Non-Dairy Ice Cream Market Size By Source (Coconut Milk, Almond Milk, Cashew Milk, Soy Milk), By Flavor (Vanilla, Chocolate, Butter Pecan, Strawberry, Neapolitan, Cookies & Cream, Mint Choco Chip, Caramel), By Product (Impulse, Artisanal, Take Home), By Form (Singles, Blends), By Distribution Channel ( Supermarkets, Convenience Stores, Food & Drink Specialists, Restaurants, Online Stores) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Spain, China, India, Japan, South Korea, Australia, Indonesia, Brazil, Mexico, Argentina, South Africa, UAE, Saudi Arabia), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024
Published Date: Sep 2018 | Report ID: GMI1786 | Authors: Vitika Verma Report Format: PDF
Global Non-Dairy Ice Cream Market size was worth more than USD 400 million in 2017 and is anticipated to surpass USD 1 billion by 2024.
U.S. Non-Dairy Ice Cream Market, By Product, 2017 & 2024, (USD Million)
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Shifting trend towards vegan lifestyles owing to increasing health consciousness and socialization trends will propel the non-dairy ice cream market growth. High per capita ice cream consumption particularly in Oceanic & European countries has enhanced the product demand. Rising incidences of lactose intolerance and other milk related allergies has further supported the industry growth.
Comprehensive product variations through materials including coconut, almond & soy milk will positively influence the industry demand. Innovative flavor offerings mainly including blended flavors has enhanced the product development. Increasing consumer spending on take home and impulse products has further influenced the non-dairy ice cream market trends.
Multiplying product launches every year coupled with changing taste preferences will stimulate the industry growth particularly in North America and Europe. For instance, in 2017, Ben & Jerry’s launched additional flavors including chunky monkey, chocolate fudge brownie, and peanut butter & cookies for UK non-dairy ice cream market. Expanding distribution channel owing to penetration of multinational corporations in the non-dairy ice cream business will boost the market volumes over the forecast timeframe.
Rapid commercialization along with growing plant milk production are among major factors driving the non-dairy ice cream market. Technological advancement & product innovations for taste improvements to comply with dairy counterpart tastes has provided positive outlook for product demand. Growing consumer specific marketing strategies focusing on health benefits will stimulate the product scope. For instance, product branding as sugar-free and low-fat variant to meet diabetic & health-conscious consumer needs have enhanced industry demand.
High lipids, vitamins, albumin, carbohydrates and casein content providing significant health benefits will fuel the industry growth. However, the nutritional content varies as per the source. Higher product prices as compared to counterparts along with fluctuating raw material costs may hamper the industry expansion.
Non-Dairy Ice Cream Market, By Source
Coconut milk is the dominating source, accounting at over 30% of the non-dairy ice cream market in 2017. Low cost, easy availability and ease in processing are among the key factors primarily driving the product usage. Higher count of brands offering coconut milk-based products due to high consumer demand will support industry expansion. Moreover, coconut milk is efficient & healthy substitute as the higher fat content improves the taste and product texture.
Almond milk is expected to register sales over 14 million liters by 2024. Shifting preference for almond milk among vegan population particularly in North America will propel the product usage. Increasing brand penetration, flavor innovations accompanied by health advantages over lactose counterparts is stimulating the product demand. In addition, increasing manufacturers focus on almond milk as it provides neutral base for varied flavors will drive the demand.
Non-Dairy Ice Cream Market, By Flavor
Non-dairy ice cream market offers several flavors including vanilla, chocolate, butter pecan, strawberry, caramel, cookie and cream, mint-choco chip, peanut butter and other single & blended flavors. However, the flavor preferences show considerable variation on country level. High preference for vanilla particularly in coconut and soy products will support the flavor demand.
Chocolate flavor is expected to witness CAGR at over 14.5% from 2018 to 2024. High compatibility with source materials coupled with shifting preference for choco chips will fuel the product demand. Innovative flavor launches along with development in cocoa enhancing health benefits will support the flavor trend. For instance, dark chocolate in ideal portion assists in preventing cardiac diseases.
Non-Dairy Ice Cream Market, By Product
Take home dominates the industry share, holding around 50% of the global non-dairy ice cream market in 2017. Shifting trend toward off-premise consumption, availability of home delivery options along with growing online stores popularity are among key factors fuelling the product demand. Expansion in supermarkets & hypermarkets in developed as well as developing economies will support industry demand. Moreover, packaging innovations has improved convenience to carry and store the products. However, artisanal non-dairy ice cream is expected to witness fastest growth rate up to 2024 owing to increasing consumer spending for artfulness, innovation and purity offered accompanied by rising number of artisanal franchises.
Non-Dairy Ice Cream Market, By Form
Single form flavors dominate the non-dairy ice cream market and is expected to continue its dominance during the forecast timeframe. Strong preference for plain vanilla and chocolate flavors are among key factors positively influencing single flavor market share. High fruit-based flavors demand mainly including strawberry & mango will support dominance of single form products. Blended form will experience high growth over the forecast period. Rising demand for innovative flavors including mint choco chip, rocky road, neapolitan and cookies & cream will stimulate product demand.
Non-Dairy Ice Cream Market, By Distribution Channel
Supermarkets are estimated to be notable contributor accounting for over USD 400 million by 2024. Inclination towards take home products along with competitive costs are among major factors driving the segment revenue. Additionally, the manufacturers attain higher profit margin via the channel by direct supply. Development in convenient & attractive packaging has assisted in easy storage and enhanced product appeal. The segment share is majorly contributed by developed nations.
Non-Dairy Ice Cream Market, By Region
Asia Pacific non-dairy ice cream sales held major share registering over 9 million liters of the global share in 2017. High consumption levels along with growing health consciousness are key factors propelling the industry growth. Rising number of brand offerings accompanied by increasing consumer spending will stimulate the business growth. Increasing prevalence of lactose intolerance and allergies among the Asian populace will foster industry demand.
Europe non-dairy ice cream market is estimated to be the fastest growing region over the forecast period. Shifting consumer preferences towards healthy lifestyles and vegan trends in the region will drive the industry growth. High innovative flavor launches along with established distribution channels will stimulate the product development particularly in Germany and UK.
Competitive Market Share
Global non-dairy ice cream market share is highly fragmented with presence of both small-scale and multinational companies. Prominent players include Unilever, General Mills, Booja Booja, Tofutti Brands, Danone, Swedish Glace, Bliss Unlimited LLC, NadaMoo, and Talenti. The key players are focused in expansion strategies including product development, mergers & acquisition to enhance their industry share. For instance, Haagen-Dazs has expanded its product offerings under the coconut segment to meet the growing coconut-based product demand.
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Ice cream consumption levels are high in developing and developed economies, with U.S. and China dominating the global share. Desserts have witnessed notable gains as compared to other products under the milk alternatives market in recent years. Strong growth potential owing to the rising veganism popularity will support industry growth. The market is extremely competitive as it offers a high-profit margin for the players. The innovations implemented by the manufacturers on products, flavors and varieties has propelled product penetration.
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