Global Vegan Ice Cream Market Report (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts

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Jun 30, 2022, 15:30 ET

DUBLIN, June 30, 2022 /PRNewswire/ -- The "Vegan Ice Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering

The global vegan ice cream market reached a value of US$ 592.8 million in 2021. Looking forward, the market is projected to reach a value of US$ 833.8 million by 2027, exhibiting a CAGR of 5.45% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.

Vegan ice cream is prepared with soy, cashew, almond, coconut or other plant-based milk. It contains substantial amounts of fat and delivers delicious flavor and rich creaminess like conventional variants. It is widely available in numerous varieties, including pint-sized containers, ice cream sandwiches, drumsticks, and fudge bars. At present, market players are offering innovative flavors of vegan ice cream, including dark chocolate, almond sea salt, cherry cashew, mint chip, peanut butter, pistachio, strawberry, vanilla, fudge brownie, raspberry, coffee hazelnut, and salted caramel.

The emerging trend of veganism on account of the rising health consciousness and increasing awareness among the masses about cruelty against animals represents one of the key factors bolstering the market growth. This can also be attributed to shifting individual preferences towards plant-based diets and animal-free, ready-to-eat (RTE) products.

Apart from this, the growing lactose-intolerance population worldwide, in confluence with inflating per capita income levels, is catalyzing the demand for premium vegan ice cream in exotic flavors like lemon poppy seed, pink champagne, and chai tea coconut. In addition, key players operating in the industry are introducing innovative vegan ice cream variants, such as gluten-free cones, made using natural ingredients and without emulsifiers, artificial colors, and stabilizers.

Furthermore, these players are also investing extensively in endorsements by celebrities and athletes and focusing on promoting their products through social media platforms and online retail channels to expand their global consumer base. This, along with the thriving e-commerce industry and numerous initiatives undertaken by non-government organizations (NGOs) to encourage the uptake of vegan food products, is anticipated to offer lucrative growth opportunities to industry investors.

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Arctic Zero, Booja-Booja, Double Rainbow Ice Cream, HappyCow, Morrisons, NadaMoo!, Over The MOO, Perry's Ice Cream, SorBabes, Tofutti Brands Inc., Unilever PLC and Van Leeuwen Ice Cream.

Key Questions Answered in This Report

How has the global vegan ice cream market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global vegan ice cream market?
What are the key regional markets?
What is the breakup of the market based on the source?
What is the breakup of the market based on the flavor?
What is the breakup of the market based on the sales type?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global vegan ice cream market and who are the key players?
What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Vegan Ice Cream Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Source
6.1 Coconut Milk
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Soy Milk
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Almond Milk
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Cashew Milk
6.4.1 Market Trends
6.4.2 Market Forecast

7 Market Breakup by Flavor
7.1 Chocolate
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Caramel
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Coconut
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Vanilla
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Coffee
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Fruit
7.6.1 Market Trends
7.6.2 Market Forecast

8 Market Breakup by Sales Type
8.1 Impulse
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Take Home
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Artisanal
8.3.1 Market Trends
8.3.2 Market Forecast

9 Market Breakup by Distribution Channel
9.1 Supermarkets and Hypermarkets
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Convenience Stores
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Online Stores
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Arctic Zero
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Booja-Booja
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Double Rainbow Ice Cream
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 HappyCow
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Morrisons
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 SWOT Analysis
15.3.6 NadaMoo!
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Over The MOO
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Perry's Ice Cream
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 SorBabes
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Tofutti Brands Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Unilever PLC
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 Van Leeuwen Ice Cream
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio