Dublin, July 01, 2021 (GLOBE NEWSWIRE) -- The "Organic Chocolate Spreads Market Size, Share & Trends Analysis Report by Product (Hazelnut, Dark), Distribution Channel (Supermarket & Hypermarket, Online), Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global organic chocolate spreads market size is expected to reach USD 834.0 million by 2028, registering a CAGR of 4.8% over the forecast period.
Increasing consumption of chocolate-based spreads as a part of the breakfast meal coupled with consumer inclination towards organic and natural food products is expected to be a key factor driving the market over the forecast period.
The hazelnut segment accounted for the largest share of the market in 2020 and will expand further at a steady CAGR from 2021 to 2028 due to rising product innovation in this segment. For instance, in October 2019, Rigoni di Asiago launched the Nocciolata Bianca Hazelnut Spread, which is gluten-free and is high in protein. Companies all over the globe, especially start-ups, have been focusing on making products available to consumers through online distribution channels. Moreover, the increasing influence of western food habits in the Asia Pacific region has significantly increased the salability of the product in the market.
Supermarkets & hypermarkets emerged as the largest distribution channel segment in 2020 accounting for a revenue share of over 50%. These stores focus on customer satisfaction and specific food categories pertaining to organic products. Also, the availability of complete household items of all brands in one place drives the segment growth.
Europe emerged as the largest regional market in 2020 with a revenue share of more than 40%. Europe is also a key market for certified organic cocoa in the world. Furthermore, European brands benefit from a large consumer base across countries, such as Germany, the U.K., and Switzerland. The increasing trend of snacking among younger European consumers further fuels the market growth.
Organic Chocolate Spreads Market Report Highlights
- The dark chocolate segment is expected to register the fastest growth rate of 5.8% during forecast years owing to the increasing awareness about the health benefits of the product
- The online distribution channel is expected to register the fastest growth during forecast years
- Europe held the largest revenue share of the market in 2020 due to the high demand for organic food in the region
- The hazelnut segment held the largest revenue share in 2020 due to the wide popularity of hazelnut-based products among consumers
Key Topics Covered:
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.4. Information Analysis
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. Application Outlook
2.4. Competitive Insights
Chapter 3. Organic Chocolate Spread Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on the Organic Chocolate Spread Market
3.4. Industry Value Chain Analysis
3.5. Market Dynamics
3.6. Business Environment Analysis
3.7. Roadmap of Organic Chocolate Spread Market
3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Demographic Analysis
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Organic Chocolate Spread Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2020 & 2028
5.2. Hazelnut
5.3. Duo
5.4. Milk
5.5. Dark
5.6. Others
Chapter 6. Organic Chocolate Spread Market: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2020 & 2028
6.2. Hypermarket & Supermarket
6.3. Online
6.4. Others
Chapter 7. Organic Chocolate Spread Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2020 & 2028
7.2. North America
7.3. Europe
7.4. Asia Pacific
7.5. Central & South America
7.6. Middle East & Africa
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
Chapter 9. Company Profiles
- Nutiva Inc.
- Rigoni di Asiago
- Phalada Pure & Sure
- ASKINOSIE CHOCOLATE, LLC
- The Organic Family Ltd. (Mr. Organic)
- Cocofina
- Mason & Co
- BIONA
- Artisana Organics
- Pana Organic
For more information about this report visit https://www.researchandmarkets.com/r/k4s8xd