Non-Dairy Ice Cream Market to See Huge Growth by 2026
Date: 2020-03-06   Author: Rahul Sankrityayan  Category: #news

Non-Dairy Ice Cream Market to See Huge Growth by 2026

DecResearch has recently published a distinguished study on the Global Non-dairy Ice Cream Market. The study examines the market thoroughly and has provided a rather structured evaluation analysis of the business. This structured analysis is a collection of diagrammatic and graphical representations of the worldwide Non-dairy Ice Cream Market along with certain information on the regional landscape.

Global Non-Dairy Ice Cream Market size is Valued At USD 400 million in 2017 and is Expected to surpass USD 1 billion With 14.7 CAGR by 2024.

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Shifting consumer preference towards the vegan diet is expected to propel non-dairy ice cream market. Growing lactose intolerance population resulted in an improved demand for plant-based food products. Approximately over 50 million U.S. population is affected by gastrointestinal malabsorption owing to the inability of the digestive system to breaks down lactose compound.

Fluctuating trends towards healthy lifestyle owing to increasing awareness across North America and Europe instigating sales growth. Factors such as low calories content and high protein benefits propelling dairy-free products demand. Increasing daily milk allergies are mainly stimulating rapid commercialization of plant-based milk products strongly supporting industry share.

Top Key Players :

  1. Unilever
  2.  General Mills
  3.  Danone
  4.  Booja Booja
  5.  Tofutti Brands, Inc.
  6.  Happy Cow Limited
  7.  Bliss Unlimited, LLC
  8.  Eden Creamery LLC.
  9.  Over The Moo
  10.  Swedish Glace
  11.  Dream
  12.  NadaMoo
  13.  Van Leeuwen
  14.  Trader Joes

Market Segmentation By Regions:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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Market Segmentation By Types:

  1. Impulse
  2. Artisanal
  3. Take Home

Manufacturers are anticipated to enhanced nutritional value and product quality by usage of fruits, nuts, peanut butter and beans with add on flavors. Vegan milk such as coconut milk, soy milk, and almond milk are extensively used as raw material in the manufacturing of non-diary ice cream. Effective health benefits owing to the presence of nutritional elements in the products will boost market share during the forecast period.

Coconut milk segment is projected to witness more than 14% CAGR from 2018 to 2024. Improved usage of coconut milk owing to cost-effective benefits are fostering product landscape. It provides similar properties as compared to dairy milk especially the presence of fats components stimulating industrial usage. Coconut milk is highly compatible with several flavors that enhances textures are key benefits are propelling non-dairy ice cream market share.

Vanilla segment captured over 23% market share in 2017. Rising demand for vanilla flavor owing to its pleasant taste in conventional and non-diary ice-creams are propelling industry share. Premium segment widely uses flavors including vanilla & hazelnut chocolate flavors, bourbon vanilla extract in the products. Non-dairy ice-cream products have captured strong attention from young generation due to the availability of numerous fruitful flavor options stimulating market penetration.

Europe non-dairy ice cream market is expected to witness CAGR at over 14% from 2018 to 2024. Higher vegan products demand owing to rising health consciousness and growing vegan population are primary factors driving the regional industry growth.

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Asia Pacific market accounted for more than USD 150 million revenue in 2017. Improved demand for vegan products owing to growing awareness among the huge population supporting sales growth across the region. Strong presence of manufacturing companies catering lactose intolerant consumers mainly boosting market expansion in emerging countries. Increasing population across China, India, Japan, and Australia stimulating non-dairy ice cream industry growth.

Non-dairy ice cream market is highly competitive in nature owing to the large presence of manufacturing companies in the market. Key industry players are Bliss Unlimited LLC, Unilever. Danone, General Mills, Booja Booja, NadaMoo, and Swedish Glace. Companies are focusing on new product development by adding nutritional ingredients to cater to health-conscious consumer base and enhance product sales.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for algosonline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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