Vegan Chocolate Confectionery Market Analysis and Investment 2034
Global Vegan Chocolate Confectionery Market Growth, Size, Trends Analysis - By Product, By Type, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Sep-2025 | Report ID: FMCG25186 | Pages: 1 - 273 | Formats*: |
| Category : Consumer & Retail | |||
Global Vegan Chocolate Confectionery Market Introduction and Overview
According to SPER Market Research, the Global Vegan Chocolate Confectionery Market is estimated to reach USD 3350.56 million by 2034 with a CAGR of 15.24%.
The report includes an in-depth analysis of the Global Vegan Chocolate Confectionery Market, including market size and trends, product mix, Applications, and supplier analysis. The global market for vegan chocolate confectionery was valued at approximately 811.12 million in 2024, with a projected compound annual growth rate (CAGR) of 15.24% from 2025 to 2034. The growing vegan population across the globe, along with the increasing incidence of lactose intolerance among consumers, has opened significant growth opportunities for manufacturers of vegan chocolate products, including bars, truffles, and chocolate chips. Additionally, companies are adopting omnichannel strategies to enhance the visibility of vegan offerings, thereby raising substantial awareness among consumers about this market.
By Product Insights
In 2024, the segment that generated the most revenue share in the worldwide vegan chocolate confectionery market was moulded bars. Chocolate bars are the most popular form of chocolate, and this includes vegan options. Consumers are looking for quick, convenient, and healthier snack choices, making vegan chocolate bars appealing. Their availability and familiar packaging make them a favored option in retail shops, where brands emphasize their nutritional benefits. Companies are teaming up to create more nutritious and attractive products to enhance their market presence. The chips and bites segment is expected to grow the fastest from 2025 to 2034, as they are convenient and easy to portion. These snacks are particularly appealing to consumers who watch their calorie intake or prefer smaller snacks. They are also widely used in baking recipes such as cookies and muffins. As more individuals choose vegan and plant-based diets, the demand for vegan chocolate chips has increased, boosted by the rise in home baking.
By Type Insights
In 2024, the milk chocolate segment held a significant revenue share in the vegan chocolate industry. Vegan milk chocolate is made from plant-based ingredients like almonds or coconut milk and is free from dairy, making it suitable for people with lactose intolerance or milk allergies. Manufacturers are consistently innovating with new flavors and premium formulations, offering a variety of options such as salted caramel and fruit-infused versions. These diverse flavors meet changing consumer preferences, increasing the popularity of vegan milk chocolate. The dark chocolate segment is projected to experience the fastest growth during the forecast period due to its health benefits. Dark chocolate, especially those with higher cocoa content, is known for its antioxidant properties, which help reduce inflammation and improve heart health. Growing awareness about the effects of excessive sugar intake leads consumers to prefer products with less added sugar and more natural ingredients. Companies are responding with various forms of dark chocolate, including bars and truffles, to meet consumer needs.
By Distribution Channel Insights
The offline segment led revenue in the vegan chocolate market in 2024, driven by the rising demand for vegan products. Supermarkets and grocery stores are allocating more space to plant-based foods, including vegan chocolates. Major retailers are expanding their vegan chocolate selections, making it easier for consumers to find these products. In-store promotions, such as sampling and discounts, enhance product visibility and encourage impulse purchases. Conversely, the online segment is expected to grow rapidly from 2025 to 2034, fueled by increasing internet access and smartphone use. Online platforms offer a broader range of products and discounts, attracting more customers. Detailed product information and articles on usage further support sales in this channel.
Regional Insights
In 2024, the North American vegan chocolate confectionery market held a prominent share of global revenue. The continuous increase in the vegan population within regional markets, coupled with consumer demand for high-quality and low-sugar confectionery products, has contributed to market expansion. Vegan chocolate is increasingly viewed as a healthier alternative to traditional chocolates due to its lack of dairy ingredients, making it appealing to individuals who are lactose intolerant, have dairy allergies, or wish to lower their sugar or fat consumption.
Market Competitive Landscape
Key players in the Vegan Chocolate Confectionery Market are striving for a competitive edge by capitalizing on their established brand presence and distribution networks. These industry frontrunners invest significantly in research and development to broaden their product ranges and meet changing consumer preferences. Leading companies in the Vegan Chocolate Confectionery Market emphasize sustainability and transparency within their supply chains to resonate with ethical consumer values. Market growth is propelled by the introduction of new products, strategic partnerships, and acquisitions, as businesses aim to fortify their market positions.
Recent Developments:
Galaxy's new Hazelnut Praline dairy-free chocolate bar, which has a smooth, vegan and gluten-free chocolate shell around a creamy praline centre, was first available in UK stores in January 2025.
In January 2025, the British luxury chocolate brand Montezuma’s introduced "Viva Las Vegan," a new selection of vegan truffles designed for indulgence in anticipation of Valentine’s Day, showcasing rich, dairy-free flavors.
In March 2023, Hershey Co. launched new vegan chocolates, specifically Reese's Plant-Based Peanut Butter Cups and Hershey's Plant-Based Extra Creamy with Almonds and Sea Salt, aimed at vegan chocolate consumers in the United States.
In January 2023, Moon Magic, a vegan chocolate company based in the U.S., introduced its range of no-added-sugar vegan milk chocolate bars. This new product contains only 117 calories and 2g of sugar derived from oat milk.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By Type, By Distribution Channel |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Taza Chocolate, Alter Eco Foods, Endangered Species Chocolate, Equal Exchange, ENDORFIN FOODS, Chocoladefabriken Lindt & Sprüngli AG, Mondelēz International, Goodio, No Whey Chocolate, Montezuma's Chocolate. |
Key Topics Covered in the Report
- Global Vegan Chocolate Confectionery Market Size (FY’2021-FY’2034)
- Overview of Global Vegan Chocolate Confectionery Market
- Segmentation of Global Vegan Chocolate Confectionery Market By Product (Molded Bars, Boxed, Chips & Bites, Truffles & Cups)
- Segmentation of Global Vegan Chocolate Confectionery Market By Type (Dark, Milk, White)
- Segmentation of Global Vegan Chocolate Confectionery Market By Distribution Channel (Offline, Online)
- Statistical Snap of Global Vegan Chocolate Confectionery Market
- Expansion Analysis of Global Vegan Chocolate Confectionery Market
- Problems and Obstacles in Global Vegan Chocolate Confectionery Market
- Competitive Landscape in the Global Vegan Chocolate Confectionery Market
- Details on Current Investment in Global Vegan Chocolate Confectionery Market
- Competitive Analysis of Global Vegan Chocolate Confectionery Market
- Prominent Players in the Global Vegan Chocolate Confectionery Market
- SWOT Analysis of Global Vegan Chocolate Confectionery Market
- Global Vegan Chocolate Confectionery Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Vegan Chocolate Confectionery Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Vegan Chocolate Confectionery Market
7.Global Vegan Chocolate Confectionery Market, By Product (USD Million) 2021-2034
7.1.Boxed7.2.Molded Bars7.3.Chips & Bites7.4.Truffles & Cups
8.Global Vegan Chocolate Confectionery Market, By Type (USD Million) 2021-2034
8.1.Dark8.2.Milk8.3.White
9.Global Vegan Chocolate Confectionery Market, By Distribution Channel (USD Million) 2021-2034
9.1.Offline9.2.Online
10.Global Vegan Chocolate Confectionery Market, (USD Million) 2021-2034
10.1.Global Vegan Chocolate Confectionery Market Size and Market Share
11.Global Vegan Chocolate Confectionery Market, By Region, (USD Million) 2021-2034
11.1.Asia-Pacific
11.1.1.Australia11.1.2.China11.1.3.India11.1.4.Japan11.1.5.South Korea11.1.6.Rest of Asia-Pacific
11.2.Europe
11.2.1.France11.2.2.Germany11.2.3.Italy11.2.4.Spain11.2.5.United Kingdom11.2.6.Rest of Europe
11.3.Middle East and Africa
11.3.1.Kingdom of Saudi Arabia11.3.2.United Arab Emirates11.3.3.Qatar11.3.4.South Africa11.3.5.Egypt11.3.6.Morocco11.3.7.Nigeria11.3.8.Rest of Middle-East and Africa
11.4.North America
11.4.1.Canada11.4.2.Mexico11.4.3.United States
11.5.Latin America
11.5.1.Argentina11.5.2.Brazil11.5.3.Rest of Latin America
12.Company Profile
12.1.Taza Chocolate
12.1.1.Company details12.1.2.Financial outlook12.1.3.Product summary12.1.4.Recent developments
12.2.Alter Eco Foods
12.2.1.Company details12.2.2.Financial outlook12.2.3.Product summary12.2.4.Recent developments
12.3.Endangered Species Chocolate
12.3.1.Company details12.3.2.Financial outlook12.3.3.Product summary12.3.4.Recent developments
12.4.Equal Exchange
12.4.1.Company details12.4.2.Financial outlook12.4.3.Product summary12.4.4.Recent developments
12.5.ENDORFIN FOODS
12.5.1.Company details12.5.2.Financial outlook12.5.3.Product summary12.5.4.Recent developments
12.6.Chocoladefabriken Lindt & Sprüngli AG
12.6.1.Company details12.6.2.Financial outlook12.6.3.Product summary12.6.4.Recent developments
12.7.Mondelēz International
12.7.1.Company details12.7.2.Financial outlook12.7.3.Product summary12.7.4.Recent developments
12.8.Goodio
12.8.1.Company details12.8.2.Financial outlook12.8.3.Product summary12.8.4.Recent developments
12.9.No Whey Chocolate
12.9.1.Company details12.9.2.Financial outlook12.9.3.Product summary12.9.4.Recent developments
12.10.Montezuma's Chocolate
12.10.1.Company details12.10.2.Financial outlook12.10.3.Product summary12.10.4.Recent developments
12.11.Others
13.Conclusion
14.List of Abbreviations
15.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Vegan Chocolate Confectionery Market is projected to reach USD 3350.56 million by 2034, growing at a CAGR of 15.24% during the forecast period.
Vegan Chocolate Confectionery Market size from 2025. The Market is expected to reach USD 3350.56 million by 2034, at a CAGR of 15.24% during the forecast period.
Vegan Chocolate Confectionery Market CAGR of 15.24% during the forecast period.
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Vegan Chocolate Confectionery Market size is USD 3350.56 million from 2025 to 2034.
Vegan Chocolate Confectionery Market covered By Product, By Type, By Distribution Channel
The North America is anticipated to have the highest Market share in the Vegan Chocolate Confectionery Market.
Taza Chocolate, Alter Eco Foods, Endangered Species Chocolate, Equal Exchange, ENDORFIN FOODS, Chocoladefabriken Lindt & Sprüngli AG, Mondelēz International, Goodio, No Whey Chocolate, Montezuma's Chocolate.
The report includes an in-depth analysis of the Global Vegan Chocolate Confectionery Market, including market size and trends, product mix, Applications, and supplier analysis.
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