Vegan Ice-Cream Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F, Segmented By Flavor (Chocolate, Vanilla, Strawberry, and Others (Caramel, Blueberry, etc.)), By Product Type (Tub, Sticks, Cones, and Others (Carterton)), By Source (Coconut Milk, Cashew Milk, Soy Milk, Almond Milk, and Others (Rice Milk, Combination), By Distribution Channel (Specialty Stores, Con

Global vegan ice cream market is expected to be driven by the growing number of consumers who are lactose intolerant in the region and is expected to fuel the market growth of the vegan ice cream.

The rise in the number of vegan and diet-conscious consumers around the world is driving the growth of the vegan ice cream market. Furthermore, the increased concern about lactose intolerance caused by a lack of the intestinal enzyme lactase fuels the demand for dairy-free or vegan food products. Vegan ice cream is becoming increasingly popular in both the emerging and established markets. This is due to an increase in the number of people who are allergic to dairy products. Furthermore, it contains significant amounts of fat and delivers delicious flavor and rich creaminess similar to conventional variants, which has led to the further growth of the vegan ice cream market..

Changing Preference Towards Non-Dairy Products Will Drive the Market Demand

The vegan ice cream market has been driven by changing consumer preference towards non-dairy and plant-based products for reasons such as animal welfare, health, benefits, and diet consciousness. Moreover, growing lactose sensitivity among children and adults, as well as increased consumer awareness of the effects of celiac disease, have encouraged customers to convert to non-dairy ice creams, which has propelled the vegan ice cream business. For instance, in 2022, according to the National Institutes of Health (NIH), approximately 65% of the adult human population has some lactose intolerance, which causes abdominal pain and other gastrointestinal effects after consuming dairy products. Lactose intolerance is most common in adults of East Asian heritage, affecting 70 to 100% of the population, including 75 to 90% of Native Americans, Brazil, Cambodia, Asians, Mediterranean’s, and Jews. In order to create vegan ice cream, ice cream manufacturers replace cow milk with coconut milk, cashew milk, soy milk, or almond milk for comprehensive product variations. Consumers who are health-conscious have become more and more captivated with dairy-free items because of lower fat content. Due to all these factors, the demand for vegan ice cream is expected to increase over the forecast period.

Expanding Vegan Ice-Cream Flavors Aid the Market Expansion

One of the main drivers of the market's growth is consumers' growing desire for a wide variety of flavors in ice cream. In other words, the market growth rate is being boosted by the increased availability of flavors like mint chip, peanut butter, strawberry, vanilla, chocolate, coffee hazelnut, and salted caramel. Due to an increase in consumer demand for dairy-free products, the key manufacturers are launching vegan ice cream, which is propelling the market growth. For instance, in January 2023, Ben & Jerry has launched a new non-dairy ice cream flavor named oatmeal dream pie. The new flavor includes gluten-free oatmeal cookies and a non-dairy oatmeal crème pie dessert with marshmallow swirls. Similarly, in 2021, Jermaine Dupri, a music producer, unveiled his own range of creamy coconut-based vegan ice creams under the brand name, JD's Vegan. The company provides six delicious flavors such as Key Lime Pie, Strawberry Sweetheart, Welcome to Atlanta Peach Cobbler, Apple Butter, Chocolate My Way, and Cookies & Cream.

Increased Vegan Population Base Aiding the Market Expansion

The growing vegan population is fueling the market expansion. Changes in consumer purchasing habits have compelled manufacturers to focus on producing low-sugar, less processed ingredients, and label-free ice creams, which are expected to drive market growth during the forecast period. Many traditional ice cream manufacturers are venturing into the new market as innovation becomes increasingly important to align with ever-changing trends, driving profit margins. As a result, to maintain their market presence, these existing companies must reconsider their investment strategies for plant-based alternatives, which has fueled the market growth.

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Market Segmentation

The global Vegan Ice-Cream market is segmented based on flavor, product type, source, distribution channel, region, and competitional landscape. Based on the flavor, the market is fragmented into chocolate, vanilla, strawberry, and others (caramel, blueberry, etc.). Based on product type, the market is segmented into tubs, sticks, cones, and others (Carterton). Based on source, the market is further segmented into coconut milk, cashew milk, soy milk, almond milk, and others (rice milk, combination). Based on distribution channel, the market is segmented into specialty retailers, convenience retailers, hypermarkets & supermarkets, online, and others (dealers & distributors sales, etc.)). The market analysis also studies the regional segmentation divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Company Profiles

Unilever LLC, Van Leeuwen Ice Cream LLC, Oatly Group AB, Wicked Kitchen, Tofutti Brands, Inc., Booja-Booja Company Ltd, Over The Moo, HP Hood LLC (Plant Oat), Bliss Unlimited, LLC (Cosmic bliss), Little Red Rooster Ice Cream Company (NadaMoo)