IMARC Group, a leading market research company, has recently releases report titled “Vegan Ice Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global vegan ice cream market growth, size, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Vegan Ice Cream
Vegan ice cream is a dessert made without animal-derived ingredients and with substitutes for dairy milk, such as almond, soy, coconut, or oat milk. It is produced by blending milk alternatives with natural sweeteners, stabilizers, and flavors, ensuring a creamy texture and rich taste. It is available in multiple types, encompassing a variety of flavors, including vanilla, chocolate, butterscotch, strawberry, pineapple, mango, and raspberry. It is often integrated with various exotic fruits and nuts. It offers lower saturated fat content, no cholesterol, and often fewer calories, making it a favored choice for health-conscious individuals. It also caters to individuals with lactose intolerance or dairy allergies.
How Big Is the Vegan Ice Cream Market?
The global vegan ice cream market size reached US$ 671.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,006.4 Million by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.
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What are the growth prospects and trends in the vegan ice cream industry?
At present, increasing preferences for plant-based diets due to animal welfare and environmental concerns represent one of the vital factors impelling the growth of the market. Additionally, the rising innovations in the plant-based milk industry are offering numerous nutritious options and creating an array of flavors and textures in vegan ice cream. Besides this, the rising number of celebrity endorsements and social media campaigns adopted by key market players to highlight the benefits of veganism and encourage dairy-free alternatives are supporting the market growth.
Moreover, technological advancements in food processing techniques to enable manufacturers to improve the texture, flavor, and shelf-life of vegan ice creams are positively influencing the market. In addition, the increasing prevalence of lactose intolerance and dairy allergies among the masses is propelling the market growth. Furthermore, the rising adoption of sustainable practices by vegan ice cream companies in their supply chain like sourcing ethically produced ingredients and implementing eco-friendly manufacturing processes, is bolstering the market growth.
Apart from this, there is a growing number of artisanal and small-batch vegan ice cream producers that are focusing on unique, handcrafted flavors and premium quality and catering to consumers seeking artisanal experiences.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Source:
- Coconut Milk
- Soy Milk
- Almond Milk
- Cashew Milk
Breakup by Flavor:
- Chocolate
- Caramel
- Coconut
- Vanilla
- Coffee
- Fruit
Breakup by Sales Type:
- Impulse
- Take Home
- Artisanal
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Arctic Zero
- Booja-Booja
- Double Rainbow Ice Cream
- HappyCow
- Morrisons
- NadaMoo!
- Over The MOO
- Perry's Ice Cream
- SorBabes
- Tofutti Brands Inc.
- Unilever PLC
- Van Leeuwen Ice Cream
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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