DUBLIN--(BUSINESS WIRE)--The "Global Vegan Ice Cream Market Report by Flavour Sales Type Source Distribution Channel Countries and Company Analysis, 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The Vegan Ice Cream Market is projected to reach US$ 1.05 billion by 2032, up from US$ 704.97 million in 2023, with a CAGR of 4.60 percent from 2024 to 2032.
The vegan ice cream industry is booming, driven by a plethora of innovative flavors and ingredients. Traditional dairy alternatives like almond, soy, and coconut milk are now joined by oats, cashews, and hemp bases, offering diverse textures and tastes. Unique flavors like matcha green tea, lavender honey, turmeric chai, and reimagined classics cater to the most discerning palates.
Natural sweeteners like agave and coconut sugar enhance flavors while maintaining health benefits. Superfoods and unique additives like spirulina and adaptogens boost nutrition and appeal to health-conscious consumers. This ongoing innovation attracts vegans and those seeking healthier, ethical dessert options, fueling industry growth. In Feb 2024, Magnum launched vegan Blueberry Cookie Ice Cream With Sorbet Centre. Unilever-owned ice cream brand Magnum has expanded its plant-based range with new Chill Blueberry Cookie ice cream sticks.
The prevalence of dairy allergies and lactose intolerance is increasing in the general population.
The demand for vegan ice cream is surging due to the increasing prevalence of dairy allergies and lactose intolerance. This has prompted a shift towards plant-based alternatives, such as non-dairy milk (e.g., almond, coconut, oat milk) and ice cream.
The popularity of vegan ice cream is driven by growing consumer awareness about health and wellness, alongside a broader trend towards plant-based diets. Retailers and manufacturers are expanding their vegan ice cream lines to meet the diverse tastes of consumers. This trend caters to dietary restrictions and appeals to a broader audience looking for healthier, environmentally friendly choices.
Asia-Pacific vegan ice cream market
The Asia-Pacific ice cream market is growing due to higher disposable incomes and a preference for high-quality products. Increasing demand for ice cream and frozen desserts in the region, particularly in countries like India, Japan, New Zealand, and China, is driving this growth. China's ice cream market is primarily influenced by changing dietary habits, rising disposable incomes, and a growing middle-class population. The increase in per capita disposable income and the growth of the middle-income population group in China present opportunities for developing premium and artisanal ice cream brands in the country.
Japanese consumers enjoy traditional flavors like matcha, black sesame, cherry blossom and more adventurous options such as squid ink and wasabi. Manufacturers are constantly introducing new and unique flavors to cater to diverse preferences. In March 2024, Eclipse Foods launched its plant-based ice cream in Japan as eclipseco, featuring flavors like Cookie Butter Crumble, Classic Chocolate, and Mango Passion Fruit, now available at Family Mart stores in Tokyo. Kaori Onguchi, the company's country manager for Japan, sees this as a significant milestone and just the beginning of their journey in Japan.
Vegan Ice Cream Company News
- Over The Moo, a plant-based ice cream brand introduced a new chocolate flavor to its coconut-based ice cream treats in the UK in May 2024.
- December 2023, Salt & Straw is bringing back the Dairy Free Decadence Series, featuring five vegan ice cream flavors for a limited time. The flavors will be available in-store and for online orders.
Company Analysis: Overview, Recent Development & Strategies, Financial Insights
- Unilever PLC
- Tofutti Brands Inc.
- Van Leeuwen Ice Cream
- SorBabes
- Perry's Ice Cream
- NadaMoo!
- Over The MOO
- Morrisons
- HappyCow
- Double Rainbow Ice Cream
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 220 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $0.7 Billion |
| Forecasted Market Value (USD) by 2032 | $1.06 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Vegan Ice Cream Market
6. Market Share
6.1 Source
6.2 Flavor
6.3 Sales Type
6.4 Distribution Channel
6.5 Country
7. Source
7.1 Coconut Milk
7.2 Soy Milk
7.3 Almond Milk
7.4 Cashew Milk
8. Flavor
8.1 Chocolate
8.2 Caramel
8.3 Coconut
8.4 Vanilla
8.5 Coffee
8.6 Fruit
9. Sales Type
9.1 Impulse
9.2 Take Home
9.3 Artisanal
10. Distribution Channel
10.1 Supermarkets and Hypermarkets
10.2 Convenience Stores
10.3 Online Stores
10.4 Others
11. Country- Global Vegan Ice Cream Market
11.1 North America
11.1.1 United States
11.1.2 Canada
11.2 Europe
11.2.1 France
11.2.2 Germany
11.2.3 Italy
11.2.4 Spain
11.2.5 United Kingdom
11.2.6 Belgium
11.2.7 Netherlands
11.2.8 Turkey
11.3 Asia Pacific
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 Australia
11.3.5 South Korea
11.3.6 Thailand
11.3.7 Malaysia
11.3.8 Indonesia
11.3.9 New Zealand
11.4 Latin America
11.4.1 Brazil
11.4.2 Mexico
11.4.3 Argentina
11.5 Middle East & Africa
11.5.1 South Africa
11.5.2 Saudi Arabia
11.5.3 UAE
12. Porter's Five Analysis
12.1 Bargaining Power of Buyers
12.2 Bargaining Power of Suppliers
12.3 Degree of Rivalry
12.4 Threat of New Entrants
12.5 Threat of Substitutes
13. SWOT Analysis
13.1 Strength
13.2 Weakness
13.3 Opportunity
13.4 Threat
For more information about this report visit https://www.researchandmarkets.com/r/wghow8
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