Australia Vegan Ice Cream Market to Reach US$ 20.3 Million by 2033, Fueled by Rising Demand for Dairy-Free Options, Health Awareness, and Product Innovation Across Retail and Foodservice Channels

Australia Vegan Ice Cream Market Analysis

The Australian vegan ice cream market is expected to grow to US$ 20.3 million in 2033 from US$ 13.86 million in 2024 at a CAGR of 4.33% during 2025-2033. This is driven by growing consumer demand for dairy-free and plant-based products, rising health and environmental awareness, and continuous product innovations. Different channels, such as supermarkets, specialty retailers, and foodservice operators, are contributing significantly to the growth of this new market.

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Australia Vegan Ice Cream Market Outlook

The Vegan Ice Cream Market in Australia has grown substantially, as part of a larger trend towards plant-based food and dairy-free options. This market encompasses ice creams produced from ingredients like coconut, almond, cashew, and oat that are consumed by vegans and others with lactose intolerance or dairy allergies.

Increased health and environmental awareness is responsible for making vegan ice cream popular. Australian consumers are looking for healthier and more sustainable food options, and thus brands have been motivated to come up with innovative flavors, textures, and natural ingredients. As a result of growing stores, cafes, and supermarkets stocking vegan ice cream, availability is improving.

Further, the popularity of social media and trendy food and drink has also helped give the market greater visibility, causing customers to try and discover and share their adventures with plant-based desserts. Consequently, the vegan ice cream market is not only growing but diversifying as well, and new entrants, including artisanal players, are making it a very interesting part of the Australian dessert scene.

Recent Development in the Australia Vegan Ice Cream Market

• For 2024, Magnum has released a new vegan ice cream flavor with a blueberry cookie core and sorbet center for a dual texture of creamy and fruit. The treat meets the increasing call for plant-based desserts, adding to Magnum's line of vegan options. The release demonstrates the increased trend for creative, dairy-free desserts appealing to consumers who are health-conscious and environmentally conscious. The product rolls out in the UK and as per Unilever it will be offered in Germany, Austria and Switzerland too.

• Nov 2023, old Rock Ice caught up by rolling out their very first 100% vegan ice cream cake.

• August 2023, Over the Moo, the Australian-founded vegan ice cream company, has entered the UK with the introduction of a line of bite-sized frozen treats. Made up of pieces of coconut-based ice cream that are coated in dark chocolate, the treats come in two flavors - vanilla and caramel.

• April 2022, Hug Tub is a new oat milk ice cream traditional dairy ice cream manufacturer, Gundowring Finest Ice Cream. Third-generation dairy farmers the Crooke family, from the Victorian High Country, have been making ice cream at their on-farm factory in Gundowring for nearly 20 years. Gundowring's renowned Licorice ice cream is the reigning Champion Ice Cream at the Australian Grand Dairy Awards.

• September 2022, Streets has introduced a new plant-based version of its legendary Golden Gaytime to satisfy the needs of this expanding consumer base. The roll-out follows years of campaigning and a petition urging the traditional Australian ice cream to produce a vegan friendly version.

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Growth Driver in the Australia Vegan Ice Cream Market

Increasing Health and Wellness Trends

Health-conscious Australians increasingly favor plant-based alternatives, such as vegan ice cream, as they opt for products containing less cholesterol, lower saturated fats, and no animal content. This growth is caused in large part by the increasing prevalence of lactose intolerance and dairy allergies, which are common among an increasingly significant segment of society. Vegan ice cream is a decadent yet healthier choice that fits consumer desires for guilt-free indulgence. Also, the clean-label trend, in which consumers opt for foods with natural and open ingredient panels, continues to fuel demand. With high penetration among millennials and Gen Z, vegan ice cream is transitioning from a niche dessert to a mainstream dessert option throughout the nation.

Growing Vegan and Flexitarian Diets

Increased veganism and flexitarian diets in Australia are fueling the market for vegan ice cream. A large section of the population is cutting back on dairy for ethical, environmental, or health considerations. Vegan ice cream fits in perfectly with these lifestyle choices, with indulgence without animal-derived components. Manufacturers are reacting by introducing varied flavors and packaging, including impulse and premium segments, to capitalize on increasing demand. Increased adoption by plant-based communities, food festivals, and social media campaigns in support of animal-free foods is also driving higher visibility and acceptance. This behavior and cultural change is propelling vegan ice cream into mainstream grocery stores and specialty stores.

Innovation in Plant-Based Ingredients and Flavors

Product innovation is the major force behind the Australian vegan ice cream market. Companies are trying out different plant-based milk bases-almond, soy, coconut, and oat-to develop creamy textures and distinctive flavors. The creation of vegan chocolate, caramel, and nut-based flavors enables businesses to reach traditional ice cream consumers while providing cruelty-free options. High-end vegan ice cream brands are also targeting organic and sustainably sourced ingredients, which strongly appeals to environmentally conscious consumers. Such a trend of innovation not only expands the appeal of products but also reinforces brand loyalty from consumers in pursuit of variety and quality when it comes to plant-based desserts.

Australia Vegan Almond Milk Ice Cream Market

Almond milk is a favored base across Australia's vegan ice cream market because it has a light flavor, smooth texture, and nutritional value, such as being low in calories and high in vitamin E. Vegan almond milk ice cream can be found available in most supermarkets and specialty outlets, commonly positioned as a premium product. The category caters to consumers seeking a combination of indulgence and nutrition, and with brands providing varied flavors such as vanilla, chocolate, and fruit-based flavors, the market grows further. Since almond milk is already a household item in Australia, its familiarity adds to the growth of this segment as well.

Australia Vegan Soy Milk Ice Cream Market

Soy milk ice cream is well-placed in the Australian market because of its protein density and low cost compared to other plant-based alternatives. It particularly suits shoppers looking for nutrition as well as indulgence. Since soy milk is already well-known in dairy substitute form, it is no surprise that it is now being applied to ice cream, with the backing of brand familiarity. Firms are introducing soy-based ice creams in conventional as well as new flavors, contributing to the growth of the segment. The fact that soy milk is more affordable than almond or coconut variants means that it remains within reach of more consumers.

Australia Vegan Chocolate Ice Cream Market

Chocolate is ever-popular in the ice cream category, and the vegan chocolate segment is no different. In Australia, vegan chocolate ice cream is popular among vegans and flexitarians alike, providing indulgence without dairy. Formulated from bases such as almond or coconut milk, these alternatives replicate the richness of regular chocolate ice cream with ethical and health-driven appeal. Premium players tend to utilise organic cocoa and natural sweeteners, adding to their health-aware appeal. The intensive popularity of chocolate flavor among every age group guarantees that this segment remains strong and grows in retail and foodservice outlets.

Australia Vegan Coconut Ice Cream Market

Vegan ice cream made with coconut milk has established a sizeable share in Australia as a result of its inherently creamy texture and tropical taste appeal. Consumers who enjoy dairy-free indulgence that is both familiar and exotic find this appealing. Coconut milk further adds a naturally sweet foundation, minimizing the necessity for high levels of added sugar. This category is particularly trendy in artisanal and premium product ranges, generally complemented with fruit flavors such as mango, passionfruit, or chocolate. As coconut-based goods experience increased popularity across beverages and snacks, the Australian market for vegan coconut ice cream is poised for significant growth.

Australia Vegan Impulse Ice Cream Market

Impulse vegan ice cream formats, including bars, cones, and single-serve cups, are increasing at a high rate in Australia as shoppers seek convenient, on-the-go treats. Impulse formats respond to fast-paced lifestyles and make vegan ice cream more easily available beyond family tubs. Impulse formats are well-suited among young consumers and are typically stocked in supermarkets, convenience stores, and foodservice locations. Brands are also experimenting with indulgent coatings, layer textures, and engaging flavors to propel trial and repeat buying. With the increasing momentum for plant-based snacking, this category is set to experience strong growth in premium as well as mainstream price segments.

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Australia Vegan Ice Cream Convenience Stores Market

Australia's convenience stores are also becoming a more significant channel for vegan ice cream, fueled by growing demand for convenient, easy access to indulgence. Stocking single-serve and impulse vegan ice cream products enables retailers to appeal to on-the-go shoppers, especially in urban markets. As health and wellness product lines expand in convenience stores, vegan ice cream is a natural fit into this trend. Positioning these products in freezer aisles with traditional ice cream raises visibility and promotes trial. Joint promotions with vegan ice cream companies and convenience store retailers are propelling category penetration within this channel.

Victoria Vegan Ice Cream Market

Victoria is a top market for vegan ice cream in Australia, underpinned by Melbourne's strong vegan culture, health-oriented consumer base, and vibrant foodservice landscape. The area features a high density of specialty stores, vegan cafes, and artisanal ice cream stores that emphasize creative plant-based choices. Consumer demand is further supported by sustainability and animal welfare lifestyle trends. Victoria's high student and young professional population further fuels desire for trendy, plant-based desserts. This robust consumer base, combined with lively retail and foodservice environments, makes Victoria a key growth market for vegan ice cream.

Western Australia Vegan Ice Cream Market

Western Australia is witnessing steady growth in the vegan ice cream market, fueled by growing awareness of plant-based eating and rising retail availability in Perth and surrounding metropolitan markets. Consumers in Western Australia are increasingly embracing vegan and flexitarian lifestyles, leading retailers to stock more vegan products. Local artisan brands are also launching coconut- and almond-based ice cream flavors that meet premium demand. With Western Australia's hot climate promoting high demand for cold desserts, vegan ice cream has good potential to increase in both impulse and family-size categories.

South Australia Vegan Ice Cream Market

South Australia, and Adelaide specifically, is experiencing increasing embrace of vegan ice cream, driven by an expanding vegan population and a thriving food culture. Specialty dessert stores and local cafes are advertising fresh, innovative vegan flavors, with grocery stores increasing their vegan frozen dessert sections. The emphasis in the region on sustainable lifestyles and ethical consumption aligns with plant-based products, supporting increased demand. As younger consumers drive the market and retailers are actively enabling vegan product growth, South Australia is emerging as a solid regional market for vegan ice cream expansion.

Source

• Coconut Milk
• Soy Milk
• Almond Milk
• Cashew Milk

Flavor

• Chocolate
• Caramel
• Coconut
• Vanilla
• Coffee
• Fruit

Sales Type

• Impulse
• Take Home
• Artisanal

Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores
• Others

Top States

• New South Wales
• Victoria
• Queensland
• Western Australia
• South Australia
• Australian Capital Territory
• Tasmania
• Northern Territory

All companies have been covered with 5 Viewpoints

• Overviews
• Key Person
• Recent Developments
• SWOT Analysis
• Revenue Analysis

Key Players Analysis

• Unilever PLC
• Tofutti Brands Inc.
• Van Leeuwen Ice Cream
• SorBabes
• Perry's Ice Cream
• NadaMoo!
• Over The MOO
• Morrisons
• HappyCow
• Double Rainbow Ice Cream

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Renub Research is a Market Research and Consulting Company. We have more than 15 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food Beverages, Power Energy, Information Technology, Telecom Internet, Chemical, Logistics Automotive, Consumer Goods Retail, Building, and Construction, Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.

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