The North America Organic Chocolate Spreads Market would witness market growth of 5.2% CAGR during the forecast period (2021-2027).
Chocolate spreads are flavored smooth pastes. These spreads contain functional ingredients like olive oil, whey powders, and cocoa powder which show superb spreadibility at all temperatures. Organic Chocolate spreads are packaged and sold in glass jars and plastic tubs. As chocolate spreads and peanut butter are highly palatable, they are gradually gaining popularity as an alternative to marmalade and jam. Nowadays, they are becoming an essential part of every breakfast.
The increasing customer desire for organic products due to rising health awareness is the most significant trend in the chocolate market. Consumers across the globe are increasingly selecting healthy cuisine as compared to conventional delights. The increasing usage of chocolate spread as a substitute to butter owing to its high nutrition, low fat, and ease of spreadability over meals is likely to boost significant growth for the chocolate spread over the forecast period.
The food industry is rapidly flourishing in the USA. The health-consciousness people are increasing in this region that is why the leading companies of chocolate spread are nowadays focused to launch organic chocolate spread in the market. The organic chocolate spread is composed of natural and preservative-free ingredients, so it seems to be good for health.
The demand for these products is high in North America. It is mainly due to the rising preference for chocolate spreads among young as well as old age groups. The growth of the market in this region is also attributed to increasing disposable income and higher expenditure power of the people for purchasing chocolate spreads. Augmented consumption of chocolate-based spreads in breakfast meals is also driving the growth of the market in this region. Also, the increasing demand for ready-to-eat products due to hectic and changing lifestyles has encouraged people to adopt readymade chocolate spreads that help them to save their time.
The US market dominated the North America Organic Chocolate Spreads Online Market by Country 2020, thereby, achieving a market value of $47 million by 2027. The Canada market is experiencing a CAGR of 7.8% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 6.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Organic Chocolate Spreads Market is Estimated to Reach USD 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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