Press release
Emerging Vegan Ice Cream Market Trend 2025-2034: Innovative Offerings Driving Better Alternative
Vegan Ice Cream Market Size
There has been a robust expansion in the vegan ice cream market over the past few years. The market is projected to surge from $0.72 billion in 2024 to $0.78 billion in 2025, with a compound annual growth rate (CAGR) of 8.6%. Factors such as evolving demographics, multiculturalism, shifts in dietary choices, endorsements by celebrities and influencers, along with the incorporation in restaurant and dessert menus, have all contributed to the growth witnessed during the historical period._x000D_
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An increase in the size of the vegan ice cream market is anticipated in the upcoming years, with projections suggesting it will reach $1.07 billion by 2029 growing at a compound annual growth rate (CAGR) of 8.2%. Various factors such as government regulations, price competitiveness, availability of allergen-free options, investment and marketing mechanisms, and a variety of flavors are expected to contribute to this growth during the forecast period. Key trends predicted for this period are the innovation of ingredients and products, strategic collaborations and partnerships, premiumization, inclusion of functional ingredients, and the development of novel packaging solutions._x000D_
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What Are the Key Drivers Behind the Growth of the Vegan Ice Cream Market?_x000D_
The rise in health consciousness is poised to spur the expansion of the vegan ice cream market. The escalating focus on health can be credited to heightened awareness about critical health concerns, including obesity, smoking, mental health, and contagious diseases. Vegan ice creams, being dairy-free with possibly lower cholesterol and saturated fat content, contribute to the growing health consciousness. They consist of plant-based ingredients, which are deemed healthier and attract those who are mindful about their diet and seeking options that correspond to their health objectives. For instance, a web-based survey conducted by the International Food Information Council, a non-profit organization in the US, stated that 52% of the 1,005 American participants, aged between 18 and 80, adhered to a specific diet or eating plan in May 2022, an increase from 39% in 2021. The most frequent diet plans included clean eating (16%), mindful eating (14%), calorie counting (13%), and plant-based eating (12%). As such, the surge in health consciousness is fuelling the progression of the vegan ice cream market._x000D_
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Who Are the Major Industry Players Fueling Vegan Ice Cream Market Expansion?_x000D_
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, Perfect Day Inc., Perry's Ice Cream, Van Leeuwen Ice Cream, 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_x000D_
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Which Key Developments Are Influencing the Vegan Ice Cream Market?_x000D_
Leading businesses in the vegan ice cream market are focussing on the introduction of novel products with sorbet centers to enhance their product range and diversify their offerings. A sorbet center in an ice cream is generally a tasty, frozen, fruit-based inner layer enveloped by a creamy outer layer of ice cream. For example, in February of 2024, Magnum, a brand owned by UK-based consumer goods company Unilever PLC, introduced its vegan blueberry cookie ice cream which contained a sorbet center. The product contained vegan vanilla cookie-flavored ice cream, encased in a vegan chocolate coating with crunchy cookie bits, all surrounding a fruity blueberry sorbet core, thus making it an appropriate choice for people adhering to a vegan diet._x000D_
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How Is the Segmentation of the Vegan Ice Cream Market Defined?_x000D_
The vegan ice cream market covered in this report is segmented -_x000D_
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1) By Source: Coconut Milk, Almond Milk, Cashew Milk, Soy Milk_x000D_
2) By Product: Impulse, Artisanal, Take Home_x000D_
3) By Form: Singles, Blends_x000D_
4) By Flavor: Vanilla, Chocolate, Butter Pecan, Strawberry, Neapolitan, Cookies And Cream, Mint Chocolate Chip, Caramel_x000D_
5) By Distribution Channel: Supermarkets, Convenience Stores, Food And Drink Specialists, Restaurants, Online Stores_x000D_
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Subsegments:_x000D_
1) By Coconut Milk: Full-Fat Coconut Milk, Light Coconut Milk, Coconut Cream_x000D_
2) By Almond Milk: Sweetened Almond Milk, Unsweetened Almond Milk, Flavored Almond Milk_x000D_
3) By Cashew Milk: Sweetened Cashew Milk, Unsweetened Cashew Milk, Flavored Cashew Milk_x000D_
4) By Soy Milk: Organic Soy Milk, Non-Organic Soy Milk, Flavored Soy Milk_x000D_
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What Is the Leading Region in the Vegan Ice Cream Market?_x000D_
North America was the largest region in the vegan ice cream market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the vegan ice cream market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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What Is Covered In The Vegan Ice Cream Global Market Report?_x000D_
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- Market Size Analysis: Analyze the Vegan Ice Cream Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Vegan Ice Cream Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Vegan Ice Cream Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Vegan Ice Cream Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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