Over the forecast period, rising consumption of chocolate-based spreads as part of the breakfast meal, combined with consumer preference for organic and natural food products, is likely to be a key factor driving the market.
The global organic chocolate spreads market is estimated to reach USD 834.0 million by 2028, growing at a CAGR of 4.8 percent over the forecast period.
Due to increased product innovation, the hazelnut category accounted for the highest share of the market in 2020 and will continue to grow at a stable CAGR from 2021 to 2028. Rigoni di Asiago, for example, introduced the Nocciolata Bianca Hazelnut Spread in October 2019, which is gluten-free and strong in protein. Companies all around the world, particularly start-ups, have been concentrating their efforts on making items available to consumers through online distribution channels. Furthermore, the growing influence of western eating patterns in the Asia Pacific region has considerably enhanced the product’s commercial viability.
In 2020, supermarkets and hypermarkets will be the largest distribution channel sector, accounting for more than half of all revenue. These establishments place a premium on customer service and specialize in organic food categories. In addition, the segment’s growth is fueled by the availability of entire home items from all brands in one location.
With a sales share of more than 40% in 2020, Europe will be the largest regional market. Europe is also a significant market for certified organic chocolate. European brands also profit from a huge consumer base in nations like Germany, the United Kingdom, and Switzerland. Snacking is becoming more popular among younger European consumers, which is fueling industry expansion.
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Global Organic Chocolate Spreads Market Report covers major market characteristics, size and growth, key segments, regional breakdowns, competitive landscape, market shares, trends and strategies for this market.
Major Market Players Included in this Report is:
Nutiva, Inc., Rigoni di Asiago, BIONA, Cocofina, Phalada Pure & Sure, Mason & Co., The Organic Family Ltd., Askinosie Chocolate, LLC, Pana Organic, and Artisana Organics.
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Product Types: Hazelnut And Dark
On the Basis of Application: Supermarket & Hypermarket And Online
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Promising Regions & Countries Mentioned In The Organic Chocolate Spreads Market Report:
North America ( United States)
Europe ( Germany, France, UK)
Asia-Pacific ( China, Japan, India)
Latin America ( Brazil)
The Middle East & Africa
Highlights of Global Market Research Report:
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Organic Chocolate Spreads Market forecast, by regions, type and application, with sales and revenue, from 2019 to 2026
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Global Organic Chocolate Spreads Market Report Provides Comprehensive Analysis of:
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- Up and Downstream industry investigation
- Economy effect features diagnosis
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- By Product Type, Applications & Growth Factors
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