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Plant-based Ice Creams Market Size - By Form (Blends, Singles), By Flavor (Beans, Nuts, Fruits, Herbs), Packaging Type (Tubs, Cones, Bars), Source (Coconut Milk, Soy Milk, Almond Milk, Cashew Milk), Distribution Channel & Global Forecast, 2023 – 2032

  • Report ID: GMI7255
  • Published Date: Nov 2023
  • Report Format: PDF

Plant-based Ice Creams Market Size

Plant-based Ice Creams Market size was valued at USD 665.7 million in 2022 and is estimated to grow at 4.6% CAGR from 2023 to 2032. Consumer demands for more sustainable and nutritious food alternatives have propelled the market significantly. Individuals are increasingly exploring alternatives to traditional dairy-based ice creams as they grow more health-conscious and conscious of the environmental effect of their dietary choices. Plant-based ice creams, which are frequently lower in saturated fats, lactose-free, and cholesterol-free are compatible with these dietary preferences and provide a guilt-free treat.
 

Plant-based Ice Creams Market

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Furthermore, advances in food technology have been crucial in the production of high-quality plant-based ice cream products. Innovative manufacturing processes have enabled producers to make plant-based ice creams that nearly resemble the flavor, texture, and creaminess of traditional dairy ice creams, meeting customer expectations for a fulfilling frozen dessert experience. These technical advancements have aided the expansion of the plant-based ice cream business by making these products more accessible and pleasurable to a larger consumer base.
 

Plant-based ice cream's main competition is traditional ice cream. Traditional ice cream is created from dairy, which is a well-known and popular component. It is also readily accessible and reasonably priced. Plant-based ice cream is a relatively new product that is not as well-known or commonly available as regular ice cream. It is also usually more expensive than regular ice cream. Traditional ice cream manufacturers offer a variety of benefits over plant-based ice cream manufacturers. Traditional ice cream companies, for example, have a wider scale of manufacturing, allowing them to reach cheaper prices. Traditional ice cream manufacturers also have a better-established distribution network, allowing them to reach a larger number of consumers.
 

COVID-19 Impact

The COVID-19 pandemic has had a mixed impact on the plant-based ice cream market. While there has been a heightened focus on health and wellness, driving consumer interest in plant-based products, the economic uncertainties and disruptions in supply chains have presented challenges. Many consumers turned to comfort foods during lockdowns, which temporarily boosted the sales of traditional ice cream. However, the long-term trend of increased health consciousness and sustainability concerns is expected to continue driving the demand for plant-based ice cream, albeit with some short-term market fluctuations and shifts in consumer preferences.
 

Plant-based Ice Creams Market Trends

A notable trend in the plant-based ice cream industry is the continuous expansion and innovation in flavor and ingredient offerings. As consumer preferences for dairy-free, vegan, and healthier frozen dessert options grow, manufacturers are responding by introducing a wide range of unique and indulgent plant-based ice cream flavors, often using ingredients like coconut, almond, oat, and cashew milk, as well as creative mix-ins and toppings. This trend is driven by the desire to cater to a diverse customer base, appealing to those seeking both traditional and novel taste experiences in the plant-based ice cream category.
 

Plant-based Ice Creams Market Analysis:

Plant-based Ice creams Market Size, By Form, 2021 - 2032 (USD Million)

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Based on form, the singles segment dominated around USD 450.6 million revenue in 2022. This is because singles are simpler to produce and less expensive than blends. Singles are also more convenient for consumers, as they can be easily stored and consumed without having to mix with other ingredients.
 

Plant-based Ice Creams Market Revenue Share, By Flavor, (2022)

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Based on flavor, the fruits flavor segment held over 33.3% of the plant-based ice creams market share in 2022. The growing customer preference for healthier and natural dessert alternatives is driving the market for fruit-flavored plant-based ice creams. Fruit tastes are connected with freshness and perceived health advantages, which corresponds to the rising trend of health-conscious customers choosing dairy-free options. These products provide a guilt-free enjoyment while also catering to dietary choices and allergy concerns, eventually supporting the expansion of the market.
 

Based on packaging type, the plant-based ice creams market from tubs segment is set to expand at 5.1% CAGR during the forecast period. Consumers' increasing preference for eco-friendly and sustainable packaging options is driving demand for tub packaging in the market. There is a significant demand to eliminate single-use plastic waste often linked with traditional ice cream cartons as environmental awareness increases. Tub packaging, which is frequently composed of materials such as paperboard or biodegradable plastics, is consistent with the sustainability goals of plant-based ice cream customers, and its ease and recyclability make it an appealing choice for both manufacturers and environmentally concerned customers.
 

Based on source, the plant-based ice creams market from coconut milk segment reached USD 236.1 million in 2022. Coconut milk is a popular plant-based milk that is increasingly being used to make plant-based ice cream. Coconut milk is a good source of healthy fats, and it has a creamy texture that is well-suited for ice cream making. Coconut milk is also a relatively affordable plant-based milk, which makes it a good option for plant-based ice cream producers.
 

Based on distribution channel, the supermarkets and hypermarkets segment recorded USD 322.1 million revenue in 2022. Supermarkets and hypermarkets are the key distribution channels for plant-based ice creams, with a large choice of plant-based ice cream products from various brands available. This makes it simple for customers to locate and buy plant-based ice cream. Furthermore, supermarkets and hypermarkets frequently conduct deals and discounts on plant-based ice creams, making them cheaper to customers.
 

North America Plant-based Ice Creams Market Revenue, 2021 - 2032 (USD Million)

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North America plant-based ice creams market size crossed USD 223.6 million in 2022. The growing consumer focus on health and wellbeing is driving demand for plant-based ice creams in North America. As more people become aware of dietary limitations, lactose intolerance, and environmental concerns, they are turning to plant-based alternatives as a healthier and more sustainable option. The availability of a varied range of flavors, as well as better taste and texture, in plant-based ice creams, is also adding to their appeal in the area, resulting in considerable growth in the North American market.
 

Plant-based Ice Creams Market Share

Major companies operating in the plant-based ice creams industry include:

  • Ben & Jerry's Homemade, Inc.
  • Bliss Unlimited, LLC
  • LUV Ice Cream LLC
  • SO DELICIOUS DAIRY FREE
  • Oatly AB
  • Jollyum Co.
  • The Booja-Booja Co.
  • Little baby's Ice cream
  • Klein's Ice Cream Inc.
  • Frankie & Jo's
  • Happy Cow ltd.
  • Tofutti Brands Inc
  • Luna & Larry's Coconut Bliss
  • Häagen-Dazs
  • Alpro

Ben & Jerry's Homemade, Inc. is an American ice cream and frozen yogurt company. The company's plant-based ice cream line includes a variety of flavors, such as Cherry Garcia Non-Dairy, Chocolate Chip Cookie Dough Non-Dairy, and Phish Food Non-Dairy. Ben & Jerry's plant-based ice creams are made with almond milk or sunflower butter, and they are certified vegan.
 

Plant-based Ice Creams Industry News

  • In May 2023, Häagen-Dazs launched a new vegan-friendly technique to enjoy its classic frozen sweets. This new oat-based line, designed for flexitarians aiming to incorporate more plants to their diet, aims to exceed preconceptions of what plant-based frozen treats may taste like.
     

The plant-based ice creams market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Kilo Tons from 2018 to 2032, for the following segments:

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Market, By Form

  • Blends
  • Singles

Market, By Flavor

  • Beans
  • Nuts
  • Fruits
  • Herbs
  • Others

 

Market, By Packaging Type

  • Tubs
  • Cones
  • Bars
  • Others

Market, By Source

  • Coconut Milk
  • Soy Milk
  • Almond Milk
  • Cashew Milk
  • Others

Market, By Distribution Channel

  • Supermarkets and Hypermarkets
  • Convenience stores
  • Specialty stores
  • Online retail
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ANZ
    • Southeast Asia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • UAE
    • South Africa
    • Saudi Arabia

 

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of plant-based ice creams reached USD 665.7 million in 2022 and is set to cross USD 1.04 billion by the end of 2032, says this GMI report.
The tubs segment is expected to record 5.1% CAGR from 2023 to 2032, owing to the consumers' increasing preference for eco-friendly and sustainable packaging options.
North America market size was valued at USD 223.6 million in 2022, owing to the growing consumer focus on health and wellbeing.
Ben & Jerry's Homemade, Inc., Bliss Unlimited, LLC, LUV Ice Cream LLC, SO DELICIOUS DAIRY FREE, Oatly AB, Jollyum Co., The Booja-Booja Co., Little baby's Ice cream, Klein's Ice Cream Inc., Frankie & Jo's, Happy Cow ltd., Tofutti Brands Inc, Luna & Larry's Coconut Bliss, Häagen-Dazs, and Alpro.

Plant-based Ice Creams Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 361
  • Countries covered: 21
  • Pages: 180
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