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Valid advertising price list: 2023 bound to travel to Europe’s most popular destinations, Germany, Italy, and France present excellent potential for businesses offering vegan treats in conveniently packaged forms.
The Chinese vegan cookies market is expected to grow at a CAGR of 7.2% over the forecast period, while in India, it is likely to have a market share of 4%.
The development of novel products is a widely observed pattern in the vegan cookies industry. Players in the vegan cookies industry are constantly developing ways to better meet the needs of their consumers. In March 2020, for example, Chloe’s Oatmilk Pops was released by US vegan specialist Chloe’s. It is a range of frozen sweets manufactured with clean-label ingredients that are good for the environment. Claims include dairy-free, plant-based, Non-GMO Project Verified and gluten-free.
Fruit-based products also hold potential in this market segment. To capitalize on this opportunity and increase its presence in Europe, Dawn Foods acquired JABEX in 2021, a Polish family-owned manufacturer specializing in fruitbased products for the bakery industry. In addition to the benefits of geographic expansion, JABEX complements Dawn’s portfolio. The winner: vegan, sweet bakery product opportunities. +++
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