Japan Vegan Chocolate Confectionery Market Size & Outlook
Japan vegan chocolate confectionery market, 2016-2028 (US$M)
Related Markets
Japan vegan chocolate confectionery market highlights
- The Japan vegan chocolate confectionery market generated a revenue of USD 15.6 million in 2021 and is expected to reach USD 41.0 million by 2028.
- The Japan market is expected to grow at a CAGR of 14.8% 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 2021 | USD 15.6 million |
| Market revenue in 2028 | USD 41.0 million |
| Growth rate | 14.8% (CAGR from 2021 to 2028) |
| Largest segment | Molded bars |
| Fastest growing segment | Truffles & Cups |
| 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, Japan accounted for 2.9% 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 Asia Pacific, China vegan chocolate confectionery market is projected to lead the regional market in terms of revenue in 2028.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 58.5 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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Japan 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 39.74% in 2021. Horizon Databook has segmented the Japan 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.
Over the past few years, the trend of veganism has gained significant popularity in the country among the young as well as working-class population. According to a report published by Vegewel in 2019, 2.1% of the Japanese population was vegan. Similarly, as per a survey conducted by Rakuten Insight in 2019, 53% of vegan consumers in Japan cited health concerns as their reason for trying plant-based food.
The taste of vegan food was a less significant factor; only 12% stated that they had opted for plant based foods for their taste. A quarter of the participants asserted that they preferred vegan desserts or sweets. Such consumer trends are anticipated to boost the demand for vegan chocolate confectionery over the forecast period.
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Target buyers of Japan 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 Japan vegan chocolate confectionery market, including forecasts for subscribers. This country databook contains high-level insights into Japan vegan chocolate confectionery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Japan vegan chocolate confectionery market size, by type, 2016-2028 (US$M)
Japan Vegan Chocolate Confectionery Market Share, 2021 & 2028 (US$M)
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