Low Calorie Chocolate Market - Forecast, COVID-19 Impact, Trend Analysis & Competition Tracking - Global Insights 2018-2033

Low Calorie Chocolates are Gaining Traction in Terms of Healthy Confectionary 

There has been an upsurge in the low calorie chocolate market as the demand for sugar free and low calorie products are increasing in the food industry. Consumers are interested in buying healthy chocolates, mostly low calorie chocolates or sugar free varieties, as a result of the rise in diet-related disorders like obesity, cardiovascular disease and diabetes. In the forecast period, the market is expected to expand significantly due to the growing awareness of the health advantages of using low calorie chocolate products. The global market for low calorie chocolate is expanding due to the increased demand for healthy confectionary and the rising popularity of low calorie food products. Cookies, candies, bars and other foods all contain low calorie chocolate. The market for low calorie chocolate is expected to increase throughout the forecast period as a result of rising disposable income and rising consumer expenditures. Demand for sugar-free products is growing among consumers, driving the low calorie chocolate market. People are starting to consume more low-calorie food items due to the growth in weight related diseases globally.

Growing Consumer Demand Fuels the Low Calorie Chocolate Market

In addition to its health advantages, flavoured low calorie chocolate is a developing trend. Demand for low calorie chocolate has significantly increased as a result of the introduction of flavoured healthy dark chocolates. Due to its high demand and growing consumption of low calorie chocolate products, North America accounted for a significant portion of the global low calorie chocolate market. According to a report from the United States Economic Census, about 13% of the annual production of cocoa is used to make US chocolate candies. Germany's increasing demand for low calorie organic chocolates will drive market expansion. This has led food processors operating in low calorie chocolate market to make an effort to attract consumers by giving products of greater nutritional value by adding fruits, nuts, and other beneficial ingredients.

Rising Cost of Raw Materials Presents a Long-term Threat to Market Participants

The increase in the price of raw materials is one of the biggest obstacles that is expected to threaten and hinder the expansion of the low calorie chocolate market. The high cost of buying cocoa beans will prevent the market from expanding. The price of low calorie chocolates will climb as a result of rising production costs, which are influenced by rising raw material costs. Alternatives will need to be found by consumers, which will limit market expansion. This could have a long-term negative influence on the target market. Aside from that, one of the other difficulties that may have an impact on market growth is the high cost of low calorie chocolate in comparison to ordinary chocolates.

Low Calorie Chocolate Market Segmentation

The global low calorie chocolate market is segmented on the basis of product type, form, nature, packaging, application and sales channel.

On the basis of Product Type:

·         Dark Chocolate

·         White Chocolate

·         Milk Chocolate

On the basis of Form:

·         Bars

·         Liquid

·         Powders

·         Others

On the basis of Nature:

·         Organic

·         Conventional

On the basis of Packaging:

·         Straight-tuck Box

·         Custom Box

·         Tuck-top Box

·         Paper Bags/ Poly Bags

·         Paperboard Box

·         Plastic box

·         Others

On the basis of Application:

·         Food & Beverage

·         Confectionary

·         Cosmetics

·         Pharmaceuticals

·         Others

On the basis of Sales Channel:

·         Modern Trade

·         Convenience Store

·         Traditional Grocery Store

·         Specialty Store

·         Online Retail Stores

·         Others

Low Calorie Chocolate Market Expansion is Encouraged by Novel Innovations

Kraft Foods H.J. Heinz Company Brands LLC, a significant player, developed a method for producing low calorie chocolates. Using the proper ingredients, which can substitute fat and sugar without having a detrimental effect on the product's features, high-quality and low calorie cocoa foods can be created. The low calorie chocolate market have benefitted from this strategy. It can be used to extend the shelf life of items and retain their quality and texture. One of the world's top producer of industrial chocolate and cocoa, Barry Callebaut, introduced its product, Vulcano in 2009, it is the first ever melt-resistant, low calorie chocolate. A chocolate that doesn't melt, has few calories, and is still entirely natural would offer a huge market potential, especially in warmer regions or areas without proper cooling systems. With different degrees of success, Barry Callebaut has since 2017 introduced healthier substitutes such as ruby chocolate, wholefruit chocolate and the drink Elix. There is presently a trend towards cleaner labelling. The consumers dislike overly processed food. Anything that reduces the amount of sugar or uses simpler, cleaner recipes would be beneficial for the market.

Other than this Nestle S.A., Cadbury, The Hershey Company, Breyers, Mondelez International Inc., Chocolette Confectionary SIA, The Good Chocolate, Langs Chocolates, Blommer Chocolate Company are some of the major companies involved in the low calorie chocolate market.

The Popularity of "Healthier" Chocolates is Rising

The development of healthy products is very desirable since they simultaneously satisfy a wide range of customer needs, such as being probiotic, low in fat, and high in fibre. Many diseases like obesity and diabetes are brought on by an excess of sugar or carbohydrates, Consuming sugar-free products is the only way to treat these diseases.  Consumer's demand for low-calorie foods is increasing, which has fuelled low calorie chocolate's global expansion. Maintaining texture, consistency, and taste are the three major priorities for participants in the low calorie chocolate market. The natural vitamins and antioxidants found in cocoa are gaining popularity in the healthcare field. Turmeric and so-called superfoods like goji berries are added to chocolate to boost its healthy properties. Sales of low-calorie chocolates are increasing as more consumers are realising that a higher cocoa content equates to a lower sugar level. According to The Food Industry Association, consumption of low calorie chocolate and dark chocolate gives protection to the brain from inflammation and age-related stress. Owing to the afore mentioned factors, sales of low-calorie chocolates are expected to grow over the forecast period. The chocolate confectionery industry is currently undergoing a number of innovative trends, the most significant of which are plant-based/vegan chocolates, novel textures, and what is known as healthy indulgence, or the pursuit of a product that combines pleasure with healthier, more wholesome ingredients.

The report provides a detailed overview of the low calorie chocolate market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for low calorie chocolate market has been offered for all regional market share, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the low calorie chocolate market. These Y-o-Y projections on regional and country-level markets brighten the political, economic and business environment outlook, which are anticipated to have a substantial impact on the growth of the low calorie chocolate market. Some key country and region included in the low calorie chocolate market report as follows:

North America (U.S., Canada)

Latin America (Mexico, Argentina, Brazil, Peru, Chile)

Europe (Germany, France, Italy, U.K., BENELUX, Nordics, Spain, Poland, Russia, CIS)

Asia Pacific (China, ASEAN, India, Japan, South Korea)

Oceania (Australia, New Zealand)

Middle East and Africa (South Africa, GCC Countries, Turkey, Israel, Iran)

The Low Calorie Chocolate Market Research Report Covers In-depth Analysis on:

·         Low calorie chocolate market segments

·         Low calorie chocolate market dynamics

·         Low calorie chocolate market value and share analysis

·         Recent trends, restraints, opportunities in low calorie chocolate market

·         Companies & competition involved low calorie chocolate market

·         Latest technologies in low calorie chocolate market

·         Supply chain and value chain low calorie chocolate market

·         Low calorie chocolate market sales and distribution strategies

Low Calorie Chocolate Market Growth Highlights:

·         A comprehensive overview of parent market

·         Market dynamics, demand and trends in the industry

·         Current, historical and anticipated market size in terms of volume

·         In-depth market segmentation

·         Competition landscape

·         Key strategies of leading companies and product portfolio

·         Low calorie chocolate industry trends and developments

·         Potential and country, regions and segments exhibiting future growth

·         A detailed viewpoint on low calorie chocolate market forecast by countries

·         Essential information to enhance market position