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 Confectionery Market Share, Future Demand, Regional Analysis and Forecast by 2027 The global chocolate confectionery market size is projected to reach USD 136.42 billion by 2027, exhibiting a CAGR of 2.3% during the forecast period. Widespread awareness regarding the potential health benefits of chocolate is expected to play a central role in driving the growth of this market. Chocolate products, especially dark chocolate, offer a plethora of health benefits. Dark chocolate and cocoa are known to have more flavanols, polyphenols, and antioxidants compared to acai berries, blueberries, and many other naturally occurring consumable foods. Further, a dark chocolate bar holds considerable amounts of iron, copper, and fiber, bolstered with an additional variety of other nutrients. A research study in the National Institutes of Health found that consuming dark chocolate helps regulate blood pressure more efficiently as the presence of flavanols can activate the lining within the arteries, reducing the impediments to blood flow and lowering the risk of heart disorders. These benefits of dark chocolate are surging their consumption, which is propelling the global market growth. List of Key Players Covered in the Chocolate Confectionery Market Report are: Mars Inc. (Virginia, U.S.) The Hershey Company (Pennsylvania, U.S.) Mondelez International (Illinois, U.S.) Ferrero SpA (Alba, Italy) Nestle S.A. (Vevey, Switzerland) Ezaki Glico Co., Ltd. (Osaka, Japan) Meiji Holdings Co., Ltd. (Tokyo, Japan) HARIBO GmbH & Co. KG (Bonn, Germany) Chocoladefabriken Lindt & Sprungli AG (Zürich, Switzerland) Barry Callebaut (Zürich, Switzerland) Market Restraints Shrinking Sales amid COVID-19 Pandemic to Stall Market Growth The chocolate confectionery market growth is expected to be hit by the coronavirus pandemic as lockdown and social distancing measures have forced consumers to stay at home and retail shops to close down, albeit temporarily. Moreover, severe global economic downturn has led to job losses and plummeting revenues for businesses, which has arrested spending on non-essential foods such as chocolate products. This, in turn, has contracted sales of some of the major players in the chocolate confectionery industry. The Hershey Company, for instance, reported in April that its international net sales dipped by 8.1% to USD 192.5 million. Similarly, in July 2020, Lindt & Spruengli, the Swiss chocolate maker, announced a fall in organic sales by 5-7% in the current year owing to store closures forced by COVID-19. Regional Insights North America to Have Dominating Lead in the Market Backed by High Demand for Premium Chocolates With a market size of USD 19.50 billion in 2019, North America is anticipated to lead the chocolate confectionery market share during the forecast, mainly owing to the high demand for premium chocolate snacks and products among the consumers in the region. However, in the US, whose market volume stood at 1,410.20 thousand tons in 2019, the market is expected to experience limited growth owing to increasing resistance to high-sugar chocolate confectioneries and rising preference for low-sugar confectionery items. In Europe, chocolate items are a central component in festivals in the region, which is the major factor augmenting the market growth. In Asia-Pacific, per capita consumption of chocolate products is increasing as a result of growing disposable income in the region. Large proportion of young population and evolving taste preferences are having a considerable influence on the growth trajectory of the market in the region. Competitive Landscape Heavy Investments in R&D by Key Players to Create Healthy Competitive Atmosphere The market for chocolate confectioneries is characterized by a healthy competitive climate as top companies are directing their energies towards elevating their R&D capabilities. Moreover, some players in this market are also engaging in efforts towards establishing sustainable agriculture practices in key cocoa producing regions. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/industry-reports/chocolate-confectionery-market-100539

Organic Foods Market Global Size, Growth, Segments, Revenue By 2022-2029 The global organic foods market size was valued at USD 140.46 billion in 2021 and USD 157.48 billion in 2022. The market is expected to reach USD 366.66 billion by 2029 with a CAGR of 12.83% during the forecast period. Increasing health consciousness in consumers is predicted to boost the demand for the products. Rise in the levels of income allows consumers to buy such products which is set to drive market growth. Celebrity endorsement and fund raising activities are expected to propel the market course. Evolving agriculture farming is expected to facilitate market development for organic foods. Fortune Business Insights™ shares this information in its report titled “Organic Foods Market, 2022-2029.” Browse a Complete Copy of This Research Report: https://www.fortunebusinessinsights.com/industry-reports/organic-foods-market-101470 List of Key Players Profiled in the Report General Mills Inc. (U.S.) Danone S.A. (France) Dole plc. (Ireland) Organic Valley (U.S.) Organic India Pvt. Ltd. (India) Amy's Kitchen, Inc. (U.S.) Arla Foods Amba (Denmark) Eden Foods Inc (U.S.) Hain Celestial Group, Inc. (U.S.) SunOpta Inc (U.S.) Segments Fruits & Vegetables to Lead Due to Increasing Nutritional Values On the basis of the category, the market is divided into fruits & vegetables, dairy, meat, fish, & poultry, frozen & processed foods, cereals & grains, beverages, and others. Fruits & vegetables segment is anticipated to have the largest part due to its nutritional value and presence of various minerals, vitamins, fibers, and antioxidants. Unprocessed Foods to Govern the Segment Owing to its Convenience Based on product type, the market is categorized into processed and unprocessed. Unprocessed organic foods are expected to have a major part owing due to their fresh-like appearance and convenience associated with these foods. Supermarkets/Hypermarkets to Lead the Segment Due to Wide Range of Products Based on distribution channel, the market is divided into supermarkets/hypermarkets, specialty stores, convenience stores, online retail stores, and others. Supermarkets/hypermarkets segment is expected to have a major part as it offers a wide range of brands and product varieties in a single place. Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players. Drivers and Restraints Evolving Farming Practices to Drive Market Development Increasing and evolving farming practices due to the wide availability of chemical fertilizers and pesticides are anticipated to drive the organic foods market growth. Increasing practices that affect the environment due to the use of hazardous chemicals in agriculture are expected to drive market growth. An emerging trend of organic farming globally increases the product availability and makes it more affordable. An increasing number of product launches by the market players is expected to push market growth. However, high prices and limited shelf life of the organic foods are expected to impede market growth. Regional Insights Europe to Lead Market Share Owing to Increasing Environmental and Animal Concerns Europe is anticipated to head the organic foods market share due to growing environmental and animal welfare concerns which inspire individuals to consume organic products such as fruits and vegetables. According to AgenceBio, a French Agency for the Development and Promotion of Organic Agriculture stated that in the year 2020, fresh fruits & vegetables was the second leading organic product consumed in France with 17% of organic consumption at home, followed by groceries (31%). North America is anticipated to be one of the major regions for this market due to increasing awareness for health amongst consumers and adoption of organic foods. There has been an increasing demand and preference in various countries such as Canada, the U.S., and Mexico. According to the Organic Trade Association (OTA), the dollar sales growth of organic baby food category in the U.S. was increased by 11%, which was followed by the beverages segment with 8% in 2021. Competitive Landscape New Product Offerings by Key Market Players to Set Market Course Major players in the market have been offering a wide range of product offerings, new product launches, and brand loyalty in developed and developing countries. The entry of new players in the market with innovative products has boosted market growth. In May 2022, Amul announced that it will add a new organic food product portfolio by launching a range of products such as organic whole wheat atta, moong dal, tur dal, chana dal, and basmati rice. Key Industry Development May 2022- Barry Callebaut announced its expansion of plant-based product portfolio with the addition of dairy-free organic chocolate to serve its consumers across North America. Barry Callebaut is a Belgian-Swiss cocoa processor and chocolate manufacturer.

Organic Cocoa Market Business, Report, Trends and Forecast Report by 2028 The global organic cocoa market size was USD 532.45 million in 2020 and is projected to grow from USD 570.95 million in 2021 to USD 942.57 million by 2028, exhibiting a CAGR of 7.42% during the forecast period (2021-2028). Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/organic-cocoa-market-104363

https://www.databridgemarketresearch.com/reports/global-cocoa-products-market

The Organic Cocoa market is projected to grow from USD 570.95 million in 2021 to USD 942.57 million by 2028, exhibiting a CAGR of 7.42% during the forecast period (2021-2028). Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/organic-cocoa-market-104363

Chocolate products, especially dark chocolate, offer a plethora of health benefits. Dark chocolate and cocoa are known to have more flavanols, polyphenols, and antioxidants compared to acai berries, blueberries, and many other naturally occurring consumable foods. Further, a dark chocolate bar holds considerable amounts of iron, copper, and fiber, bolstered with an additional variety of other nutrients. https://www.fortunebusinessinsights.com/industry-reports/chocolate-confectionery-market-100539

Organic Cocoa Market Overview, Key Players Analysis, Comprehensive Research Study, Competitive Landscape and Forecast to 2028 The organic cocoa market is projected to grow from USD 570.95 million in 2021 to USD 942.57 million by 2028, exhibiting a CAGR of 7.42% during the forecast period (2021-2028). Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/organic-cocoa-market-104363

The Organic Cocoa Market is projected to grow from USD 570.95 million in 2021 to USD 942.57 million by 2028, exhibiting a CAGR of 7.42% during the forecast period (2021-2028). Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/organic-cocoa-market-104363