The growing awareness of the health benefits offered by gluten-free foods is driving the consumption of gluten-free chocolate. Benefits include improved digestion, reduced inflammation of the intestine, and boost good cholesterol levels. Gluten free-diet benefits children with autism as they are sensitive to process pesticides and proteins in foods containing gluten. Awareness of the celiac disease has further increased the demand for gluten-free food products, including gluten-free chocolates. The increasing consumption of gluten-free foods is expected to drive the growth of the market at a CAGR of over 13% during 2019-2023.
Governments across the world are taking initiatives to increase awareness about the health risks associated with gluten consumption. Many health groups and organizations are educating people about the impact of gluten food consumption. The increasing awareness programs about the consumption of gluten food will have a positive impact on the growth of the global gluten-free chocolate market size.
The high-costs of gluten-free chocolates are restricting their demand among consumers. The cost of equipment and ingredients that are used to produce gluten-free chocolates are typically more expensive. Such a high expenditure adds to the manufacturer’s production costs which have an inflationary impact on the prices of gluten-free chocolates. This is expected to hinder the growth of the global gluten-free chocolate market.
For the detailed list of factors that will drive and challenge the growth of the gluten-free chocolate market size during 2019-2023, view our report.
The market appears to be moderately concentrated with few players occupying the market share. Companies such as Endangered Species Chocolate and Mondelēz International have intensified competition. Factors such as increasing consumption of gluten-free products and the growing support group for gluten-free food consumption will provide significant growth opportunities for gluten-free chocolate manufacturers. Endangered Species Chocolate, Mondelēz International, NibMor, The Hershey Company, and Vosges are some of the major companies covered in this report