Report ID: UCMIG30I2043
Report ID:
UCMIG30I2043 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Growing consumer acceptance of veganism, particularly among millennials and the working population, has fueled product demand. The COVID-19 pandemic had a negative impact on the market because of the lockdown imposed in most countries, which hampered the supply of cocoa around the world, resulting in less production and restricted sales. Artisanal and high-end chocolates, in particular, were in short supply. On the other hand, consumer stockpiling and a sudden surge in demand for chocolates may support market growth. Growing public awareness of animal cruelty and an increase in environmental protection campaigns are driving market growth. Rising cases of lactose intolerance and other food-related allergies among children and adults have influenced consumer food preferences in recent years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONThe market for Vegan Chocolate was estimated to be valued at US$ XX Mn in 2021.
The Vegan Chocolate Market is estimated to grow at a CAGR of XX% by 2028.
The Vegan Chocolate Market is segmented on the basis of Type, Application, Flavor, Region.
Based on region, the Vegan Chocolate Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Vegan Chocolate Market are Alter Eco, Chocolove, Eating Evolved, Endangered Species, Equal Exchange, Goodio, Hu Kitchen, Taza Chocolate, Theo Chocolate.
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Report ID: UCMIG30I2043