Written by Rana Ali• September 11, 2024• 11:12 am• Business

Vegan Ice Cream Market Size and Growth Forecast Report 2024-2032

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Global Vegan Ice Cream Market Analysis

The global vegan ice cream market is anticipated to escalate to US$1,056.71 million by 2032, rising from US$704.97 million in 2023, at a steady CAGR of 4.60 percent from 2024 to 2032.

Vegan Ice Cream Market Table of Content and Sample Download: https://www.renub.com/vegan-ice-cream-market-p.php

Vegan Ice Cream Industry Overview

Vegan ice cream, a delectable plant-based frozen dessert, not only satisfies dietary preferences but also offers a sumptuous indulgence that aligns with vegan principles. This dairy-free alternative employs bases like coconut milk, almond milk, or soy milk, catering to vegans and those with lactose intolerance or dairy allergies. The luxurious, creamy texture of vegan ice cream is achieved through a meticulous blend of non-dairy fats and sweeteners. For instance, coconut cream, with its high-fat content and thick consistency, closely mimics the creamy richness of traditional dairy ice cream. Despite lacking dairy, vegan ice cream aims to replicate the indulgent experience of conventional ice cream, providing a guilt-free treat for a broad audience seeking dairy-free options without compromising on taste or pleasure. Moreover, choosing vegan ice cream positively impacts both personal health and environmental sustainability, contributing to a greener future.

Flavor and Ingredient Innovations Drive the Market

The vegan ice cream industry is thriving, fueled by a surge in innovative flavors and ingredients. Traditional dairy alternatives like almond, soy, and coconut milk are now accompanied by oat, cashew, and hemp bases, offering diverse textures and flavors. Unique varieties such as matcha green tea, lavender honey, turmeric chai, and reinvented classics appeal to discerning palates. Natural sweeteners like agave and coconut sugar enhance flavor while retaining health benefits. Additionally, the inclusion of superfoods and unique additives such as spirulina and adaptogens enriches the nutritional profile, attracting health-conscious consumers. This continuous innovation is driving market growth, attracting not only vegans but also individuals seeking healthier, ethical dessert options. In February 2024, Magnum expanded its plant-based range with the launch of vegan Blueberry Cookie Ice Cream with Sorbet Centre.

Rising Dairy Allergies and Lactose Intolerance Boost Demand

The increasing prevalence of dairy allergies and lactose intolerance is propelling the demand for vegan ice cream. This shift towards plant-based alternatives, including non-dairy milk (e.g., almond, coconut, oat milk) and ice cream, is driven by heightened consumer awareness about health and wellness. Retailers and manufacturers are expanding their vegan ice cream offerings to cater to diverse consumer preferences. This trend not only addresses dietary restrictions but also appeals to a broader audience seeking healthier, environmentally friendly options. In October 2023, Michelin Star pastry chef Olivia Green’s ‘Crème de la Crop,’ a new vegan ice cream shop, received a national award from PETA, further highlighting the health benefits of vegan ice cream.

Obesity Concerns Spur Market Growth

The rising incidence of obesity-related diseases such as diabetes and cardiovascular conditions is leading to increased demand for vegan ice cream. Projected obesity rates worldwide are expected to climb by 2030, particularly in affluent regions like North America and Western Europe, where unhealthy eating habits and physical inactivity are prevalent. Consequently, there is a growing demand for vegetarian food products, with many Americans opting for plant-based meat substitutes over traditional meat. This shift in consumer preferences is contributing to the expansion of the global vegan ice cream market.

Asia-Pacific Vegan Ice Cream Market

The Asia-Pacific vegan ice cream market is burgeoning due to rising disposable incomes and a preference for high-quality products. Increasing demand for ice cream and frozen desserts, particularly in countries like India, Japan, New Zealand, and China, is driving market growth. In China, changing dietary habits, rising disposable incomes, and a growing middle-class population are the primary drivers. The increase in per capita disposable income and the expanding middle-income group in China present opportunities for developing premium and artisanal ice cream brands. Japanese consumers enjoy traditional flavors like matcha, black sesame, and cherry blossom, along with adventurous options such as squid ink and wasabi. Manufacturers continually introduce new and unique flavors to cater to diverse preferences. In March 2024, Eclipse Foods launched its plant-based ice cream in Japan as “eclipseco,” featuring flavors like Cookie Butter Crumble, Classic Chocolate, and Mango Passion Fruit, now available at Family Mart stores in Tokyo. Kaori Onguchi, the company’s country manager for Japan, regards this as a significant milestone and just the beginning of their journey in Japan.

Vegan Ice Cream Company Analysis

Leading players in the vegan ice cream market include Unilever PLC, Tofutti Brands Inc., Van Leeuwen Ice Cream, SorBabes, Perry’s Ice Cream, NadaMoo!, Over The MOO, Morrisons, HappyCow, and Double Rainbow Ice Cream.

Recent Developments in the Vegan Ice Cream Market

May 2024: Over The Moo introduced a new chocolate flavor to its coconut-based ice cream treats in the UK.

December 2023: Salt & Straw reintroduced its Dairy Free Decadence Series, featuring five vegan ice cream flavors for a limited time, available in-store and online.

May 2023: Häagen-Dazs launched a new line of plant-based frozen treats in London, Ontario, with oat-based products approved as vegan.

Relate Reports

Ice Cream Market: https://www.renub.com/ice-cream-market-p.php

Europe Ice Cream Market: https://www.renub.com/europe-ice-cream-market-p.php

China Ice Cream Market: https://www.renub.com/china-ice-cream-market-p.php

United States Ice Cream Market: https://www.renub.com/united-states-ice-cream-market-p.php

Source– Global Vegan Ice Cream Market

Coconut Milk
Soy Milk
Almond Milk
Cashew Milk

Flavor– Global Vegan Ice Cream Market

Chocolate
Caramel
Coconut
Vanilla
Coffee
Fruit

Sales Type– Global Vegan Ice Cream Market

Impulse
Take Home
Artisanal

Distribution Channel– Global Vegan Ice Cream Market

Supermarkets and Hypermarkets
Convenience Stores
Online Stores
Others

Country – Market break up in 25 viewpoints

North America

United States
Canada

Europe

France
Germany
Italy
Spain
United Kingdom
Belgium
Netherlands
Turkey

Asia Pacific

China
Japan
India
Australia
South Korea
Thailand
Malaysia
Indonesia
New Zealand

Latin America

Brazil
Mexico
Argentina

Middle East & Africa

South Africa
Saudi Arabia
UAE

Company is breakup into 3 viewpoints

Overview
Recent Development & Strategies
Financial Insight

Company

Unilever PLC
Tofutti Brands Inc.
Van Leeuwen Ice Cream
SorBabes
Perry’s Ice Cream
NadaMoo!
Over The MOO
Morrisons
HappyCow
Double Rainbow Ice Cream

About the Company:

Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 9000 syndicated reports and worked on more than 750 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.