Global Sugar-Free Ice Cream Market Report and Forecast 2024-2032

Global Sugar-Free Ice Cream Market Outlook

The global sugar-free ice cream market size reached approximately USD 3.42 billion in 2023. The market is assessed to grow at a CAGR of 8.9% between 2024 and 2032 to attain a value of around USD 7.40 billion by 2032.

Key Trends in the Market

Sugar-free ice cream refers to ice cream that is typically made from substitutes of sugar such as sugar alcohol and aspartame, among others. It functions as a healthy alternative to conventional ice cream and enjoys substantial popularity among health health-conscious and diabetic populations and children with poor dental health.

• The growing health consciousness and the increasing prevalence of health issues like diabetes, hypertension, and obesity are key sugar-free ice cream market trends. Sugar-free ice cream is available in diverse flavours, hence it is widely used as a healthy mood lifter, dessert, and delicious treat.

• There is a surging incorporation of natural sweeteners such as cocoa and fruits to reduce sugar content and calories in ice creams. Moreover, the increasing usage of sweeteners such as xylitol, stevia, sucralose, and fructose oligosaccharide which is beneficial for gut health is further aiding the sugar-free ice cream market growth.

• With the rising demand for products with low carbohydrate content, keto, and front-on-pack calorie claims among the health-conscious population, the preference for sugar-free ice cream is surging. Besides, the increasing launches of diabetes-conscious and keto-friendly ice cream by key players are propelling the sugar-free ice cream market demand.

Market Analysis

Based on type, the market is segmented into chocolate, vanilla, mint chip, strawberry, salted caramel, coffee, and peanut butter, among others. On the basis of form, the sugar-free ice cream market segmentation includes bar/stick, pints, and sandwich, among others.

By end use, the market is bifurcated into business to business (B2B) and business to consumer (B2C). The market, based on sales channel, includes supermarkets and hypermarkets, convenience stores, speciality stores, and online sales channel. The major regional markets for sugar-free ice cream include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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. The report gives a detailed analysis of the following key players in the global sugar-free ice cream market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Beyond Better Foods, LLC (Enlightened) 

• Turkey Hill Dairy

• Vadilal Industries Ltd. 

• Hershey Creamery Co. 

• Mammoth Creameries 

• Wells Enterprises, Inc. 

• Graviss Foods Pvt Ltd. (Baskin Robbins) 

• Froneri International Limited (Dreyer’s) 

• Devyani Food Industries Pvt. Ltd. (Creambell) 

• Gujarat Co-operative Milk Marketing Federation Ltd. 

• Others

Market Share by Type

As per the sugar-free ice cream market analysis, chocolate sugar-free ice cream enjoys substantial popularity. Chocolate offers various health benefits and is known to improve cardiovascular health and protect bones. Chocolate also triggers the release of serotonin and endorphins in the brain, which further bolsters the popularity of sugar-free chocolate ice cream.

Moreover, the increasing launch of sugar-free chocolate ice cream by key players is positively impacting the segment’s growth.

Market Share by Region

North America represents a significant portion of the sugar-free ice cream market share due to the growing demand for healthy indulgence in the region. The rising health-consciousness in the region is also pushing customers to choose ice creams made using natural ingredients, including sweeteners. Moreover, flavour innovations and the increasing demand for unique flavour experiences are expected to surge the usage of fruit such as cacao fruit and banana as sweetening agents in the region.

Competitive Landscape

Turkey Hill Dairy, headquartered in Pennsylvania, the United States, has established its position as a leading premium ice cream seller. It is also a prominent manufacturer and marketer of refrigerator iced tea in the United States. Founded in 1931, the company aims to reduce packaging, minimise waste, and lower environmental impacts.

Devyani Food Industries Pvt. Ltd. (Creambell), founded in 1991, is a renowned operator of quick-service restaurants (QSRs) in India. It has a diverse portfolio of iconic brands and in-house creations such as Vaango! And Costa Coffee. It operates more than 1,243 stores across brands in over 240 cities across Nigeria, India, and Nepal.

Hershey Creamery Co., established in 1894, offers high-quality and innovative ice creams and other novelty items. Since its inception, it has aimed to create innovative products using high-quality ingredients. It serves colleges, schools, parlours, and C-stores at more than 33,000 locations. The company has committed to sustainability and its production plant uses environmentally-friendly methods and ammonia for refrigeration.

Other sugar-free ice cream market players include Beyond Better Foods, LLC (Enlightened), Vadilal Industries Ltd., Mammoth Creameries, Graviss Foods Pvt Ltd. (Baskin Robbins), Wells Enterprises, Inc., Froneri International Limited (Dreyer’s), and Gujarat Co-operative Milk Marketing Federation Ltd., among others.

Key Highlights of the Report