Vegan Ice Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Published Mar 18, 2023

Length 145 Pages

SKU # IMRC17854649

Description

Vegan Ice Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global vegan ice cream market size reached US$ 639.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 878.2 Million by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.

Vegan ice cream is prepared with soy, cashew, almond, coconut or other plant-based milk. It contains substantial amounts of fat and delivers delicious flavor and rich creaminess like conventional variants. It is widely available in numerous varieties, including pint-sized containers, ice cream sandwiches, drumsticks, and fudge bars. At present, market players are offering innovative flavors of vegan ice cream, including dark chocolate, almond sea salt, cherry cashew, mint chip, peanut butter, pistachio, strawberry, vanilla, fudge brownie, raspberry, coffee hazelnut, and salted caramel.

Vegan Ice Cream Market Trends:
The emerging trend of veganism on account of the rising health consciousness and increasing awareness among the masses about cruelty against animals represents one of the key factors bolstering the market growth. This can also be attributed to shifting individual preferences towards plant-based diets and animal-free, ready-to-eat (RTE) products. Apart from this, the growing lactose-intolerance population worldwide, in confluence with inflating per capita income levels, is catalyzing the demand for premium vegan ice cream in exotic flavors like lemon poppy seed, pink champagne, and chai tea coconut. In addition, key players operating in the industry are introducing innovative vegan ice cream variants, such as gluten-free cones, made using natural ingredients and without emulsifiers, artificial colors, and stabilizers. Furthermore, these players are also investing extensively in endorsements by celebrities and athletes and focusing on promoting their products through social media platforms and online retail channels to expand their global consumer base. This, along with the thriving e-commerce industry and numerous initiatives undertaken by non-government organizations (NGOs) to encourage the uptake of vegan food products, is anticipated to offer lucrative growth opportunities to industry investors.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global vegan ice cream market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on source, flavor, sales type and distribution channel.

Breakup by Source:

Coconut Milk
Soy Milk
Almond Milk
Cashew Milk

Breakup by Flavor:

Chocolate
Caramel
Coconut
Vanilla
Coffee
Fruit

Breakup by Sales Type:

Impulse
Take Home
Artisanal

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Convenience Stores
Online Stores
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arctic Zero, Booja-Booja, Double Rainbow Ice Cream, HappyCow, Morrisons, NadaMoo!, Over The MOO, Perry's Ice Cream, SorBabes, Tofutti Brands Inc., Unilever PLC and Van Leeuwen Ice Cream.

Key Questions Answered in This Report

1. What was the size of the global vegan ice cream market in 2022?
2. What is the expected growth rate of the global vegan ice cream market during 2023-2028?
3. What are the key factors driving the global vegan ice cream market?
4. What has been the impact of COVID-19 on the global vegan ice cream market?
5. What is the breakup of the global vegan ice cream market based on the source?
6. What is the breakup of the global vegan ice cream market based on the flavor?
7. What is the breakup of the global vegan ice cream market based on the sales type?
8. What is the breakup of the global vegan ice cream market based on the distribution channel?
9. What are the key regions in the global vegan ice cream market?
10. Who are the key players/companies in the global vegan ice cream market?

1 Preface
2 Scope and Methodology: 2.1 Objectives of the Study; 2.2 Stakeholders; 2.3 Data Sources; 2.3.1 Primary Sources; 2.3.2 Secondary Sources; 2.4 Market Estimation; 2.4.1 Bottom-Up Approach; 2.4.2 Top-Down Approach; 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction: 4.1 Overview; 4.2 Key Industry Trends
5 Global Vegan Ice Cream Market: 5.1 Market Overview; 5.2 Market Performance; 5.3 Impact of COVID-19; 5.4 Market Forecast
6 Market Breakup by Source: 6.1 Coconut Milk; 6.1.1 Market Trends; 6.1.2 Market Forecast; 6.2 Soy Milk; 6.2.1 Market Trends; 6.2.2 Market Forecast; 6.3 Almond Milk; 6.3.1 Market Trends; 6.3.2 Market Forecast; 6.4 Cashew Milk; 6.4.1 Market Trends; 6.4.2 Market Forecast
7 Market Breakup by Flavor: 7.1 Chocolate; 7.1.1 Market Trends; 7.1.2 Market Forecast; 7.2 Caramel; 7.2.1 Market Trends; 7.2.2 Market Forecast; 7.3 Coconut; 7.3.1 Market Trends; 7.3.2 Market Forecast; 7.4 Vanilla; 7.4.1 Market Trends; 7.4.2 Market Forecast; 7.5 Coffee; 7.5.1 Market Trends; 7.5.2 Market Forecast; 7.6 Fruit; 7.6.1 Market Trends; 7.6.2 Market Forecast
8 Market Breakup by Sales Type: 8.1 Impulse; 8.1.1 Market Trends; 8.1.2 Market Forecast; 8.2 Take Home; 8.2.1 Market Trends; 8.2.2 Market Forecast; 8.3 Artisanal; 8.3.1 Market Trends; 8.3.2 Market Forecast
9 Market Breakup by Distribution Channel: 9.1 Supermarkets and Hypermarkets; 9.1.1 Market Trends; 9.1.2 Market Forecast; 9.2 Convenience Stores; 9.2.1 Market Trends; 9.2.2 Market Forecast; 9.3 Online Stores; 9.3.1 Market Trends; 9.3.2 Market Forecast; 9.4 Others; 9.4.1 Market Trends; 9.4.2 Market Forecast
10 Market Breakup by Region: 10.1 North America; 10.1.1 United States; 10.1.1.1 Market Trends; 10.1.1.2 Market Forecast; 10.1.2 Canada; 10.1.2.1 Market Trends; 10.1.2.2 Market Forecast; 10.2 Asia-Pacific; 10.2.1 China; 10.2.1.1 Market Trends; 10.2.1.2 Market Forecast; 10.2.2 Japan; 10.2.2.1 Market Trends; 10.2.2.2 Market Forecast; 10.2.3 India; 10.2.3.1 Market Trends; 10.2.3.2 Market Forecast; 10.2.4 South Korea; 10.2.4.1 Market Trends; 10.2.4.2 Market Forecast; 10.2.5 Australia; 10.2.5.1 Market Trends; 10.2.5.2 Market Forecast; 10.2.6 Indonesia; 10.2.6.1 Market Trends; 10.2.6.2 Market Forecast; 10.2.7 Others; 10.2.7.1 Market Trends; 10.2.7.2 Market Forecast; 10.3 Europe; 10.3.1 Germany; 10.3.1.1 Market Trends; 10.3.1.2 Market Forecast; 10.3.2 France; 10.3.2.1 Market Trends; 10.3.2.2 Market Forecast; 10.3.3 United Kingdom; 10.3.3.1 Market Trends; 10.3.3.2 Market Forecast; 10.3.4 Italy; 10.3.4.1 Market Trends; 10.3.4.2 Market Forecast; 10.3.5 Spain; 10.3.5.1 Market Trends; 10.3.5.2 Market Forecast; 10.3.6 Russia; 10.3.6.1 Market Trends; 10.3.6.2 Market Forecast; 10.3.7 Others; 10.3.7.1 Market Trends; 10.3.7.2 Market Forecast; 10.4 Latin America; 10.4.1 Brazil; 10.4.1.1 Market Trends; 10.4.1.2 Market Forecast; 10.4.2 Mexico; 10.4.2.1 Market Trends; 10.4.2.2 Market Forecast; 10.4.3 Others; 10.4.3.1 Market Trends; 10.4.3.2 Market Forecast; 10.5 Middle East and Africa; 10.5.1 Market Trends; 10.5.2 Market Breakup by Country; 10.5.3 Market Forecast
11 SWOT Analysis: 11.1 Overview; 11.2 Strengths; 11.3 Weaknesses; 11.4 Opportunities; 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis: 13.1 Overview; 13.2 Bargaining Power of Buyers; 13.3 Bargaining Power of Suppliers; 13.4 Degree of Competition; 13.5 Threat of New Entrants; 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape: 15.1 Market Structure; 15.2 Key Players; 15.3 Profiles of Key Players; 15.3.1 Arctic Zero; 15.3.1.1 Company Overview; 15.3.1.2 Product Portfolio; 15.3.2 Booja-Booja; 15.3.2.1 Company Overview; 15.3.2.2 Product Portfolio; 15.3.3 Double Rainbow Ice Cream; 15.3.3.1 Company Overview; 15.3.3.2 Product Portfolio; 15.3.4 HappyCow; 15.3.4.1 Company Overview; 15.3.4.2 Product Portfolio; 15.3.5 Morrisons; 15.3.5.1 Company Overview; 15.3.5.2 Product Portfolio; 15.3.5.3 SWOT Analysis; 15.3.6 NadaMoo!; 15.3.6.1 Company Overview; 15.3.6.2 Product Portfolio; 15.3.7 Over The MOO; 15.3.7.1 Company Overview; 15.3.7.2 Product Portfolio; 15.3.8 Perry's Ice Cream; 15.3.8.1 Company Overview; 15.3.8.2 Product Portfolio; 15.3.9 SorBabes; 15.3.9.1 Company Overview; 15.3.9.2 Product Portfolio; 15.3.10 Tofutti Brands Inc.; 15.3.10.1 Company Overview; 15.3.10.2 Product Portfolio; 15.3.10.3 Financials; 15.3.11 Unilever PLC; 15.3.11.1 Company Overview; 15.3.11.2 Product Portfolio; 15.3.11.3 Financials; 15.3.12 Van Leeuwen Ice Cream; 15.3.12.1 Company Overview; 15.3.12.2 Product Portfolio

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