Vegan Confectionery Market Developments by 2031
Confectionery, also known as sweets or candy, is sweet food. In general, confectionery is divided into two broad and somewhat overlapping categories, bakers' confections and sugar confections. The growing trend of plant-based diet among the consumers has been widening the product's scope over the world. Vegan confectionery includes food products such as chocolate, sugar, and others, which are plant-based.
MARKET DYNAMICS
The exponentially growing acceptance of veganism over the world has fueled the growth of the vegan confectionery market. Furthermore, the increasing influence of social media sites, such as Facebook and Instagram, dedicated to vegan lifestyles and encouraging people to opt for a plant-based diet has contributed to market growth. Furthermore, the increased number of new product launches in the vegan confectionery industry has accelerated market growth. However, the high price associated with Vegan confectioneries is expected to hamper the vegan confectionery market's growth.
MARKET SCOPE
The "Global Vegan Confectionery Market Analysis to 2031" is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the vegan confectionery market with detailed market segmentation by product type and distribution channel. The global vegan confectionery market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading vegan confectionery market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global vegan confectionery market is segmented into product type and distribution channel. By product type, the vegan confectionery market is classified into Chocolate,Sugar, Others. By application, the vegan confectionery market is classified into Offline, Online, Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global vegan confectionery market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The vegan confectionery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the vegan confectionery market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the vegan confectionery market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global vegan confectionery market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The vegan confectionery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the vegan confectionery market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the vegan confectionery market in these regions.
MARKET PLAYERS
The report covers vital developments in the vegan confectionery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the vegan confectionery market are anticipated to lucrative growth opportunities in the future with the rising demand for vegan confectionery in the global market. Below mentioned is the list of few companies engaged in the vegan confectionery market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vegan confectionery market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Taza Chocolate
- Alter Eco
- Endangered Species Chocolate, LLC
- EQUAL EXCHANGE COOP
- Chocoladefabriken Lindt & Sprüngli AG
- Mondel- z International
- Dylan's Candy Bar
- Endorfin
- Goodio
- Freedom Confectionery
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Vegan Confectionery Market - By Product Type
1.3.2 Vegan Confectionery Market - By Distribution Channel
1.3.3 Vegan Confectionery Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VEGAN CONFECTIONERY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. VEGAN CONFECTIONERY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. VEGAN CONFECTIONERY MARKET - GLOBAL MARKET ANALYSIS
6.1. VEGAN CONFECTIONERY - GLOBAL MARKET OVERVIEW
6.2. VEGAN CONFECTIONERY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. VEGAN CONFECTIONERY MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. CHOCOLATE
7.3.1. Overview
7.3.2. Chocolate Market Forecast and Analysis
7.4. SUGAR
7.4.1. Overview
7.4.2. Sugar Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. VEGAN CONFECTIONERY MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. OFFLINE
8.3.1. Overview
8.3.2. Offline Market Forecast and Analysis
8.4. ONLINE
8.4.1. Overview
8.4.2. Online Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. VEGAN CONFECTIONERY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Vegan Confectionery Market Overview
9.1.2 North America Vegan Confectionery Market Forecasts and Analysis
9.1.3 North America Vegan Confectionery Market Forecasts and Analysis - By Product Type
9.1.4 North America Vegan Confectionery Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Vegan Confectionery Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Vegan Confectionery Market
9.1.5.1.1 Canada Vegan Confectionery Market by Product Type
9.1.5.1.2 Canada Vegan Confectionery Market by Distribution Channel
9.1.5.2 Mexico Vegan Confectionery Market
9.1.5.2.1 Mexico Vegan Confectionery Market by Product Type
9.1.5.2.2 Mexico Vegan Confectionery Market by Distribution Channel
9.1.5.3 US Vegan Confectionery Market
9.1.5.3.1 US Vegan Confectionery Market by Product Type
9.1.5.3.2 US Vegan Confectionery Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Vegan Confectionery Market Overview
9.2.2 Europe Vegan Confectionery Market Forecasts and Analysis
9.2.3 Europe Vegan Confectionery Market Forecasts and Analysis - By Product Type
9.2.4 Europe Vegan Confectionery Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Vegan Confectionery Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Vegan Confectionery Market
9.2.5.1.1 Germany Vegan Confectionery Market by Product Type
9.2.5.1.2 Germany Vegan Confectionery Market by Distribution Channel
9.2.5.2 France Vegan Confectionery Market
9.2.5.2.1 France Vegan Confectionery Market by Product Type
9.2.5.2.2 France Vegan Confectionery Market by Distribution Channel
9.2.5.3 Italy Vegan Confectionery Market
9.2.5.3.1 Italy Vegan Confectionery Market by Product Type
9.2.5.3.2 Italy Vegan Confectionery Market by Distribution Channel
9.2.5.4 United Kingdom Vegan Confectionery Market
9.2.5.4.1 United Kingdom Vegan Confectionery Market by Product Type
9.2.5.4.2 United Kingdom Vegan Confectionery Market by Distribution Channel
9.2.5.5 Russia Vegan Confectionery Market
9.2.5.5.1 Russia Vegan Confectionery Market by Product Type
9.2.5.5.2 Russia Vegan Confectionery Market by Distribution Channel
9.2.5.6 Rest of Europe Vegan Confectionery Market
9.2.5.6.1 Rest of Europe Vegan Confectionery Market by Product Type
9.2.5.6.2 Rest of Europe Vegan Confectionery Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Vegan Confectionery Market Overview
9.3.2 Asia-Pacific Vegan Confectionery Market Forecasts and Analysis
9.3.3 Asia-Pacific Vegan Confectionery Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Vegan Confectionery Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Vegan Confectionery Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Vegan Confectionery Market
9.3.5.1.1 Australia Vegan Confectionery Market by Product Type
9.3.5.1.2 Australia Vegan Confectionery Market by Distribution Channel
9.3.5.2 China Vegan Confectionery Market
9.3.5.2.1 China Vegan Confectionery Market by Product Type
9.3.5.2.2 China Vegan Confectionery Market by Distribution Channel
9.3.5.3 India Vegan Confectionery Market
9.3.5.3.1 India Vegan Confectionery Market by Product Type
9.3.5.3.2 India Vegan Confectionery Market by Distribution Channel
9.3.5.4 Japan Vegan Confectionery Market
9.3.5.4.1 Japan Vegan Confectionery Market by Product Type
9.3.5.4.2 Japan Vegan Confectionery Market by Distribution Channel
9.3.5.5 South Korea Vegan Confectionery Market
9.3.5.5.1 South Korea Vegan Confectionery Market by Product Type
9.3.5.5.2 South Korea Vegan Confectionery Market by Distribution Channel
9.3.5.6 Indonesia Vegan Confectionery Market
9.3.5.6.1 Indonesia Vegan Confectionery Market by Product Type
9.3.5.6.2 Indonesia Vegan Confectionery Market by Distribution Channel
9.3.5.7 Rest of Asia-Pacific Vegan Confectionery Market
9.3.5.7.1 Rest of Asia-Pacific Vegan Confectionery Market by Product Type
9.3.5.7.2 Rest of Asia-Pacific Vegan Confectionery Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Vegan Confectionery Market Overview
9.4.2 Middle East and Africa Vegan Confectionery Market Forecasts and Analysis
9.4.3 Middle East and Africa Vegan Confectionery Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Vegan Confectionery Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Vegan Confectionery Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Vegan Confectionery Market
9.4.5.1.1 South Africa Vegan Confectionery Market by Product Type
9.4.5.1.2 South Africa Vegan Confectionery Market by Distribution Channel
9.4.5.2 Saudi Arabia Vegan Confectionery Market
9.4.5.2.1 Saudi Arabia Vegan Confectionery Market by Product Type
9.4.5.2.2 Saudi Arabia Vegan Confectionery Market by Distribution Channel
9.4.5.3 U.A.E Vegan Confectionery Market
9.4.5.3.1 U.A.E Vegan Confectionery Market by Product Type
9.4.5.3.2 U.A.E Vegan Confectionery Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Vegan Confectionery Market
9.4.5.4.1 Rest of Middle East and Africa Vegan Confectionery Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Vegan Confectionery Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Vegan Confectionery Market Overview
9.5.2 South and Central America Vegan Confectionery Market Forecasts and Analysis
9.5.3 South and Central America Vegan Confectionery Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Vegan Confectionery Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Vegan Confectionery Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Vegan Confectionery Market
9.5.5.1.1 Brazil Vegan Confectionery Market by Product Type
9.5.5.1.2 Brazil Vegan Confectionery Market by Distribution Channel
9.5.5.2 Argentina Vegan Confectionery Market
9.5.5.2.1 Argentina Vegan Confectionery Market by Product Type
9.5.5.2.2 Argentina Vegan Confectionery Market by Distribution Channel
9.5.5.3 Rest of South and Central America Vegan Confectionery Market
9.5.5.3.1 Rest of South and Central America Vegan Confectionery Market by Product Type
9.5.5.3.2 Rest of South and Central America Vegan Confectionery Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. VEGAN CONFECTIONERY MARKET, KEY COMPANY PROFILES
11.1. ALTER ECO
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CHOCOLADEFABRIKEN LINDT AND SPRüNGLI AG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DYLAN'S CANDY BAR
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ENDANGERED SPECIES CHOCOLATE, LLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ENDORFIN
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. EQUAL EXCHANGE COOP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. FREEDOM CONFECTIONERY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. GOODIO
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MONDEL?Z INTERNATIONAL
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TAZA CHOCOLATE
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
11.11.
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Alter Eco
2. Chocoladefabriken Lindt and Sprüngli AG
3. Dylan's Candy Bar
4. Endangered Species Chocolate, LLC
5. Endorfin
6. EQUAL EXCHANGE COOP
7. Freedom Confectionery
8. Goodio
9. Mondel- z International
10. Taza Chocolate
11.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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