The global demand for Vegan Confectionery Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Vegan confectionery is any confectionery that is made without ingredients that come from animals. They are quite rich in dietary essentials since they do not contain animal ingredients. Several benefits include ranging form peace of mind and personal ethical standards, to significant health benefits such as minerals and vitamins, antioxidants, and improved heart health.
Escalating acceptance of veganism as a concern about animals, personal health, and the planet is estimated to drive the growth of the vegan confectionery market. Increased risk of consuming animal food has brought inclination to a plant-based diet. Around 350,000 people signed up to take part in Veganuary, which is 100,000 more than last year; it’s abundantly clear that veganism is on the rise. Recognizing growth, the industry has been expanding years, both small and large food firms are entering the market and offering a wide range of products. Players are coming up with a robust variety of products.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of vegan confectionery.
The entire vegan confectionery market has been sub-categorized into product and distribution channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Distribution Channel
This section covers regional segmentation which accentuates on current and future demand for vegan confectionery market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Vegan Confectionery Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the vegan confectionery market include Taza Chocolate, Alter Eco, Endangered Species Chocolate, LLC, Equal Exchange Coop, Chocoladefabriken Lindt & Sprüngli AG, Mondelēz International, Dylan's Candy Bar, Endorfin, Goodio, Freedom Confectionery, Creative Natural Products, Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.