The Global Non-Dairy Ice Cream Market size is expected to grow from USD 243.55 million in 2022 to USD 2154.81 million by 2030, at a CAGR of 14.5% during the forecast period (2023-2030).
Market Overview:
Non-dairy ice cream is made from plant-based milk such as coconut milk, almond milk, cashew milk, and others. Non-dairy ice cream includes high lipid substances, sugars, casein, nutrients, and egg whites. Growing health awareness, increasing frequencies of lactose bigotry, and other milk-related medical problems and socialization patterns are relied upon to boost the market development of non-dairy ice cream in the gauge time frame. In addition, the growing prevalence of lactose intolerance and milk allergies among customers has led to a demand in the consumption of dairy alternative products worldwide. Producers are including healthier ingredients compared to dairy counterparts for capturing multiple consumers. Factors such as low-calorie content and high protein benefits will stimulate dairy-free products' demand.
Top Key Players for Non-Dairy Ice Cream Market:
Happy Cow Ltd., Nestle, Ben and Jerry's Home Made, Wells Enterprise, Over the Moo, Bliss Unlimited LLC., BOOJA-BOOJA, Van Leeuwen Ice Cream LLC., Tofutti Brands Inc., Eden Creamery LLC., Waitrose and Partners, Traders Joe's., Unilever, General Mills, Danone., Swedish Glace, Talenti, and other major players.
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Market Dynamics and Factors for Non-Dairy Ice Cream Market:
Drivers:
Growing incidences of lactose intolerance and other milk-related allergies
Growing incidences of lactose intolerance and other milk-related allergies will fuel product demand. broad product variations through ingredients such as coconut, almond & soy milk will positively influence the market growth. Additionally, innovative flavors provided mainly including blended flavors have enriched product development.
Rising consumer spending on take-home and impulse products will further stimulate the non-dairy ice cream market demand.Opportunities:
Health and Wellness Trends
As consumers become more health-conscious, there is a growing demand for healthier dessert alternatives. Non-dairy ice cream, often made with ingredients like almond milk, coconut milk, or oat milk, is perceived as a healthier option than traditional dairy ice cream. Brands that can emphasize the health benefits and nutritional value of their products can tap into this trend.
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Segmentation Analysis of the Non-Dairy Ice Cream Market:
By Source, the coconut milk segment is dominating the market owing to easy availability less cost and easy processing compared to other segments has propelled the growth of the market. In addition, high demand from consumers for coconut milk and promotion by many brands led the market growth during the forecast period.
- Coconut Milk
- Soya Milk
- Almond Milk
- Cashew Milk
By Type of Flavor, the chocolate flavor segment is projected to account for the largest share in the market due to demand in school kids of all ages of a group, followed by vanilla flavor accounting for the major share. The flavor varies according to from region to region. For instance, in Europe, lemon is the most demanded flavor in the region.
- Chocolate
- Vanilla
- Caramel
- Coffee
- Others
Regional Analysis of the Non-Dairy Ice Cream Market:
North America region dominating the non-dairy ice cream market and is expected to continue during the forecast period. Increasing demand for vegan ice cream owing to the rising health consciousness due to lactose in the milk. The new product line by leading key players Ben and Jerry are dairy-free and vegan flavored desserts enabled to capture significant market share, hastening the regional growth.
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Development:
In February 2019, A Unilever Brand, Magnum Ice Cream declared that the launch of new Magnum non-dairy frozen dessert bars in the United States. This launch of a new product will upgrade the company's product portfolio and strengthen its market share in the region.
In April 2017, Danone S.A. declared that they had signed the agreement to the accession of the company WhiteWave Foods Co with an investment of around USD 12.5 Billion. This acquisition will help the Danone company to develop new and innovative products, augment its distribution network, and strengthen its position in the non-dairy ice cream market.
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