The Asia Pacific Vegan Chocolate Confectionery Market would witness market growth of 13.7% CAGR during the forecast period (2021-2027).
Social media is playing an important role in publicizing products. At present, other industries are using this platform very well, whereas vegan chocolate manufacturers have the possibility to use social media platforms to make their products more popular.
The vegan chocolate industry will gain an excessive profit in sales and get a reputed image if they will set up a reliable presence in the online market. There are certain steps to be followed to start the process on the social media platform such as clicking clear photos of the product, writing appropriate blogs, calls-to-action, properly following Social Media Calendar, and taking reviews regularly. These aspects are helping the overall vegan chocolate confectionery market to expand further.
In the last few years, the chocolate confectionery category witnessed a rise in better-for-you alternatives as it contains low amount of sugar and allergy-friendly. With the constant increment in the number of vegan and flexitarian population, the vegan chocolate confectionery has become a popular category in recent years. The expectations of the consumers are consistently changing which are going beyond the dairy allergy or lactose intolerance; young consumers are looking for vegan chocolates that are tasty still ethical which do not harm the planet or the animals.
For the consumers, chocolate act as a treat and one of the key purchasing drivers is the taste. Consumers in this region are considering substituting animal products in their diets, but they do not want to compromise with taste, particularly not with chocolate. Based on these demands, manufacturing is launching new products with better taste and creaminess that happen to be vegan. Furthermore, these products offer an improved and new taste experience.
The Milk Chocolate market dominated the Malaysia Vegan Chocolate Confectionery Market by Type in 2020, thereby, achieving a market value of $5,121.2 Thousands by 2027. The Dark Chocolate market is showcasing a CAGR of 15.2% during (2021-2027). Additionally, The White Chocolate market is expected to witness highest CAGR of 16.3% during (2021-2027).
Based on Type, the market is segmented into Milk Chocolate, Dark Chocolate and White Chocolate. Based on Product, the market is segmented into Molded Bars, Chips & Bites, Boxed and Truffles & Cups. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Vegan Chocolate Confectionery Market is Projected to reach USD 1 Billion by 2027, at a CAGR of 12.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mondelez International, Inc., Equal Exchange Coop, Endorfin Foods, Raaka Chocolate Ltd., Goodio, No Whey Chocolate, Theo Chocolate, Inc., Endangered Species Chocolate, LLC, Alter Eco, Inc., and Taza Chocolate
Scope of the Study
Market Segments Covered in the Report:
By Type
- Milk Chocolate
- Dark Chocolate
- White Chocolate
By Product
- Molded Bars
- Chips & Bites
- Boxed
- Truffles & Cups
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Mondelez International, Inc
- Equal Exchange Coop
- Endorfin Foods
- Raaka Chocolate Ltd.
- Goodio
- No Whey Chocolate
- Theo Chocolate, Inc.
- Endangered Species Chocolate, LLC
- Alter Eco, Inc.
- Taza Chocolate
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Vegan Chocolate Confectionery Market, by Type
1.4.2 Asia Pacific Vegan Chocolate Confectionery Market, by Product
1.4.3 Asia Pacific Vegan Chocolate Confectionery Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Vegan Chocolate Confectionery Market by Type
3.1 Asia Pacific Milk Chocolate Market by Country
3.2 Asia Pacific Dark Chocolate Market by Country
3.3 Asia Pacific White Chocolate Market by Country
Chapter 4. Asia Pacific Vegan Chocolate Confectionery Market by Product
4.1 Asia Pacific Molded Bars Market by Country
4.2 Asia Pacific Chips & Bites Market by Country
4.3 Asia Pacific Boxed Market by Country
4.4 Asia Pacific Truffles & Cups Market by Country
Chapter 5. Asia Pacific Vegan Chocolate Confectionery Market by Country
5.1 China Vegan Chocolate Confectionery Market
5.1.1 China Vegan Chocolate Confectionery Market by Type
5.1.2 China Vegan Chocolate Confectionery Market by Product
5.2 Japan Vegan Chocolate Confectionery Market
5.2.1 Japan Vegan Chocolate Confectionery Market by Type
5.2.2 Japan Vegan Chocolate Confectionery Market by Product
5.3 India Vegan Chocolate Confectionery Market
5.3.1 India Vegan Chocolate Confectionery Market by Type
5.3.2 India Vegan Chocolate Confectionery Market by Product
5.4 South Korea Vegan Chocolate Confectionery Market
5.4.1 South Korea Vegan Chocolate Confectionery Market by Type
5.4.2 South Korea Vegan Chocolate Confectionery Market by Product
5.5 Singapore Vegan Chocolate Confectionery Market
5.5.1 Singapore Vegan Chocolate Confectionery Market by Type
5.5.2 Singapore Vegan Chocolate Confectionery Market by Product
5.6 Malaysia Vegan Chocolate Confectionery Market
5.6.1 Malaysia Vegan Chocolate Confectionery Market by Type
5.6.2 Malaysia Vegan Chocolate Confectionery Market by Product
5.7 Rest of Asia Pacific Vegan Chocolate Confectionery Market
5.7.1 Rest of Asia Pacific Vegan Chocolate Confectionery Market by Type
5.7.2 Rest of Asia Pacific Vegan Chocolate Confectionery Market by Product
Chapter 6. Company Profiles
6.1 Mondelez International, Inc.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Regional Analysis
6.1.4 Research & Development Expenses
6.1.5 Recent strategies and developments:
6.1.5.1 Partnerships, Collaborations, and Agreements:
6.1.5.2 Acquisition and Mergers:
6.2 Equal Exchange Coop
6.2.1 Company Overview
1.1.1 Financial Analysis
6.2.2 Segmental Analysis
6.3 Endorfin Foods
6.3.1 Company Overview
6.4 Raaka Chocolate Ltd.
6.4.1 Company Overview
6.4.2 Recent Strategies and Developments:
6.4.2.1 Product Launches and Product Expansions:
6.5 Goodio
6.5.1 Company Overview
6.5.2 Recent Strategies and Developments:
6.5.2.1 Partnerships, Collaborations, and Agreements:
6.5.2.2 Product Launches and Product Expansions:
6.6 No Whey Chocolate
6.6.1 Company Overview
6.7 Theo Chocolate, Inc.
6.7.1 Company Overview
6.7.2 Recent Strategies and Developments:
6.7.2.1 Product Launches and Product Expansions:
6.8 Endangered Species Chocolate, LLC
6.8.1 Company Overview
6.8.2 Recent Strategies and Developments:
6.8.2.1 Product Launches and Product Expansions:
6.9 Alter Eco, Inc.
6.9.1 Company Overview
6.9.2 Recent Strategies and Developments:
6.9.2.1 Product Launches and Product Expansions:
6.10. Taza Chocolate
6.10.1 Company Overview
TABLE 1 Asia Pacific Vegan Chocolate Confectionery Market, 2017 - 2020, USD Thousands
TABLE 2 Asia Pacific Vegan Chocolate Confectionery Market, 2021-2027, USD Thousands
TABLE 3 Asia Pacific Vegan Chocolate Confectionery Market by Type, 2017 - 2020, USD Thousands
TABLE 4 Asia Pacific Vegan Chocolate Confectionery Market by Type, 2021-2027, USD Thousands
TABLE 5 Asia Pacific Milk Chocolate Market by Country, 2017 - 2020, USD Thousands
TABLE 6 Asia Pacific Milk Chocolate Market by Country, 2021-2027, USD Thousands
TABLE 7 Asia Pacific Dark Chocolate Market by Country, 2017 - 2020, USD Thousands
TABLE 8 Asia Pacific Dark Chocolate Market by Country, 2021-2027, USD Thousands
TABLE 9 Asia Pacific White Chocolate Market by Country, 2017 - 2020, USD Thousands
TABLE 10 Asia Pacific White Chocolate Market by Country, 2021-2027, USD Thousands
TABLE 11 Asia Pacific Vegan Chocolate Confectionery Market by Product, 2017 - 2020, USD Thousands
TABLE 12 Asia Pacific Vegan Chocolate Confectionery Market by Product, 2021-2027, USD Thousands
TABLE 13 Asia Pacific Molded Bars Market by Country, 2017 - 2020, USD Thousands
TABLE 14 Asia Pacific Molded Bars Market by Country, 2021-2027, USD Thousands
TABLE 15 Asia Pacific Chips & Bites Market by Country, 2017 - 2020, USD Thousands
TABLE 16 Asia Pacific Chips & Bites Market by Country, 2021-2027, USD Thousands
TABLE 17 Asia Pacific Boxed Market by Country, 2017 - 2020, USD Thousands
TABLE 18 Asia Pacific Boxed Market by Country, 2021-2027, USD Thousands
TABLE 19 Asia Pacific Truffles & Cups Market by Country, 2017 - 2020, USD Thousands
TABLE 20 Asia Pacific Truffles & Cups Market by Country, 2021-2027, USD Thousands
TABLE 21 Asia Pacific Vegan Chocolate Confectionery Market by Country, 2017 - 2020, USD Thousands
TABLE 22 Asia Pacific Vegan Chocolate Confectionery Market by Country, 2021-2027, USD Thousands
TABLE 23 China Vegan Chocolate Confectionery Market, 2017 - 2020, USD Thousands
TABLE 24 China Vegan Chocolate Confectionery Market, 2021-2027, USD Thousands
TABLE 25 China Vegan Chocolate Confectionery Market by Type, 2017 - 2020, USD Thousands
TABLE 26 China Vegan Chocolate Confectionery Market by Type, 2021-2027, USD Thousands
TABLE 27 China Vegan Chocolate Confectionery Market by Product, 2017 - 2020, USD Thousands
TABLE 28 China Vegan Chocolate Confectionery Market by Product, 2021-2027, USD Thousands
TABLE 29 Japan Vegan Chocolate Confectionery Market, 2017 - 2020, USD Thousands
TABLE 30 Japan Vegan Chocolate Confectionery Market, 2021-2027, USD Thousands
TABLE 31 Japan Vegan Chocolate Confectionery Market by Type, 2017 - 2020, USD Thousands
TABLE 32 Japan Vegan Chocolate Confectionery Market by Type, 2021-2027, USD Thousands
TABLE 33 Japan Vegan Chocolate Confectionery Market by Product, 2017 - 2020, USD Thousands
TABLE 34 Japan Vegan Chocolate Confectionery Market by Product, 2021-2027, USD Thousands
TABLE 35 India Vegan Chocolate Confectionery Market, 2017 - 2020, USD Thousands
TABLE 36 India Vegan Chocolate Confectionery Market, 2021-2027, USD Thousands
TABLE 37 India Vegan Chocolate Confectionery Market by Type, 2017 - 2020, USD Thousands
TABLE 38 India Vegan Chocolate Confectionery Market by Type, 2021-2027, USD Thousands
TABLE 39 India Vegan Chocolate Confectionery Market by Product, 2017 - 2020, USD Thousands
TABLE 40 India Vegan Chocolate Confectionery Market by Product, 2021-2027, USD Thousands
TABLE 41 South Korea Vegan Chocolate Confectionery Market, 2017 - 2020, USD Thousands
TABLE 42 South Korea Vegan Chocolate Confectionery Market, 2021-2027, USD Thousands
TABLE 43 South Korea Vegan Chocolate Confectionery Market by Type, 2017 - 2020, USD Thousands
TABLE 44 South Korea Vegan Chocolate Confectionery Market by Type, 2021-2027, USD Thousands
TABLE 45 South Korea Vegan Chocolate Confectionery Market by Product, 2017 - 2020, USD Thousands
TABLE 46 South Korea Vegan Chocolate Confectionery Market by Product, 2021-2027, USD Thousands
TABLE 47 Singapore Vegan Chocolate Confectionery Market, 2017 - 2020, USD Thousands
TABLE 48 Singapore Vegan Chocolate Confectionery Market, 2021-2027, USD Thousands
TABLE 49 Singapore Vegan Chocolate Confectionery Market by Type, 2017 - 2020, USD Thousands
TABLE 50 Singapore Vegan Chocolate Confectionery Market by Type, 2021-2027, USD Thousands
TABLE 51 Singapore Vegan Chocolate Confectionery Market by Product, 2017 - 2020, USD Thousands
TABLE 52 Singapore Vegan Chocolate Confectionery Market by Product, 2021-2027, USD Thousands
TABLE 53 Malaysia Vegan Chocolate Confectionery Market, 2017 - 2020, USD Thousands
TABLE 54 Malaysia Vegan Chocolate Confectionery Market, 2021-2027, USD Thousands
TABLE 55 Malaysia Vegan Chocolate Confectionery Market by Type, 2017 - 2020, USD Thousands
TABLE 56 Malaysia Vegan Chocolate Confectionery Market by Type, 2021-2027, USD Thousands
TABLE 57 Malaysia Vegan Chocolate Confectionery Market by Product, 2017 - 2020, USD Thousands
TABLE 58 Malaysia Vegan Chocolate Confectionery Market by Product, 2021-2027, USD Thousands
TABLE 59 Rest of Asia Pacific Vegan Chocolate Confectionery Market, 2017 - 2020, USD Thousands
TABLE 60 Rest of Asia Pacific Vegan Chocolate Confectionery Market, 2021-2027, USD Thousands
TABLE 61 Rest of Asia Pacific Vegan Chocolate Confectionery Market by Type, 2017 - 2020, USD Thousands
TABLE 62 Rest of Asia Pacific Vegan Chocolate Confectionery Market by Type, 2021-2027, USD Thousands
TABLE 63 Rest of Asia Pacific Vegan Chocolate Confectionery Market by Product, 2017 - 2020, USD Thousands
TABLE 64 Rest of Asia Pacific Vegan Chocolate Confectionery Market by Product, 2021-2027, USD Thousands
TABLE 65 Key Information –Mondelez International, Inc.
TABLE 66 Key Information – Equal Exchange Coop
TABLE 67 Key Information –Endorfin Foods
TABLE 68 Key Information – Raaka Chocolate Ltd.
TABLE 69 Key Information – Goodio
TABLE 70 Key Information – No Whey Chocolate
TABLE 71 Key Information – Theo Chocolate, Inc.
TABLE 72 Key Information –Endangered Species Chocolate, LLC
TABLE 73 Key Information –Alter Eco, Inc.
TABLE 74 Key Information – Taza Chocolate
List of Figures
FIG 1 Methodology for the research
FIG 2 FIG 1 Recent strategies and developments: Mondelez International, Inc.
FIG 3 FIG 2 Recent strategies and developments: Goodio