The European vegan ice cream market is anticipated to at a CAGR of 7.5% during the forecast period. The food culture in Europe is turning more and more vegan increasingly. Finding vegetarian and vegan options is becoming easier in Europe, with increasing consumption of vegan ice cream. The number of vegan populations in Europe is on a significant rise, contributing substantially to the growth of the vegan ice cream market in the region. Much of the vegan population in Europe sees veganism as a lifestyle choice, rather than just dietary restrictions. A significant rise in desired wellness caused changes in customer diets, supporting the growth of veganism among the European population, that is ever more concerned for the environment, animal welfare, and in particular, their health. The increase in the number of shops and commercial sales area has also contributed to the growth of the European vegan ice cream market.
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The European vegan ice cream market is segmented on the basis of source, flavor, and distribution channel. Based on the source, the vegan ice cream market is segmented into almond milk, cashew milk, coconut milk, soy milk, and others (oat milk, rice milk). Based on flavor, the market is classified into caramel, chocolate, coconut, coffee, fruit, vanilla, and others. Based on the distribution channel, the market is segmented into convenience stores, supermarkets/hypermarkets, and online stores. The e-commerce market is still on a nascent phase and reflecting exceptional growth prospect in the years to come with key players such as Tesco PLC and Unilever are focusing on their expansion of the e-commerce vegan products space.
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Country-wise, the market is analyzed based on the UK, Germany, France, Italy, Spain, and Rest of Europe. Germany is dominating the market in Europe with a substantial rise in vegetarian and vegan populations. According to the US FDA, around 70 percent of the country’s households seek a greater range of vegetarian and vegan products in conventional retailing space, making it a lucrative market for vegan ice cream vendors. The UK is estimated to hold the highest potential in terms of growth rate, with the country maintaining its high retail market share and in particular, rising veganism.
In Europe, a large number of food and beverage giants have entered the market in the last few years owing to an elevating veganism trend. Some of the key brands running the European vegan ice cream market include Danone S.A., Froneri International, Ltd., Marks and Spencer Group PLC, Oatly AB, Tesco PLC, The Hain Celestial Group, and Unilever Group
Market Segmentation
European Vegan Ice Cream Industry Market by Source
• Almond Milk
• Cashew Milk
• Coconut Milk
• Soy Milk
• Others (Oat Milk, Rice Milk)
European Vegan Ice Cream Market by Flavor
• Caramel
• Chocolate
• Coconut
• Coffee
• Fruit
• Vanilla
• Others
European Vegan Ice Cream Market by Distribution Channel
• Convenience Stores
• Supermarkets/Hypermarkets
• Online Stores
Regional Analysis
• UK
• Germany
• France
• Italy
• Spain
• Rest of European
Company Profiles
• Alpro, Ltd.
• Danone S.A.
• Froneri International, Ltd.
• General Mills, Inc. (Häagen-Dazs)
• Marks and Spencer Group PLC
• Northern Bloc, Ltd.
• Oatly AB
• Tesco PLC
• The Coconut Collaborative, Ltd.
• The Hain Celestial Group
• Unilever Group
• Valsoia SpA
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