Mexico Vegan Chocolate Confectionery Market Size & Outlook
Mexico vegan chocolate confectionery market, 2016-2028 (US$M)
Related Markets
Mexico vegan chocolate confectionery market highlights
- The Mexico vegan chocolate confectionery market generated a revenue of USD 9.5 million in 2021 and is expected to reach USD 25.7 million by 2028.
- The Mexico market is expected to grow at a CAGR of 15.3% 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 9.5 million |
| Market revenue in 2028 | USD 25.7 million |
| Growth rate | 15.3% (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, Mexico accounted for 1.8% 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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Mexico 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 45.26% in 2021. Horizon Databook has segmented the Mexico 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 veganism in the country is driving the demand for vegan chocolate confectionery. For instance, according to data by the Gourmet Show, a major Mexican food festival which focuses on showcasing innovative food & beverages and highlights the latest trends in the gourmet food space, in August 2018, 20% of the Mexican population identified as vegan or vegetarian.
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Target buyers of Mexico 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 Mexico vegan chocolate confectionery market, including forecasts for subscribers. This country databook contains high-level insights into Mexico vegan chocolate confectionery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Mexico vegan chocolate confectionery market size, by type, 2016-2028 (US$M)
Mexico Vegan Chocolate Confectionery Market Share, 2021 & 2028 (US$M)
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