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Vegan Confectionery Market

Vegan Confectionery Market Size, Share and Segmentation by Product (Chocolate, Sugar and Flour), by Distribution Channel (Offline and Online), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/F&B/1403 | May 2022 | Region: Global | 120 Pages

Report Scope & Overview:

The Vegan Confectionery Market Size was valued at USD 1.09 billion in 2021, and is expected to reach USD 2.45 billion by 2028, and grow at a CAGR of 12 % over the forecast period 2022-2028.

Confectionery, otherwise called desserts or candy, is sweet food. As a general rule, a sweet shop is partitioned into two wide and fairly covering classes, dough punchers' desserts and sugar sugary treats. The developing pattern of a plant-based diet among the shoppers has been enlarging the item's degree over the world. Veggie lover candy store incorporates food items like chocolate, sugar, and others, which are plant-based.

Vegan Confectionery Market Revenue Graph

The rising movement among customers towards plant-based eats less carbs, because of way of life issues and wellbeing concerns, has been filling the development of the overall market lately. Virtual entertainment posts on the vegetarian way of life and its advantages likewise urge shoppers to take on plant-based slims down, accordingly adding to advertising development.

This confectionery market report gives subtleties of new ongoing turns of events, exchange guidelines, import trade examination, creation investigation, esteem chain advancement, a portion of the overall industry, the effect of homegrown and limited market players, investigations open doors as far as arising income pockets, changes in market guidelines, key market development investigation, market size, class market developments, application specialties and predominance, item endorsements, item dispatches, geographic extensions, mechanical developments on the lookout.

Market Dynamics:

Driving Factors:

  • Developing interest for sans dairy, without gluten, and plant-based items.

  • Expanding wellbeing awareness.

Restraining Factors:

  • The excessive cost related to Vegan confectioneries.

Opportunities:

  • The ascent in mindfulness connected with creature remorselessness.

  • Ecological harm.

Challenges:

  • The variance in costs of natural substances.

Impact Of Covid-19:

The Covid flare-up has been changing the shopping example of buyers. Customers have been accumulating lower-evaluated and private-name bites that offer energy and sustenance. Notwithstanding, the upset store network has been adversely affecting the assembling of the items, particularly in the little and art chocolate firms.

Key Market Segmentation:

By Product:

  • Chocolate

  • Sugar

  • Flour

By Distribution Channel:

  • Online

  • Offline

Vegan Confectionery Market Segment Chart

Interest for the plant-based chocolate sweet shop has become essential because of its low-fat and low cholesterol properties. The reception of the item is expanding strikingly among twenty to thirty-year old’s and centennials. Thusly, makers in the business have been presenting new items focusing on these populace gatherings.

The plant-based food industry has been advancing its items by going into associations with merchants and corporate stores. The web-based dissemination channel is projected to observe quicker development during the gauge time frame. The rising number of online retailers with serious value is supporting the development of this fragment. Furthermore, the development can be ascribed to the rising reliance of age X, recent college grads, and age Z on the web and web-based business.

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

North America drives the veggie lover candy store market because of flooding measures of vegetarian patterns and lactose intolerants inside this area. Asia-Pacific is supposed to extend at a critical development rate over the estimated time of 2021 to 2028 because of expanding utilization of plant-based food items because of expanding wellbeing awareness and veganism.

The nation part of the vegetarian candy parlor market report additionally gives individual market influencing elements and changes in guidelines in the market locally that influences the current and future patterns of the market. The information focuses, for example, on utilization volumes, creation locales and volumes, import trade investigation, cost pattern examination, cost of unrefined substances, downstream and upstream worth chain investigation are a portion of the huge pointers used to assess the market circumstance for individual countries. Likewise, the presence and accessibility of worldwide brands and their moves looked because of the enormous or scant contest from the neighborhood and homegrown brands, the effect of homegrown duties and shipping lanes are considered while giving figure examination of the nation information.

Key Players:

Taza Chocolate, Alter Eco, Endangered Species Chocolate, LLC, EQUAL EXCHANGE COOP, Chocoladefabriken Lindt & Sprüngli AG, Mondelēz International, Dylan's Candy Bar, Endorfin, Goodio, Freedom Confectionery, Creative Natural Products, Inc.

Vegan Confectionery Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 1.09 Billion
Market Size by 2028 US$ 2.45 Billion
CAGR CAGR 12% 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 (Chocolate, Sugar and Flour)
• by Distribution Channel (Offline and Online)
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 Taza Chocolate, Alter Eco, Endangered Species Chocolate, LLC, EQUAL EXCHANGE COOP, Chocoladefabriken Lindt & Sprüngli AG, Mondelēz International, Dylan's Candy Bar, Endorfin, Goodio, Freedom Confectionery, Creative Natural Products, Inc.
Key Drivers •Developing interest for sans dairy, without gluten, and plant-based items.
•Expanding wellbeing awareness.
Market Restraints •The excessive cost related to Vegan confectioneries.


Frequently Asked Questions (FAQ) :

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

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

Ans: Taza Chocolate, Alter Eco, Endangered Species Chocolate, LLC, EQUAL EXCHANGE COOP, Chocoladefabriken Lindt & Sprüngli AG, Mondel?z International, Dylan's Candy Bar, Endorfin, Goodio, Freedom Confectionery, Creative Natural Products, Inc. are the key players in the global Vegan Confectionery market.

 Ans: Expanding wellbeing awareness and the variance in costs of natural substances are the elements driving and resulting in opportunities for the Vegan Confectionery market.

Ans: Global Vegan Confectionery Market Size is expected to reach USD 2.45 billion by 2028, and grow at a CAGR of 12 % 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 and Russia war

 

5. Value chain analysis

 

6. Porter’s 5 forces model

 

7.  Pest analysis

 

8. Global Vegan Confectionery market segmentation, by Product

8.1 Chocolate

8.2 Sugar

8.3 Flour

 

9.  Global Vegan Confectionery market segmentation, by Distribution Channel

9.1 Online

9.2 Offline

 

10. Global Vegan Confectionery market, by region/ country

10.1     Introduction

10.2     North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3     Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4     Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5     The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6     Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

11. Company profiles

11.1 Taza Chocolate

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 Swot Analysis

11.1.4 The SNS View

11.2 Alter Eco

11.3 Endangered Species Chocolate, LLC

11.4 EQUAL EXCHANGE COOP

11.5 Chocoladefabriken Lindt & Sprüngli AG

11.6 Mondelēz International

11.7 Dylan's Candy Bar

11.8 Endorfin

11.9 Goodio

11.10 Freedom Confectionery

11.11 Creative Natural Products, Inc.

 

12. Competitive Landscape

12.1 Competitive Bench Marking

12.2 Market Share Analysis

12.3 Recent Developments

 

13. Conclusion

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Secondary Research

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