Vegan Chocolate Market By Type, By Product, By Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Vegan Chocolate Market," The vegan chocolate market was valued at $585.80 million in 2022, and is estimated to reach $2 billion by 2032, growing at a CAGR of 13.1% from 2023 to 2032. Vegan chocolate refers to a kind of chocolate that is completely free from any animal-derived ingredients. Traditional chocolate normally contains ingredients like milk or milk solids, butterfat, and sometimes even other additives that may also come from animals. In contrast vegan chocolate is made with choice ingredients that do not contain animal exploitation or animal by-products. Common substitutes for dairy milk in vegan chocolate include plant-based milks such as almond milk, soy milk, coconut milk, oat milk, or rice milk. Instead of normal butterfat, vegan chocolate might also use plant-based fat like cocoa butter or coconut oil.

Consumers today are more health-conscious and are actively seeking out food products that align with their dietary preferences and goals. Vegan chocolate, made without dairy and eggs, appeals to those who want to enjoy chocolate as an indulgent treat while reducing their intake of saturated fats, cholesterol, and allergens. Moreover, the growing popularity of veganism and plant-based diets has significantly contributed to the demand for vegan chocolate. Many people are adopting vegan lifestyles for ethical, environmental, and health reasons. Vegan chocolate aligns with these dietary choices and provides a guilt-free alternative to traditional chocolate options. Furthermore, food allergies and intolerances are prevalent in today's society. Dairy and eggs are common allergens, and vegan chocolate eliminates these ingredients, making it suitable for individuals with specific dietary restrictions or preferences. By offering a dairy-free and egg-free option, vegan chocolate caters to a broader consumer base, including those with lactose intolerance, milk allergies, or egg allergies.

Vegan chocolates often use high-quality ingredients and are produced using ethical and sustainable practices, which can increase its production costs. Price-sensitive consumers typically prioritize budget-friendly options. The higher production costs associated with vegan chocolates, which include sourcing high-quality ingredients and maintaining ethical and sustainable practices, often lead to higher retail prices. This can make vegan chocolates less affordable for consumers with a tight budget. They might not fully appreciate the added value of ethical and sustainable practices, resulting in a reluctance to pay a premium for vegan alternatives.

With the increasing popularity of veganism and plant-based diets, there is a need for a wider variety of vegan chocolate products. Businesses can explore opportunities to expand their product lines by introducing new flavors, textures, and formats of vegan chocolate. This can include options such as vegan milk chocolate, dark chocolate, filled chocolates, truffles, and others. Moreover, many consumers are adopting plant-based diets for health reasons, seeking products that are free from animal ingredients, cholesterol, and other potential allergens. Vegan chocolate made with high-quality ingredients, such as organic or fair-trade cocoa, natural sweeteners, and superfood additions, can appeal to health-conscious individuals. Businesses can promote the health benefits of their vegan chocolate, emphasizing its nutritional value, lower saturated fat content, and potential antioxidant properties. The rising demand for vegan chocolate provides ample opportunities for businesses to cater to the evolving preferences of consumers seeking plant-based alternatives. By understanding consumer motivations, focusing on quality, ethics, and environmental sustainability, and adopting innovative marketing strategies, businesses can position themselves as leaders in this developing market.

The COVID-19 pandemic has had significant impacts on the market for vegan chocolate. During the pandemic, there has been a growing interest in health & wellness, which has led to an increase in demand for plant-based and vegan products, including vegan chocolates. Many consumers are seeking healthier and sustainable alternatives, and vegan chocolate fits into this trend. Moreover, the pandemic disrupted global supply chains, impacting the availability and sourcing of ingredients. This disruption affected some vegan chocolate manufacturers, particularly those relying on imported ingredients or facing transportation challenges. However, the extent of this impact may vary depending on the specific supply chain setup of each business. Furthermore, with lockdowns and social distancing measures in place, there has been a significant shift towards online shopping. This change has allowed many vegan chocolate companies to reach consumers directly through e-commerce platforms. Businesses that adapted to this trend and invested in their online presence experienced growth despite the overall market challenges.

The key players profiled in this report include: Alter Eco, Mondelez International, Barry Callebaut, Nestle, Endorfin Foods, Evolved Chocolate, Chocoladefabriken Lindt & Sprungli AG, Taza Chocolate, Montezuma's Direct Ltd., and Endangered Species Chocolate, LLC. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vegan chocolate market analysis from 2022 to 2032 to identify the prevailing vegan chocolate market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the vegan chocolate market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global vegan chocolate market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)

Product Benchmarking / Product specification and applications
Technology Trend Analysis
Market share analysis of players by products/segments
New Product Development/ Product Matrix of Key Players
Regulatory Guidelines
Strategic Recommedations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Market share analysis of players at global/region/country level
SWOT Analysis

Key Market Segments

By Product

Chips and Bites
Boxed
Molded Bars

By Type

Dark
Milk
White

By Distribution Channel

Hypermarkets/Supermarkets
Specialty Stores
Online Stores
Convenience Stores

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- Austria
- Switzerland
- Sweden
- Rest of Europe
Asia-Pacific
- Taiwan
- New Zealand
- India
- Singapore
- Australia
- Rest of Europe
LAMEA
- Brazil
- United Arab Emirates
- Chile
- South Africa
- Rest of LAMEA

Key Market Players:

Alter Eco
Barry Callebaut
Chocoladefabriken Lindt & Sprungli AG
Endangered Species Chocolate, LLC.
Endorfin Foods
Evolved Chocolate
MondelA"z International
Montezuma's Direct Ltd.
Nestle S.A.
taza chocolate

Product Code: A135431

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
3.6. Market Share Analysis
3.7. Brand Share Analysis
3.8. Value Chain Analysis
3.9. Regulatory Guidelines
3.10. Patent Landscape

CHAPTER 4: VEGAN CHOCOLATE MARKET, BY TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Dark
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Milk
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. White
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country

CHAPTER 5: VEGAN CHOCOLATE MARKET, BY PRODUCT

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Molded Bars
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Chips and Bites
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Boxed
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: VEGAN CHOCOLATE MARKET, BY DISTRIBUTION CHANNEL

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Hypermarkets/Supermarkets
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Specialty Stores
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Online Stores
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. Convenience Stores
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country

CHAPTER 7: VEGAN CHOCOLATE MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Type
- 7.2.3. Market size and forecast, by Product
- 7.2.4. Market size and forecast, by Distribution Channel
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Key market trends, growth factors and opportunities
  - 7.2.5.1.2. Market size and forecast, by Type
  - 7.2.5.1.3. Market size and forecast, by Product
  - 7.2.5.1.4. Market size and forecast, by Distribution Channel
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Key market trends, growth factors and opportunities
  - 7.2.5.2.2. Market size and forecast, by Type
  - 7.2.5.2.3. Market size and forecast, by Product
  - 7.2.5.2.4. Market size and forecast, by Distribution Channel
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Key market trends, growth factors and opportunities
  - 7.2.5.3.2. Market size and forecast, by Type
  - 7.2.5.3.3. Market size and forecast, by Product
  - 7.2.5.3.4. Market size and forecast, by Distribution Channel
7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Type
- 7.3.3. Market size and forecast, by Product
- 7.3.4. Market size and forecast, by Distribution Channel
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Key market trends, growth factors and opportunities
  - 7.3.5.1.2. Market size and forecast, by Type
  - 7.3.5.1.3. Market size and forecast, by Product
  - 7.3.5.1.4. Market size and forecast, by Distribution Channel
  - 7.3.5.2. UK
  - 7.3.5.2.1. Key market trends, growth factors and opportunities
  - 7.3.5.2.2. Market size and forecast, by Type
  - 7.3.5.2.3. Market size and forecast, by Product
  - 7.3.5.2.4. Market size and forecast, by Distribution Channel
  - 7.3.5.3. Austria
  - 7.3.5.3.1. Key market trends, growth factors and opportunities
  - 7.3.5.3.2. Market size and forecast, by Type
  - 7.3.5.3.3. Market size and forecast, by Product
  - 7.3.5.3.4. Market size and forecast, by Distribution Channel
  - 7.3.5.4. Switzerland
  - 7.3.5.4.1. Key market trends, growth factors and opportunities
  - 7.3.5.4.2. Market size and forecast, by Type
  - 7.3.5.4.3. Market size and forecast, by Product
  - 7.3.5.4.4. Market size and forecast, by Distribution Channel
  - 7.3.5.5. Sweden
  - 7.3.5.5.1. Key market trends, growth factors and opportunities
  - 7.3.5.5.2. Market size and forecast, by Type
  - 7.3.5.5.3. Market size and forecast, by Product
  - 7.3.5.5.4. Market size and forecast, by Distribution Channel
  - 7.3.5.6. Rest of Europe
  - 7.3.5.6.1. Key market trends, growth factors and opportunities
  - 7.3.5.6.2. Market size and forecast, by Type
  - 7.3.5.6.3. Market size and forecast, by Product
  - 7.3.5.6.4. Market size and forecast, by Distribution Channel
7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Type
- 7.4.3. Market size and forecast, by Product
- 7.4.4. Market size and forecast, by Distribution Channel
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. Taiwan
  - 7.4.5.1.1. Key market trends, growth factors and opportunities
  - 7.4.5.1.2. Market size and forecast, by Type
  - 7.4.5.1.3. Market size and forecast, by Product
  - 7.4.5.1.4. Market size and forecast, by Distribution Channel
  - 7.4.5.2. New Zealand
  - 7.4.5.2.1. Key market trends, growth factors and opportunities
  - 7.4.5.2.2. Market size and forecast, by Type
  - 7.4.5.2.3. Market size and forecast, by Product
  - 7.4.5.2.4. Market size and forecast, by Distribution Channel
  - 7.4.5.3. India
  - 7.4.5.3.1. Key market trends, growth factors and opportunities
  - 7.4.5.3.2. Market size and forecast, by Type
  - 7.4.5.3.3. Market size and forecast, by Product
  - 7.4.5.3.4. Market size and forecast, by Distribution Channel
  - 7.4.5.4. Singapore
  - 7.4.5.4.1. Key market trends, growth factors and opportunities
  - 7.4.5.4.2. Market size and forecast, by Type
  - 7.4.5.4.3. Market size and forecast, by Product
  - 7.4.5.4.4. Market size and forecast, by Distribution Channel
  - 7.4.5.5. Australia
  - 7.4.5.5.1. Key market trends, growth factors and opportunities
  - 7.4.5.5.2. Market size and forecast, by Type
  - 7.4.5.5.3. Market size and forecast, by Product
  - 7.4.5.5.4. Market size and forecast, by Distribution Channel
  - 7.4.5.6. Rest of Europe
  - 7.4.5.6.1. Key market trends, growth factors and opportunities
  - 7.4.5.6.2. Market size and forecast, by Type
  - 7.4.5.6.3. Market size and forecast, by Product
  - 7.4.5.6.4. Market size and forecast, by Distribution Channel
7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Type
- 7.5.3. Market size and forecast, by Product
- 7.5.4. Market size and forecast, by Distribution Channel
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Brazil
  - 7.5.5.1.1. Key market trends, growth factors and opportunities
  - 7.5.5.1.2. Market size and forecast, by Type
  - 7.5.5.1.3. Market size and forecast, by Product
  - 7.5.5.1.4. Market size and forecast, by Distribution Channel
  - 7.5.5.2. United Arab Emirates
  - 7.5.5.2.1. Key market trends, growth factors and opportunities
  - 7.5.5.2.2. Market size and forecast, by Type
  - 7.5.5.2.3. Market size and forecast, by Product
  - 7.5.5.2.4. Market size and forecast, by Distribution Channel
  - 7.5.5.3. Chile
  - 7.5.5.3.1. Key market trends, growth factors and opportunities
  - 7.5.5.3.2. Market size and forecast, by Type
  - 7.5.5.3.3. Market size and forecast, by Product
  - 7.5.5.3.4. Market size and forecast, by Distribution Channel
  - 7.5.5.4. South Africa
  - 7.5.5.4.1. Key market trends, growth factors and opportunities
  - 7.5.5.4.2. Market size and forecast, by Type
  - 7.5.5.4.3. Market size and forecast, by Product
  - 7.5.5.4.4. Market size and forecast, by Distribution Channel
  - 7.5.5.5. Rest of LAMEA
  - 7.5.5.5.1. Key market trends, growth factors and opportunities
  - 7.5.5.5.2. Market size and forecast, by Type
  - 7.5.5.5.3. Market size and forecast, by Product
  - 7.5.5.5.4. Market size and forecast, by Distribution Channel

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Alter Eco
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
9.2. MondelA"z International
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
9.3. Barry Callebaut
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
9.4. Nestle S.A.
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
9.5. Endorfin Foods
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
9.6. Evolved Chocolate
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
9.7. Chocoladefabriken Lindt & Sprungli AG
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
9.8. taza chocolate
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
9.9. Montezuma's Direct Ltd.
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
9.10. Endangered Species Chocolate, LLC.
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot