The Latin America, Middle East and Africa Organic Chocolate Spreads Market would witness market growth of 8.4% CAGR during the forecast period (2021-2027).
Earlier, it was believed that the key consumers of organic chocolate spread are only children and young people. However, in recent years, the demand for organic chocolate spread has been increased among old age groups also. It is likely to boost the growth of the chocolate spread market over the forecast period. Another factor that is contributing to the growth of the chocolate spread market is the surge in the disposable income and expenditure power of the consumers. This has increased the purchasing power of the people for these products and they are more willing to explore new brands and flavors of the products. The chocolate spread has become an integral part of every breakfast for both children as well as old age people.
The food industry in Africa is gradually flourishing. The number of consumers of organic foods has been increased as individuals are becoming more health-conscious. The benefits of organic chocolate spreads are now known by people, and they are willing to pay more due to increasing disposable income. New product development makes organic chocolate spreads more natural and authentic. Brands and manufacturers of organic chocolate spreads are focused to bring their product that is proved to add fantastic taste to homemade recipes to convince their consumers.
The demand for organic chocolate spreads is also triggered in this region due to increasing urbanization and changing lifestyles. Due to the increasing number of working and professional people, there is a lack of time for making homemade preserves that are promoting the usage of readymade spreads. All these factors are likely to boost the growth of the market in this region.
The Hazelnut market dominated the Saudi Arabia Organic Chocolate Spreads Market by Product in 2020, thereby, achieving a market value of $1.7 million by 2027. The Duo market is estimated to grow at a CAGR of 9.6% during (2021 - 2027). The Milk market is showcasing a CAGR of 8.2% during (2021 - 2027). Additionally, The Dark market is expected to witness highest CAGR of 9.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Organic Chocolate Spreads Market is Predict to reach $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.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Hazelnut
- Duo
- Milk
- Dark
- Others
By Distribution Channel
- Hypermarket & Supermarket
- Online
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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.)
- Pana Organic
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Organic Chocolate Spreads Market, by Product
1.4.2 LAMEA Organic Chocolate Spreads Market, by Distribution Channel
1.4.3 LAMEA Organic Chocolate Spreads Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Organic Chocolate Spreads Market by Distribution Channel
3.1 LAMEA Organic Chocolate Spreads Hypermarket & Supermarket Market by Country
3.2 LAMEA Organic Chocolate Spreads Online Market by Country
3.3 LAMEA Organic Chocolate Spreads Others Market by Country
Chapter 4. LAMEA Organic Chocolate Spreads Market by Product
4.1 LAMEA Hazelnut Organic Chocolate Spreads Market by Country
4.2 LAMEA Duo Organic Chocolate Spreads Market by Country
4.3 LAMEA Milk Organic Chocolate Spreads Market by Country
4.4 LAMEA Dark Organic Chocolate Spreads Market by Country
4.5 LAMEA Others Organic Chocolate Spreads Market by Country
Chapter 5. LAMEA Organic Chocolate Spreads Market by Country
5.1 Brazil Organic Chocolate Spreads Market
5.1.1 Brazil Organic Chocolate Spreads Market by Distribution Channel
5.1.2 Brazil Organic Chocolate Spreads Market by Product
5.2 Argentina Organic Chocolate Spreads Market
5.2.1 Argentina Organic Chocolate Spreads Market by Distribution Channel
5.2.2 Argentina Organic Chocolate Spreads Market by Product
5.3 UAE Organic Chocolate Spreads Market
5.3.1 UAE Organic Chocolate Spreads Market by Distribution Channel
5.3.2 UAE Organic Chocolate Spreads Market by Product
5.4 Saudi Arabia Organic Chocolate Spreads Market
5.4.1 Saudi Arabia Organic Chocolate Spreads Market by Distribution Channel
5.4.2 Saudi Arabia Organic Chocolate Spreads Market by Product
5.5 South Africa Organic Chocolate Spreads Market
5.5.1 South Africa Organic Chocolate Spreads Market by Distribution Channel
5.5.2 South Africa Organic Chocolate Spreads Market by Product
5.6 Nigeria Organic Chocolate Spreads Market
5.6.1 Nigeria Organic Chocolate Spreads Market by Distribution Channel
5.6.2 Nigeria Organic Chocolate Spreads Market by Product
5.7 Rest of LAMEA Organic Chocolate Spreads Market
5.7.1 Rest of LAMEA Organic Chocolate Spreads Market by Distribution Channel
5.7.2 Rest of LAMEA Organic Chocolate Spreads Market by Product
Chapter 6. Company Profiles
6.1 Nutiva, Inc.
6.1.1 Company Overview
6.2 Rigoni di Asiago
6.2.1 Company Overview
6.2.2 Recent strategies and developments:
6.2.2.1 Product Launches and Product Expansions:
6.3 Phalada Pure & Sure (Phalada Agro Research Foundations Pvt. Ltd.)
6.3.1 Company Overview
6.4 Askinosie Chocolate, LLC
6.4.1 Company Overview
6.5 The Organic Family Ltd. (Mr. Organic)
6.5.1 Company Overview
6.6 Cocofina Limited
6.6.1 Company Overview
6.7 Mason & Co.
6.7.1 Company Overview
6.8 BIONA Organic
6.8.1 Company Overview
6.9 Artisana Organics (Premier Organics Inc.)
6.9.1 Company Overview
6.10. Pana Organic
6.10.1 Company Overview
TABLE 2 LAMEA Organic Chocolate Spreads Market, 2021 - 2027, USD Million
TABLE 3 LAMEA Organic Chocolate Spreads Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 4 LAMEA Organic Chocolate Spreads Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 5 LAMEA Organic Chocolate Spreads Hypermarket & Supermarket Market by Country, 2017 - 2020, USD Million
TABLE 6 LAMEA Organic Chocolate Spreads Hypermarket & Supermarket Market by Country, 2021 - 2027, USD Million
TABLE 7 LAMEA Organic Chocolate Spreads Online Market by Country, 2017 - 2020, USD Million
TABLE 8 LAMEA Organic Chocolate Spreads Online Market by Country, 2021 - 2027, USD Million
TABLE 9 LAMEA Organic Chocolate Spreads Others Market by Country, 2017 - 2020, USD Million
TABLE 10 LAMEA Organic Chocolate Spreads Others Market by Country, 2021 - 2027, USD Million
TABLE 11 LAMEA Organic Chocolate Spreads Market by PRODUCT, 2017 - 2020, USD Million
TABLE 12 LAMEA Organic Chocolate Spreads Market by PRODUCT, 2021 - 2027, USD Million
TABLE 13 LAMEA Hazelnut Organic Chocolate Spreads Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Hazelnut Organic Chocolate Spreads Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Duo Organic Chocolate Spreads Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Duo Organic Chocolate Spreads Market by Country, 2021 - 2027, USD Million
TABLE 17 LAMEA Milk Organic Chocolate Spreads Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA Milk Organic Chocolate Spreads Market by Country, 2021 - 2027, USD Million
TABLE 19 LAMEA Dark Organic Chocolate Spreads Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Dark Organic Chocolate Spreads Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA Others Organic Chocolate Spreads Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Others Organic Chocolate Spreads Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Organic Chocolate Spreads Market by Country, 2017 - 2020, USD Million
TABLE 24 LAMEA Organic Chocolate Spreads Market by Country, 2021 - 2027, USD Million
TABLE 25 Brazil Organic Chocolate Spreads Market, 2017 - 2020, USD Million
TABLE 26 Brazil Organic Chocolate Spreads Market, 2021 - 2027, USD Million
TABLE 27 Brazil Organic Chocolate Spreads Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 28 Brazil Organic Chocolate Spreads Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 29 Brazil Organic Chocolate Spreads Market by PRODUCT, 2017 - 2020, USD Million
TABLE 30 Brazil Organic Chocolate Spreads Market by PRODUCT, 2021 - 2027, USD Million
TABLE 31 Argentina Organic Chocolate Spreads Market, 2017 - 2020, USD Million
TABLE 32 Argentina Organic Chocolate Spreads Market, 2021 - 2027, USD Million
TABLE 33 Argentina Organic Chocolate Spreads Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 34 Argentina Organic Chocolate Spreads Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 35 Argentina Organic Chocolate Spreads Market by PRODUCT, 2017 - 2020, USD Million
TABLE 36 Argentina Organic Chocolate Spreads Market by PRODUCT, 2021 - 2027, USD Million
TABLE 37 UAE Organic Chocolate Spreads Market, 2017 - 2020, USD Million
TABLE 38 UAE Organic Chocolate Spreads Market, 2021 - 2027, USD Million
TABLE 39 UAE Organic Chocolate Spreads Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 40 UAE Organic Chocolate Spreads Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 41 UAE Organic Chocolate Spreads Market by PRODUCT, 2017 - 2020, USD Million
TABLE 42 UAE Organic Chocolate Spreads Market by PRODUCT, 2021 - 2027, USD Million
TABLE 43 Saudi Arabia Organic Chocolate Spreads Market, 2017 - 2020, USD Million
TABLE 44 Saudi Arabia Organic Chocolate Spreads Market, 2021 - 2027, USD Million
TABLE 45 Saudi Arabia Organic Chocolate Spreads Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 46 Saudi Arabia Organic Chocolate Spreads Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 47 Saudi Arabia Organic Chocolate Spreads Market by PRODUCT, 2017 - 2020, USD Million
TABLE 48 Saudi Arabia Organic Chocolate Spreads Market by PRODUCT, 2021 - 2027, USD Million
TABLE 49 South Africa Organic Chocolate Spreads Market, 2017 - 2020, USD Million
TABLE 50 South Africa Organic Chocolate Spreads Market, 2021 - 2027, USD Million
TABLE 51 South Africa Organic Chocolate Spreads Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 52 South Africa Organic Chocolate Spreads Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 53 South Africa Organic Chocolate Spreads Market by PRODUCT, 2017 - 2020, USD Million
TABLE 54 South Africa Organic Chocolate Spreads Market by PRODUCT, 2021 - 2027, USD Million
TABLE 55 Nigeria Organic Chocolate Spreads Market, 2017 - 2020, USD Million
TABLE 56 Nigeria Organic Chocolate Spreads Market, 2021 - 2027, USD Million
TABLE 57 Nigeria Organic Chocolate Spreads Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 58 Nigeria Organic Chocolate Spreads Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 59 Nigeria Organic Chocolate Spreads Market by PRODUCT, 2017 - 2020, USD Million
TABLE 60 Nigeria Organic Chocolate Spreads Market by PRODUCT, 2021 - 2027, USD Million
TABLE 61 Rest of LAMEA Organic Chocolate Spreads Market, 2017 - 2020, USD Million
TABLE 62 Rest of LAMEA Organic Chocolate Spreads Market, 2021 - 2027, USD Million
TABLE 63 Rest of LAMEA Organic Chocolate Spreads Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 64 Rest of LAMEA Organic Chocolate Spreads Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 65 Rest of LAMEA Organic Chocolate Spreads Market by PRODUCT, 2017 - 2020, USD Million
TABLE 66 Rest of LAMEA Organic Chocolate Spreads Market by PRODUCT, 2021 - 2027, USD Million
TABLE 67 Key information – Nutiva, Inc.
TABLE 68 Key information – Rigoni di Asiago
TABLE 69 Key information – Phalada Pure & Sure
TABLE 70 Key information – Askinosie Chocolate, LLC
TABLE 71 Key information – The Organic Family Ltd. (Mr. Organic)
TABLE 72 Key information – Cocofina Limited
TABLE 73 Key information – Mason & Co.
TABLE 74 Key information – BIONA Organic
TABLE 75 Key information – Artisana Organics
TABLE 76 Key information – Pana Organic
List of Figures
FIG 1 Methodology for the research