Vegan Ice-Cream Market- Global Industry Trends & Forecast to 2029

Vegan ice-cream is rich in high lipid substances, sugars, casein, nutrients, and energy. Vegan ice-cream delivers substantial amounts of fat and is rich in delicious flavours including dark chocolate, almond sea salt, cherry cashew, mint chip, raspberry, coffee hazelnut, and salted caramel.
Data Bridge Market Research analyses that the vegan ice-cream market is expected to undergo a CAGR of 10.80% during the forecast period. This indicates that the market value, which was USD 595.26 million in 2021, would rocket up to USD 1,015.15 million by 2029. "Caramel" dominates the flavor segment of the vegan ice-cream market owing to the rising vegan population base globally.

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COVID-19 has moderately impacted the market owing to the changes in the buying behaviour of the consumers, due to the enhanced awareness of their health, and increasing preference for lactose-free/vegan/plant-based foods including ice creams. Also, growing lactose intolerance while an expanding segment of consumers moving towards a vegan diet. However, with the increasing relaxations, a rise in import and export is significantly expected. Respective governing authorities are beginning to lift these enforced lockdowns which is a positive sign for the market.

Key players operating in the vegan ice-cream market are:

Bliss Unlimited, LLC. (US)
General Mills Inc. (US)
Wells Enterprises. (US)
HAPPY COW LIMITED (India)
McDonald's. (US)
Nestlé S.A. (Switzerland)

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