0
2020
Vegan Ice Cream Market

Vegan Ice Cream Market

by Source (Coconut Milk, Soy Milk, Almond Milk, and Cashew milk), Flavor (Caramel, Chocolate, Coconut, Coffee, Vanilla, and Fruit), Sales Type (Impulse, Take Home, and Artisanal), and Distribution Channel (Supermarket/Hypermarket, Convenience Stores, and Online): Global Opportunity Analysis and Industry Forecast, 2020-2027

Report Code: A06342
Pages: 300
Jun 2020 | 17958 Views
Author(s) : Onkar A, Aniket K , Roshan D
Tables: 135
Charts: 51
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Vegan Ice Cream Market

Request Now !

The global vegan ice cream market was valued at $520.9 million in 2019, and is expected to grow at a CAGR of 13.7 to reach $805.3 million by 2027. Europe was the highest contributor to the global vegan ice cream market with $188.6 million in 2019. Vegan ice cream is made from various natural sources such as almonds milk, soy milk, coconut milk, cashew milk, and rice milk. 

The vegan ice cream market growth is driven by increase in number of vegan and diet-conscious consumers across the globe. Furthermore, rise in concern of lactose intolerance, owing to the deficiency of the intestinal enzyme lactase fuels the demand for dairy-free or vegan food products. Vegan ice cream has been gaining increased popularity in the mature and emerging market. This can be attributed to rise in number of people allergic to dairy products. Furthermore, growth in health awareness and increase in disposable income has augmented the growth of the vegan ice cream market. Moreover, introduction of additional healthy ingredients by different market players such as Wells Enterprises, Inc., NadaMoo! Booja, Happy Cow Limited, Over The Moo, and Swedish Glace significantly drives the market growth. However, fluctuation in prices of raw materials and high cost of plant-based milk extraction act as the major restraints of the global market. On the contrary, surge in demand for dairy-free products by vegan population and introduction of new flavors & varieties of vegan ice cream are anticipated to provide lucrative opportunities for the expansion of the global vegan ice cream market.

Vegan-Ice-Cream-Market-2020-2027

The global vegan ice cream market is segmented into source, flavor, sales type, distribution channel, and region. On the basis of source, the market is categorized into coconut milk, soy milk, almond milk, and cashew milk. By flavor, it is classified into caramel, chocolate, coconut, coffee, vanilla, and fruit. Depending on sales type, it is fragmented into impulse, take home, and artisanal. In terms of distribution channel, it is differentiated into supermarket/hypermarket, convenience stores, and online. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Depending on the vegan ice cream market analysis, by source, the almond milk segment was the most prominent category in 2019, and is expected to remain dominant during the forecast period. However, the coconut milk segment is expected to grow at a notable CAGR of 12.9% throughout the forecast period. 

Vegan Ice Cream Market
By Source

Your browser does not support the canvas element.

The coconut milk segment would witness the fastest growth, registering a CAGR of 15.2% during the forecast period.

Get more information on this report : Request Sample Pages

On basis of the vegan ice cream market forecast, by flavor, the caramel flavor segment was the highest contributor to the market in 2019. However, the fruits flavor segment is expected to grow at a higher growth rate during the forecast period.

Vegan Ice Cream Market
By Flavor

Your browser does not support the canvas element.

Fruits segment would witness the fastest growth, registering a CAGR of 15.6% during the forecast period.

Get more information on this report : Request Sample Pages

By the vegan ice cream market forecast, by sales type, the take home segment was the highest contributor to the market in 2019. However, the artisanal segment is expected to grow at a higher rate during the forecast period.

Vegan Ice Cream Market
By Sales Type

Your browser does not support the canvas element.

Artisanal segment would witness the fastest growth, registering a CAGR of 15.4% during the forecast period.

Get more information on this report : Request Sample Pages

Based on distribution channel, supermarket/hypermarket was the dominant segment in 2019, and is likely to witness notable growth during the forecast period. This is attributed to increase in adoption retail formats such as supermarkets and hypermarkets in both mature and emerging markets. Moreover, the one-stop solution provided by these retail formats makes them a popular shopping option for consumers. Furthermore, they offer a wide range of products at a competitive price to customers and are usually located at easily accessible areas, which add to overall attractiveness of this segment, thereby contributing toward the growth of the global market. 

Vegan Ice Cream Market
By Distribution Channel

Your browser does not support the canvas element.

Online Sales Channel segment would witness the fastest growth, registering a CAGR of 8.3% during the forecast period.

Get more information on this report : Request Sample Pages

Region wise, Europe dominated the vegan ice cream market in 2019. However, Asia-Pacific is expected to grow at a higher CAGR during the forecast period, owing to rise in number of fitness-conscious consumers in the region.

Vegan Ice Cream Market
By Region

2027
Europe 
North America
Asia-Pacific
LAMEA

Europe is the largest market growing at a CAGR of 13.4% from 2020-2027.

Get more information on this report : Request Sample Pages

The players in the market have adopted product launch, acquisition, and collaboration as their key development strategies to increase their profitability and strengthen their foothold in the global vegan ice cream market industry. The key players profiled in the report include Unilever, General Mills, The Whitewave Foods Company (Denon), Hain Celestial Group, Bliss Unlimited, LLC, High Road Craft Brands, Alden’s Organic, Whole Foods Market IP. L.P., Tofutti Brands, Inc., and Trader Joe’s.

The other players operating in the global vegan ice cream market include Amy’s Kitchen, Double Rainbow Ice Creams, Inc., Wells Enterprises, Inc., NadaMoo! Booja-Booja, Happy Cow Limited, Over The Moo, Swedish Glace, ARCTIC ZERO, Inc. Perry’s Ice Cream, Coolhaus, SorBabes, and Beyond Better Foods, LLC. 

Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current vegan ice cream market size, trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.

  • Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.

  • In-depth analysis and the market size & segmentation assist to determine the prevailing market opportunities.

  • The major countries in each region are mapped according to their revenue contribution to the market. 

  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the global vegan ice cream market share of the players. 

Vegan Ice Cream Market Report Highlights

Aspects Details
By Source
  • Coconut Milk
  • Soy Milk
  • Almond Milk
  • Cashew milk
By Flavor
  • Chocolate
  • Caramel
  • Coconut
  • Vanilla
  • Coffee
  • Fruit
By Sales Type
  • Impulse
  • Take Home
  • Artisanal
By Distribution Channel
  • Supermarket/Hypermarket
  • Convenience Stores
  • Online
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Finland, Sweden, Denmark, Italy, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, New Zealand, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players NADAMOO!, PERRY’S ICE CREAM CO., INC., HAPPY COW LIMITED, COOLHAUS, OVER THE MOO PTY, LTD., DOUBLE RAINBOW ICE CREAMS, INC., THE BOOJA-BOOJA COMPANY, ARCTIC ZERO, Inc., SORBABES, BEYOND BUTTER FOODS, LLC
 

Loading Table Of Content...


 
 

The vegan ice cream market has witnessed steady growth even under several unrests such as global uncertainty and weakened global economy. According to the insights of the key opinion leaders of the industry, the almond milk segment is anticipated to witness significant growth, owing to shift in preference toward almond milk among vegan population particularly in North America. In addition, increase in health issues such as lactose intolerance and surge in prevalence of obesity among all age groups from emerging as well as developed regions drive the market growth for vegan ice cream. Moreover, rise in vegan population due to aggressive advertisements of veganism is anticipated to propel the global market growth.
 

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The global vegan ice cream market was valued at $520.9 million in 2019, and is expected to grow at a CAGR of 13.7% to reach $805.3 million by 2027

A. The global vegan ice cream market is expected to grow at a CAGR of 13.7% by 2027

A. Rise in number of vegan & diet-conscious consumers across the globe and health issues such as lactose intolerance owing to deficiency of intestinal enzyme lactase and alarming increase in cases of obesity across the globe due to high intake of fats affects positively on the global vegan ice cream market

A. The global vegan ice cream market is segmented into source, flavor, sales type, distribution channel, and region. Depending on source, the market is categorized into coconut milk, soy milk, almond milk, and cashew milk. By flavor, it is fragmented into caramel, chocolate, coconut, coffee, vanilla, and fruit. On the basis of sales type, it is differentiated into impulse, take home, and artisanal. In terms of distribution channel, it is segregated into supermarket/hypermarket, convenience stores, and online. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

A. The forecast period for the vegan ice cream market is 2020-2027

A. Unilever, General Mills, The Whitewave Foods Company (Denon), Hain Celestial Group, Bliss Unlimited, LLC, High Road Craft Brands, Alden’s Organic, Whole Foods Market IP. L.P., Tofutti Brands, Inc., and Trader Joe’s are the active players in the vegan ice cream market

A. Europe was the most prominent market in 2019, and is expected to continue this trend in the near future, as the European consumers readily accept the new varieties of food products.

A. The emerging markets are likely to grow at a significant growth rate of more than 14.0% for the period under consideration.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Vegan Ice Cream Market

Start reading instantly.
This Report and over 53,854+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Jun 2021 - Jun 2022)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jun 2021 - Jun 2022)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jun 2021 - Jun 2022)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jun 2021 - Jun 2022)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jun 2021 - Jun 2022)
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers