The global vegan confectionery market is expected to rise at a CAGR of 7.3% from 2024 to 2034. The market is estimated to be worth US$ 1,377.7 million in 2024 and is expected to reach US$ 3,327.8 million by 2034. Consumers are increasingly adopting plant-based diets due to health concerns and lifestyle disorders. Manufacturers have developed a range of plant-based products to cater to the growing demand in the confectionery industry.
| Attributes | Key Statistics |
|---|---|
| Vegan Confectionery Market Value (2024) | US$ 1,377.7 million |
| Anticipated Market Value (2034) | US$ 3,327.8 million |
| Value-based CAGR (2024 to 2034) | 7.3% |
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Plant-Based Confectionery Sector Propels the Global Vegan Confectionery Market
The global vegan confectionery market has grown remarkably in recent years, propelled forward by many factors. One of the main drivers of demand for vegan confectionery is the rising popularity of veganism, especially among millennials and the working population. The sudden shift toward plant-based diets is linked to the growing awareness of animal rights and environmental sustainability.
Consumers are more concerned about the ethical treatment of animals and the impact of food production on the environment. As a result, there has been a surge in campaigns and awareness efforts to promote veganism and plant-based diets, which has further boosted the market for vegan confectionery. The vegan confectionery market appears to have a promising future, with more expansion anticipated in the upcoming decade
The rising health and wellness awareness has led to a significant surge in demand for vegan confectionery products in recent years. One of the primary reasons behind this trend is the growing perception that vegan sweets are healthier than their traditional counterparts.
Vegan confectionery items are devoid of artificial additives, cholesterol, and allergens, making them an ideal choice for health-conscious people. Moreover, the increasing focus on health and wellness has contributed to the popularity of vegan confectionery products, as people now better understand the harmful impact of consuming excessive sugar and other unhealthy ingredients in traditional sweets.
The demand for plant-based products is increasing due to growing environmental concerns, presenting a profitable opportunity for market players in the vegan confectionery industry.
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The vegan confectionery market experienced a steady CAGR of 7.30% from 2019 to 2023. The market growth is predicted to accelerate to a faster CAGR of 9.2% from 2024 to 2034. The projection suggests that the vegan confectionery product market is likely to experience a sustained decline over the next decade, indicating a growing trend toward plant-based and cruelty-free confectionery options.
| Attributes | Key Statistics |
|---|---|
| Historical Market Value (2023) | US$ 1,276.3 million |
| Vegan Confectionery Market Size (2024) | US$ 1,377.7 million |
| HCAGR (2019 to 2023) | 9.2% |
The demand for organic and sustainable food products is set to rise significantly in the future. The benefits of plant-based diets for both the environment and consumer health are now well known to consumers. Sweet manufacturers are expanding their product lines to include vegan options with various flavors to cater to the different tastes of consumers. Furthermore, the demand for various forms and flavors of vegan confectionery is anticipated to remain high, leading to sustained sales growth and customer retention.
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| Attributes | Details |
|---|---|
| By Product | Vegan Chocolate Bars |
| Market Share in 2024 | 27.6% |
The vegan confectionery market has a wide range of products, with vegan chocolate bars being a popular choice due to their easy availability. In 2024, vegan chocolate bars held a market share of 27.6%.
Vegan chocolate bars are usually crafted using high-quality vegan ingredients, such as dark chocolate, nuts, and dried fruits. They are typically prepared with minimal additives and preservatives, making them a healthier and more natural option for consumers. With growing health concerns, many consumers prefer to opt for organic and natural food products that are perceived to offer more significant benefits in the market.
| Attributes | Details |
|---|---|
| By Distribution Channel | Retail |
| Market Share in 2024 | 42.5% |
The retail distribution channel facilitates higher sales of vegan products, accounting for a market share of 42.5% in 2024. The plant-based food industry has been promoting vegan confectionery products through partnerships with grocers and retail chains.
During the forecast period, the retail distribution channel is expected to experience a faster growth rate. The increasing number of retailers offering competitive pricing propels this segment’s growth. The largest market share can be attributed to easy access and robust distribution outlets.
| Country/Region | CAGR (2024 to 2034) |
|---|---|
| United States | 6.8% |
| United Kingdom | 10.3% |
| Germany | 9.2% |
| Australia | 7.4% |
| BENELUX | 11.9% |
Over the forecast period, the United States market is expected to experience significant growth at a CAGR of 6.8% from 2024 to 2034. To appeal to a broader range of consumers, companies in the United States invest in developing new vegan confectionery products and expanding their distribution channels.
For instance, in February 2023, Mondelez released a new vegan Oreo cookie variant that has been gaining popularity as a dairy-free confectionery product.
The United Kingdom market is expected to experience a significant CAGR of 10.3% from 2024 to 2034. The market for vegan confectionery in the United Kingdom is rising as more people adopt vegan lifestyles.
Manufacturers and suppliers have an opportunity to cater to the growing demand by offering a diverse range of high-quality and delicious vegan confectionery options. The market is driven by health consciousness, environmental concerns, and ethical considerations, making the United Kingdom a promising landscape for the growth of the vegan confectionery market.
The BENELUX region has emerged as a lucrative market for vegan confectionery, holding immense growth potential. Accounting for 11.9% of the global vegan confectionery market, BENELUX dominates the sector due to its large population, evolving dietary preferences, and increased awareness of health and environmental concerns. This has led to a surge in demand for vegan chocolate confectionery and other plant-based products.
Manufacturers and suppliers can introduce high-quality, innovative vegan chocolate confectionery options to tap into the fast-growing BENELUX market. Investing in research and development for unique and appealing vegan chocolate products can help companies stand out in this market.
Germany holds the edge in the vegan confectionery market with an estimated CAGR of 9.2% through 2033. The projection period estimates that the country will experience the quickest growth rate, attributed to the increasing awareness of health and wellness issues.
German consumers are increasingly mindful of the impact of their diet on their health. They seek healthier alternatives to traditional candy, typically high in sugar, calories, and fat. Vegan confectionery is a better option, as it is made with natural ingredients, contains less sugar and fat, and is often free from preservatives and artificial additives.
The Australian vegan confectionery market is expected to grow at a CAGR of 7.4% over the forecast period. The demand for vegan sweets in Australia is rising, with an increasing awareness of animal welfare, health concerns, and a growing interest in plant-based diets contributing to this trend.
Manufacturers and suppliers may exploit the market shift by introducing inventive and high-quality vegan products that suit Australian customers' preferences and values.
The vegan confectionery market has witnessed significant growth and diversification in recent years due to the entry of many competitors. Key players in the industry focus on introducing high-end, nutrient-rich products that cater to a broader range of tastes and preferences to maintain their competitive edge. Moreover, manufacturers are scaling up their production capabilities in response to the growing demand for vegan confectionery items while ensuring their products retain their nutritional value. As a result, consumers now have access to a more extensive and diverse range of vegan confectionery products, contributing to the overall market growth.
Recent Developments in the Vegan Confectionery Market
The global vegan confectionery market is valued at US$ 1,377.7 million in 2024.
In 2023, the global vegan confectionery market was valued at US$ 1,276.3 million.
In 2024, vegan chocolate bars are estimated to hold a market share of 27.6%.
The market is anticipated to expand at a CAGR of 9.2% from 2024 to 2034.
Candies made without dairy and with natural colors, flavors, and real fruit juice can be considered vegan.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Product , 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Product , 2024 to 2034
5.3.1. Chocolate
5.3.2. Sugar
5.3.3. Flour
5.4. Y-o-Y Growth Trend Analysis By Product , 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Product , 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Distribution Channel, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Distribution Channel, 2024 to 2034
6.3.1. Offline
6.3.2. Online
6.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Distribution Channel, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) & Volume (Unit Pack) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Product
8.2.3. By Distribution Channel
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product
8.3.3. By Distribution Channel
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Product
9.2.3. By Distribution Channel
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product
9.3.3. By Distribution Channel
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Product
10.2.3. By Distribution Channel
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product
10.3.3. By Distribution Channel
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Product
11.2.3. By Distribution Channel
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product
11.3.3. By Distribution Channel
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Product
12.2.3. By Distribution Channel
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product
12.3.3. By Distribution Channel
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Product
13.2.3. By Distribution Channel
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product
13.3.3. By Distribution Channel
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Unit Pack) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Unit Pack) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Product
14.2.3. By Distribution Channel
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Product
14.3.3. By Distribution Channel
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Product
15.1.2.2. By Distribution Channel
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Product
15.2.2.2. By Distribution Channel
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Product
15.3.2.2. By Distribution Channel
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Product
15.4.2.2. By Distribution Channel
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Product
15.5.2.2. By Distribution Channel
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Product
15.6.2.2. By Distribution Channel
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Product
15.7.2.2. By Distribution Channel
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Product
15.8.2.2. By Distribution Channel
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Product
15.9.2.2. By Distribution Channel
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Product
15.10.2.2. By Distribution Channel
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Product
15.11.2.2. By Distribution Channel
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Product
15.12.2.2. By Distribution Channel
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Product
15.13.2.2. By Distribution Channel
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Product
15.14.2.2. By Distribution Channel
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Product
15.15.2.2. By Distribution Channel
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Product
15.16.2.2. By Distribution Channel
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Product
15.17.2.2. By Distribution Channel
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Product
15.18.2.2. By Distribution Channel
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Product
15.19.2.2. By Distribution Channel
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Product
15.20.2.2. By Distribution Channel
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Product
15.21.2.2. By Distribution Channel
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Product
15.22.2.2. By Distribution Channel
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Product
15.23.2.2. By Distribution Channel
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Product
16.3.3. By Distribution Channel
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Taza Chocolate
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Alter Eco
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Endangered Species Chocolate, LLC,
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. EQUAL EXCHANGE COOP
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Chocoladefabriken Lindt & Sprüngli AG
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Mondelēz International
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Dylan's Candy Bar
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Endorfin
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Goodio
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Freedom Confectionery
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
17.1.11. Creative Natural Products, Inc.
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.11.5.2. Product Strategy
17.1.11.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Vegan Confectionery Market
