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Vegan Ice Cream Global Market Report 2024 - By Report, Size, Share, Demand, Forecast To 2033
Vegan Ice Cream Market
As per the report, the vegan ice cream market size has grown strongly in recent years. It will grow from $0.67 billion in 2023 to $0.72 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The vegan ice cream market size is expected to see strong growth in the next few years. It will grow to $0.99 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.
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Vegan Ice Cream Market Growth Driven By Rising Health Awareness
The growth in health awareness is expected to propel the growth of the vegan ice cream market going forward. The attention towards health is rising due to increased awareness about pressing health issues, such as obesity, smoking, mental health, and infectious diseases. Vegan ice cream promotes health awareness by offering a dairy-free alternative with potentially lower cholesterol and saturated fat content. Plant-based ingredients are perceived as healthier options, appealing to individuals who are conscious of their dietary choices and seek alternatives that align with their health goals. For instance, in May 2022, according to an online survey of 1,005 Americans aged, 18 to 80 conducted by the International Food Information Council, a US-based non-profit organization, 52% of food and health survey participants followed a specific diet or eating pattern, up from 39% in 2021. The most common diets or eating patterns this year include clean eating (16%), mindful eating (14%), calorie counting (13%), and plant-based eating (12%). Therefore, the growth in health awareness is driving the development of the vegan ice cream market.
Innovative Offerings Driving Better Alternative
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.
The vegan ice cream market covered in this report is segmented -
1) By Source: Coconut Milk, Almond Milk, Cashew Milk, Soy Milk
2) By Product: Impulse, Artisanal, Take Home
3) By Form: Singles, Blends
4) By Flavor: Vanilla, Chocolate, Butter Pecan, Strawberry, Neapolitan, Cookies And Cream, Mint Chocolate Chip, Caramel
5) By Distribution Channel: Supermarkets, Convenience Stores, Food And Drink Specialists, Restaurants, Online Stores
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Major companies operating in the vegan ice cream market are Nestlé S.A., McDonald's Corporation, The Hain Celestial Group Inc., Wells Enterprises, Ben & Jerry's Homemade Holdings Inc., Oatly Group AB, JENI'S SPLENDID ICE CREAMS LLC, Perfect Day Inc., PERRY'S ICE CREAM CO INC., VAN LEEUWEN ICE CREAM LLC, Tofutti Brands Inc., So Delicious Dairy Free, Coolhaus, Happy Cow Limited, NadaMoo, Bliss Unlimited LLC, Booja-Booja Company Ltd, Over The Moo, Frankie & Jo's LLC, Three Twins Organic Inc., Oat & Mill, McConnell's Fine Ice Creams
Contents of the report:
1. Executive Summary
2. Vegan Ice Cream Market Report Structure
3. Vegan Ice Cream Market Trends And Strategies
4. Vegan Ice Cream Market - Macro Economic Scenario
5. Vegan Ice Cream Market Size And Growth
…..
27. Vegan 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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