Confectionery

PUBLISHER: Persistence Market Research | PRODUCT CODE: 1446787

PUBLISHER: Persistence Market Research | PRODUCT CODE: 1446787

Vegan Confectionery Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

PUBLISHED: January 23, 2024

PAGES: 188 Pages

DELIVERY TIME: 2-5 business days

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Description

Persistence Market Research has recently released a detailed analysis of the Vegan Confectionery Market, presenting a comprehensive overview of key market dynamics, growth drivers, challenges, and emerging trends. This report offers valuable insights into the structure of the vegan confectionery market, providing exclusive data and statistics that forecast the market's growth trajectory from 2023 to 2030.

The global vegan confectionery market is forecast to expand at a CAGR of 7.9% and thereby increase from a value of US$1.7 Bn in 2023, to US$2.9 Bn by the end of 2030.

Key Insights:

Vegan Confectionery Market Size (2023): USD 1.7 billion
Projected Market Value (2030): USD 2.9 billion
Global Market Growth Rate (CAGR 2023 to 2030): 7.9%
Historical Market Growth Rate (CAGR 2018 to 2022): 7.2%

Vegan Confectionery Market - Report Scope:

The vegan confectionery market encompasses a wide range of plant-based sweets, chocolates, candies, and desserts, catering to the growing demand for cruelty-free and environmentally sustainable food options. This report provides a detailed analysis of the market, covering product segments, distribution channels, and regional trends. The market's growth is driven by increasing awareness of animal welfare, health consciousness, and a rising number of consumers adopting vegan and plant-based lifestyles. Manufacturers are responding with innovative formulations, ensuring that vegan confectionery products meet or exceed the taste and texture expectations of traditional confectionery.

Market Growth Drivers:

The Vegan Confectionery market is experiencing robust growth, primarily propelled by the rising adoption of plant-based diets and lifestyle choices. Consumers are increasingly seeking ethical and sustainable food options, driving demand for vegan confectionery products that align with their values. The market benefits from a growing awareness of environmental impact, animal welfare concerns, and health-conscious consumer preferences. Product innovations, such as dairy-free chocolates, gelatin-free gummies, and plant-based marshmallows, are further contributing to market expansion.

Market Restraints:

Despite the positive growth outlook, the Vegan Confectionery market faces challenges related to taste preferences, ingredient availability, and pricing. Achieving taste parity with traditional confectionery remains a hurdle, necessitating continuous research and development to enhance flavor profiles. Ingredient sourcing and availability also impact product formulations, and fluctuations in raw material costs can affect pricing, potentially limiting the affordability of vegan confectionery for some consumer segments.

Market Opportunities:

The Vegan Confectionery market presents significant opportunities for innovation and diversification. Manufacturers are investing in research and development to create new and exciting plant-based confectionery products, addressing taste challenges and expanding the variety of offerings. Partnerships with retailers, increased online availability, and marketing efforts focusing on the health and sustainability aspects of vegan confectionery are key strategies to capitalize on the growing market demand.

Key Questions Answered in the Report:

What factors are driving the growth of the Vegan Confectionery market?
How are taste preferences influencing product development and market acceptance?
What regions are witnessing the highest demand for vegan confectionery?
Who are the key players in the Vegan Confectionery market, and what are their strategies?
What are the main challenges and opportunities shaping the future of the vegan confectionery industry?

Competitive Landscape and Business Strategies:

Major players in the global Vegan Confectionery market, such as The Hershey Company, Mondelez International, Inc., and Nestle S.A., are focusing on product innovation and strategic partnerships. These companies are introducing new plant-based confectionery lines, collaborating with vegan influencers, and leveraging sustainable sourcing practices to enhance their market presence. Additionally, investments in marketing campaigns highlighting the ethical and environmental benefits of vegan confectionery contribute to building brand loyalty among consumers.

Key Companies Profiled:

Mondelez International
Nestle
Barry Callebaut
So Delicious Dairy Free
Hershey Company
Mars Incorporated
Kellogg Company
Taza Chocolate
Alter Eco
Freedom Confectionery
Dylan's Candy Bar
Endorfin
Goodio

Vegan Confectionery Market Research Segmentation:

By Products:

Vegan Chocolate Bars
Vegan Truffles
Vegan Gummies and Jellies
Vegan Marshmallows
Vegan Hard Candies
Vegan Licorice
Vegan Caramels
Vegan Fudge
Vegan Baked Goods
Vegan Puddings and Desserts
Vegan Chocolate Spreads

By Distribution Channel:

Food Service (HoReCa, Bakeries & Patisseries)
Airport Retail
Travel Retail (airplanes, Cruise ships)
Retail
Online Retailers

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33826

1. Executive Summary

1.1. Global Vegan Confectionery Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Product Lifecycle Analysis
2.4. Vegan Confectionery Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Vegan Confectionery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Vegan Confectionery Market Outlook: Product
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Product, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product, 2023 - 2030
  - 3.3.3.1. Vegan Chocolate Bars
  - 3.3.3.2. Vegan Truffles
  - 3.3.3.3. Vegan Gummies and Jellies
  - 3.3.3.4. Vegan Marshmallows
  - 3.3.3.5. Vegan Hard Candies
  - 3.3.3.6. Vegan Licorice
  - 3.3.3.7. Vegan Caramels
  - 3.3.3.8. Vegan Fudge
  - 3.3.3.9. Vegan Baked Goods
  - 3.3.3.10. Vegan Puddings and Desserts
  - 3.3.3.11. Vegan Chocolate Spreads
3.4. Market Attractiveness Analysis: Product
3.5. Global Vegan Confectionery Market Outlook: Distribution Channel
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Distribution Channel, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
  - 3.5.3.1. Food Service (HoReCa, Bakeries & Patisseries)
  - 3.5.3.2. Airport Retail
  - 3.5.3.3. Travel Retail (airplanes, Cruise ships)
  - 3.5.3.4. Retail
  - 3.5.3.5. Online Retailers
3.6. Market Attractiveness Analysis: Distribution Channel

4. Global Vegan Confectionery Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Vegan Confectionery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Product
- 5.3.3. By Distribution Channel
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product, 2023 - 2030
- 5.5.1. Vegan Chocolate Bars
- 5.5.2. Vegan Truffles
- 5.5.3. Vegan Gummies and Jellies
- 5.5.4. Vegan Marshmallows
- 5.5.5. Vegan Hard Candies
- 5.5.6. Vegan Licorice
- 5.5.7. Vegan Caramels
- 5.5.8. Vegan Fudge
- 5.5.9. Vegan Baked Goods
- 5.5.10. Vegan Puddings and Desserts
- 5.5.11. Vegan Chocolate Spreads
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 5.6.1. Food Service (HoReCa, Bakeries & Patisseries)
- 5.6.2. Airport Retail
- 5.6.3. Travel Retail (airplanes, Cruise ships)
- 5.6.4. Retail
- 5.6.5. Online Retailers
5.7. Market Attractiveness Analysis

6. Europe Vegan Confectionery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Product
- 6.3.3. By Distribution Channel
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product, 2023 - 2030
- 6.5.1. Vegan Chocolate Bars
- 6.5.2. Vegan Truffles
- 6.5.3. Vegan Gummies and Jellies
- 6.5.4. Vegan Marshmallows
- 6.5.5. Vegan Hard Candies
- 6.5.6. Vegan Licorice
- 6.5.7. Vegan Caramels
- 6.5.8. Vegan Fudge
- 6.5.9. Vegan Baked Goods
- 6.5.10. Vegan Puddings and Desserts
- 6.5.11. Vegan Chocolate Spreads
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 6.6.1. Food Service (HoReCa, Bakeries & Patisseries)
- 6.6.2. Airport Retail
- 6.6.3. Travel Retail (airplanes, Cruise ships)
- 6.6.4. Retail
- 6.6.5. Online Retailers
6.7. Market Attractiveness Analysis

7. East Asia Vegan Confectionery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Product
- 7.3.3. By Distribution Channel
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product, 2023 - 2030
- 7.5.1. Vegan Chocolate Bars
- 7.5.2. Vegan Truffles
- 7.5.3. Vegan Gummies and Jellies
- 7.5.4. Vegan Marshmallows
- 7.5.5. Vegan Hard Candies
- 7.5.6. Vegan Licorice
- 7.5.7. Vegan Caramels
- 7.5.8. Vegan Fudge
- 7.5.9. Vegan Baked Goods
- 7.5.10. Vegan Puddings and Desserts
- 7.5.11. Vegan Chocolate Spreads
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 7.6.1. Food Service (HoReCa, Bakeries & Patisseries)
- 7.6.2. Airport Retail
- 7.6.3. Travel Retail (airplanes, Cruise ships)
- 7.6.4. Retail
- 7.6.5. Online Retailers
7.7. Market Attractiveness Analysis

8. South Asia & Oceania Vegan Confectionery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Product
- 8.3.3. By Distribution Channel
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product, 2023 - 2030
- 8.5.1. Vegan Chocolate Bars
- 8.5.2. Vegan Truffles
- 8.5.3. Vegan Gummies and Jellies
- 8.5.4. Vegan Marshmallows
- 8.5.5. Vegan Hard Candies
- 8.5.6. Vegan Licorice
- 8.5.7. Vegan Caramels
- 8.5.8. Vegan Fudge
- 8.5.9. Vegan Baked Goods
- 8.5.10. Vegan Puddings and Desserts
- 8.5.11. Vegan Chocolate Spreads
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 8.6.1. Food Service (HoReCa, Bakeries & Patisseries)
- 8.6.2. Airport Retail
- 8.6.3. Travel Retail (airplanes, Cruise ships)
- 8.6.4. Retail
- 8.6.5. Online Retailers
8.7. Market Attractiveness Analysis

9. Latin America Vegan Confectionery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Product
- 9.3.3. By Distribution Channel
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product, 2023 - 2030
- 9.5.1. Vegan Chocolate Bars
- 9.5.2. Vegan Truffles
- 9.5.3. Vegan Gummies and Jellies
- 9.5.4. Vegan Marshmallows
- 9.5.5. Vegan Hard Candies
- 9.5.6. Vegan Licorice
- 9.5.7. Vegan Caramels
- 9.5.8. Vegan Fudge
- 9.5.9. Vegan Baked Goods
- 9.5.10. Vegan Puddings and Desserts
- 9.5.11. Vegan Chocolate Spreads
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 9.6.1. Food Service (HoReCa, Bakeries & Patisseries)
- 9.6.2. Airport Retail
- 9.6.3. Travel Retail (airplanes, Cruise ships)
- 9.6.4. Retail
- 9.6.5. Online Retailers
9.7. Market Attractiveness Analysis

10. Middle East & Africa Vegan Confectionery Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Product
- 10.3.3. By Distribution Channel
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product, 2023 - 2030
- 10.5.1. Vegan Chocolate Bars
- 10.5.2. Vegan Truffles
- 10.5.3. Vegan Gummies and Jellies
- 10.5.4. Vegan Marshmallows
- 10.5.5. Vegan Hard Candies
- 10.5.6. Vegan Licorice
- 10.5.7. Vegan Caramels
- 10.5.8. Vegan Fudge
- 10.5.9. Vegan Baked Goods
- 10.5.10. Vegan Puddings and Desserts
- 10.5.11. Vegan Chocolate Spreads
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channel, 2023 - 2030
- 10.6.1. Food Service (HoReCa, Bakeries & Patisseries)
- 10.6.2. Airport Retail
- 10.6.3. Travel Retail (airplanes, Cruise ships)
- 10.6.4. Retail
- 10.6.5. Online Retailers
10.7. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Analog IC
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Mondelez International
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Nestle
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Barry Callebaut
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. So Delicious Dairy Free
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. Hershey Company
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Mars Incorporated
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. Kellogg Company
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Taza Chocolate
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Alter Eco
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Freedom Confectionery
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy
- 11.3.11. Dylan's Candy Bar
  - 11.3.11.1. Overview
  - 11.3.11.2. Segments and Product
  - 11.3.11.3. Key Financials
  - 11.3.11.4. Market Developments
  - 11.3.11.5. Market Strategy
- 11.3.12. Endorfin
  - 11.3.12.1. Overview
  - 11.3.12.2. Segments and Product
  - 11.3.12.3. Key Financials
  - 11.3.12.4. Market Developments
  - 11.3.12.5. Market Strategy
- 11.3.13. Goodio
  - 11.3.13.1. Overview
  - 11.3.13.2. Segments and Product
  - 11.3.13.3. Key Financials
  - 11.3.13.4. Market Developments
  - 11.3.13.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations

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