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
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGlobal 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.
More and more people are going vegan or trying to eat healthier, and that's a big reason why vegan ice cream is taking off! Plus, lots of folks are realizing they're lactose intolerant, meaning their bodies don't handle dairy so well – all thanks to a lack of that intestinal enzyme, lactase. That's making dairy-free and vegan options really popular. You're seeing vegan ice cream pop up everywhere, from brand new markets to places that have been around for ages. A lot of people are allergic to dairy these days, which is also contributing. But hey, even if you can eat dairy, vegan ice cream is surprisingly good! It's got significant amounts of fat and still delivers that delicious flavor and rich, creamy texture we all crave, just like the regular stuff. That's why the vegan ice cream market is booming!
Changing Preference Towards Non-Dairy Products Will Drive the Market Demand
So, what's driving the vegan ice cream craze? Well, a lot of folks are shifting towards plant-based options because they care about animal welfare, want to eat healthier, or are just more diet-conscious. Plus, more and more people, both kids and adults, are realizing they're lactose sensitive or have celiac disease, pushing them towards non-dairy alternatives. I mean, think about itthe National Institutes of Health (NIH) says around 65% of adults have some level of lactose intolerance! That can cause some serious tummy troubles after eating dairy. It's especially common in certain groups, like East Asians (70-100%), Native Americans (75-90%), and people from Brazil, Cambodia, Asia, the Mediterranean, and the Jewish community. To make vegan ice cream, companies are swapping out cow milk for things like coconut milk, cashew milk, soy milk, or almond milk, giving us tons of yummy choices. And since these dairy-free options are often lower in fat, health-conscious consumers are all over them. All this means vegan ice cream is only going to get more popular!
Expanding Vegan Ice-Cream Flavors Aid the Market Expansion
What's making the ice cream market so hot right now? Well, one big reason is that people are craving more exciting flavors! We're not just talking about your basic mint chip anymore. Think peanut butter, strawberry, vanilla, chocolate, coffee hazelnut, and even salted caramel! And with more and more people looking for dairy-free options, companies are stepping up their game. For example, in January 2023, Ben & Jerry's launched a new non-dairy flavor called oatmeal dream pie, packed with gluten-free oatmeal cookies and marshmallow swirls! Even Jermaine Dupri, the music producer, got in on the action in 2021 with his own line of coconut-based vegan ice creams called JD's Vegan, offering yummy flavors like 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
So, when we talk about the global Vegan Ice-Cream market, we can break it down in a few waysfirst, by flavor – think chocolate, vanilla, strawberry, and all those other yummy ones like caramel and blueberry. Then we have product typetubs, sticks, cones, and even other formats. The source is another key piece – coconut milk, cashew milk, soy milk, almond milk, and things like rice milk blends. And how do you buy it? That’s the distribution channel – specialty retailers, your local convenience store, big hypermarkets & supermarkets, online, and other options like dealers and distributors. Finally, we look at the market across different regionsNorth America, Europe, Asia-Pacific, South America, and the 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)
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2021 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | Flavor Product Type Source Distribution Channel Region |
| Regional Scope | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Country Scope | United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, China, Japan, India, Australia, South Korea, Saudi Arabia, UAE, Turkey, South Africa, Brazil, Argentina, Colombia |
| Key Companies Profiled | 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) |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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