Global Vegan Confectionery Market, By Product (Chocolate, Sugar, Flour), Distribution Channel (Offline Distribution, Online Distribution), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Vegan Confectionery Market
Global vegan confectionery market size is expected to grow at a compound annual rate of 11.8% in the forecast period 2021 to 2028 and is likely to reach USD 0.20 billion by 2028. The rise in the product acceptance and usage is the factor responsible for the growth of vegan confectionery market in the forecast period of 2021 to 2028.
Vegan confectionery is a substitute for normal confectionery and it abstains the use of animal products which make it cruelty freeconfectionery. It is made by the plant-based products, preservatives and flavors. The sugar, chocolate, flour and other ingredients used are plant-based and vegan friendly.
The surging influence of vegan lifestyles and inclination towards plant-based diet across the globe increases are major factors expected to contribute to market growth to drive the demand for vegan confectionery over the forecast period of 2021 to 2028. The rise in awareness related to animal cruelty and environmental damage is expected to heighten foremost drivers for the global vegan confectionery market at a global level. However, the costly price of vegan confectionery is projected to act as a restraint towards the growth of the market, whereas the fluctuation in prices of raw material can challenge the growth of the vegan confectionery market.
Moreover, the innovation and changes in variety of flavors by the key players established is expected to further generate new opportunities for the vegan confectionery market in the forecast period of 2021 to 2028.
This vegan confectionery market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on vegan confectionery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Vegan Confectionery Market Scope and Market Size
Vegan confectionery market is segmented on the basis of product and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the global vegan confectionery market has been segmented chocolate, sugar and flour.
- On the basis of distribution channel, the Global vegan confectionery market has been bifurcated into offline distribution and online distribution.
Vegan Confectionery Market Country Level Analysis
Vegan confectionery market is analyses and market size, volume information is provided by product and distribution channel as referenced above.
The countries covered in the vegan confectionery market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America leads the vegan confectionery market due to surging amount of vegan trend and lactose intolerants within this region. Asia- Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to increasing consumption of plant-based food products due to increasing health consciousness and veganism.
The country section of the vegan confectionery market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Vegan Confectionery Market Share Analysis
Vegan confectionery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to vegan confectionery market.
The major players covered in the vegan confectionery report are Unreal Brands Inc.,., Taza Chocolate, Alter Eco, Endangered Species Chocolate LLC, EQUAL EXCHANGE COOP, Chocoladefabriken Lindt &Sprüngli AG, Mondelez International, Dylan's Candy Bar, Endorfin Foods., Goodio, VeganFirst., Alibaba, Symrise, SensientColors LLC, McCormick & Company, Inc., Takasago International Corporation, The Edlong Corporation, Firmenich SA, Mane, and FLAVOR PRODUCERS, LLC among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately
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