Chocolate Sprinkles Market Research Report Forecast to 2027
Market Overview The Global Chocolate Sprinkles Market is estimated to reach USD 1,591.4 Million mark by 2023, as per the findings of Market Research Future (MRFR). The market is projected to grow at 4.32% CAGR from 2018 to 2023 (forecast period) due to the significant growth of bakery and confectionery industry. The use of sprinkles as decorative toppings on cakes, pastries, and other baked goods supports the growth rate. Increasing demand for donuts and pastries at affordable prices offers opportunities to the market. Visual appeal of food items has played a major role in the purchasing decision of consumers. Changing dining experiences and rise in expendable income levels of consumers is driving the market demand. Moreover, preference for new flavors, and tastes and high demand for decorative products are likely to spur the chocolate sprinkles market till 2023. Addition of sprinkles in alcoholic and non-alcoholic beverages is projected to widen the scope of the market. Howeve