What is dairy-free/ plant-based/ vegan chocolate?
Vegan chocolate is a nutritious, entirely plant-based alternative to organic chocolate that is often considered to be of superior quality overall. It is made without the use of any dairy or other animal-derived ingredients. Many antioxidants present in fruits, vegetables, nuts, cereals, and seeds are also found in vegan chocolates. The nutrients in these chocolates benefit the immune system and blood circulation in the body. They can still satisfy any sugar cravings despite the absence of processed sugar. Vegan chocolates come in various forms, including bars, truffles, chips, bites, and boxed assortments.
Growth factors of Vegan Chocolate:
A discerning approach towards food and diet makes vegan chocolates a better option compared to regular chocolates.
The food priority pattern of consumers has changed over the years as a result of an increase in intolerance towards milk or deficiency of lactase and hypersensitivity in adults and children. Hence, consumers growing health consciousness surrounding food allergies opens up significant industry prospects.
Top Players in Vegan Chocolate and their products
Alter Eco (United States)
Products: Bars, truffle thins, chocolate truffle
Product Names: Super blackout, Brown butter, Mint blackout, Mint crème, etc.
Lindt & Sprüngli AG (Switzerland)
Products: Chocolate bar, bar bundle, truffle
Product Names: Madagascar Dark Noir, Excellence Raspberry and Hazelnut 70% cocoa Dark, Lindor Extra Dark, Lindor Assorted etc.
Mondelez International (Cadbury) (United Kingdom)
Products: Vegan version of its Cadbury bar
Product Names: Cadbury Plant bar Almonds, Cadbury Plant bar Almonds Salted Caramel
Lulu’s Chocolate (United States)
Products: Vegan chocolates like buttercups, truffles, bars
Product Names: Maca buttercups – Almond Butter and Maca, Afternoon Delight, Raw Love, Love truffles- Chocolate Hazelnut Butter etc.
Barry Callebaut (Switzerland)
Products: Dairy free vegan chocolates
Product Names: Tanzania Dark chocolate, Sao Tomé Dark chocolate, Swiss Dark Chocolate, Dark chocolate chips M without added sugar etc.
Chocolove (United States)
Products: Different types of vegan chocolate bars
Product Names: Vegan Almond Dragee, 54% Dark Chocolate with Hazelnuts, Dark Single Origin Thins, Overload Hazelnut Barks, 54% Dark Chocolate with Candied Orange, 55 %Cocoa Almond and Sea Salt Dark Chocolate etc.
Theo Chocolate (United States)
Products: Chocolate bars, Cups, Candy, caramels
Product Names: Sea salt, Almond butter cups, Brown rice quinoa crunch, Salted Cashew, Almond brittle crunch etc.
Purdys Chocolatier (Canada)
Products: Chocolate bar, bar bundle, truffle
Product Names: Vegan Dark Trail Mix, Vegan Hawaiian Black Salt Caramels, Vegan Dark Chocolate Bar etc.
Ecofina GMBH (iChoc) (Germany)
Products: Different Vegan chocolate Bars
Product Names: Super Nut, White Vanilla, White Nougat Crisp, Almond Orange, Classic Style etc..
Equal Exchange Coop
Products: Organic dark chocolate bars
Product Names: Panama Extra Dark, Extreme Dark Chocolate, Dark Chocolate Total Eclipse, Chocolate mint Crunch, Chocolate Caramel Crunch etc.
Start-ups/ Emerging companies:
Products: Vegan milk chocolates bars free of gluten
Product Names: Classic Coffee, Fruit and Nut, Classic Mylk, Zesty orange
Products: Vegan Wafer bar chocolates
Product Names: Peanut Butter, Hazelnut, Chocolate Flavour
Products: Manufactures not only vegan but also chocolate free of palm oil, soy and gluten.
Product Names: Nutpucks, Kookie, Original, Popstar
Products: The startup manufactures chocolate balls
Product Names: Choc Balls Salted Caramel, Choc Balls Original
Future of Vegan Chocolate
The vegan chocolate market is witnessing significant growth worldwide. Developing countries, in particular countries like US, Switzerland, etc. have shown a high demand for vegan chocolates. According to the Vegan Society , there is a surge in popularity of veganism, with people from various parts of the world transitioning from vegetarian to vegan diets. This trend has provided market participants with an opportunity to explore new vegan ingredients and create innovative vegan confectionery products. As a result, the sales of vegan confectionery goods are expected to increase by a CAGR value of 12.5% in the time period of 2023-2029.
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