Latin America Vegan Chocolate Confectionery Market Size & Outlook
Latin America vegan chocolate confectionery market, 2016-2028 (US$M)
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Latin America vegan chocolate confectionery market highlights
- The Latin America vegan chocolate confectionery market generated a revenue of USD 22.0 million in 2021.
- The market is expected to grow at a CAGR of 15% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2028.
Latin America data book summary
| Market revenue in 2021 | USD 22.0 million |
| Market revenue in 2028 | USD 58.6 million |
| Growth rate | 15% (CAGR from 2021 to 2028) |
| Largest segment | Molded bars |
| Fastest growing segment | Chips & Bites |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Latin America region accounted for 4.1% of the global vegan chocolate confectionery market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 355.8 million by 2028.
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Vegan Chocolate Confectionery Market Scope
Vegan Chocolate Confectionery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 44.55% in 2021. Horizon Databook has segmented the Latin America 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 growing concerns over animal welfare and the rising health restrictions are two major factors driving the consumption of vegan products in the region. According to a survey conducted by Snap cart and The Good Food Institute (GFI) in Brazil, 59% of the respondents cited health concerns for reducing their consumption of meat products in 2018. This could provide a significant opportunity for vegan chocolate confectionery manufacturers in the near future.
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Target buyers of Latin America 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 continent-level data and insights on the Latin America vegan chocolate confectionery market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America vegan chocolate confectionery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America vegan chocolate confectionery market size, by country, 2016-2028 (US$M)
Latin America Vegan Chocolate Confectionery Market Share, 2021 & 2028 (US$M)
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