Press release
Non-Dairy Ice Cream Market Business Overview by 2024 | General Mills, Unilever, Talenti, Danone, Swedish Glace
Non-Dairy Ice Cream Market
Growing vegan population along with inclination towards healthy lifestyles are among key factors propelling the non-dairy ice cream market growth. Increasing consumer spending on desserts, confectionery and other functional food items will support the industry demand. Rising awareness regarding lactose intolerance will further fuel the business development.
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Key Profiles:
• General Mills
• Unilever
• Talenti
• Booja Booja
• Danone
• Tofutti Brands
• Bliss Unlimited LLC
• Swedish Glace
• NadaMoo
Shifting consumer preference towards innovative products and flavors due to changing social trends will drive the non-dairy ice cream market size. Technological advancements in machineries and product innovations using avocado and hemp milk will augment the product adoption. Increasing raw material availability along with convenient production process are among major factors supporting the industry growth.
Coconut milk accounted for over 30% of the global non-dairy ice cream market share in 2017. Significant health benefits, ease in production along with texture compatibility are among key factors driving the product demand.
Rising penetration of renowned brands in non-dairy ice cream segment to gain competitive advantage will propel the industry demand. Innovative fruit-based flavor offerings through new product launches to improve consumer base are among key trends among manufacturers.
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Chocolate flavor is projected to witness CAGR at over 14.5% from 2018 to 2024. Extensive product offerings with multiple chocolate flavor variants including dark chocolate and chocolate chips is proliferating the non-dairy ice cream market.
Artisanal products are expected to witness significant growth rate during the forecast timeframe. Growing disposable incomes coupled with increasing number of artisanal franchisees particularly in emerging economies is fueling the segment growth.
Supermarkets will register sales at over USD 400 million by 2024. Changing shopping trends along with inclination towards one stop shopping has stimulated the supermarket counts globally.
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Europe non-dairy ice cream market is expected to witness CAGR at over 14% from 2018 to 2024. Higher vegan products demand owing to rising health consciousness and growing vegan population are primary factors driving the regional industry growth.
Global non-dairy ice cream market share is highly fragmented with presence of both regional and global companies. Notable players include General Mills, Unilever, Talenti, Booja Booja, Danone, Tofutti Brands, Bliss Unlimited LLC, Swedish Glace, and NadaMoo.
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