Vegan Ice-Cream Market is Anticipated to Grow at a CAGR of 10.80% till the Forecast year 2029: Trends, Share, Size and Growth
An international Vegan Ice-Cream Market report has been prepared with the thorough analysis carried out by a team of industry experts, dynamic analysts, skilful forecasters and well-informed researchers. The report comprises of a number of dynamics and estimations of the growth rate and the value based on dynamics and growth inducing factors. This global report includes all the company profiles of the major players and brands. Not to mention, vegan ice-cream market report is amazingly characterized with the application of several charts, graphs and tables depending on the extent of data and information involved.
An accurate awareness of the market landscape, problems that can affect the sector in the future, and the best ways to position certain brands are all made possible by a reliable vegan ice cream market study report. The vegan ice-cream market study will be helpful in determining brand recognition, the market landscape, potential future challenges, industry trends, and consumer behaviour in order to maximise return on investment (ROI).
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Global Vegan Ice-Cream Market Analysis and Size
Vegan ice-cream is rich in high lipid substances, sugars, casein, nutrients, and energy. Vegan ice-cream delivers substantial amounts of fat and is rich in delicious flavours including dark chocolate, almond sea salt, cherry cashew, mint chip, raspberry, coffee hazelnut, and salted caramel.
- Data Bridge Market Research analyses that the vegan ice-cream market is expected to undergo a CAGR of 10.80% during the forecast period. This indicates that the market value, which was USD 595.26 million in 2021, would rocket up to USD 1,015.15 million by 2029. “Caramel” dominates the flavor segment of the vegan ice-cream market owing to the rising vegan population base globally.
Global Vegan Ice-Cream Market Definition
From the name itself, it is clear that vegan ice-cream is an ice cream products that is made out of began ingredients or in other words not involving the application of animal products. Vegan ice-cream is made using natural ingredients and resources such as almonds milk, soy milk, coconut milk, cashew milk, and rice milk.
Report Scope and Market Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2019 – 2014) |
| Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
| Segments Covered | Source (Coconut Milk, Almond Milk, Cashew Milk, Soy Milk), Flavor (Vanilla, Chocolate, Butter Pecan, Strawberry, Neapolitan, Cookies and Cream, Mint Choco Chip, Caramel), Product (Impulse, Artisanal, Take Home), Form (Singles, Blends), Distribution Channel (Supermarkets, Convenience Stores, Food and Drink Specialists, Restaurants, Online Stores) |
| Countries Covered | U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA). |
| Market Players Covered | Bliss Unlimited, LLC. (US), General Mills Inc. (US), Wells Enterprises. (US), HAPPY COW LIMITED (India), McDonald’s. (US), Nestlé S.A. (Switzerland), Tofutti Brands, Inc. (US), Unilever (UK), Morrisons Ltd (UK), BOOJA-BOOJA (US), Eden Creamery LLC. (US), Over The Moo (Australia), Waitrose & Partners (UK), DREAM (US), NADAMOO (US), Van Leeuwen Ice Cream LLC (US), Trader Joe’s (US) and Ben & Jerry’s Homemade, Inc. (US) |
| Market Opportunities |
|
Vegan Ice-Cream Market Dynamics
Drivers
Rising Demand for Flavours
Growing demand for a large number of flavours by ice cream lovers is one of the major factor fostering the growth of the market. In other words, the rise in availability of including mint chip, peanut butter, pistachio, strawberry, vanilla, fudge brownie, raspberry, coffee hazelnut, and salted caramel is bolstering the market growth rate.
Research and Development Proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies will further create lucrative market growth opportunities. Research and development proficiencies being conducted to study the health effects of vegan products on the immunity system is also bolstering the market growth rate.
Opportunities
Furthermore, upsurge in the public-private funding for target research activities, changing lifestyle of individuals, increasing occurrences of lactose intolerance and milk-related allergies and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, rising personal disposable income and the introduction of new flavors along with technological advancement and introduction of additional healthy ingredients by different market players will further expand the market’s growth rate in the future.
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COVID-19 Impact on Vegan Ice-Cream Market
COVID-19 has moderately impacted the market owing to the changes in the buying behaviour of the consumers, due to the enhanced awareness of their health, and increasing preference for lactose-free/vegan/plant-based foods including ice creams. Also, growing lactose intolerance while an expanding segment of consumers moving towards a vegan diet. However, with the increasing relaxations, a rise in import and export is significantly expected. Respective governing authorities are beginning to lift these enforced lockdowns which is a positive sign for the market.
Global Vegan Ice-Cream Market Scope
Source
- Coconut Milk
- Almond Milk
- Cashew Milk
- Soy Milk
Flavor
- Vanilla
- Chocolate
- Butter Pecan
- Mint Choco Chip
- Caramel
Product
- Impulse
- Artisanal
- Take Home
Distribution channel
- Supermarkets
- Convenience Stores
- Food and Drink Specialists
- Restaurants
- Online Stores
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Vegan Ice-Cream Market Regional Analysis/Insights
The major countries operating in the vegan ice-cream market are:
U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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