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Plant-based Ice Creams Market Size

  • 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.
 

 

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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