Vegan Chocolate Market Size, Share, Revenue, Growth Analysis and Forecast by 2030 The global vegan chocolate market size was valued at USD 1,145.61 million in 2022. The market is projected to grow from USD 1,252.80 million in 2023 to USD 2,831.93 million by 2030, exhibiting a CAGR of 12.36% during the forecast period. Increased attentiveness toward environmental impact of the rising influence of consumers and animal agriculture has gained immense demand and popularity in recent years. The increase in the number of people with dietary restrictions such as dairy allergies or lactose intolerance has resulted in the vegan chocolate market growth globally. Fortune Business Insights™ mentioned this in a report titled “Vegan Chocolate Market, 2023-2030.” List of Key Market Players Profiled in the Report: Plamil Foods Ltd (U.K.) Schmilk Chocolate (U.S.) Chocoladefabriken Lindt & Sprüngli AG (Switzerland) Mondelēz International, Inc. (U.S.) Ludwig Weinrich GmbH & Co. KG (Germany) The Hershey Company (U.S.) Nestle S.A. (Switzerland) Mars, Incorporated (U.S.) Barry Callebaut (Switzerland) Purdys Chocolatier (Canada) Segments: Dark Segment Dominated the Market Due to Higher Cocoa Content and Health Benefits On the basis of type, the market is segmented into dark, milk, and others. The dark segment is estimated to hold a considerable share of the global market due to presence of rich antioxidants and various other health benefits. Supermarkets/Hypermarkets Segment to Propel Market Owing to Convenience and Huge Amount of Availability of Product Based on distribution channel, the market is segmented into convenience stores, supermarkets/hypermarkets, online stores, specialty stores, and others. The supermarkets/hypermarkets segment is anticipated to hold the largest market share. The segment's dominance is due to the consumers’ strong preference to buy products from such supermarkets due to a wide variety of brands and pricing options. Geographically, the market is divided across regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Report Coverage: The report offers a detailed study of the market and a keen examination of the significant segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur market growth for monetary gains. It also shares tangible insights which guide business owners with their investment perspective. Drivers & Restraints: Increased Popularity of Vegan Chocolates at Various Stores to Boost Market Growth In recent years, the demand and availability of vegan chocolates have increased significantly. The growing accessibility of vegan chocolates has made it their way to specialty shops, online stores, and grocery stores, attracting a larger population. The new vegan dark chocolate contains nutrients such as amino acids, vitamins, minerals, and botanicals that help reduce stress, insomnia, and other activities. Vegan chocolates have superior quality ingredients such as coconut milk, or so milk, and plant-based almond milk. The ingredients used are more expensive, contributing to a higher cost of production. This leads to the hindrance of the market growth. Regional Insights: Europe Led the Market Growth Owing to the Growing Demand for Dairy-Free Products Europe dominated the global vegan chocolate market share in 2022. As consumers nowadays are more inclined toward traditional dairy-based chocolate, the increase in demand has been witnessed owing to the growing demand for dairy-free products. North America is anticipated to record significant growth during the forecast period. Increasing health awareness among consumers has increased the demand for plant-based chocolate. Competitive Landscape: Growth Strategies by Prominent Companies to Gain Market Position Vegan chocolate manufacturers are adopting strategies such as partnerships, investment, joint ventures, base expansion, collaborations, and acquisitions to strengthen their market growth. The plant-based confectionery market comprises various small & medium-scale and well-established players. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/vegan-chocolate-market-106130

Chocolate Market Set to Witness Explosive Growth by 2029 The Industrial Revolution allowed chocolate to be mass-produced and brought the treat to the masses. The popularity led to the development of cacao tree plantations. Enslaved people farmed most of the plantations. Get A Report Copy of this Market: https://wemarketresearch.com/reports/chocolate-market/728/

The Asia Pacific cocoa and chocolate market size is expected to gain momentum by reaching USD 8,892.57 million by 2027. This is attributable to the growing purchase capacity of the consumers that propel the demand for exotic cocoa and chocolate products. https://www.fortunebusinessinsights.com/asia-pacific-cocoa-and-chocolate-market-104205

Global Chocolate Market (Milk, Dark, White) Focusing on Trends and Innovations during the Forecasted Period The Industry insights of the “Global Chocolate Market” Research Outlook 2027” help with the successful launch of a new product. This market report efficiently collects, analyses, and evaluates information about a product or service to be offered for sale in that market. This market research report makes it easy to attain customer demographics which form the core of any business. This report studies Potential clients for the product or service and their characteristics, spending habits, location, and needs of its target market. The report titled "Global Chocolate Market Overview, 2021-2026" by Actual Market Research provides a complete performance analysis regarding the segments present in the global chocolate market along with its historical and forecasted analysis. Chocolates come in all shapes, sizes and packaging to best fit the occasion. Chocolates are a multi-billion-dollar worth in the industry and are continuing to grow at a steady rate with new products. In recent years, dark chocolate is in high demand as the taste and preferences of consumers keep evolving.The impulsive behaviour of buying among millennials and youngsters as a result of increased awareness from social websites and satellite television channels by confectionery companies, such as Nestle SA and Mars Incorporated, is projected to have a positive impact on the industry growth. Countries like Ghana, Nigeria, Brazil, Indonesia, etc. accounts for the world's largest cacao supply of chocolates. Opportunities that are expected to change the dynamics of this industry are lower penetration in developing economies, organic and healthier chocolate, and the use of chocolate in the functional food menu Incorporated Get Access to Report Sample@ https://www.actualmarketresearch.com/samplereport/211029847/global-chocolate-market-overview Covid-19: pandemic, the online sales channel has witnessed significant growth in the last few years due to increase of online shopping platforms and also because of high growth digital media in various countries. Moreover, online retailers including Amazon and Walmart are adding this product category as their main focus areas. Also, with the growing dependence of generation X, generation Z and millennials, on internet is a major factor expected to drive the sales of chocolate on the online channel in the coming future. A variety of features including several value-added services, such as discounted prices, cash-on-delivery, and paybacks, offered by growth of online channel in the coming years. Major companies in the chocolate market : Ferrero SPA, Cacau show, La Maison du Chocolate, Ezaki Glico Co, Meiji Holdings Co. Ltd ,Lindt and Sprüngli AG, Mars Incorporated, Mondelez International, Morinaga & Co. Ltd. Considered in this report • Geography: Middle East & Africa • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Global chocolate market with its value and forecast along with its segments • Region-wise chocolate market analysis Strategic recommendation Regions covered in the report • North America • Europe • Asia Pacific • Latin America • Middle East & Africa Types of chocolates in the report • Milk chocolate • Dark chocolate • White chocolate Owning our reports will help you solve the following issues: 1. What is the market size and forecast of Global Chocolate Market Outlook Report, 2027? Our research and insights help our clients to foresee upcoming market size and forecast. 2. What are the inhibiting factors and impact of COVID-19 shaping Global Chocolate Market Outlook Report, 2027? Our research and analysis help our clients to see how COVID-19 has impacted the industry. This allows our clients to invest or divest their resources. 3. Which region outstands in the Global Chocolate Market Outlook Report, 2027? Our research helps our clients to see which the dominating region in the market is, with supporting trends and developments. 4. Which are the segments to invest in over the forecast period in the Global Chocolate Market Outlook Report, 2027? Our research report allows the company/ investor to identify the most promising product segment, which is to have more potential in the coming years. 5. What is the competitive strategic window for opportunities in Global Chocolate Market Outlook Report, 2027? Through an intensive primary study, we have identified the trends and development that can be expected in the forecasted period, along with the change in the preference of the consumers. 6. What are the technology trends and regulatory frameworks in Global Chocolate Market Outlook Report, 2027? Our research report covers, the laws, rules and regulations and other mandatory legal procedures the marketers need to abide by. 7. What are the major companies in Global Chocolate Market Outlook Report, 2027? Our market research report covers the detailed profiling of the leading companies in the industry, and also a brief discussion about the smaller emerging brands. An excellent Global Chocolate Market Report, the document has the best market research offerings and the required critical information, whether it is about looking for new product trends or competitive analysis of an existing or emerging market. With this business report, companies can sharpen their competitive edge again and again. The market report has expert insights on global industries, products, company profiles, and market trends. Table of Contents 1. Executive Summary 2. Report Methodology 3. Market Structure 3.1. Market Considerate 4. Global Chocolate Market Outlook 4.1. Market Size by Value 4.2. Market Share 4.2.1. By Type 4.2.2. By Application 4.2.3. By Sales Channel 4.2.4. By Region 4.2.5. By Country 4.2.6. By Company 5. Global Dark Chocolate Market Outlook 6. Global White Chocolate Market Outlook 7. Global Milk Chocolate Market Outlook 8. North America Chocolate Market Outlook 8.1. Market Size by Value 8.2. Market Share To access the full report visit here@ https://www.actualmarketresearch.com/upload/pdf/global-chocolate-market-overview-1659502772.pdf Actual Market Research India Bulls Mega Mall, Jetalpur Road, Vadodara sales@actualmarketresearch.com North America: +1 201 793 8545 Asia-Pacific: +91 7878231309 https://www.actualmarketresearch.com/ Actual Market Research is a distinctive and contemporary market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. We endeavor to provide appropriate solutions to complex business challenges and initiate an effortless decision-making process.