Report Scope & Overview:
Vegan Chocolate Confectionery Market Size was valued at USD 0.60 billion in 2022, and is expected to reach USD 1.79 billion by 2030, and grow at a CAGR of 14.5% over the forecast period 2023-2030.
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.
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.
Rising Demand for sans dairy Products.
A developing number of contenders with a reduction sought after.
The developing Vegan populace.
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:
Chips & Bites
Truffles & Cups
By Distribution Channel:
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.
The middle east & Africa
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.
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.
Equal Exchange Coop-Company Financial Analysis
|Market Size in 2022||US$ 0.60 Billion|
|Market Size by 2030||US$ 1.79 Billion|
|CAGR||CAGR 14.5% From 2023 to 2030|
|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.|
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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. Pest analysis
8. Global Vegan Chocolate Confectionery market segmentation, by Product
8.2 Molded Bars
8.3 Chips & Bites
8.4 Truffles & Cups
9. Global Vegan Chocolate Confectionery market segmentation by Type
10. Global Vegan Chocolate Confectionery market segmentation by Distribution Channel
11. Global Vegan Chocolate Confectionery market, by region/ country
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company profiles
12.1 Mondelez International, Inc
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.
12.6 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
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