Industry Background:
The Organic chocolate is manufactured through sustainable cocoa beans, where the beans are produced without used of pesticides and chemicals. Organic chocolate market is expected to mark significant growth over forecasted period owing to increasing health consciousness, providing consumers awareness, high speed production applications and technological advancement. There has been significant rise in number of people consumption of chocolate with figure stood up to 18% share in United States alone in 2018, the future for organic chocolate looks promising. Organic chocolate allows consumers to preferred organically produced food products. This result in rising invest in high-quality food products, increasing celebrity endorsement and escalating the research and development in organic chocolate may trigger demand and help in industry expansion.According to AMA, the market for Organic Chocolate is expected to register a CAGR of 2.3% during the forecast period to 2026. This growth is primarily driven by Increase popularity of artisanal organic chocolate Boost the Market. and Rapid income of consumers is enabling the investments in high quality products that Fuelled up The organic chocolate Market..
Globally, a noticeable market trend is evident Substitutes Available For organic chocolates.
. The Food Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Green & Black's (United Kingdom), Newman's Own (United States), Artisan Confections Company (United States), Taza Chocolate (United States), Alter Eco (France), Hocolat Bernrain AG/ Chocolat Stella SA (Switzerland), Kicking Horse Chocolate Co. Ltd. (Canada), Luigi Lavazza S.p.A. (Italy) and Endangered Species Chocolate, LLC. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In December 2017 NextWorld Evergreen acquired Alter Eco. This acquisition is beneficial in providing different products lines such as chocolates, coffees, olive oil and others in US region.
In August 2018, Divine Chocolates plan to launched an exclusive organic range of chocolate bars which is beneficial in providing an opportunity to attract the new customers with the organic range.
Regulatory Insights:
“The Food safety and hygiene are key issues on the European market. If suppliers want to export to Europe, the cocoa products must comply with the European law on food safety and food hygiene that ensure the quality of food products throughout the whole supply chain.”
Market Drivers
- Increase popularity of artisanal organic chocolate Boost the Market.
- Rapid income of consumers is enabling the investments in high quality products that Fuelled up The organic chocolate Market.
Market Trend
- Substitutes Available For organic chocolates.
- Value Oriented Consumers
Restraints
- Harmful ingredients associated with organic chocolate that hampers the Market.
- Preservatives Associated With In organic chocolate Market.
Opportunities
Strong distribution network leads to grow the organic chocolate Market. and Upsurge Demand of organic chocolates for reducing heart risks.
Challenges
Limitation on the overuse of caffeine that anticipated the Challenge the Market.
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Organic Chocolate Study Sheds Light on
The Organic Chocolate Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Organic Chocolate industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Organic Chocolate industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.