Overview of Global Vegan Chocolate Market
Veganism is defined as consumption of plant-based products. Thus, vegan chocolate is considered dairy-free. Veganism opposes the consumption of animal products and by-products, particularly dairy products such as cow milk. Dark chocolate is the finest chocolate for vegans, since it is made with cocoa butter instead of milk and other additives. It is named cocoa butter; however, it does not contain any dairy product and is classified as “butter” due to the creamy texture provided by the vegetable fat extract. The global vegan chocolate market is significantly driven by the increasing population of vegans and flexitarians.
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Increase in Health Awareness among Consumers Boosting Demand for Vegan Chocolates
A well-planned vegan diet, which adheres to healthy eating guidelines, provides all the nutrients that a body requires. It is suitable for people of all ages and stages of life, according to the American Academy of Nutrition and Dietetics and the British Dietetic Association. Several studies indicate the association of vegan chocolates with lower blood pressure and cholesterol as well as lower incidences of heart disease, type 2 diabetes, and various types of cancers. Veganism helps promote healthy eating habits and reduces the possible risks associated with harmful animal fats. Plant-based chocolates are rich in vitamins, essential fibers, and minerals. Many lactose-intolerant consumers choose plant-based alternatives. Thus, demand for vegan chocolates is increasing across the globe.
Surge in Demand for Highly Nutritious and Tasty Dark Vegan Chocolates to Drive Global Vegan Chocolate Market
In terms of the type, the vegan chocolate market has been classified into vegan milk chocolate, vegan dark chocolate, and vegan white chocolate. The dark chocolate segment dominated the market in 2022 with 52.9% share, as dark vegan chocolate is full of antioxidants and flavonoids, which help boost cognitive functions. Furthermore, people are increasingly seeking to add nutritional benefits while consuming chocolates. Dark chocolate also contains less sugar compared to milk chocolate and white chocolate. The milk vegan chocolate segment is expected to register the fastest CAGR of 10.9% during the forecast period.
Market Segmentation
Global Vegan Chocolate Market: Major Players
Chocolate Inspirations
Theo Chocolate
Endangered Species
Equal Exchange
UliMana
Goodio
Lindt
Hu
Thrive Market
Chocolove
Lulu’ s
Eating Evolved
Alter Eco
Endorphin Foods
Taza
Global Vegan Chocolate Market: Types
Plate
Bar
Other
Global Vegan Chocolate Market: Applications
Supermarket
Convenience Store
Online Sales
Other
Global Vegan Chocolate Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Vegan Chocolate market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Questions Answered in The Report:
- What are the market opportunities and threats faced by the vendors in the global market?
- What industrial trends, drivers, and challenges are manipulating its growth?
- What will be the market growth rate and size in the coming year?
- What are the main key factors driving the global market?
- What are the strengths and weaknesses of the key vendors?
- Who are the Leading key players and what are their Key Business plans in the near future?
- Who are the key market players and what are their strategies in the global market?
- What are the key market trends impacting the growth of the global market?
- Which are Trending factors influencing the market shares of the top regions across the globe? What is the impact of Covid-19 on the current industry?
Scope of the Market Report:
- Research report analyses to profile the top manufacturers, with price, sales, revenue, and global market share.
- The competitive situation, sales, revenue, and global market share of top manufacturers are analysed emphatically by landscape contrast.
- The breakdown data are shown at the regional level, to show the sales, revenue, and growth by region.
- The research report breaks the sales data at the country level, with sales, revenue, and market share for key countries in the world.
- The market segments the sales by type and application, with sales market share and growth rate by type, and application.
- The research report describes sales channels, distributors, customers, research findings and conclusion, appendix, and data source.
