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Non-Dairy Ice Cream Market Expected to Reach a Valuation of US$ 3.4 Bn by 2031

11-06-2024 12:01 PM CET | Food & Beverage

Press release from: Persistence Market Research

Non-Dairy Ice Cream Market Expected to Reach a Valuation of US$

Introduction

The Non-Dairy Ice Cream market is witnessing significant growth as consumers increasingly seek plant-based alternatives to traditional dairy products. Health-conscious individuals, lactose-intolerant consumers, and those adhering to vegan diets are driving the demand for non-dairy ice creams. This market includes products made from almond, coconut, soy, and other plant-based sources, providing a range of flavors and textures that cater to diverse consumer preferences. This report provides a comprehensive analysis of the non-dairy ice cream market, focusing on trends, drivers, challenges, and future growth projections.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐏𝐃𝐅- https://www.persistencemarketresearch.com/samples/34038
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Market Overview

The shift towards plant-based diets has fueled the demand for non-dairy products, with non-dairy ice cream emerging as a popular choice among health-conscious consumers. Innovations in product offerings and ingredient formulations have enabled manufacturers to replicate the creamy texture of traditional ice cream, enhancing its appeal among both vegan and non-vegan consumers. The market is also benefiting from increased availability across mainstream retail channels and online platforms.

Market Size and Growth

The global non-dairy ice cream market is forecast to expand at a compound annual growth rate (CAGR) of 8.5%, rising from a projected value of US$ 2.1 Billion in 2024 to US$ 3.4 Billion by the end of 2031. This growth is driven by a surge in demand for lactose-free, vegan, and allergen-friendly alternatives to traditional ice cream. The appeal of non-dairy ice cream is enhanced by its perceived health benefits and environmental sustainability, as consumers look for products with a lower environmental impact.

Key Drivers

Rising Vegan and Flexitarian Populations: With an increasing number of consumers adopting vegan or flexitarian lifestyles, demand for non-dairy ice cream has surged as these consumers seek alternatives to dairy-based products.
Growing Lactose Intolerance Awareness: The prevalence of lactose intolerance globally has increased awareness and demand for dairy-free options, particularly among consumers who enjoy traditional ice cream but seek alternatives due to digestive issues.

Health and Wellness Trends: Health-conscious consumers are increasingly looking for products with fewer artificial ingredients, less sugar, and more natural ingredients. Non-dairy ice creams are perceived as healthier options, particularly when made with nutrient-rich bases like almond and oat.

Environmental Concerns: The environmental impact of dairy farming has prompted some consumers to choose plant-based products, which are considered more sustainable and environmentally friendly.

Market Segmentation

By Base Ingredient

Almond
Coconut
Soy
Oat
Cashew
Other Plant-Based Ingredients
By Flavor

Vanilla
Chocolate
Strawberry
Coffee
Mint
Other Varieties
By Distribution Channel

Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Retail
By Region

North America
Europe
Asia-Pacific
Latin America
Middle East and Africa

Challenges

Higher Production Costs: Compared to traditional dairy ice cream, non-dairy ice cream can be more expensive to produce due to the cost of raw ingredients, particularly when using premium nuts and plant-based milks.

Textural and Taste Preferences: Achieving the creamy texture and rich taste associated with dairy ice cream is challenging, and manufacturers must continuously innovate to meet consumer expectations.

Short Shelf Life: Plant-based products, including non-dairy ice creams, can have a shorter shelf life than dairy-based counterparts, posing storage and distribution challenges.
Regulatory Compliance: Non-dairy ice cream manufacturers must comply with various food safety regulations and labeling requirements across different regions, which can add to production complexity.

Key Players

Several major companies are making strides in the non-dairy ice cream market, leveraging their expertise in both dairy and plant-based products. Key players include:

Unilever (Ben & Jerry's)
Nestlé
Danone (So Delicious)
Beyond Better Foods (Halo Top)
The Coconut Collaborative
Swedish Glace
Booja-Booja
Arctic Zero
NadaMoo!
Alden's Organic

These companies are continually innovating with new flavors, formulations, and branding to meet the evolving demands of consumers in this competitive space.

Technological Innovations

Improved Plant-Based Formulations: Advances in food technology have enabled the development of creamier, more consistent textures in non-dairy ice cream, making them increasingly comparable to traditional dairy ice creams.
Reduced Sugar and Health-Focused Innovations: Companies are focusing on creating low-calorie, reduced-sugar versions of non-dairy ice cream to appeal to health-conscious consumers.

Sustainable Packaging: In response to growing environmental concerns, manufacturers are investing in sustainable packaging options, including recyclable and biodegradable materials, to reduce their environmental footprint.

Future Trends

Expansion of Flavors and Ingredients: As the non-dairy ice cream market matures, companies are likely to experiment with unique flavors and functional ingredients such as protein, probiotics, and superfoods.

Regional Growth in Asia-Pacific and Latin America: With rising disposable incomes and increasing interest in plant-based products, the Asia-Pacific and Latin American regions are expected to see significant growth in the demand for non-dairy ice creams.

Focus on Organic and Clean Label Products: Consumers increasingly prefer clean-label, organic products with transparent ingredient sourcing, pushing companies to adopt these practices.

Growth in E-commerce: The rising prevalence of online shopping provides non-dairy ice cream brands with the opportunity to reach a wider audience, especially for niche flavors and dietary-specific products.

Conclusion

The global non-dairy ice cream market is on a growth trajectory, fueled by shifts in consumer preferences toward plant-based and healthier food options. By 2031, the market is expected to reach a valuation of US$ 3.4 Billion, with a steady CAGR of 8.5%. While challenges such as cost and taste remain, innovations in plant-based ingredients, product formulations, and flavor variety are likely to drive continued market expansion. With increasing investments in technology and sustainability, the non-dairy ice cream market is set to become a staple in the broader ice cream and frozen desserts industry, appealing to consumers who prioritize health, taste, and environmental impact.

More Related Article :

https://www.linkedin.com/pulse/top-trends-shaping-hazelnut-market-2024-food-science-innovation-hub-vcgof/?published=t

https://www.linkedin.com/pulse/cherry-concentrate-boom-trends-applications-tg6cf/

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

Contact Us:

Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

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