According to the latest report by IMARC Group, titled, “ Vegan Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ” The study provides a detailed analysis of the industry, including the global  vegan chocolate market trends, share, size and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the vegan chocolate market?

Report Attributes Details
Market Size in 2022 US$ 1.06 Billion
Market Forecast in 2028 US$ 2.02 Billion
Growth rate (2023 to 2028) CAGR of 11.30%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What is vegan chocolate?

Vegan chocolate is a kind of chocolate that lacks animal-derived ingredients and is prepared by utilizing plant-based components, such as cocoa butter, cocoa solids, natural sweeteners, etc. It excludes dairy items which include milk, eggs, honey, etc., giving it a slightly distinct flavor as compared to its traditional counterparts. Vegan chocolate products are enjoyed by individuals who adhere to a vegan lifestyle or have lactose intolerance. They serve as an excellent choice for environmentally conscious customers, on account of their reduced carbon footprint when compared to regular chocolates. Vegan chocolate items are widely available in various variations, including dark, milk, white, etc., which are crafted with higher cocoa solid percentages, less sugar, plant-based milk, and other plant-derived ingredients. Consequently,

Get a PDF Sample for more detailed market insights:

What are the growth prospects and trends in the vegan chocolate industry?

The vegan chocolate market is primarily driven by the growing prevalence of lactose intolerance and food allergies from dairy based products among individuals. Apart from this, the emerging trend of veganism is also bolstering the market growth. Additionally, the escalating environmental consciousness among consumers is propelling the adoption of vegan chocolates, as they are made by using sustainably sourced ingredients and have a smaller carbon footprint as compared to traditional chocolates, which is acting as another significant growth-inducing factor. Besides this, the launch of numerous environmental conservation campaigns by government bodies is further catalyzing the global market. Moreover,

What is included in market segmentation?

The report has segmented the market into the following categories:

Chocolate Type Insights:

  • Milk Chocolate and White Chocolate
  • Dark Chocolate
  • Others

Nature Insights:

  • Organic
  • Conventional

Sales Channel Insights:

  • B2B
  • B2C
    • Supermarkets and Hypermarkets
    • Convenience Stores
    • Online Stores
    • Others

Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Alter Eco
  • Barry Callebaut AG
  • Chocoladefacriken Lindt & Sprungli AG
  • Chocolove
  • Endangered Species Chocolate, LLC
  • Goodbye
  • Hu Kitchen (Mondelez International)
  • Montezuma's Chocolate Limited
  • No Whey Chocolates, LLC
  • Plamil Foods Ltd.
  • Sjaak's
  • Theo Chocolate, Inc., etc.

Ask Analyst for 10% Free Customized Report:

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact us:

USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal
Linkedin: https://www.