Growth of the global plant-based ice-creams market will be marginally lower than its revenue growth as the market is expected to reflect of a volume CAGR of 9.1% and a value CAGR of 9.3% over the forecast period. Demand for cups or tubs of plant-based ice-creams, on the other hand, will rise as global sales recorded in this product segment will contribute to nearly 30% of global market value by the end of 2031.
As per newly released data by Future Market Insights, plant-based ice cream sales will rise consistently at 9.3% CAGR between 2021 and 2031. Driven by surging focus on veganism, the plant-based ice cream market valuation is forecast to surpass US$ 1,492.5 Mn in 2021.
Despite challenges posed by covid-19 outbreak, the market is likely to gain impetus, exhibiting 11.1% year-on-year growth in 2021.
Growth predictions remain positive for North America due to increasing concern towards animal welfare and environmental sustainability. Spurred by this, North America is anticipated to register a CAGR of around 9.7% during the forecast period 2021-2031.
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Key Points Covered In T Plant Based Ice-Creams Market Research
- Market estimates and forecast 2021-2031
- Key drivers and restraints impacting the market growth
- Segment wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand share and Market share Analysis
- Key Product Innovations and Regulatory Climate
- Covid-19 Impact on Plant Based Ice Creams market And How to Navigate
- Recommendations on Key Winning Strategies
Competitive Landscape
The report also profiles prominent players in the global plant-based ice-cream market, which include Ben & Jerry’s Homemade Inc., Bliss Unlimited, LLC, LUV Ice Cream LLC, SO DELICIOUS DAIRY FREE (Danone), Oatly AB, Jollyum Co., The Booja-Booja Co., LITTLE BABYS ICE CREAM LLC, Klein’s Ice Cream Inc., and Frankie & Jo’s. Other key players in the market are observed to be Happy cow ltd., Tofutti, Breyers, Dream, Nadamoo, ARCTIC ZERO, Inc., Snowflake Luxury Gelato, Wink Frozen Desserts, Nobó ltd., Imuraya Group Co. Ltd.
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Market Taxonomy
By Form
- Singles
- Blends
By Product Type
- Bars
- Cones
- Cups/Tubs
- Others
By Flavor
- Fruits
- Strawberry
- Banana
- Orange
- Raspberry
- Pomegranate
- Lemon
- Others
- Nuts
- Coconut
- Almond
- Hazelnut
- Others
- Herbs
- Cinnamon
- Mint
- Peppermint
- Others
- Beans
- Vanilla
- Chocolate
- Coffee
- Others
By Source
- Soy Milk
- Coconut Milk
- Almond Milk
- Cashew Milk
- Others
By Sales Channel
- Direct Sales
- Indirect Sales
- Hyper/Supermarket
- Franchise Outlet
- Online
- Other Retail Formats
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Key Questions Answered In The Report
- How much is the plant-based ice cream market worth?Driven by increasing demand for vegan products, the plant-based ice cream market size is forecast to reach US$ 1492.5 Mn in 2021.
- What was the last 5 year market CAGR of plant-based ice cream?CAGR exhibited by the plant-based ice creams market for the historical period (2016-2020) has been estimated at 9.1% in terms of value.
- What is the market share of top 5 players in plant-based ice creams market ?The combined market share of top 5 players, including Ben & Jerry’s (Unilever Plc), SO DELICIOUS DAIRY FREE (Danone), Dream (Hain Celestial group ltd.), Oatly AB, Breyer’s, and Klein’s Ice cream is estimated to be around 20-25% of the overall market.
- Which countries are key exporters of plant-based ice creams market ?The key exporters of plant-based ice cream market include the U.K., the U.S., Sweden, Italy, and Spain.
- What is the North America Market Outlook?The demand for plant-based ice cream market is expected to rise at 9.7% in North America between 202 and -2031.
- At what percentage will plant-based ice cream market o register growth in Europe?The demand for plant-based ice cream market is expected to rise at 10.4% CAGR in Europe between 2021 and 2031.
- Which countries are key producers of plant-based ice cream?The U.K., U.S., Sweden, Italy, and Spain are touted as the chief producers of plant-based ice cream market.
- What is driving demand of plant-based ice cream market?Increasing inclination towards vegan culture among consumers is driving the growth of the plant-based ice cream market.
- What are the key trends in the plant-based ice cream market?Shift towards almond and cashew nut milk, increasing inclination of Mexican consumers towards sour cream and impulse category ice cream, and inclination among consumers for plant-based ice cream products due to animal are the key trends prevalent in the market.
- What are the key statistics for plant-based ice cream market in Japan and South Korea?Japan and South Korea will hold 7.2% and 5.2% of the plant-based ice creams market, respectively, in 2021.