What's driving the Non-Dairy Ice Cream Market trends? Unilever, General Mills, Booja Booja, Tofutti Brands, Inc., Danone, Happy Cow Limited, Bliss Unlimited, LLC.

Increasing consumer spending on functional food and confectionary items will foster non-dairy ice cream market share. Desserts are among the most preferred dishes in numerous restaurants owing to tasteful flavors such as raspberry, chocolate salted caramel, hazelnut & rose, mint and double choc chip, thereby propelling sales growth. Also, increasing popularity of tasteful flavors including almond with a cocoa twist, coconut with a passion fruit twist flavors, and raspberry ripple boosting non-dairy ice cream industry.

Global Non-Dairy Ice Cream Market size is Expected to surpass USD 1 billion With 14.7 CAGR by 2025.Shifting consumer preference towards the vegan diet is expected to propel non-dairy ice cream market. Growing lactose intolerance population resulted in an improved demand for plant-based food products. Approximately over 50 million U.S. population is affected by gastrointestinal malabsorption owing to the inability of the digestive system to breaks down lactose compound.

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"Global Non-Dairy Ice Cream Market valuation surpassing USD 400 Million in 2017 And may exceed USD 1 billion by 2025; according to a new research report by Global Market Insights, Inc."

Top Key Players:

1. Unilever
2. General Mills
3. Danone
4. BoojaBooja
5. Tofutti Brands, Inc.
6. Happy Cow Limited
7. Bliss Unlimited, LLC
8. Eden Creamery LLC.
9. Over The Moo
10. Swedish Glace
11. Dream
12. NadaMoo
13. Van Leeuwen
14. Trader Joes

Market Segmentation By Types:

1. Impulse
2. Artisanal
3. Take Home

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Coconut milk segment is projected to witness more than 14% CAGR from 2018 to 2024. Improved usage of coconut milk owing to cost-effective benefits are fostering product landscape. It provides similar properties as compared to dairy milk especially the presence of fats components stimulating industrial usage. Coconut milk is highly compatible with several flavors that enhances textures are key benefits are propelling non-dairy ice cream market share.

Manufacturers are anticipated to enhanced nutritional value and product quality by usage of fruits, nuts, peanut butter and beans with add on flavors. Vegan milk such as coconut milk, soy milk, and almond milk are extensively used as raw material in the manufacturing of non-diary ice cream. Effective health benefits owing to the presence of nutritional elements in the products will boost market share during the forecast period.

Take home segment is expected to experience more than 13.5% CAGR up to 2024. Rapid urbanization primarily boosting product demand, especially for take-home choices. Increasing product consumption in off-premise owing to higher convenience advantages boosting revenue share.Singles form segment generated over USD 270 million in 2017. Rising demand for tangy flavors including strawberry, vanilla, and chocolate are primarily driving market growth. Manufacturing companies are providing attractive fruity flavors in different variants positively stimulating market penetration in several countries.

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

Vanilla segment captured over 23% market share in 2017. Rising demand for vanilla flavor owing to its pleasant taste in conventional and non-diary ice-creams are propelling industry share. Premium segment widely uses flavors including vanilla & hazelnut chocolate flavors, bourbon vanilla extract in the products. Non-dairy ice-cream products have captured strong attention from young generation due to the availability of numerous fruitful flavor options stimulating market penetration..

Asia Pacific market accounted for more than USD 150 million revenue in 2017. Improved demand for vegan products owing to growing awareness among the huge population supporting sales growth across the region. Strong presence of manufacturing companies catering lactose intolerant consumers mainly boosting market expansion in emerging countries. Increasing population across China, India, Japan, and Australia stimulating non-dairy ice cream industry growth.

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Key industry players are Bliss Unlimited LLC, Unilever. Danone, General Mills, BoojaBooja, NadaMoo, and Swedish Glace. Companies are focusing on new product development by adding nutritional ingredients to cater to health-conscious consumer base and enhance product sales.

Partial Table Of Content :

Chapter 4. Non-dairy Ice cream Market, By Source

4.1. Global non-dairy ice cream market share by source, 2017 & 2024
4.2. Coconut milk
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3. Almond milk
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013-2024
4.4. Cashew milk
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013-2024
4.5. Soy milk
4.5.1. Market estimates and forecast, 2013 - 2024
4.5.2. Market estimates and forecast, by region, 2013-2024
4.6. Other sources (Vegetable Oil, Rice Milk, Hemp)
4.6.1. Market estimates and forecast, 2013 - 2024
4.6.2. Market estimates and forecast, by region, 2013-2024

In-depth table of contents @ https://www.gminsights.com/toc/detail/non-dairy-ice-cream-market

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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.

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