Chocolate-based spreads are being asked for breakfast these days. Additionally, organic version of chocolate spreads is the force to reckon with altogether. Also, chocolate spreads are coming up in several permutations and combinations to pacify the taste buds of the growing population. For instance – for those intolerant to lactose, there are chocolate-based spreads made without using milk even a bit.
Vegan chocolate spread is composed of sunflower oil, cane sugar, bourbon villa, cocoa powder * highly defatted 20%, bourbon villa, and traces of macadamia, sesame seeds, almonds, peanuts, lupine, and hazelnuts. At times, palm oil is also added. Organic chocolate coconut spread is another good taste to look into. With the twin advantage of nutrition as well as taste, the organic chocolate spreads market is expected to go great guns in the subsequent 10 years.
How dynamic is the Organic Chocolate Spreads Market?
The global organic chocolate spreads market, by product, spans duo, milk, hazelnut, milk, dark and likewise. By distribution channel, it’s supermarket & hypermarket, online, and others. Out of these, hazelnut is bound to hold the largest market share in the upcoming period with the novelty factor in terms of taste setting in.
North America and Europe are at the matured stage of organic chocolate spreads market. This could be attributed to the cravings for chocolate amongst the populace in one form or the other. Moreover, it’s organic chocolate spreads this time around. This, all the more, keeps the cash registers ringing. However, the future is bound to witness turbulence in the Asia-Pacific, with more number of millennials resorting to organic foods (organic chocolate spreads in particular).
The Competitive Spirit
The key market participants are inclusive of Rigoni di Asiago, Nutiva, Inc., Phalada Pure & Sure, The Organic Family Ltd., Askinosie Chocolate, LLC, Cocofina, Mason & Co., BIONA, Pana Organic, and Artisana Organics. Artisana Organics has its hazelnut chocolate spread, chocolate cashew spread, coconut cacao bliss spread to lead the market. The other players are also looking out for larger avenues in this regard. Rigoni di Asiago, in October 2019, did table the Nocciolata Bianca Hazelnut Spread. It’s claims to be rich in protein and also being gluten-free. The start-ups are emphasizing on online channels of distribution.
In all, craze for organic products, with chocolate flavour to add to, is bound to hold the hopes high for organic chocolate spreads market in the near future.
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