Vegan Belgian Chocolate Market Revenue Growth Defined by Heightened Product Innovation

According to the most recent study from Persistence Market Research, the vegan Belgian chocolate market will expand steadily between 2021 and 2031. Belgian chocolate demand is expected to recover quickly and rise significantly. The market is growing rapidly due to the widespread consumption of chocolate in a variety of applications in the food and beverage sector.

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What Fuels the Vegan Belgian Chocolate Market?

    • Due to the advantages of consuming vegan products and increased public awareness about the need to protect animals, consumers have taken the lead in the vegan diet movement. Customers’ purchasing habits have changed as a result of the awareness raised by animal rights organisations and animal lovers.
    • Vegan food items are thought to be healthier than regular fare and have a lower risk of developing diabetes. Consumers today are worried about their dietary choices from the standpoint of their health.
    • Additionally, the prevalence of cardiovascular disease and diabetes has increased due to numerous lifestyle problems like obesity, even though eating chocolate in moderation may help prevent these conditions.

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Impact of Covid-19 Pandemic on Vegan Belgian Chocolate Market Sales

Amid the COVID-19 pandemic, the global market for food and beverage, bakery and confectionary ingredients has been largely affected by strong global concerns about the pandemic. Furthermore, to overcome economic instability, ingredient prices will rise in 2021 due to high demand and low supply trends.

On the contrary, disruptions in the shipping supply chain could lead to temporary shortages of supply, putting upward price pressure in the short run.

Post the pandemic era the demand for health benefitting ingredients is expected to intensify as the consumers are looking for products that will reduce the risk of diseases.

Key Segments

By Type

    • Dark Chocolates
    • Milk Chocolates/White Chocolates

By End-use

    • Food Processing Industry
    • Foodservice Industry
    • Retail/Household

By Distribution Channel

Business to Business

Business to Consumers

    • Supermarkets/ Hypermarkets
    • Specialty Store
    • Convenience Stores
    • Online Store

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

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Vegan Belgian Chocolate Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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