Non-dairy Ice Cream Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Non-dairy Ice Cream Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : January, 2020 | Food and Beverages | PPT format

Report Digest

Global Non-dairy Ice Cream Market: Snapshot 

Attributing to the increase in vegan population has given a significant boost to non-dairy ice cream. Moreover, rising number of lactose intolerant people and people who practice abstinence from animal products has further fueled demand in this market. Increasing milk related allergies is also supporting growth for non-dairy ice creams at the global level. People now are becoming more health conscious and focus on less bloating and less fattening products. Additionally, growing popularity of maintain calories and high intake of nutritious food products have surged demand in the global non-diary ice cream market. 

Crucial Factors That Have Led Demand In Global Non-Dairy Ice Cream Market Include: 

  • Profitable for individuals aiming to lose weight- products that are milk free helps in absorbing nutrients and potentially gain healthy weight.
  • Presence of antibodies in large quantities in milk, but processed milk contains added antibiotics and hormones including BGH (Bovine Growth Hormone) and IGF-1 (insulin-like growth factor). Excessive presence of these hormones might increase concerns among individuals. Higher IGF-1 levels can result in increasing colon, prostate, breast, and lung cancers.
  • Intolerance for spurred various digestive symptom including cramps, bloating, stomach pain, diarrhea, flatulence, and nausea. Millions of people across globe face these issues.
  • Reducing consumption of milk has resulted in minimizing acne. According to a study, presence of butterfat, lactose, and excess iodine in milk is the key driver that increases acne.
  • Different researchers have also posed that milk increases the chances of hormone related cancers. Strong link has also found between milk consumption and prostate and ovarian cancer.

Global Non-dairy Ice Cream Market: Overview

The global market for non-dairy ice cream comprises ice creams that are made from non-dairy milks such as soy, coconut, and almond, catering to consumers that are averse to dairy products either by choice or due to allergies related to or intolerance to milk products. Thus the rising population of vegans, people who practice abstinence from the use of animal products, and lactose intolerant people across the globe is working well in favor of the global non-dairy ice cream. The market is expected to expand at an impressive pace in the next few years.

Global Non-dairy Ice Cream Market: Trends and Opportunities

Some of the key factors working in favor of the global non-dairy ice creams market are the rising numbers of people adopting vegan lifestyles, rising number of health conscious people across the globe, and rise in available options in emerging markets as well. The rising number of companies in the market introducing an increased number of product variations based on flavors and ingredients are attracting consumers who previously saw dairy-free products as uninteresting recipes of popular food items. Easy availability of these ice creams through supermarkets, hypermarkets, and dedicated outlets in emerging economies and the high per capital consumption of ice cream in several developed economies are also working in favor of the global non-dairy ice creams market.

In the next few years, the market is expected to be driven due to technological advancements observed in the area of taste improvement and product innovations with the aim of bringing these ice creams closer in terms of taste with their conventional counterparts. The rising global production of plant milks is also expected to emerge as a good driving force for the global non-dairy ice cream market. However, the high costs of these ice creams as compared to conventional ice creams could hamper the growth prospects of the market to a certain degree. Of the key varieties of plant milks used for the production of non-dairy ice creams, the use of coconut milk remains the highest.

Global Non-dairy Ice Cream Market: Market Potential

Emerging economies in regions such as Asia Pacific and Latin America have been considered to be the most promising markets for non-dairy ice creams owing to the rising disposable incomes, increased expenditure on healthy desserts, and easier availability of these products through modern retail outlets such as hypermarkets and supermarkets. Companies seeking to make their positions stronger in the global non-dairy ice cream market need to focus on these new regional markets through modern retail channels and innovative flavors.

Global Non-Dairy Ice Cream Market: Geographical and Competitive Dynamics

Presently, the markets in Europe and North America are among the most profitable and well-established regional markets. The rising population of vegans in these regions and the increased preference to healthy food products are the key factors making these regional markets strong contenders in the global non-dairy ice cream market. While the market features favorable growth prospects in these regions in the next few years as well, the market in Asia Pacific is likely to emerge as the one with the most promising growth opportunities due to a rising population of people with high disposable incomes and rising curiosity regarding these ice creams. An increasing number of companies catering to the region is also likely to increase the scope and reach of the non-dairy ice creams market in the region.

Some of the leading companies operating in the global non-dairy ice cream market are Bliss Unlimited LLC, Unilever, NadaMoo, General Mills, Swedish Glace, and Danone.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

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

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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