Gluten-free Chocolate Market size will grow by USD 741.55 million during 2023-2028- Technavio

NEW YORK, Jan. 10, 2024 /PRNewswire/ -- The gluten-free chocolate market is set to grow by USD 741.55 million from 2023 to 2028, progressing at a CAGR of 7.86% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. 

Gluten-free Chocolate Market 2024-2028: Market Segmentation

The gluten-free chocolate market analysis includes Distribution Channel, Product, and Geography landscape. This study identifies Product innovation by manufacturers, the premiumization and artisanal offerings of gluten-free chocolate, and the increase in demand for natural and organic gluten-free chocolate as one of the prime reasons driving the gluten-free chocolate market growth during the next few years.

The offline segment will be significant during the forecast period. Global gluten-free chocolate sales leverage offline distribution channels, including specialty health stores, supermarkets, artisanal boutiques, and health-conscious outlets. These diverse channels offer accessibility and varied selections, catering to different consumer needs, and fueling market growth.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters - View a Sample Report

The growing global chocolate market drives market growth. Embracing a diverse range of offerings such as specialty chocolates, dark chocolates, and milk chocolates, companies leverage alternative flours to cater to gluten-free demands. This market rise also resonates with consumer preferences for vegan, organic, and non-GMO products, aligning with the 'free-from' trend. Moreover, the increased preference for premium chocolates solidifies this market's growth trajectory. - Here is an Exclusive report talking about Market scenarios with a historical period (2018-2022) and forecast period (2024-2028). Download Sample Report in minutes!

The report on the gluten-free chocolate market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. 

Trend

Product innovation by manufacturers is the emerging trend shaping market growth. This innovation encompasses a spectrum of offerings, including nut-free, sugar-free, Paleo, and keto-friendly options, meeting diverse consumer needs in confectionery and snacking. Moreover, an emerging focus on sustainable packaging aligns with the market's shift towards eco-conscious practices. Manufacturers also spotlight artisanal chocolates enriched with functional ingredients, marking a significant direction in shaping market growth.

Challenge

The increasing prevalence of diabetes worldwide hinders market growth. Manufacturers struggle with meeting the needs of health-conscious consumers grappling with conditions like Celiac disease and gluten intolerance. Ensuring allergen-free products, adhering to strict dietary restrictions, and obtaining gluten-free certification are significant hurdles. Ingredients sourcing and mitigating cross-contamination risks further compound the challenge. Educating consumers awareness regarding these aspects remains significant amidst this evolving landscape.

The gluten-free chocolate market covers the following areas:

• Gluten-free Chocolate Market Sizing
• Gluten-free Chocolate Market Forecast
• Gluten-free Chocolate Market Analysis

Companies Mentioned

• Alter Eco
• Chocoladefabriken Lindt and Sprungli AG
• Endangered Species Chocolate LLC
• Enjoy Life Natural Brands
• FREE2B FOODS LLC
• J H Whittaker and Sons Ltd.
• JJ's Sweets
• Loving Earth
• Mondelez International Inc.
• Nibmor Inc.
• No Whey Chocolate
• Pascha Chocolate Co.
• Pure Lovin Chocolate
• Raaka Chocolate Ltd.
• Rawmio
• Sweet William Pty Ltd.
• Taza Chocolate
• Theo Chocolate Inc.
• Unreal Brands Inc.
• Vosges Haut Chocolat Ltd.
• Zotter Schokolade GmbH

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The gluten-free food market share in UK is expected to increase to USD 195.80 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.59%.

The gluten free bakery market size is estimated to grow at a CAGR of 10.2% between 2022 and 2027. The market size is forecast to increase by USD 1,326.19 million.

Key Topics Covered:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Distribution Channel

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 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.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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