The U.S. vegan chocolate market is set to surpass $294 million over the next five years, according to a new report from Research and Markets.

The research firm reported that the U.S. vegan chocolate market generated $110 million in 2021, and it’s estimated to reach $133.78 million this year. Overall, the market is predicted to grow at a compound annual growth rate of 17.8 percent to total $294.08 million in 2027.