14-Jul-2021 | Zion Market Research
Major companies in Plant Based Ice Creams Market are Ben & Jerry's, Creamy Coconuts, LLC, Klein’s Ice cream, Hain Celestial Group, Wink Frozen Desserts, Cado, Breyer’s, White Wave Foods Company, Oatly AB and Bliss Unlimited among others. These players are set to bolster the development of global Plant Based Ice Creams Market.
According to analysts at Zion Market Research, the plant based ice creams market accounted for more than USD 1.7 Billion in 2020 and is expected to reach more than USD 3.2 Billion by 2028, growing at a CAGR of 8.8 % from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Plant Based Ice Creams Market By Source (Soy Milk, Almond Milk, Coconut Milk, Oats Milk, Cashew Milk, and Others), By Flavor (Fruits, Nuts, Beans and Others), By Packaging (Bars, Cups/Tubs, Cones, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Franchise Outlet, Online, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Increasing Awareness and Rise of Vegan Culture To Spur Growth
“Rise in customer adoption of flexitarian diet, with rising health concerns leading to consumers restricting their use of dairy products, increasing demand for non-dairy desserts among vegan consumers, increasing population of lactose intolerant consumers and the growing consumer awareness and curiosity about plant based ice cream will garner the growth for plant based ice creams market in the years ahead,” says the author of this study. The growing number of lactose intolerant people is boosting the demand for plant-based ice creams. Plant-based ice creams are becoming more popular as consumers are becoming more aware of the vegan culture and adopting it as a way of life. This is driving revenue in the plant-based ice creams industry. The increased focus on healthier ice cream varieties is likely to fuel demand. Vegan culture has emerged as a result of growing awareness about animal welfare concerns in the food and beverage sector, decreasing consumption of animal products, and increasing of the choice of alternatives.
Additionally, consumers are growing more aware of the health benefit that the non-dairy frozen desserts offer, which has resulted in increased sales of vegan cheese, ice creams and protein shakes.
Global-Plant –Based –Ice Creams-Market
The Global Plant Based Ice Creams Market is exhibiting a business landscape that is highly competitive in nature, due to the presence of a large number of market players, finds a new research report by Zion Market Research (ZMR). Ben & Jerry's, Creamy Coconuts, LLC, Klein’s Ice cream, Hain Celestial Group, Wink Frozen Desserts, Cado, Breyer’s, White Wave Foods Company, Oatly AB and Bliss Unlimited among others are some of the key manufacturers of plant based ice creams across the world. Product launches, product approvals, and other organic growth initiatives such as patents and events are being prioritized by a number of players in this market. Acquisitions and partnerships and collaborations are the popular inorganic growth techniques seen in the market. These actions have opened the path for market participants to expand their business and consumer base.
Increased Lactose Intolerant and Health Conscious Population to Support Asia Pacific Growth
Regionally, Asia Pacific has been one of leading the worldwide plant based ice creams market and is anticipated to continue to grow in the years to come, states the plant based ice creams market study. The surge is due to an increase in the lactose intolerant population and the rise in number of fitness-conscious consumers in the region. Consumers are shifting their preferences to alternatives that have high nutritional values and tastes over their existing consumption habits. As more studies link a vegan diet to a healthier and longer life, demand for plant-based ice creams is anticipated to grow in this region in the coming years.
Browse the full “Plant Based Ice Creams Market By Source (Soy Milk, Almond Milk, Coconut Milk, Oats Milk, Cashew Milk, and Others), By Flavor (Fruits, Nuts, Beans and Others), By Packaging (Bars, Cups/Tubs, Cones, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Franchise Outlet, Online, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/plant-based-ice-creams-market
The Global Plant Based Ice Creams Market is segmented as follows:
By Distribution Channel
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