Non-dairy Ice Cream Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024

Report ID: GMI1786

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Non-dairy Ice Cream Market size is envisaged to witness growth during the forecast years. It is an alternative to milk products and is consumed widely by young generation worldwide. Growing consumer health awareness is boosting demand of the product as these are healthier and have less possibility of adulteration. Soy, almond and rice milk are capturing the non-dairy ice cream market. Various innovations in the industry that include flavor and varieties is rising its consumption at a high pace.
 

Prime driver of non-dairy ice cream market is increase in global vegan population. Consumers are limiting the consumption of animal derived food stuffs. Over 40% youths aged between 15-32 are vegans that pushes the ice cream demand and it contains rich amount of protein, fiber, omega, fatty acids and nutrition. Food and drug administration, defines it as a frozen, pasteurized food that contain 10% milk fat.
 

Increasing consumer rate for lactose intolerance and dairy allergies is another factor propelling non-dairy ice cream market. The product is commercialized in the consumers as dietary supplement that is milk free. Over 2% of children younger than three years of age are allergic to milk, this is further accelerating product demand.
 

Supply chain of the non-dairy ice cream market is initiated from procurement of raw material that includes soy, almond and cashew. Manufacturers ensure that the product maintains its quality during its transit from factories to distribution center. Temperature controlled containers carry the product to various locations. It is made available in the superstores and retail stores for the consumers.
 

Non-dairy ice cream market is a highly competitive industry as many new companies are penetrating to take advantage of its growing potential. It is costlier than milk based products and lack calcium that can constraint growth of its usage. Further, fluctuating raw material cost and availability provide challenge in production and pricing of product.
 

Non-dairy ice cream market is segmented based on flavors such as almond, cherry, coconut, chocolate, banana, coffee and vanilla. On the basis of types into soy milk, almond and rice milk with soy accounting for highest share.
 

North America, especially US will fairly contribute in non-dairy ice cream market. The product demand is anticipated to increase 3 times in the forecast period. Almond and coconut type are growing faster in comparison to soy. Increasing packed food industry will propel the product demand in the region. The country is hosting big names that include Ben Jerry’s, biggest competitor in the industry.
 

 Asia Pacific is one of the potential region for non-dairy ice cream market. With the advent of growing population and global warming, the demand in this region has raised subsequently. Diabetes currently affects over 6% of the adult population in the region. The product widely produces sugar free ice cream for diabetic patients which is fueling the product usage.
 

Europe, led by Germany is witnessing growing interest in veganism, over 9% of the population are vegans. There are around 55 vegan restaurants in Berlin that is boosting non-dairy ice cream market. Another factor contributing in growth of the region is diet. People widely believe in healthy vegan diet that excludes use of milk products in their meals. Vegan diet is found to be the most effective way of reducing weight. 
 

Key formulators of non-dairy ice cream market are Ben and Jerry’s, Tofutti, Coconut Bliss, DIY, Dippin Dots, Steve’s, So Delicious, Dream, Luna and Larry’s and Trader Joe’s. Unilever acquired Ben and Jerry’s in 2000. The agreement includes that both the companies will operate separately. Ben and Jerry’s was one of the key player of the vegan product, acquisition helped Unilever to expand its share in the non-dairy ice cream market. Both the companies were focusing on health and hygiene, sustainability and economic development.  Luna and Larry’s launched coconut cookie sandwiches. The growing demand for coconut propelled the company to launch the flavor for development and stability. 
 


What Information does this report contain?

What was the historic market data from 2012 to 2015, what is the industry growth forecast from 2016 to 2024?
A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants
Which are the leading market products, applications & regions and how will they perform by 2024?
What are the technology & innovation trends, how will they evolve by 2024?
Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

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