North America Vegan Chocolate Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Stores), By Type, By Country and Growth Forecast, 2023

Description

List of Tables

The North America Vegan Chocolate Market would witness market growth of 12.0% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 2,980.3 tonnes, showcasing a growth of 5.9% (2019-2022).

The demand for handcrafted plant-based chocolates has surged due to the rising popularity of veganism and the desire for high-quality plant-based food options. As gifts, decadent treats, or for special occasions, consumers are increasingly seeking artisanal chocolates. Additionally, the growing disposable incomes of middle-class consumers help to increase the sales of artisanal chocolates. These varieties are frequently mixed with nuts, fruits, alcohol, and other ingredients to enhance the richness of premium chocolates.

The availability and variety of vegan chocolates have increased considerably over time. Several chocolate producers provide a range of vegan options or have specific vegan product lines. This increased availability has made it simpler for consumers to seek them in grocery stores, specialty shops, and online retailers, attracting more consumers. In addition, advances in constituent sourcing, manufacturing techniques, and the incorporation of essential nutrients have substantially enhanced the flavor and quality of these chocolates. For instance, the U.S.-based Functional Chocolate Company introduced its ethically sourced chocolate and nutraceuticals in January 2022. The new vegan dark chocolate line combines nutrients like vitamins, minerals, botanicals, and amino acids that support several common health concerns, including stress, sleep, and other activities.

The growing affinity for plant-based diets significantly contributes to the augmenting market growth of plant-based products, including vegan chocolates, in North America. More consumers in North America are adopting plant-based diets for various reasons, including health, environmental concerns, and animal welfare. For instance, the United States Department of Agriculture's 2015-2020 Dietary Guidelines for Americans promotes a vegetarian diet as a healthy dietary pattern. As consumer preferences and dietary habits evolve, the plant-based food industry will likely see sustained growth in the region. Therefore, the affinity for plant-based diets in North America is a strong driver of market growth for vegan chocolates.

The US market dominated the North America Vegan Chocolate Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $377.6 Million by 2030. The Canada market is estimated to witness a CAGR of 14.5% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 13.5% during (2023 - 2030).

Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, and Others. Based on Type, the market is segmented into Dark, Milk, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Hershey Company (Hershey Trust Company), Nestle S.A, Mars, Inc., Alter Eco (Nextworld Evergreen), Mondelez International, Inc., The Barry Callebaut Group, Plamil Foods Ltd, Lindt & Sprungli AG, Ludwig Weinrich GmbH & Co. KG, and Purdys Chocolatier

Scope of the Study

Market Segments covered in the Report:

By Distribution Channel (Volume, Tonnes, USD Million, 2019-2030)

Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
Others

By Type (Volume, Tonnes, USD Million, 2019-2030)

Dark
Milk
Others

By Country (Volume, Tonnes, USD Million, 2019-2030)

US
Canada
Mexico
Rest of North America

Companies Profiled

The Hershey Company (Hershey Trust Company)
Nestle S.A
Mars, Inc.
Alter Eco (Nextworld Evergreen)
Mondelez International, Inc.
The Barry Callebaut Group
Plamil Foods Ltd
Lindt & Sprungli AG
Ludwig Weinrich GmbH & Co. KG
Purdys Chocolatier

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Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America Vegan Chocolate Market, by Distribution Channel
- 1.4.2 North America Vegan Chocolate Market, by Type
- 1.4.3 North America Vegan Chocolate Market, by Country
1.5 Methodology for the research

Chapter 2. Market At a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints

Chapter 4. Competition Analysis - Global

4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Apr - 2023, Jun) Leading Players
4.4 Porter's Five Force Analysis

Chapter 5. North America Vegan Chocolate Market, by Distribution Channel

5.1 North America Supermarkets/Hypermarkets Market, by Country
5.2 North America Convenience Stores Market, by Country
5.3 North America Specialty Stores Market, by Country
5.4 North America Online Stores Market, by Country
5.5 North America Others Market, by Country

Chapter 6. North America Vegan Chocolate Market, by Type

6.1 North America Dark Market, by Country
6.2 North America Milk Market, by Country
6.3 North America Others Market, by Country

Chapter 7. North America Vegan Chocolate Market, by Country

7.1 US Vegan Chocolate Market
- 7.1.1 US Vegan Chocolate Market, by Distribution Channel
- 7.1.2 US Vegan Chocolate Market, by Type
7.2 Canada Vegan Chocolate Market
- 7.2.1 Canada Vegan Chocolate Market, by Distribution Channel
- 7.2.2 Canada Vegan Chocolate Market, by Type
7.3 Mexico Vegan Chocolate Market
- 7.3.1 Mexico Vegan Chocolate Market, by Distribution Channel
- 7.3.2 Mexico Vegan Chocolate Market, by Type
7.4 Rest of North America Vegan Chocolate Market
- 7.4.1 Rest of North America Vegan Chocolate Market, by Distribution Channel
- 7.4.2 Rest of North America Vegan Chocolate Market, by Type

Chapter 8. Company Profiles

8.1 The Hershey Company (Hershey Trust Company)
- 8.1.1 Company overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Recent strategies and developments:
  - 8.1.4.1 Product Launches and Product Expansions:
- 8.1.5 SWOT Analysis
8.2 Nestle S.A
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expenses
- 8.2.5 Recent strategies and developments:
  - 8.2.5.1 Product Launches and Product Expansions:
- 8.2.6 SWOT Analysis
8.3 Mars, Inc.
- 8.3.1 Company Overview
- 8.3.2 Recent strategies and developments:
  - 8.3.2.1 Partnerships, Collaborations, and Agreements:
- 8.3.3 SWOT Analysis
8.4 Alter Eco (Nextworld Evergreen)
- 8.4.1 Company Overview
- 8.4.2 Recent strategies and developments:
  - 8.4.2.1 Product Launches and Product Expansions:
- 8.4.3 SWOT Analysis
8.5 Mondelez International, Inc.
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Regional Analysis
- 8.5.4 Recent strategies and developments:
  - 8.5.4.1 Product Launches and Product Expansions:
  - 8.5.4.2 Acquisition and Mergers:
- 8.5.5 SWOT Analysis
8.6 The Barry Callebaut Group
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 Recent strategies and developments:
  - 8.6.5.1 Product Launches and Product Expansions:
- 8.6.6 SWOT Analysis
8.7 Plamil Foods Ltd
- 8.7.1 Company Overview
- 8.7.2 Recent strategies and developments:
  - 8.7.2.1 Product Launches and Product Expansions:
- 8.7.3 SWOT Analysis
8.8 Lindt & Sprungli AG
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental Analysis
- 8.8.4 Research & Development Expenses
- 8.8.5 Recent strategies and developments:
  - 8.8.5.1 Product Launches and Product Expansions:
- 8.8.6 SWOT Analysis
8.9 Ludwig Weinrich GmbH & Co. KG
- 8.9.1 Company Overview
- 8.9.2 SWOT Analysis
8.10. Purdys Chocolatier
- 8.10.1 Company Overview
- 8.10.2 Recent strategies and developments:
  - 8.10.2.1 Product Launches and Product Expansions:
- 8.10.3 SWOT Analysis

LIST OF TABLES

TABLE 1 North America Vegan Chocolate Market, 2019 - 2022, USD Million
TABLE 2 North America Vegan Chocolate Market, 2023 - 2030, USD Million
TABLE 3 North America Vegan Chocolate Market, 2019 - 2022, Tonnes
TABLE 4 North America Vegan Chocolate Market, 2023 - 2030, Tonnes
TABLE 5 Partnerships, Collaborations and Agreements- Vegan Chocolate Market
TABLE 6 Product Launches And Product Expansions- Vegan Chocolate Market
TABLE 7 Acquisition and Mergers- Vegan Chocolate Market
TABLE 8 North America Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 9 North America Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 10 North America Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, Tonnes
TABLE 11 North America Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, Tonnes
TABLE 12 North America Supermarkets/Hypermarkets Market, by Country, 2019 - 2022, USD Million
TABLE 13 North America Supermarkets/Hypermarkets Market, by Country, 2023 - 2030, USD Million
TABLE 14 North America Supermarkets/Hypermarkets Market, by Country, 2019 - 2022, Tonnes
TABLE 15 North America Supermarkets/Hypermarkets Market, by Country, 2023 - 2030, Tonnes
TABLE 16 North America Convenience Stores Market, by Country, 2019 - 2022, USD Million
TABLE 17 North America Convenience Stores Market, by Country, 2023 - 2030, USD Million
TABLE 18 North America Convenience Stores Market, by Country, 2019 - 2022, Tonnes
TABLE 19 North America Convenience Stores Market, by Country, 2023 - 2030, Tonnes
TABLE 20 North America Specialty Stores Market, by Country, 2019 - 2022, USD Million
TABLE 21 North America Specialty Stores Market, by Country, 2023 - 2030, USD Million
TABLE 22 North America Specialty Stores Market, by Country, 2019 - 2022, Tonnes
TABLE 23 North America Specialty Stores Market, by Country, 2023 - 2030, Tonnes
TABLE 24 North America Online Stores Market, by Country, 2019 - 2022, USD Million
TABLE 25 North America Online Stores Market, by Country, 2023 - 2030, USD Million
TABLE 26 North America Online Stores Market, by Country, 2019 - 2022, Tonnes
TABLE 27 North America Online Stores Market, by Country, 2023 - 2030, Tonnes
TABLE 28 North America Others Market, by Country, 2019 - 2022, USD Million
TABLE 29 North America Others Market, by Country, 2023 - 2030, USD Million
TABLE 30 North America Others Market, by Country, 2019 - 2022, Tonnes
TABLE 31 North America Others Market, by Country, 2023 - 2030, Tonnes
TABLE 32 North America Vegan Chocolate Market, by Type, 2019 - 2022, USD Million
TABLE 33 North America Vegan Chocolate Market, by Type, 2023 - 2030, USD Million
TABLE 34 North America Vegan Chocolate Market, by Type, 2019 - 2022, Tonnes
TABLE 35 North America Vegan Chocolate Market, by Type, 2023 - 2030, Tonnes
TABLE 36 North America Dark Market, by Country, 2019 - 2022, USD Million
TABLE 37 North America Dark Market, by Country, 2023 - 2030, USD Million
TABLE 38 North America Dark Market, by Country, 2019 - 2022, Tonnes
TABLE 39 North America Dark Market, by Country, 2023 - 2030, Tonnes
TABLE 40 North America Milk Market, by Country, 2019 - 2022, USD Million
TABLE 41 North America Milk Market, by Country, 2023 - 2030, USD Million
TABLE 42 North America Milk Market, by Country, 2019 - 2022, Tonnes
TABLE 43 North America Milk Market, by Country, 2023 - 2030, Tonnes
TABLE 44 North America Others Market, by Country, 2019 - 2022, USD Million
TABLE 45 North America Others Market, by Country, 2023 - 2030, USD Million
TABLE 46 North America Others Market, by Country, 2019 - 2022, Tonnes
TABLE 47 North America Others Market, by Country, 2023 - 2030, Tonnes
TABLE 48 North America Vegan Chocolate Market, by Country, 2019 - 2022, USD Million
TABLE 49 North America Vegan Chocolate Market, by Country, 2023 - 2030, USD Million
TABLE 50 North America Vegan Chocolate Market, by Country, 2019 - 2022, Tonnes
TABLE 51 North America Vegan Chocolate Market, by Country, 2023 - 2030, Tonnes
TABLE 52 US Vegan Chocolate Market, 2019 - 2022, USD Million
TABLE 53 US Vegan Chocolate Market, 2023 - 2030, USD Million
TABLE 54 US Vegan Chocolate Market, 2019 - 2022, Tonnes
TABLE 55 US Vegan Chocolate Market, 2023 - 2030, Tonnes
TABLE 56 US Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 57 US Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 58 US Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, Tonnes
TABLE 59 US Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, Tonnes
TABLE 60 US Vegan Chocolate Market, by Type, 2019 - 2022, USD Million
TABLE 61 US Vegan Chocolate Market, by Type, 2023 - 2030, USD Million
TABLE 62 US Vegan Chocolate Market, by Type, 2019 - 2022, Tonnes
TABLE 63 US Vegan Chocolate Market, by Type, 2023 - 2030, Tonnes
TABLE 64 Canada Vegan Chocolate Market, 2019 - 2022, USD Million
TABLE 65 Canada Vegan Chocolate Market, 2023 - 2030, USD Million
TABLE 66 Canada Vegan Chocolate Market, 2019 - 2022, Tonnes
TABLE 67 Canada Vegan Chocolate Market, 2023 - 2030, Tonnes
TABLE 68 Canada Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 69 Canada Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 70 Canada Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, Tonnes
TABLE 71 Canada Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, Tonnes
TABLE 72 Canada Vegan Chocolate Market, by Type, 2019 - 2022, USD Million
TABLE 73 Canada Vegan Chocolate Market, by Type, 2023 - 2030, USD Million
TABLE 74 Canada Vegan Chocolate Market, by Type, 2019 - 2022, Tonnes
TABLE 75 Canada Vegan Chocolate Market, by Type, 2023 - 2030, Tonnes
TABLE 76 Mexico Vegan Chocolate Market, 2019 - 2022, USD Million
TABLE 77 Mexico Vegan Chocolate Market, 2023 - 2030, USD Million
TABLE 78 Mexico Vegan Chocolate Market, 2019 - 2022, Tonnes
TABLE 79 Mexico Vegan Chocolate Market, 2023 - 2030, Tonnes
TABLE 80 Mexico Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 81 Mexico Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 82 Mexico Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, Tonnes
TABLE 83 Mexico Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, Tonnes
TABLE 84 Mexico Vegan Chocolate Market, by Type, 2019 - 2022, USD Million
TABLE 85 Mexico Vegan Chocolate Market, by Type, 2023 - 2030, USD Million
TABLE 86 Mexico Vegan Chocolate Market, by Type, 2019 - 2022, Tonnes
TABLE 87 Mexico Vegan Chocolate Market, by Type, 2023 - 2030, Tonnes
TABLE 88 Rest of North America Vegan Chocolate Market, 2019 - 2022, USD Million
TABLE 89 Rest of North America Vegan Chocolate Market, 2023 - 2030, USD Million
TABLE 90 Rest of North America Vegan Chocolate Market, 2019 - 2022, Tonnes
TABLE 91 Rest of North America Vegan Chocolate Market, 2023 - 2030, Tonnes
TABLE 92 Rest of North America Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 93 Rest of North America Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 94 Rest of North America Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, Tonnes
TABLE 95 Rest of North America Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, Tonnes
TABLE 96 Rest of North America Vegan Chocolate Market, by Type, 2019 - 2022, USD Million
TABLE 97 Rest of North America Vegan Chocolate Market, by Type, 2023 - 2030, USD Million
TABLE 98 Rest of North America Vegan Chocolate Market, by Type, 2019 - 2022, Tonnes
TABLE 99 Rest of North America Vegan Chocolate Market, by Type, 2023 - 2030, Tonnes
TABLE 100 Key Information -The Hershey Company
TABLE 101 Key Information - Nestle S.A
TABLE 102 key information - Mars, Inc.
TABLE 103 Key information - Alter Eco
TABLE 104 Key Information - Mondelez International, Inc.
TABLE 105 Key Information - The Barry Callebaut Group
TABLE 106 Key Information - Plamil Foods Ltd
TABLE 107 Key Information - Lindt & Sprungli AG
TABLE 108 Key Information - Ludwig Weinrich GmbH & Co. KG
TABLE 109 Key Information - Purdys Chocolatier

North America Vegan Chocolate Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Stores), By Type, By Country and Growth Forecast, 2023 - 2030