The global vegan chocolate market is anticipated to grow at a significant CAGR of 4.6% during the forecast period. Increasing demand for vegan products among the population, who are more concerned about their fitness and health is the major factor driving the growth of the vegan chocolate market across the globe. Vegan chocolates are high in proteins and contain low calories and fats which aids to lose weight. According to the World Health Organization (WHO), in 2019, an estimated 38.2 million children under the age of 5 years were overweight or obese and 39 million children under the age of 5 were overweight or obese in 2020. The increasing incidences of obesity have decreased the consumption of traditional chocolates as they contain processed sugar which increases the weight due to which the demand for vegan chocolate increases and led to the growth of the vegan chocolate market across the globe. 

Moreover, vegan chocolates also support boosting the immune system and regulate blood flow in the body which is also a major factor in the growth of the vegan chocolate market globally. Increased awareness regarding fitness and physical activity among people made them stop consuming traditional unhealthy chocolates and shift towards a healthy alternative which increases the demand for vegan chocolates in the market. Many companies expanded their production to fulfill the demand of consumers and to compete in the market which also contributes to the growth of the vegan chocolate market across the globe. For instance, in April 2022, Indian plant-based chocolate firm CARRA launched a dairy-free white chocolate bar, aiming to ‘plug the gaps in its portfolio to appeal to a wider consumer base. The firm started its plant-based portfolio with dark chocolates of which it now has 10 SKUs, then milk chocolates with two SKUs and now it has launched its white variant, lemon, and cranberry.

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Market Coverage

                 The market number available for – 2023-2031

                 Base year- 2023

                 Forecast period- 2024-2031

Segment Covered- 

·                  By Product Type

·                  By Flavour Type

·                  By Distribution Channel

Regions Covered-

                 North America

                 Europe

                 Asia-Pacific

                 Rest of the World

                 Competitive Landscape – Anhui Fuguang Life Technology Co. Ltd., BOROSIL, Hamilton Housewares Pvt. Ltd., Laken Productos Deportivos S.A., New Leaf Retail Technologies Pvt. Ltd. (Nestasia), and others.

Vegan Chocolate Market Report Segment

By Product Type

·        Dark

·        White

·        Other

By Flavour Type

·        Caramel

·        Brown Butter

·        Coconut Milk

·        Other Flavour

By Distribution Channel

·        Online 

·        Offline 

A full Report of Vegan Chocolate Market is Available @  https://www.omrglobal.com/industry-reports/vegan-chocolate-market

Vegan Chocolate Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

       Latin America

       Middle East and Africa 

Company Profiles 

                 Alfred Ritter GmbH & Co. KG (RITTER SPORT)

                 Alter Eco

                 Chocoladefabriken Lindt & Sprüngli AG

                 DIVINE CHOCOLATE LTD.

                 Endorfin Foods

                 Hu Master Holdings, LLC

                 Ludwig Weinrich GmbH & Co. KG

                 Mondel?z Global LLC 

                 Newman’s Own, Inc. 

                 Perfect Day, Inc.

                 Plamil Foods Ltd.

                 .Schmilk Chocolate By Chocolate Hollow, LLC

                 TCHO Ventures

                 The Hershey Co.

                 The Kraft Heinz Co.

                 Tofutti Brands, Inc.

                 VGAN Chocolate

                 World Preservation Foundation

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