Global Vegan Chocolate Market Size, Trends And Growth Opportunity, By Product Type (Dark, White
And Others), By Flavor (Caramel, Brown Butter, Coconut Milk, Lavender And Other Flavour.) By
Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Specialty Retail Stores, Online
Retail Stores And Others) By Region And Forecast Till 2027
Global Vegan Chocolate Market
The Global Vegan Chocolate Market was valued at US$ 532.7 million in 2021 and it is expected to
reach at US$ 1443.7 million in 2027 at a CAGR of 10.32% during forecast period 2022-2027.
Vegan chocolate is considered a healthier alternative to traditional chocolate and made without
ingredient that comes from animals. Companies in the global vegan chocolate market are innovating
flavours in vegan chocolates. The rise of vegan chocolate increasing due to its nutritional value and
trend of living healthy lifestyle among consumer. They are available in different flavour such as
Caramel, Brown Butter, Lavender and others.
Market Drivers
Increasing awareness about healthy diet among consumer rises the growth for vegan chocolate as
they are dairy free and contain low-fat content, as traditional chocolates are made of dairy based
products such milk and animal fats and hence considered as a healthier alternative. Various
international and local companies are developing vegan chocolate according to the requirement in
the market which propelling the growth of this market.
Market Restraints
Vegan chocolates are costlier than traditional chocolates , companies need to work on branding of
vegan chocolates as consumer are still not aware bout the health benefit of consuming vegan
chocolates that act as a restraining factor in this market.
COVID-19 Impact on Vegan Chocolate Market
With the outbreak of covid-19 the market impacted adversely due to lockdown imposed by
government supply of cocoa get disrupted across the globe which resulted in less production and
sales. Moreover, the growing awareness about the health benefit and animal cruelty and the rise in
environmental protection campaign influencing the growth of this market.
Market Segmentation
The global vegan chocolate market segmented on the basis of product type, flavour type and
distribution channel. On the basis of product type it segmented into dark, white and others. On the
basis of flavour type it segmented into caramel, brown butter, coconut milk, lavender and other
flavour. On the basis of distribution channel it segmented into hypermarket/supermarket,
convenience stores, specialty retail stores, online retail stores and others.
Regional Analysis
The global vegan chocolate market segmented into five regions North America, Europe, Latin
America, Asia Pacific, Middle East and Africa. Europe is expected to remain at the forefront and hold
the highest position in terms of market share as awareness about the health benefit and animal
cruelty and the rise in environmental fuelling the growth of this region. North America is also
witnessed a significant growth in vegan chocolate market.
Key Players
Various key players are listed in this report such as Barry Callebaut, Chocoladefacriken Lindt &
Sprungli AG, Nestle, Endangered Species Chocolate, Alter Eco, Taza Chocolate, Theo, TCHO, Equal
Exchange Coop and Goodio.
Market Taxonomy
By Product type
Dark
White
Others
By Flavour
Caramel
Brown butter
Coconut milk
Lavender
Others
By Distribution Channel
Hypermarket/Supermarket
Convenience stores
Specialty retail stores
Online retail stores
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Key Question Addressed by the Report
What are the Key Opportunities in Global Vegan Chocolate Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
What is the competitive Landscape in the industry?
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Vegan Chocolate Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Vegan Chocolate Market, By Product Type
- 5.1 Y-o-Y Growth Comparison, By Product Type
- 5.2 Global Vegan Chocolate Market Share Analysis, By Product Type
- 5.3 Global Vegan Chocolate Market Size and Forecast, By Product Type
- 5.3.1 Dark
- 5.3.2. White
- 5.3.3. Others
- 6 Global Vegan Chocolate Market, By Flavor
- 6.1 Y-o-Y Growth Comparison, By Flavor
- 6.2 Global Vegan Chocolate Market Share Analysis, By Flavor
- 6.3 Global Vegan Chocolate Market Size and Forecast, By Flavor
- 6.3.1 Caramel
- 6.3.2 Brown Butter
- 6.3.3 Coconut Milk
- 6.3.4 Lavender
- 6.3.5 Others
- 7 Global Vegan Chocolate Market, By Distribution Channel
- 7.1 Y-o-Y Growth Comparison, By Distribution
- 7.2 Global Vegan Chocolate Market Share Analysis, By Distribution
- 7.3 Global Vegan Chocolate Valve Market Size and Forecast, By Distribution
- 7.3.1 Hypermarket/Supermarket
- 7.3.2 Convenience Stores
- 7.3.3 Specialty Retail Stores
- 7.3.4 Online Retail Stores
- 7.3.5 Others
- 8 Global Vegan Chocolate Market, By Region
- 8.1 Global Vegan Chocolate Market Share Analysis, By Region
- 8.2 Global Vegan Chocolate Market Share Analysis, By Region
- 9 North America Vegan Chocolate Market Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 North America Vegan Chocolate Market Share Analysis, By Product Type
- 9.3 North America Vegan Chocolate Market Size and Forecast, By Flavor
- 9.4 North America Vegan Chocolate Market Size and Forecast, By Distribution
- 9.5 North America Vegan Chocolate Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.6.1 Canada
- 9.6.3 Mexico
- 10 Europe Vegan Chocolate Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Europe Vegan Chocolate Market Share Analysis, By Product Type
- 10.3 Europe Vegan Chocolate Market Size and Forecast, By Flavor
- 10.4 Europe Vegan Chocolate Market Size and Forecast, By Distribution
- 10.5 Europe Vegan Chocolate Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11 Asia Pacific Vegan Chocolate Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Asia Pacific Vegan Chocolate Market Share Analysis, By Product Type
- 11.3 Asia Pacific Vegan Chocolate Market Size and Forecast, By Flavor
- 11.4 Asia Pacific Vegan Chocolate Market Size and Forecast, By Distribution
- 11.5 Asia Pacific Vegan Chocolate Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4. Rest of Asia Pacific
- 12 Latin America Vegan Chocolate Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Latin America Vegan Chocolate Market Share Analysis, By Product Type
- 12.3 Latin America Vegan Chocolate Market Size and Forecast, By Flavor
- 12.4 Latin America Vegan Chocolate Market Size and Forecast, By Distribution
- 12.5 Latin America Vegan Chocolate Market Size and Forecast, Country
- 12.5.1 Brazil
- 12.5.2. Rest of Latin America
- 13 Middle East Vegan Chocolate Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Middle East Vegan Chocolate Market Share Analysis, By Product Type
- 13.3 Middle East Vegan Chocolate Market Size and Forecast, By Flavor
- 13.4 Middle East Vegan Chocolate Market Size and Forecast, By Distribution
- 13.6 Middle East Vegan Chocolate Market Size and Forecast, By Country
- 13.6.1. Saudi Arabia
- 13.6.2. UAE
- 13.6.3. Egypt
- 13.6.4. Kuwait
- 13.6.5. South Africa
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 Barry Callebaut
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Chocoladefacriken Lindt & Sprungli AG
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Nestle
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Endangered Species Chocolate
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
- 15.5 Alter Eco
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Taza Chocolate
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Theo
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 TCHO
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Equal Exchange Coop
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Goodio
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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