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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

Dietary Supplements Market Revenue Opportunities and Regional Forecast to 2028 The global dietary supplements market size is anticipated to hit USD 128.64 billion by 2028 and exhibit a CAGR of 8.68% during the forecast period. The escalating demand for personalized supplements and the rising emphasis on quality supplements are predicted to foster market growth. Fortune Business InsightsTMhas presented this information in its report titled “Dietary Supplements Market, 2021-2028”. The market size stood at USD 61.20 billion in 2020 and is anticipated to reach USD 71.81 billion in 2021. Additionally, the growing emphasis on preventive healthcare measures due to the rising prevalence of lifestyle and age-related diseases is projected to favor market growth. The growing consumer consciousness towards preventive healthcare measures is likely to boost the demand for health-boosting dietary supplements. Segmentation- On the basis of form, the market is segmented into powders, liquids, capsules, and tablets. On the basis of type, the market is fragmented into proteins, fatty acids, enzymes, minerals, vitamins, and others. Geographically, the market is classified into North America, Asia Pacific, Europe, South America, and the Middle East & Africa. Drivers & Restraints- Rising Emphasis on Quality Supplement Production to Fuel Market Growth The rising use of organic, clean-labeled, and safe ingredients in food supplement production is likely to favor the market growth. The rising emphasis on the production of quality supplements is likely to amplify the global dietary supplements market growth. Additionally, the rising preference of sportspersons for food supplements to enhance endurance and performance is projected to complement the global market growth. The growing emphasis on preventive healthcare measures shall aid market growth. The rising consumer consciousness towards preventive healthcare measures due to the escalating prevalence of lifestyle and age-related diseases is likely to boost the global market growth. Lastly, market players' increasing developments and innovations and the expanding demand for personalized supplements are anticipated to further amplify the market growth. However, the high prices of these supplements may hinder market growth. Regional Insights- Rising Health Consciousness to Accelerate Growth in Asia Pacific Asia Pacific is projected to register the fastest growth in the global dietary supplements market share. The rising health consciousness amongst consumers is estimated to be the key factor driving the market growth in the region. The increasing awareness for personalized nutrition concepts is likely to fuel the regional market growth. Additionally, expansion of product portfolios and production bases of international market players across China, India, Malaysia, South Korea, and other Asian countries is projected to favor market growth. North America is anticipated to exhibit remarkable growth during the forecast period. The increasingly hectic lifestyles, aging population, obesity, and other diseases are expected to stimulate growth in the region. Additionally, the strict regulatory guidelines to supply safe and high-quality supplements in the U.S. are predicted to aid market growth. Europe is expected to witness substantial growth in the global market. The rising consumer awareness and consciousness for preventive healthcare solutions are predicted to favor the region’s market growth. Additionally, the expanding geriatric population is anticipated to complement the market growth. South America is predicted to attain significant growth due to the growing adoption of healthy lifestyles, increasing middle-class population, and growing new product launches. Competitive Landscape- Market Players Adopt Ingenious Strategies to Amplify Market Presence The major market players emphasize diversifying their product portfolios by launching innovative products. They adopt collaborations, product innovation, new product launches, partnerships, acquisitions, mergers, and other growth strategies to augment their consumer bases and market presence. For instance, GNC partnered with Renmintongtai, a Harbin Pharmaceutical Group’s pharmacy chain, in January 2020. The company also unveiled four ‘blue hat’ products. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/dietary-supplements-market-102082

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