Non-Dairy Ice Cream Market to exceed $1bn by 2024

Non-Dairy Ice Cream Market size is estimated to surpass USD 1 billion by 2024; according to a new research report by Global Market Insights, Inc.
 

Growing vegan population along with inclination towards healthy lifestyles are among key factors propelling the non-dairy ice cream market growth. Increasing consumer spending on desserts, confectionery and other functional food items will support the industry demand. Rising awareness regarding lactose intolerance will further fuel the business development.

 

Request Sample Buy NowInquiry Before Buying


 

Shifting consumer preference towards innovative products and flavors due to changing social trends will drive the non-dairy ice cream market size. Technological advancements in machineries and product innovations using avocado and hemp milk will augment the product adoption. Increasing raw material availability along with convenient production process are among major factors supporting the industry growth.
 

Non-Dairy Ice Cream Market

Get more details on this report by requesting a free sample copy
 

Coconut milk accounted for over 30% of the global non-dairy ice cream market share in 2017. Significant health benefits, ease in production along with texture compatibility are among key factors driving the product demand. Rising count of brands offering coconut-based products has enhanced the industry demand. However, almond milk is expected to witness higher CAGR owing to changing taste preferences and increasing number of product launches.
 

Rising penetration of renowned brands in non-dairy ice cream segment to gain competitive advantage will propel the industry demand. Innovative fruit-based flavor offerings through new product launches to improve consumer base are among key trends among manufacturers. Expanding distribution networks coupled with attractive packaging will boost the product penetration during the forecast timeframe. However, changing raw material costs along with relatively high product prices may hinder the industry growth.
 

Browse key industry insights spread across 300 pages with 373 market data tables & 13 figures & charts from the report, “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” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/non-dairy-ice-cream-market

 

Chocolate flavor is projected to witness CAGR at over 14.5% from 2018 to 2024. Extensive product offerings with multiple chocolate flavor variants including dark chocolate and chocolate chips is proliferating the non-dairy ice cream market. However, flavor portfolio largely varies on country level, due to changing taste preferences.  For instance, lemon-based flavors are highly prevalent in specific European countries.
 

Artisanal products are expected to witness significant growth rate during the forecast timeframe. Growing disposable incomes coupled with increasing number of artisanal franchisees particularly in emerging economies is fueling the segment growth. Whereas take home segment dominates the non-dairy ice cream market due to shifting preference for off-premise consumption. High product availability through supermarkets particularly in developed regions along with penetration of online stores will support the industry growth. 
 

Blended flavors are anticipated to register over 20 million liters demand by 2024. Flavor innovations along with rising consumer spending on premium flavors majorly in North America and Europe will supplement the business revenue. Increasing consumer preference for mint choco chip, cookies & cream, neapolitan, and mocha chocolate has stimulated the non-dairy ice cream demand.

 

Supermarkets will register sales at over USD 400 million by 2024. Changing shopping trends along with inclination towards one stop shopping has stimulated the supermarket counts globally. Rising demand for take home products is significant factor supporting the segment share. Multiple brand availability along with competitive costs are among key factors positively influencing the industry demand.
 

Europe non-dairy ice cream market is expected to witness CAGR at over 14% from 2018 to 2024. Higher vegan products demand owing to rising health consciousness and growing vegan population are primary factors driving the regional industry growth. Large number of products launches among European as well as global brands mainly including Ben & Jerry’s, Swedish Glace, and Booja Booja will support the industry demand.
 

Global non-dairy ice cream market share is highly fragmented with presence of both regional and global companies. Notable players include General Mills, Unilever, Talenti, Booja Booja, Danone, Tofutti Brands, Bliss Unlimited LLC, Swedish Glace, and NadaMoo. Merger & acquisitions along with product innovations are among key strategies adopted by manufacturers. For instance, in April 2017, Danone completed acquisition of WhiteWave Foods, an American packaged food manufacturer to expand its industry share.
 

Non-dairy ice cream market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in million liters & revenue in USD million from 2013 to 2024, for the following segments:

Non-Dairy Ice Cream Market, By Source

  • Coconut milk
  • Almond milk
  • Cashew milk
  • Soy milk
  • Others (Vegetable oil, rice milk, hemp milk)

Non-Dairy Ice Cream Market, By Flavor

  • Vanilla
  • Chocolate
  • Butter pecan
  • Strawberry
  • Neapolitan
  • Cookies and cream
  • Mint choco chip
  • Caramel
  • Others (Coffee, mango, banana, lemon, cherry)

Non-Dairy Ice Cream Market, By Product

  • Impulse
  • Artisanal
  • Take home

Non-Dairy Ice Cream Market, By Form

  • Singles
  • Blends

Non-Dairy Ice Cream Market, By Distribution Channel

  • Supermarket
  • Convenience stores
  • Food & drink specialists
  • Restaurants
  • Online store
  • Others (Pharmacy, natural product stores, food-vans)

The above information is provided on a regional and country basis for the following:

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

We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info. I Agree