Global vegan ice cream market is expected to be driven by the growing number of consumers who are lactose intolerant in the region and is expected to fuel the market growth of the vegan ice cream.

The rise in the number of vegan and diet-conscious consumers around the world is driving the growth of the vegan ice cream market. Furthermore, the increased concern about lactose intolerance caused by a lack of the intestinal enzyme lactase fuels the demand for dairy-free or vegan food products. Vegan ice cream is becoming increasingly popular in both the emerging and established markets. This is due to an increase in the number of people who are allergic to dairy products. Furthermore, it contains significant amounts of fat and delivers delicious flavor and rich creaminess similar to conventional variants, which has led to the further growth of the vegan ice cream market..

Changing Preference Towards Non-Dairy Products Will Drive the Market Demand

The vegan ice cream market has been driven by changing consumer preference towards non-dairy and plant-based products for reasons such as animal welfare, health, benefits, and diet consciousness. Moreover, growing lactose sensitivity among children and adults, as well as increased consumer awareness of the effects of celiac disease, have encouraged customers to convert to non-dairy ice creams, which has propelled the vegan ice cream business. For instance, in 2022, according to the National Institutes of Health (NIH), approximately 65% of the adult human population has some lactose intolerance, which causes abdominal pain and other gastrointestinal effects after consuming dairy products. Lactose intolerance is most common in adults of East Asian heritage, affecting 70 to 100% of the population, including 75 to 90% of Native Americans, Brazil, Cambodia, Asians, Mediterranean’s, and Jews. In order to create vegan ice cream, ice cream manufacturers replace cow milk with coconut milk, cashew milk, soy milk, or almond milk for comprehensive product variations. Consumers who are health-conscious have become more and more captivated with dairy-free items because of lower fat content. Due to all these factors, the demand for vegan ice cream is expected to increase over the forecast period.

Expanding Vegan Ice-Cream Flavors Aid the Market Expansion

One of the main drivers of the market's growth is consumers' growing desire for a wide variety of flavors in ice cream. In other words, the market growth rate is being boosted by the increased availability of flavors like mint chip, peanut butter, strawberry, vanilla, chocolate, coffee hazelnut, and salted caramel. Due to an increase in consumer demand for dairy-free products, the key manufacturers are launching vegan ice cream, which is propelling the market growth. For instance, in January 2023, Ben & Jerry has launched a new non-dairy ice cream flavor named oatmeal dream pie. The new flavor includes gluten-free oatmeal cookies and a non-dairy oatmeal crème pie dessert with marshmallow swirls. Similarly, in 2021, Jermaine Dupri, a music producer, unveiled his own range of creamy coconut-based vegan ice creams under the brand name, JD's Vegan. The company provides six delicious flavors such as Key Lime Pie, Strawberry Sweetheart, Welcome to Atlanta Peach Cobbler, Apple Butter, Chocolate My Way, and Cookies & Cream.

Increased Vegan Population Base Aiding the Market Expansion

The growing vegan population is fueling the market expansion. Changes in consumer purchasing habits have compelled manufacturers to focus on producing low-sugar, less processed ingredients, and label-free ice creams, which are expected to drive market growth during the forecast period. Many traditional ice cream manufacturers are venturing into the new market as innovation becomes increasingly important to align with ever-changing trends, driving profit margins. As a result, to maintain their market presence, these existing companies must reconsider their investment strategies for plant-based alternatives, which has fueled the market growth.


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Market Segmentation

The global Vegan Ice-Cream market is segmented based on flavor, product type, source, distribution channel, region, and competitional landscape. Based on the flavor, the market is fragmented into chocolate, vanilla, strawberry, and others (caramel, blueberry, etc.). Based on product type, the market is segmented into tubs, sticks, cones, and others (Carterton). Based on source, the market is further segmented into coconut milk, cashew milk, soy milk, almond milk, and others (rice milk, combination). Based on distribution channel, the market is segmented into specialty stores, convenience stores, hypermarkets & supermarkets, online, and others (dealers & distributors sales, etc.)). The market analysis also studies the regional segmentation divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Company Profiles

Unilever LLC, Van Leeuwen Ice Cream LLC, Oatly Group AB, Wicked Kitchen, Tofutti Brands, Inc., Booja-Booja Company Ltd, Over The Moo, HP Hood LLC (Plant Oat), Bliss Unlimited, LLC (Cosmic bliss), Little Red Rooster Ice Cream Company (NadaMoo), are among the major market players in the global platform that lead the market growth of the global vegan ice-cream market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2021 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Flavor

Product Type

Source

Distribution Channel

Region

Regional Scope

North America, Europe, Asia-Pacific, South America, and Middle East & Africa

Country Scope

United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, China, Japan, India, Australia, South Korea, Saudi Arabia, UAE, Turkey, South Africa, Brazil, Argentina, Colombia

Key Companies Profiled

Unilever LLC, Van Leeuwen Ice Cream LLC, Oatly Group AB, Wicked Kitchen, Tofutti Brands, Inc., Booja-Booja Company Ltd, Over The Moo, HP Hood LLC (Plant Oat), Bliss Unlimited, LLC (Cosmic bliss), Little Red Rooster Ice Cream Company (NadaMoo)

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, the global vegan ice cream market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Vegan Ice-Cream Market, By Flavor
    • Chocolate
    • Vanilla
    • Strawberry
    • Others (Caramel, Blueberry, etc.)
  • Vegan Ice-Cream Market, By Product Type:
    • Tub
    • Sticks
    • Cones
    • Others (Carterton)
  • Vegan Ice-Cream, Market, By Source:
    • Coconut Milk
    • Cashew Milk
    • Soy Milk
    • Almond Milk
    • Others (Rice Milk, Combination)
  • Vegan Ice-Cream Market, By Distribution Channel:
    • Specialty Stores
    • Convenience Stores
    • Hypermarkets & Supermarkets
    • Online
    • Others (Dealers & Distributors Sales)
  • Vegan Ice-Cream Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Italy
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • Turkey
      • South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global vegan ice-cream market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer Analysis (B2C Model Analysis)

4.1.  Sample Size Determination

4.2.  Respondent Demographics

4.2.1.     By Gender

4.2.2.     By Age

4.2.3.     By Occupation

4.3.  Brand Awareness

4.4.  Frequency of Purchase

4.5.  Factors Influencing Purchase Decision

4.6.  Brand Satisfaction

4.7.  Challenges Faced Post Purchase

5.    Global Vegan Ice-Cream Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value          

5.2.  Market Share & Forecast

5.2.1.     By Flavour Market Share Analysis (Chocolate, Vanilla, Strawberry, And Others (Caramel, Blueberry, Etc.)

5.2.2.     By Product Type Market Share Analysis (Tub, Sticks, Cones, And Others (Carterton)),

5.2.3.     By Source Market Share Analysis (Coconut Milk, Cashew Milk, Soy Milk, Almond Milk, And Others (Rice Milk, Combination)

5.2.4.     By Distribution Channel Share Analysis (Specialty Stores, Convenience Stores, Hypermarkets & Supermarkets, Online, And Others (Dealers & Distributors Sales, etc.)

5.2.5.     By Regional Market Share Analysis

5.2.5.1.         North America Market Share Analysis

5.2.5.2.         Europe Market Share Analysis

5.2.5.3.         Asia -Pacific Market Share Analysis

5.2.5.4.         South America Market Share Analysis

5.2.5.5.         Middle East & Africa Market Share Analysis

5.2.6.     By Company Market Share Analysis

5.3.  Global Vegan Ice-Cream Market Mapping & Opportunity Assessment

5.3.1.     By Flavor Market Mapping & Opportunity Assessment

5.3.2.     By Product Type Market Mapping & Opportunity Assessment

5.3.3.     By Source Market Mapping & Opportunity Assessment

5.3.4.     By Distribution Channel Market Mapping & Opportunity Assessment

5.3.5.     By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Vegan Ice-Cream Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Flavor Market Share Analysis

6.2.2.     By Product Type Market Share Analysis

6.2.3.     By Source Market Share Analysis

6.2.4.     By Distribution Channel Market Share Analysis

6.2.5.     By Country Market Share Analysis

6.2.5.1.         China Vegan Ice-Cream Market Outlook

6.2.5.1.1.             Market Size & Forecast

6.2.5.1.1.1. By Value

6.2.5.1.2.             Market Share & Forecast

6.2.5.1.2.1. By Flavor Market Share Analysis

6.2.5.1.2.2. By Product Type Market Share Analysis