Market Overview:
The Global Non-Dairy Ice Cream Market size is expected to grow from USD 243.55 million in 2022 to USD 2154.81 million by 2030, at a CAGR of 14.5% during the forecast period (2023-2030).
Plant-based milk like cashew milk, coconut milk, and almond milk is used to make non-dairy ice cream. Casein, high lipid substances, sugar, nutrients, and non-dairy ice cream all contain egg white. Non-dairy ice cream's market expansion is anticipated to be boosted by rising health awareness, an increase in lactose bigotry, and other medical issues and socialization patterns related to milk. Additionally, worldwide demand for dairy-free alternatives has emerged as a result of the rising number of customers who suffer from lactose intolerance and milk allergies. To attract a wider range of customers, producers are including healthier ingredients. Demand for dairy-free products will be stoked by factors like their low-calorie content and high protein content.
Top Key Players Covered In the Non-Dairy Ice Cream Market:
- Happy Cow Ltd. (India)
- Nestle (Switzerland)
- Ben and Jerry's Home Made (US)
- Wells Enterprise (US)
- Over the Moo (Australia)
- Bliss Unlimited LLC. (US)
- Unilever (UK)
- Van Leeuwen Ice Cream LLC. (US)
- Tofutti Brands Inc. (US)
- Eden Creamery LLC. (US), and Other Major Players.
Market Dynamics and Factors:
Product demand will fuel rising rates of lactose intolerance and other milk-related allergies. The expansion of the market will be helped along by extensive product variations made possible by ingredients like soy milk, almond milk, and coconut milk. Additionally, product development has been enriched by innovative flavor offerings, primarily blended flavors. The demand for non-dairy ice cream will be further bolstered by rising consumer spending on take-home and impulse goods. A rising frozen yogurt by veggie love buyers in created and creating districts. This is because there are now fewer people who are allergic to dairy products. To meet the needs of diabetics and health-conscious consumers, product branding as a sugar-free and low-fat variant is anticipated to increase demand.
The vegan population's increased demand for vegan food, the introduction of new flavors and varieties of vegan ice cream, product innovation to improve taste, and technological advancements in the industry all contribute to a positive outlook for the market. During the forecast period, the market will be stimulated by multiple product launches catering to a variety of preferences and tastes. Ben & Jerry's, for example, come up with a variety of new flavors in addition to the ones it already has, especially for the United Kingdom. The product's overall sales volume will rise as a result of the product's penetration into the market by a variety of multinational corporations. The vegan ice cream market will also benefit from government efforts to raise awareness of organic and plant-based products in the coming years.
Non-Dairy Ice Cream Market Report Highlight:
- By Product Type, the Impulse segment is anticipated to lead the growth of the Non-Dairy Ice Cream market in the forecasted timeframe. On-the-go food products have become more and more popular in both developed and developing countries as a result of hurried schedules and fast-paced lifestyles. The industry outlook will also be increased by a notable increase in the number of impulse purchases attributed to the numerous advantages affiliated with these products, including affordability and convenience.
- By Source, the coconut milk segment is expected to have the highest share of the Non-Dairy Ice Cream market over the projected period. The market's expansion has been fueled by its easy availability, low cost, and simple processing when compared to other segments. In addition, the market's expansion during the forecast period is driven by consumer demand for coconut milk and brand promotion.
- By Form, the Singles segment is set to develop at the highest share during the forecasted timeframe. Nan dairy ice creams are needed more than ever because of the growing health concerns that young children have about allergies to cow's milk. Other factors that influence consumer preference for non-dairy ice cream singles include their ease of use and convenient packaging.
- By Flavor, the chocolate flavor segment is projected to account for the largest share of the market. The demand for chocolate-based flavorings is increasing as a result of new food trends like vegan chocolate, which have health benefits like low cholesterol and fat. Due to its high magnesium and iron content, cocoa is thought to have significant health benefits in addition to its flavor appeal.
- The North American region is expected to have the highest share of the Non-Dairy Ice Cream market over the projected period. Ben & Jerry's, a major manufacturer of ice cream in North America, has emerged as one of the market leaders in vegan and dairy-free frozen desserts. It has been able to gain a significant market share thanks to its distinctive line of dairy-free options, driving regional expansion.
Key Industry Development:
- In November 2022, Unilever announced plans to invest in cow-free dairy to reduce the carbon footprint of its ice cream business with the help of more sophisticated precision fermentation technology.
Non-Dairy Ice Cream Market Segmentation:
By Product Type
- Artisanal
- Impulse
- Take Home
By Source
- Coconut Milk
- Soya Milk
- Almond Milk
- Cashew Milk
By Form
- Singles
- Blends
By Flavor
- Chocolate
- Vanilla
- Caramel
- Coffee
- Others
