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World Organic Chocolate Market Projected to Grow at CAGR 2.5% During 2018 to 2023

Global Organic Chocolate Market Information-by type (Dark, Milk, White and others), by form (bars, energy bars, discs and others), calories per serving (<40 calories, 40-100 calories and others) and Region - Forecast to 2023

 

pune, India -- (SBWIRE) -- 04/20/2018 -- Market Overview: Shifting consumers' food consumption pattern and growing demand for premium chocolates is supporting the growth of organic chocolate globally.

Owing to increasing health awareness among the consumer's, the demand for organic and clean-labelled chocolate have increased. The sector is driven in a major way by the rising demand for healthy desserts with high nutritional value. Rising health concerns among the consumers and escalating popularity of organic commodities is identified to boost the demand for organic chocolate on a global platform. Diverse application of organic chocolate in various industries is also influencing the positive growth of this market. Copied from:

Boost in health and wellness sectors is driving the sales of organic chocolate on a global platform. However, the declining production of cocoa possess a major threat on this market. Economic as well as weather conditions plays vital role in the production of organic cocoa which is the key ingredient in organic chocolate manufacturing. Unfavorable weather is the major cause for the declining production capacity of organic cocoa in several countries. Owning to this, production capacity of organic premium chocolate is declining.

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Latest Industry Updates:
Jan 2018 following the strategy of product innovation to capture consumers' attention towards the product line, Natierra launched organic dark chocolate covered freeze-dried fruit slices. The product is manufactured by using 55% of cacao dark chocolate which is organically sourced.

Dec 2017 In order to enter into the organic chocolate market and generate high revenue, Alter Eco announced the launch of their organic and fair trade dark chocolate coconut clusters which are made available in three new flavors.

Aug 2016 One of the renowned manufacturers of organic chocolate- Seed and Bean launched their chocolate range with three new flavors. Innovations in flavors is one of the key strategies adopted by the manufacturers to expand their consumer base.

Jan 2016 Chuao Chocolatier- announced the launch of their beauty-inspired, organic chocolate bar line called "Lovely". The chocolate is available in three varieties and is prepared with 72% rainforest alliance certified dark chocolate.

Competitive Analysis:
With the entry of new industry players in the organic chocolate segment, the demand from various food and beverage manufacturers have increased based on consumers trending demand for natural and chemical-free pure form of chocolates. Major strategy followed by the key players is identified to be increasing their production capacity as well as product promotions to spread awareness about the health benefits gained from organic chocolate consumption. The best long-term growth opportunities for this sector can be captured by ensuring ongoing new product launch experimenting with new flavors and R&D investments.

The key players profiled in organic chocolate market report are Green & Black's (U.K.), Newman's Own (U.S.), Artisan Confections Company (U.S.), Taza Chocolate (U.S.), Alter Eco (France), hocolat Bernrain AG/ Chocolat Stella SA (Switzerland), Kicking Horse Chocolate Co. Ltd. (Canada), Luigi Lavazza S.p.A. (Italy), Endangered Species Chocolate, LLC. (U.S.), and Lake Champlain Chocolates (U.S.) among many others.

Market Segments:
The global organic chocolate market has been divided into type, distribution channel and region.

On The Basis Of Type: Dark, White, Milk, and Others

On The Basis Of Distribution Channel: Store Based, Non-Store Based

On The Basis Of Region: North America, Europe, Asia Pacific and ROW.

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Regional Analysis:
The global Organic chocolate market is segmented into Africa, America, and Rest of the World (RoW). Global organic chocolate market is highly dominated by America due to high production capacity and cultivation of organic certified cocoa in the region. America is also fastest growing region due to changing lifestyle and increasing health awareness in the region. The production of organic chocolate from the European region is anticipated to grow at a high rate in the upcoming years.