Non-Dairy Ice Cream Market Analysis and Forecast by Size, Share, Growth, Trends 2031

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

Non-Dairy Ice Cream Market

• Market Size 2023
  US$ 1.9 Billion
• Market Size 2031
  US$ 4.9 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Flavor

• Vanilla
• Chocolate
• Fruit

Source

• Coconut Milk
• Almond Milk
• Soy Milk

Distribution Channel

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Retail

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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 Market Report Scope

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