Vegan Chocolate Confectionery Market To Reach $1,871.1 Million By 2030

Vegan Chocolate Confectionery Market Growth & Trends

The global vegan chocolate confectionery market size is anticipated to reach USD 1,871.1 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 15.0% from 2025 to 2030. Growing awareness about animal cruelty and the rise in environmental protection campaigns are expected to be the major factors contributing to the growth of the market. Vegan chocolate confectionery is popular among consumers following a flexitarian or vegan diet or consumers having lactose intolerance and other food allergies.

The molded bars product segment led the market and accounted for the highest revenue share in 2020. Bar chocolates are the most consumed chocolate form in the world. According to a study conducted by Google, the top five chocolates titled as favorite chocolates in the world, based on their annual searches, are sold in the form of bars.

The milk chocolate segment accounted for the largest share in the market in 2020 on account of the high demand for these products due to their sweet and creamy taste. According to a study conducted by Google, in October 2019, Cadbury Dairy Milk chocolate was considered to be the most popular chocolate bar in the world. According to the same study, the classic milk chocolate bar received, on average, a total of 466,680 searches annually. These market trends are anticipated to increase the product demand.

Offline distribution channel accounted for the largest share of the global market in 2020. This segment is projected to retain its dominance throughout the forecast period owing to the consumer inclination toward shopping grocery products from supermarkets and convenience stores, where they can physically examine the product quality. The global market is fragmented with the presence of a large number of global and regional players.

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Vegan Chocolate Confectionery Market Report Highlights

• The molded bars segment accounted for the largest revenue share of 42.3% in the global vegan chocolate confectionery market in 2024. Chocolate bars are the most widely consumed form of chocolate confectionery globally, and this trend extends to their vegan variants. 

• The milk chocolate segment accounted for a leading revenue share in the vegan chocolate confectionery industry in 2024. The product is made using plant-based alternatives, such as almonds, oats, or coconut milk, and does not contain any dairy ingredients. 

• The chips & bites segment is expected to register the fastest CAGR from 2021 to 2028 owing to the wide application scope of chips and bites in premium bakery products 

• The North America vegan chocolate confectionery market accounted for a leading global revenue share of 36.7% in 2024. The steadily growing vegan population in regional economies and the demand for premium-quality and low-sugar confectionery items among consumers has aided market growth. 

• Asia Pacific is expected to be the fastest-growing regional market during the forecast years due to the rising cases of lactose intolerance and an increasing number of vegans in the region

Vegan Chocolate Confectionery Market Segmentation

Grand View Research has segmented the global vegan chocolate confectionery market report based on product, type, distribution channel, and region:

Vegan Chocolate Confectionery Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Boxed

• Molded Bars

• Chips & Bites

• Truffles & Cups

Vegan Chocolate Confectionery Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Dark

• Milk

• White

Vegan Chocolate Confectionery Distribution Channel Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Offline

• Online

Vegan Chocolate Confectionery Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

  • Spain

  • Italy

  • Sweden

  • Denmark

  • Belgium

  • Switzerland

  • Russia

  • Netherlands

• Asia Pacific

  • China

  • South Korea

  • Japan

  • Australia

• Latin America

  • Brazil

• MEA

  • South Africa

  • Saudi Arabia

  • Israel

List Of Key Players in the Vegan Chocolate Confectionery Market

• Taza Chocolate

• Alter Eco Foods

• Endangered Species Chocolate

• Equal Exchange

• ENDORFIN FOODS

• Chocoladefabriken Lindt & Sprüngli AG

• Mondel?z International

• Goodio

• No Whey Chocolate

• Montezuma's Chocolate

• RAAKA CHOCOLATE LTD.

• EVOLVED CHOCOLATE

• Theo Chocolate, Inc.

• Rococo Chocolates London Limited