Global Plant-Based Ice Cream Market Size Is Estimated To Reach USD 1,006.4 Million By 2030
The global plant-based ice cream market was worth USD 671.4 million in 2022. It is expected to reach USD 1,006.4 million by 2030 at a CAGR of 4.5% over the period from 2023 to 2030.
The Plant-Based Ice Creams Market is experiencing rapid growth driven by increasing consumer awareness of health and environmental concerns, as well as shifting dietary preferences towards plant-based alternatives. Plant-based ice creams are made from non-dairy ingredients such as almond milk, coconut milk, soy milk, and cashew milk, offering a cruelty-free and lactose-free option for individuals who are vegan, lactose intolerant, or seeking healthier alternatives to traditional dairy ice cream. This market caters to a diverse consumer base looking for indulgent yet guilt-free frozen desserts.
Global Plant-based Ice Creams Market Trend Analysis
Market Driver:
One significant driver in the Plant-Based Ice Creams Market is the rising demand for dairy-free and vegan products due to health and environmental considerations. Concerns over animal welfare, lactose intolerance, and the environmental impact of dairy production have led to a growing number of consumers seeking plant-based alternatives to traditional dairy products, including ice cream. Plant-based ice creams offer similar taste, texture, and indulgence as dairy ice cream while aligning with ethical and sustainable consumption practices, driving their popularity among health-conscious and environmentally-aware consumers.
Market Opportunity:
An emerging market opportunity lies in the expansion of product offerings and flavor varieties to cater to diverse consumer preferences and dietary requirements. Companies in the Plant-Based Ice Creams Market have the opportunity to innovate and develop new flavors, formulations, and packaging formats to attract a wider audience and differentiate their products in a competitive market landscape. Additionally, there is an opportunity to capitalize on growing consumer interest in functional ingredients and superfoods by incorporating ingredients such as fruits, nuts, seeds, and plant-based proteins into plant-based ice cream formulations, offering added nutritional benefits and appeal to health-conscious consumers.
The Major Players Covered In The Plant-Based Ice Creams Market Report Are:
Ben & Jerry's (United States),Häagen-Dazs (United States),So Delicious Dairy Free (United States),Alpro