Organic Chocolate Market Overview:
The global organic chocolate market is having an alluring run triggered by the demand for healthy products. Organic chocolates are produced from cocoa that has not been treated with pesticides or fertilizers. Reports have suggested that harmful chemicals these pesticides or fertilizers contain can adversely impact human body and immunity. People with information on their fingertip are now more aware of such conditions and prefer products that are naturally grown. Hence, the growing demand for organic chocolate market. The global organic chocolate market is eyeing for a stellar performance during the forecast period (2023-2030), reveals Market Research Future (MRFR). The report also contains in detail various integrated topics such as segmental analysis, drivers that would influence the market in the coming years, and expert inputs among many to uphold a comprehensive study of the market.
Organic Chocolate Market Size was valued at USD 0.55 billion in 2022. The Organic Chocolate market industry is projected to grow from USD 0.59 Billion in 2023 to USD 0.98 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.60% during the forecast period (2023 - 2030).
Among the drivers, the organic chocolate market is finding it easier to promote itself with the growing demand for clean-label products. Inspired by healthy lifestyle regimes, people are now opting for such products. The advanced technologies have helped in increasing the production of cocoa to match the demand for the same from the organic chocolate market. At the same time, celebrity endorsements are playing significant role in assisting the expansion of organic chocolate market. Marketing for the same is getting boosted and with innovative product promotion methods, the market is gaining multifold traction.
Regional Analysis:
The global organic chocolate market can be assessed on the basis of regions namely North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America is having a great roll in the global market and it is spearheading the revenue generation. The product is often considered to be a better and healthy alternative for desserts. Rising bakery and confectionery industry is incorporating organic chocolate keeping in mind customers’ preference and health-related benefits. This can project a substantial growth for the market in the coming years. In addition, stringent FDA policies are backing the rise of the market.
In Europe, France, Germany, Belgium, and Switzerland are prominent traders of organic chocolate. The market is gaining tailwinds owing to the features it share with the North America. The APAC region’s rise is unprecedented. This is getting prominence due to the increasing disposable income and economies emerging out as market strongholds.
Segmentations:
The global Organic Chocolate Market Overview can be segmented by type and distribution channel for a better market analysis.
Based on the type, the organic chocolate market is segmented into dark, milk, white and others. Milk segment has the privilege of dominating the market due to high intake from the consumers. But a shift in preference is starkly becoming prominent as more and more people are now opting for dark chocolates. Hence, the segment is getting the highest pat and can witness significant rise in the coming years.
Based on the distribution channel, the organic chocolate market can be segmented into store-based and non-store based. Preference for the one-stop shopping experience is ensuring the domination of the store-based channels. But rising adoption of technology and e-commerce spreading out, have tweaked consumer shopping pattern. The ease of shopping and getting things delivered at home can promote non-store based channels during the review period.
Competitive Landscape:
Players included in the global organic chocolate market are Hocolat Bernrain AG/ Chocolat Stella SA (Switzerland), Newman's Own (U.S.), Artisan Confections Company (U.S.), Taza Chocolate (U.S.), Green & Black's (U.K.), Alter Eco (France),, Luigi Lavazza S.p.A. (Italy), Endangered Species Chocolate, LLC. (U.S.), Kicking Horse Chocolate Co. Ltd. (Canada), and Lake Champlain Chocolates (U.S.) are among others.
Product innovation plays a major role in taking the organic chocolate market ahead. Hence, in January 2018 Natierra launched a new range of dark chocolate product with freeze0dried fruit slices and 55% dark cacao chocolate.
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