Plant-based ice creams are frozen desserts that are made without any animal-derived ingredients. Traditional ice cream typically contains dairy products like milk and cream, as well as eggs. Plant-based ice creams, on the other hand, use plant-based alternatives to create a creamy and delicious frozen treat.
The plant-based ice creams market is a rapidly growing segment within the broader ice cream industry, catering to consumers seeking dairy-free, vegan-friendly alternatives to traditional ice cream products. Plant-based ice creams are made from non-dairy ingredients such as almond milk, coconut milk, soy milk, and cashew milk, offering a creamy and indulgent treat without the use of animal-derived ingredients. With the increasing awareness of health and sustainability concerns, coupled with rising lactose intolerance and vegan dietary preferences, the demand for plant-based ice creams is on the rise globally. The market offers a diverse range of flavors, formulations, and packaging options to cater to various consumer preferences and dietary requirements.
Key Players Covered In This Report:
Ben Jerry's (United States),Häagen-Dazs (United States),So Delicious Dairy Free (United States),Alpro (Belgium),NadaMoo! (United States),Oatly (Sweden),Coconut Bliss (United States),Perfect Day (United States),Nush Foods (United Kingdom),Van Leeuwen (United States),Nobó (Ireland),Daiya Foods (Canada),Booja-Booja (United Kingdom),Eclipse Foods (United States),Tofutti Brands Inc. (United States),Arctic Zero (United States),Three Twins Ice Cream (United States),Dream (United States),Talenti (United States),Revelé (United States),Oat Mill (Canada),Sweet Ritual (United States),Frankie Jo's (United States),Oat of the Ordinary (United States),Mister Dewie's (United States).
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Market Driver:
One significant driver in the plant-based ice creams market is the growing consumer interest in health and wellness, coupled with concerns about environmental sustainability and animal welfare. As consumers become more conscious of their dietary choices and seek healthier alternatives to traditional dairy products, there is a rising demand for plant-based ice creams made from natural and wholesome ingredients. Plant-based ice creams offer a lower calorie and fat content compared to dairy-based counterparts, making them appealing to health-conscious consumers. Additionally, the environmental impact of dairy production, including greenhouse gas emissions and water usage, has led many consumers to opt for plant-based alternatives as a more sustainable choice.
Market Opportunity:
An emerging market opportunity lies in the expansion of plant-based ice creams into new distribution channels and geographic regions. While plant-based ice creams have gained popularity in health food stores, specialty retailers, and vegan cafes, there is potential for market penetration into mainstream supermarkets, convenience stores, and online platforms. Manufacturers have the opportunity to collaborate with retailers and distributors to increase market visibility and availability of plant-based ice creams to a broader consumer base. Furthermore, expansion into emerging markets in Asia-Pacific, Latin America, and the Middle East offers opportunities to tap into growing consumer interest in plant-based foods and dairy alternatives.
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Market Segmentation
By Form
- Blends
- Singles
By Flavour
- Beans
- Nuts
- Fruits
- Herbs
By Packaging Type
- Tubs
- Cones
- Bars
By Source
- Coconut Milk
- Soy Milk
- Almond Milk
- Cashew Milk
By Distribution Channel
- Supermarkets and Hypermarkets
- Convenience stores
- Specialty stores
- Online retail
By Region:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
What Does The Report Include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Plant-Based Ice Cream market analysis.
- The competitive environment of current and potential participants in the Plant-Based Ice Cream market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Key Industry Developments in the Global Plant-based Ice Creams Market:
- In January 2023, Unilever, a major player in the traditional ice cream market, acquired Betty Ice, a Romanian ice cream producer. This move suggests Unilever's intention to strengthen its presence in the plant-based segment, leveraging Betty Ice's existing expertise.
- In December 2023, food giant ADM announced the acquisition of FDL, a UK-based developer and producer of premium flavor and functional ingredient systems. This indicates ADM's focus on building its capacity for innovative flavors, potentially catering to the evolving plant-based ice cream market.
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