Gluten-free Chocolate Market Worth $2.37 Billion By 2025

The global gluten-free chocolate market size is projected to reach USD 2.37 billion by 2025 expanding at a CAGR of 7.8%, according to a new report by Grand View Research, Inc. Increasing prevalence of celiac disease is the key factor driving the product demand. Moreover, gluten-free chocolates are a healthier option than the usual chocolates, which is also driving their demand. Rising concerns regarding a large number of undiagnosed cases of individuals with gluten allergy or gluten intolerance may have a negative impact on the market growth over the coming years.

The dark chocolate product segment holds the largest share in the market owing to its growing popularity. Rising awareness regarding the health benefits of dark chocolate, such as lowered levels of stress and risks of neurodegenerative disorders like Alzheimer’s disease, will boost the demand further. Other benefits include improved blood circulation, memory, and ability to focus and lowered anxiety levels.

North America held the largest share of the global market in 2018 and will expand further due to high number of cases of celiac disease in U.S. The manufacturers in North America focus on providing high-quality products by using latest production techniques, which is also driving the region’s growth.

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Further key findings from the study suggest:

• Dark chocolate is projected to be the largest type segment; however, the white chocolate segment will expand at the highest CAGR of 8.0% from 2019 to 2025
• North America led the global gluten-free chocolate market in 2018 and is projected to retain its position over the forecast years
• Key companies in the market are Endangered Species, EnviroKidz, Alter Eco, NibMor Daly Dose, Taza Chocolate, NuGo, Schär, and Raw Revolution
• These manufacturers focus more on product development, capacity expansion, and M&A to gain a higher market share

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com