LONDON--(BUSINESS WIRE)--The global spirulina chocolates market is expected to grow by USD 151.32 million as per Technavio. This marks a significant market slowdown compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of about 9%. Request free sample pages
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The market is driven by the health benefits associated with spirulina products. In addition, government support in promoting the production of spirulina is anticipated to boost the growth of the spirulina chocolates market.
The demand for spirulina chocolates is likely to grow during the forecast period, attributable to the growing awareness about their health benefits, especially in Europe and the Americas. Spirulina is considered to be a superfood, owing to its nutrient content. Spirulina contains a decent amount of magnesium, potassium, manganese, and other micronutrients. Spirulina also helps to prevent cancer, as it increases the production of antibodies, infection-fighting proteins, and other cells that improve immunity and help in cancer prevention. Spirulina contains beta-carotene and thus is an excellent antioxidant. Spirulina also contains phycocyanin, a pigment that exhibits antihypertensive properties and is highly effective in reducing blood pressure.
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Major Five Spirulina Chocolates Companies:
Akal Food
Akal Food offers various products made using spirulina such as spirulina drinks, spirulina chocolates, soaps produced using spirulina, and others. The company offers spirulina chocolates under the brand, KISSMI.
Bio Benjamin Chocolate Factory
Bio Benjamin Chocolate Factory has business operations under two segments, namely Benjamissimo, and Happy Benjamino. The company offers spirulina chocolates under the brand, Happy Benjamino.
Doisy & Dam Ltd.
Doisy & Dam Ltd. is a privately held company, headquartered in the UK. Doisy & Dam Ltd. offers dark chocolate made using various ingredients. The company offers spirulina chocolate under the brand, Doisy & Dam.
Giddy Yoyo Inc.
Giddy Yoyo Inc. operates its business through various segments, such as body care, chocolate, cacao, and superfoods. The company offers spirulina chocolate under the brand, Giddy Yoyo.
Karmasukom Energy LLP
Karmasukom Energy LLP offers granola bar, cocoa and dates delight double layered bar, and other bars. The company offers spirulina chocolate under the brand, Nutrezy.
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Spirulina Chocolates Distribution channel Outlook (Revenue, USD Million, 2020-2024)
- Offline distribution
- Online distribution
Spirulina Chocolates Regional Outlook (Revenue, USD Million, 2020-2024)
- APAC
- Europe
- MEA
- North America
- South America
- Key leading countries
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