Vegan Chocolate Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Vegan Chocolate Companies and the Market is segmented by Chocolate Type (Milk Chocolate & White Chocolate, Dark Chocolate); Product type (Boxed Assortments, Count lines, others); Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Stores, and Other Distribution Channels); and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The market size and forecasts are Provided in value (USD million) for the above segments.

Vegan Chocolate Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Vegan Chocolate Market Size

Vegan Chocolate Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 13.70 %
Fastest Growing Market Asia-Pacific
Largest Market Europe
Market Concentration Low

Major Players

Vegan Chocolate Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Vegan Chocolate Market with other markets in Food & Beverage Industry

Beverages

Food

Food Ingredients and Food Additives

Food Supplements

Vegan Chocolate Market Analysis

The Vegan Chocolate Market is expected to register a CAGR of 13.7% during the forecast period.

The growing popularity of veganism among consumers across the globe, especially among millennials is a major factor driving the growth of the market. For instance, according to the vegan society, in 2014, the number of vegans in Great Britain was estimated to be 150 thousand, which increased to 600 thousand in 2019. An increasing number of environmental protection campaigns and growing awareness about animal cruelty are supporting the growth of the market. In recent years, consumers' food tastes have also changed as a result of rising food allergies and cases of lactose intolerance in both children and adults. For instance, the Food Tolerance Network reported that in 2019, almost 70% of people worldwide are lactose intolerant.

Some vegan chocolate brands also use milk substitutes like almond milk or soy milk to produce authentic vegan chocolates. For instance, in 2021, an Indian brand 'MilkinOats' has launched vegan milk chocolate made with oat milk. Their premium range, called Chalet Chokolad, is made in Swiss chalets and offers two varieties namely Chalet Velvety and Chalet Almond Crunch. Moreover, factors like concerns regarding animals' welfare in food production, the belief that vegan chocolates are healthier that boost healthy blood sugar, and the usage of alternative sweeteners like stevia in manufacturing processes are expected to boost the market at a faster pace during the forecast period.

Vegan Chocolate Industry Overview

The market is characterized by the presence of a few well-established and several small- and medium-scale players. Companies are focusing on research and development activities to introduce new and innovative flavors in vegan chocolates. The rise in consumption of vegan chocolates can be ascribed to their distinctive flavor and nutritional properties. Companies are taking efforts to increase marketing and promotional activities to boost their revenue in the vegan chocolate market. Some of the key players operating in the global vegan chocolate market include Mars, Incorporated, Mondelēz International., Nestle SA, Tofutti Brands, Inc., Plamil Foods Ltd, and Barry Callebaut, among others.

Vegan Chocolate Market Leaders

  1. Barry Callebaut

  2. Tofutti Brands, Inc.

  3. Mondelēz International.

  4. Nestle SA

  5. Mars, Incorporated

  6. *Disclaimer: Major Players sorted in no particular order
Vegan Chocolate Market Concentration
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Vegan Chocolate Market News

  • In June 2022, Mars, Incorporated in partnership with Perfect Day launched its first ever animal-free, lactose-free, and vegan-friendly chocolate called CO2COA in the United States market.
  • In February 2022, Cadbury launched its first-ever plant-based vegan chocolate called the Cadbury Plant Bar, the chocolate comes in two flavors namely smooth chocolate and salted caramel. The vegan-certified bars include a blend of cocoa, almond paste, and rice extract and promise a lusciously smooth texture and all the goodness of chocolate.
  • In February 2022, Lindt launched three new vegan chocolate bars in the United Kingdom and Canada, a year after it entered the free-from market with its HELLO collection. The new bars are made with oat milk and are available in three varieties namely original, hazelnut, and salted caramel in Canada and two varieties namely smooth and hazelnut in the United Kingdom.

Vegan Chocolate Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Force Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Chocolate Type
    • 5.1.1 Milk Chocolate & White Chocolate
    • 5.1.2 Dark Chocolate
    • 5.1.3 Other Types
  • 5.2 By Product Type
    • 5.2.1 Boxed Assortments
    • 5.2.2 Countlines
    • 5.2.3 Others
  • 5.3 By Distibution Channel
    • 5.3.1 Supermarkets/Hypermarkets
    • 5.3.2 Convenience stores
    • 5.3.3 Online Stores
    • 5.3.4 Other Distribution Channels
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.1.4 Rest of North America
    • 5.4.2 Europe
    • 5.4.2.1 United Kingdom
    • 5.4.2.2 Germany
    • 5.4.2.3 Spain
    • 5.4.2.4 France
    • 5.4.2.5 Italy
    • 5.4.2.6 Russia
    • 5.4.2.7 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 India
    • 5.4.3.4 Australia
    • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle East & Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle East & Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Mondelēz International
    • 6.3.2 Nestle SA
    • 6.3.3 Tofutti Brands, Inc.
    • 6.3.4 Plamil Foods Ltd
    • 6.3.5 Barry Callebaut
    • 6.3.6 NestEndangered Species Chocolatele
    • 6.3.7 Endorfin
    • 6.3.8 Goodio
    • 6.3.9 Montezumas Direct Ltd.
    • 6.3.10 No Limit, LLC (Newman's Own Inc.)
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. IMPACT OF COVID-19 ON THE MARKET

9. DISCLAIMER

**Subject to Availability
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Vegan Chocolate Industry Segmentation

Vegan chocolates are made with plant-based ingredients such as cacao beans, soy milk, and maple syrup without adding any animal-related products like dairy products. The global vegan chocolate market is segmented by chocolate type, product type, distribution channel, and geography. By chocolate type, the market is segmented into milk chocolate & white chocolate, and dark chocolate. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels. It provides an analysis of emerging and established economies across the world, comprising North America, Europe, South America, Asia-Pacific, and Middle-East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

By Chocolate Type Milk Chocolate & White Chocolate
Dark Chocolate
Other Types
By Product Type Boxed Assortments
Countlines
Others
By Distibution Channel Supermarkets/Hypermarkets
Convenience stores
Online Stores
Other Distribution Channels
By Geography North America United States
Canada
Mexico
Rest of North America
Europe United Kingdom
Germany
Spain
France
Italy
Russia
Rest of Europe
Asia-Pacific China
Japan
India
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle East & Africa Saudi Arabia
South Africa
Rest of Middle East & Africa
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Vegan Chocolate Market Research FAQs

What is the current Vegan Chocolate Market size?

The Vegan Chocolate Market is projected to register a CAGR of 13.7% during the forecast period (2025-2030)

Who are the key players in Vegan Chocolate Market?

Barry Callebaut, Tofutti Brands, Inc., Mondelēz International., Nestle SA and Mars, Incorporated are the major companies operating in the Vegan Chocolate Market.

Which is the fastest growing region in Vegan Chocolate Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Vegan Chocolate Market?

In 2025, the Europe accounts for the largest market share in Vegan Chocolate Market.

What years does this Vegan Chocolate Market cover?

The report covers the Vegan Chocolate Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vegan Chocolate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Vegan Chocolate Industry Report

Statistics for the 2025 Vegan Chocolate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vegan Chocolate analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.