Vegan Candies Market Witness Growth At Stupendous CAGR Of 14% By 2031, Finds Fact.MR

According to latest research by Fact.MR, vegan candies are likely to witness robust growth during 2021-2031. Demand for vegan candies Market will witness a progressive growth outlook in the long-run.

Growing acceptance of veganism around the world combined with increasing awareness regarding importance of healthy food intake will mean limited opportunities in near future, however, consumption of vegan candies by social media influencers and millennial fitness enthusiasts dedicated to vegan lifestyles will provide long-term momentum.

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Key Segments

By Form

  • Bark
  • Candy Bars
  • Candy Canes
  • Chews
  • Candy Bites
  • Fondant
  • Others (Gum, etc.)

By Flavor

  • Coconut
  • Vanilla
  • Chocolate
  • Others (banana, strawberry, etc.)

By Sales Channel

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialist Retailers
  • Online Retail
  • Others (Vitamin & Supplement Stores, etc.)

By Region

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

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Who are the Key Manufacturers of Vegan Candies?

Some of the leading manufacturers and vegan candies suppliers include

  • YumEarth Organic
  • Dylan’s Candy Bar
  • Johannes Luehders KG
  • Y&S Candies Inc.
  • Mars Inc.(Wrigley Company)
  • Cracker Jack
  • Jolly Rancher
  • Swedish Fish
  • Skittles
  • Tootsie Dots
  • Wonka
  • Charms
  • Smarties Candy Company
  • Kanro Candy
  • Bontan Ame
  • Taza Chocolate
  • The Vegan Candy Co.
  • OCHO Organic
  • The Conscious Candy Co,

At present, the market for vegan candies is highly unorganized. Companies like August Storck KG has stopped making its longtime vegan-friendly candy by adding a new formula that contains gelatin. The company felt that this adjustment leads to an overall improvement of the product. However, the demand for vegan candies is likely to swell in near future with an upsurge in vegan population, in turn, making it one of the most organized market as a source of vegan snacks and confectionary.

New Product Launches in Vegan Confectionery Industry Likely to Augment Vegan Candies Sales

The impact of coronavirus outbreak has been evident on numerous industries as well as end-users. Although lockdown and shelter-at-home guidelines have meant restricted activities, consumers started storing snacks at home to get an adequate and convenient source of energy and nutrition. A shift in consumption pattern has been evident as consumers started stockpiling lower-priced private-label items. Conventional chocolate and candies manufacturers have been suffering the most due to disruption in supply of cocoa beans, further advantaging local vegan candies manufacturers by creating sustained opportunities in near future.

Furthermore, demand from distributors to offer more plant-based food items and dairy-free confections has forced vegan product manufacturers to expand and ramp-up their production. In turn, increased new product launch in vegan confectionery market.

The Report Covers Exhaustive Analysis On:

  • Market Segments
  • Market Dynamics
  • Market Size & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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