Vegan Chocolate Market Growing Due to Vegan Food is Perceived to be Healthier than Conventional Food
As the name suggest vegan chocolate does not contain any ingredient derived from animals such as dairy product and dairy related products such as milk solids, milk fat, casein, and whey. Any chocolate whose ingredient comes under these parameters is a vegan chocolate. Vegan chocolate is entirely made from the plant-based ingredients, hence it is low in cholesterol and fat making it healthier than conventional chocolate. Vegan food is trending in the developed market which is driving the vegan chocolate market. However, the vegan food market is considered niche in the industry but the increase in the awareness of animal cruelty by the various animal right group have made vegan food popular which have resulted in an increase in a number of people who are turning vegan thus consolidating the market size and projecting it into the direction of the mainstream market.
Browse Market Research Report @ http://www.transparencymarketresearch.com/vegan-chocolate-market.html
Vegan Chocolate Market Segmentation
Vegan chocolate market is segmented on the basis of application, distribution channel, end-user and regions
On the basis of application, vegan chocolate can be segmented into-
Bakery segment includes vegan cookies, bread, vegan cake etc. made from vegan chocolate, while confectionary segment includes products like vegan chocolate candies or sweets. Beverage segment includes vegan chocolate shakes.
Enter your information below to receive a sample copy of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=21725
On the basis of distribution channel, vegan chocolate market is segmented into
Online retailing is expected to register relatively higher growth in the vegan chocolate market over the forecast period. Increasing trend of online purchasing of products among youth is expected to support the segment growth over the forecast period.
On the basis of end-users, vegan chocolate market is segmented into
Restaurant, Bar, and Hotel
Among all the segment household is expected to show higher value share in the forecast period owing to increase in consumer demand because of the trend of health and wellness in the food and beverage market.
Vegan chocolate Market Dynamics
Vegan food is perceived to be healthier than conventional food by the consumers, also the increase in the awareness towards animal cruelty in the dairy and meat industry and a greener environment are acting as a primary driver for the vegan chocolate market. Furthermore, researches indicate that the animal agriculture is one of the major cause of an increase in the emission of global greenhouse gases. The animal excrements emit gases which include nitrous oxide, methane, hydrogen sulfide, and ammonia. Hydrogen sulfide and ammonia poison the air while methane and nitrous oxide are the main contributors to global warming. Vegan chocolate is also used as an alternative to conventional chocolate by the lactose intolerant consumers. Launches of different vegan chocolate flavors is also driving the market. The restraint for the vegan chocolate market is higher pricing than the conventional chocolate.
Vegan chocolate Market Regional Outlook
Geographically vegan chocolate market is segmented into North America, Latin America, Europe, Asia-Pacific, Middle East and Africa.
Europe is expected to dominate the vegan chocolate market followed by North America in terms of value share in the forecasted period owing to increase in concern on animal ethics, health, and greener environment, also high disposable income, advanced technology, the presence of R&D centers along with manufacturing facilities. Asia-Pacific, Latin America, and Middle East and Africa shows moderate potential for vegan chocolate market and is estimated to show a moderate growth.
Vegan Chocolate Key Players
Some of the regional players for the vegan chocolate market are Plamil Foods Ltd, Tofutti Brands, Kraft Foods Group Inc, Lindt & Sprüngli AG, Newmans Own Inc, Ludwig Weinrich GmbH & Co. KG., The WhiteWave Foods Company, The Hershey Company, Divine Chocolate Limited and other regional players.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
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 Growing Due to Vegan Food is Perceived to be Healthier than Conventional Food here
News-ID: 593395 • Views: 364
More Releases from Transparency Market Research- Food & Beverage
Licorice Extracts Market Anticipated to Expand at a CAGR of 4.0% during 2017 to …
Of late, the global licorice extracts market is witnessing a stable progress, thanks to the growing demand for pharmaceutical products, herbal medicines, and various other health products among people across the world. The increasing uptake of natural ingredients in medical supplements, together with the rising inclination of consumers towards sugar-free products, boosted by the upswing in the consumer consciousness towards health and fitness, is fueling the demand for licorice extracts,
Low Intensity Sweeteners Market: Demand to Rise with Nations Inclining toward He …
In the last few years the world has witnessed drastic change in lifestyle and eating pattern across most developed and developing nations. While this paradigm shift is steered by adverse effects of unhealthy living, it is here to stay as people look for an overall better standard of living. As cutting down sweet seems easier way of committing toward a healthy living, the prevailing environment is highly conducive to the
Juice Concentrate Market: Trend of Adopting Healthy Lifestyle for Upkeep of Good …
Global analysis of the juice concentrate market along with the various segments and sub-segments have been considered under the scope of this report providing data for the forecast period of 2017-2025. Different types of juice concentrates are prepared using the method of concentration through reduction in the water content. These are a more condensed and concentrated form of juices that can be both fruit and vegetable. These juice concentrates achieved
Fresh Cherries Market: Increasing Preference for Fresh Fruits Reflect Positively …
The global fresh cherries market is extremely competitive and this is fuelled by the continued entry of new players, states Transparency Market Research (TMR). Leading players operating in the fresh cherries market include: Rainier Fruit, Alacam Tarim, Vitin Fruits, Leelanau Fruit, Dell's Marachino Cherries, The Global Green Company, Smelterz Orchard, Bel'Export, and Hood River Cherry. Players within the market are improving the sales of fresh cherry Request to view Sample Report:
More Releases for Vegan
Vegan Yogurt Market Growth Analysis by 2028
Vegan Yogurt Market – Notable Developments General Mills continued to be bullish about Kite Hill, a vegan company that specializes in manufacturing plant-based yogurt and cheese. Kite Hill secured additional funding of US $40 million from 301 Inc. a General Mill’s venture capital firm. Kite Hill aims to use this funding for expanding its factory capacity. Danone, the leading French yogurt maker, acquired WhiteWave Foods in 2017. With a US $10 billion
Vegan Ice Cream Market analysis report- with Leading players and Major Types: Ta …
Vegan Ice Cream Market Worldwide Market Reports has announced the addition of the “Global Vegan Ice Cream Market Insights, Forecast to 2025”, The report classifies the global Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. Food industry Vegan Ice Cream market report focuses on areas of particular interest, such as elements of the food industry, customer loyalty programs, and taste
Vegan Cheese Market
https://www.qandqmarketresearch.com/reports/7320715/vegan-cheese-market-69 Vegan cheese is a nondairy cheese mainly produced for vegans as well as for other people who avoid animal products, with those people who are lactoseintolerant. The global Vegan Cheese market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 20192025. The objectives of this study are to define, segment, and project the size
Olychka Launches Vegan-Friendly Beauty Products
Olychka is a certified and cruelty-free brand that offers the best Vegan-Friendly Beauty Products, and never tested on animals, for those looking at green alternatives that are natural. Those who are looking to revamp their beauty routine and go completely cruelty-free will easily find a range of beauty products with Olychka. Vegan beauty products have fewer ingredients and “The less you put on your skin and hair, the
Buy Organic Vegan Meal Packs from The Organic Vegan
The Organic Vegan is concerned about carbon emissions and thus takes a progressive initiative by offering fresh organic vegan meal packs. Based in Cape Town, the company ensures that their products are 100 percent organic, vegan and GMO free. A gourmet chef has created the recipes of the meals supplied by the company. The process of buying vegan food online from the online store is simple. You will simply have to
Dairy Alternative Market Driven by Shifting Focus of Consumers towards Vegan Die …
Global Dairy Alternative Market: Overview Dairy alternative beverages are referred to the plant based milk, which is processed from cereals, seeds, or nuts. Because of the low cholesterol concentration and fat content in dairy alternative beverages, their demand is increasing at a rapid pace around the world. The global dairy alternative market is also gaining from the rising health awareness among consumers. Browse Market Research Report @ http://www.transparencymarketresearch.com/dairy-alternative-market.html The report provides