Global Organic Chocolate Confectionery Market by Distribution Channel (Super/Hypermarkets, Online), by Type (Milk, Dark), by Product (Chips & Bites, Molded Bars) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global organic chocolate confectionery market was valued at USD 824 million in 2020. It is expected to grow at 6.8% compound annual growth rate (CAGR), between 2021 and 2028. The market's growth is due to consumers becoming more interested in healthy foods. To increase their product awareness, chocolate confectionery manufacturers engage in a variety of marketing and promotional activities. The market was disrupted by the COVID-19 epidemic. While mainstream chocolate consumption was stable, craft chocolate suffered from severe shortages. Global recession of 2020 had an impact on consumers' purchasing power. According to a National Confectioners Association report, the pandemic caused a decline in confectionery demand in the United States.

In 2020, sales of chocolate confectioneries fell as they are more often eaten out of the home or on the move. The market is also being supported by factors such as rising disposable incomes and growing consumer interest. Many market players also have innovative branding strategies for chocolate confectionery products, including healthy versions.

In addition, customers are more likely to buy chocolates if they see attractive packaging and other creative branding activities. Marketing campaigns that target children are also gaining popularity in this market. One of the many factors driving this market is increasing awareness about the nutritional value of cocoa-rich chocolat. Dark chocolate is rich in iron, magnesium, copper and other minerals like potassium, phosphorous and zinc.

Dark chocolate is rich in antioxidants that help protect skin from the harmful effects of the sun. Both developed and developing nations are more conscious about their health, so organic foods without synthetic additives are in high demand. E-commerce offers producers a wider range of selling channels and has increased their market potential.

Product Insights

Boxed products accounted for 62% of the total revenue in 2020. They are expected to grow at 6.9% annually over the forecast period 2021-2028. Organic boxed selections are a popular choice for gifts. Many people prefer to gift luxurious boxes of chocolates for different occasions. Consumers are influenced by many factors such as the packaging design, craftsmanship, quality, origin, cocoa origin, and flavors.

The fastest expected growth rate is in the chips and bites segment during the forecast period. To limit their chocolate consumption, consumers in developed countries like the U.S. are choosing organic chocolate confectionery bites. This has created growth opportunities for manufacturers to invent in smaller stock-keeping units (SKUs).

Distribution Channel Insights

The supermarkets/hypermarkets distribution channel segment accounted for a revenue share of more than 51% in 2020. Many customers prefer to buy organic chocolate confectionery from supermarkets and hypermarkets due to the convenience of these stores. This segment has seen significant growth due to expert assistance and physical verification of the product. Additionally, many shoppers buy confectioneries impulsively at supermarket checkouts.

Online is expected to grow at 9.4% annually between 2021 and 2028. This segment includes both e-commerce websites and company websites. Segment growth is expected to be driven by the convenience offered by online distribution channels. Simple payment systems, which comply with various regulatory requirements in different countries, have made transactions much easier. To attract new customers, major manufacturers are focusing on online distribution channels.

Type Insights

Organic milk was the largest segment in terms of revenue, accounting for 59% of total revenue in 2020. It is expected to grow at a steady CAGR between 2021 and 2028. Milk chocolate bars are very popular in baking and cooking. It is used in many confections, pastries, cakes and other baked goods. It can also be used to coat vegetables and nuts.

These bars can also be made in different varieties and contain ingredients such as nougat, honey, caramel and honey. They are very popular with customers. In the period 2021-2028, the organic dark chocolate confectionery market is projected to experience the highest CAGR at 7.1%. These products have been greatly affected by the worldwide vegan movement. These variants are also easy to use and readily available, making them extremely popular in recent years.

Regional Insights

Europe was responsible for 42% of the total revenue in 2020. In recent years, Belgium and France have seen significant growth. The region's market growth is due to increased production of artisanal chocolats, in-store promotions, and constant innovation in terms of flavor. High-quality products are important to consumers as they are good for the environment and their health.

From 2021 to 2028, North America will experience a 6.7% CAGR. The regional market has been driven by rising awareness about the health benefits of the product and increasing interest in premium and seasonal chocolates. The North American market has seen a lot of interest in organic and fair-trade certified food products over the last few years.

Market Share Insights & Key Companies

Global markets are characterized by a small number of established companies as well as several smaller and medium-sized companies. Market players are known to have a number of strategic strategies, including mergers and acquisitions. These are some of the major players in the global organic chocolate confectionery industry:

• Pascha Chocolate Co.

• Theo Chocolate, Inc.

• Rococo Chocolates London Ltd.

• Pana Organic

• Original beans

• Doisy and Dam

• Green and Black

• Lake Champlain Chocolates

• Cocoa is my favorite drink

• Daylesford Organic Ltd.

• K'UL CHOCOLATE

• Seed and Bean

• Taza Chocolate

• Alter Eco

• Equal Exchange Coop.

Up Market Research published a new report titled “Organic Chocolate Confectionery Market research report which is segmented by Distribution Channel (Super/Hypermarkets, Online), by Type (Milk, Dark), by Product (Chips & Bites, Molded Bars), By Players/Companies Pascha Chocolate Co, Theo Chocolate, Pana Organic, Doisy And Dam, Original Beans, Inc, Rococo Chocolates London Limited, Green and Black's”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Organic Chocolate Confectionery Market Report Segments:

The market is segmented by Distribution Channel (Super/Hypermarkets, Online), by Type (Milk, Dark), by Product (Chips & Bites, Molded Bars).

Organic Chocolate Confectionery Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Organic Chocolate Confectionery Market

Overview of the regional outlook of the Organic Chocolate Confectionery Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Organic Chocolate Confectionery Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Organic Chocolate Confectionery Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Super/Hypermarkets

                2. Online

                1. Milk

                2. Dark

                1. Chips & Bites

                2. Molded Bars

9. Market scenario by region, sub-region, and country.
10. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
11. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
12. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Organic Chocolate Confectionery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Organic Chocolate Confectionery Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.