Non-Dairy Ice Cream Market Share 2020-2027

 

Non-Dairy Ice Cream Market

The Non-Dairy Ice Cream Market was valued around USD 512 million in 2019 and projected to expand at a CAGR of 12.6% over the forecast period (2020-2027).

The factors driving the growth of Non-Dairy Ice Cream Market includes rise in the lactose intolerant population, growing consumption of ice-creams around the world, increasing emphasis on environment protection and animal welfare. According to the report published by Statista, the ice cream volume production in India has significantly increased from 136.1 million liters in FY 2015 to reach 202 million liters in 2020, which is expected to boost the Non-Dairy Ice Cream Market share in the approaching years. Moreover, the rise in the launches of innovative ice cream products, improvements in the packaging solutions, growing popularity of veganism and increasing number of supermarkets and hypermarkets around the world, are some of the additional factors supplementing the Global Non-Dairy Ice Cream Market. In addition, the increasing investments by leading players on research and development, rising disposable incomes, growing population growth rates and rapid urbanization, are further contributing to the market growth.

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However, the growth of Non-Dairy Ice Cream Market is hindered due to variations in the prices of raw materials.

The major players operating in the market are NadaMoo, Swedish Glace, Unilever, Bliss Unlimited, LLC, Danone S.A., General Mills Inc., Tofutti Brands, Inc., Dunkin’ Brands, Eden Creamery LLC., and Trader Joes, among others.

Source: Segment Analysis

Based on Source, the Coconut Milk segment is expected to hold the highest market share during the forecast period because coconut milk is easily available, extensively used by multinational brands and comes with a low-price range.

Flavor: Segment Analysis

Based on Flavor, the Chocolate segment is estimated to dominate the market over the forecast period attributed to rising popularity of choco chips amongst children and increasing consumption of dark chocolate products across the globe.

Distribution Channels: Segment Analysis

Based on Distribution Channels, the Supermarkets segment is projected to dominate the market over the forecast period because the supermarket stores offer wide range of vegan ice-creams with huge discounts to their customers.

Regional: Segment Analysis

Based on Region, the Asia-Pacific region is projected to capture the largest market share during the forecast period. The increasing number of vegetarian populations, rise in the number of retail outlets such as supermarkets and convenience stores, growing consumption of ice cream and rapid urbanization, are some of the important factors augmenting the market growth in Asia-Pacific.

Market Segmentation

Global Non-Dairy Ice Cream Market by Source

  • Coconut Milk
  • Almond Milk
  • Cashew Milk
  • Soy Milk
  • Other sources

Global Non-Dairy Ice Cream Market by Flavor

  • Vanilla
  • Chocolate
  • Butter Pecan
  • Strawberry
  • Neapolitan
  • Cookies & Cream
  • Mint Choco Chip
  • Caramel
  • Other flavors

Global Non-Dairy Ice Cream Market by Product

  • Impulse
  • Artisanal
  • Take Home

Global Non-Dairy Ice Cream Market by Form

  • Singles
  • Blends

Global Non-Dairy Ice Cream Market by Distribution Channel

  • Supermarkets
  • Convenience Stores
  • Food & Drink Specialists
  • Restaurants
  • Online Stores
  • Other distribution channels

Global Non-Dairy Ice Cream Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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