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Non-Dairy Ice Cream Global Market Report 2024 by The Business Research Company | Nestlé S.A., The Hain Celestial Group Inc., Ben & Jerry's Homemade Holdings Inc, Oatly Group AB, Jeni's Splendid Ice Creams, Reuben and Rose Mattus, Perfect Day Inc.,
Non-Dairy Ice Cream Market Size
The non-dairy ice cream market size is expected to see rapid growth in the next few years. It will grow to $1.57 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to government regulations, price competitiveness, allergen-free options, investment and marketing, and flavor diversity. Major trends in the forecast period include innovation in ingredients, product innovation, collaborations and partnerships, premiumization, functional ingredients, and innovative packaging.
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Non-Dairy Ice Cream Market Major Segments
The non-dairy ice cream market covered in this report is segmented -
1) By Flavor: Chocolate, Caramel, Coconut, Vanilla, Coffee, Fruit, Cookies And Cream, Strawberry, Other Flavors
2) By Source: Coconut Milk, Almond Milk, Cashew Milk, Soy Milk, Oat Milk, Other Sources
3) By Packaging Type: Bottle, Cans
4) By Distribution Channel: Supermarkets, Convenience Stores, Food And Drink Specialists, Restaurants, Online Stores, Other Distribution Channels
Key Driver - Rise In Vegan Population Fuels Non-Dairy Ice Cream Market Growth
An increasing vegan population is expected to propel the growth of the non-dairy ice cream market going forward. The vegan population refers to individuals who adhere to a lifestyle and diet that excludes animal-derived products. The rise in the vegan population is attributed to growing concerns about animal welfare, environmental sustainability, and personal health. Non-dairy ice cream is a popular choice among the vegan population. It provides a delicious frozen dessert option that aligns with a plant-based lifestyle while offering diverse flavors and creamy textures without animal products. For instance, in January 2023, according to a report published by the United States Department of Agriculture, a US-based federal department responsible for various aspects including farming, forestry, and food, it was highlighted that in Germany, nearly 8 million people adhered to a vegetarian diet, with 1.58 million identifying as vegan in 2022. Moreover, approximately 55% of the population in Germany is classified as part-time vegetarians or flexitarians, demonstrating a growing concern about meat consumption. Therefore, the increasing vegan population is driving the growth of the non-dairy ice cream market.
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Prominent Trend - Innovative Offerings Driving Revenue Growth In The Market
Major companies operating in the vegan ice cream market prioritize innovative products with sorbet centers to maximize their offerings and to expand their product portfolio. A sorbet center in ice cream is a flavorful, frozen, fruit-based filling surrounded by a creamy ice cream exterior. For instance, in February 2024, Magnum, a Unilever PLC brand, a UK-based consumer goods company, launched the vegan blueberry cookie ice cream with sorbet centre. It features a vegan vanilla biscuit-flavored ice cream wrapped in a vegan chocolate coating with crunchy cookie pieces and a fruity blueberry sorbet core, making it suitable for those following a vegan diet.
Non-Dairy Ice Cream Market Players
Major companies operating in the non-dairy ice cream market are Nestlé S.A., The Hain Celestial Group Inc., Ben & Jerry's Homemade Holdings Inc, Oatly Group AB, Jeni's Splendid Ice Creams, Reuben and Rose Mattus, Perfect Day Inc., Perry's Ice Cream, Daiya Foods Inc., Magnum, Arctic Zero, Talenti Gelato LLC, Frankie & Jo's LLC, Tofutti Brands Inc., So Delicious Dairy Free, Coolhaus, Happy Cow Ltd (HCL), NadaMoo, Breyers, Bliss Unlimited LLC, Booja-Booja Company Ltd, Over The Moo, Oat & Mill
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Largest And Fastest Growing Region In The Market
North America was the largest region in the non-dairy ice cream market in 2023. The regions covered in the non-dairy ice cream market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Non-Dairy Ice Cream Market Report Structure
3. Non-Dairy Ice Cream Market Trends And Strategies
4. Non-Dairy Ice Cream Market - Macro Economic Scenario
5. Non-Dairy Ice Cream Market Size And Growth
…..
27. Non-Dairy Ice Cream Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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