Press release
Plant-Based Ice Cream Market to Reach $4.6 Billion by 2030, Growing at a 9.5% CAGR
Plant Based Ice Creams Market
The global plant-based ice creams market, valued at USD 2.57 billion in 2023, is projected to grow at an impressive CAGR of 8.5% from 2024 to 2030, reaching USD 4.76 billion by the end of the forecast period. This growth is driven by increasing consumer preferences for vegan products, health-conscious trends, and rising lactose intolerance awareness.
๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
Market Size and CAGR: USD 2.57 billion in 2023, expected to reach USD 4.76 billion by 2030 at a CAGR of 8.5%.
Driving Factors: Growing vegan population, innovation in plant-based ingredients, and rising disposable income in emerging markets.
Major Players: Companies like Unilever, Nestlรฉ, Breyers, and Ben & Jerry's are continuously expanding their product offerings in this segment.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/23761/
Country-Specific Insights
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam is witnessing significant growth in the plant-based ice cream market due to increasing health awareness and a rising vegan population. Recent developments include Unilever launching plant-based ice cream variants to cater to local demand. Mergers and acquisitions in the country include collaborations between local producers and international brands to introduce innovative flavors.
๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐ ๐๐ซ๐๐๐ฆ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's tropical climate and growing tourism industry have led to an increased demand for plant-based ice creams. Nestlรฉ Thailand recently introduced coconut milk-based ice creams to capture the local and international market. The government's support for sustainable and eco-friendly products is further driving the market.
๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง'๐ฌ ๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐ ๐๐ซ๐๐๐ฆ ๐๐๐ซ๐ค๐๐ญ
Japan's market is heavily influenced by innovation and premiumization. Morinaga Milk Industry Co., a key player, has introduced plant-based ice creams focusing on unique flavors like matcha and black sesame. The rise of e-commerce platforms in Japan is also contributing to market expansion.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/23761/
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ก๐ข๐ง๐'๐ฌ ๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐ ๐๐ซ๐๐๐ฆ ๐๐๐ซ๐ค๐๐ญ
China's plant-based ice cream market is consolidating with significant mergers and acquisitions. Mengniu Dairy recently acquired a majority stake in a vegan dessert company to strengthen its product portfolio. The increasing adoption of Western diets and a focus on sustainability are key trends driving this growth.
๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐'๐ฌ ๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐ ๐๐ซ๐๐๐ฆ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
South Korea is updating its market with new product launches by companies like Lotte Confectionery, which recently introduced soy-based ice creams targeting the health-conscious youth. The government's policies promoting plant-based alternatives are creating lucrative opportunities for international brands.
๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐ ๐๐ซ๐๐๐ฆ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore is emerging as a hub for innovative plant-based products. Startups like Kind Kones are introducing organic and dairy-free ice creams, while multinational companies are expanding their presence. Partnerships between local and global players are fostering market growth.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/23761/
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ ๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐ ๐๐ซ๐๐๐ฆ ๐๐๐ซ๐ค๐๐ญ
The US remains the largest market for plant-based ice creams, driven by rising veganism and consumer demand for sustainable products. Key players such as Ben & Jerry's and So Delicious continue to dominate. Recent acquisitions include Unilever acquiring niche vegan brands to expand its market share.
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐'๐ฌ ๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐ ๐๐ซ๐๐๐ฆ ๐๐๐ซ๐ค๐๐ญ
Europe is a mature market for plant-based ice creams, with high adoption rates in countries like Germany and the UK. Major players like Alpro and Swedish Glace are focusing on product innovation and expanding distribution networks. Recent collaborations include partnerships between retailers and manufacturers to increase accessibility.
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/global-plant-based-ice-creams-market/23761/
๐๐ฅ๐๐ง๐ญ ๐๐๐ฌ๐๐ ๐๐๐ ๐๐ซ๐๐๐ฆ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ง๐ ๐ซ๐๐๐ข๐๐ง๐ญ
Single Plant
Blend Plant
๐๐ฒ ๐๐๐๐ค๐๐ ๐ข๐ง๐ ๐๐ก๐๐ฉ๐
Bars
Cones
Cups/Tubs
Others
๐๐ฒ ๐ ๐ฅ๐๐ฏ๐จ๐ฎ๐ซ
Fruits
Nuts
Herbs
Beans
Others
๐๐ฒ ๐๐๐ฅ๐๐ฌ ๐๐ก๐๐ง๐ง๐๐ฅ
Direct Sales
Hyper/Supermarket
Franchisee Outlet
Online
Others
๐๐ฅ๐๐ง๐ญ ๐๐๐ฌ๐๐ ๐๐๐ ๐๐ซ๐๐๐ฆ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. BEN & JERRY'S HOMEMADE, INC.
2. Bliss Unlimited, LLC
3. LUV Ice Cream LLC
4. SO DELICIOUS DAIRY FREE (Danone)
5. Oatly AB
6. Jollyum Co.
7. The Booja-Booja Co.
8. Little baby's Ice cream
9. Klein's Ice Cream Inc.
10. Frankie & Jo's
11. Happy Cow ltd.
12. Tofutti Brands Inc.
13. Breyers (Unilever Plc.)
14. Dream ( Hain Celestial Group)
15. Nadamoo
16. ARCTIC ZERO, Inc.
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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