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Vegan Chocolate Confectionery Market

Vegan Chocolate Confectionery Market Size, Share and Segmentation by Product (Boxed, Molded Bars, Chips & Bites and Truffles & Cups), by Type (Milk Chocolate, Dark Chocolate and White Chocolate), by Distribution Channel (Online and Offline), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/F&B/1399 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Vegan Chocolate Confectionery Market Size was valued at USD 0.53 billion in 2021, and is expected to reach USD 1.38 billion by 2028, and grow at a CAGR of 14.5% over the forecast period 2022-2028.

Dairy items like milk fat, whey, casein, and milk solids are not utilized in that frame of mind, as this item incorporates no fixing got from creatures. Vegan chocolate is produced using the parts that are gotten from plants. They contain less measure of fat and cholesterol contrasted with ordinary chocolates. Vegan food culture is ascending in the laid-out nations, which is additionally helping in the development of the Vegan chocolate market.

Vegan Chocolate Confectionery Market Revenue Graph

Recent college grads and the functioning populace are exceptionally embracing the Vegan culture, which is assessed to flood the interest for the item. There are number of nations which were gravely impacted by the COVID-19 pandemic, because of which the stockpile of cocoa was hampered all over the planet.

This has declined the development of cocoa alongside the abatement in its deals. Additionally, there was a decrease in the interest for top of the line and distinctive chocolates. Conversely, the market development of chocolates is appeared to observe an ascent as there is a development in the interest by shoppers.

Market Dynamics:

Driving Factors:

  • Rising Demand for sans dairy Products.

Restraining Factors:

  • A developing number of contenders with a reduction sought after.

Opportunities:

  • The developing Vegan populace.

Challenges:

  •  Vacillation in the costs of natural substance.

Impact of Covid-19:

The COVID-19 pandemic seriously affected the clients' example of shopping. They are liking to stockpile items that give nourishment and energy, having private-mark, and are reasonable. The Covid episode has hampered the inventory network that has been influencing the assembling of Vegan chocolate items, for the most part in the art and little chocolate organizations.

During the pandemic, a great many people liked to hide away the fundamental items to make due. Chocolate might don't go under the rundown of fundamental items; be that as it may, it is a satisfying and joy looking thing for buyers. In Europe, the stores and other basic food item shops were unavailable as the vast majority of the chocolates were sold. Through internet business offices, these business sectors stay open aiding in speedy recuperation of the market. The Vegan chocolate sweet shop market is assessed to traverse the ongoing lockdown without s weighty misfortune.

Key Market Segmentation:

By Product:

  • Boxed

  • Molded Bars

  • Chips & Bites

  • Truffles & Cups

By Type:

  • Milk

  • Dark

  • White

By Distribution Channel:

  • Online

  • Offline

Vegan Chocolate Confectionery Market Segment Chart

In light of Type, the market is fragmented into Milk Chocolate, Dark Chocolate and White Chocolate. Milk portion procured the greatest income portion of the worldwide Vegan chocolate confectionery market.

In view of Product, the market is portioned into Molded Bars, Chips and Bites, Boxed and Truffles and Cups. Shaped bars portion ruled the market. The section is supposed to display same pattern during the figure time frame. Bar chocolate is considered as the most consumed chocolate classification all over the planet. Its helpful size made it famous among buyers. In view of the yearly pursuits by Google, the highest chocolates named as most loved chocolate all over the planet, are sold in the bar structure.

The Distribution channel section is projected to hold its predominance all through the conjecture period attributable to the high shopper tendency toward shopping basic food item items from general stores and comfort, strength, and supermarkets.

Regional Analysis:

North America

  • USA
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • The Netherlands
  • Rest of Europe

Asia-pacific

  • Japan
  • South Korea
  • China
  • India
  • Australia
  • Rest of Asia-pacific

The middle east & Africa

  • Israel
  • UAE
  • South Africa
  • Rest of middle east & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

In view of regions, the market is fragmented into North America, Europe, Asia Pacific, and Latin America, Middle East and Africa. North America acquired the greatest income share in 2021 and is supposed to enlist a critical development rate over the gauge time frame. The developing Vegan populace is expected to flood the market development around the district.

The Asia Pacific would observer worthwhile learning experiences over the figure time frame. Asia is the thickly populated landmass all over the planet with a more noteworthy populace and hence, it emphatically affects the food culture across the world.

Key Players:

Mondelez International, Inc, Equal Exchange Coop, Endorfin Foods, Raaka Chocolate Ltd., Goodio, No Whey Chocolate, Theo Chocolate, Inc., Endangered Species Chocolate, LLC, Alter Eco, Inc., Taza Chocolate

Vegan Chocolate Confectionery Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 0.53 Billion
Market Size by 2028 US$ 1.38 Billion
CAGR CAGR 14.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Product (Boxed, Molded Bars, Chips & Bites and Truffles & Cups)
• by Type (Milk Chocolate, Dark Chocolate and White Chocolate)
• by Distribution Channel (Online and Offline)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Mondelez International, Inc, Equal Exchange Coop, Endorfin Foods, Raaka Chocolate Ltd., Goodio, No Whey Chocolate, Theo Chocolate, Inc., Endangered Species Chocolate, LLC, Alter Eco, Inc., Taza Chocolate
Key Drivers •Rising Demand for sans dairy Products.
Restraints •A developing number of contenders with a reduction sought after.


Frequently Asked Questions (FAQ) :

Ans: Dark Chocolate Confectionery is projected to make a foothold in the worldwide Vegan Chocolate Confectionery market.

Ans: The base year calculated in the Vegan Chocolate Confectionery market report is 2021.

Ans: Mondelez International, Inc, Equal Exchange Coop, Endorfin Foods, Raaka Chocolate Ltd., Goodio, No Whey Chocolate, Theo Chocolate, Inc., Endangered Species Chocolate, LLC, Alter Eco, Inc., and Taza Chocolate are the key players in the global Vegan Chocolate Confectionery market.

Ans: The rising discretionary cash flow has further developed the buying force of purchasers in emerging nations and the rising reception of regular natural product juices as an option in contrast to circulated air through drinks are the elements driving and resulting in opportunities for the Vegan Chocolate Confectionery market.

Ans: Global Vegan Chocolate Confectionery Market Size to grow at a CAGR of 14.5 % over the forecast period 2022-2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 Covid 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value chain analysis

 

6. Porter’s 5 forces model

 

7.  Pest analysis

 

8.  Global Vegan Chocolate Confectionery market segmentation, by Product

8.1 Boxed

8.2 Molded Bars

8.3 Chips & Bites

8.4 Truffles & Cups

 

9. Global Vegan Chocolate Confectionery market segmentation by Type

9.1 Milk

9.2 Dark

9.3 White

 

10. Global Vegan Chocolate Confectionery market segmentation by Distribution Channel

10.1 Online

10.2 Offline

 

11. Global Vegan Chocolate Confectionery market, by region/ country

11.1     Introduction

11.2     North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3     Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4     Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5     The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6     Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company profiles

12.1 Mondelez International, Inc

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 Swot Analysis

12.1.4 The SNS View

12.2 Equal Exchange Coop 

12.3 Endorfin Foods

12.4 Raaka Chocolate Ltd.

12.3.5 Goodio

12.6 No Whey Chocolate

12.7 Theo Chocolate, Inc.

12.8 Endangered Species Chocolate LLC

12.9 Alter Eco, Inc.

12.10 Taza Chocolate

 

13. Competitive Landscape

13.1 Competitive Bench Marking

1.2 Market Share Analysis

13.3 Recent Developments

 

14. Conclusion

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Secondary Research

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