Plant-Based Ice Creams Market Size Analysis
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.
Increased consumption of fruit bars, dairy-free sweets, and keto ice cream cakes has helped plant-based ice cream sales soar. The market is anticipated to change in the future as some of the top businesses go on the plant-based ice cream bandwagon.
RISING POPULARITY OF LOW-FAT DESSERTS
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.).
HIGH PROCESSING CHARGES REPRESENT A POTENTIAL THREAT
Plant-based ice creams, like all other natural or plant-based goods, are thought to provide several advantages over traditional ice creams in terms of functionality. Companies that make frozen desserts are also reformulating ice cream to appeal to environmentally and health-conscious consumers.
However, the formulation of plant-based ice creams is far more difficult than that of their traditional counterparts, which results in high processing costs. Because more ingredients are needed to provide the desired flavors and textures when dairy is removed from ice cream, food labels become even more confusing. These elements could potentially pose a threat to the sales of plant-based ice cream.
Plant-based ice creams are becoming increasingly popular despite their relatively high price tag compared to conventional ice cream and formulation challenges.
RISING DISPOSABLE INCOME AND RISING URBANISATION
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.
Market Segments Covered in Report
By Product Type:
By Sales Channel:
By Region and Country:
Which product type is the most preferred?
Plant-Based Ice Cream bars are the most preferred.
Which flavor segment is increasing in demand in the anticipated period?
The nuts flavor segment is increasing in demand in the anticipated period
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Manufacturers and other market participants are concentrating on product innovation and new product launches to gain a sizable portion of the worldwide plant-based ice cream market in the next years.
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Form, Product Type, Flavor, Source, Sales Channel, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 10.2%.
The rising popularity of low-fat desserts
Major global Plant Based Ice Creams Market players 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
High processing charges represent a potential threat
North America is expected to account for the largest market revenue share in the Global Plant Based Ice Creams market.
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