The global chocolate confectionery market is expected to post a compound annual growth rate (CAGR) of nearly 3% during the period 2019-2023, according to the latest market research report by Technavio. Chocolate Confectionery Growth Spurt Courtesy of Heightened Health Awareness
A key factor driving the growth of the market is the rising demand for organic, functional, vegan, and gluten-free chocolate confectioneries.
From a broader perspective, the growing health consciousness spanning the globe has increased the demand for healthier and organic diets. As a result, the global demand for vegan and gluten-free chocolate confectioneries is increasing rapidly across the world.
Dark chocolates often are associated with low sugar and high antioxidants.
The popularity of vegan and gluten-free chocolate confectioneries has also witnessed an increase, owing to the rising prevalence of lactose intolerance worldwide.
Thus, the increasing number of product launches featuring organic, gluten-free, vegan, and functional chocolates is indicative of the growth of vendors operating in the global chocolate confectionery market.