Organic Chocolates Market Outlook
The global organic chocolates market size was valued at USD 550 Million in 2022 and is likely reach to USD 1.15 Billion by 2031, expanding at a CAGR of 8.6% during the forecast period, between 2023 and 2031.
An organic chocolate product ensures that soil, ecosystem, and health have been protected by legal regulations. In the organic farming industry, farmers use organic methods and organic processors, natural dyes and compounds, to produce chocolate of stellar quality.
To increase the visibility of the organic chocolate products, chocolate confectionery manufacturers carry out a variety of marketing & promotional activities. The mainstream chocolate market was nearly stable. However, the craft chocolate market encountered difficulties during the COVID-19 pandemic.
Consumers purchasing power was affected by the global recession in 2020. During the pandemic, seasonal demand for confectionary items decreased in the US as reported by the National Confectioners Association in October 2020.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing number of health-conscious consumers preference for healthy varieties of products, such as organic chocolates, is estimated to boost the organic chocolate market.
- Growing awareness about the benefits of organic chocolates such as improvement in blood flow, lowers blood pressure, and enhancement in brain function is expected to fuel the market growth.
- Rising number of marketing campaigns aimed at children is positively influencing the growth of the market.
- Increasing preference for organic food products is a major contributing factor to the growth of the market.
- The preference for dark chocolates is expected to positively influence the organic chocolate market growth.
Scope of Organic Chocolates Market Report
The report on global organic chocolates market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes
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Details
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Report Title
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Global Organic Chocolates Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016 & 2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Organic Dark Chocolate, Organic Milk Chocolate, and Organic White Chocolate), Distribution Channels (Supermarkets, Health Food Stores, Convenience Stores, and Others)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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Barry Callebaut AG, Divine Chocolate Ltd., Endangered Species Chocolate LLC, Equal Exchange Coop, Mondel?z International Inc., Montezuma's Direct Ltd., NibMor LLC, Taza Chocolate, The Grenada Chocolate Co., and The Hershey Co.
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Organic Chocolates Market Segment Insights
Organic Dark Chocolate segment is projected to hold significant market share
In the terms of types, the market can be divided into organic dark chocolates, organic milk chocolates, and organic white chocolates. The organic dark chocolates segment dominated the market in 2020, and is estimated to grow at a steady rate in the projected timeline.
The dark chocolate variety of organic chocolate has much higher cocoa content than other varieties of organic chocolate, which means it is packed with health-promoting nutrients.
Organic dark chocolate enhances blood flow, lowers blood pressure, and improves cognitive function. Additionally, dark chocolate contains polyphenols, which are antioxidants that help in lowering blood cholesterol, which are also called low-density lipoproteins (LDLs).
Supermarket segment is anticipated to account for a substantial share
Based on distribution channels, the global organic chocolates market can be segmented into supermarkets, health food stores, convenience stores, and others. The supermarkets segment accounted for a large revenue share in 2020. Supermarkets provide consumers with a great shopping experience that makes them more likely to purchase organic chocolates.
In order to develop this distribution channel, it is crucial to verify these items physically and to have expert assistance on hand. Transactions have become much simpler due to simple payment systems that comply with the regulatory requirements of various countries. Moreover, the rising number of smart supermarkets in the developed economies is driving the growth of the market segment.
Organic Chocolates Market Regional Outlook
Europe is expected to dominate the market
In terms of regions, the market can be categorized as Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Europe was a large market for organic chocolates in 2019, and the region is estimated to continue to offer maximum growth opportunities to the market vendors during the forecast period.
With more health-conscious consumers seeking organic food options, and more retailers keeping organic chocolate in stores, the organic chocolate market in Europe is estimated to grow at a sustainable rate in the coming years.
Moreover, increasing production of artisanal chocolates and constant innovation of flavors are major factors fueling the regional market's growth. High-quality products with good health and environmental benefits are in demand among consumers.
Segments
By Types
- Organic Dark Chocolates
- Organic Milk Chocolates
- Organic White Chocolates
By Distribution Channels
- Supermarkets
- Health Food Stores
- Convenience Stores
- Others
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
By Key Players
- Barry Callebaut AG
- Divine Chocolate Ltd.
- Endangered Species Chocolate LLC
- Equal Exchange Coop
- Mondelēz International Inc.
- Montezuma's Direct Ltd.
- NibMor LLC
- Taza Chocolate
- The Grenada Chocolate Co.
- The Hershey Co.
Competitive Landscape
Key players in the global organic chocolates market are Barry Callebaut AG, Divine Chocolate Ltd., Endangered Species Chocolate LLC, Equal Exchange Coop, Mondelēz International Inc., Montezuma's Direct Ltd., NibMor LLC, Taza Chocolate, The Grenada Chocolate Co., and The Hershey Co.
These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
