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Vegan Confectionary Market Trends

Report ID: GMI6799
Published Date: Sep 2023
Report Format: PDF

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Vegan confectionary Market Trends

The vegan confectionery market has seen a proliferation of product varieties, including vegan chocolates, gummies, caramels, marshmallows, truffles, and more. This diversification caters to different taste preferences and dietary needs. Some vegan confectionery products incorporate functional ingredients like adaptogens, vitamins, and superfoods to align with health and wellness trends. Examples include vegan chocolates infused with herbs or antioxidants. Thus, the growing prevalence is expected to expedite the market progress.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Vegan confectionary industry size was USD 1.34 billion in 2023 and may reach USD 3.1 billion by the end of 2032 due to the jump in the number of vegans and vegetarians along with the substantial consumer demand for vegan-friendly food products.

Vegan confectionary industry size from the vegan chocolate segment recorded USD 0.5 billion in 2022 driven by rising consumer support for ethical and sustainable cocoa sourcing practices.

Vegan confectionary industry from the supermarkets and hypermarkets distribution channel segment is anticipated to observe 9.8% CAGR by 2032 owing to the high-quality services offered by these settings

U.S. vegan confectionary industry size was USD 0.4 billion in 2022 and may expand at significant pace from 2023-2032 driven by the surging number of vegans and vegetarians in the region