Press release
Vegan Chocolate Market is estimated to grow at a CAGR of 11.4% from 2022 to 2029 | Marketlook Consulting
The consumption of plant-based products is known as veganism. The vegan lifestyle is opposed to the consumption of all animal products and byproducts, especially dairy items like cow milk. One of the main factors influencing the market's expansion is the rising acceptance of veganism among consumers around the world, particularly among millennials. For instance, the Vegan Society estimates that there were 150 thousand vegans in Great Britain in 2014, and that number rose to 600 thousand in 2019. The market is expanding as a result of an increase in environmental preservation initiatives and a rise in public awareness of animal suffering. Due to the increase in food allergies and incidences of lactose intolerance in both children and adults in recent years, consumers' food preferences have also changed. For instance, according to the Food Tolerance Network, about 70% of people globally are lactose intolerant as of 2019.According to Marketlook Consulting's research report "Global Vegan Chocolate Market Analysis, 2021", the Global Vegan Chocolate market is anticipated to grow at a CAGR of 11.4% during 2022-29. The market would reach USD 1,410.5 Mn by 2029.
Request Sample: https://marketlookconsulting.com/sample-request/669
Based on product, the market is segmented into Bars, Granules, Cookies, and Others. The bars segment grabbed the major market share and dominated the market in 2021. Moreover, it is anticipated that they will continue to hold the top spot throughout the forecast period. The most popular type of chocolate consumed worldwide is in bars. They are well-liked by customers because of their practical size.
Based on the distribution type, the vegan chocolate market is segmented into supermarkets, convenience stores, and online. The online segment would witness the highest CAGR during forthcoming years.
View Report: https://marketlookconsulting.com/reports/vegan-chocolate-market
"Global Vegan Chocolate Market Analysis, 2021" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Vegan Chocolate providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Dominated the Market
North America grabbed the significant market share in 2021 and this region will continue to grow steadily from 2022 to 2029. According to estimates, the region's growing vegan population will propel market expansion. However, during the forecast period, the Asia Pacific region is anticipated to have the fastest rate of growth. With more than half of the world's population, Asia is the most populous continent, which bodes well for its ability to shape global food trends as stated in the Marketlook Consulting research report "Global Vegan Chocolate Market Analysis, 2021".
Buy Now: https://marketlookconsulting.com/payment/report-669
According to Marketlook Consulting', the key players with a considerable market share in the global Vegan Chocolate market are Alter Eco, Davis Chocolate, Endangered Species Chocolate, LLC, Equal Exchange Coop, Mondelez International, Natural Candy Store, No Whey Chocolate, Raaka Chocolate Ltd., Taza Chocolate, Theo Chocolate, Inc.
Market Segmentation:
1. By Product (Bars, Granules, Cookies, Others)
2. By Type (Milk, Dark, White)
3. By Distribution Type (Supermarkets, Convenience stores, Online)
4. By Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
5. By Company (Alter Eco, Davis Chocolate, Endangered Species Chocolate, LLC, Equal Exchange Coop, Mondelez International, Natural Candy Store, No Whey Chocolate, Raaka Chocolate Ltd., Taza Chocolate, Theo Chocolate, Inc.)
Key questions answered in the study:
1. What are the current and future trends of the Vegan Chocolate industry?
2. How the industry has been evolving in terms of product outlook and distribution methods?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Vegan Chocolate industry?
5. What is the customer orientation, purchase behavior, and expectations from the Vegan Chocolate firms across various regions?
Related Reports:
Vegan Eggs Market Report- Global Strategic Analysis, Size, Share, Trend, and Forecast (2022-2029) https://marketlookconsulting.com/reports/vegan-eggs-market
Vegan Snacks Market Report- Global Strategic Analysis, Size, Share, Trend, and Forecast (2022-2029) https://marketlookconsulting.com/reports/vegan-snacks-market
Vegan Dog Food Market Report- Global Strategic Analysis, Size, Share, Trend, and Forecast (2022-2029) https://marketlookconsulting.com/reports/vegan-dog-food-market
Contact Us
Mithun Jangir
Manager - Communication & Marketing
Email: mithunj@marketlookconsulting.com
Phone: +1 347 441 0939
Website: https://www.marketlookconsulting.com/
Follow us on LinkedIn: https://in.linkedin.com/company/marketlook-consulting
About Us
Marketlook Consulting is a world market intelligence and consulting firm that aims to offer business insights and market research reports to large as well as small & medium scale enterprises (SMEs). The company helps its clients to design business strategies and policies and accomplish sustainable growth in their relevant market area.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Vegan Chocolate Market is estimated to grow at a CAGR of 11.4% from 2022 to 2029 | Marketlook Consulting here
News-ID: 2985417 • Views: …
More Releases from Marketlook Consulting
Pet Urgent Care Market Report- Global Strategic Analysis, Size, Share, Trend, an …
The global Pet Urgent Care market was valued at xx.xx billion in 2023 and is projected to reach USD xx.xx billion in 2031, at a Compound Annual Growth (CAGR) of xx% during the forecast period 2024-2031.
The global Pet Urgent Care market has witnessed eminent growth since pandemic as the world has turned up to look for better health facilities and taking more measures for better health, which is turning up…

Global Hearing Aid Market: Industry Outlook, Size & Forecast 2022 To 2029
Rising prevalence of hearing loss owing to the surging geriatric population is one of the prominent factors driving the hearing aid market. According to the World Health Organization's (WHO) April 2021 study, around 2.5 billion people are anticipated to have some degree of hearing loss, and roughly 700 million individuals would require hearing rehabilitation by 2050. Additionally, the rising usage of hearing aids, and rising awareness of technologically advanced equipment…

Global Facility Management Market: Industry Outlook, Size & Forecast 2022 To 202 …
Facilities management can be defined as the tools and services that support the functionality, safety, and sustainability of buildings, grounds, infrastructure, and real estate. There are two basic areas, including hard facilities management (hard FM) and soft facilities management (soft FM).
Governments have initiated in several countries for the development of smart cities thus, these factors will aid in the development of public infrastructure including malls, airports, hospitals thereby fostering the…

Electric Fuse Market Competitive Landscape, Growth Factors, Revenue Analysis To …
The significant rise in the global electric fuse market is due to increase electric consumption, increasing electrification of different industry, increasing global investments in cities & renewable energy resources. With improving economy, industry activity, demand for electric steadily. Government putting in place variety of cutting-edge activity, providing 24x7 power, upgrading current distribution infrastructure. Further technological advancements & investments in the sector of power and energy transformation are more likely to…
More Releases for Chocolate
Bean-to-bar Chocolate Market Players Gaining Attractive Investments: Dandelion C …
The Latest Study Published by HTF MI Research on the "Bean-to-bar Chocolate Market'' evaluates market size, trend and forecast to 2030. The Bean-to-bar Chocolate market study includes significant research data and evidences to be a practical resource document for managers and analysts is, industry experts and other key people to have an easily accessible and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges as well…
Bean-to-bar Chocolate Market Outlook 2031 Findings By Key Players-Taza Chocolate …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to 𝐌𝐑𝐈, the global Bean-to-bar Chocolate Market size in terms of revenue was valued at around USD XX.X billion in 2023 and is expected to reach a value of 𝐔𝐒𝐃 𝐗𝐗.𝐗 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟏, growing at a 𝐂𝐀𝐆𝐑 𝐨𝐟 𝐫𝐨𝐮𝐠𝐡𝐥𝐲 𝐗𝐗.𝐗% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟏. The global Bean-to-bar Chocolate market is projected to grow at a significant growth rate due to several driving factors.
The market for bean-to-bar chocolate is expanding significantly due…
Chocolate Ingredients Market by Type (Milk, Cocoa, Lecithin, Flavors, Others), C …
Data Bridge Market Research analyses that the global chocolate ingredients market to account USD 9.20 billion by 2028 and growing at a CAGR of 4.25% in the forecast period of 2021-2028.
Chocolate Ingredients market research report provides data and information about the scenario of ABC industry which makes it easy to be ahead of the competition in today's speedily altering business environment. Analytical study of this market report aids in formulating…
Sea Salt Chocolate Market Seeking Excellent Growth | GODIVA, Skellings Chocolate …
The latest 125+ page survey report on Global Sea Salt Chocolate Market is released by HTF MI covering various players of the industry selected from global geographies like North America Country (United States, Canada), South America, Asia Country (China, Japan, India, Korea), Europe Country (Germany, UK, France, Italy), Other Country (Middle East, Africa, GCC). A perfect mix of quantitative & qualitative Market information highlighting developments, industry challenges that competitors are…
Milk Chocolate Market ||Ezaki Glico, Kinder Chocolate, Blommer Chocolate, Godiva …
Zion Market Research published a new 110+ pages industry research "Global Milk Chocolate Market Is Expected To Reach Around USD 90.65 Billion By 2025" is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data on the Global Milk Chocolate…
Dark Chocolate Market By Type (70% Cocoa Dark Chocolate, 75% Cocoa Dark Chocolat …
Global Dark Chocolate Market Analysis
According to Verified Market Research, The Global Dark Chocolate Market was valued at USD 44.09 Billion in 2018 and is projected to reach USD 83.34 Billion by 2026, growing at a CAGR of 8.26% from 2019 to 2026.
What is Dark Chocolate?
Dark chocolate is chocolate without milk solids added and has a more prominent chocolate taste than milk chocolate and hence the dark chocolate is more prone…