Vegan Dessert Market

Vegan Dessert Market was valued at USD 2,770 million in 2019 and is expected to register a CAGR of 10.1% during the forecast period.

Veganism is the practice of abstaining from animal products, particularly in diet. Dietary vegans (also known as “strict vegetarians”) refrain from consuming meat, eggs, dairy products, and other animal-derived substances. Vegan desserts are gaining prominence among the vegan population worldwide as it is increasingly preferred after having a meal.

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The major factors driving the global vegan dessert market growth are the increasing demand for dairy alternatives and growing awareness for veganism, which has surged the need for the vegan dessert industry. Vendors of the industry offer numerous plant-based sweet dishes offering quality, taste, and visual appeal of the traditional desserts. The vegan dessert is gaining a place in the menu of restaurants and cafes to capture the demand of the consumers having dietary concerns, such as allergic to eggs, lactose intolerance, and high cholesterol level. In addition to this, the availability of plant milk and fats has fuelled the supply of vegan desserts.

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Based on the product type, the cakes and pastries segment is expected to dominate the market during the forecast period. These products are considered a celebrity dish served on ceremonial events, such as birthdays, weddings, and anniversaries. Rapid urbanization, along with the increasing purchasing power of the millennials, is fuelling the demand of the segment.

On the basis of the distribution channel, the HoReCa distribution channel is anticipated to grow at a higher CAGR during the forecast period. This is attributed to the growing trend of dine-out, which has fuelled the sales of vegan desserts through hotels, restaurants, and cafes. On the other hand, the offline segment is expected to dominate the market over the forecast period. The offline stores such as supermarkets, hypermarkets, grocery stores, and convenience stores are witnessing strong demand due to the various exceptional features offered by these stores, such as attractive discount offers.  Consumers are increasingly opting for offline stores due to the wide range of product availability and discounts. Thus, all these factors are responsible for the growth of the segment in the coming years.

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Based on the region, Asia-Pacific is anticipated to lead the global vegan dessert market due to the rise in the demand for vegan dessert, especially in India and Singapore.

Various notable players operating in the market include HP Hood (Planet Oat), Unilever, Danone S.A., Cado, Bliss Unlimited, LLC., Daiya Foods Inc., Alternative Foods, Ben & Jerry’s Homemade, Inc., BOSH, OGGS, and Grupo Bimbo, among others.

The global Vegan Dessert market has been segmented based on product type, distribution channel, and regions. Based on Type, the market is segmented into Biscuits/Cookies, Cakes & Pastries, Custards & Puddings, Frozen Desserts. Based on the distribution channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, HoReCa, Online and Others. Based on key regions, the market is segmented into North America, Europe, Asia, and the Rest of the World.

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Key questions answered in this research report:

• • At what pace is global Vegan Dessert market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Vegan Dessert market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Vegan Dessert market?
  • What are the various product types of global Vegan Dessert market and how they are poised to grow?
  • Which Product Type generated maximum revenues in 2019 and identify the most promising Material Types during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Vegan Dessert Market by Product Type 

• • Biscuits/Cookies
  • Cakes & Pastries
  • Custards & Puddings
  • Frozen Desserts
  • Others

Global Vegan Dessert Market by Distribution Channel 

• • Supermarkets/Hypermarkets
  • Convenience Stores
  • HoReCa
  • Online
  • Others

Global Vegan Dessert Market by Region

• • North America Vegan Dessert Market (Option 1: As a part of the free 25% customization)
    • North America Vegan Dessert Market by Product Type
    • North America Vegan Dessert Market by Distribution Channel
    • US Vegan Dessert Market All-Up
    • Canada Vegan Dessert Market All-Up
  • Europe Vegan Dessert Market (Option 2: As a part of the free 25% customization)
    • Europe Vegan Dessert Market by Product Type
    • Europe Vegan Dessert Market by Distribution Channel
    • UK Vegan Dessert Market All-Up
    • Germany Vegan Dessert Market All-Up
    • France Vegan Dessert Market All-Up
    • Spain Vegan Dessert Market All-Up
    • Rest of Europe Vegan Dessert Market All-Up
  • Asia-Pacific Vegan Dessert Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Vegan Dessert Market by Product Type
    • Asia-Pacific Vegan Dessert Market by Distribution Channel
    • China Vegan Dessert Market All-Up
    • India Vegan Dessert Market All-Up
    • Japan Vegan Dessert Market All-Up
    • Rest of APAC Vegan Dessert Market All-Up
  • RoW Vegan Dessert Market (Option 4: As a part of the free 25% customization)
    • RoW Vegan Dessert Market by Product Type
    • RoW Vegan Dessert Market by Distribution Channel
    • Brazil Vegan Dessert Market All-Up
    • South Africa Vegan Dessert Market All-Up
    • Saudi Arabia Vegan Dessert Market All-Up
    • UAE Vegan Dessert Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Vegan Dessert Market All-Up

Global Vegan Dessert Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • HP Hood (Planet Oat)
  • Unilever
  • Danone S.A.
  • Cado
  • Bliss Unlimited, LLC.
  • Daiya Foods Inc.
  • Alternative Foods
  • Ben & Jerry’s Homemade, Inc.
  • BOSH!
  • Grupo Bimbo
  • OGGS