What will be the factors driving the Non-Dairy Ice Cream Market growth by 2024? General Mills, Unilever, Talenti, Danone, Swedish Glace
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 count of brands offering coconut-based products has enhanced the industry demand. However, almond milk is expected to witness higher CAGR owing to changing taste preferences and increasing number of product launches.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1786
• General Mills
• Booja Booja
• Tofutti Brands
• Bliss Unlimited LLC
• Swedish Glace
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. Expanding distribution networks coupled with attractive packaging will boost the product penetration during the forecast timeframe. However, changing raw material costs along with relatively high product prices may hinder the industry growth.
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. However, flavor portfolio largely varies on country level, due to changing taste preferences. For instance, lemon-based flavors are highly prevalent in specific European countries.
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. Whereas take home segment dominates the non-dairy ice cream market due to shifting preference for off-premise consumption. High product availability through supermarkets particularly in developed regions along with penetration of online stores will support the industry growth.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1786
Blended flavors are anticipated to register over 20 million liters demand by 2024. Flavor innovations along with rising consumer spending on premium flavors majorly in North America and Europe will supplement the business revenue. Increasing consumer preference for mint choco chip, cookies & cream, neapolitan, and mocha chocolate has stimulated the non-dairy ice cream demand.
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. Rising demand for take home products is significant factor supporting the segment share. Multiple brand availability along with competitive costs are among key factors positively influencing the industry demand.
Non-Dairy Ice Cream Market, By Source
• Coconut milk
• Almond milk
• Cashew milk
• Soy milk
• Others (Vegetable oil, rice milk, hemp milk)
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. Large number of products launches among European as well as global brands mainly including Ben & Jerry’s, Swedish Glace, and Booja Booja will support the industry demand.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/non-dairy-ice-cream-market
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. Merger & acquisitions along with product innovations are among key strategies adopted by manufacturers. For instance, in April 2017, Danone completed acquisition of WhiteWave Foods, an American packaged food manufacturer to expand its industry share.
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.
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.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What will be the factors driving the Non-Dairy Ice Cream Market growth by 2024? General Mills, Unilever, Talenti, Danone, Swedish Glace here
News-ID: 1770447 • Views: 146
More Releases from Global Market Insights, Inc.
U.S. Portable Generators Market Segmentation & Analysis 2019: Progresses, Global …
The U.S. Portable Generators Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure. The growth prospect of U.S. portable generators market seems to be quite pronounced with the country facing severe power outages prompted
Transformer Oil Market Growth Analysis, Share, Demand by Regions, Types and Anal …
Global Transformer Oil Market analysis mainly introduces the changing market dynamics in terms of covering all details inside analysis and opinion, volume and value market share by players, by regions, by product type, by consumers and their price change details, cost/revenue structure. Additionally, the analysis of Global Transformer Oil Market offers a detailed breakdown of key market growth drivers and limitation along with impact analysis of the same. The transformer oil
Nutritional Lipids Market 2020 Forecast 2026 | Top Players- DSM N.V., Archer Dan …
Market Overview: - The global Nutritional Lipids market is valued at 6 Billion USD in 2016 and is expected to reach 15 Billion USD by the end of 2024. The global 'Nutritional Lipids Market' study delivers an overall evaluation for stakeholders looking to expand their reach spanning various geographies, contenders, solution providers, new entrants in the industry, as well as financial speculators, private value firms, and government bodies. The report provides a
Broth Market 2020 Forecast 2026 - Campbell Soup Company, Pacific Foods of Oregon …
Market Overview: - The global Broth market is valued at 2 Billion USD in 2016 and is expected to reach 2.8 Billion USD by the end of 2024. The global 'Broth Market' study delivers an overall evaluation for stakeholders looking to expand their reach spanning various geographies, contenders, solution providers, new entrants in the industry, as well as financial speculators, private value firms, and government bodies. The report provides a detailed evaluation
More Releases for Ice
INTRODUCING THE FIRE & ICE FACIAL!
Dr. John A. Perrotti, top New York City plastic surgeon is thrilled to introduce the Fire & Ice Facial. Known in Hollywood as the Red Carpet Facial, this one of a kind facial has one of a kind results! Limited time offer only $149! The FIRE & ICE Facial reduces fine lines and wrinkles and smooths, softens, and encourages cellular renewal with two innovative masques. Get the same results as a quality
Organic Ice Cream Market Report
Summary This report describes the development of the industry by upstream & downstream, industry overall and development, key companies, as well as type segment & market application and so on, and makes a scientific prediction for the development industry prospects on the basis of analysis, finally, analyzes opportunities for investment in the industry at the end of the report. Get a Free Sample Copy of this Report @ https://www.planetmarketreports.com/report-sample/global-organic-ice-cream-market-9858 Industry Chain Raw Materials Cost Technology Consumer Preference Industry
Ice Maker Market Global Forecast 2018| Studied By Ice Man, Snooker, Ice-O-Matic, …
UpMarketResearch published an exclusive report on “Ice Maker market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 124 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. This report focuses on the Ice Maker market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.
Ice Scraper Market Scope
According to this study, over the next five years the Ice Scraper market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Ice Scraper business, shared in Chapter 3. This report presents a comprehensive overview, market shares, and
Global Ice Cream Market, 2025
IndexBox has just published a new report "World: Ice Cream - Market Report. Analysis And Forecast To 2025" ( http://www.indexbox.co.uk/store/world-ice-cream-market-report-analysis-and-forecast-to-2025/?utm_source=opr ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a detailed overview of the market before entering • Already work
Global Ice Market 2017 - Manitowoc Ice, Ice-O-Matic, Hoshizaki, Brema Ice Makers …
Global Ice Industry 2017 is an analytical research report that delves into the dynamics of the global Ice industry.It presents an executive-level blueprint of the market with key focus on its operations in globel. In a lucid chapter-wise format, the report presents the historical statistics of the Ice market in addition to studying the competitive landscape. The purpose of this study is to present a comprehensive overview of the market