The ‘Global Dairy-Free Ice Creams Market Trends, Size, Share, Price, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global dairy-free ice creams market, assessing the market on the basis of its segments like source, flavour, distribution channel, product, form, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Dairy-Free Ice Creams Market Size, Share, Price, Trends, Growth, Key Players, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
Forecast CAGR (2023-2028): 13.60%
Rising inclination towards vegan diets and increasingly prevalence of lactose intolerance are among the key drivers of the dairy-free ice creams market. Growing awareness regarding the health benefits of vegan diets and increasing concern for animal welfare are resulting in more people opting for vegan diets worldwide. Dairy-free-ice creams that are made with plant-based milk alternatives such as coconut milk, almond milk, or cashew milk, among others offer health benefits while adhering to vegan diets. Increasing prevalence of lactose intolerance is also surging the demand for dairy-free ice creams as they typically do not contain lactose which can trigger allergies.
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Easy availability of dairy-free ice creams in various hypermarkets and supermarkets is further supporting the market growth of dairy-free ice creams. Due to increasing awareness about healthier ice cream alternatives, customers are inclining more towards choosing healthy convenience food which is contributing to the growth of the dairy-free ice creams market. The market is further being driven by the rising availability of a numerous flavours of dairy-free ice creams and different package sizes. With the growth in online platforms and e-commerce, the market for dairy-free ice creams is expanding rapidly as it provides greater convenience to consumers.
Dairy-Free Ice Creams Industry Definition and Major Segments
Dairy-free ice creams refer to a type of ice-cream based dessert which does not contain dairy products but is made of plant-based milks like coconut, soy, cashew, and almond. Depending upon the source of the dairy-free ice cream, the ice cream can offer health benefits like low calorie, saturated fat, and sugar. Dairy-free ice creams come in multiple flavours like chocolate, vanilla, strawberry, and caramel.
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On the basis of source, the market is divided into:
Coconut Milk
Soy Milk
Almond Milk
Cashew Milk
Others
Based on flavour, the market is segmented into:
Chocolate
Vanilla
Strawberry
Neapolitan
Cookies and Cream
Mint Choco-Chip
Caramel
Others
On the basis of distribution channel, the market is classified into:
Hypermarkets and Supermarkets
Convenience Stores
Online
Others
Based on product, the market is divided into:
Impulse
Take Home
Artisanal
On the basis of form, the market is bifurcated into:
Singles
Blends
Based on region, the market is classified into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Dairy-Free Ice Creams Market Trends
Introduction of various flavours and ingredients for dairy-free ice creams by manufacturers is anticipated to be a key trend in the dairy-free ice creams market over the forecast period. New and innovative ice cream flavours are being introduced which can cater to a wider range of consumers.
Increasing investments of the leading market players to produce blended ice creams with innovative healthy ingredients, offering exquisite taste, and health benefits like calcium, potassium, and vitamin B, are further propelling the market growth. Dairy-free ice creams market is also rapidly escalating as it offers their consumers a dairy-like experience without compromising flavour and taste. Rising popularity of artisanal dairy-free ice creams is a key trend in the market as more consumers invest in higher priced, premium, and artisanal dairy-free ice creams.
At a regional level, North America accounts for a significant share of the market for dairy-free ice creams, fuelled by the substantial vegan population in countries like the United States, prevalence of lactose-intolerance, and awareness of dairy-free ice creams. The presence of key market players in the region is further augmenting the dairy-free ice creams market in North America. An established network of hypermarkets and supermarkets across North America is further increasing the ease of distribution of dairy-free ice creams, contributing to the market growth.
Key Market Players
The major players in the global dairy-free ice creams market report are Arctic Zero, Inc., Unilever PLC, Perry’s Ice Cream Co., Inc., SorBabes, and Over The Moo, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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