VEGAN CHOCOLATE BOOMS WORLDWIDE, WITH BRANDS INVESTING IN QUALITYVEGAN CHOCOLATE BOOMS WORLDWIDE, WITH BRANDS INVESTING IN QUALITY
December 21st, 2023
With consumers becoming increasingly health conscious worldwide, demand for vegan chocolate, replacing dairy ingredients with plant-based materials, is growing fast.
According to US-based Grand View Research, the global vegan confectionery market – dominated by chocolate - is anticipated to generate USD2.62 billion in annual revenues by 2030, expanding at a compound annual growth rate (CAGR) of 9.9% from 2023’s USD1.23 billion. It said: “Increasing adoption of veganism among millennials and the working population is one of the key factors driving demand ...
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