Vegan Confectionery Market Size was valued at USD 1.22 billion in 2022, and is expected to reach USD 3.02 billion by 2030, and grow at a CAGR of 12% over the forecast period 2023-2030.
Confectionery, otherwise called desserts or candy, is sweet food. As a general rule, a sweet shop is partitioned into two wide and fairly covering classes, dough punchers' desserts and sugar sugary treats. The developing pattern of a plant-based diet among the shoppers has been enlarging the item's degree over the world. Veggie lover candy store incorporates food items like chocolate, sugar, and others, which are plant-based.
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The rising movement among customers towards plant-based eats less carbs, because of way of life issues and wellbeing concerns, has been filling the development of the overall market lately. Virtual entertainment posts on the vegetarian way of life and its advantages likewise urge shoppers to take on plant-based slims down, accordingly adding to advertising development.
This confectionery market report gives subtleties of new ongoing turns of events, exchange guidelines, import trade examination, creation investigation, esteem chain advancement, a portion of the overall industry, the effect of homegrown and limited market players, investigations open doors as far as arising income pockets, changes in market guidelines, key market development investigation, market size, class market developments, application specialties and predominance, item endorsements, item dispatches, geographic extensions, mechanical developments on the lookout.
Driving Factors:
Developing interest for sans dairy, without gluten, and plant-based items.
Expanding wellbeing awareness.
Restraining Factors:
The excessive cost related to Vegan confectioneries.
Opportunities:
The ascent in mindfulness connected with creature remorselessness.
Ecological harm.
Challenges:
The variance in costs of natural substances.
The Covid flare-up has been changing the shopping example of buyers. Customers have been accumulating lower-evaluated and private-name bites that offer energy and sustenance. Notwithstanding, the upset store network has been adversely affecting the assembling of the items, particularly in the little and art chocolate firms.
By Product:
Chocolate
Sugar
Flour
By Distribution Channel:
Online
Offline
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Interest for the plant-based chocolate sweet shop has become essential because of its low-fat and low cholesterol properties. The reception of the item is expanding strikingly among twenty to thirty-year old’s and centennials. Thusly, makers in the business have been presenting new items focusing on these populace gatherings.
The plant-based food industry has been advancing its items by going into associations with merchants and corporate stores. The web-based dissemination channel is projected to observe quicker development during the gauge time frame. The rising number of online retailers with serious value is supporting the development of this fragment. Furthermore, the development can be ascribed to the rising reliance of age X, recent college grads, and age Z on the web and web-based business.
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-pacific
Japan
South Korea
China
India
Australia
Rest of Asia-pacific
The middle east & Africa
Israel
UAE
South Africa
Rest of middle east & Africa
Latin America
Brazil
Argentina
Rest of Latin America
North America drives the veggie lover candy store market because of flooding measures of vegetarian patterns and lactose intolerants inside this area. Asia-Pacific is supposed to extend at a critical development rate over the estimated time of 2021 to 2028 because of expanding utilization of plant-based food items because of expanding wellbeing awareness and veganism.
The nation part of the vegetarian candy parlor market report additionally gives individual market influencing elements and changes in guidelines in the market locally that influences the current and future patterns of the market. The information focuses, for example, on utilization volumes, creation locales and volumes, import trade investigation, cost pattern examination, cost of unrefined substances, downstream and upstream worth chain investigation are a portion of the huge pointers used to assess the market circumstance for individual countries. Likewise, the presence and accessibility of worldwide brands and their moves looked because of the enormous or scant contest from the neighborhood and homegrown brands, the effect of homegrown duties and shipping lanes are considered while giving figure examination of the nation information.
Taza Chocolate, Alter Eco, Endangered Species Chocolate, LLC, EQUAL EXCHANGE COOP, Chocoladefabriken Lindt & Sprüngli AG, Mondelēz International, Dylan's Candy Bar, Endorfin, Goodio, Freedom Confectionery, Creative Natural Products, Inc.
Endangered Species Chocolate-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2021 | US$ 1.22 Billion |
| Market Size by 2028 | US$ 3.02 Billion |
| CAGR | CAGR 12% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Product (Chocolate, Sugar and Flour) • by Distribution Channel (Offline and Online) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Taza Chocolate, Alter Eco, Endangered Species Chocolate, LLC, EQUAL EXCHANGE COOP, Chocoladefabriken Lindt & Sprüngli AG, Mondelēz International, Dylan's Candy Bar, Endorfin, Goodio, Freedom Confectionery, Creative Natural Products, Inc. |
| Key Drivers | •Developing interest for sans dairy, without gluten, and plant-based items. •Expanding wellbeing awareness. |
| Market Restraints | •The excessive cost related to Vegan confectioneries. |
Ans: Vegan Chocolate Confectionery is projected to make a foothold in the worldwide Vegan Confectionery market.
Ans: The base year calculated in the Vegan Confectionery market report is 2021.
Ans: Taza Chocolate, Alter Eco, Endangered Species Chocolate, LLC, EQUAL EXCHANGE COOP, Chocoladefabriken Lindt & Sprüngli AG, Mondel?z International, Dylan's Candy Bar, Endorfin, Goodio, Freedom Confectionery, Creative Natural Products, Inc. are the key players in the global Vegan Confectionery market.
Ans: Expanding wellbeing awareness and the variance in costs of natural substances are the elements driving and resulting in opportunities for the Vegan Confectionery market.
Ans: Global Vegan Confectionery Market Size is expected to reach USD 2.45 billion by 2028, and grow at a CAGR of 12 % over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. Pest analysis
8. Global Vegan Confectionery market segmentation, by Product
8.1 Chocolate
8.2 Sugar
8.3 Flour
9. Global Vegan Confectionery market segmentation, by Distribution Channel
9.1 Online
9.2 Offline
10. Global Vegan Confectionery market, by region/ country
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company profiles
11.1 Taza Chocolate
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 Swot Analysis
11.1.4 The SNS View
11.2 Alter Eco
11.3 Endangered Species Chocolate, LLC
11.4 EQUAL EXCHANGE COOP
11.5 Chocoladefabriken Lindt & Sprüngli AG
11.6 Mondelēz International
11.7 Dylan's Candy Bar
11.8 Endorfin
11.9 Goodio
11.10 Freedom Confectionery
11.11 Creative Natural Products, Inc.
12. Competitive Landscape
12.1 Competitive Bench Marking
12.2 Market Share Analysis
12.3 Recent Developments
13. Conclusion
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