Organically Produced Dark Chocolate Becoming the In-Thing in Several Parts of the World: Fact.MR Report
Organically Produced Dark Chocolate Becoming the In-Thing in Several Parts of the World: Fact.MR Report
As per a newly published study by Fact.MR, a market research and competitive intelligence provider, the global dark chocolate market is expected to reach a value of US$ 69.97 billion in 2024. Worldwide sales of dark chocolate are forecasted to rise at a CAGR of 7.2% from 2024 to 2034.
Growing awareness about the health attributes related to dark chocolates is driving more consumers toward them. Companies are highlighting the nutritional aspects of dark chocolate, such as minerals, antioxidants, and others on their packaging to leverage this trend. Increasing brand awareness is also accelerating demand for super-premium and premium dark chocolate products with exotic sourcing, innovative formats, and novel flavors.
Technological advancements taking place in chocolate manufacturing, such as ingredient treatments, advanced processing equipment, packaging solutions, and organic sourcing, are helping manufacturers launch differentiated products with improved shelf life. Innovations in textures, flavor blends, and product formats and forms, such as on-the-go and ready-to-drink products, are also complementing global market growth.
For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=10244
Key Takeaway from Market Study:
“Rising focus of market players on producing clean label and organic dark chocolate products is attributed to the growing preference for natural and premium ingredients in several parts of the world,”says a Fact.MR analyst.
Leading Players Driving Innovation in the Dark Chocolate Market:
Mondelez International; The Hershey Company; GCPPL Ltd.; Agostoni Chocolate; Barry Callebaut; Nestlé SA; Unilever and Mars Incorporated; Ghirardelli Chocolate Co.; Chocolatiers (UK) Ltd.; Godiva; Lindt & Sprungli AG; Patchi; Blommer Chocolate Company.
Increasing Demand for Organic Dark Chocolate for its Low- or No-sugar Content
Global sales of organic dark chocolate are approximated to climb at a CAGR of 7.5% and reach US$ 77.7 billion by 2034. Growing preference for low- or no-sugar chocolate products, along with increasing demand for single-origin chocolate, is a key factors generating lucrative opportunities for market players. In addition, growing preference for sustainable, ethical, and healthier practices in chocolate manufacturing is pushing market growth further.
Dark Chocolate Market News:
Nestlé SA is one of the prominent producers of dark chocolate. The organization is continuously working to diversify its portfolio with the launch of new dips and chocolates.
Get Customization on this Report for Specific Research Solutions:https://www.factmr.com/connectus/sample?flag=S&rep_id=10244
More Valuable Insightson Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the dark chocolate market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on type (organic, conventional), application (food & beverages, pharmaceuticals, cosmetics), and sales channel (modern trade, specialty stores, departmental stores, pharmaceutical & confectionary stores, online stores), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
Check out More Related Studies Published by Fact.MR Research:
Chocolate is an ever-growing and ever-popular industry. With the increase in variety and flavors in chocolates available these days, the demand for chocolates is enormous in the market. The demand for low-fat dark chocolate is propelling on account of innovations such as nuts inside chocolates that contain fillings.
The global industrial chocolate market is estimated to be valued at US$ 62.4 billion in 2023 and reach US$ 97 billion by 2033, expanding at a CAGR of 4.5% from 2023 to 2033.
The global candy & chocolate manufacturing market is estimated to reach a value of US$ 245.97 billion in 2024 and is forecasted to expand at a CAGR of 2.4% to reach US$ 313.33 billion by 2034.
Dairy-free chocolate is prepared from vegan milk, which retains the flavor and properties of regular milk in the chocolate. The demand for dairy-free chocolate is projected to increase over the forecast period, owing to increasing allergies and lactose intolerance associated with milk products among consumers.
The global chocolate ingredient market has been projected to reach a size of US$ 16.8 billion in 2024. Forecasts are that the market will increase to a value of US$ 23.69 billion by the end of 2034, expanding at a CAGR of 3.5% over the next ten years (2024 to 2034).
The global compound chocolate market is estimated to be US$ 27.5 billion in 2024 and has been forecasted to expand at a noteworthy CAGR of 4.8% to end up at US$ 44.1 billion by 2034.
Dark chocolate is a type of chocolate that contains a higher percentage of cocoa solids and cocoa butter than milk chocolate, and it typically has little to no milk solids.
CAGR stands for Compound Annual Growth Rate, a useful measure that indicates the mean annual growth rate of an investment over a specified time period longer than one year.
Antioxidants are compounds that help protect the body from damage caused by harmful molecules known as free radicals. They are found in various foods, including dark chocolate.
Organic chocolate is made from cocoa beans that are grown without the use of synthetic fertilizers, pesticides, or genetically modified organisms (GMOs), adhering to organic farming standards.
Premium chocolate refers to high-quality chocolate that often contains superior ingredients, unique flavors, and is typically produced in smaller batches compared to mass-produced chocolate.
Explore more articles in the Research Reports category
