Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Vegan Ice Cream Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Vegan Ice Cream Market?
The market size of the vegan ice cream industry has experienced a significant increase recently. The market size is predicted to rise from $0.72 billion in 2024 to $0.78 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%.
What Are the Expected Market Growth Trends for the Vegan Ice Cream Market Through 2029?
The Vegan Ice Cream Global Market is projected to expand to $1.04 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 7.6%.
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What Are the Key Business Drivers in the Vegan Ice Cream Market Landscape?
The key drivers in the vegan ice cream market are:
• A rise in health awareness and knowledge about health issues.
• Promoting health awareness through dairy-free alternatives with potentially less cholesterol and saturated fat.
• Perception of plant-based ingredients as healthier options.
• Sector catering to individuals who are conscious of their dietary choices and seeking health-aligned alternatives.
How Is the Vegan Ice Cream Market Divided Across Key Categories?
The vegan ice creammarket covered in this report is segmented –
1) By Source: Coconut Milk, Almond Milk, Cashew Milk, Soy Milk
2) By Product: Impulse, Artisanal, Take Home
3) By Form: Singles, Blends
4) By Flavor: Vanilla, Chocolate, Butter Pecan, Strawberry, Neapolitan, Cookies And Cream, Mint Chocolate Chip, Caramel
5) By Distribution Channel: Supermarkets, Convenience Stores, Food And Drink Specialists, Restaurants, Online Stores
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What Are the Ongoing Trends in the Vegan Ice Cream Market?
The key trends in the vegan ice cream market are:
• There is an increasing trend of incorporating innovative products with sorbet centers in the vegan ice cream market.
• The focus on expanding product portfolios is becoming more prevalent among major companies.
• The launch of vegan options by existing brands is an emergent trend.
• There is a rising trend of vegan ice cream options suitable for those following a vegan diet.
Which Companies are Expanding in the Vegan Ice Cream Industry?
Major players in the vegan ice cream market are:
• Nestlé S.A.
• McDonald's Corporation
• The Hain Celestial Group Inc.
• Wells Enterprises
• Ben & Jerry's Homemade Holdings Inc.
• Oatly Group AB
• Jeni's Splendid Ice Creams
• Perfect Day Inc.
• Perry's Ice Cream
• Van Leeuwen Ice Cream
• Tofutti Brands Inc.
• So Delicious Dairy Free
• Coolhaus
• Happy Cow Limited
• NadaMoo
• Bliss Unlimited LLC
• Booja-Booja Company Ltd.
• Over The Moo
• Frankie & Jo's LLC
• Three Twins Organic Inc.
• Oat & Mill
• McConnell's Fine Ice Creams
Which is the Largest Region the Global Vegan Ice Cream Market?
North America was the largest region in the vegan ice cream market in 2024
