A recent market intelligence report that is published by Data Insights Partner on the global Vegan Dessert Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Vegan Dessert Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Vegan Dessert Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Vegan Dessert Market is offered. In accordance with the report, the global Vegan Dessert Market is projected to expand at a CAGR of 9.9 % over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Desserts that do not contain eggs, gelatin, milk, honey or any other dairy products such as butter, cheese, cream, chocolate etc., are known as vegan desserts. Many traditional desserts are now made without milk and eggs making it fit for consumption for vegans.
The major drivers contribute for the growth of Vegan Dessert market in the forecast period is the increasing demand of alternatives for dairy products and awareness about veganism with easy accessibility of plant-based products available in the market. With an increase in number of consumers allergic to eggs, are lactose intolerant or have chronic diseases like high cholesterol levels, diabetes, obesity etc. opt for vegan diet, Additionally, with an increase in availability of plant milk and fats has stimulated the supply of vegan dessert. Due to the surging popularity of vegan desserts, many restaurants & cafes have put vegan dessert on their menu. With vegan dessert easily available in restaurants, café or even local grocery shops and millennials spending most on dining out, this market is further expected to grow in the forecast period. Many celebrity figures and social media influencers are now encouraging vegan diet, which is anticipated to further contribute to the future market growth of Vegan Dessert market in the forecast period. Many ice cream brands now offer non-dairy options and dairy alternatives like coconut milk, oat milk, soy milk etc. However, the only factor that hampers the growth of vegan dessert market in the forecast period is the small percentage of population that are dedicated vegans.
Due to the growing popularity amongst customers for Vegan dessert and a surge in number of consumers opting for organic, healthier dessert that do not include conventional ingredients, regions of North America and Europe are expected to have the largest market share globally in the forecast period. Many manufacturers are exploring new and innovative vegan desserts. A globally recognized vegan chef, Fran Costigan has launched various books, tv channels, cooking classes, consultations etc. thereby increasing awareness amongst consumers. Also, many manufacturers now opt for different grocery stores to put up their products thereby increasing their sales and market shares. For e.g. dairy free frozen dessert was introduced by Planet Oat, which was easily available in various retails stores like Stop & Shop, Safeway, Giant Carlisle etc.
This market intelligence report on the global Vegan Dessert Market encompasses market segments based on product type, distribution channel and country/regions.
In terms of product, the global Vegan Dessert Market is segregated into
- Biscuits / Cookies
- Cakes & Pastries
- Custards & Puddings
- Frozen Desserts
By distribution channel, the global Vegan Dessert Market is also classified into,
- Store Based Retailing
ü Hypermarkets / Supermarkets
ü Convenience Store
ü Mom & Pop Stores
ü Discount Stores
ü Food & Drink Specialty Store
ü Independent Small Groceries
- Online Retailing
By country/region, the global Vegan Dessert Market has been divided into
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- HP Food (Planet Oat)
- Bliss Unlimited LLC
- Daiya Foods Inc.
- Alternative Foods
- Ben & Jerry’s Homemade Inc.
- Grupo Bimbo
- OGGS and many more.
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Vegan Dessert related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Ø This study offers comprehensive yet detailed analysis of the Vegan Dessert Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Vegan Dessert Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as HP Food, Unilever, Danone S.A., Cado, Bliss Unlimited, Daiya Foods, Alternative Foods, Ben & Jerry’s Homemade, BOSH, Grupo Bimbo, OGGS and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Vegan Dessert Market caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Vegan Dessert Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Vegan Dessert Market
v Identification of key factors driving investment opportunities in the Vegan Dessert Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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