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. Increasing awareness about health issues due to lactose
present in the milk is propelling the demand for vegan ice cream.
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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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Further
key findings from the study suggest:
• 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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Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
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