Global Vegan Confectionery Market

Vegan Confectionery Market Size, Share, Growth Analysis, By Product(Chocolate, Sugar, and Flour), By Distribution Channel(Online, and Offline), By Region - Industry Forecast 2025-2032


Report ID: SQMIG30I2319 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 62 | Figures: 80

Vegan Confectionery Market Regional Insights

The highest demand for vegan confectionery comes from North America, making it the largest region for market growth. There are a number of reasons why North America holds this position. One of these factors is a higher populace which has diverted to vegan diets due to the growing awareness of its benefits on the environment and human health. Other factors include the changing preferences towards plant-based products, supported by North America’s renowned health food and specialty sector. The US has greatly fueled the region’s dominance. The country owes this contribution to a majority of its population who have adopted vegan or vegetarian diets.

Though North America currently leads the market, the Asia-Pacific region is climbing the ladder quickly. A number of reasons can be credited for the APAC region’s rapid growth. These factors include diversifying consumer tastes and preferences, the rising level of awareness about this market’s ethical and health benefits, and an increasing population moving to urban areas. The vegan confectionery market grows further in the region due to nations like Japan, India, and China changing their preference to plant-based products. Another reason for these countries greatly contributing to the APAC region’s growth is their wide vegetarian population who favor sustainable items.

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Vegan Confectionery Market size was valued at USD 1.35 Billion in 2023 and is poised to grow from USD 1.48 Billion in 2024 to USD 3.17 Billion by 2032, growing at a CAGR of 9.9% during the forecast period (2025-2032).

The world is moving towards the consumption of dairy and cruelty-free products The vegan confectionery market’s participants are engaged in constant competition to meet this demand and gain a market share in the process. The key players in the market are targeting product innovation to improve its quality and diversify its variety with the use of sustainable techniques to ensure market growth. 'Unreal Candy (USA)', 'Veganz (Germany)', 'Loving Earth (Australia)', 'Go Max Go Foods (USA)', 'Moo Free Chocolates (UK)', 'Vantastic Foods (Germany)', 'Confeitaria Darte (Brazil)', 'Free From Fellows (UK)', 'NuGo Nutrition (USA)', 'iChoc (Germany)', 'Tofurky (USA) - Offers vegan confectionery as well', 'Bonvita (Netherlands)', 'The Vego Chocolate Company (Germany)', 'Pana Chocolate (Australia)', 'Cocomelody (USA)', 'Zimt Chocolates (Canada)', 'Naturally Sweet (Australia)', 'YumEarth (USA)', 'Wholesome Sweeteners (USA)', 'Sjaak's Organic Chocolates (USA)', 'Plamil Foods (UK)', 'Swoffle (USA)', 'No Whey Foods (USA)', 'Truffle Pig Chocolates (Canada)', 'Goupie (UK)'

The flavors and ingredients that have prevailed in the confectionery market up till now have changed drastically thanks to developments in food science. Confectioners are making huge R&D investments to add new flavors to their vegan treats while maintaining the same textural integrity of conventional sweets. Manufacturers are using inventive organic products like seeds, nuts, fruits, and more to develop a more expansive product range. These innovations and diverse methods are targeted to cater vegan and non-vegan consumers with new flavors and experiences, to broaden their consumer base.

Rise in Veganism and Plant-Based Diets: The global population is gradually moving to adopting plant-based diets due to the ongoing trend of veganism. Thus the vegan confectionery market has seen a surge in demand. This change in consumer preferences is a result of their awareness of the impact of their food choices on the health of the environment and themselves. The people are choosing vegan variants of traditional sweets as they understand the importance of animal welfare. In response to this trend, manufacturers have diverted to creating plant-based alternatives to their most popular treats like gummies, marshmallows, and chocolate. They use ingredients which are free of animal cruelty, dairy, and gluten to support consumer demand. Confectioners have brought in new recipes that can be suited to non-vegans and vegans. These products are manufactured using ethical practices, and are made with the emphasis on no alteration to taste or sensory feel.

The highest demand for vegan confectionery comes from North America, making it the largest region for market growth. There are a number of reasons why North America holds this position. One of these factors is a higher populace which has diverted to vegan diets due to the growing awareness of its benefits on the environment and human health. Other factors include the changing preferences towards plant-based products, supported by North America’s renowned health food and specialty sector. The US has greatly fueled the region’s dominance. The country owes this contribution to a majority of its population who have adopted vegan or vegetarian diets.

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Global Vegan Confectionery Market

Report ID: SQMIG30I2319

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