Leading Dairy-Free Ice Cream Source Markets Databank
The Dairy-Free Ice Cream market was valued at $605.3 Million in 2020, and is projected to reach $1,040.5 Million by 2029 growing at a CAGR of 6.25% from 2021 to 2029. Coconut segment is expected to be the highest contributor to this market, with $234.2 Million in 2020, and is anticipated to reach $402.2 Million by 2029, registering a CAGR of 6.23%. Almond segment is anticipated to reach $314.9 Million by 2029 with the highest CAGR of 6.32%. Coconut and Soy segments collectively expected to account for about 69.9% share of the Dairy-Free Ice Cream market in 2020, with the former constituting around 38.7% share. Almond and Coconut segments are expected to witness significant growth rates at a CAGR of 6.32% and 6.23% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 68.8% in the overall Dairy-Free Ice Cream market in 2020, and is anticipated to reach 68.9% by 2029.
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