The global vegan ice cream market size reached US$ 639.5 Million in 2022. Looking forward, the publisher expects the market to reach US$ 878.2 Million by 2028, exhibiting a CAGR of 5.43% during 2022-2028.
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.
2. What is the expected growth rate of the global vegan ice cream market during 2023-2028?
3. What are the key factors driving the global vegan ice cream market?
4. What has been the impact of COVID-19 on the global vegan ice cream market?
5. What is the breakup of the global vegan ice cream market based on the source?
6. What is the breakup of the global vegan ice cream market based on the flavor?
7. What is the breakup of the global vegan ice cream market based on the sales type?
8. What is the breakup of the global vegan ice cream market based on the distribution channel?
9. What are the key regions in the global vegan ice cream market?
10. Who are the key players/companies in the global vegan ice cream market?
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:
The publisher provides an analysis of the key trends in each sub-segment of the global vegan ice cream market report, along with forecasts at the global, regional and country level from 2023-2028. Our 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
1. What was the size of the global vegan ice cream market in 2022?2. What is the expected growth rate of the global vegan ice cream market during 2023-2028?
3. What are the key factors driving the global vegan ice cream market?
4. What has been the impact of COVID-19 on the global vegan ice cream market?
5. What is the breakup of the global vegan ice cream market based on the source?
6. What is the breakup of the global vegan ice cream market based on the flavor?
7. What is the breakup of the global vegan ice cream market based on the sales type?
8. What is the breakup of the global vegan ice cream market based on the distribution channel?
9. What are the key regions in the global vegan ice cream market?
10. Who are the key players/companies in the global vegan ice cream market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Vegan Ice Cream Market
6 Market Breakup by Source
7 Market Breakup by Flavor
8 Market Breakup by Sales Type
9 Market Breakup by Distribution Channel
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
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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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 145 |
Published | March 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 639.5 Million |
Forecasted Market Value ( USD | $ 878.2 Million |
Compound Annual Growth Rate | 5.4% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |