Product ID: SQMIG30I2319
Global Vegan Confectionery Market Size, Share, Growth Analysis, By Product(Chocolate, Sugar), By Distribution Channel(Online, and Offline) - Industry Forecast 2024-2031
Report ID:
SQMIG30I2319 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
62 |
Figures:
80
Global Vegan Confectionery Market Regional Insights
The highest demand for vegan confectionery comes from North America, making it the largest region for market growth. There are a number of reasons why North America holds this position. One of these factors is a higher populace which has diverted to vegan diets due to the growing awareness of its benefits on the environment and human health. Other factors include the changing preferences towards plant-based products, supported by North America’s renowned health food and specialty sector. The US has greatly fueled the region’s dominance. The country owes this contribution to a majority of its population who have adopted vegan or vegetarian diets.
Though North America currently leads the market, the Asia-Pacific region is climbing the ladder quickly. A number of reasons can be credited for the APAC region’s rapid growth. These factors include diversifying consumer tastes and preferences, the rising level of awareness about this market’s ethical and health benefits, and an increasing population moving to urban areas. The vegan confectionery market grows further in the region due to nations like Japan, India, and China changing their preference to plant-based products. Another reason for these countries greatly contributing to the APAC region’s growth is their wide vegetarian population who favor sustainable items.
Global Vegan Confectionery Market Report Snapshots
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