- Consumer preference has been shifting toward organic chocolates.
- Innovations in products and services will change the development of the market markedly.
- Milk organic chocolate is controlling the market due to high consumers’ predisposition.
Variations in customer tastes and desires for organic chocolate are expanding the market exponentially. Market reports associated with the food, beverages & nutrition sector by Market Research Future project the organic chocolate market will advance at a CAGR of 2.5% in the forecast period.
The upsurge in demand for healthier options of chocolate is conducive to market growth. As the restricted use of artificial chemical preservatives creates a better product quality, consumer preference has been shifting toward organic chocolates. Positive reinforcement of the potential of organic chocolates through endorsement and positive marketing techniques will enable the market to progress substantially over the forecast period.
Innovations in products and services will change the development of the market markedly. The exceptional combination of supply chain management is frequently improving market growth. Variation of products is raising the number of customers in the market considerably. The market appeal and competitors’ tendencies are noticeably improved by strategies being exploited by market players. Critical success factors in the market are effortlessly attained in the market, leading to an elevated pace of growth in the forecast period.
A few of the principal contenders in the Organic Chocolate Market are Newman’s Own (U.S.), Kicking Horse Chocolate Co. Ltd. (Canada), Green & Black’s (U.K.), Artisan Confections Company (U.S.), Lake Champlain Chocolates (U.S.), Alter Eco (France), Hocolat Bernrain AG/ Chocolat Stella SA (Switzerland), Taza Chocolate (U.S.), Luigi Lavazza S.p.A. (Italy), Endangered Species Chocolate LLC. (U.S.), are among others.
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Organic Chocolate Market Updates
Aug 2018 Divine Chocolate which is a Fairtrade confectionery brand is set to roll out its original range of organic chocolate bars. Divine claims to be the first chocolate company in the world which is 100 percent Fairtrade and owned by cocoa farmers. The new bars will be manufactured with cocoa from a farmers’ co-operative on the West African island of São Tomé.
The market for organic chocolate globally is segmented on the basis of distribution channel and type. By type, it is segmented into milk, dark, white and others. Among all the segments, the milk organic chocolate is controlling the market due to high consumers’ predisposition and huge global consumption of this type of chocolate by the younger generation. Moreover, dark organic chocolate is observing a high push due to an important shift in the customers’ preference. By distribution channel, the market is segmented into non-store based and store-based. Among all the segments, a single destination shopping experience preferred by the consumers makes the store-based channel dominate the market for organic chocolate.
The organic chocolate market globally is segmented into Europe, North America, Asia Pacific, and the rest of the world (RoW). The North American region is controlling the organic chocolate market, trailed by the European region. In the North American region, the U.S. is facing increased demand for organic chocolate due to health concerns related to the consumption of chemical-containing food supplies. Furthermore, amplified demand for organic chocolate from Germany, the U.S., and France in the European region is additionally backing up the sales o organic chocolate in the market. The Asia Pacific region is the most rapidly rising region due to an emerging economy and better disposable income levels in the developing markets of India and China.