The Europe Organic Chocolate Spreads Market would witness market growth of 5.1% CAGR during the forecast period (2021-2027).
The chocolate spread is becoming an important part of every breakfast. The increasing health consciousness among people resulted in massive demand for low-calorie spreads. The jam and marmalade are substituted by chocolate spreads and peanut butter. Thus, it has become one of the most popular breakfast spreads owing to its low fat and high nutritional content. The new brands in the market are providing stiff competition to the well-established brands with the key driving factors like continuous product innovation. In western culture, chocolate spreads are a vital part of traditional breakfast. Thus, the market of organic chocolate spreads is expected to see high growth in the western world which will boost the spread market over the coming years.
Health-conscious consumers are also focused to include only plant-based items in their meals. Organic chocolate spreads contain natural ingredients and are very nutritious. It is rich in micronutrients, minerals, and vitamins. The organic chocolate spreads market is likely to see significant growth due to the increasing acceptance of bread in daily diets mainly among the urban population. Chocolate spreads are nowadays used as a substitute for butter due to their high nutritive value, low-fat content, and easy spreadability at refrigeration temperatures.
The demand for organic chocolate spreads in Europe is high due to the rapidly changing lifestyles of the people. This has resulted into the shortage of times for making homemade recipes and thus, the demand for readymade products has increased. Other factors that are boosting the market growth include high consumer awareness and high shelf visibility of these products in the retail chains. All these factors are likely to boost the demand for organic chocolate spreads in the European market over the forecast period.
The Germany market dominated the Europe Milk Organic Chocolate Spreads Market by Country 2020, thereby, achieving a market value of $18.6 million by 2027. The UK market is exhibiting a CAGR of 3.4% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 5% during (2021 - 2027).
Based on Product, the market is segmented into Hazelnut, Duo, Milk, Dark and Others. Based on Distribution Channel, the market is segmented into Hypermarket & Supermarket, Online and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Organic Chocolate Spreads Market Size will Hit $826 Million by 2027, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nutiva, Inc., Rigoni di Asiago, Phalada Pure & Sure (Phalada Agro Research Foundations Pvt. Ltd.), Askinosie Chocolate, LLC, The Organic Family Ltd. (Mr. Organic), Cocofina Limited, Mason & Co., BIONA Organic, Artisana Organics (Premier Organics Inc.), and Pana Organic.
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