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Nondairy Ice Cream Market by Source (Soy Milk, Almond Milk, Coconut Milk, and Others), Type (Impulse, Artisanal, and Take Home), Flavor (Chocolate, Vanilla, Strawberry, and Others), and Sales Channel (Convenience Stores, Supermarkets, Online Retail, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09955
Pages: NA
Feb 2021 | 90 Views
 
Author(s) : NA
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The global non-dairy ice cream market is showing exponential growth, and is anticipated to continue this trend in the coming years. Nondairy ice cream is a product that is produced from different sources such assoya milk, coconut milk, and other plant-based milk. Dairy ice cream contains high fat and lactose, which can create problems of digestion, risk of high cholesterol, and sugar-related problems, whereas nondairy ice cream has vegan properties and provides health benefits such asaids in weight loss, controls cholesterol, clears skin, and has low calories. Nondairy ice cream prevents vomiting, stomach problem, and diarrhea. It is made from many plant-based milk, which provides different health benefits such as coconut milk has saturated fats that are good for health. They are easily available in stores, and are highly demanded by consumers. The nondairy ice cream is segmented depending on sources, type, flavor, sales channel, and region.

Market scope and structure analysis

Report Metric

Details

Market size available for years

2020–2027

Base year considered

2019

Forecast period

2021–2027

Forecast unit

Value ($USD)

Segments covered

Source, Type, Flavor,Sales Channel, and Region

Regions covered

North America (U.S,, Mexico, and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), and LAMEA (Middle East, Brazil, and Rest of LAMEA)

Companies covered

Unilever, General Mills, Danone, Booja Booja, Tofutti Brands, Inc., Happy Cow Limited, Bliss Unlimited, LLC, Eden Creamery LLC., Over The Moo, Swedish Glace, Dream, NadaMoo, Van Leeuwen, and Trader Joes

COVID-19 scenario analysis

  • The COVID-19 pandemic has had both positive as well as negative impacts on the globalice cream market.
  • During the pandemic, the demand for nondairy ice cream increased substantially.
  • However, lack of supply has negatively influenced the demand for nondairy ice cream.
  • Consumer are stockpiling frozen products or the products which have long shelf life.
  • Restrictionson travel has affected the import and export of raw materials.

Top Impacting factors: market scenario analysis, trends, drivers, and impact analysis

Increase in awareness about health issues, shift in consumer preference towardvegan products, and rapid increase in commercialization are the key factors that drive the global nondairy ice cream market. In addition, rise in purchasing power and changes in lifestyles are the factors that have positively influenced the demand for nondairy products. Furthermore, an increase in different flavors and liking towardice creams have enhanced the demand for the product. Surge in awareness about the benefits of nondairy ice cream has significantly contributed toward the global market growth.

However, side effects of the sources of ice cream can affect the demand for nondairy products, such as a high intake of almond milk can cause discomfort. Availability of substitutesin the market hampers the growth of the global nondairy ice cream.

Contrarily, the launch of new products according to the preference and taste of consumers can create an opportunity for the growth of the global market. Thus,manufacturers are introducing new flavors of ice creams to capture the customer's attention.

Key players are expanding their business globally that will maximize their profit and target market.

Key segments covered

Segment

Subsegment

Source

  • Soy Milk
  • Almond Milk
  • Coconut Milk
  • Others

Type

  • Impulse
  • Artisanal
  • Take Home

Flavor

  • Chocolate
  • Vanilla
  • Strawberry
  • Others

Sales Channel

  • Convenience Stores
  • Supermarkets
  • Online Retail
  • Others

Key benefits of the report

  • This study presents the analytical depiction of the global nondairy ice cream industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global nondairy ice cream market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global nondairy ice cream market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global nondairy ice cream market research report:

  • Which are the leading players active in the global nondairy ice cream market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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