Chocolate Confectionery Grows Courtesy of Heightened Health Awareness

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Vegan Chocolate

The global chocolate confectionery market is expected to post a compound annual growth rate (CAGR) of nearly 3% during the period 2019-2023, according to the latest market research report by Technavio. Chocolate Confectionery Growth Spurt Courtesy of Heightened Health Awareness

A key factor driving the growth of the market is the rising demand for organic, functional, vegan, and gluten-free chocolate confectioneries. 

From a broader perspective, the growing health consciousness spanning the globe has increased the demand for healthier and organic diets. As a result, the global demand for vegan and gluten-free chocolate confectioneries is increasing rapidly across the world. 

Dark chocolates often are associated with low sugar and high antioxidants.

The demand for premium chocolate confectioneries is increasing rapidly across the world — and with good reason

The popularity of vegan and gluten-free chocolate confectioneries has also witnessed an increase, owing to the rising prevalence of lactose intolerance worldwide.

Thus, the increasing number of product launches featuring organic, gluten-free, vegan, and functional chocolates is indicative of the growth of vendors operating in the global chocolate confectionery market.