Vegan Ice Cream Market Size, Trends and Insights By Source (Coconut Milk, Soy Milk, Almond Milk, Cashew milk, Others), By Flavor (Caramel, Chocolate, Coconut, Coffee, Vanilla, Fruit, Others), By Sales Type (Impulse, Take Home, Artisanal), By Distribution Channel (Supermarket/Hypermarket, Specialty Store, Online, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
Study Period: | 2024-2033 |
Fastest Growing Market: | Asia-Pacific |
Largest Market: | Europe |
Major Players
- So Delicious Dairy Free
- Tofutti Brands Inc.
- Oatly AB
- NadaMoo!
- The Booja-Booja Company
- Others
Reports Description
As per the current market research conducted by the CMI Team, the global Vegan Ice Cream Market is expected to record a CAGR of 10.8% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 685.3 Million. By 2032, the valuation is anticipated to reach USD 1,724.8 Million.
The Vegan Ice Cream Market is a rapidly growing segment within the frozen dessert industry, offering plant-based, dairy-free alternatives to traditional ice cream. These products cater to consumers with dietary preferences, lactose intolerance, and environmental concerns.
Market growth is driven by factors such as increasing health awareness, sustainability, and a surge in demand for innovative flavors. Key players in the market continually introduce new dairy-free options and expand their retail presence. The convenience of e-commerce has also played a significant role in making vegan ice cream accessible to a broader consumer base, contributing to the market’s expansion.
Vegan Ice Cream Market – Significant Growth Factors
The Vegan Ice Cream Market presents significant growth opportunities due to several factors:
- Health and Dietary Preferences: The surging demand for vegan ice cream is propelled by a significant shift in consumer health consciousness and dietary preferences. Individuals increasingly adopt vegan and lactose-free diets due to various health considerations, allergies, or ethical choices, making vegan ice cream a sought-after choice for those seeking dairy-free, plant-based alternatives.
- Sustainable Packaging: Implementing sustainable packaging solutions presents a significant opportunity for vegan ice cream brands. As eco-conscious consumers seek environmentally friendly products, using sustainable packaging can not only reduce environmental impact but also enhance a product’s appeal and differentiation in a competitive market.
- Flavor Innovation: Innovation in flavor profiles is a pivotal driving force in the vegan ice cream market. Manufacturers continually introduce diverse and unique flavors, appealing to consumers seeking novel and exciting taste experiences. This dynamic approach keeps the market competitive and encourages customer loyalty through an ever-evolving variety of indulgent options.
- Retail Expansion: The strategic expansion of vegan ice cream offerings into mainstream retail channels, including grocery stores and supermarkets, contributes significantly to market growth. This enhanced retail availability improves accessibility and visibility, making it easier for consumers to purchase vegan ice cream conveniently, driving up sales and market penetration.
- Global Expansion: The vegan ice cream market offers substantial growth opportunities, particularly in emerging markets, where dietary preferences are evolving, and environmental concerns are gaining momentum. These markets represent untapped potential for manufacturers to meet the growing demand for vegan alternatives.
- Wellness Positioning: Emphasizing the health benefits of vegan ice cream, such as its lower saturated fat content, cholesterol-free nature, and fewer artificial additives, presents an opportunity for market growth. This positioning aligns with the global health and wellness trend, making vegan ice cream an attractive choice for consumers aiming for healthier dietary options while enjoying delicious frozen treats.
Vegan Ice Cream Market – Mergers and Acquisitions
The Vegan Ice Cream Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Vegan Ice Cream Market include:
- In 2022, Ben & Jerry’s collaborates with Tony’s Chocolonely to combat modern slavery in chocolate production. They commit to adopting Tony’s Open Chain principles to enhance farmers’ working conditions and address ethical concerns in the industry.
- In 2020, Subway® Restaurants and Halo Top® Creamery entered an exclusive partnership, introducing hand-spun milkshakes featuring Halo Top’s ice cream. Subway is the first brand to offer Halo Top’s delightful ice cream in a hand-spun milkshake, adding an innovative twist to their menu.
These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Vegan Ice Cream Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
Vegan Ice Cream Market | Shea Butter Market | Cultured Meat Market |
CAGR 10.8% (Approx) | CAGR 8% (Approx) | CAGR 15% (Approx) |
USD 1724.8 Million by 2032 | USD 5.2 Billion by 2032 | USD 450 Million by 2032 |
Vegan Ice Cream Market – Significant Threats
The Vegan Ice Cream Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Taste and Texture Challenges: While vegan ice cream has come a long way in replicating the taste and texture of traditional dairy ice cream, some challenges remain. Meeting the exact taste and texture expectations of consumers can be difficult, and any perceived shortcomings may deter repeat purchases. Overcoming these sensory obstacles is crucial for long-term market success.
- Market Saturation: With a continuous influx of new brands and products into the vegan ice cream market, oversaturation is a potential threat. This can lead to intensified competition, price wars, and shrinking profit margins. As the market becomes increasingly crowded, businesses may face challenges in differentiating their products and maintaining sustainable growth.
- Ingredient Supply and Price Volatility: The vegan ice cream market heavily relies on key ingredients like nuts and plant-based milk. The supply and pricing of these ingredients can be vulnerable to fluctuations and supply chain disruptions. This volatility can significantly impact production costs, potentially leading to price increases that may discourage consumers.
- Regulatory Compliance: Evolving and varying regulations about labelling, food standards, and health claims represent a compliance challenge for vegan ice cream manufacturers. Non-compliance with these regulations can lead to legal challenges and damage brand reputation. Staying updated on regulatory requirements and ensuring full adherence is crucial for maintaining consumer trust and market access.
- Allergen Cross-Contamination: Vegan ice cream products often use ingredients like nuts, soy, and gluten, which can be common allergens. Cross-contamination during production and handling processes poses a threat, as it can lead to unintentional exposure to allergens, resulting in safety concerns and potential legal liabilities for manufacturers. Ensuring rigorous allergen control measures is imperative to mitigate this risk.
Report Scope
Feature of the Report | Details |
Market Size in 2023 | USD 685.3 Million |
Projected Market Size in 2032 | USD 1,724.8 Million |
Market Size in 2022 | USD 618.5 Million |
CAGR Growth Rate | 10.8% CAGR |
Base Year | 2023 |
Forecast Period | 2024-2033 |
Key Segment | By Source, Flavor, Sales Type, Distribution Channel and Region |
Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Category-Wise Insights
By Source:
- Coconut Milk: Coconut milk, derived from the pulp of coconuts, serves as a creamy and versatile base for vegan ice cream. It imparts a distinctly tropical flavor and rich texture to dairy-free frozen desserts. Coconut milk remains a popular choice due to its natural sweetness, while trends indicate an ongoing preference for coconut-based vegan ice cream for its tropical appeal, especially in exotic flavor combinations.
- Soy Milk: Soy milk, made from soybeans, is a well-established dairy milk alternative used in vegan ice cream. It provides a neutral base and a creamy consistency. Soy milk remains a prominent segment in the vegan ice cream market, as the latest trends favor organic and non-GMO soy-based offerings. This shift is a response to consumer demands for healthier, sustainably sourced alternatives, highlighting soy milk’s enduring significance in the market.
- Almond Milk: Almond milk, crafted from ground almonds, delivers a slightly nutty and subtly sweet profile. It’s a popular choice for creating a creamy and flavorful base for vegan ice cream. Almond milk remains a favored ingredient in vegan ice cream, with trends showcasing innovations in texture and an array of new almond-based flavors to cater to diverse consumer preferences.
- Cashew Milk: Cashew milk, derived from ground cashews, imparts a rich, smooth, and slightly nutty character to vegan ice cream. Cashew milk has gained popularity as a base due to its excellent creaminess. Trends include the use of cashew milk in gourmet and premium vegan ice cream offerings, often featuring indulgent and complex flavor profiles.
- Others: The “Others” category includes diverse plant-based milk sources like oats, rice, and hemp, contributing to the versatility of vegan ice cream formulations. Diverse milk alternatives continue to expand the range of vegan ice cream products, with notable trends including the rise of oat milk as a creamy, nut-free alternative, and the use of hemp and rice milk for those seeking unique and allergen-friendly options.
By Flavor
- Chocolate: Chocolate-flavored vegan ice cream provides a dairy-free alternative with a rich cocoa taste. It mimics the creaminess of traditional chocolate ice cream using plant-based ingredients. The vegan chocolate ice cream segment continues to grow, with trends focused on improving the depth and quality of cocoa flavors. Innovations include dark chocolate options, incorporating vegan mix-ins like cookies or brownies, and a shift towards reduced sugar content.
- Caramel: Caramel vegan ice cream offers a sweet, buttery flavor without dairy, achieved through plant-based ingredients and natural caramel extracts. The market sees trends in salted caramel variations, adding complexity to the flavor profile. Innovations involve creating swirls and ribbons of caramel to enhance taste and texture, making it a popular choice among consumers.
- Coconut: Coconut-based vegan ice cream has a creamy and tropical coconut flavor, appealing to those seeking an exotic and dairy-free dessert. The coconut segment is marked by innovations in texture and flavor. Trends include introducing unique coconut varieties like toasted coconut and incorporating coconut chunks for added texture and tropical flair.
- Vanilla: Vegan vanilla ice cream offers a classic, creamy, and comforting flavor, using vanilla bean extracts and non-dairy bases. Trends in the vegan vanilla segment focus on enhancing the quality of vanilla extracts used. Bourbon vanilla and Madagascar vanilla options are gaining popularity, providing a rich and authentic flavor profile to meet consumer expectations.
- Coffee: Coffee vegan ice cream combines the bold flavors of coffee with a creamy, dairy-free base, offering an indulgent coffeehouse experience. The coffee segment reflects trends toward creating more robust coffee profiles. Innovations include the use of cold brew coffee, espresso swirls, and the incorporation of coffee-infused mix-ins, catering to caffeine lovers.
- Fruit: Fruit-based vegan ice cream explores a wide range of fruity flavors, capturing the essence of various fruits in dairy-free frozen desserts. The fruit segment sees trends in exotic and unique fruit combinations, such as mango and passionfruit or mixed berry varieties. There is also a focus on natural fruit purees and reduced added sugars to enhance the fruitiness of these products.
- Others: The “Others” category encompasses a diverse range of vegan ice cream flavors, including unconventional and specialty flavors beyond the traditional spectrum. This category showcases diverse trends, such as botanical-infused ice creams (lavender, rose), regional specialties (matcha, taro), and limited-time seasonal flavors, catering to adventurous consumers seeking novel taste experiences within the vegan ice cream market.
By Sales Type
- Impulse: Impulse sales refer to the purchase of vegan ice cream on a spontaneous basis, often at ice cream parlours, food trucks, or casual eateries. These sales are driven by immediate cravings and the desire for a quick, indulgent treat. Impulse sales in the Vegan Ice Cream Market are rising due to increased availability in dessert shops and mobile food vendors. Unique, on-the-go flavors and smaller portion sizes cater to consumer cravings for immediate gratification.
- Take-Home: Take-home sales involve the purchase of vegan ice cream from retail stores or online, for consumption at home. These sales cater to consumers who prefer enjoying vegan ice cream at their convenience. Take-home sales are surging as brands expand their presence in grocery stores and e-commerce. The convenience of enjoying vegan ice cream at home aligns with the growing trend of healthier and ethical dessert choices.
- Artisanal: Artisanal sales entail purchasing vegan ice cream from small, locally owned shops or independent producers. These sales emphasize craft and unique, handcrafted flavors. The artisanal sector in the Vegan Ice Cream Market is flourishing as consumers seek premium, hand-crafted options. Artisanal brands are focusing on innovative flavors and sustainable practices to meet consumer demand for exclusive, high-quality offerings.
By Distribution Channel
- Supermarket/Hypermarket: Supermarkets and hypermarkets are large retail outlets that offer a wide range of consumer products, including vegan ice cream. These channels provide convenience and accessibility for customers seeking vegan frozen treats. The supermarket/hypermarket distribution channel continues to dominate the vegan ice cream market, offering extensive variety, and driving sales through discounts and promotions. Consumer demand for dairy-free options contributes to shelf space expansion for plant-based products.
- Specialty Store: Specialty stores are niche retail shops that focus on specific product categories, such as health food stores or vegan specialty shops. They offer a curated selection of vegan ice cream and cater to consumers with specialized dietary preferences. Specialty stores are experiencing growth as vegan and health-conscious consumers seek unique flavors and artisanal options. These stores often emphasize organic and locally sourced ingredients to meet consumer demands for quality and sustainability.
- Online: Online distribution channels involve e-commerce platforms where consumers can purchase vegan ice cream and have it delivered to their doorstep. Online shopping provides convenience and accessibility, particularly for those with dietary restrictions. The online distribution channel is rapidly expanding due to the convenience and wider product availability. Consumers appreciate the ease of ordering and home delivery, driving significant growth in the vegan ice cream market through online retailers and delivery services.
- Others: The “Others” category includes various distribution channels that may not fit into traditional retail models, such as food delivery services, food trucks, or farmers’ markets. These unconventional channels also contribute to the availability of vegan ice cream. Emerging trends in the “Others” category involve creative and alternative distribution methods. Food delivery services, for example, increasingly offer vegan ice cream as part of their dessert menus, providing a unique and convenient way for consumers to access dairy-free frozen treats.
Vegan Ice Cream Market – Regional Analysis
The Vegan Ice Cream Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In North America, the Vegan Ice Cream Market is witnessing a surge in demand due to increasing health-consciousness and ethical dietary choices. Consumers are gravitating towards plant-based options, with flavors like oat and almond milk gaining prominence. The market is also marked by the growing influence of sustainability, as brands prioritize eco-friendly packaging and ingredients.
- Europe: In Europe, the Vegan Ice Cream Market is flourishing as consumers seek healthier indulgences. A notable trend is the rise of artisanal and small-batch producers offering unique and premium flavors. Sustainability remains a key focus, with companies exploring local and organic ingredients. Vegan gelato is gaining popularity, combining European tradition with plant-based innovation.
- Asia-Pacific: The Asia-Pacific Vegan Ice Cream Market is expanding rapidly, driven by health-conscious consumers in countries like India and China. Coconut-based flavors are in high demand, with local variations catering to regional tastes. Innovative fusion flavors, such as matcha green tea and lychee, are also gaining traction. The market’s growth is further boosted by an increasing number of vegan-friendly restaurants and dessert shops.
- LAMEA (Latin America, Middle East, and Africa): In the LAMEA region, the Vegan Ice Cream Market is experiencing gradual growth, with consumers showing growing interest in dairy-free options. Coconut and tropical fruit-based flavors are popular, aligning with regional tastes. There’s also a notable emphasis on local ingredients and traditional flavors, making vegan ice cream a blend of global health trends and local cultural preferences.
Competitive Landscape – Vegan Ice Cream Market
The Vegan Ice Cream Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:
- So Delicious Dairy Free
- Tofutti Brands Inc.
- Oatly AB
- NadaMoo!
- The Booja-Booja Company
- Ben & Jerry’s
- Coconut Bliss
- Trader Joe’s
- Häagen-Dazs
- Nadamoo!
- LUV Ice Cream
- Bliss Unlimited LLC (Luna & Larry’s Coconut Bliss)
- Snow Monkey
- Re:THINK Ice Cream
- Forager Project
- Others
These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.
Several new players have adopted innovation and development to enter the Vegan Ice Cream Market. These entrants have leveraged creative flavor profiles, unique ingredient combinations, and sustainable practices to capture market attention and establish a foothold. They often experiment with alternative bases like cashew, hemp, or avocado.
However, the market is still predominantly dominated by key players like Ben & Jerry’s, Häagen-Dazs, and Oatly, which benefit from brand recognition, extensive distribution networks, and substantial resources for research and development. These key players continue to expand their product lines, offer diverse flavors, and emphasize sustainability, maintaining their competitive edge in the market.
The Vegan Ice Cream Market is segmented as follows:
By Source
- Coconut Milk
- Soy Milk
- Almond Milk
- Cashew milk
- Others
By Flavor
- Caramel
- Chocolate
- Coconut
- Coffee
- Vanilla
- Fruit
- Others
By Sales Type
- Impulse
- Take Home
- Artisanal
By Distribution Channel
- Supermarket/Hypermarket
- Specialty Store
- Online
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Vegan Ice Cream Market, (2024 – 2033) (USD Million)
- 2.2 Global Vegan Ice Cream Market: snapshot
- Chapter 3. Global Vegan Ice Cream Market – Industry Analysis
- 3.1 Vegan Ice Cream Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Health and Dietary Preferences
- 3.2.2 Sustainable Packaging
- 3.2.3 Flavor Innovation
- 3.2.4 Retail Expansion
- 3.2.5 Global Expansion
- 3.2.6 Wellness Positioning.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Source
- 3.7.2 Market Attractiveness Analysis By Flavor
- 3.7.3 Market Attractiveness Analysis By Sales Type
- 3.7.4 Market Attractiveness Analysis By Distribution Channel
- Chapter 4. Global Vegan Ice Cream Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Vegan Ice Cream Market: Company Market Share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Vegan Ice Cream Market – Source Analysis
- 5.1 Global Vegan Ice Cream Market Overview: By Source
- 5.1.1 Global Vegan Ice Cream Market Share, By Source, 2022 and – 2033
- 5.2 Coconut Milk
- 5.2.1 Global Vegan Ice Cream Market by Coconut Milk, 2024 – 2033 (USD Million)
- 5.3 Soy Milk
- 5.3.1 Global Vegan Ice Cream Market by Soy Milk, 2024 – 2033 (USD Million)
- 5.4 Almond Milk
- 5.4.1 Global Vegan Ice Cream Market by Almond Milk, 2024 – 2033 (USD Million)
- 5.5 Cashew Milk
- 5.5.1 Global Vegan Ice Cream Market by Cashew Milk, 2024 – 2033 (USD Million)
- 5.6 Others
- 5.6.1 Global Vegan Ice Cream Market by Others, 2024 – 2033 (USD Million)
- 5.1 Global Vegan Ice Cream Market Overview: By Source
- Chapter 6. Global Vegan Ice Cream Market – Flavor Analysis
- 6.1 Global Vegan Ice Cream Market Overview: By Flavor
- 6.1.1 Global Vegan Ice Cream Market Share, By Flavor, 2022 and – 2033
- 6.2 Caramel
- 6.2.1 Global Vegan Ice Cream Market by Caramel, 2024 – 2033 (USD Million)
- 6.3 Chocolate
- 6.3.1 Global Vegan Ice Cream Market by Chocolate, 2024 – 2033 (USD Million)
- 6.4 Coconut
- 6.4.1 Global Vegan Ice Cream Market by Coconut, 2024 – 2033 (USD Million)
- 6.5 Coffee
- 6.5.1 Global Vegan Ice Cream Market by Coffee, 2024 – 2033 (USD Million)
- 6.6 Vanilla
- 6.6.1 Global Vegan Ice Cream Market by Vanilla, 2024 – 2033 (USD Million)
- 6.7 Fruit
- 6.7.1 Global Vegan Ice Cream Market by Fruit, 2024 – 2033 (USD Million)
- 6.8 Others
- 6.8.1 Global Vegan Ice Cream Market by Others, 2024 – 2033 (USD Million)
- 6.1 Global Vegan Ice Cream Market Overview: By Flavor
- Chapter 7. Global Vegan Ice Cream Market – Sales Type Analysis
- 7.1 Global Vegan Ice Cream Market Overview: By Sales Type
- 7.1.1 Global Vegan Ice Cream Market Share, By Sales Type, 2022 and – 2033
- 7.2 Impulse
- 7.2.1 Global Vegan Ice Cream Market by Impulse, 2024 – 2033 (USD Million)
- 7.3 Take Home
- 7.3.1 Global Vegan Ice Cream Market by Take Home, 2024 – 2033 (USD Million)
- 7.4 Artisanal
- 7.4.1 Global Vegan Ice Cream Market by Artisanal, 2024 – 2033 (USD Million)
- 7.1 Global Vegan Ice Cream Market Overview: By Sales Type
- Chapter 8. Global Vegan Ice Cream Market – Distribution Channel Analysis
- 8.1 Global Vegan Ice Cream Market Overview: By Distribution Channel
- 8.1.1 Global Vegan Ice Cream Market Share, By Distribution Channel, 2022 and – 2033
- 8.2 Supermarket/Hypermarket
- 8.2.1 Global Vegan Ice Cream Market by Supermarket/Hypermarket, 2024 – 2033 (USD Million)
- 8.3 Specialty Store
- 8.3.1 Global Vegan Ice Cream Market by Specialty Store, 2024 – 2033 (USD Million)
- 8.4 Online
- 8.4.1 Global Vegan Ice Cream Market by Online, 2024 – 2033 (USD Million)
- 8.5 Others
- 8.5.1 Global Vegan Ice Cream Market by Others, 2024 – 2033 (USD Million)
- 8.1 Global Vegan Ice Cream Market Overview: By Distribution Channel
- Chapter 9. Vegan Ice Cream Market – Regional Analysis
- 9.1 Global Vegan Ice Cream Market Regional Overview
- 9.2 Global Vegan Ice Cream Market Share, by Region, 2022 & – 2033 (USD Million)
- 9.3. North America
- 9.3.1 North America Vegan Ice Cream Market, 2024 – 2033 (USD Million)
- 9.3.1.1 North America Vegan Ice Cream Market, by Country, 2024 – 2033 (USD Million)
- 9.3.1 North America Vegan Ice Cream Market, 2024 – 2033 (USD Million)
- 9.4 North America Vegan Ice Cream Market, by Source, 2024 – 2033
- 9.4.1 North America Vegan Ice Cream Market, by Source, 2024 – 2033 (USD Million)
- 9.5 North America Vegan Ice Cream Market, by Flavor, 2024 – 2033
- 9.5.1 North America Vegan Ice Cream Market, by Flavor, 2024 – 2033 (USD Million)
- 9.6 North America Vegan Ice Cream Market, by Sales Type, 2024 – 2033
- 9.6.1 North America Vegan Ice Cream Market, by Sales Type, 2024 – 2033 (USD Million)
- 9.7 North America Vegan Ice Cream Market, by Distribution Channel, 2024 – 2033
- 9.7.1 North America Vegan Ice Cream Market, by Distribution Channel, 2024 – 2033 (USD Million)
- 9.8. Europe
- 9.8.1 Europe Vegan Ice Cream Market, 2024 – 2033 (USD Million)
- 9.8.1.1 Europe Vegan Ice Cream Market, by Country, 2024 – 2033 (USD Million)
- 9.8.1 Europe Vegan Ice Cream Market, 2024 – 2033 (USD Million)
- 9.9 Europe Vegan Ice Cream Market, by Source, 2024 – 2033
- 9.9.1 Europe Vegan Ice Cream Market, by Source, 2024 – 2033 (USD Million)
- 9.10 Europe Vegan Ice Cream Market, by Flavor, 2024 – 2033
- 9.10.1 Europe Vegan Ice Cream Market, by Flavor, 2024 – 2033 (USD Million)
- 9.11 Europe Vegan Ice Cream Market, by Sales Type, 2024 – 2033
- 9.11.1 Europe Vegan Ice Cream Market, by Sales Type, 2024 – 2033 (USD Million)
- 9.12 Europe Vegan Ice Cream Market, by Distribution Channel, 2024 – 2033
- 9.12.1 Europe Vegan Ice Cream Market, by Distribution Channel, 2024 – 2033 (USD Million)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Vegan Ice Cream Market, 2024 – 2033 (USD Million)
- 9.13.1.1 Asia Pacific Vegan Ice Cream Market, by Country, 2024 – 2033 (USD Million)
- 9.13.1 Asia Pacific Vegan Ice Cream Market, 2024 – 2033 (USD Million)
- 9.14 Asia Pacific Vegan Ice Cream Market, by Source, 2024 – 2033
- 9.14.1 Asia Pacific Vegan Ice Cream Market, by Source, 2024 – 2033 (USD Million)
- 9.15 Asia Pacific Vegan Ice Cream Market, by Flavor, 2024 – 2033
- 9.15.1 Asia Pacific Vegan Ice Cream Market, by Flavor, 2024 – 2033 (USD Million)
- 9.16 Asia Pacific Vegan Ice Cream Market, by Sales Type, 2024 – 2033
- 9.16.1 Asia Pacific Vegan Ice Cream Market, by Sales Type, 2024 – 2033 (USD Million)
- 9.17 Asia Pacific Vegan Ice Cream Market, by Distribution Channel, 2024 – 2033
- 9.17.1 Asia Pacific Vegan Ice Cream Market, by Distribution Channel, 2024 – 2033 (USD Million)
- 9.18. Latin America
- 9.18.1 Latin America Vegan Ice Cream Market, 2024 – 2033 (USD Million)
- 9.18.1.1 Latin America Vegan Ice Cream Market, by Country, 2024 – 2033 (USD Million)
- 9.18.1 Latin America Vegan Ice Cream Market, 2024 – 2033 (USD Million)
- 9.19 Latin America Vegan Ice Cream Market, by Source, 2024 – 2033
- 9.19.1 Latin America Vegan Ice Cream Market, by Source, 2024 – 2033 (USD Million)
- 9.20 Latin America Vegan Ice Cream Market, by Flavor, 2024 – 2033
- 9.20.1 Latin America Vegan Ice Cream Market, by Flavor, 2024 – 2033 (USD Million)
- 9.21 Latin America Vegan Ice Cream Market, by Sales Type, 2024 – 2033
- 9.21.1 Latin America Vegan Ice Cream Market, by Sales Type, 2024 – 2033 (USD Million)
- 9.22 Latin America Vegan Ice Cream Market, by Distribution Channel, 2024 – 2033
- 9.22.1 Latin America Vegan Ice Cream Market, by Distribution Channel, 2024 – 2033 (USD Million)
- 9.23. The Middle East and Africa
- 9.23.1 The Middle-East and Africa Vegan Ice Cream Market, 2024 – 2033 (USD Million)
- 9.23.1.1 The Middle-East and Africa Vegan Ice Cream Market, by Country, 2024 – 2033 (USD Million)
- 9.23.1 The Middle-East and Africa Vegan Ice Cream Market, 2024 – 2033 (USD Million)
- 9.24 The Middle-East and Africa Vegan Ice Cream Market, by Source, 2024 – 2033
- 9.24.1 The Middle-East and Africa Vegan Ice Cream Market, by Source, 2024 – 2033 (USD Million)
- 9.25 The Middle-East and Africa Vegan Ice Cream Market, by Flavor, 2024 – 2033
- 9.25.1 The Middle-East and Africa Vegan Ice Cream Market, by Flavor, 2024 – 2033 (USD Million)
- 9.26 The Middle-East and Africa Vegan Ice Cream Market, by Sales Type, 2024 – 2033
- 9.26.1 The Middle-East and Africa Vegan Ice Cream Market, by Sales Type, 2024 – 2033 (USD Million)
- 9.27 The Middle-East and Africa Vegan Ice Cream Market, by Distribution Channel, 2024 – 2033
- 9.27.1 The Middle-East and Africa Vegan Ice Cream Market, by Distribution Channel, 2024 – 2033 (USD Million)
- Chapter 10. Company Profiles
- 10.1 So Delicious Dairy Free
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Tofutti Brands Inc.
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Oatly AB
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 NadaMoo!
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 The Booja-Booja Company
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Ben & Jerry’s
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Coconut Bliss
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Trader Joe’s
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Häagen-Dazs
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.11 LUV Ice Cream
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 Bliss Unlimited LLC (Luna & Larry’s Coconut Bliss)
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 Snow Monkey
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 Re:THINK Ice Cream
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 Forager Project
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Others.
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.1 So Delicious Dairy Free
List Of Figures
Figures No 1 to 37
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
Perspective | Primary research | Secondary research |
Supply-side |
|
|
Demand-side |
|
|
Market Analysis Matrix
Qualitative analysis | Quantitative analysis |
|
|
FAQs
The key factors driving the Market are Health and Dietary Preferences, Sustainable Packaging, Flavor Innovation, Retail Expansion, Global Expansion And Wellness Positioning.
The “Chocolate” category dominated the market in 2022.
The key players in the market are So Delicious Dairy Free, Tofutti Brands Inc., Oatly AB, NadaMoo!, The Booja-Booja Company, Ben & Jerry’s, Coconut Bliss, Trader Joe’s, Häagen-Dazs, Nadamoo!, LUV Ice Cream, Bliss Unlimited LLC (Luna & Larry’s Coconut Bliss), Snow Monkey, Re:THINK Ice Cream, Forager Project, Others.
“Europe” had the largest share in the Vegan Ice Cream Market.
The global market is projected to grow at a CAGR of 10.8% during the forecast period, 2023-2032.
The Vegan Ice Cream Market size was valued at USD 685.3 Million in 2023.