Global Organic Chocolate Market 2017-2021
About Organic Chocolate
Organic chocolate is chocolate made from organic raw materials such as organic cocoa, sugar, milk, and others. Organic cocoa production accounts for only 0.6% of the world's total cocoa production, and this implies that organic chocolate accounts for a very small share of the global chocolate market. Nearly 90% of the cocoa is produced on small farms. Côte d'Ivoire and Ghana are the world's primary producers of cocoa.
Technavio’s analysts forecast the global organic chocolate market to grow at a CAGR of 2.38% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global organic chocolate market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of organic dark chocolates, organic milk chocolates, and organic white chocolates.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Organic Chocolate Market 2017-2021
Technavio recognizes the following companies as the key players in the global organic chocolate market: Artisan Confections Company, GREEN & BLACK'S, Newman's Own, Taza Chocolate, NibMor, and EQUAL EXCHANGE COOP.
Other Prominent Vendors in the market are: ALTER ECO, Chocolat Bernrain AG/ Chocolat Stella, Endangered Species Chocolate, Giddy Yoyo, Lake Champlain Chocolates, Mason & Co., Rococo chocolates, The Grenada Chocolate Company, and The Raw Chocolate Company.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing popularity of artisanal organic chocolate. Organic chocolate is often produced in small batches. This is because production in small batches provides uniqueness to the chocolate produced and helps manufacturers to price it high.”
According to the report, one driver in the market is increasing demand for organic and better-for-you products. Organic chocolate is becoming popular due to its health benefits. Organic raw chocolate is a healthy superfood, which contains vitamins, minerals, and antioxidants. It does not contain chemicals, pesticides, fillers, and preservatives. Organic cocoa contains minerals such as copper, manganese, zinc, sulfur, and rich B-vitamins like niacin.
Further, the report states that one challenge in the market is stringent rules and regulations. The need to comply with the stringent regulations and guidelines issued by the various government bodies is a key factor that can negatively affect the growth of the market during the forecast period. Organic chocolate must contain certified organic ingredients to be called organic. In other words, they should not contain pesticides and genetically modified ingredients.
Artisan Confections Company, GREEN & BLACK'S, Newman's Own, Taza Chocolate, NibMor, EQUAL EXCHANGE COOP, ALTER ECO, Chocolat Bernrain AG/ Chocolat Stella, Endangered Species Chocolate, Giddy Yoyo, Lake Champlain Chocolates, Mason & Co., Rococo chocolates, The Grenada Chocolate Company, and The Raw Chocolate Company.
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