According to a new report published by Introspective Market Research, “Vegan Ice-Cream Market by Source, Flavour, Form, distribution channel and Region: Global Opportunity Analysis and Industry Forecast, 2024–2032,”
the global vegan ice-cream market size was valued at 686.20 million in 2023, and is projected to reach USD 1741.14 million by 2032, registering a CAGR of 10.9 % from 2024 to 2032.
Vegan ice-cream involves the plant-based milk products. Rich vegan ice creams use plant-based milks that also have a lot of fat in them, much like dairy-based ice cream does. The only significant distinctions are thatvegan ice cream is cruelty-free and safe for individuals with milk allergies or sensitivities. Ice cream made from soy, almond, cashew, coconut, or rice milk will be produced commercially.
A wide range of oil-based polymer is currently used in packaging applications. This material is nonbiodegradable in nature and is difficult to recycle or reuse as it can become contaminated. Biodegradable plastics were developed from renewable resources to overcome the drawbacks of nonbiodegradable products. Rising awareness about animal cruelty is yet again bolstering the demand for vegan products.
Owing to the growing awareness regarding plant-based dairy-free products, consumers are willing to opt for dairy-free ice cream. This has led key players to invest in their research and development activities in order to come up with dairy-free frozen desserts including ice creams. In food and beverage industry one of the fastest growing industry is vegan ice-cream market. Industry getting significant expansion with changing lifestyles, increased disposable income, and improved cold chain infrastructure.
Vegan ice-cream is rising concerns about lactose intolerance. The Vegan Ice-cream is prepared by using soy, almond, cashew, coconut, or rice milk. Without killing any animals, these items will provide all the delectable flavours and creaminess of ice cream. By offering not just a variety of flavour selections but also a wide range of products, such as pint-sized containers, ice cream sandwiches, fudge bars, and more. Large proportion of the world’s population are “lactose maldigests,” which means they struggle to digest lactose. To overcome this problem people preferring vegan ice-creams to maintain their diet and health which drive the market.
The demand for vegan ice cream is propelled by a rising shift in consumer health consciousness and dietary preferences. Individuals increasingly adopt vegan and lactose-free diets due to various health considerations, allergies, or ethical choices, making vegan ice cream a sought-after choice for those seeking dairy-free, plant-based alternatives.
Vegan Ice-Cream Market, Segmentation
The VEGAN ICE-CREAM market is segmented on the basis of Source, Flavour, Form, distribution channel and region.
Source
The type segment is further classified into Coconut Milk, Almond Milk, Cashew Milk, Soy Milk. Among these, the almond milk sub-segment accounted for the highest market share in 2023.Almond milk, known for its creamy texture and nutty flavour, is a popular plant-based milk alternative, making it an excellent base for vegan ice cream. Its natural sweetness and low-calorie content compared to traditional cow's milk attract consumers seeking dairy-free options.
Also, almond milk's richness in vitamins and minerals like vitamin E and calcium enhances the nutritional profile of vegan ice cream. Being lactose-free, almond milk caters to individuals with lactose intolerance or dairy allergies, significantly widening the consumer base for almond milk vegan ice cream. This meets the needs of those seeking a non-dairy frozen dessert without compromising on taste and texture.
Flavour:
The application segment is further classified into Caramel, Chocolate, Coconut, Coffee, Vanilla, Fruits and Others. Among these, the xx sub-segment is anticipated to show the fastest growth by 2032. Many personal care product manufacturers are moving towards greener alternatives by reducing the number of materials used in packaging. Consumer awareness of the sustainability of product packaging is driving the change. Companies operating in the market have thus adopted paperboard packaging with thin plastic packaging wherever possible.
Region:
The Vegan Ice-cream market in Western Europe is projected to show the fastest growth by 2032. Western Europe has dominated the fruit flavour market as rising health awareness and a growing interest in plant-based diets, with consumers seeking healthier and more sustainable food choices. Vegan ice cream, made from plant-based milk alternatives such as almond, coconut, or soy, aligns with these dietary preferences, offering a guilt-free indulgence.
The region is experiencing a surge in the number of individuals adopting vegan and vegetarian lifestyles, influenced by ethical considerations surrounding animal welfare and environmental sustainability. As a result, the demand for dairy-free alternatives like vegan ice cream has skyrocketed, prompting manufacturers to introduce a diverse range of innovative flavours and premium offerings.
Some Of the Leading Vegan Ice-Cream Market Players Are
- Ben & Jerry's (USA)
- Oppo Brothers (UK)
- So Delicious Dairy Free (USA)
- Coconut Bliss (USA)
- Oatly (Sweden)
- Swedish Glace (Sweden)
- Cornetto (Italy)
- Swedish Glace (Sweden)
- Alpro (Belgium)
- Valsoia (Italy)
Key Industry Developments
- In Feb 2024, Reformulating Ben and Jerry’s dairy-free
Having experimented with almond and sunflower bases for Ben and Jerry’s vegan ice-cream products, Unilever is changing tack.
- In dec 2023, Salt and straw brings back popular dairy-free Ice cream series with 2 new flavours.
- In Aug 2023, A centuries-old bean is making a comeback in the form of vegan ice-cream
An ancient bean known as sweet lupin is creating new opportunities in Canada for high-protein, plant-based foods-including a vegan form of soft serve being sold at one of Winnipeg’s most iconic ice cream stands.
Key Findings of the Study / Key Industry Developments.
- The demand for vegan ice cream is propelled by a rising shift in consumer health consciousness and dietary preferences.
- Vegan ice-cream is rising concerns about lactose intolerance. The Vegan Ice-cream is prepared by using soy, almond, cashew, coconut, or rice milk.
- Western Europe has dominated the fruit flavour market as rising health awareness and a growing interest in plant-based diets, with consumers seeking healthier and more sustainable food choices
