The global Organic Chocolate Spreads market size is expected to be worth around US$ 934.0 Mn by 2030, according to a new report by Vision Research Reports.
The global Organic Chocolate Spreads market size was valued at US$ 581.0 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 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 2030 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.
Report Highlights
The hazelnut product segment accounted for the highest revenue share of more than 48% in 2020. Hazelnut promotes heart health and is highly nutritious as it contains vitamins, minerals, antioxidant compounds, and healthy fats. These are among the key factors driving the popularity of the product. Hazelnut is a rich source of dietary fiber that helps regulate bowel movements and is recommended by health experts. Thus, consumers’ inclination towards hazelnut as a healthy and tasty food ingredient is encouraging manufacturers to incorporate it in maximum food items.
The dark chocolate segment is projected to register the fastest growth during the forecast period. Dark chocolate-based variants are loaded with minerals, such as calcium & iron, as well as vitamins. Consuming dark chocolate that has significant cocoa content offers several health benefits including improved heart health and brain function. Also, dark chocolate is popular among consumers looking for a strong taste as it has a higher percentage of cocoa, which makes it bitter and less sweet than any other type of chocolate spread. Manufacturers, such as Biona and Askinosie Chocolate, offer dark chocolate spreads that can be included in daily diets.
Supermarkets and hypermarkets held a revenue share of more than 51% in the global market in 2020. Supermarkets and hypermarkets are self-service superstores that sell a variety of products ranging from food, household items, and general merchandise to organic foods, such as chocolate spreads. Supermarkets cater to all the requirements of consumers under one roof.
Europe held the largest share in the global market of more than 54% in 2020. Europe houses some of the world’s most revenue-generating countries, such as Russia, Spain, and Switzerland for organic foods owing to a large number of exports. Europe is the world’s largest chocolate producer and also has a maximum number of organic certified companies, which also manufacture spreads. In addition, increasing organic and fair-trade certified cocoa companies and growing sales of organic products in the region are likely to favor the regional market growth. Furthermore, the high millennial and Gen Z population in the region is expected to generate a noteworthy demand for the product.
| Report Coverage | Details |
| Market Size | US$ 934.0 Mn by 2030 |
| Growth Rate | CAGR of 10.8% From 2021 to 2030 |
| Base Year | 2020 |
| Forecast Year | 2021 to 2030 |
| Segments Covered | Product, Distribution Channel, Region |
| Companies Mentioned | 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 |
Key Players
Market Segmentation
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Organic Chocolate Spreads Market, By Product
7.1. Organic Chocolate Spreads Market, by Product, 2021-2030
7.1.1. Hazelnut
7.1.1.1. Market Revenue and Forecast (2016-2030)
7.1.2. Duo
7.1.2.1. Market Revenue and Forecast (2016-2030)
7.1.3. Milk
7.1.3.1. Market Revenue and Forecast (2016-2030)
7.1.4. Dark
7.1.4.1. Market Revenue and Forecast (2016-2030)
7.1.5. Others
7.1.5.1. Market Revenue and Forecast (2016-2030)
Chapter 8. Global Organic Chocolate Spreads Market, By Distribution Channel
8.1. Organic Chocolate Spreads Market, by Distribution Channel, 2021-2030
8.1.1. Hypermarket & Supermarket
8.1.1.1. Market Revenue and Forecast (2016-2030)
8.1.2. Online
8.1.2.1. Market Revenue and Forecast (2016-2030)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2016-2030)
Chapter 9. Global Organic Chocolate Spreads Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2016-2030)
9.1.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2016-2030)
9.1.3.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2016-2030)
9.1.4.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2016-2030)
9.2.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2016-2030)
9.2.3.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2016-2030)
9.2.4.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2016-2030)
9.2.5.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2016-2030)
9.2.6.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2016-2030)
9.3.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2016-2030)
9.3.3.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2016-2030)
9.3.4.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2016-2030)
9.3.5.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2016-2030)
9.3.6.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2016-2030)
9.4.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2016-2030)
9.4.3.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2016-2030)
9.4.4.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2016-2030)
9.4.5.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2016-2030)
9.4.6.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2016-2030)
9.5.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2016-2030)
9.5.3.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2016-2030)
9.5.4.2. Market Revenue and Forecast, by Distribution Channel (2016-2030)
Chapter 10. Company Profiles
10.1. Nutiva, Inc.
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Rigoni di Asiago
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Phalada Pure & Sure
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Askinosie Chocolate, LLC
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. The Organic Family Ltd. (Mr. Organic)
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Cocofina
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Mason & Co.
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. BIONA
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Artisana Organics
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Pana Organic
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
Glossary of Terms
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