Asia Pacific 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 Asia Pacific Vegan Chocolate Market would witness market growth of 13.2% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 3,238.5 tonnes, showcasing a growth of 6.7% (2019-2022).

The majority of consumers prefer to adopt a healthier lifestyle and diet. This is bolstered by manufacturers creating chocolates with less sugar and dairy-free milk alternatives, such as hazelnut, cashew nut, and oats. The increasing awareness of animal cruelty and the rising demand for reducing the consumption of dairy-based products among animal rights organizations have increased awareness of vegan diets and products.

Dietitians encourage the consumption of products that promote health and sustainability, and plant-based chocolates fit readily into these categories. Consumers are looking for items that meet their diets; thus, this provides a guilt-free delight for consumers who want to enjoy chocolate while adhering to their dietary preferences. It contributes to the expansion of the market. There is a growing demand due to several factors, including health concerns, ethical considerations, and environmental awareness.

Consumers are increasingly looking for alternatives to traditional chocolate made with dairy. The prevalence of lactose intolerance, dairy allergies, and dietary restrictions has led individuals to explore vegan chocolates as a safe and enjoyable alternative. A growing awareness of animal welfare issues in the dairy and cocoa sectors has prompted consumers to pursue chocolate products devoid of animal-derived components.

As health awareness increases, consumers in Asia Pacific seek healthier food options. Vegan chocolates, often perceived as a healthier alternative to traditional dairy chocolate, align with this preference. They have fewer additives and are often lower in saturated fat and cholesterol. As per USDA, the development of Japan Agricultural Standards (JAS) for processed vegetarian and vegan meals, as well as food services, has been started in Japan. The creation of new voluntary government standards in Japan is likely influenced by the certification requirements for vegetarian and vegan products set by overseas non-governmental organizations. The Asia Pacific region's rising health and wellness consciousness is significantly impacting the market.

The China market dominated the Asia Pacific Vegan Chocolate Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $141.8 Million by 2030. The Japan market is estimated to grow at a CAGR of 12.4% during (2023 - 2030). Additionally, The India market would register a CAGR of 13.9% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

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)

China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific

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 Asia Pacific Vegan Chocolate Market, by Distribution Channel
- 1.4.2 Asia Pacific Vegan Chocolate Market, by Type
- 1.4.3 Asia Pacific 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. Asia Pacific Vegan Chocolate Market, by Distribution Channel

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

Chapter 6. Asia Pacific Vegan Chocolate Market, by Type

6.1 Asia Pacific Dark Market, by Country
6.2 Asia Pacific Milk Market, by Country
6.3 Asia Pacific Others Market, by Country

Chapter 7. Asia Pacific Vegan Chocolate Market, by Country

7.1 China Vegan Chocolate Market
- 7.1.1 China Vegan Chocolate Market, by Distribution Channel
- 7.1.2 China Vegan Chocolate Market, by Type
7.2 Japan Vegan Chocolate Market
- 7.2.1 Japan Vegan Chocolate Market, by Distribution Channel
- 7.2.2 Japan Vegan Chocolate Market, by Type
7.3 India Vegan Chocolate Market
- 7.3.1 India Vegan Chocolate Market, by Distribution Channel
- 7.3.2 India Vegan Chocolate Market, by Type
7.4 South Korea Vegan Chocolate Market
- 7.4.1 South Korea Vegan Chocolate Market, by Distribution Channel
- 7.4.2 South Korea Vegan Chocolate Market, by Type
7.5 Singapore Vegan Chocolate Market
- 7.5.1 Singapore Vegan Chocolate Market, by Distribution Channel
- 7.5.2 Singapore Vegan Chocolate Market, by Type
7.6 Malaysia Vegan Chocolate Market
- 7.6.1 Malaysia Vegan Chocolate Market, by Distribution Channel
- 7.6.2 Malaysia Vegan Chocolate Market, by Type
7.7 Rest of Asia Pacific Vegan Chocolate Market
- 7.7.1 Rest of Asia Pacific Vegan Chocolate Market, by Distribution Channel
- 7.7.2 Rest of Asia Pacific 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 Asia Pacific Vegan Chocolate Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Vegan Chocolate Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Vegan Chocolate Market, 2019 - 2022, Tonnes
TABLE 4 Asia Pacific 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 Asia Pacific Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 9 Asia Pacific Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 10 Asia Pacific Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, Tonnes
TABLE 11 Asia Pacific Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, Tonnes
TABLE 12 Asia Pacific Supermarkets/Hypermarkets Market, by Country, 2019 - 2022, USD Million
TABLE 13 Asia Pacific Supermarkets/Hypermarkets Market, by Country, 2023 - 2030, USD Million
TABLE 14 Asia Pacific Supermarkets/Hypermarkets Market, by Country, 2019 - 2022, Tonnes
TABLE 15 Asia Pacific Supermarkets/Hypermarkets Market, by Country, 2023 - 2030, Tonnes
TABLE 16 Asia Pacific Convenience Stores Market, by Country, 2019 - 2022, USD Million
TABLE 17 Asia Pacific Convenience Stores Market, by Country, 2023 - 2030, USD Million
TABLE 18 Asia Pacific Convenience Stores Market, by Country, 2019 - 2022, Tonnes
TABLE 19 Asia Pacific Convenience Stores Market, by Country, 2023 - 2030, Tonnes
TABLE 20 Asia Pacific Specialty Stores Market, by Country, 2019 - 2022, USD Million
TABLE 21 Asia Pacific Specialty Stores Market, by Country, 2023 - 2030, USD Million
TABLE 22 Asia Pacific Specialty Stores Market, by Country, 2019 - 2022, Tonnes
TABLE 23 Asia Pacific Specialty Stores Market, by Country, 2023 - 2030, Tonnes
TABLE 24 Asia Pacific Online Stores Market, by Country, 2019 - 2022, USD Million
TABLE 25 Asia Pacific Online Stores Market, by Country, 2023 - 2030, USD Million
TABLE 26 Asia Pacific Online Stores Market, by Country, 2019 - 2022, Tonnes
TABLE 27 Asia Pacific Online Stores Market, by Country, 2023 - 2030, Tonnes
TABLE 28 Asia Pacific Others Market, by Country, 2019 - 2022, USD Million
TABLE 29 Asia Pacific Others Market, by Country, 2023 - 2030, USD Million
TABLE 30 Asia Pacific Others Market, by Country, 2019 - 2022, Tonnes
TABLE 31 Asia Pacific Others Market, by Country, 2023 - 2030, Tonnes
TABLE 32 Asia Pacific Vegan Chocolate Market, by Type, 2019 - 2022, USD Million
TABLE 33 Asia Pacific Vegan Chocolate Market, by Type, 2023 - 2030, USD Million
TABLE 34 Asia Pacific Vegan Chocolate Market, by Type, 2019 - 2022, Tonnes
TABLE 35 Asia Pacific Vegan Chocolate Market, by Type, 2023 - 2030, Tonnes
TABLE 36 Asia Pacific Dark Market, by Country, 2019 - 2022, USD Million
TABLE 37 Asia Pacific Dark Market, by Country, 2023 - 2030, USD Million
TABLE 38 Asia Pacific Dark Market, by Country, 2019 - 2022, Tonnes
TABLE 39 Asia Pacific Dark Market, by Country, 2023 - 2030, Tonnes
TABLE 40 Asia Pacific Milk Market, by Country, 2019 - 2022, USD Million
TABLE 41 Asia Pacific Milk Market, by Country, 2023 - 2030, USD Million
TABLE 42 Asia Pacific Milk Market, by Country, 2019 - 2022, Tonnes
TABLE 43 Asia Pacific Milk Market, by Country, 2023 - 2030, Tonnes
TABLE 44 Asia Pacific Others Market, by Country, 2019 - 2022, USD Million
TABLE 45 Asia Pacific Others Market, by Country, 2023 - 2030, USD Million
TABLE 46 Asia Pacific Others Market, by Country, 2019 - 2022, Tonnes
TABLE 47 Asia Pacific Others Market, by Country, 2023 - 2030, Tonnes
TABLE 48 Asia Pacific Vegan Chocolate Market, by Country, 2019 - 2022, USD Million
TABLE 49 Asia Pacific Vegan Chocolate Market, by Country, 2023 - 2030, USD Million
TABLE 50 Asia Pacific Vegan Chocolate Market, by Country, 2019 - 2022, Tonnes
TABLE 51 Asia Pacific Vegan Chocolate Market, by Country, 2023 - 2030, Tonnes
TABLE 52 China Vegan Chocolate Market, 2019 - 2022, USD Million
TABLE 53 China Vegan Chocolate Market, 2023 - 2030, USD Million
TABLE 54 China Vegan Chocolate Market, 2019 - 2022, Tonnes
TABLE 55 China Vegan Chocolate Market, 2023 - 2030, Tonnes
TABLE 56 China Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 57 China Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 58 China Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, Tonnes
TABLE 59 China Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, Tonnes
TABLE 60 China Vegan Chocolate Market, by Type, 2019 - 2022, USD Million
TABLE 61 China Vegan Chocolate Market, by Type, 2023 - 2030, USD Million
TABLE 62 China Vegan Chocolate Market, by Type, 2019 - 2022, Tonnes
TABLE 63 China Vegan Chocolate Market, by Type, 2023 - 2030, Tonnes
TABLE 64 Japan Vegan Chocolate Market, 2019 - 2022, USD Million
TABLE 65 Japan Vegan Chocolate Market, 2023 - 2030, USD Million
TABLE 66 Japan Vegan Chocolate Market, 2019 - 2022, Tonnes
TABLE 67 Japan Vegan Chocolate Market, 2023 - 2030, Tonnes
TABLE 68 Japan Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 69 Japan Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 70 Japan Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, Tonnes
TABLE 71 Japan Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, Tonnes
TABLE 72 Japan Vegan Chocolate Market, by Type, 2019 - 2022, USD Million
TABLE 73 Japan Vegan Chocolate Market, by Type, 2023 - 2030, USD Million
TABLE 74 Japan Vegan Chocolate Market, by Type, 2019 - 2022, Tonnes
TABLE 75 Japan Vegan Chocolate Market, by Type, 2023 - 2030, Tonnes
TABLE 76 India Vegan Chocolate Market, 2019 - 2022, USD Million
TABLE 77 India Vegan Chocolate Market, 2023 - 2030, USD Million
TABLE 78 India Vegan Chocolate Market, 2019 - 2022, Tonnes
TABLE 79 India Vegan Chocolate Market, 2023 - 2030, Tonnes
TABLE 80 India Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 81 India Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 82 India Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, Tonnes
TABLE 83 India Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, Tonnes
TABLE 84 India Vegan Chocolate Market, by Type, 2019 - 2022, USD Million
TABLE 85 India Vegan Chocolate Market, by Type, 2023 - 2030, USD Million
TABLE 86 India Vegan Chocolate Market, by Type, 2019 - 2022, Tonnes
TABLE 87 India Vegan Chocolate Market, by Type, 2023 - 2030, Tonnes
TABLE 88 South Korea Vegan Chocolate Market, 2019 - 2022, USD Million
TABLE 89 South Korea Vegan Chocolate Market, 2023 - 2030, USD Million
TABLE 90 South Korea Vegan Chocolate Market, 2019 - 2022, Tonnes
TABLE 91 South Korea Vegan Chocolate Market, 2023 - 2030, Tonnes
TABLE 92 South Korea Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 93 South Korea Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 94 South Korea Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, Tonnes
TABLE 95 South Korea Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, Tonnes
TABLE 96 South Korea Vegan Chocolate Market, by Type, 2019 - 2022, USD Million
TABLE 97 South Korea Vegan Chocolate Market, by Type, 2023 - 2030, USD Million
TABLE 98 South Korea Vegan Chocolate Market, by Type, 2019 - 2022, Tonnes
TABLE 99 South Korea Vegan Chocolate Market, by Type, 2023 - 2030, Tonnes
TABLE 100 Singapore Vegan Chocolate Market, 2019 - 2022, USD Million
TABLE 101 Singapore Vegan Chocolate Market, 2023 - 2030, USD Million
TABLE 102 Singapore Vegan Chocolate Market, 2019 - 2022, Tonnes
TABLE 103 Singapore Vegan Chocolate Market, 2023 - 2030, Tonnes
TABLE 104 Singapore Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 105 Singapore Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 106 Singapore Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, Tonnes
TABLE 107 Singapore Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, Tonnes
TABLE 108 Singapore Vegan Chocolate Market, by Type, 2019 - 2022, USD Million
TABLE 109 Singapore Vegan Chocolate Market, by Type, 2023 - 2030, USD Million
TABLE 110 Singapore Vegan Chocolate Market, by Type, 2019 - 2022, Tonnes
TABLE 111 Singapore Vegan Chocolate Market, by Type, 2023 - 2030, Tonnes
TABLE 112 Malaysia Vegan Chocolate Market, 2019 - 2022, USD Million
TABLE 113 Malaysia Vegan Chocolate Market, 2023 - 2030, USD Million
TABLE 114 Malaysia Vegan Chocolate Market, 2019 - 2022, Tonnes
TABLE 115 Malaysia Vegan Chocolate Market, 2023 - 2030, Tonnes
TABLE 116 Malaysia Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 117 Malaysia Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 118 Malaysia Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, Tonnes
TABLE 119 Malaysia Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, Tonnes
TABLE 120 Malaysia Vegan Chocolate Market, by Type, 2019 - 2022, USD Million
TABLE 121 Malaysia Vegan Chocolate Market, by Type, 2023 - 2030, USD Million
TABLE 122 Malaysia Vegan Chocolate Market, by Type, 2019 - 2022, Tonnes
TABLE 123 Malaysia Vegan Chocolate Market, by Type, 2023 - 2030, Tonnes
TABLE 124 Rest of Asia Pacific Vegan Chocolate Market, 2019 - 2022, USD Million
TABLE 125 Rest of Asia Pacific Vegan Chocolate Market, 2023 - 2030, USD Million
TABLE 126 Rest of Asia Pacific Vegan Chocolate Market, 2019 - 2022, Tonnes
TABLE 127 Rest of Asia Pacific Vegan Chocolate Market, 2023 - 2030, Tonnes
TABLE 128 Rest of Asia Pacific Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, USD Million
TABLE 129 Rest of Asia Pacific Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, USD Million
TABLE 130 Rest of Asia Pacific Vegan Chocolate Market, by Distribution Channel, 2019 - 2022, Tonnes
TABLE 131 Rest of Asia Pacific Vegan Chocolate Market, by Distribution Channel, 2023 - 2030, Tonnes
TABLE 132 Rest of Asia Pacific Vegan Chocolate Market, by Type, 2019 - 2022, USD Million
TABLE 133 Rest of Asia Pacific Vegan Chocolate Market, by Type, 2023 - 2030, USD Million
TABLE 134 Rest of Asia Pacific Vegan Chocolate Market, by Type, 2019 - 2022, Tonnes
TABLE 135 Rest of Asia Pacific Vegan Chocolate Market, by Type, 2023 - 2030, Tonnes
TABLE 136 Key Information -The Hershey Company
TABLE 137 Key Information - Nestle S.A
TABLE 138 key information - Mars, Inc.
TABLE 139 Key information - Alter Eco
TABLE 140 Key Information - Mondelez International, Inc.
TABLE 141 Key Information - The Barry Callebaut Group
TABLE 142 Key Information - Plamil Foods Ltd
TABLE 143 Key Information - Lindt & Sprungli AG
TABLE 144 Key Information - Ludwig Weinrich GmbH & Co. KG
TABLE 145 Key Information - Purdys Chocolatier

Asia Pacific 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