A new market research study by Technavio on the global gluten-free chocolate market projects the market to grow at a CAGR of more than 13% during the period 2019-2023. This research report provides an in-depth analysis of the market in terms of revenue, top drivers, and emerging market trends. It also includes detailed insights and forecasts for all the market segments across different geographies.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190610005257/en/
Rising support group initiative for gluten-free food consumption
Several governments and other organizations have started various initiatives to increase awareness about the health conditions associated with the consumption of gluten and preventive measures to avoid such problems. For instance, the Enquiring About Tolerance (EAT) in the UK conducted clinical research on the introduction of food substances, which aimed to reduce allergies in children below three years of age. Similarly, various other health groups are investigating the impact of gluten food consumption, gluten food alternatives, and other topics related to gluten-free foods. Such awareness programs by support groups and organizations are stimulating the demand for gluten-free food products such as gluten-free chocolate.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report, including the market size and forecast, drivers, challenges, trends, and more.
Strategic partnership by manufacturers
Several manufacturers in the gluten-free chocolate market are entering into distribution agreements with various retailers and agencies to significantly increase market penetration across various countries such as the UK, the US, and others. For instance, The Hershey Company partnered with Motibhai Group to provide sweets, chocolates, and other products to the duty-free shops at Nadi International Airport in Fiji. Such partnerships will significantly drive the gluten-free chocolate market growth during the forecast period.
According to a senior analyst at Technavio, “Apart from strategic partnerships by manufacturers, and rising support group initiatives for gluten-free food consumption, other factors such as the increasing consumption of gluten-free foods, and the growing global chocolates market will have a significant impact on the growth of the gluten-free chocolate market size during the forecast period.”
Stringent gluten-free product labeling regulations
Governments across the world have laid down various standards for food and beverage product labeling for manufacturers. For instance, in the US, manufacturers of food products must adhere to the guidelines of the Food and Drug Administration (FDA). The US FDA has a set of rules to define the term gluten-free for voluntarily use in the labeling of foods. Gluten-free chocolate manufacturers have to comply with the regulations about labeling, advertising, and other segments of product manufacturing.
Top players in the global gluten-free chocolate market:
- Endangered Species Chocolate
- Mondelēz International
- The Hershey Company
Some of the key topics covered in the global gluten-free chocolate market include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. It provides detailed market research reports that provide clients with actionable insights to help them identify market opportunities and design effective strategies to optimize their market position.
With over 500 specialized analysts, Technavio boasts of an extensive report library comprising of over 10,000 reports, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than a hundred 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. Technavio helps companies to assess their competitive position within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.