Experts forecast rapid growth for the vegan chocolate market

By: Trademagazin editor Date: 2023. 06. 26. 11:10

In the next nine years the dairy-free and vegan chocolate market is about to grow fast, way faster than classic dairy alternatives.

The market of dairy-free and vegan chocolates is about to take off

This article is available for reading in Trade magazin 2023/6-7.

New data says that the currently USD 1bn plant-based chocolate sector will reach a value of USD 4bn by 2023. This would mean a 15.5% annual growth rate; the overall chocolate market is likely to develop at just 3.7% per year. ProVeg International claims this growth is the result of consumers increasingly looking to buy healthy or specifically plant-based items. //