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)|
|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.|
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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.
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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.
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Vegan Chocolate Market Segmentation
by Product Type
- Boxed Assortments
by Chocolate Type
- Milk Chocolate & White Chocolate
- Dark Chocolate
- Other Types
- Baking Mixes
- Snack Bars and Cereals
- Candy, Chocolate & Gums
- Cocoa Chips and Cookies
- Dairy and Desserts
- Dietary Supplements
- Ice Cream and Shake Mix
- Condiments, Sauces, and Spreads
- Sports Bars and Nutrition
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
- 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
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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?
- 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
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.
Cisco Doubles Down on Network Assurance with AWS
Cisco delivers seamless integration between ThousandEyes and Amazon CloudWatch Internet Monitor.ThousandEyes’ unmatched cloud and Internet visibility combined with AWS’s Internet health and performance insights will allow a complete view of an application’s entire service delivery path, across private environments, the public Internet and into AWS’s network.Customers benefit from new operational insights and recommendations enabling them to optimize deployments and assure exceptional digital experiences for any AWS-hosted application.LAS VEGAS, Nov. 28, 2023 /PRNewswire/ — AWS re:Invent — Today at AWS re:Invent 2023, Cisco (NASDAQ: CSCO) announced new integrations between Cisco ThousandEyes and Amazon CloudWatch Internet Monitor (CWIM), a new Internet monitoring service from Amazon Web Services (AWS). The first-of-its-kind integration empowers customers with unparalleled visibility into their cloud deployments, enabling them to deliver unmatched optimized digital experiences.
With this new integration, customers can leverage operational insights to ensure optimal placement of AWS instances and monitoring coverage based on user traffic profiles. This integration comes on the heels of ThousandEyes announcing AWS Network Path Enrichment, giving customers deeper visibility into AWS by enriching ThousandEyes Path Visualization with data from AWS data sources—helping customers work more collaboratively with providers to resolve issues that are impacting application performance.
Building upon the existing relationship between AWS and Cisco, the new integration demonstrates Cisco’s deep commitment to its end-to-end network assurance vision. Cisco securely and sustainably connects everyone to everything and assures the digital experience of every one of those connections. By working with AWS, Cisco is delivering on its promise to provide visibility into every domain that impacts digital experience—whether user, enterprise, Internet, or cloud—so it can ultimately provide artificial intelligence (AI)-driven insights, recommendations, and remediations to support the digital transformation of every customer, wherever they are on their journey.
“Since launching one year ago, Amazon CloudWatch Internet Monitor has delivered real-time insights into the traffic and performance of our customers’ AWS VPCs, CloudFront distributions, and Workspaces towards Internet destinations. In-depth Internet visibility is critical to our customers, so we’re excited to combine forces with ThousandEyes to provide a comprehensive view of Internet health.” — Robert Kennedy, VP of AWS Border Network Engineering, AWS
“Connectivity is key to Sutherland’s business model and to our customer interactions. Cloud visibility is a big part of that and with ThousandEyes’ end-to-end visibility all the way from our employees’ home environments to AWS, we’re able to quickly catch and resolve issues which allows us to deliver consistent high-quality application experiences to both our employees and customers.”—Ted Sanfilippo, VP Infrastructure, Head of Global Network Services and GTOC, Sutherland
“Customers today need to assure digital experiences over any network—the ones they own and the ones they don’t. As the leader in Internet visibility, Cisco is on a mission to deliver unmatched, end-to-end network assurance. Today’s integration with AWS demonstrates our shared commitment to empower our customers to more effectively monitor and manage their cloud environments.”— Mohit Lad, Senior Vice President and General Manager, Network Assurance, Cisco, and Co-Founder, ThousandEyes
For more information and live demos visit ThousandEyes at AWS re:Invent at booth #1621. Join our Lightning Talk on the exhibit floor: NET102-S, “Extending ThousandEyes visibility to the AWS network,” November 28 at 3:30 PM – 3:50 PM (PDT)
The Amazon CloudWatch Internet Monitor integration will be available in Cisco ThousandEyes in spring 2024. The ThousandEyes platform is available for purchase today in AWS Marketplace.Additional Resources
ThousandEyes Announcement BlogAWS Marketplace: CiscoCisco at AWS re:Invent 2023Additional Cisco news at AWS re:InventAbout CiscoCisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals. Discover more on The Newsroom and follow us on X at @Cisco. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
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Artificial Neural Network Market to Reach $1.4 Billion by 2032 at 19.9% CAGR: Allied Market Research
The growing demand for AI-based solutions and the rising need for intelligent business processes are expected to drive the global artificial neural network market growth.
NEW CASTLE, Del., Nov. 28, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Artificial Neural Network Market by Component (Solution and Service), Deployment Mode (On-premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium-sized Enterprises), and Industry (Healthcare, BFSI, Retail and E-commerce, Manufacturing, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2032”. According to the report, the artificial neural network industry generated $227.8 million in 2022 and is anticipated to generate $1.4 billion by 2032, witnessing a CAGR of 19.9% from 2023 to 2032.
Prime determinants of growth
The notable factors positively affecting the artificial neural network market include the growing demand for AI-based solutions and the rising need for intelligent business processes. However, a lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN) can hinder market growth. Furthermore, advancements in big data analytics and the availability of high-performance computing systems offer lucrative market opportunities for the market players.
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Report coverage & details:
Market Size in 2022
Market Size in 2032
No. of Pages in Report
Component, Deployment Mode, Enterprise Size Industry, and Region.
Growing demand for AI-based solutions
The rising need for intelligent business processes
Advancements in big data analytics.
The availability of high-performance computing systems.
A lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN)
Buy this Complete Report (450 Pages PDF with Insights, Charts, Tables, and Figures) at:
The solution segment to maintain its leadership status throughout the forecast period
Based on component, the solution segment held the highest market share in 2022, accounting for less than two-fifths of the artificial neural network market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the growing need for a high level of personalization which is one of the primary reasons enterprises are increasing their investment in the artificial neural network market. However, the services segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. The services segment is expected to witness the highest growth, as these services help to reduce the time and costs associated with optimizing systems in the initial phase of deployment.
The on-premise segment to maintain its lead position during the forecast period
Based on deployment mode, the on-premise segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue. An increase in the need for secure and reliable data within the organization is fueling the market growth for on-premises-based artificial neural network solutions. However, the cloud segment is expected to portray the largest CAGR of 21.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides several advantages such as reducing costs, supporting business, and effectively controlling the business environment in the organization.
The large enterprises segment to maintain its lead position during the forecast period
Based on enterprise size, the large enterprises segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue, owing to the growing demand for artificial neural network solutions in large enterprises which is fueling the market growth in these enterprises. However, the small and medium-sized enterprises segment is expected to portray the largest CAGR of 22.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides various benefits to the small and medium-sized enterprises organization.
The healthcare segment to maintain its lead position during the forecast period
Based on industry vertical, the healthcare segment accounted for the largest share in 2022, contributing for less than two-fifths of the artificial neural network market revenue, owing to the development of digital technologies in IT sector. However, the manufacturing segment is projected to manifest the highest CAGR of 24.3% from 2023 to 2032. The surge in implementation of automation trends and the increase in utilization of digital technology in this sector are expected to provide lucrative opportunities for the market.
North America region dominated the global artificial neural network market in 2022
Based on region, the North America segment held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the artificial neural network market revenue. The increase in the usage of artificial neural network solutions in businesses to improve businesses and the customer experience is anticipated to propel the growth of the market in this region. However, the Asia-Pacific segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. Countries such as China, India, and South Korea are at the forefront, embracing digital technologies to enhance their effectiveness and competitiveness, which is further expected to contribute to the growth of the market in this region.
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Recent Product launches in the Artificial Neural Network Market
In April 2023, Google LLC launched a cloud-based automation toolkit for healthcare organizations and previewed Med-PaLM 2, a neural network capable of answering medical exam questions.In August 2021, IBM Corporation unveiled details of the upcoming new IBM Telum Processor designed to bring deep learning inference to enterprise workloads to help address fraud in real-time..Recent Partnerships in the Artificial Neural Network Market
In June 2023, Snowflake partnered with Microsoft to simplify joint customers’ artificial intelligence projects. A core focus of the collaboration is Microsoft’s Azure OpenAI Service. It provides cloud-based versions of OpenAI LP’s machine learning models, including GPT-4.In November 2021, Qualcomm Technologies partnered with Google Cloud, on Neural Architecture Search (NAS), enabling the companies to create and optimize AI models automatically rather than manually.Leading Market Players: –
Amazon Web Services Inc. Google Inc. Hewlett Packard Enterprise Development LP IBM Corporation Intel Corporation Microsoft Corporation NVIDIA Corporation Oracle Corporation Qualcomm Technologies Inc. Salesforce Inc.The report provides a detailed analysis of these key players in the artificial neural network market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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New process definition capabilities in PIMS further enhance quality assurance and “right -first-time” initiatives for pharma manufacturers
WOKING, England, Nov. 28, 2023 /PRNewswire/ — IDBS unveils new process definition templates in its latest release, PIMS 5.1. Process definition templates enable pharma manufacturers to template process steps and quality specifications for faster process definition set-up and improved harmonization across the manufacturing teams to further enhance quality assurance (QA) and “right-first-time” initiatives.
Providing contextualized access to aggregated manufacturing data, PIMS offers a single source of data truth for efficient gathering, sharing and analysis of critical manufacturing process and quality data to support continued process verification (CPV), investigations and process optimization.
This release builds on recent PIMS’ process definition enhancements that added process definition versioning and approvals to help alleviate manual standard operating procedure (SOP) requirements and enhance QA for a more robust GxP environment.
PIMS’ customers report that these standardized process definition templates will reduce their manual process definition set-up and enable easy, harmonized site and product comparisons.
“Our customers recognize the value of being able to trace their process data over time, not only for tech transfer but also to help them learn from their historical data and optimize future process development,” says Pietro Forgione, General Manager at IDBS. “Having their critical process data in PIMS already gives them the assurance of data integrity and these new enhancements now make it even easier to complete QA and validation steps and move them closer to ‘right-first-time’ manufacturing.”
To learn more, register for the December 6 webinar here.
IDBS helps BioPharmaceutical organizations accelerate the discovery, development and manufacturing of the next generation of life-changing therapies that advance human health worldwide. From lab through manufacturing, IDBS leverages its 30+ years of experience working with a diverse list of customers – including 18 of the top 20 global BioPharma companies – and deep expertise in scientific informatics and process data management to tackle today’s most complex challenges.
Known for its signature IDBS E-WorkBook product, IDBS has extended solutions across the entire value chain for BioPharma Lifecycle Management (BPLM). Built on analytics-centric and cloud-native technology, IDBS Polar and Skyland PIMS platforms are powered by a digital data backbone to drive faster and smarter decisions in drug development and across the supply chain.
Learn more at idbs.com.
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