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Vegan Chocolate Market Share

Report ID: GMI7231
Published Date: Oct 2023
Report Format: PDF

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Vegan Chocolate Market Share

Some of the major market players operating in the Vegan Chocolate industry are:

Lindt
Hershey
GODIVA Chocolates
Lily's Sweets
Unreal Snacks
Alter Eco
Barry Callebaut
Nestle
Hu Kitchen
Endorfin Foods
Plamil Foods
Schmilk Chocolate
Taza Chocolate
Montezuma’s
Pascha Chocolate Co.

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Nestle, Hershey, and Lindt & Sprüngli are all major players in the global chocolate market. The Hershey Company is a multinational manufacturer and distributor of chocolate and non-chocolate confectionery. It is headquartered in Hershey, Pennsylvania, United States, and has operations in over 80 countries worldwide. The company was founded in 1894 by Milton S. Hershey and is one of the oldest and largest chocolate companies in the world. Hershey's portfolio of brands includes brands, such as Hershey's, Reese's, Kisses, Jolly Rancher, and Ice Breakers. The company also manufactures baked products, such as cookies and cakes, and sells beverages like milkshakes, as well as other products.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of vegan chocolate was USD 662.54 million in 2023 and is expected to reach USD 2.08 billion by 2032, due to the rising emergence of small-scale artisanal chocolatiers specializing in vegan products, and the growing availability of vegan chocolate in mainstream retail channels worldwide.

Vegan chocolate market from the dark chocolate type segment recorded USD 300.79 million in 2022 and is expected to register a significant CAGR from 2023-2032 due to its rich cocoa content and potential health benefits.

North America industry size for vegan chocolate reached USD 202.69 million in 2022 and is expected to witness a commendable CAGR from 2023-2032 owing to the presence of a strong consumer base that is actively seeking ethical and sustainable food options in the region.

Lindt, Hershey, GODIVA Chocolates, Lily's Sweets, Unreal Snacks, Alter Eco, Barry Callebaut, and Nestle, are some of the major vegan chocolate companies worldwide.