Know More About “Dairy-Free Ice Cream Market 2019-2025” Growth Worldwide…..|Grand View Research, Inc.


The global dairy-free ice cream market size is expected to reach USD 1.2 billion by 2025, expanding at a CAGR of 14.8% in the forecast period, according to a new report by Grand View Research, Inc. Increasing awareness about health issues due to lactose present in the milk is propelling the demand for vegan ice cream.
Coconut is a major source for the production of vegan ice cream and it accounted for 37.4% share of the overall revenue in 2018. Easy availability and increasing consumer demand are expected to fuel the demand for coconut milk in vegan ice cream market in the forecast period. Almond milk is the fastest growing segment among all the sources, expanding at a CAGR of 15.8% in the forecast period. Nutritional benefits of almond milk are the key factor responsible for the segment growth in vegan ice cream market.
Non-dairy ice cream is found in various flavors in the market. Chocolate is the most preferred flavor among consumers and it accounted for 36% share of the overall revenue in 2018. Rising demand for chocolate chips among consumers is the key factor for the segment growth in non-dairy ice cream market.
The market presents moderate to low entry barriers for the new entrants. Key players operating in the market are General Mills, Inc.; Uniliver; Booja-Booja; Tofutti brands, Inc.; and Bliss Unlimited, LLC. 
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Rapid increase in commercialization, along with growing plant based milk production, is a key factor propelling the demand in non-dairy ice cream market. Product innovation for enhancing taste and technological advancements in the industry provide a positive perspective to the market.
Multiple product launches with different taste and preferences will act as a stimulant for the market in the forecast period. For instance, apart from its existing flavors, Ben & Jerry’s come up with various other flavors, particularly for U.K. Increasing number of distribution channels owing to penetration of various MNC’s in the market will propel the overall sales volume of the product.
Further key findings from the study suggest:
  • In terms of revenue, supermarket/hypermarket distribution channel is projected to expand at a CAGR of 15.1% over the forecast period
  • Coconut is the most preferred source in the market due to its compatibility, easy availability, and increasing consumer demand
  • Almond milk is the fastest growing source for the production due to increasing awareness about health and nutritional benefits of almond.
However, harmful effects of the source by which such ice creams are made may hamper the growth of vegan ice cream market in the long term. For instance, high consumption of almond milk leads to discomfort and bloating, and can eventually reduce food intake. Another restraining factor in the market can be variation of nutritional content in the products. Although, majority of the population is shifting towards plant based ice creams instead of dairy ice creams due to aforementioned factors. This will, in turn, negate the effect of the restraining factors and will lead the dairy-free ice cream market to the positive side.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-dairy-free-ice-cream-market
Grand View Research has segmented the global Dairy-Free ice cream market on the basis of source, flavor, distribution channel:
Dairy-Free Ice Cream Source Outlook (Revenue, USD Million, 2015 - 2025)
  • Coconut
  • Almond
  • Soy
Dairy-Free Ice Cream Flavor Outlook (Revenue, USD Million, 2015 - 2025)
  • Chocolate
  • Vanilla
  • Strawberry
Dairy-Free Ice Cream Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
  • Supermarket/Hypermarket
  • Convenience Stores
  • Online
On the basis of source, the market is segmented into coconut milk, almond milk, and soy milk. Coconut milk dominated the market with a share of 37.4% in 2018. Easy availability, low cost, and ease in processing are the key factors boosting the growth of the segment. It is the most commonly used source by many brands due to its high consumer demand. In vegan ice cream market, Almond milk is found to be the fastest growing source for the production, expanding at a CAGR of 15.8% over the forecast period. Consumption of almond milk for producing vegan products, especially in North America, will propel the market demand.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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