Low Calorie Chocolate Market Set to Sweeten to $2.1 Billion by 2030 : Decadent Health

According to a new report published by Allied Market Research, titled, "Low Calorie Chocolate Market by Product, Source, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global low calorie chocolate market size is expected to reach $2,115.2 million by 2030 at a CAGR of 9.8% from 2021 to 2030.

👉 𝐀 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐬 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐮𝐩𝐨𝐧 𝐫𝐞𝐪𝐮𝐞𝐬𝐭 https://www.alliedmarketresearch.com/request-sample/14639

𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐅𝐚𝐜𝐭𝐨𝐫𝐬:

The surge in obesity rates globally is a significant driver for the increased demand for low-calorie chocolates. In 2016, 1.9 billion adults were reported as overweight, with 650 million classified as obese by the World Health Organization. This trend is also evident among children, with around 39 million being either overweight or obese in 2020. The heightened health consciousness among consumers, coupled with rising disposable incomes, awareness of low-calorie chocolate availability, and substantial investments in research and development by industry players, contributes to the market's growth.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:

Traditional chocolate and praline products contain 25% to 40% of their total weight as fat content, varying with the chocolate type (milk, dark, or plain). This high fat content has steered health-conscious consumers toward low-calorie chocolate alternatives. Challenges, such as the COVID-19 pandemic, adversely affected the market by causing a decline in impulse buying and on-the-go consumption due to travel restrictions and lockdowns. Additionally, inadequate raw materials during the pandemic hampered chocolate production.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

➡️ The low-calorie chocolate market is segmented by product, source, and distribution channel.

➡️ 𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭: Dark chocolate dominated the market in 2020, holding a substantial 52.3% share. Dark chocolate's popularity is attributed to new flavor introductions and perceived health benefits. The milk chocolate segment is anticipated to be the fastest-growing, especially due to its suitability for children.

➡️ 𝐁𝐲 𝐒𝐨𝐮𝐫𝐜𝐞: Conventional low-calorie chocolate accounted for a major share of 91.2% in 2020. However, the organic segment is expected to experience rapid growth, driven by increasing demand for organic food products.

➡️ 𝐁𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥: Specialty stores held the largest market share in 2020 (34.6%), while online channels are predicted to grow rapidly due to the increasing adoption of smartphones, internet penetration, and the convenience associated with online shopping.

👉 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/purchase-enquiry/14639

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

Europe dominated the market in 2020, accounting for 42.1% of the global share. This can be attributed to high chocolate demand, increasing health consciousness, and rising obesity rates. Asia-Pacific is expected to be the fastest-growing region, fueled by rising disposable incomes and awareness of low-calorie chocolate options.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Key players in the low-calorie chocolate market include Nestle S.A., Kraft Foods, The Hershey Company, Barry-Callebaut AG, Blommer Chocolate Company, Lindt & Sprungli, Ferrero SpA, Breyers, Mondelez International, Ben & Jerry's, Haagen Daaz, and Dreyer.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

The dark chocolate segment is projected to maintain its dominance, while the organic segment and online distribution channels are expected to witness significant growth. Specialty stores are anticipated to remain crucial in developed markets.

👉 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 https://www.alliedmarketresearch.com/request-for-customization/14639

𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲

📍 The low calorie chocolate market was valued at $894.7 million in 2020, and is estimated to reach $2,115.2 million by 2030, growing at a CAGR of 9.8% during the forecast period.

📍 By product, the milk chocolate segment is estimated to witness the fastest growth, registering a CAGR of 10.5% during the forecast period.

📍 In 2020, depending on source, the conventional segment was valued at $816.1 million, accounting for 91.2% of the global share.

📍 In 2020, the U.S. was the most prominent market in North America, and is projected to reach $568.2 million by 2030, growing at a CAGR of 9.9% during the forecast period

📍 As per the low calorie chocolate market trends, the organic segment is expected to be the fastest-growing segment because a rapid surge in the demand for the organic food products has been registered in U.S. in 2020 and growing demand for the organic chocolate in Europe is fostering the organic sales.

According to the low calorie chocolate market opportunities, the online segment is estimated to grow at a rapid rate owing to the rising adoption of smartphones, growing penetration of internet, rising popularity of online groceries, and convenience associated with the online channels. Specialty stores segment accounted for the largest market share in 2020 owing to its increased penetration in developed markets and immense popularity among the consumers.

👉 𝐀𝐜𝐜𝐞𝐬𝐬 𝐅𝐮𝐥𝐥 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 - 𝐁𝐮𝐲 𝐍𝐨𝐰 https://www.alliedmarketresearch.com/checkout-final/1f634f7d367b4223cd3c56bd27cca26a

Based on the region, Europe dominated the market, accounting for 42.1% of the market share in 2020. This is attributed to the high demand for the chocolate coupled with rising health consciousness and rising prevalence of obesity. Asia-Pacific is estimated to be the fastest-growing due to rising disposable income, rising health consciousness, and rising awareness regarding the availability of low calorie chocolates, during the forecast period.

𝐂𝐎𝐍𝐓𝐀𝐂𝐓 𝐈𝐍𝐅𝐎𝐑𝐌𝐀𝐓𝐈𝐎𝐍:

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.