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 2028" 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 2020 to 2028 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 & Spr?ngli 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.