Non-dairy Ice Cream Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
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:
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 a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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