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.
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.
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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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