Vegan Chocolate Confectionery Market Size, Growth, Global Trends, Forecast to 2026

Vegan Chocolate Confectionery Market

Vegan Chocolate Confectionery Market Size – By Product (Molded Bars, Chips & Bites, and Boxed), By Distribution Channel (Offline and Online), By Type (Dark and Milk), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Food & Beverage Report Format : PDF Pages: 140 Report Code: ZMR-6429 Published Date: Jun-2021 Status : Published
Market Size in 2019 Market Forecast in 2026 CAGR (in %) Base Year
USD 14.1 Billion USD 27.5 Billion 15.1%% 2019

Vegan Chocolate Confectionery Market

Global Vegan Chocolate Confectionery Market Size Overview

The Global Vegan Chocolate Confectionery Market Size accrued earnings worth approximately 14.1 USD Billion in 2019 and is predicted to gain revenue of about 27.5 USD Billion by 2026, is set to record a CAGR of nearly 15.1% over the period from 2020 to 2026. The report offers an assessment and analysis of the Vegan Chocolate Confectionery market on a global and regional level.

Vegan Chocolate Confectionery Market SizeRequest Free Sample

The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue USD Billion.

Vegan Chocolate Confectionery Market: Overview

Growing consciousness pertaining to animal cruelty coupled with an increase in the number of campaigns raising pollution concerns hazardous to the environment will drive market trends. Apart from this, surging incidences of lactose intolerance & other food-related allergies in adults & children have transformed the eating & dietary habits of consumers and this has enhanced the popularity of vegan chocolate confectionery in recent years. Furthermore, humungous demand for vegan items across the globe will create new growth avenues for the vegan chocolate confectionery business in the years ahead.

Vegan Chocolate Confectionery Market: Growth Drivers

consumers are aware of the type of food they intake as it affects their holistic health and these trends are likely to benefit overall market growth in the near future. With the market being competitive & fragmented and a large number of organizations entering the business, the vegan chocolate confectionery industry is anticipated to gain traction in the years ahead. In addition to this, Escalating concerns pertaining to personal health and compassion for animals will open new vistas of growth for the vegan chocolate confectionery industry over the assessment period.

Furthermore, the addition of new products to the existing product lines will contribute substantially towards overall market size in the upcoming years. The rise in lactose-intolerant persons has translated into the massive popularity of dairy-free products, thereby driving business space. With changing food patterns & dietary habits as well as a sedentary lifestyle due to the COVID outbreak, the demand for products has gained traction. This has culminated in massive product penetration in households across the globe, thereby propping market expansion in recent years. Disrupted supply chain activities have leveraged the overall bakery industry, thereby proving beneficial for market growth.

Vegan Chocolate Confectionery Market: Report Scope

Report Attributes Report Details
Report Name Vegan Chocolate Confectionery Market Research Report
Market Size in 2019 USD 14.1 Billion
Market Forecast in 2026 USD 27.5 Billion
Growth Rate CAGR of 15.1%
Number of Pages 140
Key Companies Covered Alter Eco, Taza Chocolate, Dylan’s Candy Bar, Endorfin, Creative Natural Products, Inc., Goodio, Mondelez International, and Endangered Species Chocolate, LLC.
Segments Covered By Product Type, By Distribution Channel, By Type, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2019
Historical Year 2017 to 2019
Forecast Year 2020 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Regional Landscape

North America To Contribute Enormously Towards Overall Market Size Over 2020-2026

The growth of the vegan chocolate confectionery industry in North America during the forecast timespan is due to a surge in the vegan population in Canada and the U.S. In addition to this, the presence of reputed product manufacturers in the sub-continent and the introduction of new food concepts along with the popularity of vegan diets among baby boomers & millennial population will inflate market size in North America.  

Reportedly, sales of vegan foods have increased sumptuously during the past few years in countries such as the U.S. Additionally, vegan trends have increased by more than double in the U.S. This will proliferate market revenue in North America in the coming years.

Competitive Landscape  

Key players profiled in the study include

  • Alter Eco
  • Taza Chocolate
  • Dylan’s Candy Bar
  • Endorfin
  • Creative Natural Products Inc.
  • Goodio
  • Mondelez International
  • Endangered Species Chocolate LLC.

The global Vegan Chocolate Confectionery Market is segmented as follows:

By Product

  • Molded Bars
  • Chips & Bites
  • Boxed

By Distribution Channel

  • Offline
  • Online

By Type

  • Dark
  • Milk

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Escalating concerns pertaining to personal health and compassion for animals will open new vistas of growth for vegan chocolate confectionery industry over the assessment period. In addition to this, consumers are aware about the type of food they intake as it affects their holistic health and these trends are likely to benefit overall market growth in the near future. With market being competitive & fragmented and large number of organizations entering the business, the vegan chocolate confectionery industry is anticipated to gain traction in the years ahead.

Furthermore, addition of new products to existing product line will contribute substantially towards overall market size in the upcoming years. Rise in lactose intolerant persons has translated into massive popularity of dairy-free products, thereby driving business space.  

According to Zion market research report, the global Vegan Chocolate Confectionery market size accrued earnings worth approximately 14.1(USD Billion) in 2019 and is predicted to gain revenue of about 27.5 (USD Billion) by 2026, is set to record a CAGR of nearly 15.1% over the period from 2020 to 2026.

North America will contribute lucratively towards the global market size over the estimated timespan. The regional market surge is owing to surge in the vegan population in Canada and the U.S. In addition to this, presence of reputed product manufacturers in the sub-continent and introduction of new food concepts along with popularity of vegan diet among baby boomers & millennial population will inflate market size in North America.  Reportedly, sales of vegan foods has increased sumptuously during past few years in countries such as the U.S. Additionally, vegan trends has increased by more than double in the U.S. This will proliferate market revenue in North America in the coming years.

 

The key market participants include Alter Eco, Taza Chocolate, Dylan’s Candy Bar, Endorfin, Creative Natural Products, Inc., Goodio, Mondelez International, and Endangered Species Chocolate, LLC.

Product (Molded Bars, Chips & Bites, And Boxed), By Distribution Channel (Offline And Online), By Type (Dark And Milk), And By Region

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