Vegan Chocolate Confectionery Market Size, Growth, Global Trends, Forecast to 2032

Vegan Chocolate Confectionery Market Insights

According to Zion Market Research, the global Vegan Chocolate Confectionery Market was worth USD 658.35 Million in 2023. The market is forecast to reach USD 2022.26 Million by 2032, growing at a compound annual growth rate (CAGR) of 13.28% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Vegan Chocolate Confectionery Market industry over the next decade.

Global Vegan Chocolate Confectionery Market Size Overview

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The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2022 along with a forecast from 20224 to 2032 based on revenue USD Billion.

Vegan Chocolate Confectionery Market: Overview

Growing consciousness pertaining to animal cruelty coupled with an increase in the number of campaigns raising pollution concerns hazardous to the environment will drive market trends. Apart from this, surging incidences of lactose intolerance & other food-related allergies in adults & children have transformed the eating & dietary habits of consumers and this has enhanced the popularity of vegan chocolate confectionery in recent years. Furthermore, humungous demand for vegan items across the globe will create new growth avenues for the vegan chocolate confectionery business in the years ahead.

Vegan Chocolate Confectionery Market: Growth Drivers

consumers are aware of the type of food they intake as it affects their holistic health and these trends are likely to benefit overall market growth in the near future. With the market being competitive & fragmented and a large number of organizations entering the business, the vegan chocolate confectionery industry is anticipated to gain traction in the years ahead. In addition to this, Escalating concerns pertaining to personal health and compassion for animals will open new vistas of growth for the vegan chocolate confectionery industry over the assessment period.

Furthermore, the addition of new products to the existing product lines will contribute substantially towards overall market size in the upcoming years. The rise in lactose-intolerant persons has translated into the massive popularity of dairy-free products, thereby driving business space. With changing food patterns & dietary habits as well as a sedentary lifestyle due to the COVID outbreak, the demand for products has gained traction. This has culminated in massive product penetration in households across the globe, thereby propping market expansion in recent years. Disrupted supply chain activities have leveraged the overall bakery industry, thereby proving beneficial for market growth.

Vegan Chocolate Confectionery Market: Report Scope

Regional Landscape

North America To Contribute Enormously Towards Overall Market Size Over 2024-2032

The growth of the vegan chocolate confectionery industry in North America during the forecast timespan is due to a surge in the vegan population in Canada and the U.S. In addition to this, the presence of reputed product manufacturers in the sub-continent and the introduction of new food concepts along with the popularity of vegan diets among baby boomers & millennial population will inflate market size in North America.  

Reportedly, sales of vegan foods have increased sumptuously during the past few years in countries such as the U.S. Additionally, vegan trends have increased by more than double in the U.S. This will proliferate market revenue in North America in the coming years.

Competitive Landscape  

Key players profiled in the study include

• Alter Eco
• Taza Chocolate
• Dylan’s Candy Bar
• Endorfin
• Creative Natural Products Inc.
• Goodio
• Mondelez International
• Endangered Species Chocolate LLC.

The global Vegan Chocolate Confectionery Market is segmented as follows:

By Product

• Molded Bars
• Chips & Bites
• Boxed

By Distribution Channel

• Offline
• Online

By Type

• Dark
• Milk

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa