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 Buy Now 2890 Download Sample Ask for Discount Request CustomizationThe 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.
If you're vegan, you know how important it is to find foods that fit your lifestyle, and that's where vegan chocolates come in! They're a fantastic alternative to traditional chocolates, especially because they skip the dairy, like milk and animal fats, that many vegans avoid. Plus, some people think of them as a healthier choice. While regular chocolates often have processed sugar that's not so great for you, organic vegan chocolate can be a guilt-free way to satisfy your sweet tooth. And the good news doesn't stop there! Vegan chocolates can even be helpful if you're trying to lose weight since they're typically low in fat and packed with protein. As if that wasn't enough, they can also help boost your immune system and keep your blood circulating smoothly.
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
People are really starting to think about how animals are treated on farms and are becoming more aware of their pain. Because of this, more and more folks are going for plant-based options, especially plant-based chocolates! PETA says that to get cows to produce more milk each year, they're often given BGH and antibiotics. This is to pump up their milk production, but it really hurts their health and makes it more likely that their calves will have birth defects. Choosing plant-based chocolates can also help with environmental issues, which is why the vegan chocolate market is expected to grow 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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