Technavio has been monitoring the global organic chocolate market size and it is poised to grow by USD 127.31 million during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio has announced its latest market research report titled Global Organic Chocolate Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio’s latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Organic Chocolate Market Download free sample report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Barry Callebaut AG, Divine Chocolate Ltd., Endangered Species Chocolate, LLC, Equal Exchange Coop, Mondelēz International Inc., Montezuma’s Direct Ltd., NibMor, LLC, Taza Chocolate, The Grenada Chocolate Co., and The Hershey Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The health benefits of organic chocolates have been instrumental in driving the growth of the market.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our organic chocolate market report covers the following areas:

This study identifies the growing demand for organic vegan chocolates as one of the prime reasons driving the Organic Chocolate Market growth during the next few years.

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.