The global Organic Chocolate Confectionery market size is expected to be worth around US$ 2,397.6 Mn by 2030, according to a new report by Vision Research Reports.
The global Organic Chocolate Confectionery market size was valued at US$ 924.1 Mn in 2020 and is anticipated to grow at a CAGR of 10.8% during forecast period 2021 to 2030.
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Growth Factors
Increasing preference for organic food products is a major factor contributing to the growth of the market. Rapid consumerism and rising disposable income levels are bolstering the market growth. Furthermore, several market players have introduced strategies for branding their chocolate confectionery in novel ways, such as organic versions.
This has also resulted in the growing consumption of these items, especially dark chocolate. The supermarkets & hypermarkets segment accounted for the largest revenue share in 2020. A large number of consumers prefer buying organic chocolate confectioneries from hypermarkets & supermarkets due to the shopping experience offered by these stores. Physical verification of these items, as well as expert assistance, is a significant factor in the development of this distribution channel.
Report Highlights
The boxed segment accounted for the highest revenue share of more than 72% in 2020 and is expected to register a CAGR of 10.9% over the forecast period from 2021 to 2028. Organic boxed assortments are one of the most popular gift options across the globe. A large number of consumers prefer gifting luxurious boxed chocolates for various occasions. Therefore, factors, such as packaging aesthetics, craftsmanship, quality & origin of cocoa, and flavors, play important role in influencing the buying decision of consumers.
The supermarkets/hypermarkets distribution channel segment accounted for a revenue share of more than 51% in 2020. Because of the shopping experience provided by these stores, many customers prefer to purchase organic chocolate confectionery from hypermarkets and supermarkets. Physical verification of the product, along with expert assistance, is a significant factor in the development of this segment. In addition, shoppers often purchase confectioneries impulsively at the checkout points of hypermarkets & supermarkets.
The online segment is expected to register the fastest CAGR of 11.4% from 2021 to 2030. The segment includes e-commerce sites and company websites. The convenience of shopping provided by online distribution channels is expected to drive the segment growth. Transactions have become much simpler due to simple payment systems that comply with the regulatory requirements of various countries. Major manufacturers focus on online distribution channels to attract new consumers.
The organic milk type segment accounted for the highest revenue share of over 59% in 2020 and is estimated to grow at a steady CAGR from 2021 to 2030. The use of milk chocolate bars has become extremely popular in cooking and baking. The product is a popular ingredient in a variety of cakes, pastries, and confections. Cakes, vegetables, and nuts are also coated with it.These bars are also available in different variants and include ingredients, such as almonds, honey, caramel, and nougat; which are extremely popular with customers. The organic dark chocolate confectionery segment is expected to register the fastest CAGR of 10.1% over the forecast period from 2021 to 2030. The worldwide movement of veganism has had a major impact on the adoption of these products. Moreover, due to their ease of use and availability, these variants have become extremely common in recent years.
Europe accounted for the largest revenue share of over 52% in 2020. The markets in France and Belgium have been witnessing considerable growth in the recent past. The regional market growth is driven by increased production of artisanal chocolates, constant innovations in terms of flavors, and in-store promotions. Consumers are looking for high-quality products that are good for their health and the environment.
North America is expected to register a CAGR of 10.7% from 2021 to 2030. Rising awareness levels about health benefits associated with the consumption of the product, along with increasing interest in premium and seasonal chocolets, have been driving the regional market.
| Report Coverage | Details |
| Market Size | US$ 2,397.6 Mn by 2030 |
| Growth Rate | CAGR 10.8% From 2021 to 2030 |
| Base Year | 2020 |
| Forecast Year | 2021 to 2030 |
| Segments Covered | Product, Type, Distribution Channel, Region |
| Companies Mentioned | Pascha Chocolate Co., Theo Chocolate, Inc., Rococo Chocolates London Ltd., Pana Organic, Original Beans, Doisy And Dam, Green and Black’s, Lake Champlain Chocolates, Love Cocoa,Daylesford Organic Ltd.,K’UL CHOCOLATE,Seed & Bean,Taza Chocolate, Alter Eco, Equal Exchange Coop. |
Key Players
Market Segmentation
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