Published Date: 14-Jul-2021
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report Global Organic Chocolate Spreads Market, published by KBV research, The Global Organic Chocolate Spreads Market size is expected to reach $826 Million by 2027, rising at a market growth of 5.4% CAGR during the forecast period.
Based on distribution channels, supermarkets and hypermarkets procured the highest revenue share of the market in 2020. Supermarkets and hypermarkets are among the self-service superstores. They offer a wide range of products, including food, general merchandise, home supplies, and organic foods such as chocolate spreads. Every kind of customers’ needs can be fulfilled under one roof in supermarkets. These stores also draw a large number of customers and are located in the center of the city.
Based on type, the dark chocolate segment would be the fastest-growing segment during the forecast period. Dark chocolate-based spreads are rich in minerals and vitamins like calcium and iron. The consumption of dark chocolate that has high cocoa content provide different kinds of health advantages such as better heart health and cognitive function. Similarly, dark chocolate is very popular among those consumers who seek a robust flavor.
The Europe market dominated the Global Organic Chocolate Spreads Market by Region 2020, growing at a CAGR of 5.1 % during the forecast period. The North America market is experiencing a CAGR of 5.2% during (2021 - 2027). Additionally, The Asia Pacific market is estimated to grow at a CAGR of 5.5% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Nutiva, Inc., Rigoni di Asiago, Phalada Pure & Sure (Phalada Agro Research Foundations Pvt. Ltd.), Askinosie Chocolate, LLC, The Organic Family Ltd. (Mr. Organic), Cocofina Limited, Mason & Co., BIONA Organic, Artisana Organics (Premier Organics Inc.), and Pana Organic.
By Distribution Channel
Unique Offerings from KBV Research