The vegan desserts market is a growing industry due to increasing consumer demand for plant-based and cruelty-free products. Vegan desserts are desserts that do not contain any animal products, such as milk, eggs, or honey. Instead, they are made with plant-based ingredients such as nuts, seeds, fruits, and vegetable-based substitutes. The market for vegan desserts has seen significant growth in recent years, with a rising number of people adopting a vegan or vegetarian lifestyle. The global vegan dessert market size was valued at USD 8.6 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 9.5% from 2021 to 2028.
In addition to the increasing demand for vegan products, there is also a growing awareness of the environmental impact of animal agriculture. Vegan desserts offer a more sustainable and ethical alternative to traditional desserts made with animal products. Some popular types of vegan desserts include vegan ice cream, cakes, brownies, cookies, and pies. Many food companies and restaurants have started to offer vegan dessert options, and there are also numerous vegan dessert recipes available online for those who prefer to make their own desserts at home.
Overall, the vegan desserts market is expected to continue to grow as more consumers become aware of the benefits of a plant-based diet and seek out vegan options for their sweet treats.
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Key findings of the Vegan Desserts market study:
- The report provides a present market outlook on Vegan Desserts. Additionally, the Vegan Desserts market share is anticipated to grow with a CAGR of 10% in the forecast period.
- Regional breakdown of the Vegan Desserts market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Vegan Desserts vendors in detail.
- Region-wise and country-wise fragmentation of the Vegan Desserts market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Vegan Desserts market.
- Vegan Desserts price, market share, and Trends forecast for assessment period 2021-2031
- Cakes & Pastries
- Custard & Puddings
- Frozen Desserts (Ice-creams, Yogurts, etc.)
- Others (banana, strawberry, etc.)
By Distribution Channel
- Vitamins & Supplements Stores
- Retail and Departmental Stores
- Vegan Fairs
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- Northern Africa
- Southern Africa
- Other Africa
The Vegan Desserts industry is dominated by some prominent players including
- HP Hood LLC
- Unilever plc
- Coconut Bliss
- Daiya Foods Inc
- Ben & Jerry’s Homemade, Inc
- Nature’s Bakery
- Enjoy Life Foods
- Glico Global
- Tokyo Banana
- Tokyo Campanella I’ll Co., Ltd.
- Dandelion Chocolate
- Iemon Salon.
The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the Vegan Desserts market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for Vegan Desserts brands leading to an impact on the margin profits of firms.
Report Benefits & Key Questions Answered
- Vegan Desserts Company & brand share analysis: Company and brand share analysis on Vegan Desserts reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Vegan Desserts Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Vegan Desserts
- Vegan Desserts Category & segment level analysis: Fact.MR’s Vegan Desserts sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Vegan Desserts Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending on Vegan Desserts: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments
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