Dairy-Free Ice Cream Market Detailed Analysis By Growth Figures, Industry Size And Forecast To 2025 | Grand View Research, Inc.

November 11 12:49 2021
Dairy-Free Ice Cream Market Detailed Analysis By Growth Figures, Industry Size And Forecast To 2025 | Grand View Research, Inc.
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According to a new report published by Grand View Research, increasing awareness about health, rising incidences of lactose intolerance and other milk-related health issues, and socialization trends are expected to fuel the market growth in 2019-2025

The global dairy-free ice cream market size is expected to reach USD 1.2 billion by 2025, expanding at a CAGR of 14.8% in the forecast period, according to a new report by Grand View Research, Inc. Increasing awareness about health issues due to lactose present in the milk is propelling the demand for vegan ice cream.

Coconut is a major source for the production of vegan ice cream and it accounted for 37.4% share of the overall revenue in 2018. Easy availability and increasing consumer demand are expected to fuel the demand for coconut milk in vegan ice cream market in the forecast period. Almond milk is the fastest growing segment among all the sources, expanding at a CAGR of 15.8% in the forecast period. Nutritional benefits of almond milk are the key factor responsible for the segment growth in vegan ice cream market.

Non-dairy ice cream is found in various flavors in the market. Chocolate is the most preferred flavor among consumers and it accounted for 36% share of the overall revenue in 2018. Rising demand for chocolate chips among consumers is the key factor for the segment growth in non-dairy ice cream market.

Furthermore, flavor preferences differ from country to country. For instance, lemon is the most favorite flavor among consumers in Europe. Vanilla is the second most preferred flavor in the global non-dairy ice cream market and it is expected to expand at a CAGR of 14.4% in the forecast period.

Supermarket/hypermarket is the most preferred channel among all, expanding at a CAGR of 15.1% in the forecast period. The online segment is anticipated to expand at a CAGR of 16.7% in the forecast period. Shifting consumer preferences towards online shopping have propelled the demand for online stores in the dairy-free ice cream market.

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Dairy-Free Ice Cream Market Report Highlights

• In terms of revenue, supermarket/hypermarket distribution channel is projected to expand at a CAGR of 15.1% over the forecast period

• Coconut is the most preferred source in the market due to its compatibility, easy availability, and increasing consumer demand

• Almond milk is the fastest growing source for the production due to increasing awareness about health and nutritional benefits of almond.

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Dairy-Free Ice Cream Market Segmentation

Grand View Research has segmented the global Dairy-Free ice cream market on the basis of source, flavor, distribution channel, and region:

Dairy-Free Ice Cream Source Outlook (Revenue, USD Million, 2015 – 2025)           

    • Coconut                                              

    • Almond                                 

    • Soy                                     

Dairy-Free Ice Cream Flavor Outlook (Revenue, USD Million, 2015 – 2025)                

    • Chocolate

    • Vanilla

    • Strawberry                         

Dairy-Free Ice Cream Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)           

    • Supermarket/Hypermarket

    • Convenience Stores

    • Online

Dairy-Free Ice Cream Regional Outlook (Revenue, USD Million, 2015 – 2025)          

     • North America       

        • U.S.

     • Europe

        • Germany

        • U.K.

     • Asia Pacific

        • China

        • India

     • Rest of the World

        • Brazil

        • Argentina

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Browse More Related Report:

Ice Cream Market Size, Share & Trends Analysis Report By Product Type (Impulse, Artisanal, Take Home), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2018 – 2025

About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

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