Vegan Dessert Market Size, Share &Trends Analysis Report Forecast Period 2024-2031.

Vegan dessert market is anticipated to grow at a significant CAGR of 10.2% during the forecast period. Vegans do not consume meat, eggs, dairy products, or any other animal-derived substances. People are increasingly shifting toward an animal-free diet due to which the demand for vegan products has increased further leading to the growth of the vegan dessert industry. Moreover, consumers having dietary concerns, such as allergies to eggs, lactose intolerance, and high cholesterol level consume a vegan diet due to which several companies, restaurants, and cafes are inclined toward adding vegan desserts to their menus. For instance, in September 2021, Perfect Day and Villa Dolce entered into a partnership. Post-partnership, both the companies collaboratively launched seven different vegan gelato flavors including sea salt vanilla & honeycomb, caramel cold brew, chocolate all'arancia, strawberry after dark, burnt caramel praline, pistachio latte, and Tahitian vanilla bean. Villa Dolce and Perfect Day created four decadent, animal-free desserts that are cookie dough, pistachio cake, southern brown butter cake, and lava cake. Additionally, in September 2021, Komo Plant-Based Foods Inc. introduced a new line of vegan desserts using 100% plant-based and wholesome ingredients.

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Segmental Outlook

The global vegan dessert market is segmented based on product type, and distribution channel. Based on the product type, the market is segmented into biscuits & cookies, cakes & pastries, ice cream & puddings, frozen desserts, and others. Based on the distribution channel, the market is sub-segmented into hotels & restaurants, cafes, and online. Among the product type, the cakes & pastries sub-segment is expected to be the fastest-growing segment in the global vegan dessert market during the forecast period.

The ice cream & pudding sub-segment is expected to hold a prominent share in the global vegan dessert market during the forecast period. Regular ice cream contains a lot of sugar and calories due to which people suffering from diabetes and other health issues cannot consume ice cream, which decreases the demand for vegan ice cream and the growth of the market. Vegan ice creams are made with coconut milk, almond milk, oat milk, soy milk, and several others. Consumers are demanding for low calories and sugar-free vegan ice creams due to which many companies are focusing on the production of vegan ice cream without adding sugar. For instance, in April 2022, Nick's launched three vegan ice creams without added sugar exclusively at 7-Eleven across Sweden. The company lowered the fat content to meet consumers' demand for tasty ice cream that is lower in calories. Additionally, in September 2021, NOTO launched vegan ice cream in five flavors, dark chocolate, mocha almond, pistachio, salted caramel, and mango & raspberry.

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By Product Type (Biscuits & Cookies, Cakes & Pastries, Ice-cream & Puddings, Frozen Desserts, and Others) and

By Distribution Channel (Hotels & Restaurants, Cafes, and Online)

Market Players Outlook

The major companies serving the global vegan dessert market include Alternative Foods London Ltd. (OGGS), Bliss Unlimited, LLC (Cosmic Bliss), Danone S.A., Unilever N.V. (Ben & Jerry's Homemade, Inc.), Wells Enterprises, Inc. (Halo Top), and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2022, Bon Dévil launched a new line of plant-based desserts in grocers. The company launched 4 different flavors which include chocolate ganache, vanilla ganache, caramelized banana ganache, and salted caramel chocolate ganache.

The Report Covers

Market value data analysis of 2021 and forecast to 2028.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global vegan dessert market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

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