Vegan Chocolate Market Outlook for 2023 to 2033

The vegan chocolate market valuation is likely to be valued at US$ 1,233.9 million in 2023. The market is predicted to grow at a CAGR of 11.9% from 2023 to 2033. The size of the vegan chocolate market is expected to reach US$ 3,814.2 million by 2033.

Vegan Chocolate Market Analysis and Insights

  • With the increasing vegan population, demand for various vegan food products, including vegan chocolate, is also growing.
  • Producers of vegan chocolates are also making sure consumers have a similar variety to traditional chocolate. Thus, the production of different types of vegan chocolates, such as dark vegan chocolate, vanilla vegan chocolate, vegan cookies, etc., is being stepped up.
  • Manufacturers of vegan chocolate are also making sugar-free products. The vegan chocolate market targets lactose intolerant and vegan consumers who do not intake sugar.
  • Brands in the vegan chocolate industry focus on sustainability and thus produce chocolates from organic and natural sources. They are also emphasizing sustainable packaging methods.
Attributes Details
Vegan Chocolate Market Value, 2023 US$ 1,233.9 million
Projected Market Value, 2033 US$ 3,814.2 million
Value-based CAGR, 2023 to 2033 11.9%

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Historical Analysis of the Vegan Chocolate Market from 2018 to 2022

The value of the vegan chocolate market in 2018 was US$ 681.34 million. The market grew at a CAGR of 13% over the historical period from 2018 to 2022.

The number of people turning to veganism accelerated immensely over the historical period. Countries like the United States, the United Kingdom, and Germany saw a rise in the number of people aiming to reduce meat intake. Consequently, the popularity of plant-based products increased significantly. By the end of the historical period, the market size reached US$ 1,110.9 million.

Attributes Details
Vegan Chocolate Market Value, 2018 US$ 681.34 million
Vegan Chocolate Market Value, 2022 US$ 1,110.9 million
Historical CAGR, 2018 to 2022 13%

Long-term Analysis of the Vegan Chocolate Market from 2023 to 2033

In 2023, the vegan chocolate market valuation is US$ 1,233.9 million. The market is forecasted to grow at an impressive CAGR of 11.9% from 2023 to 2033.

Awareness is growing among people of the benefits of switching to plant-based diets. Chocolate manufacturers are expected to hop on the vegan trend by expanding their product lines to include vegan chocolates, offering diverse flavors. Differing forms and tastes of vegan chocolate are tipped to keep sales of the product as well as customer retention high.

Organic and sustainable food product trends are predicted to rise over the forecast period. The number of people turning away from sugar consumption is also expected to increase. Brands in the vegan chocolate industry are predicted to keep pace by offering sustainable and sugar-free products. The demand for vegan chocolates is predicted to reach US$ 3,814.2 million by the end of the forecast period.

Trends in the Vegan Chocolate Market

  • Adoption of veganism is especially higher among the younger generation, which acts as a customer base driving the market.
  • Vegan chocolates are generally more expensive than traditional chocolates. However, the vegan crowd's commitment to veganism ensures price is not a huge stumbling block for the market. The increasing disposable income makes the younger generation likely to buy vegan chocolates, even if the price is high.
  • Nut-based chocolates are higher in demand. Nearly three-quarters of all consumers prefer nuts in chocolates. Vegan chocolates prepared with nuts such as almonds, macadamias, and pecans are thus gaining popularity.
  • As children make up a huge section of the consumer base for chocolates, brands are choosing attractive packaging methods. Chocolates are paired with toys to appeal to children. In line with the plant-based nature of vegan chocolates, the toys are often made from recyclable and sustainable materials.
  • Companies in the market are investing in technology further to improve the taste and flavor of vegan chocolates.
  • Rising health consciousness among the younger generation is also stimulating the market demand. Vegan chocolates are considered healthier than traditional chocolates. Brands are also launching sugar-free chocolates to appeal further to the health enthusiast crowd. Thus, vegan chocolates are emerging as a healthier alternative to traditional chocolates.
  • Demand for artisanal chocolates is growing as a personal touch is added to the product. Artisanal or hand-made vegan chocolates are also being produced in line with this trend.
Nandini Roy Choudhury
Nandini Roy Choudhury

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Comparative View of Adjacent Markets

The section below provides a comparative analysis of three interrelated markets: the vegan chocolate market, the vegan yogurt market, and the vegan marshmallows market.

The rise in the vegan population boosts the vegan food industry. Vegan consumers are eager to consume sweets and desserts just as much as the non-vegan ones. Thus, the demand for sweets and desserts made from vegan sources is expected to increase during the forecast period.

Vegan Chocolate Market:

Attributes Vegan Chocolate Market
Value-based CAGR (2023 to 2033) 11.9%
Projected Market Value (2033) US$ 3,814.2 million
Market Trends
  • Nut-based chocolates are becoming more common
  • Vegan chocolates packaged with toys
Growth Factors
  • Increasing vegan population
  • Greater variety among the products

Vegan Yogurt Market:

Attributes Vegan Yogurt Market
Value-based CAGR (2023 to 2033) 5.8%
Projected Market Value (2033) US$ 11.7 billion
Market Trends
  • Experiments in vegan yogurts that help improve quality
Restraints
  • Lack of knowledge about vegan yogurts leads to confusion
Growth Factors
  • Vegan yogurts are linked with health benefits

Vegan Marshmallows Market:

Attributes Vegan Marshmallows Market
Value-based CAGR (2023 to 2033) 9.8%
Projected Market Value (2033) US$ 172.6 million
Market Trends
  • Different flavors of vegan marshmallows attract consumers
  • Sour vegan marshmallows offer a unique taste to consumers
Growth Factors
  • Incorporation of vegan marshmallows into different treats
  • Plant-based products finding increasing acceptance

Category-wise Insights

The vegan chocolate market can be split up into two segments: product types and form. By looking at the segments, the preference of the consumers in the way vegan chocolates are consumed can be observed.

Dark Vegan Chocolate Entices Consumers

Attributes Details
Top Product Type Dark Chocolate
Market Share in 2023 68.4%

Consumers highly prefer the bitter taste of dark chocolate. The dark chocolate segment accounts for a share of 68.4% of the market by product type. Consumers are increasingly moving away from sugary sweet chocolates. Certain health benefits associated with dark chocolate, such as fighting against the risk of heart conditions and Alzheimer's, have enhanced its sales.

Consumers Prefer Vegan Chocolate in Bar Form

Attributes Details
Top Form Bars
Market Share in 2023 74.4%

Bars are the leading form in which vegan chocolates are consumed. In 2023, bars dominate the market share by form, holding a share of 74.4%.

The popularity of chocolate bars remains evergreen. The trend of healthy chocolate bars is also contributing to the market’s growth.

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Country-Wise Insights

Countries CAGR (2023 to 2023)
United States 11.0%
Germany 5.5%
Japan 14.8%
China 6.3%
Australia 12.5%

The vegan movement is growing its foothold all over the world. Thus, the scope of the market for vegan chocolate is increasing with time. However, certain countries/regions constitute the major share of the market revenue.

North America, Europe, and the Asia Pacific dominate the market. The rising vegan trend in Europe and North America is aiding the demand for vegan chocolates. The increasing population in Asia Pacific aids the growth of the market.

Presence of Big Vegan Chocolate Brands Propelling the Market in the United States

Several people in the United States have a huge appetite for chocolates. Vegan chocolate is also being consumed in large quantities. The United States market accounts for a significant 31.5% of the market share.

American brands like The Hershey Company and Mars, Inc. are giants in the chocolate industry. The portfolios of brands are being expanded to appeal to the vegan population. For example, in June 2022, Mars, Inc. entered the vegan chocolate market by launching its animal-free and lactose-free CO2COA bar.

Online Channels Boost the Market in China

The Chinese market holds 13.6% of the market share in 2023. Online platforms are aiding the sale of vegan chocolate in China. The vegan population can access chocolates from local and multinational brands online. The online channel is also aiding companies in the Western sphere to expand into China.

Western brands are taking advantage of the rising demand for vegan chocolates in China by launching new products in the country.

For example, in 2019, the German vegan chocolate brand Nu Company entered the Chinese market, rebranding itself as Nuchoc in China.

Nut-based Vegan Chocolates Driving the Market in Germany

Europe has a long tradition of chocolate-making and consumption. Chocolate is also a part of many traditions in the region. The vegan chocolate industry is enjoying the benefits of the European people undertaking vegan diets. Germany is one of the leading countries in Europe for vegan chocolates. Germany holds a 9.4% share of the market in 2023.

Germany has a large consumer base that prefers chocolates as a snack. More than 30% of all Germans enjoy chocolate as a relaxing food. The significant German consumer base is also favoring nut-based chocolates. Players in the German market are taking advantage of the Germans’ preference for nut-based chocolates.

For example, Alfred Ritter GmbH & Co. KG offers the Halbbitter-Schokolade Mandel Quinoa vegan chocolate, which has a mix of quinoa and almonds.

Competitive Landscape in the Vegan Chocolate Market

The potential of the vegan chocolate industry is luring multinational chocolate brands. Recognized chocolate brands like Nestlé S.A. and The Hershey Company have entered the market. However, brands that focus solely on vegan chocolates are also thriving.

With the aid of technological advancement, the quality of vegan chocolate is being improved. Technological investments have enabled manufacturers to experiment with tastes and flavors.

Recent Developments in the Vegan Chocolate Market

  • In October 2023, Smoothie King launched the Açai Cocoa Haze and Coco Pitaya-Yah smoothie bowls. Both contain vegan and dairy-free chocolate.
  • Also in October 2023, British brand Spellbound launched a range of four chocolate products. The gluten-free, vegan chocolate products boast various benefits like helping digestion and reducing stress.
  • In September 2023, Mummy Meegz collaborated with the sustainable packaging brand Parkside. Through the collaboration, Mummy Meegz’s oat milk and white chocolate product lines now come with sustainable packaging.
  • In January 2020, the German brand Vego expanded into the United States market. The brand partnered with Frederick Export to make its products available in the United States.

Vegan Chocolate Market Key Players

  • Mondelez International
  • The Hershey Company
  • Schmilk Chocolate (Chocolate Hollow, LLC)
  • Lindt & Sprüngli
  • Ritter Sport
  • Hu Chocolate
  • Alter Eco
  • TCHO
  • Endorfin Foods
  • Sjaak’s VGAN Chocolates
  • Divine Treasures LLC
  • Equal Exchange COOP
  • No Whey Chocolate
  • Others

Key Segments

By Product Type:

  • Raw Chocolate
  • White Chocolate
  • Dark Chocolate
  • Others

By Form:

  • Blended
  • Cookies
  • Bars
  • Granules
  • Liquid
  • Powder
  • Whole
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa (MEA)

Frequently Asked Questions

What is the Market Vegan Chocolate Size?

In 2023, the size of the vegan chocolate market is estimated to be US$ 1,233.9 million.

What are the Current Trends in the Vegan Chocolate Market?

Artisanal chocolates and chocolates packaged with toys are two of the trends in vegan chocolate.

What is the Future of the Vegan Chocolate Market?

The vegan chocolate market is expected to progress at a remarkable CAGR of 11.9% during the period from 2023 to 2033.

What is the Projected Vegan Chocolate Market Size by 2033?

By 2033, the size of the vegan chocolate market is forecasted to reach US$ 3,814.2 million.

Who are the Prominent Players in the Vegan Chocolate Market?

Mondelez International, The Hershey Company, Schmilk Chocolate (Chocolate Hollow, LLC), and Lindt & Sprüngli are some of the prominent players in the vegan chocolate market.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Product Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Product Type, 2023 to 2033

        5.3.1. Raw Chocolate

        5.3.2. White Chocolate

        5.3.3. Dark Chocolate

        5.3.4. Others

    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Flavor

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Flavor, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Flavor, 2023 to 2033

        6.3.1. Unflavored

        6.3.2. Flavored

    6.4. Y-o-Y Growth Trend Analysis By Flavor, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Flavor, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Form

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Product Form, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Product Form, 2023 to 2033

        7.3.1. Bars

        7.3.2. Blended

        7.3.3. Cookies

        7.3.4. Granules

        7.3.5. Liquid

        7.3.6. Powder

        7.3.7. Whole

        7.3.8. Others

    7.4. Y-o-Y Growth Trend Analysis By Product Form, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Product Form, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Application, 2018 to 2022

    8.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Application, 2023 to 2033

        8.3.1. Baking Mixes

        8.3.2. Snack Bars & Cereals

        8.3.3. Candy, Chocolate & Gums

        8.3.4. Cocoa Chips & Cookies

        8.3.5. Coffee

        8.3.6. Dairy & Desserts

        8.3.7. Dietary Supplements

        8.3.8. Ice Cream & Shake Mix

        8.3.9. Condiments, Sauces & Spreads

        8.3.10. Sports Bars & Nutrition

        8.3.11. Others

    8.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    8.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel

    9.1. Introduction / Key Findings

    9.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Sales Channel, 2018 to 2022

    9.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Sales Channel, 2023 to 2033

        9.3.1. B2B / HoReCa

        9.3.2. B2C

            9.3.2.1. Hypermarkets /Supermarkets

            9.3.2.2. Convenience Stores

            9.3.2.3. Mom and Pop Stores

            9.3.2.4. Discount Stores

            9.3.2.5. Food Specialty Stores

            9.3.2.6. Independent Small Groceries

            9.3.2.7. Online Retail

            9.3.2.8. Others Retail Formats

    9.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022

    9.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033

10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    10.1. Introduction

    10.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Region, 2018 to 2022

    10.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Region, 2023 to 2033

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Western Europe

        10.3.4. Eastern Europe

        10.3.5. South Asia and Pacific

        10.3.6. East Asia

        10.3.7. Middle East and Africa

    10.4. Market Attractiveness Analysis By Region

11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. The USA

            11.2.1.2. Canada

        11.2.2. By Product Type

        11.2.3. By Flavor

        11.2.4. By Product Form

        11.2.5. By Application

        11.2.6. By Sales Channel

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Product Type

        11.3.3. By Flavor

        11.3.4. By Product Form

        11.3.5. By Application

        11.3.6. By Sales Channel

    11.4. Key Takeaways

12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. Brazil

            12.2.1.2. Mexico

            12.2.1.3. Rest of Latin America

        12.2.2. By Product Type

        12.2.3. By Flavor

        12.2.4. By Product Form

        12.2.5. By Application

        12.2.6. By Sales Channel

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Product Type

        12.3.3. By Flavor

        12.3.4. By Product Form

        12.3.5. By Application

        12.3.6. By Sales Channel

    12.4. Key Takeaways

13. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. Germany

            13.2.1.2. United Kingdom

            13.2.1.3. France

            13.2.1.4. Spain

            13.2.1.5. Italy

            13.2.1.6. Rest of Western Europe

        13.2.2. By Product Type

        13.2.3. By Flavor

        13.2.4. By Product Form

        13.2.5. By Application

        13.2.6. By Sales Channel

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Product Type

        13.3.3. By Flavor

        13.3.4. By Product Form

        13.3.5. By Application

        13.3.6. By Sales Channel

    13.4. Key Takeaways

14. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. Poland

            14.2.1.2. Russia

            14.2.1.3. Czech Republic

            14.2.1.4. Romania

            14.2.1.5. Rest of Eastern Europe

        14.2.2. By Product Type

        14.2.3. By Flavor

        14.2.4. By Product Form

        14.2.5. By Application

        14.2.6. By Sales Channel

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Product Type

        14.3.3. By Flavor

        14.3.4. By Product Form

        14.3.5. By Application

        14.3.6. By Sales Channel

    14.4. Key Takeaways

15. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. India

            15.2.1.2. Bangladesh

            15.2.1.3. Australia

            15.2.1.4. New Zealand

            15.2.1.5. Rest of South Asia and Pacific

        15.2.2. By Product Type

        15.2.3. By Flavor

        15.2.4. By Product Form

        15.2.5. By Application

        15.2.6. By Sales Channel

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Product Type

        15.3.3. By Flavor

        15.3.4. By Product Form

        15.3.5. By Application

        15.3.6. By Sales Channel

    15.4. Key Takeaways

16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    16.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    16.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        16.2.1. By Country

            16.2.1.1. China

            16.2.1.2. Japan

            16.2.1.3. South Korea

        16.2.2. By Product Type

        16.2.3. By Flavor

        16.2.4. By Product Form

        16.2.5. By Application

        16.2.6. By Sales Channel

    16.3. Market Attractiveness Analysis

        16.3.1. By Country

        16.3.2. By Product Type

        16.3.3. By Flavor

        16.3.4. By Product Form

        16.3.5. By Application

        16.3.6. By Sales Channel

    16.4. Key Takeaways

17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    17.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022

    17.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033

        17.2.1. By Country

            17.2.1.1. GCC Countries

            17.2.1.2. South Africa

            17.2.1.3. Israel

            17.2.1.4. Rest of MEA

        17.2.2. By Product Type

        17.2.3. By Flavor

        17.2.4. By Product Form

        17.2.5. By Application

        17.2.6. By Sales Channel

    17.3. Market Attractiveness Analysis

        17.3.1. By Country

        17.3.2. By Product Type

        17.3.3. By Flavor

        17.3.4. By Product Form

        17.3.5. By Application

        17.3.6. By Sales Channel

    17.4. Key Takeaways

18. Key Countries Market Analysis

    18.1. USA

        18.1.1. Pricing Analysis

        18.1.2. Market Share Analysis, 2022

            18.1.2.1. By Product Type

            18.1.2.2. By Flavor

            18.1.2.3. By Product Form

            18.1.2.4. By Application

            18.1.2.5. By Sales Channel

    18.2. Canada

        18.2.1. Pricing Analysis

        18.2.2. Market Share Analysis, 2022

            18.2.2.1. By Product Type

            18.2.2.2. By Flavor

            18.2.2.3. By Product Form

            18.2.2.4. By Application

            18.2.2.5. By Sales Channel

    18.3. Brazil

        18.3.1. Pricing Analysis

        18.3.2. Market Share Analysis, 2022

            18.3.2.1. By Product Type

            18.3.2.2. By Flavor

            18.3.2.3. By Product Form

            18.3.2.4. By Application

            18.3.2.5. By Sales Channel

    18.4. Mexico

        18.4.1. Pricing Analysis

        18.4.2. Market Share Analysis, 2022

            18.4.2.1. By Product Type

            18.4.2.2. By Flavor

            18.4.2.3. By Product Form

            18.4.2.4. By Application

            18.4.2.5. By Sales Channel

    18.5. Germany

        18.5.1. Pricing Analysis

        18.5.2. Market Share Analysis, 2022

            18.5.2.1. By Product Type

            18.5.2.2. By Flavor

            18.5.2.3. By Product Form

            18.5.2.4. By Application

            18.5.2.5. By Sales Channel

    18.6. United Kingdom

        18.6.1. Pricing Analysis

        18.6.2. Market Share Analysis, 2022

            18.6.2.1. By Product Type

            18.6.2.2. By Flavor

            18.6.2.3. By Product Form

            18.6.2.4. By Application

            18.6.2.5. By Sales Channel

    18.7. France

        18.7.1. Pricing Analysis

        18.7.2. Market Share Analysis, 2022

            18.7.2.1. By Product Type

            18.7.2.2. By Flavor

            18.7.2.3. By Product Form

            18.7.2.4. By Application

            18.7.2.5. By Sales Channel

    18.8. Spain

        18.8.1. Pricing Analysis

        18.8.2. Market Share Analysis, 2022

            18.8.2.1. By Product Type

            18.8.2.2. By Flavor

            18.8.2.3. By Product Form

            18.8.2.4. By Application

            18.8.2.5. By Sales Channel

    18.9. Italy

        18.9.1. Pricing Analysis

        18.9.2. Market Share Analysis, 2022

            18.9.2.1. By Product Type

            18.9.2.2. By Flavor

            18.9.2.3. By Product Form

            18.9.2.4. By Application

            18.9.2.5. By Sales Channel

    18.10. Poland

        18.10.1. Pricing Analysis

        18.10.2. Market Share Analysis, 2022

            18.10.2.1. By Product Type

            18.10.2.2. By Flavor

            18.10.2.3. By Product Form

            18.10.2.4. By Application

            18.10.2.5. By Sales Channel

    18.11. Russia

        18.11.1. Pricing Analysis

        18.11.2. Market Share Analysis, 2022

            18.11.2.1. By Product Type

            18.11.2.2. By Flavor

            18.11.2.3. By Product Form

            18.11.2.4. By Application

            18.11.2.5. By Sales Channel

    18.12. Czech Republic

        18.12.1. Pricing Analysis

        18.12.2. Market Share Analysis, 2022

            18.12.2.1. By Product Type

            18.12.2.2. By Flavor

            18.12.2.3. By Product Form

            18.12.2.4. By Application

            18.12.2.5. By Sales Channel

    18.13. Romania

        18.13.1. Pricing Analysis

        18.13.2. Market Share Analysis, 2022

            18.13.2.1. By Product Type

            18.13.2.2. By Flavor

            18.13.2.3. By Product Form

            18.13.2.4. By Application

            18.13.2.5. By Sales Channel

    18.14. India

        18.14.1. Pricing Analysis

        18.14.2. Market Share Analysis, 2022

            18.14.2.1. By Product Type

            18.14.2.2. By Flavor

            18.14.2.3. By Product Form

            18.14.2.4. By Application

            18.14.2.5. By Sales Channel

    18.15. Bangladesh

        18.15.1. Pricing Analysis

        18.15.2. Market Share Analysis, 2022

            18.15.2.1. By Product Type

            18.15.2.2. By Flavor

            18.15.2.3. By Product Form

            18.15.2.4. By Application

            18.15.2.5. By Sales Channel

    18.16. Australia

        18.16.1. Pricing Analysis

        18.16.2. Market Share Analysis, 2022

            18.16.2.1. By Product Type

            18.16.2.2. By Flavor

            18.16.2.3. By Product Form

            18.16.2.4. By Application

            18.16.2.5. By Sales Channel

    18.17. New Zealand

        18.17.1. Pricing Analysis

        18.17.2. Market Share Analysis, 2022

            18.17.2.1. By Product Type

            18.17.2.2. By Flavor

            18.17.2.3. By Product Form

            18.17.2.4. By Application

            18.17.2.5. By Sales Channel

    18.18. China

        18.18.1. Pricing Analysis

        18.18.2. Market Share Analysis, 2022

            18.18.2.1. By Product Type

            18.18.2.2. By Flavor

            18.18.2.3. By Product Form

            18.18.2.4. By Application

            18.18.2.5. By Sales Channel

    18.19. Japan

        18.19.1. Pricing Analysis

        18.19.2. Market Share Analysis, 2022

            18.19.2.1. By Product Type

            18.19.2.2. By Flavor

            18.19.2.3. By Product Form

            18.19.2.4. By Application

            18.19.2.5. By Sales Channel

    18.20. South Korea

        18.20.1. Pricing Analysis

        18.20.2. Market Share Analysis, 2022

            18.20.2.1. By Product Type

            18.20.2.2. By Flavor

            18.20.2.3. By Product Form

            18.20.2.4. By Application

            18.20.2.5. By Sales Channel

    18.21. GCC Countries

        18.21.1. Pricing Analysis

        18.21.2. Market Share Analysis, 2022

            18.21.2.1. By Product Type

            18.21.2.2. By Flavor

            18.21.2.3. By Product Form

            18.21.2.4. By Application

            18.21.2.5. By Sales Channel

    18.22. South Africa

        18.22.1. Pricing Analysis

        18.22.2. Market Share Analysis, 2022

            18.22.2.1. By Product Type

            18.22.2.2. By Flavor

            18.22.2.3. By Product Form

            18.22.2.4. By Application

            18.22.2.5. By Sales Channel

    18.23. Israel

        18.23.1. Pricing Analysis

        18.23.2. Market Share Analysis, 2022

            18.23.2.1. By Product Type

            18.23.2.2. By Flavor

            18.23.2.3. By Product Form

            18.23.2.4. By Application

            18.23.2.5. By Sales Channel

19. Market Structure Analysis

    19.1. Competition Dashboard

    19.2. Competition Benchmarking

    19.3. Market Share Analysis of Top Players

        19.3.1. By Regional

        19.3.2. By Product Type

        19.3.3. By Flavor

        19.3.4. By Product Form

        19.3.5. By Application

        19.3.6. By Sales Channel

20. Competition Analysis

    20.1. Competition Deep Dive

        20.1.1. Mondelez International

            20.1.1.1. Overview

            20.1.1.2. Product Portfolio

            20.1.1.3. Profitability by Market Segments

            20.1.1.4. Sales Footprint

            20.1.1.5. Strategy Overview

                20.1.1.5.1. Marketing Strategy

                20.1.1.5.2. Product Strategy

                20.1.1.5.3. Channel Strategy

        20.1.2. The Hershey Company

            20.1.2.1. Overview

            20.1.2.2. Product Portfolio

            20.1.2.3. Profitability by Market Segments

            20.1.2.4. Sales Footprint

            20.1.2.5. Strategy Overview

                20.1.2.5.1. Marketing Strategy

                20.1.2.5.2. Product Strategy

                20.1.2.5.3. Channel Strategy

        20.1.3. Schmilk Chocolate (Chocolate Hollow, LLC)

            20.1.3.1. Overview

            20.1.3.2. Product Portfolio

            20.1.3.3. Profitability by Market Segments

            20.1.3.4. Sales Footprint

            20.1.3.5. Strategy Overview

                20.1.3.5.1. Marketing Strategy

                20.1.3.5.2. Product Strategy

                20.1.3.5.3. Channel Strategy

        20.1.4. Lindt & Sprüngli

            20.1.4.1. Overview

            20.1.4.2. Product Portfolio

            20.1.4.3. Profitability by Market Segments

            20.1.4.4. Sales Footprint

            20.1.4.5. Strategy Overview

                20.1.4.5.1. Marketing Strategy

                20.1.4.5.2. Product Strategy

                20.1.4.5.3. Channel Strategy

        20.1.5. Ritter Sport

            20.1.5.1. Overview

            20.1.5.2. Product Portfolio

            20.1.5.3. Profitability by Market Segments

            20.1.5.4. Sales Footprint

            20.1.5.5. Strategy Overview

                20.1.5.5.1. Marketing Strategy

                20.1.5.5.2. Product Strategy

                20.1.5.5.3. Channel Strategy

        20.1.6. Hu Chocolate

            20.1.6.1. Overview

            20.1.6.2. Product Portfolio

            20.1.6.3. Profitability by Market Segments

            20.1.6.4. Sales Footprint

            20.1.6.5. Strategy Overview

                20.1.6.5.1. Marketing Strategy

                20.1.6.5.2. Product Strategy

                20.1.6.5.3. Channel Strategy

        20.1.7. Alter Eco

            20.1.7.1. Overview

            20.1.7.2. Product Portfolio

            20.1.7.3. Profitability by Market Segments

            20.1.7.4. Sales Footprint

            20.1.7.5. Strategy Overview

                20.1.7.5.1. Marketing Strategy

                20.1.7.5.2. Product Strategy

                20.1.7.5.3. Channel Strategy

        20.1.8. TCHO

            20.1.8.1. Overview

            20.1.8.2. Product Portfolio

            20.1.8.3. Profitability by Market Segments

            20.1.8.4. Sales Footprint

            20.1.8.5. Strategy Overview

                20.1.8.5.1. Marketing Strategy

                20.1.8.5.2. Product Strategy

                20.1.8.5.3. Channel Strategy

        20.1.9. Endorfin Foods

            20.1.9.1. Overview

            20.1.9.2. Product Portfolio

            20.1.9.3. Profitability by Market Segments

            20.1.9.4. Sales Footprint

            20.1.9.5. Strategy Overview

                20.1.9.5.1. Marketing Strategy

                20.1.9.5.2. Product Strategy

                20.1.9.5.3. Channel Strategy

        20.1.10. Sjaak’s

            20.1.10.1. Overview

            20.1.10.2. Product Portfolio

            20.1.10.3. Profitability by Market Segments

            20.1.10.4. Sales Footprint

            20.1.10.5. Strategy Overview

                20.1.10.5.1. Marketing Strategy

                20.1.10.5.2. Product Strategy

                20.1.10.5.3. Channel Strategy

        20.1.11. VGAN Chocolates

            20.1.11.1. Overview

            20.1.11.2. Product Portfolio

            20.1.11.3. Profitability by Market Segments

            20.1.11.4. Sales Footprint

            20.1.11.5. Strategy Overview

                20.1.11.5.1. Marketing Strategy

                20.1.11.5.2. Product Strategy

                20.1.11.5.3. Channel Strategy

        20.1.12. Divine Treasures LLC

            20.1.12.1. Overview

            20.1.12.2. Product Portfolio

            20.1.12.3. Profitability by Market Segments

            20.1.12.4. Sales Footprint

            20.1.12.5. Strategy Overview

                20.1.12.5.1. Marketing Strategy

                20.1.12.5.2. Product Strategy

                20.1.12.5.3. Channel Strategy

        20.1.13. Equal Exchange COOP

            20.1.13.1. Overview

            20.1.13.2. Product Portfolio

            20.1.13.3. Profitability by Market Segments

            20.1.13.4. Sales Footprint

            20.1.13.5. Strategy Overview

                20.1.13.5.1. Marketing Strategy

                20.1.13.5.2. Product Strategy

                20.1.13.5.3. Channel Strategy

        20.1.14. No Whey Chocolate

            20.1.14.1. Overview

            20.1.14.2. Product Portfolio

            20.1.14.3. Profitability by Market Segments

            20.1.14.4. Sales Footprint

            20.1.14.5. Strategy Overview

                20.1.14.5.1. Marketing Strategy

                20.1.14.5.2. Product Strategy

                20.1.14.5.3. Channel Strategy

21. Assumptions & Acronyms Used

22. Research Methodology

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