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Vegan Ice Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 145 Pages
  • April 2022
  • Region: Global
  • IMARC Group
  • ID: 5577975
UP TO OFF until Dec 31st 2022
The global vegan ice cream market reached a value of US$ 592.8 million in 2021. Looking forward, the market is projected to reach a value of US$ 833.8 million by 2027, exhibiting a CAGR of 5.45% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.



Vegan ice cream is prepared with soy, cashew, almond, coconut or other plant-based milk. It contains substantial amounts of fat and delivers delicious flavor and rich creaminess like conventional variants. It is widely available in numerous varieties, including pint-sized containers, ice cream sandwiches, drumsticks, and fudge bars. At present, market players are offering innovative flavors of vegan ice cream, including dark chocolate, almond sea salt, cherry cashew, mint chip, peanut butter, pistachio, strawberry, vanilla, fudge brownie, raspberry, coffee hazelnut, and salted caramel.

Vegan Ice Cream Market Trends


The emerging trend of veganism on account of the rising health consciousness and increasing awareness among the masses about cruelty against animals represents one of the key factors bolstering the market growth. This can also be attributed to shifting individual preferences towards plant-based diets and animal-free, ready-to-eat (RTE) products. Apart from this, the growing lactose-intolerance population worldwide, in confluence with inflating per capita income levels, is catalyzing the demand for premium vegan ice cream in exotic flavors like lemon poppy seed, pink champagne, and chai tea coconut. In addition, key players operating in the industry are introducing innovative vegan ice cream variants, such as gluten-free cones, made using natural ingredients and without emulsifiers, artificial colors, and stabilizers. Furthermore, these players are also investing extensively in endorsements by celebrities and athletes and focusing on promoting their products through social media platforms and online retail channels to expand their global consumer base. This, along with the thriving e-commerce industry and numerous initiatives undertaken by non-government organizations (NGOs) to encourage the uptake of vegan food products, is anticipated to offer lucrative growth opportunities to industry investors.

Key Market Segmentation


This report provides an analysis of the key trends in each sub-segment of the global vegan ice cream market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on source, flavor, sales type and distribution channel.

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

Competitive Landscape


The competitive landscape of the industry has also been examined along with the profiles of the key players being Arctic Zero, Booja-Booja, Double Rainbow Ice Cream, HappyCow, Morrisons, NadaMoo!, Over The MOO, Perry's Ice Cream, SorBabes, Tofutti Brands Inc., Unilever PLC and Van Leeuwen Ice Cream.

Key Questions Answered in This Report

  • How has the global vegan ice cream market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global vegan ice cream market?
  • What are the key regional markets?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the flavor?
  • What is the breakup of the market based on the sales type?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global vegan ice cream market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Vegan Ice Cream Market

What is the estimated value of the Global Vegan Ice Cream Market?

The Global Vegan Ice Cream Market was estimated to be valued at $592.8 Million in 2021.

What is the growth rate of the Global Vegan Ice Cream Market?

The growth rate of the Global Vegan Ice Cream Market is 5.8%, with an estimated value of $833.8 Million by 2027.

What is the forecasted size of the Global Vegan Ice Cream Market?

The Global Vegan Ice Cream Market is estimated to be worth $833.8 Million by 2027.

Who are the key companies in the Global Vegan Ice Cream Market?

Key companies in the Global Vegan Ice Cream Market include Arctic Zero, Booja, Booja, Double Rainbow Ice Cream, HappyCow, Morrisons, NadaMoo!, Over The MOO and SorBabes.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Vegan Ice Cream Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Source
6.1 Coconut Milk
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Soy Milk
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Almond Milk
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Cashew Milk
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Flavor
7.1 Chocolate
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Caramel
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Coconut
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Vanilla
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Coffee
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Fruit
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Sales Type
8.1 Impulse
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Take Home
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Artisanal
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Distribution Channel
9.1 Supermarkets and Hypermarkets
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Convenience Stores
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Online Stores
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Arctic Zero
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Booja-Booja
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Double Rainbow Ice Cream
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 HappyCow
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Morrisons
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 SWOT Analysis
15.3.6 NadaMoo!
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Over The MOO
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Perry's Ice Cream
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 SorBabes
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Tofutti Brands Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Unilever PLC
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 Van Leeuwen Ice Cream
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Vegan Ice Cream Market: Major Drivers and Challenges
Figure 2: Global: Vegan Ice Cream Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Vegan Ice Cream Market: Breakup by Source (in %), 2021
Figure 5: Global: Vegan Ice Cream Market: Breakup by Flavor (in %), 2021
Figure 6: Global: Vegan Ice Cream Market: Breakup by Sales Type (in %), 2021
Figure 7: Global: Vegan Ice Cream Market: Breakup by Distribution Channel (in %), 2021
Figure 8: Global: Vegan Ice Cream Market: Breakup by Region (in %), 2021
Figure 9: Global: Vegan Ice Cream (Coconut Milk) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Vegan Ice Cream (Coconut Milk) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Vegan Ice Cream (Soy Milk) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Vegan Ice Cream (Soy Milk) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Vegan Ice Cream (Almond Milk) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Vegan Ice Cream (Almond Milk) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Vegan Ice Cream (Cashew Milk) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Vegan Ice Cream (Cashew Milk) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Vegan Ice Cream (Chocolate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Vegan Ice Cream (Chocolate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Vegan Ice Cream (Caramel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Vegan Ice Cream (Caramel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Vegan Ice Cream (Coconut) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Vegan Ice Cream (Coconut) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Vegan Ice Cream (Vanilla) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Vegan Ice Cream (Vanilla) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Vegan Ice Cream (Coffee) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Vegan Ice Cream (Coffee) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Vegan Ice Cream (Fruit) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Vegan Ice Cream (Fruit) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Vegan Ice Cream (Impulse) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Vegan Ice Cream (Impulse) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Vegan Ice Cream (Take Home) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Vegan Ice Cream (Take Home) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Vegan Ice Cream (Artisanal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Vegan Ice Cream (Artisanal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Vegan Ice Cream (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Vegan Ice Cream (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Vegan Ice Cream (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Vegan Ice Cream (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Vegan Ice Cream (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Vegan Ice Cream (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Vegan Ice Cream (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Vegan Ice Cream (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: North America: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: North America: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: United States: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: United States: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Canada: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Canada: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Asia-Pacific: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Asia-Pacific: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: China: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: China: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Japan: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Japan: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: India: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: India: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: South Korea: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: South Korea: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Australia: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Australia: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Indonesia: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Indonesia: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Europe: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Europe: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Germany: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Germany: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: France: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: France: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: United Kingdom: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: United Kingdom: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Italy: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Italy: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Spain: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Spain: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Russia: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Russia: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Latin America: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Latin America: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Brazil: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Brazil: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Mexico: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Mexico: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Others: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Others: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Middle East and Africa: Vegan Ice Cream Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Middle East and Africa: Vegan Ice Cream Market: Breakup by Country (in %), 2021
Figure 91: Middle East and Africa: Vegan Ice Cream Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Global: Vegan Ice Cream Industry: SWOT Analysis
Figure 93: Global: Vegan Ice Cream Industry: Value Chain Analysis
Figure 94: Global: Vegan Ice Cream Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Vegan Ice Cream Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Vegan Ice Cream Market Forecast: Breakup by Source (in Million US$), 2022-2027
Table 3: Global: Vegan Ice Cream Market Forecast: Breakup by Flavor (in Million US$), 2022-2027
Table 4: Global: Vegan Ice Cream Market Forecast: Breakup by Sales Type (in Million US$), 2022-2027
Table 5: Global: Vegan Ice Cream Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 6: Global: Vegan Ice Cream Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Vegan Ice Cream Market: Competitive Structure
Table 8: Global: Vegan Ice Cream Market: Key Players

Companies Mentioned

  • 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

Methodology

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