The non-dairy ice cream market size is projected to reach US$ 4.9 billion by 2031 from US$ 1.9 billion in 2023. The market is expected to register a CAGR of 12.8% during 2023–2031. Marketing a farm story to attract customers and increasing flavor innovations by key players are likely to remain key trends in the market.
Non-Dairy Ice Cream Market Analysis
The non-dairy ice cream market growth is majorly attributed to rising disposable income, rapid urbanization, and increasing living standards. Further, the rising popularity of plant-based products and surging health consciousness among the young population are expected to propel the market growth in the region. Key players in the region are adopting strategic initiatives such as mergers and acquisitions, collaborations, partnerships, and product launches to cater to the growing demand for non-dairy ice cream market in the region.
Non-Dairy Ice Cream Market Overview
In recent years, the non-dairy ice cream market has been experiencing significant growth, driven by increasing consumer demand for plant-based and dairy-free alternatives. Factors such as health consciousness, lactose intolerance, veganism, and environmental concerns have fueled this growth. Major players in the market offer various non-dairy ice cream options made from ingredients like almond milk, soy milk, and cashew milk, catering to different dietary and taste preferences. Innovations in flavors and textures, as well as expanding distribution channels, contribute to the market growth. However, the high price of non-dairy ice creams compared to dairy-based ice creams may hamper the market's growth.
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Non-Dairy Ice Cream Market: Strategic Insights
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Non-Dairy Ice Cream Market: Strategic Insights
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Non-Dairy Ice Cream Market Drivers and Opportunities
Increasing Incidences of Lactose Intolerance to Favor Market
Increasing incidences of adults and children suffering from lactose intolerance are expected to propel the demand for non-dairy ice cream. According to the National Institute of Diabetes and Digestive and Kidney Diseases, around 68% of the world's population is lactose malabsorption. In addition, the key manufacturers are experiencing a rise in demand for non-dairy ice creams and different flavors. Thus, key regional players are engaged in new product launches. For instance, in September 2021, NATO announced the launch of vegan ice cream in five flavors: dark chocolate, mocha almond, pistachio, salted caramel, and mango & raspberry.
Growing Adoption of Plant-based Products
Registrations for the Veganuary Campaign have increased dramatically over the past few years. Thus, due to the flourishing trend of veganism, the manufacturers of frozen desserts such as ice cream are launching plant-based products. For instance, in May 2021, Whipped Urban Dessert Lab, a New York-based ice-cream parlor, launched 'Taste of Freedom' vegan ice cream. Similarly, in 2022, Unilever's brand Ben & Jerry's launched two plant-based ice creams— "Chocolate Milk and Cookies" and "Dirt Cake". The surging vegan population base is fostering the growth of the non-dairy ice cream market.
Non-Dairy Ice Cream Market Report Segmentation Analysis
Key segments that contributed to the derivation of the non-dairy ice cream market analysis are flavor, source, and distribution channel.
- Based on flavor, the non-dairy ice cream market is segmented into vanilla, chocolate, fruit, and others. The vanilla segment held a larger market share in 2023.
- By source, the market is segmented into coconut milk, almond milk, soy milk, and others.
- In terms of distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarket and hypermarket segment held a significant share of the market in 2023.
Non-Dairy Ice Cream Market Share Analysis by Geography
The geographic scope of the non-dairy ice cream market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the market. Many domestic and international players in North America such as Unilever, Danone S.A, General Mills Inc., Nestlé S.A, and The Brooklyn Creamery operate in the non-dairy ice cream market. These players are adopting various strategic initiatives such as product launches, mergers, acquisitions, and collaborations to cater to growing consumer demand. For instance, J.D.'s Vegan has been developing and distributing plant-based, GMO-free, and lactose-free ice cream flavors containing fresh-cut slices of fruits and nuts. Hence, including fresh fruit pieces, candy, cake particles, and nuts in ice cream is a fast-growing premium trend in the market, which drives the growth of the non-dairy ice cream market.
Non-Dairy Ice Cream Market Regional Insights
The regional trends and factors influencing the Non-Dairy Ice Cream Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Non-Dairy Ice Cream Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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Non-Dairy Ice Cream Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1.9 Billion |
| Market Size by 2031 | US$ 4.9 Billion |
| Global CAGR (2023 - 2031) | 12.8% |
| Historical Data | 2021-2022 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Flavor
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Non-Dairy Ice Cream Market Players Density: Understanding Its Impact on Business Dynamics
The Non-Dairy Ice Cream Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Non-Dairy Ice Cream Market are:
- Unilever
- Danone S.A.
- General Mills Inc
- Nestlé S.A.
- JUDE'S; OATLY, INC
- Tofutti Brands, Inc
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Non-Dairy Ice Cream Market top key players overview
Non-Dairy Ice Cream Market News and Recent Developments
The non-dairy ice cream market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the non-dairy ice cream market are listed below:
- Ben & Jerry's is launching a new oat base for its non-dairy ice creams. The new non-dairy ice cream base will be rolled out across tubs and scoop shops during spring 2024. (Source: Company Website, February 2024)
Non-Dairy Ice Cream Market Report Coverage and Deliverables
The "Non-Dairy Ice Cream Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Non-dairy ice cream market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Non-dairy ice cream market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Non-dairy ice cream market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the non-dairy ice cream market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
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The global non-dairy ice cream market is estimated to register a CAGR of 12.8% during the forecast period 2023–2031.
Unilever; Danone S.A.; General Mills Inc; Nestlé S.A.; JUDE'S; OATLY, INC; Tofutti Brands, Inc; Bliss Unlimited, LLC; The Brooklyn Creamery, and NADAMOO are among the prominent players operating in the global non-dairy ice cream market.
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