Low-fat Dark Chocolate: Market Outlook
Chocolate is an ever-growing and ever-popular industry. With the increase in variety and flavours in chocolates available these days, the demand for chocolates is enormous in the market. The demand for low-fat dark chocolate is propelling on account of innovations such as nuts inside chocolates that contain fillings.
A greater low-fat dark chocolate consumption is directly linked to a rising discretionary income that allows consumers to indulge in a food once considered a luxury item.
In the fast-paced lifestyle, people intake more calorie food which is stored in the body as fat which causes major health problems, such as, obesity, cardiovascular diseases and many more.
Processed food contains artificial sweeteners, excessive salt & sugar, artificial flavors, Trans fat and carbohydrate, consumption can cause obesity. With recent trends, consumers have started adopting healthy eating habits and are also becoming more thoughtful about their food choices by consuming low-fat food.
Furthermore, people are opting for healthy food containing nutritional values and natural ingredients, thus propelling the demand for low-fat dark chocolate.
Low-fat dark chocolate is made from 60% cocoa solids and cocoa butter with little or no sugar instead of fat ingredients including coconut oils and palm. Low-fat dark chocolate is a rich source of flavonoids that gives rich and intense flavor along with various health benefits.
Growing Health Awareness of Consuming Low-Fat Dark Chocolate Segment to Bolster the Market’s Growth Trajectory
Eating low-fat dark chocolate protects the brain cells from age-related stress and inflammation that play a vital role in neurological diseases such as Alzheimer's disease.
Low-fat dark chocolate also helps increase the supply of blood to the brain, which can enhance the ability to concentrate; reduce anxiety; and improve memory. Moreover, low-fat dark chocolate helps in improving memory, controlling anxiety level and ability to focus.
Additionally, as obesity is increasing globally, individuals are becoming more conscious and have started eating low-fat food products. Over consumption of sugar or carbohydrates causes illnesses such as obesity and diabetes.
These diseases have raised a threat to the human community, and the only way of preventing them is the consumption of sugar-free goods. Consumers are growing demand for low-fat products, which has fueled the growth of low-fat dark chocolates worldwide.
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Demand for Sugar Free Low-Fat Dark Chocolate Is Rising From Diabetic Population
Consumption of excessive sugar has an adverse effect on one’s health. Sugar can cause plummet blood glucose levels, which has its own consequences such as headaches, mood swings and fatigue. Consuming sugar for a longer time leads to a higher risk of diabetes, obesity and heart disease.
Over the past few years, several sugar substitutes have been approved by health organizations such as stevia, saccharin, sorbitol, acesulfame, aspartame, sucralose and hydrogenated starch hydrolysates. As a result, demand for low-fat dark chocolate is expected to increase in the future.
Manufacturers such as Treatwit make sugar-free, low-fat dark chocolate with no dairy or animal-based ingredients and is crafted especially for the vegan population without compromising the taste of low-fat dark chocolate.
Sweeteners such as stevia also known as the honey herb or maltitol are used prominently for making low-fat dark chocolate. Low-fat dark chocolate made with artificial sweeteners like maltitol does not leave its after taste and overpower the taste of dark chocolate which makes it preferable and necessary ingredients.
For instance, Lakanto offers a wide variety of sugar-free chocolates with 55% of cocoa. The company provides low carbs, natural, gluten-free, vegan chocolates.
Increasing Demand for Low-Fat Dark Chocolates in Different Flavours:
Chocolates have become some of the most popular snacks that come in a wide variety of flavours. A large number of foodstuffs are being created that involve the use of low-fat dark chocolate. Some of these foodstuffs include chocolate chip cookies, cakes, chocolate brownies, puddings, and mousse.
The newest trend in the low-fat dark chocolate market is the filling of chocolates with foodstuff such as Caramel or Milkmaid, and the trend of chocolate-coated nuts is also having a positive impact on the low-fat dark chocolate market.
Manufacturers of low-fat dark chocolate are coming up with new products to lure consumers into buying them.
The addition of unusual ingredients in low-fat dark chocolates combined with attractive commercials for these products is attracting the consumers to buy these chocolates and try them.
Some of the uncommon fruits and other ingredients that are being added to these chocolates include peach, citrus fruits, and many more.
For instance, Amul offers a wide range of fruit and nuts dark chocolate with 55% cocoa including almonds, raisins, and many more to fulfill the growth.
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Low-Fat Dark Chocolate: Key Players
The large number of players are entering into the low-Fat dark chocolate market due to which competition is getting intense in low-fat dark chocolate market.
Manufactures of low-fat dark chocolate are focusing on expanding their geographical presence as well as trying to sale their products through various distribution channels to increase the consumer base and brand awareness. Online retail stores are expected to gain transaction in the forecast period.
Some of the key players of low-fat dark chocolate are
- Godiva Chocolatier
- The Margaret River Chocolate Company
- Lindt & Sprungli (Russell Stover)
- Zero Enthalpy Labs Pvt Ltd, Eda's Sugarfree
- Ghirardelli Chocolate
- Mars Incorporated
are some of the prominent players of the global Low-fat Dark Chocolate market.
For instance: In 2020, Hershey introduced “Hershey Exotic Dark” brand with the same blend of texture and flavour of Brookside Dark Chocolates. Hershey’s low-fat dark Chocolates will be available in different flavours including raspberry & goji, blueberry & acai.
Opportunities in the Low-fat Dark Chocolate: Market Gaining Traction
Manufacturers are aiming to source cocoa beans for making low-fat dark chocolate from countries like Ghana, The Ivory Coast, Brazil, and Ecuador. These countries produce a significant amount of cocoa beans of the highest quality.
Manufacturers are also striving to produce ingredients for low-fat dark chocolate themselves to ensure and take responsibility for the quality of the ingredient produced and, hence, the product.
Low-fat dark chocolate produced by the manufacturers is to be certified under institutions such as the US FDA, USDA, FSSAI, and EU commission. Certification from these institutions is very essential as it helps the manufacturer to achieve the quality standards by following the set standard operating procedure.
These labels and certifications achieved are showcased on the packaging of the product and hence give the product a competitive advantage over others.
Innovative and informative packaging design for low-fat dark chocolate is another aspect that gives the manufacturer an opportunity to influence the consumer to buy the product. Institutes such as FSSAI, India regulates the essential information about the product i.e., Low-fat dark chocolate should be on the packaging, such as nutritional value, manufacturing date, and expiry date that the manufacturers have to adhere.
The Low-fat dark chocolate market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.
The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the Low-fat dark chocolate market, including but not limited to: regional markets, type, flavor, nature, packaging, distribution channel.
An Adaptive Approach to Modern-day Research Needs
The Report Covers Exhaustive Analysis on:
- Low-fat dark chocolate market segment
- Low-fat dark chocolate market dynamics
- Low-fat dark chocolate market size
- Low-fat dark chocolate supply and demand
- Current trends/issues/challenges pertaining to Low-fat dark chocolate market
- Competition landscape and emerging market participants in Low-fat dark chocolate market
- Technology related to production/processing of Low-fat dark chocolate
- Value chain analysis of the Low-fat dark chocolate market
Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (Germany, U.K., France, Italy, Spain, BENELUX, Poland, Russia, Nordic, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
The Low-fat dark chocolate market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study.
By doing so, the Low-fat dark chocolate market report projects the attractiveness of each major segment over the forecast period.
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Highlights of the Low-Fat Dark Chocolate Market Report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the Low-fat dark chocolate market
- Recommendations to companies for strengthening their foothold in the Low-fat dark chocolate market
Low-Fat Dark Chocolate: Market Segmentation
Based on nature, the global Low-fat Dark Chocolate market can be segmented as:
Based on form, the global Low-fat Dark Chocolate market can be segmented as:
Based on flavor, the global Low-fat Dark Chocolate market can be segmented as:
- Berries Flavours
- Others (Acai Berries, Bilberries, etc)
- Tropical and Exotic Flavours
- Others (Pineapple, , etc)
- Citrus Flavours
- Other (Grapefruit, Tangerine, etc)
- Apple and Pears Flavours
- Berries Flavours
Based on flavor, the global Low-fat Dark Chocolate market can be segmented as:
- High protein
Based on application, the global Low-fat Dark Chocolate market can be segmented as:
- Bakery & Confectionery
Based on distribution channel, the global Low-fat Dark Chocolate market can be segmented as:
- Convenience Stores
- Specialty Stores
- Online Retail Stores
NOTE: All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of FACT.MR.
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