for Cream & Chocolate Wafers
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