Published by TMR Research Insights
Posted on August 6, 2021
Vegan Chocolate Market: Introduction
As the name suggest vegan chocolate does not contain any ingredient derived from animals such as dairy product and dairy related products such as milk solids, milk fat, casein, and whey. Any chocolate whose ingredient comes under these parameters is a vegan chocolate. Vegan chocolate is entirely made from the plant-based ingredients, hence it is low in cholesterol and fat making it healthier than conventional chocolate. Vegan food is trending in the developed market which is driving the vegan chocolate market. However, the vegan food market is considered niche in the industry but the increase in the awareness of animal cruelty by the various animal right group have made vegan food popular which have resulted in an increase in a number of people who are turning vegan thus consolidating the market size and projecting it into the direction of the mainstream market.
Vegan Chocolate Market Segmentation
Vegan chocolate market is segmented on the basis of application, distribution channel, end-user and regions
On the basis of application, vegan chocolate can be segmented into-
Bakery segment includes vegan cookies, bread, vegan cake etc. made from vegan chocolate, while confectionary segment includes products like vegan chocolate candies or sweets. Beverage segment includes vegan chocolate shakes.
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On the basis of distribution channel, vegan chocolate market is segmented into
Online retailing is expected to register relatively higher growth in the vegan chocolate market over the forecast period. Increasing trend of online purchasing of products among youth is expected to support the segment growth over the forecast period.
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On the basis of end-users, vegan chocolate market is segmented into
Among all the segment household is expected to show higher value share in the forecast period owing to increase in consumer demand because of the trend of health and wellness in the food and beverage market.
Vegan chocolate Market Dynamics
Vegan food is perceived to be healthier than conventional food by the consumers, also the increase in the awareness towards animal cruelty in the dairy and meat industry and a greener environment are acting as a primary driver for the vegan chocolate market. Furthermore, researches indicate that the animal agriculture is one of the major cause of an increase in the emission of global greenhouse gases.
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The animal excrements emit gases which include nitrous oxide, methane, hydrogen sulfide, and ammonia. Hydrogen sulfide and ammonia poison the air while methane and nitrous oxide are the main contributors to global warming. Vegan chocolate is also used as an alternative to conventional chocolate by the lactose intolerant consumers. Launches of different vegan chocolate flavors is also driving the market. The restraint for the vegan chocolate market is higher pricing than the conventional chocolate.
Vegan chocolate Market Regional Outlook
Geographically vegan chocolate market is segmented into North America, Latin America, Europe, Asia-Pacific, Middle East and Africa.
Europe is expected to dominate the vegan chocolate market followed by North America in terms of value share in the forecasted period owing to increase in concern on animal ethics, health, and greener environment, also high disposable income, advanced technology, the presence of R&D centers along with manufacturing facilities. Asia-Pacific, Latin America, and Middle East and Africa shows moderate potential for vegan chocolate market and is estimated to show a moderate growth.
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Vegan Chocolate Key Players
Some of the regional players for the vegan chocolate market are Plamil Foods Ltd, Tofutti Brands, Kraft Foods Group Inc, Lindt & Sprüngli AG, Newmans Own Inc, Ludwig Weinrich GmbH & Co. KG., The WhiteWave Foods Company, The Hershey Company, Divine Chocolate Limited and other regional players.
Food-beverages-Industry battles Tangible Impact of Economic and Cultural changes, Stay Updated on the Latest Trends in food-beverages-market@
https://www.transparencymarketresearch.com/food-beverages-market-reports-4.html
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research
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Albany NY – 12207
United States
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Vegan Chocolate Market: Introduction
As the name suggest vegan chocolate does not contain any ingredient derived from animals such as dairy product and dairy related products such as milk solids, milk fat, casein, and whey. Any chocolate whose ingredient comes under these parameters is a vegan chocolate. Vegan chocolate is entirely made from the plant-based ingredients, hence it is low in cholesterol and fat making it healthier than conventional chocolate. Vegan food is trending in the developed market which is driving the vegan chocolate market. However, the vegan food market is considered niche in the industry but the increase in the awareness of animal cruelty by the various animal right group have made vegan food popular which have resulted in an increase in a number of people who are turning vegan thus consolidating the market size and projecting it into the direction of the mainstream market.
Vegan Chocolate Market Segmentation
Vegan chocolate market is segmented on the basis of application, distribution channel, end-user and regions
On the basis of application, vegan chocolate can be segmented into-
Bakery segment includes vegan cookies, bread, vegan cake etc. made from vegan chocolate, while confectionary segment includes products like vegan chocolate candies or sweets. Beverage segment includes vegan chocolate shakes.
Strong expertise with attention to detail makes our market research reports stand apart. Download PDF Brochure –
On the basis of distribution channel, vegan chocolate market is segmented into
Online retailing is expected to register relatively higher growth in the vegan chocolate market over the forecast period. Increasing trend of online purchasing of products among youth is expected to support the segment growth over the forecast period.
Request for Covid-19 Impact Analysis on Vegan Chocolate Market :
On the basis of end-users, vegan chocolate market is segmented into
Among all the segment household is expected to show higher value share in the forecast period owing to increase in consumer demand because of the trend of health and wellness in the food and beverage market.
Vegan chocolate Market Dynamics
Vegan food is perceived to be healthier than conventional food by the consumers, also the increase in the awareness towards animal cruelty in the dairy and meat industry and a greener environment are acting as a primary driver for the vegan chocolate market. Furthermore, researches indicate that the animal agriculture is one of the major cause of an increase in the emission of global greenhouse gases.
Buy our Premium Research Report on Vegan Chocolate Market @
The animal excrements emit gases which include nitrous oxide, methane, hydrogen sulfide, and ammonia. Hydrogen sulfide and ammonia poison the air while methane and nitrous oxide are the main contributors to global warming. Vegan chocolate is also used as an alternative to conventional chocolate by the lactose intolerant consumers. Launches of different vegan chocolate flavors is also driving the market. The restraint for the vegan chocolate market is higher pricing than the conventional chocolate.
Vegan chocolate Market Regional Outlook
Geographically vegan chocolate market is segmented into North America, Latin America, Europe, Asia-Pacific, Middle East and Africa.
Europe is expected to dominate the vegan chocolate market followed by North America in terms of value share in the forecasted period owing to increase in concern on animal ethics, health, and greener environment, also high disposable income, advanced technology, the presence of R&D centers along with manufacturing facilities. Asia-Pacific, Latin America, and Middle East and Africa shows moderate potential for vegan chocolate market and is estimated to show a moderate growth.
More Trending Reports by Transparency Market Research –
Vegan Chocolate Key Players
Some of the regional players for the vegan chocolate market are Plamil Foods Ltd, Tofutti Brands, Kraft Foods Group Inc, Lindt & Sprüngli AG, Newmans Own Inc, Ludwig Weinrich GmbH & Co. KG., The WhiteWave Foods Company, The Hershey Company, Divine Chocolate Limited and other regional players.
Food-beverages-Industry battles Tangible Impact of Economic and Cultural changes, Stay Updated on the Latest Trends in food-beverages-market@
https://www.transparencymarketresearch.com/food-beverages-market-reports-4.html
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com
