global vegan ice cream market, vegan ice cream market size, vegan ice cream market share, vegan ice cream market trends, vegan ice cream market segments, vegan ice cream market insights
What is the current market size and future outlook for the vegan ice cream market?
The vegan ice cream market size has grown strongly in recent years. It will grow from $0.72 billion in 2024 to $0.78 billion in 2025 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to changing demographics, cultural diversity and dietary preferences, celebrity endorsements and influencers, and restaurant and dessert menu inclusions.
The vegan ice cream market size is expected to see strong growth in the next few years. It will grow to $1.07 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to government regulations, price competitiveness, allergen-free options, investment and marketing, and flavor diversity. Major trends in the forecast period include innovation in ingredients, product innovation, collaborations and partnerships, premiumization, functional ingredients, and innovative packaging.
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How has the vegan ice cream market evolved, and what factors have shaped its growth?
The growth in health awareness is expected to propel the growth of the vegan ice cream market going forward. The attention towards health is rising due to increased awareness about pressing health issues, such as obesity, smoking, mental health, and infectious diseases. Vegan ice cream promotes health awareness by offering a dairy-free alternative with potentially lower cholesterol and saturated fat content. Plant-based ingredients are perceived as healthier options, appealing to individuals who are conscious of their dietary choices and seek alternatives that align with their health goals. For instance, in May 2022, according to an online survey of 1,005 Americans aged, 18 to 80 conducted by the International Food Information Council, a US-based non-profit organization, 52% of food and health survey participants followed a specific diet or eating pattern, up from 39% in 2021. The most common diets or eating patterns this year include clean eating (16%), mindful eating (14%), calorie counting (13%), and plant-based eating (12%). Therefore, the growth in health awareness is driving the development of the vegan ice cream market.
What are the major segments of the vegan ice cream market?
The vegan ice cream market covered in this report is segmented –
1) By Source: Coconut Milk, Almond Milk, Cashew Milk, Soy Milk
2) By Product: Impulse, Artisanal, Take Home
3) By Form: Singles, Blends
4) By Flavor: Vanilla, Chocolate, Butter Pecan, Strawberry, Neapolitan, Cookies And Cream, Mint Chocolate Chip, Caramel
5) By Distribution Channel: Supermarkets, Convenience Stores, Food And Drink Specialists, Restaurants, Online Stores
Subsegments:
1) By Coconut Milk: Full-Fat Coconut Milk, Light Coconut Milk, Coconut Cream
2) By Almond Milk: Sweetened Almond Milk, Unsweetened Almond Milk, Flavored Almond Milk
3) By Cashew Milk: Sweetened Cashew Milk, Unsweetened Cashew Milk, Flavored Cashew Milk
4) By Soy Milk: Organic Soy Milk, Non-Organic Soy Milk, Flavored Soy Milk
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Which companies dominate the vegan ice cream market?
Major companies operating in the vegan ice cream market are Nestlé S.A., McDonald’s Corporation, The Hain Celestial Group Inc., Wells Enterprises, Ben & Jerry’s Homemade Holdings Inc., Oatly Group AB, Jeni’s Splendid Ice Creams, Perfect Day Inc., Perry’s Ice Cream, Van Leeuwen Ice Cream, Tofutti Brands Inc., So Delicious Dairy Free, Coolhaus, Happy Cow Limited, NadaMoo, Bliss Unlimited LLC, Booja-Booja Company Ltd., Over The Moo, Frankie & Jo’s LLC, Three Twins Organic Inc., Oat & Mill, McConnell’s Fine Ice Creams
How will evolving trends contribute to the growth of the vegan ice cream market?
Major companies operating in the vegan ice cream market prioritize innovative products with sorbet centers to maximize their offerings and to expand their product portfolio. A sorbet center in ice cream is a flavorful, frozen, fruit-based filling surrounded by a creamy ice cream exterior. For instance, in February 2024, Magnum, a Unilever PLC brand, a UK-based consumer goods company, launched the vegan blueberry cookie ice cream with sorbet center. It features a vegan vanilla biscuit-flavored ice cream wrapped in a vegan chocolate coating with crunchy cookie pieces and a fruity blueberry sorbet core, making it suitable for those following a vegan diet.
What are the key regional dynamics of the vegan ice cream market, and which region leads in market share?
North America was the largest region in the vegan ice cream market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the vegan ice cream market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Vegan Ice Cream Market Report 2025 Offer?
The vegan ice cream market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Vegan ice cream refers to frozen desserts made without animal products, such as dairy or eggs. It uses plant-based alternatives such as almond, coconut, or soy milk, with various flavors and textures to cater to different dietary preferences. It provides a delicious alternative for those who follow a vegan, vegetarian, or plant-based diet.
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