Vegan Ice-cream Market Synopsis
Vegan Ice-cream Market Size Was Valued at USD 761.00 Million in 2024, and is Projected to Reach USD 1741.15 Million by 2032, Growing at a CAGR of 10.9% From 2025-2032
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 that vegan 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.
One of the fastest-growing markets in the food and beverage sector right now is vegan ice cream. The industry is poised for significant expansion with changing lifestyles, increased disposable income, and improved cold chain infrastructure. Surging vegan population base is fostering the growth of the market. Vegan ice-creams help in improving digestion, strengthens the functioning of immunity system, improves blood pressure and much more.
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.
Vegan ice cream products are becoming more widely available in grocery stores, supermarkets, and specialty health food stores. Additionally, many mainstream Ice-cream brands have introduced their own lines of vegan ice cream to cater to this growing market segment.
Vegan Ice-cream Market Trend Analysis
Vegan Ice-cream Market Growth Driver- Increased Prevalence of Lactose Intolerance and Dairy Allergies
- Lactose intolerance, the inability to digest lactose. 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. This is because their bodies don’t produce much lactase, which is the enzyme that breaks down lactose.so to overcome this problem people preferring vegan ice-creams to maintain their diet and health which drive the market.
Vegan Ice-cream Market Opportunity-Health and Dietary Preferences
- 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.
- Various health benefits of vegan ice cream, such as its lower saturated fat content, cholesterol-free nature, and fewer artificial additives, presents an opportunity for market growth. This trend global health and wellness, making vegan ice cream an attractive choice for consumers aiming for healthier dietary options while enjoying delicious frozen treats. The expansion of vegan options in the food market has led to increased variety and innovation in plant-based ice cream flavours and textures, appealing to a broader range of consumers.
Vegan Ice-cream Market Segment Analysis:
Vegan Ice-Cream Market is Segmented on the Basis of Source, Flavour, Product, Form, Distribution Channel and Region.
By Source, Almond Milk Segment is Expected to Dominate the Market During the Forecast Period
- 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.
- In this graph, it is shown that the value of almond milk worldwide is increasing continuously from year 2020 to 2023.
By Application, Caramel Segment Held the Largest Share In 2024
- Caramel is a beloved flavour known for its rich, sweet, and buttery taste, which resonates with a wide range of palates. The creamy texture of vegan ice cream made from plant-based milk alternatives such as almond, coconut, or soy, it offers a satisfying and delectable treat for those following a dairy-free lifestyle. The rising demand for caramel vegan ice cream among individuals with lactose intolerance or dairy allergies, as it contains no animal-derived ingredients is contributing to the market’s growth.
- As consumers become more health-conscious and mindful of their dietary choices, they seek alternatives that align with their values and preferences while still delivering on flavour and indulgence. The growing interest in plant-based diets and the desire for diverse, gourmet dessert choices are propelling the demand for caramel vegan ice cream.
Vegan Ice-cream Market Regional Insights:
Europe is Expected to Dominate the Market Over the Forecast period
- 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.
- Secondly, 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.
Vegan Ice-cream Market Active Players:
- 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)
- Frill (United Kingdom)
- Jollyum (United Kingdom)
- Nomoo (United Kingdom)
- Yorica! (United Kingdom)
- MiiRO (United Kingdom)
- Almond Dream (United Kingdom)
- Fravocado (Spain)
- Magnum (Netherlands)
- NadaMoo (USA)
- Van Leeuwen Artisan Ice Cream (USA)
- Luna & Larry's Coconut Bliss (USA)
- Daiya Foods (Canada)
- Jeni's Splendid Ice Creams (USA)
- Booja-Booja (UK)
- Other Active Players.
Key Industry Developments in the Vegan Ice-cream Market:
- 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.
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Global Vegan Ice-cream Market |
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Base Year: |
2024 |
Forecast Period: |
2025-2032 |
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Historical Data: |
2018 to 2023 |
Market Size in 2024: |
USD 761.00 Million |
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Forecast Period 2025-32 CAGR: |
10.9 % |
Market Size in 2032: |
USD1741.15 Million |
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Segments Covered: |
By source |
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By Flavours |
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By Product |
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By Form |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
Ben & Jerry's (USA), Oppo Brothers (UK), So Delicious Dairy Free (USA), Cosmic Bliss (USA), Oatly (Sweden)and Other Active Players. |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Vegan Ice-Cream Market by source (2018-2032)
4.1 Vegan Ice-Cream Market Snapshot and Growth Engine
4.2 Market Overview
4.3 Coconut Milk
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
4.3.3 Key Market Trends, Growth Factors, and Opportunities
4.3.4 Geographic Segmentation Analysis
4.4 Almond Milk
4.5 Cashew Milk
4.6 Soy Milk
Chapter 5: Vegan Ice-Cream Market by Flavours (2018-2032)
5.1 Vegan Ice-Cream Market Snapshot and Growth Engine
5.2 Market Overview
5.3 Caramel
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
5.3.3 Key Market Trends, Growth Factors, and Opportunities
5.3.4 Geographic Segmentation Analysis
5.4 Chocolate
5.5 Coconut
5.6 Coffee
5.7 Vanilla
5.8 Fruits
Chapter 6: Vegan Ice-Cream Market by Product (2018-2032)
6.1 Vegan Ice-Cream Market Snapshot and Growth Engine
6.2 Market Overview
6.3 Impulse
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
6.3.3 Key Market Trends, Growth Factors, and Opportunities
6.3.4 Geographic Segmentation Analysis
6.4 Artisanal
6.5 Take Home
Chapter 7: Vegan Ice-Cream Market by Form (2018-2032)
7.1 Vegan Ice-Cream Market Snapshot and Growth Engine
7.2 Market Overview
7.3 Singles
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
7.3.3 Key Market Trends, Growth Factors, and Opportunities
7.3.4 Geographic Segmentation Analysis
7.4 Blends
Chapter 8: Vegan Ice-Cream Market by Distribution Channel (2018-2032)
8.1 Vegan Ice-Cream Market Snapshot and Growth Engine
8.2 Market Overview
8.3 Supermarkets
8.3.1 Introduction and Market Overview
8.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
8.3.3 Key Market Trends, Growth Factors, and Opportunities
8.3.4 Geographic Segmentation Analysis
8.4 Convenience Stores
8.5 Food and Drink Specialists
8.6 Restaurants
8.7 Online Stores
Chapter 9: Company Profiles and Competitive Analysis
9.1 Competitive Landscape
9.1.1 Competitive Benchmarking
9.1.2 Vegan Ice-Cream Market Share by Manufacturer (2024)
9.1.3 Industry BCG Matrix
9.1.4 Heat Map Analysis
9.1.5 Mergers and Acquisitions
9.2 BEN & JERRY'S (USA)
9.2.1 Company Overview
9.2.2 Key Executives
9.2.3 Company Snapshot
9.2.4 Role of the Company in the Market
9.2.5 Sustainability and Social Responsibility
9.2.6 Operating Business Segments
9.2.7 Product Portfolio
9.2.8 Business Performance
9.2.9 Key Strategic Moves and Recent Developments
9.2.10 SWOT Analysis
9.3 OPPO BROTHERS (UK)
9.4 SO DELICIOUS DAIRY FREE (USA)
9.5 COCONUT BLISS (USA)
9.6 OATLY (SWEDEN)
9.7 SWEDISH GLACE (SWEDEN)
9.8 CORNETTO (ITALY)
9.9 SWEDISH GLACE (SWEDEN)
9.10 ALPRO (BELGIUM)
9.11 VALSOIA (ITALY)
9.12 FRILL (UNITED KINGDOM)
9.13 JOLLYUM (UNITED KINGDOM)
9.14 NOMOO (UNITED KINGDOM)
9.15 YORICA! (UNITED KINGDOM)
9.16 MIIRO (UNITED KINGDOM)
9.17 ALMOND DREAM (UNITED KINGDOM)
9.18 FRAVOCADO (SPAIN)
9.19 MAGNUM (NETHERLANDS)
9.20 NADAMOO (USA)
9.21 VAN LEEUWEN ARTISAN ICE CREAM (USA)
9.22 LUNA & LARRY'S COCONUT BLISS (USA)
9.23 DAIYA FOODS (CANADA)
9.24 JENI'S SPLENDID ICE CREAMS (USA)
9.25 BOOJA-BOOJA (UK)
Chapter 10: Global Vegan Ice-Cream Market By Region
10.1 Overview
10.2. North America Vegan Ice-Cream Market
10.2.1 Key Market Trends, Growth Factors and Opportunities
10.2.2 Top Key Companies
10.2.3 Historic and Forecasted Market Size by Segments
10.2.4 Historic and Forecasted Market Size by source
10.2.4.1 Coconut Milk
10.2.4.2 Almond Milk
10.2.4.3 Cashew Milk
10.2.4.4 Soy Milk
10.2.5 Historic and Forecasted Market Size by Flavours
10.2.5.1 Caramel
10.2.5.2 Chocolate
10.2.5.3 Coconut
10.2.5.4 Coffee
10.2.5.5 Vanilla
10.2.5.6 Fruits
10.2.6 Historic and Forecasted Market Size by Product
10.2.6.1 Impulse
10.2.6.2 Artisanal
10.2.6.3 Take Home
10.2.7 Historic and Forecasted Market Size by Form
10.2.7.1 Singles
10.2.7.2 Blends
10.2.8 Historic and Forecasted Market Size by Distribution Channel
10.2.8.1 Supermarkets
10.2.8.2 Convenience Stores
10.2.8.3 Food and Drink Specialists
10.2.8.4 Restaurants
10.2.8.5 Online Stores
10.2.9 Historic and Forecast Market Size by Country
10.2.9.1 US
10.2.9.2 Canada
10.2.9.3 Mexico
10.3. Eastern Europe Vegan Ice-Cream Market
10.3.1 Key Market Trends, Growth Factors and Opportunities
10.3.2 Top Key Companies
10.3.3 Historic and Forecasted Market Size by Segments
10.3.4 Historic and Forecasted Market Size by source
10.3.4.1 Coconut Milk
10.3.4.2 Almond Milk
10.3.4.3 Cashew Milk
10.3.4.4 Soy Milk
10.3.5 Historic and Forecasted Market Size by Flavours
10.3.5.1 Caramel
10.3.5.2 Chocolate
10.3.5.3 Coconut
10.3.5.4 Coffee
10.3.5.5 Vanilla
10.3.5.6 Fruits
10.3.6 Historic and Forecasted Market Size by Product
10.3.6.1 Impulse
10.3.6.2 Artisanal
10.3.6.3 Take Home
10.3.7 Historic and Forecasted Market Size by Form
10.3.7.1 Singles
10.3.7.2 Blends
10.3.8 Historic and Forecasted Market Size by Distribution Channel
10.3.8.1 Supermarkets
10.3.8.2 Convenience Stores
10.3.8.3 Food and Drink Specialists
10.3.8.4 Restaurants
10.3.8.5 Online Stores
10.3.9 Historic and Forecast Market Size by Country
10.3.9.1 Russia
10.3.9.2 Bulgaria
10.3.9.3 The Czech Republic
10.3.9.4 Hungary
10.3.9.5 Poland
10.3.9.6 Romania
10.3.9.7 Rest of Eastern Europe
10.4. Western Europe Vegan Ice-Cream Market
10.4.1 Key Market Trends, Growth Factors and Opportunities
10.4.2 Top Key Companies
10.4.3 Historic and Forecasted Market Size by Segments
10.4.4 Historic and Forecasted Market Size by source
10.4.4.1 Coconut Milk
10.4.4.2 Almond Milk
10.4.4.3 Cashew Milk
10.4.4.4 Soy Milk
10.4.5 Historic and Forecasted Market Size by Flavours
10.4.5.1 Caramel
10.4.5.2 Chocolate
10.4.5.3 Coconut
10.4.5.4 Coffee
10.4.5.5 Vanilla
10.4.5.6 Fruits
10.4.6 Historic and Forecasted Market Size by Product
10.4.6.1 Impulse
10.4.6.2 Artisanal
10.4.6.3 Take Home
10.4.7 Historic and Forecasted Market Size by Form
10.4.7.1 Singles
10.4.7.2 Blends
10.4.8 Historic and Forecasted Market Size by Distribution Channel
10.4.8.1 Supermarkets
10.4.8.2 Convenience Stores
10.4.8.3 Food and Drink Specialists
10.4.8.4 Restaurants
10.4.8.5 Online Stores
10.4.9 Historic and Forecast Market Size by Country
10.4.9.1 Germany
10.4.9.2 UK
10.4.9.3 France
10.4.9.4 The Netherlands
10.4.9.5 Italy
10.4.9.6 Spain
10.4.9.7 Rest of Western Europe
10.5. Asia Pacific Vegan Ice-Cream Market
10.5.1 Key Market Trends, Growth Factors and Opportunities
10.5.2 Top Key Companies
10.5.3 Historic and Forecasted Market Size by Segments
10.5.4 Historic and Forecasted Market Size by source
10.5.4.1 Coconut Milk
10.5.4.2 Almond Milk
10.5.4.3 Cashew Milk
10.5.4.4 Soy Milk
10.5.5 Historic and Forecasted Market Size by Flavours
10.5.5.1 Caramel
10.5.5.2 Chocolate
10.5.5.3 Coconut
10.5.5.4 Coffee
10.5.5.5 Vanilla
10.5.5.6 Fruits
10.5.6 Historic and Forecasted Market Size by Product
10.5.6.1 Impulse
10.5.6.2 Artisanal
10.5.6.3 Take Home
10.5.7 Historic and Forecasted Market Size by Form
10.5.7.1 Singles
10.5.7.2 Blends
10.5.8 Historic and Forecasted Market Size by Distribution Channel
10.5.8.1 Supermarkets
10.5.8.2 Convenience Stores
10.5.8.3 Food and Drink Specialists
10.5.8.4 Restaurants
10.5.8.5 Online Stores
10.5.9 Historic and Forecast Market Size by Country
10.5.9.1 China
10.5.9.2 India
10.5.9.3 Japan
10.5.9.4 South Korea
10.5.9.5 Malaysia
10.5.9.6 Thailand
10.5.9.7 Vietnam
10.5.9.8 The Philippines
10.5.9.9 Australia
10.5.9.10 New Zealand
10.5.9.11 Rest of APAC
10.6. Middle East & Africa Vegan Ice-Cream Market
10.6.1 Key Market Trends, Growth Factors and Opportunities
10.6.2 Top Key Companies
10.6.3 Historic and Forecasted Market Size by Segments
10.6.4 Historic and Forecasted Market Size by source
10.6.4.1 Coconut Milk
10.6.4.2 Almond Milk
10.6.4.3 Cashew Milk
10.6.4.4 Soy Milk
10.6.5 Historic and Forecasted Market Size by Flavours
10.6.5.1 Caramel
10.6.5.2 Chocolate
10.6.5.3 Coconut
10.6.5.4 Coffee
10.6.5.5 Vanilla
10.6.5.6 Fruits
10.6.6 Historic and Forecasted Market Size by Product
10.6.6.1 Impulse
10.6.6.2 Artisanal
10.6.6.3 Take Home
10.6.7 Historic and Forecasted Market Size by Form
10.6.7.1 Singles
10.6.7.2 Blends
10.6.8 Historic and Forecasted Market Size by Distribution Channel
10.6.8.1 Supermarkets
10.6.8.2 Convenience Stores
10.6.8.3 Food and Drink Specialists
10.6.8.4 Restaurants
10.6.8.5 Online Stores
10.6.9 Historic and Forecast Market Size by Country
10.6.9.1 Turkiye
10.6.9.2 Bahrain
10.6.9.3 Kuwait
10.6.9.4 Saudi Arabia
10.6.9.5 Qatar
10.6.9.6 UAE
10.6.9.7 Israel
10.6.9.8 South Africa
10.7. South America Vegan Ice-Cream Market
10.7.1 Key Market Trends, Growth Factors and Opportunities
10.7.2 Top Key Companies
10.7.3 Historic and Forecasted Market Size by Segments
10.7.4 Historic and Forecasted Market Size by source
10.7.4.1 Coconut Milk
10.7.4.2 Almond Milk
10.7.4.3 Cashew Milk
10.7.4.4 Soy Milk
10.7.5 Historic and Forecasted Market Size by Flavours
10.7.5.1 Caramel
10.7.5.2 Chocolate
10.7.5.3 Coconut
10.7.5.4 Coffee
10.7.5.5 Vanilla
10.7.5.6 Fruits
10.7.6 Historic and Forecasted Market Size by Product
10.7.6.1 Impulse
10.7.6.2 Artisanal
10.7.6.3 Take Home
10.7.7 Historic and Forecasted Market Size by Form
10.7.7.1 Singles
10.7.7.2 Blends
10.7.8 Historic and Forecasted Market Size by Distribution Channel
10.7.8.1 Supermarkets
10.7.8.2 Convenience Stores
10.7.8.3 Food and Drink Specialists
10.7.8.4 Restaurants
10.7.8.5 Online Stores
10.7.9 Historic and Forecast Market Size by Country
10.7.9.1 Brazil
10.7.9.2 Argentina
10.7.9.3 Rest of SA
Chapter 11 Analyst Viewpoint and Conclusion
11.1 Recommendations and Concluding Analysis
11.2 Potential Market Strategies
Chapter 12 Research Methodology
12.1 Research Process
12.2 Primary Research
12.3 Secondary Research
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Global Vegan Ice-cream Market |
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|
Base Year: |
2024 |
Forecast Period: |
2025-2032 |
|
Historical Data: |
2018 to 2023 |
Market Size in 2024: |
USD 761.00 Million |
|
Forecast Period 2025-32 CAGR: |
10.9 % |
Market Size in 2032: |
USD1741.15 Million |
|
Segments Covered: |
By source |
|
|
|
By Flavours |
|
||
|
By Product |
|
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By Form |
|
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
|
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Key Opportunities: |
|
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Companies Covered in the report: |
Ben & Jerry's (USA), Oppo Brothers (UK), So Delicious Dairy Free (USA), Cosmic Bliss (USA), Oatly (Sweden)and Other Active Players. |
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