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Spirulina Chocolates Market by Distribution Channel and Geography - Forecast and Analysis 2020-2024

  • Published: Aug 2020
  • Pages: 120
  • SKU: IRTNTR43154
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The spirulina chocolates market share is expected to increase by USD 151.32 million from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 9%.

This spirulina chocolates market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers spirulina chocolates market segmentation by distribution channel (offline and online) and geography (APAC, Europe, MEA, North America, and South America). The spirulina chocolates market report also offers information on several market vendors, including Akal Food, Bio Benjamin Chocolate Factory, Doisy & Dam Ltd., Giddy Yoyo Inc., Karmasukom Energy LLP, Landish Foods, Meraviglie Srlestle SA, The Algae Factory BV, and Vosges Haut-Chocolat Ltd. among others.

What will the Spirulina Chocolates Market Size be During the Forecast Period?

Spirulina Chocolates Market Size

Download the Free Report Sample to Unlock the Spirulina Chocolates Market Size for the Forecast Period and Other Important Statistics

 

Spirulina Chocolates Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The health benefits associated with spirulina products are notably driving the spirulina chocolates market growth, although factors such as fluctuations in the raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the spirulina chocolates industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Spirulina Chocolates Market Driver

One of the key factors driving growth in the spirulina chocolates market is the health benefits associated with spirulina products. Spirulina is considered a superfood, owing to its nutrient content. Some prominent health benefits associated with the consumption of spirulina are: spirulina strengthens the immune system, improves digestion, and helps in detoxification. Spirulina helps to prevent cancer, as it increases the production of antibodies, infection-fighting proteins, and other cells that improve immunity and help in cancer prevention. Spirulina has anti-inflammatory properties. Spirulina contains phycocyanin, a pigment that exhibits antihypertensive properties and is highly effective in reducing blood pressure. Thus, the health benefits of spirulina drive the growth of the global spirulina chocolates market.

Key Spirulina Chocolates Market Challenge

The fluctuations in raw material prices will be a major challenge for the spirulina chocolates market during the forecast period. The increasing price of raw materials can have a negative impact on production costs. The rising price of raw materials, such as cocoa, dairy products, nuts, and sugar, is one of the reasons for fluctuations in production costs. These fluctuations may lead to an increase in the price of final products and affect the profitability of manufacturers. The price of other raw materials, such as sugar, milk powder, and condensed milk, faces volatility due to supply crunches. A decline in the production of raw materials leads to supply disruption. Supply disruption leads to a rise in the price of raw materials, which, in turn, will have a negative impact on the growth of the market during the forecast period.

This spirulina chocolates market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Who are the Major Spirulina Chocolates Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Akal Food
  • Bio Benjamin Chocolate Factory
  • Doisy & Dam Ltd.
  • Giddy Yoyo Inc.
  • Karmasukom Energy LLP
  • Landish Foods
  • Meraviglie Srlestle SA
  • The Algae Factory BV
  • Vosges Haut-Chocolat Ltd.

 

This statistical study of the spirulina chocolates market encompasses successful business strategies deployed by the key vendors. The spirulina chocolates market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The spirulina chocolates market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Spirulina Chocolates Market?

Spirulina Chocolates Market Market segmentation by region

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39% of the market's growth will originate from Europe during the forecast period. Germany, the UK, and France are the key markets for spirulina chocolates in Europe. Market growth in this region will be slower than the growth of the market in the North American and APAC regions.

The presence of key vendors that offer new varieties of products, rising disposable incomes, and growing awareness about the health benefits of spirulina chocolates will facilitate the spirulina chocolates market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Distribution Channel Segments in the Spirulina Chocolates Market?

Spirulina Chocolates Market Segmentation

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The spirulina chocolates market share growth by the offline distribution segment will be significant during the forecast period. The offline distribution segment is expected to grow during the forecast period, owing to the increasing number of retail sales. Independent retailers are mostly located close to residential areas, which is the main reason for their success. The popularity of independent retailers is increasing, and therefore, their number is expected to rise during the forecast period. This factor will help in increasing the sales of chocolates, such as spirulina chocolates, through independent retailers 

This report provides an accurate prediction of the contribution of all the segments to the growth of the spirulina chocolates market size and actionable market insights on post COVID-19 impact on each segment.

 

Spirulina Chocolates Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 9%

Market growth 2020-2024

USD 151.32 million

Market structure

Fragmented

YoY growth (%)

6.77

Regional analysis

APAC, Europe, MEA, North America, and South America

Performing market contribution

Europe at 39%

Key consumer countries

Germany, UK, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Akal Food, Bio Benjamin Chocolate Factory, Doisy & Dam Ltd., Giddy Yoyo Inc., Karmasukom Energy LLP, Landish Foods, Meraviglie Srlestle SA, The Algae Factory BV, and Vosges Haut-Chocolat Ltd.

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 the forecast period

Customization purview

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What are the Key Data Covered in this Spirulina Chocolates Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive spirulina chocolates market growth during the next five years
  • Precise estimation of the spirulina chocolates market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the spirulina chocolates industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of spirulina chocolates market vendors

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel
  • Offline distribution - Market size and forecast 2019-2024
  • Online distribution - Market size and forecast 2019-2024
  • Market opportunity by Distribution channel

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Akal Food
  • Bio Benjamin Chocolate Factory
  • Doisy & Dam Ltd.
  • Giddy Yoyo Inc.
  • Karmasukom Energy LLP
  • Landish Foods
  • Meraviglie Srl
  • Nestle SA
  • The Algae Factory BV
  • Vosges Haut-Chocolat Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Spirulina Chocolates market growth will increase by $151.32 million during 2019-2024.
The spirulina chocolates market is expected to grow at a CAGR of 9.21% during 2019-2024.
Technavio has segmented the spirulina chocolates market by distribution channel (Offline distribution, Online distribution, Offline, and Online) and geographic (Europe, North America, APAC, and South America).
Akal Food, Bio Benjamin Chocolate Factory, Doisy & Dam Ltd., Giddy Yoyo Inc., Karmasukom Energy LLP, Landish Foods, Meraviglie Srl, Nestle SA, The Algae Factory BV, Vosges Haut-Chocolat Ltd. are a few of the key vendors in the spirulina chocolates market.
Europe will register the highest growth rate of 41.33% among the other regions. Therefore, the spirulina chocolates market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Germany
  • France
  • China
  • Russian Federation
The key factors driving the spirulina chocolates market growth are:
  • Growing prevalence of malnutrition
The spirulina chocolates market vendors should focus on grabbing business opportunities from the offline distribution segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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  • Five-force market analysis

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