Global Dairy-free Ice Creams Market Report and Forecast 2024-2032

Global Dairy-free Ice Creams Market Outlook

The global dairy-free ice creams market reached a value of about USD 856.89 million in 2023. The industry is further estimated to grow at a CAGR of 13.6% in the forecast period of 2024-2032 to reach a value of around USD 2,699.70 million by 2032.

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Thriving Hypermarkets and Supermarkets and Online Stores to Propel the Market Growth of Dairy-free Ice Creams

Based on distribution channels, hypermarkets and supermarkets, and online stores are driving the market growth of dairy-free ice creams. The growing sales of dairy-free ice creams in these channels can be attributed to the expanding middle-class population and their demands for healthy convenience foods such as ice creams. In addition, the growing preference of consumers for dairy-free ingredients is leading to the market expansion of dairy-free ice creams. Moreover, the easy availability of the product in the supermarket/hypermarkets is significantly catalysing the market development. Also, the emergence of e-commerce and various online platforms are providing impetus to the expansion of the market. Further, the introduction of new marketing strategies by the branded market players in promoting their quality dairy-free ice creams is augmenting the market for dairy-free ice creams.

North America to Account for a Substantial Share in the Dairy-free Ice Creams Market

The rising inclination of consumers towards vegan ice creams owing to the health benefits of dairy alternatives is accelerating the market development of dairy-free ice creams. In addition, the growing popularity of plant-based food products among the population and the strong foothold of leading industry players are providing impetus to the market expansion of dairy-free ice creams.

Dairy-free Ice Creams: Market Segmentation

The dairy-free ice creams are vegan ice creams that substitute regular milk with plant-based milk, such as almond milk, soy milk, and coconut milk, among others. The production of dairy-free ice creams includes mixing of ingredients, homogenisation of ingredients, and pasteurisation.

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The market for dairy-free ice creams, by source, is divided into:

• Coconut Milk
• Soy Milk
• Almond Milk
• Cashew milk
• Others

Based on flavour, the market is segmented into:

• Chocolate
• Vanilla
• Strawberry
• Neapolitan
• Cookies and Cream
• Mint Choco-Chip
• Caramel
• Others

On the basis of distribution channel, the market is classified into:

• Hypermarkets and Supermarkets
• Convenience Stores
• Online
• Others

Based on product, the market is divided into:

• Impulse
• Take Home
• Artisanal

On the basis of form, the market is bifurcated into:

• Singles
• Blends

The regional markets for dairy-free ice creams can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Health Consciousness and Increasing Cases of Lactose Intolerance to Drive the Market Growth of Dairy-free Ice Creams

The increasing demand for plant-based desserts owing to the rising health consciousness, changing consumer behaviour, and religious beliefs is leading to the steady growth of the market for dairy-free ice creams. In addition, the prevalence of lactose intolerance conditions worldwide is significantly catalysing the development of the market. About 60 per cent of the world’s population is unable to consume animal milk due to lactose intolerance. Moreover, dairy-free ice creams are widely consumed by people who care for the environment as fewer animals are exploited during the production and processing of the product. Also, less greenhouse gases are emitted during dairy-free milk production, so it is environmentally responsible. Further, the initiatives of the manufacturers in offering dairy-free ice creams of diversified flavours and ingredients are anticipated to impel the market in the forecast period.

Key Industry Players in the Global Dairy-free Ice Creams Market

The report gives a detailed analysis of the following key players in the global dairy-free ice creams market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Arctic Zero, Inc.
• Unilever PLC
• Perry’s Ice Cream Co., Inc.
• SorBabes
• Over The Moo
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report