Global vegan ice cream is estimated to record a substantial CAGR of 8.5% during the forecast period (2020-2026). The global vegan ice cream is on an all-time high as the global vegan population has continued to increase. The past few years have witnessed a skyrocketing increase in the shelves of supermarkets/hypermarkets with vegan ice cream. More and more convenience store chains are seeking to tap into the area of vegan ice cream through business-to-business e-commerce with an increasing digital wholesale marketplace. The boom of urbanization has played a significant role in the acceleration of the vegan ice cream market. As projected by the UN (United Nations), around 68% of the global population is expected to live in urban areas against 55% in 2018, which would increase the exposure of veganism. Increasing urbanization is one of the key factors that foretell the potential of the global vegan ice cream market.
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According to Orion’s estimation, the vegan ice cream market is expected to witness record-breaking growth in not only the developing nations but in developed countries as well, in the coming years. The industry is anticipated to be one of the fastest-growing in the overall food and beverage sector. Customers are increasingly asking for non-dairy, healthy food products that set the tone for the vegan ice cream market, globally.
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Market Coverage
• Market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- by Product and Distribution Channel
• Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
• Competitive Landscape- Unilever Group, Danone S.A., Wells Enterprises, Inc., General Mills, Inc., and NADAMOO! (Little Red Rooster Ice Cream Company).
Key questions addressed by the report
• What is the market growth rate?
• Which segment/region dominates the market in base year?
• Which segment/region will project fastest growth in the market?
• How COVID-19 impacted the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Vegan Ice Cream Market Report Segment
By Source
• Almond Milk
• Cashew Milk
• Coconut Milk
• Soy Milk
• Others (Oat Milk, Rice Milk)
By Flavor
• Caramel
• Chocolate
• Coconut
• Coffee
• Fruit
• Vanilla
• Others
By Distribution Channel
• Convenience Stores
• Supermarkets/Hypermarkets
• Online Stores
Global Vegan Ice Cream Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Alden’s Organic (Oregon Ice Cream)
• Arctic Zero, Inc.
• Beyond Better Foods, LLC (Enlightened)
• Bliss Unlimited, LLC
• Coolhaus
• Danone S.A.
• Double Rainbow Ice Creams, Inc.
• General Mills, Inc. (Häagen-Dazs)
• Happy Cow,Ltd.
• NADAMOO! (Little Red Rooster Ice Cream Company)
• O’MY Foods, LLC
• Oatly AB
• Over The Moo Pty, Ltd.
• Papacream
• Perry's Ice Cream
• Target Brands, Inc.
• The Booja-Booja Company
• The Hain Celestial Group
• Wells Enterprises, Inc.
• Wonderlab Doozy, Inc.
• Unilever Group
• Veganarke Enterprises Pvt. Ltd.
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