Global Non-Dairy Ice Cream Market: Growth Drivers and Consumer Trends by 2033

"The Business Research Company recently released a comprehensive report on the Global Non-Dairy Ice Cream Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The non-dairy ice cream market size has grown rapidly in recent years. It will grow from $0.93 billion in 2023 to $1.03 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to changing demographics, cultural diversity and dietary preferences, celebrity endorsements and influencers, and restaurant and dessert menu inclusions.

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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Market Drivers and Trends:
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.

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.

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Major Key Players of the Market:
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

Non-Dairy Ice Cream Market 2024 Key Insights:
• 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%.
• Rise In Vegan Population Fuels Non-Dairy Ice Cream Market Growth
• Innovative Offerings Driving Revenue Growth In The Market
• North America was the largest region in the non-dairy ice cream market in 2023

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