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1036854

Global Organic Chocolate Confectionery Market - 2021-2028

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

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Global Organic Chocolate Confectionery Market - 2021-2028
Published: November 16, 2021
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
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Description

Market Overview:

Chocolate confectionery are a category of sugar-based food products filled with chocolate as the primary ingredient. Organic chocolate confectionery refers to those products produced using organic ingredients. Producers of organic chocolate source their ingredients from certified fair trade cocoa farms and cooperatives. The rising popularity of healthy food products is a major factor driving the market's expansion. To extend the reach of their products, chocolate confectionery manufacturers engage in a variety of marketing and promotional initiatives. The global organic chocolate confectionery market valued USD XX million in 2020 and is forecasted to reach USD XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028)

Market Dynamics: Increasing demand for organic food products, owing to growing health-conscious consumers

Healthier snacking, coupled with convenience and taste, is a growing trend among consumers, and companies are responding with a major strategy to meet the growing demand for healthy snacks. As a result, confectionery companies are developing packaging that allows consumers to eat small portions and save the rest for later. For example, in July 2017, Mars Inc. introduced "Goodness Knows," a new low-calorie, low-chocolate bar that is the first of its kind in the last 20 years. Whole nuts, dried fruits, toasted oats, and dark chocolate are used to make the product. Consumers have begun to buy processed organic foods, which they perceive to be just as healthy or even healthier than the non-organic version, according to a 2020 study on marketing processed organic foods. After seeing significant growth in the fresh organic foods sector, consumers have begun to buy processed organic foods, which they perceive to be just as healthy or even healthier than the non-organic version. Furthermore, from 2008 to 2017, the value of organic chocolate and other cocoa-based food preparations exported from Denmark. The value of organic chocolate and other cocoa-based food preparations exported from Denmark in 2017 was around 12.6 million Danish kroner. The demand for organic chocolate confectionery is predicted to rise in tandem with the increase in organic chocolate exports.

Increased health concerns among diabetic patients, as well as an increase in the number of people worried about their health, are some of the primary causes driving the organic chocolate and confectionery market, among others. Diabetes affects around 422 million people worldwide, the majority of whom reside in low- and middle-income countries, and it is directly responsible for 1.5 million deaths per year. Both the number of cases and the frequency of diabetes have risen dramatically in recent decades. By 2045, projections show this number rising to some 700 million diabetics globally. China has the most diabetes cases in the world, with around 116 million people affected, followed by India and the United States, with approximately 77 million and 31 million people affected, respectively. With growing number of diabetic patients, there is increasing demand for organic confectionery products as diabetic population prefer organic food products owing to health concerns.

However, fluctuations in the price of raw materials to hamper the growth of market to a certain extent. Cocoa and sugar are two essential raw materials used in the production of confectioneries all over the world. Cocoa and sugar prices have fluctuated in recent years due to rapid changes in production and demand in the worldwide marketplace. Unfavorable weather conditions, crop diseases, labor availability, stock ratios, and other economic factors all affect sugar and cocoa yields, interfering with the smooth flow of supply and demand in the market. As a result, the average annual price of raw materials ranges from low to high, resulting in surplus or understock in the market for sugar and chocolate products.

Market Segmentation: Organic milk segment is expected to dominate the global market in 2020

Milk chocolate bars are becoming increasingly popular in cooking and baking. A popular ingredient in a variety of pastries, cakes, and confections, the product is widely used. It's also used to coat cakes, veggies, and nuts. It has a creamier flavor and texture than other chocolate varieties, and as a result, it is preferred above other varieties. The organic dark chocolate confectionery segment is expected to register the fastest CAGR of XX% over the forecast period. Veganism has had a significant impact on the uptake of these items around the world. Furthermore, these variants have been highly popular in recent years due to their ease of use and availability.

Based on distribution channel, supermarkets and hypermarkets held highest market revenue share in the year 2020. Many people prefer to buy organic chocolate confectionery from hypermarkets and supermarkets because of the shopping experience they provide. Physical product verification, as well as expert help, are important factors in the growth of this segment. In addition, buyers frequently make spontaneous purchases of confectioneries at hypermarkets and supermarket checkout counters.

Geographical Penetration: North America is expected to register fastest growth during the forecast period

In 2020, Europe had the highest revenue share of over XX percent. In recent years, the markets in France and Belgium have seen significant expansion. Increased production of artisanal chocolates, ongoing taste improvements, and in-store promotions are driving regional market growth. Consumers want high-quality products that are also healthy for the environment and their health. From 2021 to 2028, North America is predicted to grow at a CAGR of XX percent. The regional market has been driven by rising awareness of the health benefits associated with the consumption of the product, as well as increased demand in premium and seasonal chocolates. Organic and fair-trade-certified food products have gained in popularity among North American consumers in recent years.

Competitive Landscape:

The global organic chocolate confectionery market is fragmented and the global players are competing intensely with local and regional players and private labels. Some of the key players operating in the global market are Theo Chocolate, Inc., Pascha Chocolate Co., Pana Organic, Rococo Chocolates London Ltd., Original Beans, Green and Black's and Lake Champlain Chocolates among others. Acquisition and mergers are one of the key strategic initiatives adopted by the market players. For instance,

  • In August 2018, Divine planned to launch exclusive organic range of chocolate bars.
  • In January 2020, Herza Schokolade launched its organic chocolate series at Biofach.
  • The Hershey Company said in February 2021 that it will launch new organic and sugar-free chocolate in an effort to extend its "Better for You" chocolate segment. Hershey's, Hershey's Special Dark, Reese's, and Reese's Dark are among the four organic products in the pipeline.

COVID-19 Impact: Negative impact on the organic chocolate confectionery market

The COVID-19 outbreak has disrupted the market. Consumer purchasing power was impacted by the global pandemic and associated lockdowns and other restrictions in 2020. Seasonal demand for confectionery in the United States has decreased as a result of the pandemic, according to a report published by the National Confectioners Association in October 2020. Due to the fact that chocolate confectioneries are frequently consumed outside of the home or on the road, sales of these items originally dropped in 2020. However, post-covid, the demand for organic chocolate confectionery is expected to grow due to increasing health consciousness among consumers. The coronavirus pandemic has led to surging demand for organic and sustainable foods.

Why Purchase the Report?

  • Understand the current market scenario and viability of global organic chocolate confectionery over the forecast period
  • Visualize the composition of the global organic chocolate confectionery market in terms of type, product type and distribution channel to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  • Excel data sheet with valuable data points of the global organic chocolate confectionery market - Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market share analysis covering business revenues ($) and revenue share (%) of key market players

The global organic chocolate confectionery market report would provide an access to approximately 45 market data tables, 45 figures and 180 pages.

Target Audience:

  • Confectionery Products Manufacturers
  • Organic Food Manufacturers
  • Industry Investors
  • Education & Research Institutes
  • Research Professionals
Table of Contents
Product Code: DMFB4291

Table of Contents

1. Global Organic Chocolate Confectionery Market -Scope and Methodology

  • 1.1. Research Methodology
  • 1.2. Scope of the Market

2. Global Organic Chocolate Confectionery Market -Key Trends and Developments

3. Global Organic Chocolate Confectionery Market - Executive Summary

  • 3.1. Market Snippet by Type
  • 3.2. Market Snippet by Product Type
  • 3.3. Market Snippet by Distribution Channel
  • 3.4. Market Snippet by Region

4. Global Organic Chocolate Confectionery Market - Market Dynamics

  • 4.1. Market impacting factors
    • 4.1.1. Drivers
    • 4.1.2. Restraints
    • 4.1.3. Opportunities
  • 4.2. Impact analysis

5. Global Organic Chocolate Confectionery Market - Industry Analysis

  • 5.1. Porter's five forces analysis
  • 5.2. Value chain analysis
  • 5.3. Patent Analysis
  • 5.4. Regulatory Analysis

6. Global Organic Chocolate Confectionery Market - COVID-19 Analysis

  • 6.1. Analysis of Covid-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives

7. Global Organic Chocolate Confectionery Market - By Type

  • 7.1. Introduction
    • 7.1.1. Market size analysis, and y-o-y growth analysis (%), By Type segment
    • 7.1.2. Market attractiveness index, By Type segment
  • 7.2. Milk*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
  • 7.3. Dark
  • 7.4. White

8. Global Organic Chocolate Confectionery Market - By Product Type

  • 8.1. Introduction
    • 8.1.1. Market size analysis, and y-o-y growth analysis (%), By Product Type segment
    • 8.1.2. Market attractiveness index, By Product Type segment
  • 8.2. Bars*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
  • 8.3. Chips
  • 8.4. Truffles & Cups
  • 8.5. Others

9. Global Organic Chocolate Confectionery Market - By Distribution Channel

  • 9.1. Introduction
    • 9.1.1. Market size analysis, and y-o-y growth analysis (%), By Distribution Channel Segment
    • 9.1.2. Market attractiveness index, By Distribution Channel Segment
  • 9.2. Supermarkets and Hypermarkets*
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
  • 9.3. Convenience Stores
  • 9.4. Online Stores
  • 9.5. Others

10. Global Organic Chocolate Confectionery Market - By Region

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
    • 10.1.2. Market Attractiveness Index, By Region
  • 10.2. North America
    • 10.2.1. Introduction
    • 10.2.2. Key region-specific dynamics
    • 10.2.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 10.2.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 10.2.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.2.5.1. U.S.
      • 10.2.5.2. Canada
      • 10.2.5.3. Mexico
  • 10.3. South America
    • 10.3.1. Introduction
    • 10.3.2. Key Region-Specific Dynamics
    • 10.3.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 10.3.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 10.3.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.3.5.1. Brazil
      • 10.3.5.2. Argentina
      • 10.3.5.3. Rest of South America
  • 10.4. Europe
    • 10.4.1. Introduction
    • 10.4.2. Key Region-Specific Dynamics
    • 10.4.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 10.4.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 10.4.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.4.5.1. Germany
      • 10.4.5.2. U.K.
      • 10.4.5.3. France
      • 10.4.5.4. Spain
      • 10.4.5.5. Italy
      • 10.4.5.6. Rest of Europe
  • 10.5. Asia Pacific
    • 10.5.1. Introduction
    • 10.5.2. Key Region-Specific Dynamics
    • 10.5.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 10.5.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 10.5.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.5.5.1. China
      • 10.5.5.2. India
      • 10.5.5.3. Japan
      • 10.5.5.4. Australia
      • 10.5.5.5. Rest of Asia Pacific
  • 10.6. Middle East and Africa
    • 10.6.1. Introduction
    • 10.6.2. Key Region-Specific Dynamics
    • 10.6.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 10.6.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel

11. Global Organic Chocolate Confectionery Market - Competitive Landscape

  • 11.1. Competitive scenario
  • 11.2. Competitor strategy analysis
  • 11.3. Market positioning/share analysis
  • 11.4. Mergers and acquisitions analysis

12. Company Profiles

  • 12.1. Pascha Chocolate Co.*
    • 12.1.1. Company Overview
    • 12.1.2. Product Portfolio and Description
    • 12.1.3. Key Highlights
    • 12.1.4. Financial Overview
  • 12.2. Theo Chocolate, Inc.
  • 12.3. Rococo Chocolates London Ltd.
  • 12.4. Pana Organic
  • 12.5. Original Beans
  • 12.6. Doisy And Dam
  • 12.7. Green and Black's
  • 12.8. Lake Champlain Chocolates
  • 12.9. Love Cocoa
  • 12.10. Daylesford Organic Ltd.
  • 12.11. The Hershey Company
  • List not Exhaustive*

13. Global Organic Chocolate Confectionery Market - DataM

  • 13.1. Appendix
  • 13.2. About us and services
  • 13.3. Contact us