Vegan Confectionery Market

The global vegan confectionery market was valued at US$ 3.46 billion in 2023 and is projected to reach US$ 5.75 billion by 2030, at a CAGR of 7.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.​

Vegan Confectionery Market aims to provide a comprehensive presentation of the global market for Vegan Confectionery, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vegan Confectionery. Vegan Confectionery Market contains market size and forecasts of Vegan Confectionery in global, including the following market information:

• Global Vegan Confectionery Market Revenue, 2019-2024, 2025-2030, ($ millions)
• Global Vegan Confectionery Market Sales, 2019-2024, 2025-2030, (K Units)
• Global top five Vegan Confectionery companies in 2023 (%)

A range of vegan chocolate and sweets. All of the vegan confectionery is free of animal derived ingredients. The vegan confectionery market has experienced substantial growth over the past few years, reflecting the increasing consumer demand for plant-based and cruelty-free products. This shift is driven by a combination of health consciousness, environmental concerns, and ethical considerations.

Consumer Demographics:

• Age: Millennials (ages 25-40) and Generation Z (ages 18-24) are the primary consumers, accounting for 60% of the market share. These groups are more inclined towards adopting vegan lifestyles and prioritizing sustainability.
• Gender: Women constitute about 65% of the consumer base, as they tend to be more health-conscious and are often the primary decision-makers in household food purchases.
• Income Level: Higher-income households (earning above $75,000 annually) are more likely to purchase vegan confectionery products, as they have greater disposable income to spend on premium and niche products.

Geographical Insights:

• North America: This region holds the largest market share, with the United States leading the demand for vegan confectionery products. Approximately 35% of global sales are from North America.
• Europe: Europe is the second-largest market, driven by countries like the United Kingdom, Germany, and France. The European market accounts for about 30% of global sales.
• Asia-Pacific: This region is expected to witness the fastest growth, with a CAGR of 12% from 2021 to 2025. Rising health awareness and a growing middle-class population in countries like China, India, and Japan are key drivers.

Product Preferences:

• Chocolate: Vegan chocolates are the most popular segment, representing 45% of the total market share. Dark chocolate, in particular, is favored due to its health benefits.
• Candy: Vegan candies, including gummies and lollipops, account for 30% of the market. Brands are innovating with natural sweeteners and organic ingredients.
• Bakery Products: Vegan cakes, cookies, and pastries make up 25% of the market. These products are gaining traction in cafes and specialty stores.

Retail Channels:

• Supermarkets and Hypermarkets: These channels dominate sales, with 40% of the market share. The availability of vegan confectionery products in mainstream grocery stores has made them more accessible to consumers.
• Online Retail: Online sales are rapidly increasing, currently holding a 25% share. E-commerce platforms and direct-to-consumer models are popular among younger, tech-savvy consumers.
• Specialty Stores: Health food stores and vegan specialty shops account for 20% of sales, catering to dedicated vegan and health-conscious customers.
• Others: Convenience stores and other small retailers make up the remaining 15%.

Market Drivers:

• Health and Wellness Trends: Increasing awareness of the health benefits associated with a vegan diet is a major driver. Consumers are looking for products free from animal fats and high in plant-based nutrients.
• Environmental Concerns: The environmental impact of animal agriculture has led consumers to seek more sustainable options. Vegan confectionery, which often uses eco-friendly packaging and ingredients, appeals to environmentally conscious buyers.
• Ethical Considerations: Animal welfare concerns continue to drive the vegan movement. Consumers are choosing products that align with their ethical beliefs, avoiding those that involve animal exploitation.

Challenges:

• High Cost: Vegan confectionery products are often priced higher than their non-vegan counterparts, which can be a barrier for price-sensitive consumers.
• Limited Availability: Despite growing demand, vegan confectionery is still not as widely available as traditional products, especially in less urbanized areas.
• Taste and Texture: Some consumers are hesitant to switch due to perceived differences in taste and texture compared to conventional confectionery.

The vegan confectionery market is set for robust growth, driven by a combination of health, environmental, and ethical factors.

The global key manufacturers of Vegan Confectionery include Taza Chocolate, Alter Eco, Endangered Species Chocolate, LLC, Equal Exchange, Mondel?z International, Endorfin Foods, Goodio, Chocolate Inspirations and Eating Evolved, etc. in 2023, the global top five players have a share approximately % in terms of revenue.

We surveyed the Vegan Confectionery manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Vegan Confectionery Market, by Type, 2019-2024, 2025-2030 ($ Millions) & (K Units)

Global Vegan Confectionery Market Segment Percentages, by Type, 2023 (%)

• Chocolate
• Sugar
• Others

• Super market
• Retail Stores
• Specialty Outlets
• Others

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

• Key companies Vegan Confectionery revenues in global market, 2019-2024 (Estimated), ($ millions)
• Key companies Vegan Confectionery revenues share in global market, 2023 (%)
• Key companies Vegan Confectionery sales in global market, 2019-2024 (Estimated), (K Units)
• Key companies Vegan Confectionery sales share in global market, 2023 (%)

• Taza Chocolate
• Alter Eco
• Endangered Species Chocolate, LLC
• Equal Exchange
• Mondel?z International
• Endorfin Foods
• Goodio
• Chocolate Inspirations
• Eating Evolved
• Plamil Foods Ltd

Outline of Major Chapters:

Chapter 1: Introduces the definition of Vegan Confectionery, market overview.

Chapter 2: Global Vegan Confectionery market size in revenue and volume.

Chapter 3: Detailed analysis of Vegan Confectionery manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Vegan Confectionery in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Vegan Confectionery capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.