Vegan Ice Cream Market, Size, Global Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

Vegan Ice Cream Market, Size, Global Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

Global Vegan Ice Cream market is expected to reach US$ 1.24 Billion by 2030. The vegan ice cream is experiencing remarkable growth within the food and beverage sector. This burgeoning industry is fueled by shifting lifestyles, a rise in disposable income, and advancements in cold chain infrastructure. As more individuals embrace veganism and opt for plant-based alternatives, the demand for has soared. Additionally, increasing awareness about lactose intolerance and its impact on health has contributed to the rising popularity of dairy-free ice cream options. Consumers are actively seeking delicious and creamy plant-based alternatives that cater to their dietary needs and preferences. With a wide range of flavors and textures available, has become a delectable choice for both vegans and individuals looking for healthier and environmentally-friendly dessert options. As this trend continues to gain momentum, the future looks promising for the vegan ice cream industry, with opportunities for innovation and expansion on the horizon.

The vegan ice cream market is projected to witness a steady expansion with a compound annual growth rate (CAGR) of 8.33% throughout the 2022-2030.

As people become more aware of the negative impacts of animal products on their health, the environment, and ethical concerns, there has been a significant global increase in the demand for vegan products over the past decade. This trend has not gone unnoticed by well-known retail companies, who have recognized the opportunity and invested in developing their own line of vegan offerings. These companies have expanded their product range to include vegan alternatives to their popular non-vegan items. By doing so, they are catering to the growing market of health-conscious and ethically-minded consumers. This strategic decision allows these companies to capitalize on the rising demand for vegan options while also demonstrating their commitment to sustainability and meeting the changing preferences of their customers. The availability of vegan alternatives from established retail brands has made it easier and more convenient for consumers to make conscious choices that align with their values, without compromising on taste or quality. The global vegan ice cream market was valued at US$ 653.7 Million in 2022.

The surging demand for vegan ice cream is anticipated to be prominent contribution of coconut milk, leading to substantial growth of the industry on a global scale.

The global vegan ice cream market is categorized into Coconut Milk, Soy Milk, Almond Milk, and Cashew Milk. Among these, Coconut Milk stands out as the fastest-growing segment, captivating ice cream enthusiasts worldwide with its creamy texture, tropical flavor, and versatility. The surge in demand for dairy-free alternatives and the growing popularity of plant-based diets have contributed to the success of coconut milk-based ice creams. Consumers seeking indulgent and delicious dairy-free frozen treats are drawn to the unique characteristics of coconut milk, such as its rich mouth feel and natural sweetness. Consequently, coconut milk remains a driving force behind innovation and market expansion in the thriving vegan ice cream industry.

Caramel has captured the highest market share in the vegan ice cream industry.

The global vegan ice cream market offers a variety of flavors, including Chocolate, Caramel, Coconut, Vanilla, Coffee, Fruits, Butter Pecan, Strawberry, Neapolitan, Cookies & Cream, Mint Choco Chips, and Others. Among these, Caramel takes the lead, capturing the largest market share. Its smooth and indulgent texture, along with its rich taste, has made it a popular choice among consumers. Whether it's salted caramel, caramel swirls, or caramel-infused varieties, this flavor has become a favorite for those seeking a delightful experience. Caramel's versatility allows it to pair well with a wide range of other flavors and toppings, further enhancing its appeal. With its irresistible allure, caramel continues to dominate the market and satisfy the cravings of vegan ice cream enthusiasts worldwide.

With the rising demand for vegan ice cream, Cup & Tube packaging continues to dominate the market.

The global vegan ice cream market is divided into different packaging formats, including Paper Bowls, Carton, Wrap, Cup & Tube, Bars & Pops, Flexible Packaging, Rigid Plastics, and Others. Among these, Cup & Tube containers have emerged as the top packaging choice, holding the largest market share. These containers provide convenience and portability, making them an ideal option for consumers who prefer plant-based frozen treats on the go. Cup & Tube packaging not only enables easy consumption but also facilitates portion control and minimizes waste. With their attractive designs and user-friendly features, Cup & Tube containers have become the preferred packaging format for manufacturers and consumers alike.

Artisanal sales are experiencing rapid growth within the vegan ice cream industry.

The global vegan ice cream market is categorized into Impulse, Take Home, and Artisanal sales types. Among these, Artisanal stands out as a premium option, catering to consumers' desire for unique and handcrafted frozen treats that offer an indulgent experience. Artisanal ice cream sets itself apart with its high-quality ingredients, creative flavors, and meticulous attention to detail. This segment allows for innovation, experimentation, and the use of locally sourced and organic ingredients, appealing to consumers who value craftsmanship and artisanal touch in their desserts. With its focus on flavor, texture, and expert craftsmanship, artisanal vegan ice cream drives the industry's growth by providing elevated and distinctive offerings and make ice cream and cake.

Supermarkets and hypermarkets play a pivotal role in driving the growth of the global vegan ice cream market.

The global vegan ice cream market is distributed through various channels, including Supermarkets/Hypermarkets, Convenience Stores, Franchise Outlets, Online platforms, and Others. Among these, Supermarkets and hypermarkets take the lead, capturing the largest market share. These retail giants offer a diverse range of options, providing convenience and easy access to consumers. With their extensive distribution networks, supermarkets and hypermarkets can reach a wide customer base, making ice cream of vegan more readily available to a broader audience. The prominent presence of these retail channels reflects the growing demand for plant-based alternatives and the increasing acceptance of vegan products in the mainstream market.

The Asia-Pacific region is expected to experience substantial growth in the coming years due to rapid urbanization and rising per capita consumption.

The global vegan ice cream market is divided into North America, Europe, Asia-Pacific, and Rest of the World regions. Among these, the Asia-Pacific region is experiencing the most rapid growth in the industry. Changing consumer preferences, increasing health consciousness, and a growing population of vegans and lactose-intolerant individuals are fueling the demand for plant-based frozen desserts in this region. The availability of vegan products, coupled with a focus on innovative flavors and textures tailored to local tastes, has contributed to the market's swift expansion. From its humble beginnings, the vegan banana ice cream industry has blossomed into a thriving market, captivating taste buds with its naturally sweet and guilt-free frozen treats. The Asia-Pacific region's strong economic growth and urbanization have resulted in higher disposable incomes and increased consumer purchasing power, driving the market's growth. Emerging economies such as China, India, Japan, New Zealand, and Australia are witnessing extensive research and development in the vegan ice cream market.

The US vegan ice cream industry meets market demands while leading the way towards a sustainable and compassionate future of frozen desserts.
By Country, The global vegan ice cream market is sub segmented into Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, India, Israel, Italy, Japan, Mexico, Netherlands, Saudi Arabia, South Africa, Spain, Switzerland, United Kingdom, United States, Turkey, South Korea, U.A.E, Egypt and Rest of Countries. The United States vegan ice cream industry is currently witnessing a remarkable surge in popularity and growth. As more consumers embrace plant-based diets and seek healthier and cruelty-free alternatives, the demand continues to soar. With a wide range of flavors, textures, and innovative ingredients, the best ice cream las Vegas offers an extensive selection to cater to various preferences and dietary needs. Major players in the market are investing in research and development to create delicious and indulgent options that rival traditional dairy-based counterparts. Furthermore, collaborations with renowned chefs and influencers are driving innovation, creating unique and exciting flavors that captivate consumers' taste buds.

Key Players

Gereral Mill Inc, Nestle S.A., Unilever, Lotus Bakeries, Lotte Corporation, Inner Mongolia Yili Industrial Group Co Ltd and Dunkin Brands are the prominent companies working in the global vegan ice cream market.

Renub Research report titled “Global Vegan Ice Cream Market, Global Forecast by Source (Coconut Milk, Soy Milk, Almond Milk, Cashew Milk), By Flavor (Chocolate, Caramel, Coconut, Vanilla, Coffee, Fruits, Butter Pecan, Strawberry, Neapolitan, Cookies & Cream, Mint Choco Chips and Others), By Packaging (Paper Bowls, Carton, Wrap, Cup & Tube, Bars & Pops, Flexible Packaging, Rigid Plastics, Others), By Sales Type (Impulse, Take Home, Artisanal), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Franchise Outlet, Online, Others), Regions (North America, Asia Pacific, Europe and ROW), Country (Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, India, Israel, Italy, Japan, Mexico, Netherlands, Saudi Arabia, South Africa, Spain, Switzerland, United Kingdom, United States, Turkey, South Korea, U.A.E, Egypt and Rest of Countries), Companies (Gereral Mill Inc, Nestle S.A., Unilever, Lotus Bakeries, Lotte Corporation, Inner Mongolia Yili Industrial Group Co Ltd and Dunkin Brands)” studies the detailed analysis on Global Vegan Ice Cream Industry.

Source – Global Vegan Ice Cream Market break up in 4 viewpoints

1. Coconut Milk
2. Soy Milk
3. Almond Milk
4. Cashew Milk

Flavor – Global Vegan Ice Cream Market break up in 12 viewpoints

1. Chocolate
2. Caramel
3. Coconut
4. Vanilla
5. Coffee
6. Fruits
7. Butter Pecan
8. Strawberry
9. Neapolitan
10. Cookies and Cream
11. Mint Choco Chips
12. Others

Packaging – Global Vegan Ice Cream Market break up in 8 viewpoints

1. Paper Bowls
2. Carton
3. Wrap
4. Cup & Tube
5. Bars & Pops
6. Flexible Packaging
7. Rigid Plastics
8. Others

Sales Type – Global Vegan Ice Cream Market break up in 3 viewpoints

1. Impulse
2. Take Home
3. Artisanal

Distribution Channel – Global Vegan Ice Cream Market break up in 4 viewpoints

1. Supermarkets/Hypermarkets
2. Convenience Sores
3. Franchise Outlet
4. Online
5. Others

Region – Global Vegan Ice Cream Market break up in 4 viewpoints

1. North America
2. Europe
3. Asia-Pacific
4. Rest of the world

Country – Global Vegan Ice Cream Market break up in 25 viewpoints

1. North America

1.1 United States
1.2 Canada
1.3 Mexico

2. Europe

2.1 Germany
2.2 Belgium
2.3 France
2.4 Italy
2.5 Netherlands
2.6 Spain
2.7 Switzerland
2.8 United Kingdom
2.9 Turkey

3. Asia-Pacific

3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Australia

4. Middle East & Africa

4.1 Israel
4.2 Saudi Arabia
4.3 South Africa
4.4 United Arab Emirates
4.5 Egypt

5. South America

5.1 Argentina
5.2 Brazil

6. Rest of the World

Company is breakup into 3 viewpoints

• Overviews
• Recent Development
• Revenue

Company

1. Gereral Mill Inc
2. Nestle S.A.
3. Unilever
4. Lotus Bakeries
5. Lotte Corporation
6. Inner Mongolia Yili Industrial Group Co Ltd
7. Dunkin Brands