Gluten-free Chocolate Market Expected To Witness A Substantial Growth Of $2.37 Billion By 2025: Grand View Research Inc.

 

The global gluten-free chocolate market size is projected to reach USD 2.37 billion by 2025 expanding at a CAGR of 7.8%, according to a new report by Grand View Research, Inc. Increasing prevalence of celiac disease is the key factor driving the product demand. Moreover, gluten-free chocolates are a healthier option than the usual chocolates, which is also driving their demand. Rising concerns regarding a large number of undiagnosed cases of individuals with gluten allergy or gluten intolerance may have a negative impact on the market growth over the coming years.

Amidst the global pandemic crisis and the indefinite lockdown across nations, the consumer food & beverage industry first witnessed high demand for household staples, healthy food items, and consumables with longer shelf lives. The demand for frozen food products, fruits & vegetables, eggs, flour, and whole grains, among others, witnessed a considerable increase during the early stages of the crisis. Presently, most companies in the industry are faced with low consumption of their products and supply chain challenges. The companies are focusing more on altering their supply chains in order to reinforce their online presence and delivery measures, in an attempt to adapt to the present business environment. The changes in consumer buying behavior and the dynamic shifts towards online and D2C distribution channels may have serious implications on the near future growth of the industry. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.

The dark chocolate product segment holds the largest share in the market owing to its growing popularity. Rising awareness regarding the health benefits of dark chocolate, such as lowered levels of stress and risks of neurodegenerative disorders like Alzheimer’s disease, will boost the demand further. Other benefits include improved blood circulation, memory, and ability to focus and lowered anxiety levels.

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North America held the largest share of the global market in 2018 and will expand further due to high number of cases of celiac disease in U.S. The manufacturers in North America focus on providing high-quality products by using latest production techniques, which is also driving the region’s growth.

Further key findings from the study suggest:

• Dark chocolate is projected to be the largest type segment; however, the white chocolate segment will expand at the highest CAGR of 8.0% from 2019 to 2025
• North America led the global gluten-free chocolate market in 2018 and is projected to retain its position over the forecast years
• Key companies in the market are Endangered Species, EnviroKidz, Alter Eco, NibMor Daly Dose, Taza Chocolate, NuGo, Schär, and Raw Revolution
• These manufacturers focus more on product development, capacity expansion, and M&A to gain a higher market share

The region is marked with the presence of a number of key manufacturers, which drives the market further. Some of these companies include Hershey’s and Nestle, which are the largest contributors in the U.S. market. They focus more on providing high-quality products by using latest production techniques, which is also driving the region’s growth.
However, constant product innovation, in terms of flavors, by major companies will augment the product demand. Led by U.S., the market in North America is expected to witness the maximum growth over the forecast period. This can be attributed to the factors, such as high standards of living and health consciousness among consumers.

On the basis of type, the market is classified into dark, milk, white, and other chocolates. White chocolate segment is anticipated to witness the fastest CAGR from 2019 to 2025. On the other hand, gluten-free dark chocolate segment holds the largest share of the global market owing to its rising popularity across the globe. In addition, increasing awareness regarding the health benefits of dark chocolate, such as lowered levels of stress and risks of neurodegenerative disorders like Alzheimer’s disease, will boost the demand further. Other benefits include improved blood circulation, memory, and ability to focus and lowered anxiety levels.

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Some of the prominent companies in this market are Endangered Species, EnviroKidz, Alter Eco, NibMor Daly Dose, Taza Chocolate, NuGo, Schar, and Raw Revolution. Most of them are focusing more on several supply chain strategies, M&A, and product innovation for business expansion purposes. For instance, In January 2018, NibMor launched a new gluten-free, bite-sized organic dark chocolate with wild maine blueberries and 72% of cocoa.

Grand View Research has segmented the global gluten-free chocolate market on the basis of type, distribution channel:

Gluten-free Chocolate Type Outlook (Revenue, USD Million, 2015 - 2025)

·         Dark

·         White

·         Milk

·         Others

Gluten-free Chocolate Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

·         Retail and Supermarket

·         Online Platform

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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