Belgium Vegan Chocolate Confectionery Market Size & Outlook

The vegan chocolate confectionery market in Belgium is expected to reach a projected revenue of US$ 33.5 million by 2028. A compound annual growth rate of 15.6% is expected of Belgium vegan chocolate confectionery market from 2022 to 2028.
Revenue, 2021 (US$M)
$12.1
Forecast, 2028 (US$M)
$33.5
CAGR, 2022 - 2028
15.7%
Report Coverage
Belgium

Belgium vegan chocolate confectionery market, 2016-2028 (US$M)

Belgium

Belgium vegan chocolate confectionery market highlights

  • The Belgium vegan chocolate confectionery market generated a revenue of USD 12.1 million in 2021 and is expected to reach USD 33.5 million by 2028.
  • The Belgium market is expected to grow at a CAGR of 15.6% from 2022 to 2028.
  • In terms of segment, molded bars was the largest revenue generating type in 2021.
  • Truffles & Cups is the most lucrative type segment registering the fastest growth during the forecast period.


Vegan chocolate confectionery market data book summary

Market revenue in 2021USD 12.1 million
Market revenue in 2028USD 33.5 million
Growth rate15.6% (CAGR from 2021 to 2028)
Largest segmentMolded bars
Fastest growing segmentTruffles & Cups
Historical data2016 - 2020
Base year2021
Forecast period2022 - 2028
Quantitative unitsRevenue in USD million
Market segmentationMolded Bars, Boxed, Chips & Bites, Truffles & Cups
Key market players worldwideChocoladefabriken Lindt & Spruengli AG, Mondelez International Inc Class A, Alter Eco, Equal Exchange, Goodio.fi, Montezuma's Chocolates, Evolved Foods


Other key industry trends

  • In terms of revenue, Belgium accounted for 2.3% of the global vegan chocolate confectionery market in 2021.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
  • In Europe, UK vegan chocolate confectionery market is projected to lead the regional market in terms of revenue in 2028.
  • Switzerland is the fastest growing regional market in Europe and is projected to reach USD 26.1 million by 2028.

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Vegan Chocolate Confectionery Market Companies

Name Profile # Employees HQ Website

Belgium vegan chocolate confectionery market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vegan chocolate confectionery market will help companies and investors design strategic landscapes.


Molded bars was the largest segment with a revenue share of 39.67% in 2021. Horizon Databook has segmented the Belgium vegan chocolate confectionery market based on molded bars, boxed, chips & bites, truffles & cups covering the revenue growth of each sub-segment from 2016 to 2028.


Key players in the bakery industry are launching new vegan products, especially chocolate confections, and expanding their operations to fulfill the rising demand from consumers. In September 2019, French Made Pâtisserie, a vegan French bakery announced the start of its operations in Belgium. Such market trends are expected to boost the demand for vegan chocolate confectionery over the forecast period.

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Target buyers of Belgium vegan chocolate confectionery market databook

  • Our clientele includes a mix of vegan chocolate confectionery market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Belgium vegan chocolate confectionery market, including forecasts for subscribers. This country databook contains high-level insights into Belgium vegan chocolate confectionery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.

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Belgium vegan chocolate confectionery market size, by type, 2016-2028 (US$M)

Belgium Vegan Chocolate Confectionery Market Share, 2021 & 2028 (US$M)

Belgium vegan chocolate confectionery market size, by type, 2016-2028 (US$M)

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