Vegan chocolates surge in demand, driven by animal welfare and health concerns, projected 14.30% CAGR from 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Vegan Chocolate Market”that contains information from 2018 to 2032.TheVegan Chocolate market is estimated to register a CAGR of 14.30 % during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Vegan Chocolate market—Chocoladefabriken Lindt & Sprüngli AG, Montezuma’s Direct Ltd., Alter Eco, Endorfin Foods, taza chocolate, Nestlé S.A., Barry Callebaut, Evolved Chocolate, MondelÄ“z International, Endangered Species Chocolate, LLC..

Market Highlights

The global Vegan Chocolate marketis accounted to register a CAGR of 14.30% during the forecast period and is estimated to reach USD 4.33 billion by 2032.

Vegan chocolates are becoming more widely available, and as a result, more people are buying them from specialized shops, internet retailers, and grocery stores. Amino acids, vitamins, minerals, and botanicals are among the ingredients included in the new vegan dark chocolate, which alleviate stress and other negative effects like insomnia. High-quality components found in vegan chocolates include soy milk, almond milk from plants, and coconut milk. The cost of production is higher due to the more expensive cost of the ingredients.

Segment Analysis

The global Vegan Chocolate markethas been segmented based chocolate type, product type and distribution channel.

On the basis of chocolate type, the market is segmented into Milk Chocolate & White Chocolate, Dark Chocolate and Other Types. The, dark chocolate segment was attributed to holding the largest market share in 2022 due to presence of rich antioxidants and various other health benefits.

Based on product type, the global Vegan Chocolate market has been segmented into Boxed Assortments, Countlines and Others. The Boxed assortments segment was expected to hold the largest market share in 2022 because they are popular among consumers owing to their convenient size.

Based on distribution channel, the global Vegan Chocolate market has been segmented into Supermarkets/Hypermarkets, Convenience stores, Online Stores and Other Distribution Channels. The supermarkets/hypermarkets segment was expected to hold the largest market share in 2022. This is due to a wide variety of brands and pricing options available in this sector.

Regional Analysis

The global Vegan Chocolate market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Vegan Chocolate market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Vegan Chocolate market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Vegan Chocolate market comprises of Middle East, Africa, and Latin America.

The largest market share for Vegan Chocolate was maintained by the North American regional sector.The demand for vegan food products, especially vegan chocolates, has increased as people become more aware of the health advantages of plant-based diets. Due to concerns about animal cruelty, environmental sustainability, and privacy nest, consumers in North America are adopting began food in greater numbers. As a healthier alternative to conventional chocolate products, this trend has increased demand for vegan chocolate. In addition, North American consumers favor products that reflect their moral principles.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for Vegan Chocolate is driven by rising environmental consciousness and the establishment of strict environmental legislation. Increasing availability of vegan chocolates, more people are purchasing them from specialized shops, internet retailers, and grocery stores.

Additionally, the Asia Pacific market would experience rapid growth. This is due to a number of factors, including a rise in consumer spending power, a change in dietary habits, and an increase in the number of vegans in the Asia Pacific region. To meet the increasing demand, chocolate producers and confectionery companies in the area have been aggressively creating and releasing such goods.

Furthermore, the rest of the world's Vegan Chocolate market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of vegan chocolates. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global Vegan Chocolate market is expected to reach USD 4.33 billion by 2032, at a CAGR of 14.30% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the increasing demand, chocolate producers and confectionery companies by government bodies through policies and initiatives.


• Based on distribution channel, the supermarkets/hypermarkets segment was expected to hold the largest market share in 2022.


• Chocoladefabriken Lindt & Sprüngli AG, Montezuma’s Direct Ltd., Alter Eco, Endorfin Foods, taza chocolate, Nestlé S.A., Barry Callebaut, Evolved Chocolate, MondelÄ“z International, Endangered Species Chocolate, LLC.