Mexico Vegan Chocolate Confectionery Market Size & Outlook
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Mexico vegan chocolate confectionery market highlights
- The Mexico vegan chocolate confectionery market generated a revenue of USD 9.5 million in 2021 and is expected to reach USD 25.7 million by 2028.
- The Mexico market is expected to grow at a CAGR of 15.3% 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 9.5 million |
| Market revenue in 2028 | USD 25.7 million |
| Growth rate | 15.3% (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, Mexico accounted for 1.8% 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 North America, U.S. vegan chocolate confectionery market is projected to lead the regional market in terms of revenue in 2028.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 25.7 million by 2028.
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Vegan Chocolate Confectionery Market Scope
Vegan Chocolate Confectionery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Evolved Foods | View profile | 1-10 | Bangalore, Karnataka, India, Asia | https://evolvedfoods.in/ |
| Montezuma's Chocolates | View profile | 101-250 | Birdham, West Sussex, United Kingdom, Europe | https://www.montezumas.co.uk/ |
| Goodio.fi | View profile | 11-50 | Helsinki, Southern Finland, Finland, Europe | https://goodiochocolate.com/ |
| Equal Exchange | View profile | 101-250 | West Bridgewater, Massachusetts, United States, North America | http://equalexchange.coop |
| Alter Eco | View profile | 11-50 | San Francisco, California, United States, North America | http://www.alterecofoods.com |
| Chocoladefabriken Lindt & Spruengli AG | View profile | 14746 | Seestrasse 204, Kilchberg, Switzerland, CH-8802 | https://www.lindt-spruengli.com |
| Mondelez International Inc Class A | View profile | 91000 | 905 West Fulton Market, Suite 200, Chicago, IL, United States, 60607 | https://www.mondelezinternational.com |
Mexico vegan chocolate confectionery market outlook
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 45.26% in 2021. Horizon Databook has segmented the Mexico 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.
The rising trend of veganism in the country is driving the demand for vegan chocolate confectionery. For instance, according to data by the Gourmet Show, a major Mexican food festival which focuses on showcasing innovative food & beverages and highlights the latest trends in the gourmet food space, in August 2018, 20% of the Mexican population identified as vegan or vegetarian.
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Target buyers of Mexico vegan chocolate confectionery market databook
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Our clientele includes a mix of vegan chocolate confectionery market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico vegan chocolate confectionery market, including forecasts for subscribers. This country databook contains high-level insights into Mexico vegan chocolate confectionery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico vegan chocolate confectionery market size, by type, 2016-2028 (US$M)
Mexico Vegan Chocolate Confectionery Market Share, 2021 & 2028 (US$M)
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