Market Overview:
The global vegan confectionery market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about veganism, increasing demand for healthy and organic food products, and growing trend of snacking among consumers. The chocolate segment is expected to account for the largest share of the global vegan confectionery market in 2018. This can be attributed to the growing popularity of chocolate among consumers across all age groups. In addition, increasing demand for dark chocolate due its health benefits is also contributing to the growth of this segment. The retail stores segment is expected to account for the largest share of the global vegan confectionery market in 2018. This can be attributed to increasing demand from urban areas for convenience foods that are healthy and meet dietary requirements such as being vegan-friendly.
Product Definition:
A vegan confectionery is a food item that does not contain any animal-based ingredients. This can include products such as candies, chocolates, and other desserts. Vegan confectionery is often preferred by those who follow a vegan diet or those with allergies to dairy or eggs.
Chocolate:
Chocolate is a food product made from cocoa seeds. It is considered as an excellent source of flavonoids, which have antioxidant properties. The main function of chocolate is to provide sweet taste with slight bitter aftertaste. Apart from this, it also acts as an Aphrodisiac and Stimulant (mild).
Sugar:
Sugar is a carbohydrate that is found in fruits such as grapes, apples, pears and bananas. It plays an important role in fruit ripening and sweetening. The majority of the sugar produced worldwide is granulated or white sugar. Brown sugar contains molasses which can be used as an alternative to white sugar if required. Molasses can be made into brown sugar by using whole cane or beetroot juice for processing.
Application Insights:
The specialty outlets segment held the largest share of over 40.0% in 2017. The growth can be attributed to the increasing demand for unique and innovative confectionery products from specialty stores and retail outlets that offer a wider range of flavors, colors, shapes and materials. Moreover, rising consumer preference for healthy snacks will drive the demand further.
The supermarkets segment is expected to witness significant growth over the forecast period owing to increased product availability at lower prices as compared with other retailers such as hypermarkets or supermarkets located near highways where accessibility is an issue for rural consumers who travel on foot or by bicycle daily for work or school purposes. These factors are likely to increase product penetration in developing economies such as India, China, Vietnam etc.
Regional Analysis:
North America dominated the global vegan confectionery market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing health consciousness and awareness about animal cruelty among consumers in U.S., Canada, and Mexico.
Asia Pacific is anticipated to be one of the fastest growing markets for vegan confectionery products with a CAGR exceeding 7% during the same period owing to changing consumer lifestyle along with increasing disposable income especially in China.
Europe also accounted for significant share (over 20%) in terms of revenue due to high demand from Germany, France Italy, U.K.
Growth Factors:
- Increasing awareness about the health benefits of veganism is driving demand for vegan-friendly confectionery products.
- There is a growing trend among consumers towards healthier and more sustainable lifestyles, which is benefiting the vegan confectionery market.
- The increasing popularity of plant-based diets has led to a rise in the number of vegans, providing a potential growth opportunity for the vegan confectionery market.
- Innovation in product offerings by key players is helping to drive growth in the vegan confectionery market.
- Growing demand from emerging markets offers significant potential for growth in the global vegan confectionery market
Scope Of The Report
Report Attributes
Report Details
Report Title
Vegan Confectionery Market Research Report
By Type
Chocolate, Sugar, Others
By Application
Super market, Retail Stores, Specialty Outlets, Others
By Companies
Taza Chocolate, Alter Eco, Endangered Species Chocolate, LLC, Equal Exchange, Mondelēz International, Endorfin Foods, Goodio, Chocolate Inspirations, Eating Evolved, Plamil Foods Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Vegan Confectionery Market Report Segments:
The global Vegan Confectionery market is segmented on the basis of:
Types
Chocolate, Sugar, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Super market, Retail Stores, Specialty Outlets, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Taza Chocolate
- Alter Eco
- Endangered Species Chocolate, LLC
- Equal Exchange
- Mondelēz International
- Endorfin Foods
- Goodio
- Chocolate Inspirations
- Eating Evolved
- Plamil Foods Ltd
Highlights of The Vegan Confectionery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chocolate
- Sugar
- Others
- By Application:
- Super market
- Retail Stores
- Specialty Outlets
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vegan Confectionery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vegan Confectionery is a term used to describe any type of food or drink that is made without animal products. This can include items like vegan ice cream, cake, cookies, and candy.
Some of the major companies in the vegan confectionery market are Taza Chocolate, Alter Eco, Endangered Species Chocolate, LLC, Equal Exchange, Mondelēz International, Endorfin Foods, Goodio, Chocolate Inspirations, Eating Evolved, Plamil Foods Ltd.
The vegan confectionery market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vegan Confectionery Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Vegan Confectionery Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Vegan Confectionery Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Vegan Confectionery Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Vegan Confectionery Market Size & Forecast, 2020-2028 4.5.1 Vegan Confectionery Market Size and Y-o-Y Growth 4.5.2 Vegan Confectionery Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Chocolate
5.2.2 Sugar
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Super market
6.2.2 Retail Stores
6.2.3 Specialty Outlets
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vegan Confectionery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vegan Confectionery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Chocolate
9.6.2 Sugar
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Super market
9.10.2 Retail Stores
9.10.3 Specialty Outlets
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Chocolate
10.6.2 Sugar
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Super market
10.10.2 Retail Stores
10.10.3 Specialty Outlets
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Chocolate
11.6.2 Sugar
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Super market
11.10.2 Retail Stores
11.10.3 Specialty Outlets
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Chocolate
12.6.2 Sugar
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Super market
12.10.2 Retail Stores
12.10.3 Specialty Outlets
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Chocolate
13.6.2 Sugar
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Super market
13.10.2 Retail Stores
13.10.3 Specialty Outlets
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vegan Confectionery Market: Competitive Dashboard
14.2 Global Vegan Confectionery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Taza Chocolate
14.3.2 Alter Eco
14.3.3 Endangered Species Chocolate, LLC
14.3.4 Equal Exchange
14.3.5 Mondelēz International
14.3.6 Endorfin Foods
14.3.7 Goodio
14.3.8 Chocolate Inspirations
14.3.9 Eating Evolved
14.3.10 Plamil Foods Ltd