Vegan Chocolate Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Type (Dark Chocolate, Milk Chocolate, and White Chocolate), By Category (Boxed, Bars, Countlines, and Others (Pouches & Bags, etc.)), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online, Departmental Stores and Non-Retail) By Region, Competi
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Download Sample Ask for Discount Request CustomizationVegan Chocolate Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Type (Dark Chocolate, Milk Chocolate, and White Chocolate), By Category (Boxed, Bars, Countlines, and Others (Pouches & Bags, etc.)), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online, Departmental Stores and Non-Retail) By Region, Competi
The global vegan chocolate market is growing at an exponential rate during the forecast period. Owing to the increasing health awareness among consumers regarding benefits of plant-based food products, rising cases of food-related allergies, and increasing public regarding animal cruelty.
Vegan chocolates give vegans a better alternative to traditional chocolates because vegans are very particular about their food and diet. Vegan chocolates are thought of as a healthier alternative because they don't contain dairy-based ingredients such as milk and animal fats. Traditional chocolates contain processed sugar, which is unsuitable for the health, but organic vegan chocolate is not harmful for health, so it can help consumers satisfy their sweet tooth without having any negative effects on their health. Vegan chocolates are good for weight loss because they are low in fat and high in protein. Moreover, vegan chocolate builds a stronger immune system and controls blood circulation in the body.
health (43%), liking the taste (41%), and adding variety to one’s diets/trying something new (34%)
Rising Consumer Awareness Toward Animal Cruelty is Fueling the Market Growth
When considering the circumstances and surroundings in which animals are raised, consumers are becoming more considerate and sensitive to their sufferings. Due to concerns about animal welfare, they are choosing plant-based products more and more often, particularly plant-based chocolates. The People for the Ethical Treatment of Animals (PETA) claims that in order to increase cows' annual milk production, Bovine Growth Hormones (BGH) and antibiotics are given to them, in order to increase cow productivity and efficiency. Their health suffers as a result, and the likelihood that their children will be born with congenital defects rises. This would aid in addressing environmental concerns owing to which plant based or vegan chocolate market is propelling the market during the forecast period.
Growing Vegan Population is Driving the Market Growth
For instance, in September 2021, it was estimated that there were 79 million vegans, which is more than 1% of the world's population.
Increasing Demand from Millennials and GenZ Aiding the Market Growth
. According to a survey commissioned by Barry Callebaut, three out of four (74%) respondents aged 18 to 44 say they occasionally eat plant-based chocolate.
Market Segmentation
The global Vegan Chocolate market is segmented based on type, category, distribution channel region, and competitional landscape. Based on type, the market is further fragmented into dark chocolate, milk chocolate, and white chocolate. Based on category, the market is further segmented into boxed, bars, countlines, and others (pouches & bags, etc.). In terms of distribution channel, the market is further divided into supermarkets/hypermarkets, convenience retailers, specialty retailers, online, departmental retailers and non-retail. On the basis of region, the market is divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Company Profiles
Mondelez International, Inc., Nestlé S.A., Tofutti Brands Inc., Plamil Foods Ltd., Barry Callebaut AG, Endangered Species Chocolate, LLC., Endorfin Foods Inc., Goodio / Helsinki Heaven Oy, Montezuma’s Direct Ltd, Chocoladefabriken Lindt & Sprüngli AG
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2018-2021 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | TypeCategoryDistribution ChannelRegion |
| Regional Scope | North America, Europe, Asia-Pacific, Middle East & Africa and South America |
| Country Scope | United States, Canada, Mexico, Germany, France, United Kingdom, Italy, Spain, China, India, Japan, South Korea, Australia, Saudi Arabia, UAE, South Africa, Qatar, Brazil, Argentina, Colombia |
| Key Companies Profiled | Mondelez International, Inc., Nestlé S.A., Tofutti Brands Inc., Plamil Foods Ltd, Barry Callebaut AG, Endangered Species Chocolate, LLC., Endorfin Foods Inc., Goodio / Helsinki Heaven Oy, Montezuma’s Direct Ltd, Chocoladefabriken Lindt & Sprüngli AG, etc |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Report Scope
In this report, the global Vegan Chocolate market has been segmented into the following categories, in addition to the industry trends which have also been detailed below
- Vegan Chocolate Market, By Type
- Dark
- Milk
- White
- Vegan Chocolate Market, By Category
- Boxed
- Bars
- Countlines
- Others
- Vegan Chocolate Market, By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Departmental Stores
- Non-Retail
- Vegan Chocolate Market, By Region
- North America
- United States
- Canada
- Mexico
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Qatar
- South America
- Brazil
- Argentina
- Colombia
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