Global Organic Chocolate Market Overview:
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 Global Organic Chocolate market is expected to see growth rate of 2.3%
- 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.
- Substitutes Available For organic chocolates.
- Value Oriented Consumers
- Harmful ingredients associated with organic chocolate that hampers the Market.
- Preservatives Associated With In organic chocolate Market.
- Strong distribution network leads to grow the organic chocolate Market.
- Upsurge Demand of organic chocolates for reducing heart risks.
- Limitation on the overuse of caffeine that anticipated the Challenge the Market.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Lake Champlain Chocolates (United States), The Raw Chocolate Company (United Kingdom), Mason & Co. (India) and Giddy Yoyo (Canada). Analyst at AdvanceMarketAnalytics see United States and United Kingdom Vendors to retain maximum share of Global Organic Chocolate market by 2024. Considering Market by Ingredients, the sub-segment i.e. Cocoa Liquor will boost the Organic Chocolate 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.
“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.”
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Organic Chocolate market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Organic Chocolate market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Organic Chocolate Manufacturers, Organic Chocolate Traders, End-Use Market Participants of Different Segments of Organic Chocolate, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.