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Vegan Chocolate Market is expected to hit USD 2.66 Bn. by 2029 at a CAGR of 12.3 percent – says Maximize Market Research

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Pune, May 26, 2023 (GLOBE NEWSWIRE) — A global Food & Beverage research and business consulting firm, Maximize Market Research, has published a market intelligence report on the “Vegan Chocolate Market”. The report is a combination of primary and secondary data and domain expert has analyzed the Vegan Chocolate Market from a local and a global point of view. According to MMR analysis, The Global Vegan Chocolate Market size was valued at USD 1.18 Bn in 2022 and the total Renal Cell Carcinoma Treatment revenue is expected to grow at a CAGR of 12.3 percent from 2023 to 2029, reaching nearly USD 2.66 Bn.

Vegan Chocolate Market Report Scope and Research Methodology

Market Size in 2022 USD 1.18 Bn.
Market Size in 2029 USD 2.66 Bn.
CAGR 12.3 percent (2023-2029)
Forecast Period 2023-2029
Base Year 2022
Number of Pages 274
No. of Tables 114
No. of Charts and Figures 111
Segment Covered Product Type, Chocolate Type, Application, Flavor, and Distribution Channel
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Request For Free Sample Report :

https://www.maximizemarketresearch.com/request-sample/188006

The Vegan Chocolate Market report uses a bottom-up approach to estimate the market size by value and volume. The report includes growth hubs, investment feasibility, restraints, and competitive analysis of the market in five major geographic regions such as North America, Asia Pacific, Middle East and Africa, Europe, and South America. The report presents a market analysis through segments along with its multiple sub-segments. The report involves data on major key companies’ mergers and acquisitions and partnerships. The market data has been collected through primary and secondary research methods. Collected data is later analyzed by tools such as SWOT, PORTER’s five force model, and PESTLE analysis , which provides the market’s political, social, economic, environmental, technological, and legal aspects.

Vegan Chocolate Market Dynamics

Increasing Consumer Awareness:

Growing awareness about the environmental impact of animal agriculture, animal welfare concerns, and the health benefits of plant-based diets have increased to a rise in consumer interest in vegan products, including vegan chocolate. As a result, increasing consumers seek ethical and sustainable alternatives driving the demand for vegan chocolate.

Health and Wellness Trends:

The global shift toward healthier lifestyles and the rising prevalence of dietary restrictions and preferences, such as vegetarianism, veganism, and lactose intolerance, have contributed to the growing demand for vegan chocolate, thereby driving the market growth. Health-conscious consumers are seeking chocolate options that are free from dairy, animal products, and artificial additives.

Get a Sample Copy of the Report : https://www.maximizemarketresearch.com/request-sample/188006

Higher Production Costs:

The production costs associated with vegan chocolate are expected to be higher compared to traditional chocolate. Vegan ingredients, such as plant-based milk alternatives, organic and fair-trade ingredients, and specialty substitutes, are more expensive. These increased costs are expected to limit the affordability and accessibility of vegan chocolate products, thereby limiting market growth.

Vegan Chocolate Market Regional Insights

North America led the global vegan chocolate market with the highest market share in 2022 and is expected to maintain its dominance by 2029. Increasing adoption of plant-based and vegan lifestyles by American consumers driving the regional market growth. In addition, increased consumer awareness, health consciousness, and the availability of a wider range of vegan chocolate availability further support the market growth during the forecast period.

The Asia Pacific region is expected to grow at a significant rate during the forecast period. Increasing awareness of health and wellness among consumers is expected to be a driver for regional market growth. Besides that, the Asia Pacific region is home to a large vegetarian and vegan population, particularly in countries such as India, Thailand, and Taiwan, where plant-based diets have a long-standing cultural and religious significance. This population is actively seeking vegan food options, including chocolates, leading to an increased demand for vegan chocolate products, thereby supporting market growth.

Get Customization on this Report for Specific Research Solutions: https://www.maximizemarketresearch.com/request-customization/188006

Vegan Chocolate Market Segmentation

by Product Type        

  • Boxed Assortments
  • Countlines
  • Others

by Chocolate Type        

  • Milk Chocolate & White Chocolate
  • Dark Chocolate
  • Other Types

by Application        

  • Baking Mixes
  • Snack Bars and Cereals
  • Candy, Chocolate & Gums
  • Cocoa Chips and Cookies
  • Coffee
  • Dairy and Desserts
  • Dietary Supplements
  • Ice Cream and Shake Mix
  • Condiments, Sauces, and Spreads
  • Sports Bars and Nutrition
  • Others

by Flavor        

  • Unflavored
  • Flavored

The flavored segment type is expected to grow at a significant CAGR during the forecast period and offer lucrative growth opportunities for the market players. The variety of flavors, including dark chocolate, as well as innovative combinations like sea salt and caramel or mint chocolate, attract a broader consumer base, thereby increasing segment growth.

by Distribution Channel        

  • Supermarkets/Hypermarkets
  • Convenience stores
  • Online Stores
  • Other Distribution Channels

The supermarkets/ Hypermarkets segment dominated the global vegan chocolate market with the highest market share in 2022. The large consumer base, a wide range of product availability, and one-shop experience drive the segment growth.

Vegan Chocolate Key Competitors include:

  • Taza Chocolate (USA)
  • Endangered Species Chocolate (USA)
  • Alter Eco (USA)
  • Hu Chocolate (USA)
  • Theo Chocolate (USA)
  • Sjaak’s Organic Chocolates (USA)
  • Go Max Go Foods (USA)
  • Lagusta’s Luscious (USA)
  • Rescue Chocolate (USA)
  • Unreal Chocolate (USA)
  • 11. Zotter Chocolate (Austria)
  • Ombar Chocolate (UK)
  • Vego Chocolate (Germany)
  • Moo Free Chocolates (UK)
  • Montezuma’s Chocolates (UK)
  • Plamil Foods (UK)
  • iChoc (Germany)
  • Raw Halo (UK)
  • Seed and Bean (UK)
  • Goupie (UK)
  • Loving Earth (Australia)
  • Pana Chocolate (Australia)
  • Mason & Co. (India)
  • Loving Hut (Taiwan)
  • Wellbean Company (South Korea)
  • Benns Ethicoa Chocolate – Ghana
  • Vegan’s Delight – South Africa
  • Pacari Chocolate – Ecuador
  • Hacienda San Jose Chocolate – Peru
  • Amma Chocolate – Brazil

Get the Sample PDF of the Report: https://www.maximizemarketresearch.com/request-sample/188006

Key questions answered in the Vegan Chocolate Market are:

  • What is a Vegan Chocolate?
  • What was the Vegan Chocolate Market Size in 2022?
  • What is the expected Vegan Chocolate Market size during the forecast period?
  • What are the global trends in the Vegan Chocolate Market?
  • What are the major restraints for the Vegan Chocolate Market?
  • Which segment dominated the Vegan Chocolate Market growth?
  • What is the demand pattern for the Vegan Chocolate Market?
  • What growth strategies are the players considering to increase their presence in Vegan Chocolate Market?
  • What are the upcoming industry applications and trends for the Vegan Chocolate Market?
  • Who are the leading companies and what are their portfolios in Vegan Chocolate Market?
  • Which region dominates the largest market share in Vegan Chocolate Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, Organization Size, Application, and Industry Vertical
  • Market Segmentation – A detailed segment analysis
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:

Chocolate Market: Global Chocolate Market size was valued at USD 131.37 Bn in 2021 and the total revenue is expected to grow at 5.1 percent from 2022 to 2029, reaching nearly USD 195.58 Bn. increasing consumption of chocolate to reduce stress driving the market growth.

Chocolate and Confectionery Processing Equipment Market: Chocolate and Confectionery Processing Equipment Market was valued at USD 4.47 Bn in 2022 and is expected to reach USD 8.5 Bn by 2029 at a CAGR of 9.6 percent. The growing demand for chocolate and confectionery products along with innovative and functional products driving the market growth.

Chocolate Beer Market: Chocolate Beer Market size was valued at USD 1.60 Bn. in 2021 and the total Chocolate Beer revenue is expected to grow by 6.88 percent from 2022 to 2029, reaching nearly USD 2.72 Bn. increasing consumer preferences for chocolate beer driving the market growth.

White Chocolate Market: White Chocolate Market size was valued at USD 18.27 Bn. in 2021 and the total revenue is expected to grow at 1.52 percent from 2021 to 2029, reaching nearly USD 20.61 Bn. increasing adoption of white chocolate in multiple end-use industries driving market growth.

Cocoa Liquor Market: The Global Cocoa Liquor Market was valued at USD 21.5 Million in 2022 and is expected to reach USD 31.53 Million by 2029, expanding at a compound annual growth rate of 5.62 percent. The growth of the chocolate industry, which is a major consumer of cocoa liquor, is driving the market growth.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include Energy & Power, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

TRON Forum collaborates with four major microcontroller manufacturers to hold TRON Programming Contest Using World-Standard Real-Time OS with 5 million JP YEN cash prize

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TOKYO, March 29, 2024 /PRNewswire/ — TRON Forum (Chair: Ken Sakamura, Professor Emeritus of the University of Tokyo) is pleased to announce that four microcontroller manufacturers, Infineon Technologies Japan K.K. (President & CEO: Ikuya Kawasaki), STMicroelectronics K.K. (Country Manager for Japan: Koichiro Takakuwa), NXP Japan K.K. (President & CEO: Masayuki Wajima), and Renesas Electronics Corporation (President & CEO: Hidetoshi Shibata) have collaborated with the Forum to hold TRON Programming Contest from Monday, December 11, 2023 jointly. The initial registration is being accepted now.

This contest is for engineers and students in Japan and overseas to compete in various  fields such as microcontroller applications, middleware, development environments, and tools using a member of TRON real-time OS (RTOS) family, “μT-Kernel 3.0” (*), which is a global standard of small-scale embedded computer systems.
(*) μT-Kernel 3.0 is an RTOS that fully complies with the real-time OS standard “IEEE 2050-2018” (IEEE Standard for a Real-Time Operating System (RTOS) for Small-Scale Embedded Systems) and runs on microcontrollers from various manufacturers.
Using the latest microcomputer boards provided by the manufacturers, contestants will compete in technologies that bring out the characteristics of RTOSs such as real-time performance, power saving, and small memory footprint, as well as development environments and tools that utilize new technologies.
The details of the contest with the total amount of cash prize, five million Japanese yen are at the following URL: https://www.tron.org/programming_contest/
About TRON Forum
TRON Forum was established in 2002 to promote TRON Project. We have been actively conducting activities centered on the T-Engine project, which prepares the development environment for embedded systems, and the operation of Ubiquitous ID Centers such as ucode.
In May 2015, Chair Sakamura received the ITU 150th Anniversary Award together with Bill Gates and others for his advocacy of open architecture TRON, which is the origin of ubiquitous networking and the IoT.
One member of the TRON RTOS family has been adopted as an international standard for real-time operating systems (RTOS) for small-scale embedded systems as 2050-2018 by Institute of Electrical and Electronics Engineers (IEEE), the world’s largest association of its kind and an international standardization organization. In 2023, the project leader, Chair Sakamura, received the IEEE Masaru Ibuka Consumer Technology Award from the IEEE in honor of the late Mr. Ibuka. In addition, the TRON RTOS family received the IEEE Milestone recognition in 2023.
URL: https://www.tron.org 
 
 

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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