Plant-Based Ice Creams Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Plant Based Ice Creams Market grew at a CAGR of 9.8% between 2017-2021 and is estimated to be US$ 1,798.6Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 10.2% and is expected to reach a valuation of US$ 4,750.6Mn by 2032 end.
The desire for low-sugar, low-processed, ingredient-based, and label-free desserts from the growing population of health- and fitness-conscious consumers is expected to positively impact the growth of the global plant-based ice cream market in the years to come. Also boosting demand and favorably impacting sales in the global market for plant-based ice creams are increasing sales of non-dairy desserts,
Keto-friendly ice cream cakes and fruit bars are used for various functions (snacks, protein, energy, etc.). Manufacturers’ attention also drives the global plant-based ice cream market expansion in the upcoming years to create and promote new “clean label” and “label-free” plant-based ice cream products.
ChemView Consulting has analyzed that the increased desire for sweets with low sugar content, few processed ingredients, and no labels from the population of health and fitness enthusiasts will favor the expansion of the global plant-based ice cream market in the next years. Additionally, increasing sales of plant-based ice cream are being boosted by expanding demand for non-dairy sweets, Keto-friendly ice cream cakes, and fruit bars for various uses (snacks, protein, energy, etc.).
The expansion of the worldwide plant-based ice cream market in the next years is driven by manufacturers’ attention to creating and promoting new “clean label” and “label-free” plant-based ice cream products. Despite being a substantial barrier to growth for the sector, the high cost of these products in the worldwide market for plant-based ice cream, compared to standard products, is likely to drive demand in the upcoming years.
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Segments Covered in Report
By Form:
- Singles
- Blends
By Product Type:
- Bars
- Cones
- Cups/Tubs
- Others
By Flavor:
- Fruits
- Strawberry
- Banana
- Orange
- Raspberry
- Pomegranate
- Lemon
- Others
- Nuts
- Coconut
- Almond
- Hazelnut
- Others
- Herbs
- Cinnamon
- Mint
- Peppermint
- Others
- Beans
- Vanilla
- Chocolate
- Coffee
- Others
By Source:
- Soy Milk
- Coconut Milk
- Almond Milk
- Cashew Milk
- Others
By Sales Channel:
- Direct Sales
- Indirect Sales
- Hyper/Supermarket
- Franchise Outlet
- Online
- Other Retail Formats
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Plant-Based Ice Creams Market
- Based on the product type, Plant-Based Ice Cream bars are the most preferred.
- Based on the flavor, the nuts flavor segment is increasing in demand in the anticipated period
- Based on the region, with a market share of 42.3%, North America currently dominates the plant-based ice cream market. It is expected to do so throughout the forecast period as consumer tastes in this region transition from dairy-based to non-dairy-based plant-based ice cream products. The market’s growth rate in this region will also be accelerated by product development, a high level of disposable income, and the availability of numerous varieties of plant-based ice cream
Competition Summary
Key companies covered in the market study are Chr. Hansen Holding A/S, Yakult Honsha Co., Ltd, Nestlé, DuPont, MORINAGA & CO., LTD, BioGaia AB, Protexin, Daflorn Probiotics UK, DANONE, Yakult U.S.A. Inc., Deerland Enzymes, Inc., UAS Laboratories, Goerlich Pharma GmbH
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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