Global Plant-based Ice Creams Market Synopsis

The global plant-based ice cream market was worth USD 671.4 million in 2022. It is expected to reach USD 1,006.4 million by 2030 at a CAGR of 4.5% over the period from 2023 to 2030.

Plant-based ice creams are frozen desserts that are made without any animal-derived ingredients. Traditional ice cream typically contains dairy products like milk and cream, as well as eggs. Plant-based ice creams, on the other hand, use plant-based alternatives to create a creamy and delicious frozen treat.

  • The market has been significantly driven by the growing consumer interest in nutritional and sustainable food options. There is an increasing number of people looking for alternatives to traditional dairy ice creams because they are becoming aware of the ecological consequences and health implications that may arise from their choice of diet. Plant-based ice creams cater to these dietary limitations by not containing lactose and being low in saturated triglycerides, thus enabling a guilt-free indulgence.
  • To produce plant-based ice creams, non-dairy ingredients are used such as cashew milk, almond milk, coconut milk and soy milk among others. They helps lose weight, prevent heart disease, and improve the appearance of skin; they are also known as “vegan ice creams”. The plant-based ice creams come in a variety of Flavors such as caramel, chocolate, coconut, citrus and strawberry.
  • The market for plant-based ice cream continues to expand due to the following factors: Increasing consumer curiosity and interest in plant-based ice cream, growing demand for non-dairy desserts among vegan consumers, increased flexitarian diets that are adopted by consumers based on health concerns limiting the consumption of dairy products.

Global Plant-based Ice Creams Market Trend Analysis

The Growing Number of People Adopting Vegan and Vegetarian Lifestyles

  • The surge in individuals embracing vegan and vegetarian lifestyles has significantly propelled the plant-based ice cream market. This growing consumer base, driven by health, environmental, and ethical considerations, has fueled the demand for dairy-free alternatives. Plant-based ice creams, crafted from ingredients like coconut milk, almond milk, or soy, cater to this expanding market segment seeking cruelty-free and sustainable options.
  • The rising awareness of health benefits associated with plant-based diets, including reduced cholesterol and lower environmental impact, has been a key driver for the increasing popularity of plant-based ice creams. Moreover, as more people seek indulgent treats without compromising their dietary preferences, the market for these alternatives has experienced notable growth. Food companies have innovated and diversified their plant-based ice cream offerings, providing a wide array of flavors and textures to meet the evolving preferences of consumers.

Health and Wellness Trend Creates an Opportunity for Global Plant-based Ice Creams Market

  • The Health and Wellness trend presents a significant opportunity for the plant-based ice cream market. As consumers increasingly prioritize their well-being, there has been a notable shift towards healthier food choices. Plant-based ice creams, made from ingredients such as almond milk, coconut milk, or soy, align perfectly with this growing demand for nutritious yet indulgent treats.
  • These dairy-free alternatives cater to various dietary preferences, including vegan, lactose intolerant, and those seeking a lower-calorie option. Plant-based ice creams often boast natural, wholesome ingredients, offering a guilt-free dessert option. Additionally, they may contain less saturated fat and cholesterol compared to traditional dairy ice creams, appealing to health-conscious consumers.
  • The surge in environmental consciousness further contributes to the popularity of plant-based options. As consumers become more aware of the impact of their food choices on the planet, they are drawn to sustainable and eco-friendly alternatives. Plant-based ice creams, with their lower carbon footprint, fit well into this narrative.

Global Plant-based Ice Creams Market Segment Analysis:

Global Plant-based Ice Creams Market is Segmented into Form, Flavour, Packaging Type, Source, and Distribution Channel.

By Form, the Singles segment is expected to dominate the market during the forecast period.

  • In 2022, form estimated the revenue of approximately USD 450.6 million for the individual segment. This is because singles are cheaper and easier to manufacture than mixtures. Moreover, singles are more convenient for consumers in that they can be taken without having to mix them with other elements.

By Flavour, fruit segment held the largest share of 52.2% in 2022.

  • In 2022, the fruit flavour segment led the market for plant-based ice creams with more than 33.3 percent share of the total. The increase in consumer preference for natural and healthy alternatives to standard desserts is driving market demand for fruit-flavoured plant-based ice creams. There is a connection between the taste of fruit and how healthy it is said to be; this correlates with the fact that health-conscious consumers are increasingly opting for alternatives without dairy. Such goods provide a luxurious treat that allows for dietary limitations and food allergies while contributing to the development of this market.

Global Plant-based Ice Creams Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

  • Asia-Pacific was the leading region in the plant-based ice cream market. The global plant-based ice cream market can be segmented into five main regions, namely Africa, North America, South America, Europe and Asia Pacific and Middle East. A study on the current state of the plant-based ice cream market reveals that Asia-Pacific held the largest market share of 38.6% in 2022. Consumer awareness affects the demand for plant-based ice cream in the region.
  • The market for plant-based ice cream in the Asia-Pacific region, including emerging economies like Japan, China and India is discussed. Among major factors driving the growth of plant-based ice cream market at large are rise in health awareness and new products launch by players. While the consumers prefer ice cream made with almond and coconut milk instead of soy milk, the latter is healthier and has a better taste.

Global Plant-based Ice Creams Market Top Key Players:

  • Ben & Jerry's (United States)
  • Häagen-Dazs (United States)
  • So Delicious Dairy Free (United States)
  • Alpro (Belgium)
  • NadaMoo! (United States)
  • Oatly (Sweden)
  • Coconut Bliss (United States)
  • Perfect Day (United States)
  • Nush Foods (United Kingdom)
  • Van Leeuwen (United States)
  • Nobó (Ireland)
  • Daiya Foods (Canada)
  • Booja-Booja (United Kingdom)
  • Eclipse Foods (United States)
  • Tofutti Brands Inc. (United States)
  • Arctic Zero (United States)
  • Three Twins Ice Cream (United States)
  • Dream (United States)
  • Talenti (United States)
  • Revelé (United States)
  • Oat & Mill (Canada)
  • Sweet Ritual (United States)
  • Frankie & Jo's (United States)
  • Oat of the Ordinary (United States)
  • Mister Dewie's (United States)

Key Industry Developments in the Global Plant-based Ice Creams Market:

  • In January 2023, Unilever, a major player in the traditional ice cream market, acquired Betty Ice, a Romanian ice cream producer. This move suggests Unilever's intention to strengthen its presence in the plant-based segment, leveraging Betty Ice's existing expertise.
  • In December 2023, food giant ADM announced the acquisition of FDL, a UK-based developer and producer of premium flavor and functional ingredient systems. This indicates ADM's focus on building its capacity for innovative flavors, potentially catering to the evolving plant-based ice cream market.

Global Plant-based Ice Creams Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 671.4 Mn.

Forecast Period 2023-30 CAGR:

4.5%

Market Size in 2030:

USD 1,006.4 Mn.

Segments Covered:

By Form

  • Blends
  • Singles

By Flavour

  • Beans
  • Nuts
  • Fruits
  • Herbs

By Packaging Type

  • Tubs
  • Cones
  • Bars

By Source

 

 

  • Coconut Milk
  • Soy Milk
  • Almond Milk
  • Cashew Milk

By Distribution Channel

  • Supermarkets and Hypermarkets
  • Convenience stores
  • Specialty stores
  • Online retail

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • The growing number of people adopting vegan and vegetarian lifestyles

Key Market Restraints:

  • Ingredient Availability and Cost

Key Opportunities:

  • Health and Wellness Trend

Companies Covered in the report:

  • Ben & Jerry's (United States), Häagen-Dazs (United States), So Delicious Dairy Free (United States), Alpro (Belgium), NadaMoo! (United States), and Other Major Players.
  1. INTRODUCTION
    1. RESEARCH OBJECTIVES
    2. RESEARCH METHODOLOGY
    3. RESEARCH PROCESS
    4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
    5. MARKET SEGMENTATION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GROWTH OPPORTUNITIES BY SEGMENT
  5. MARKET LANDSCAPE
    1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
    2. INDUSTRY VALUE CHAIN ANALYSIS
    3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    4. MARKET TREND ANALYSIS
    5. REGULATORY LANDSCAPE
    6. PESTLE ANALYSIS
    7. PRICE TREND ANALYSIS
    8. PATENT ANALYSIS
    9. FORM EVALUATION
    10. ANALYSIS OF THE IMPACT OF COVID-19
      1. Impact On The Overall Market
      2. Impact On The Supply Chain
      3. Impact On The Key Manufacturers
      4. Impact On The Pricing
      5. Post COVID Situation
    11. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
      1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
    12. ECOSYSTEM
  6. PLANT-BASED ICE CREAMS MARKET BY FORM (2017-2030)
    1. PLANT-BASED ICE CREAMS MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. BLENDS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. SINGLES
  7. PLANT-BASED ICE CREAMS MARKET BY FLAVOUR (2017-2030)
    1. PLANT-BASED ICE CREAMS MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. BEANS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. NUTS
    5. FRUITS
    6. HERBS
  8. PLANT-BASED ICE CREAMS MARKET BY PACKAGING TYPE (2017-2030)
    1. PLANT-BASED ICE CREAMS MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. TUBS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. CONES
    5. BARS
  9. PLANT-BASED ICE CREAMS MARKET BY SOURCE (2017-2030)
    1. PLANT-BASED ICE CREAMS MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. COCONUT MILK
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. SOY MILK
    5. ALMOND MILK
    6. CASHEW MILK
  10. PLANT-BASED ICE CREAMS MARKET BY DISTRIBUTION CHANNEL (2017-2030)
    1. PLANT-BASED ICE CREAMS MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. SUPERMARKETS/HYPERMARKETS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. CONVENIENCE STORES
    5. SPECIALTY STORES
    6. ONLINE RETAIL
  11. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. PLANT-BASED ICE CREAMS Market Share By Manufacturer (2022)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. BEN & JERRY'S (UNITED STATES)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
    3. HÄAGEN-DAZS (UNITED STATES)
    4. SO DELICIOUS DAIRY FREE (UNITED STATES)
    5. ALPRO (BELGIUM)
    6. NADAMOO! (UNITED STATES)
    7. OATLY (SWEDEN)
    8. COCONUT BLISS (UNITED STATES)
    9. PERFECT DAY (UNITED STATES)
    10. NUSH FOODS (UNITED KINGDOM)
    11. VAN LEEUWEN (UNITED STATES)
    12. NOBÓ (IRELAND)
    13. DAIYA FOODS (CANADA)
    14. BOOJA-BOOJA (UNITED KINGDOM)
    15. ECLIPSE FOODS (UNITED STATES)
    16. TOFUTTI BRANDS INC. (UNITED STATES)
    17. ARCTIC ZERO (UNITED STATES)
    18. THREE TWINS ICE CREAM (UNITED STATES)
    19. DREAM (UNITED STATES)
    20. TALENTI (UNITED STATES)
    21. REVELÉ (UNITED STATES)
    22. OAT & MILL (CANADA)
    23. SWEET RITUAL (UNITED STATES)
    24. FRANKIE & JO'S (UNITED STATES)
    25. OAT OF THE ORDINARY (UNITED STATES)
    26. MISTER DEWIE'S (UNITED STATES)
  12. GLOBAL PLANT-BASED ICE CREAMS MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Form
      5. Historic And Forecasted Market Size By Flavour
      6. Historic And Forecasted Market Size By Packaging Type
      7. Historic And Forecasted Market Size By Source
      8. Historic And Forecasted Market Size By Distribution Channel
      9. Historic And Forecasted Market Size By Country
        1. USA
        2. Canada
        3. Mexico
    3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. Russia
        2. Bulgaria
        3. The Czech Republic
        4. Hungary
        5. Poland
        6. Romania
        7. Rest Of Eastern Europe
    4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. Germany
        2. United Kingdom
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest Of Western Europe
    5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Malaysia
        6. Thailand
        7. Vietnam
        8. The Philippines
        9. Australia
        10. New-Zealand
        11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  13. INVESTMENT ANALYSIS
  14. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

Global Plant-based Ice Creams Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 671.4 Mn.

Forecast Period 2023-30 CAGR:

4.5%

Market Size in 2030:

USD 1,006.4 Mn.

Segments Covered:

By Form

  • Blends
  • Singles

By Flavour

  • Beans
  • Nuts
  • Fruits
  • Herbs

By Packaging Type

  • Tubs
  • Cones
  • Bars

By Source

 

 

  • Coconut Milk
  • Soy Milk
  • Almond Milk
  • Cashew Milk

By Distribution Channel

  • Supermarkets and Hypermarkets
  • Convenience stores
  • Specialty stores
  • Online retail

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • The growing number of people adopting vegan and vegetarian lifestyles

Key Market Restraints:

  • Ingredient Availability and Cost

Key Opportunities:

  • Health and Wellness Trend

Companies Covered in the report:

  • Ben & Jerry's (United States), Häagen-Dazs (United States), So Delicious Dairy Free (United States), Alpro (Belgium), NadaMoo! (United States), and Other Major Players.
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Frequently Asked Questions :

What would be the forecast period in the Global Plant-based Ice Creams Market research report?

The forecast period in the Global Plant-based Ice Creams Market research report is 2023-2030.

Who are the key players in the Global Plant-based Ice Creams Market?

Ben & Jerry's (United States), Häagen-Dazs (United States), So Delicious Dairy Free (United States), Alpro (Belgium), NadaMoo! (United States), Oatly (Sweden), Coconut Bliss (United States), Perfect Day (United States), Nush Foods (United Kingdom), Van Leeuwen (United States), Nobó (Ireland), Daiya Foods (Canada), Booja-Booja (United Kingdom), Eclipse Foods (United States), Tofutti Brands Inc. (United States), Arctic Zero (United States), Three Twins Ice Cream (United States), Dream (United States), Talenti (United States), Revelé (United States), Oat & Mill (Canada), Sweet Ritual (United States), Frankie & Jo's (United States), Oat of the Ordinary (United States), Mister Dewie's (United States) and Other Major Players.

What are the segments of the Global Plant-based Ice Creams Market?

The Global Plant-based Ice Creams Market is segmented into Form, Flavour, Packaging Type, Source, Distribution Channel, and region. By Form, the market is categorized into Blends, Singles. By Flavour, the market is categorized into Beans, Nuts, Fruits, Herbs. By Packaging Type, the market is categorized into Tubs, Cones, Bars. By Source, the market is categorized into Coconut Milk, Soy Milk, Almond Milk, Cashew Milk. By Distribution Channel, the market is categorized into Supermarkets/Hypermarkets, Convenience stores, Specialty stores, Online retail. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Global Plant-based Ice Creams Market?

Plant-based ice creams are frozen desserts that are made without any animal-derived ingredients. Traditional ice cream typically contains dairy products like milk and cream, as well as eggs. Plant-based ice creams, on the other hand, use plant-based alternatives to create a creamy and delicious frozen treat.

How big is the Global Plant-based Ice Creams Market?

The global plant-based ice cream market was worth USD 671.4 million in 2022. As such, the forecasts that the market is expected to reach USD 1,006.4 million by 2030 with a CAGR of 4.5% over the period from 2023 to 2030.