Canada Vegan Chocolate Confectionery Market Size & Outlook
Canada vegan chocolate confectionery market, 2016-2028 (US$M)
Related Markets
Canada vegan chocolate confectionery market highlights
- The Canada vegan chocolate confectionery market generated a revenue of USD 30.6 million in 2021 and is expected to reach USD 79.0 million by 2028.
- The Canada market is expected to grow at a CAGR of 14.5% from 2022 to 2028.
- In terms of segment, molded bars was the largest revenue generating type in 2021.
- Chips & Bites is the most lucrative type segment registering the fastest growth during the forecast period.
Vegan chocolate confectionery market data book summary
| Market revenue in 2021 | USD 30.6 million |
| Market revenue in 2028 | USD 79.0 million |
| Growth rate | 14.5% (CAGR from 2021 to 2028) |
| Largest segment | Molded bars |
| Fastest growing segment | Chips & Bites |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Molded Bars, Boxed, Chips & Bites, Truffles & Cups |
| Key market players worldwide | Chocoladefabriken 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, Canada accounted for 5.7% 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 North America, U.S. vegan chocolate confectionery market is projected to lead the regional market in terms of revenue in 2028.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 25.7 million by 2028.
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Vegan Chocolate Confectionery Market Scope
Vegan Chocolate Confectionery Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 39.54% in 2021. Horizon Databook has segmented the Canada 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.
The rising trend of healthy lifestyles, government initiatives, and the introduction of various vegan products in the country drive the market for vegan chocolate confectionery.
In August 2020, the Canadian government announced USD 2.6 million in federal funding to support the Food Processing Development Centre in Leduc. The funding will be used for new equipment that will help the companies present in the Alberta Province to develop new plant-based food products.
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Target buyers of Canada vegan chocolate confectionery market databook
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Our clientele includes a mix of vegan chocolate confectionery market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada vegan chocolate confectionery market, including forecasts for subscribers. This country databook contains high-level insights into Canada vegan chocolate confectionery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Canada vegan chocolate confectionery market size, by type, 2016-2028 (US$M)
Canada Vegan Chocolate Confectionery Market Share, 2021 & 2028 (US$M)
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