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%.
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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