Product ID: UCMIG30I2216
Report ID:
UCMIG30I2216 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2020, the global organic chocolate confectionery market achieved a significant milestone with a valuation of USD 824.1 million. This market segment is projected to exhibit a steady growth rate, recording a compound annual growth rate (CAGR) of 6.8% from 2021 through to 2028. The increasing demand for organic products and the rising consumer preference for healthier alternatives have been instrumental in driving the growth of the organic chocolate confectionery market. Factors such as the growing awareness regarding the harmful effects of synthetic ingredients and the adoption of sustainable farming practices by manufacturers are expected to further fuel the market's expansion. With these trends in motion, the organic chocolate confectionery industry is poised for a promising future ahead.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG30I2216