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Plant-based Ice Creams Market Analysis

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

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.

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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