NEW YORK, Oct. 20, 2023 /PRNewswire/ — The spirulina chocolates market size is expected to grow by USD 209.04 million, accelerating at a CAGR of over 10.04% during the forecast period, according to Technavio’s market analysis. Growing prevalence of malnutrition is notably driving the spirulina chocolates market. However, factor such as fluctuations in raw material prices may impede market growth. The market is segmented by Distribution Channel (Offline and Online), Type (Chocolate bars and Chocolate powder), and Geography (Europe, North America, APAC, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. buy the report
Spirulina Chocolates Market 2023 – 2027: Key Segment Analysis
During the forecast period, substantial growth is anticipated in the offline segment. This segment encompasses traditional physical retail outlets where products are sold directly to customers. Various retail formats within the offline segment encompass supermarkets, hypermarkets, convenience stores, specialty shops, health food stores, independent retailers, drugstores, pharmacies, gourmet food shops, and duty-free shops.
To know additional highlights and key points on various market segments and their impact in coming years, The free sample report is available in PDF format
Spirulina Chocolates Market 2023 – 2027: Geographical Market Analysis
Europe is expected to contribute significantly, accounting for 37% of the global market’s growth during the forecast period. One key factor driving market growth in Europe is the increasing consumer demand for healthier food options. With a growing awareness of health, individuals are actively seeking ways to incorporate nutrient-rich foods into their diets.
Furthermore, the e-commerce channel plays a significant role in distributing spirulina chocolate across Europe. Consumers are increasingly favoring online platforms as a convenient means to access specialty and premium products like spirulina chocolate. This trend is attracting both new entrants and established players to the market, intensifying competition and driving innovation in the global spirulina chocolate market within the region. These factors collectively fuel market growth in Europe during the forecast period.
Spirulina Chocolates Market 2023 – 2027: Company Insights
The spirulina chocolates market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including:
- Akal
- Bio Benjamin
- Bloom Delight
- Giddy Yoyo Inc.
- Healthy Little Vittles
- Hello Chocolate
- Landish
- Lifestream NZ
- LUCHINO SRL
- MERAVIGLIE Srl
- Nestle SA
- Nurture Brands Ltd.
- Nutrezy
- Pierre Marcolini Group
- Sari Foods Co
- Sonalis Consumer Product Ltd.
- Suncore Foods Inc.
- The Algae Factory BV
- Vosges Haut Chocolat Ltd.
- ZEON BIOTECH PVT LTD.
View Free PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.
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Seasonal Chocolates Market: The seasonal chocolates market size is projected to increase by USD 9,005.63 million and the market size is estimated to grow at a CAGR of 5.99% between 2022 and 2027.
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Spirulina Chocolates Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.04% |
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Market growth 2023-2027 |
USD 209.04 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
9.49 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 37% |
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Key countries |
US, China, Germany, UK, and France |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Akal, Bio Benjamin, Bloom Delight, Giddy Yoyo Inc., Healthy Little Vittles, Hello Chocolate, Landish, Lifestream NZ, LUCHINO SRL, MERAVIGLIE Srl, Nestle SA, Nurture Brands Ltd., Nutrezy, Pierre Marcolini Group, Sari Foods Co, Sonalis Consumer Product Ltd., Suncore Foods Inc., The Algae Factory BV, Vosges Haut Chocolat Ltd., and ZEON BIOTECH PVT LTD. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
TOC:
- Executive Summary
- Market Landscape
- Market Sizing
- Historic Market Sizes
- Five Forces Analysis
- Market Segmentation by Distribution Channel
- Market Segmentation by Type
- Market Segmentation by Geography
- Customer Landscape
- Geographic Landscape
- Drivers, Challenges, & Trends
- Company Landscape
- Company Analysis
- Appendix
About Technavio
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SOURCE Technavio
