The Vegan Chocolate Market is Predict to reach $1.8 Billion by 2030, at a CAGR of 12.4%

Vegan Chocolate Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Vegan Chocolate Market size is expected to reach $1.8 billion by 2030, rising at a market growth of 12.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 12,419.0 tonnes, experiencing a growth of 6.1% (2019-2022).

The Supermarkets/Hypermarkets Segment is leading the Global Vegan Chocolate Market, by Distribution Channel in 2022; thereby, achieving a market value of $786.7 Million by 2030. The segment is dominated by the strong preference of consumers to purchase products from such supermarkets due to the abundance of pricing options and brands. In addition, consumers find these stores convenient because they offer various options under one roof.

The Milk segment is exhibiting a CAGR of 12.7% during (2023 - 2030). Plant-based milk alternatives create vegan chocolates that closely mimic traditional dairy chocolate's creamy texture and taste. This makes the transition to vegan chocolate more seamless for consumers accustomed to the flavor and mouthfeel of milk chocolate. Plant-based milk is often perceived as a healthier alternative to dairy milk due to its lower saturated fat content and potential health benefits. Vegan chocolates made with this milk appeal to health-conscious consumers.

The Europe region dominated the Global Vegan Chocolate Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $633.4 Million by 2030. The North America region is anticipated to grow at a CAGR of 12% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 13.2% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/vegan-chocolate-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of The Hershey Company (Hershey Trust Company), Nestle S.A, Mars, Inc., Alter Eco (Nextworld Evergreen), Mondelez International, Inc., The Barry Callebaut Group, Plamil Foods Ltd, Lindt & Sprungli AG, Ludwig Weinrich GmbH & Co. KG, and Purdys Chocolatier

Global Vegan Chocolate Market Segmentation

By Distribution Channel (Volume, Tonnes, USD Million, 2019-2030)

• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Stores
• Others

By Type (Volume, Tonnes, USD Million, 2019-2030)

• Dark
• Milk
• Others

By Geography (Volume, Tonnes, USD Million, 2019-2030)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• The Hershey Company (Hershey Trust Company)
• Nestle S.A
• Mars, Inc.
• Alter Eco (Nextworld Evergreen)
• Mondelez International, Inc.
• The Barry Callebaut Group
• Plamil Foods Ltd
• Lindt & Sprungli AG
• Ludwig Weinrich GmbH & Co. KG
• Purdys Chocolatier

Related Reports:

North America Vegan Chocolate Market Size, Share by 2030

• September-2023
• 119 Pages

LAMEA Vegan Chocolate Market Size, Share & Forecast, 2030

• September-2023
• 132 Pages

Europe Vegan Chocolate Market Size & Global Report to 2030

• September-2023
• 132 Pages

Asia Pacific Vegan Chocolate Market Size & Analysis, 2030

• September-2023
• 132 Pages