Brazil Vegan Chocolate Confectionery Market, 2021-2028
- Food Beverages & Tobacco
- Consumer Food & Beverages
- vegan chocolate confectionery market
- Consumer Food & Beverages
Brazil Vegan Chocolate Confectionery Market, 2016-2028 (US$M)
Global Market
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Brazil vegan chocolate confectionery market highlights
- The Brazil vegan chocolate confectionery market generated a revenue of USD 8.1 million in 2021 and is expected to reach USD 21.5 million by 2028.
- The Brazil market is expected to grow at a CAGR of 14.9% from 2022 to 2028.
- In terms of segment, molded bars was the largest revenue generating type in 2021.
- Chips & Bites is the most lucrative type segment registering the fastest growth during the forecast period.
Vegan chocolate confectionery market data book summary
| Market revenue in 2021 | USD 8.1 million |
| Market revenue in 2028 | USD 21.5 million |
| Growth rate | 14.9% (CAGR from 2021 to 2028) |
| Largest segment | Molded bars |
| Fastest growing segment | Chips & Bites |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Molded Bars, Boxed, Chips & Bites, Truffles & Cups |
| Key market players worldwide | Chocoladefabriken Lindt & Spruengli AG, Mondelez International Inc Class A, Alter Eco, Equal Exchange, Goodio.fi, Montezuma's Chocolates, Evolved Foods |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.5% of the global vegan chocolate confectionery market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil vegan chocolate confectionery market is projected to lead the regional market in terms of revenue in 2028.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 21.5 million by 2028.
According to the Brazilian Vegetarian Society (SBV), 70% of adults in Brazil have some level of lactose intolerance. In addition, major food and beverage companies are launching vegan products and numerous restaurants and stores catering especially to the vegan population in the country.
According to a research study conducted by the Brazilian Institute of Public Opinion and Statistics (IBOPE), as of 2018, Brazil was home to 30 million vegetarians or vegans, which accounted for 14% of the country’s total population. These consumer trends are anticipated to boost the demand for vegan chocolate confectionery over the forecast period.
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Vegan Chocolate Confectionery Market
Vegan Chocolate Confectionery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Mondelez International Inc Class A | View profile | 91,000 | 905 West Fulton Market, Suite 200, Chicago, IL, United States, 60607 | www.mondelezinternational.com |
| Chocoladefabriken Lindt & Spruengli AG | View profile | 14,746 | Seestrasse 204, Kilchberg, Switzerland, CH-8802 | www.lindt-spruengli.com |
| Alter Eco | View profile | 11-50 | San Francisco, California, United States, North America | www.alterecofoods.com |
| Equal Exchange | View profile | 101-250 | West Bridgewater, Massachusetts, United States, North America | equalexchange.coop |
| Goodio.fi | View profile | 11-50 | Helsinki, Southern Finland, Finland, Europe | goodiochocolate.com/ |
| Montezuma's Chocolates | View profile | 101-250 | Birdham, West Sussex, United Kingdom, Europe | www.montezumas.co.uk/ |
| Evolved Foods | View profile | 1-10 | Bangalore, Karnataka, India, Asia | evolvedfoods.in/ |
Brazil vegan chocolate confectionery market
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Vegan Chocolate Confectionery Market will help companies and investors design strategic landscapes.
Molded Bars was the largest segment with a revenue share of 44.44% in 2021.
Horizon Databook has segmented the Brazil vegan chocolate confectionery market based on molded bars, boxed, chips & bites, truffles & cups covering the revenue growth of each sub-segment from 2016 to 2028.
According to the Brazilian Vegetarian Society (SBV), 70% of adults in Brazil have some level of lactose intolerance. In addition, major food and beverage companies are launching vegan products and numerous restaurants and stores catering especially to the vegan population in the country.
According to a research study conducted by the Brazilian Institute of Public Opinion and Statistics (IBOPE), as of 2018, Brazil was home to 30 million vegetarians or vegans, which accounted for 14% of the country’s total population. These consumer trends are anticipated to boost the demand for vegan chocolate confectionery over the forecast period.
- Brazil Vegan Chocolate Confectionery Market Type Outlook (Revenue, USD Million , 2016-2028)
- Molded Bars
- Boxed
- Chips & Bites
- Truffles & Cups
- Brazil Vegan Chocolate Confectionery Market Product Outlook (Revenue, USD Million , 2016-2028)
- Milk
- Dark
- White
- Brazil Vegan Chocolate Confectionery Market Distribution Channel Outlook (Revenue, USD Million , 2016-2028)
- Offline
- Online
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil vegan chocolate confectionery market, including forecasts for subscribers. This country databook contains high-level insights into Brazil vegan chocolate confectionery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Brazil Vegan Chocolate Confectionery Market, 2016-2028 (US$M)
Brazil vegan chocolate confectionery market statistics, by type, 2016-2028 (Thousand Units)
