What Is The Overview Of The Global Non-Dairy Ice Cream Market?
Non-dairy ice cream refers to a frozen dessert that mimics the taste and texture of traditional dairy-based ice cream but is made without any animal products. It uses plant-based alternatives such as almond, coconut, or soy milk, with various flavors and textures to cater to different dietary preferences. It provides a delicious alternative for those who follow a vegan, vegetarian, or plant-based diet.
Non-Dairy Ice Cream Global Market Report 2024 provides data on the global non-dairy ice cream market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Non-Dairy Ice Cream market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Projections Can We Expect For The Size And Growth Rates Of The Global Non-Dairy Ice Cream Market?
The non-dairy ice cream market size has grown rapidly in recent years. It will grow from $0.93 billion in 2023 to $1.03 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to changing demographics, cultural diversity and dietary preferences, celebrity endorsements and influencers, and restaurant and dessert menu inclusions. The non-dairy ice cream market size is expected to see rapid growth in the next few years. It will grow to $1.57 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to government regulations, price competitiveness, allergen-free options, investment and marketing, and flavor diversity. Major trends in the forecast period include innovation in ingredients, product innovation, collaborations and partnerships, premiumization, functional ingredients, and innovative packaging.
What Are The Core Factors Supporting Growth In The Non-Dairy Ice Cream Market?
An increasing vegan population is expected to propel the growth of the non-dairy ice cream market going forward. The vegan population refers to individuals who adhere to a lifestyle and diet that excludes animal-derived products. The rise in the vegan population is attributed to growing concerns about animal welfare, environmental sustainability, and personal health. Non-dairy ice cream is a popular choice among the vegan population. It provides a delicious frozen dessert option that aligns with a plant-based lifestyle while offering diverse flavors and creamy textures without animal products. For instance, in January 2023, according to a report published by the United States Department of Agriculture, a US-based federal department responsible for various aspects including farming, forestry, and food, it was highlighted that in Germany, nearly 8 million people adhered to a vegetarian diet, with 1.58 million identifying as vegan in 2022. Moreover, approximately 55% of the population in Germany is classified as part-time vegetarians or flexitarians, demonstrating a growing concern about meat consumption. Therefore, the increasing vegan population is driving the growth of the non-dairy ice cream market. The market size for this segment was valued at $620 million in 2023, is projected to reach $750 million in 2024, and $1.1 billion by 2028.
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What Are The Major Segments Within The Global Non-Dairy Ice Cream Market?
The non-dairy ice cream market covered in this report is segmented –
1) By Flavor: Chocolate, Caramel, Coconut, Vanilla, Coffee, Fruit, Cookies And Cream, Strawberry, Other Flavors
2) By Source: Coconut Milk, Almond Milk, Cashew Milk, Soy Milk, Oat Milk, Other Sources
3) By Packaging Type: Bottle, Cans
4) By Distribution Channel: Supermarkets, Convenience Stores, Food And Drink Specialists, Restaurants, Online Stores, Other Distribution Channels
Which Trends Are Expected To Transform The Non-Dairy Ice Cream Market?
Companies in the vegan ice cream market are focusing on innovative products such as sorbet-filled ice creams to expand their offerings. For instance, in February 2024, Magnum, a Unilever PLC brand, introduced a vegan blueberry cookie ice cream with a sorbet center. This product combines vegan vanilla biscuit-flavored ice cream with a vegan chocolate coating, crunchy cookie pieces, and a blueberry sorbet core, catering to vegan consumers.
What Is The Fastest Growing Region In The Non-Dairy Ice Cream Market?
North America was the largest region in the non-dairy ice cream market in 2023. The regions covered in the non-dairy ice cream market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
