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Non-Dairy Ice Cream Market Analysis

  • Report ID: GMI1786
  • Published Date: Feb 2023
  • Report Format: PDF

Non-Dairy Ice Cream Market Analysis

The non-dairy ice cream market size from the chocolate flavor segment is expected to depict a 10.5% CAGR during the forecast timeline. The emergence of new trends in the food sector, such as vegan chocolate, owing to their health benefits, such as low cholesterol and fat, is accelerating the demand for chocolate-based flavorings. In addition to its taste appeal, cocoa is also considered to have significant health benefits due to its high magnesium and iron content. Several leading chocolate manufacturers are thus foraying into the vegan trends with the development of innovative recipes. 

The impulse product segment is anticipated to record a 10.5% CAGR through 2032, attributed to the surging young population and the increasing female workforce. However, the fast-paced lifestyles and hectic schedules have popularised on-the-go food products across developed and developing economies. A remarkable growth in the number of impulse buyers credited to the multiple benefits associated with these products, including affordability and convenience will also spur the industry outlook. As proof, according to a surgery conducted by Slickdeals, one of the largest shopping platforms, the average spending of shoppers on impulse purchases has jumped from USD 276 in 2021 to USD 314 in 2022.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of non-dairy ice cream was worth over USD 700 million in 2022 and is anticipated to witness 10.5% CAGR between 2023 and 2032, given the rising prevalence of food allergies such as lactose intolerance among people globally.

The supermarkets segment is estimated to cross USD 750 million by 2032, due to the increasing number of supermarket development projects worldwide.

The market size for non-dairy ice cream in North America is projected to grow at 10% CAGR from 2023 to 2032, driven by the rising prevalence of lactose intolerance.

Italy will emerge as a major revenue ground on account of increasing lactose-intolerant population and the rising preference for organic, clean-label, and GMO certified products in the region. As per the EDA study on lactose deficiency, 56% of the Italian populace was lactose intolerant.

Non-Dairy Ice Cream Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 395
  • Countries covered: 21
  • Pages: 317
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