Gluten-free Chocolate Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe
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.
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.
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
Access
full research report on global gluten-free chocolate market:
www.grandviewresearch.com/industry-analysis/gluten-free-chocolate-market
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Created on Dec 24th 2019 07:13. Viewed 420 times.