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Dairy-Free Ice Cream Market Size, Share & Trends Analysis Report -By Source (Coconut, Almond, and Soy) By Distribution Channel (Online, Convenience Stores, and Supermarket/Hypermarket), By Flavor (Vanilla, Strawberry, and Chocolate), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 14-Sep-2020 Category: Food & Beverage Report Format : PDF Pages: 110 Report Code: ZMR-5385 Status : Published

Global Dairy-Free Ice Cream Market was estimated at 490 (USD Million) in 2019 and is set to record a CAGR of nearly 15.2% over 2020-2026.

Description

The global Dairy-Free Ice Cream Market was estimated at 490 (USD Million) in 2019 and is set to record a CAGR of nearly 15.2% over 2020-2026. The report offers valuation and analysis of Dairy-Free Ice Cream market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Million).

Overview

Dairy-free ice cream includes high lipid contents, carbohydrates, casein, vitamins, and albumin. Massive inclination towards vegan lifestyles with rising health awareness will drive the market growth over the ensuing years. Moreover, high per capita ice-cream intake in the countries like the U.S. and Europe will prompt the product penetration in these regions.

Surge in awareness pertaining to good health, rise in the cases of lactose intolerance & other milk-related issues, and socializing trends will boost the industry growth over the forecast timespan. With a prominent spur in commercial activities and rise in the plant-based milk production, the market for dairy-free ice cream is slated to gain traction in the years ahead.  

Source Trends

Based on source, the dairy-free cream market is segmented into coconut milk, soy milk, and almond milk. Furthermore, almond milk segment is predicted to expand rapidly at a rate of nearly 15.5% during the period from 2020 to 2026. The segmental growth is attributed to high use of almond milk for producing vegan items most prominently consumed in the North American countries.

Dairy-Free Ice Cream Market

Flavor Trends

On the basis of flavor, the dairy-free cream industry is divided into chocolate, strawberry, and vanilla. Moreover, chocolate flavor is likely to dominate the flavor segment during the estimated timespan and will register a CAGR of nearly 14.9% during the projected timeframe. The growth can be credited to massive popularity of chocolate flavor among both the youth population as well as the old population in Western countries as well as Asian countries.

Distribution Channel Trends

Based on the distribution channel, the dairy-free ice cream industry is sectored into convenience stores, online, and supermarket/hypermarket. Furthermore, supermarket/hypermarket is set to lead the distribution channel segment over the coming years due to access to wide range of products in the supermarkets or hypermarkets. Apart from this, comparison of products and its prices can also be made in the supermarket or hypermarket stores and this will further augment the segmental growth over the foreseeable future.

Regional Trends

The North American market, which contributed major market share in 2018, is set to register a growth rate of over 10% during the estimated timeline. The regional market expansion over the estimated timespan is owing to changing customer preferences towards healthy eating habits as well as intake of vegan diet in the continent. Launching of new flavors and easy availability of dairy-free flavored frozen desserts will further embellish the regional market trends. Apart from this, the willingness of the customers in the continent to pay more prices for nutritious items will boost the business landscape over the forecast timespan. Additionally, presence of giant industry players in the region will further boost the market growth in the region over the forecast timeframe.

Key players influencing the market growth are Tofutti Brands, Inc., Unilever, Bliss Unlimited LLC, General Mills, Inc., and Booja- Booja.

The global dairy-free ice cream market is segmented as follows:

By Source

  • Coconut
  • Almond
  • Soy

By Flavor

  • Chocolate
  • Strawberry
  • Vanilla

By Distribution Channel

  • Supermarket/Hypermarket
  • Convenience Stores
  • Online

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Dairy-Free Ice Cream Market, 2016–2026 (USD Million)
    • 2.2. Dairy-Free Ice Cream Market: Snapshot
  • Chapter 3. Global Dairy-Free Ice Cream Market– Industry Analysis
    • 3.1. Dairy-Free Ice Cream Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. With a prominent spur in commercial activities and rise in the plant-based milk production, the market for dairy-free ice cream is slated to gain traction in the years ahead.
      • 3.2.2. Surge in awareness pertaining to good health, rise in the cases of lactose intulerance & other milk-related issues, and socializing trends will boost the industry growth over the forecast timespan.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Distribution Channel
      • 3.4.2. Market attractiveness analysis By Flavor
      • 3.4.3. Market attractiveness analysis By Source
  • Chapter 4. Global Dairy-Free Ice Cream Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Dairy-Free Ice Cream Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Dairy-Free Ice Cream Market– Distribution Channel Analysis
    • 5.1. Global Dairy-Free Ice Cream Market overview: By Distribution Channel
      • 5.1.1. Global Dairy-Free Ice Cream Market share, By Distribution Channel , 2019 and 2026
    • 5.2. Online
      • 5.2.1. Global Dairy-Free Ice Cream Market By Online, 2016–2026 (USD Million)
    • 5.3. Convenience Stores
      • 5.3.1. Global Dairy-Free Ice Cream Market By Convenience Stores, 2016–2026 (USD Million)
    • 5.4. Supermarket/Hypermarket
      • 5.4.1. Global Dairy-Free Ice Cream Market By Supermarket/Hypermarket, 2016–2026 (USD Million)
  • Chapter 6. Global Dairy-Free Ice Cream Market– Flavor Analysis
    • 6.1. Global Dairy-Free Ice Cream Market overview: By Flavor
      • 6.1.1. Global Dairy-Free Ice Cream Market share, By Flavor, 2019 and 2026
    • 6.2. Vanilla
      • 6.2.1. Global Dairy-Free Ice Cream Market By Vanilla, 2016–2026 (USD Million)
    • 6.3. Strawberry
      • 6.3.1. Global Dairy-Free Ice Cream Market By Strawberry, 2016–2026 (USD Million)
    • 6.4. Choculate
      • 6.4.1. Global Dairy-Free Ice Cream Market By Choculate, 2016–2026 (USD Million)
  • Chapter 7. Global Dairy-Free Ice Cream Market– Source Analysis
    • 7.1. Global Dairy-Free Ice Cream Market overview: By Source
      • 7.1.1. Global Dairy-Free Ice Cream Market share, By Source, 2019 and 2026
    • 7.2. Coconut
      • 7.2.1. Global Dairy-Free Ice Cream Market By Coconut, 2016–2026 (USD Million)
    • 7.3. Almond
      • 7.3.1. Global Dairy-Free Ice Cream Market By Almond, 2016–2026 (USD Million)
    • 7.4. Soy
      • 7.4.1. Global Dairy-Free Ice Cream Market By Soy, 2016–2026 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1. Tofutti brands, Inc.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. General Mills, Inc.
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Booja-Booja
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Uniliver
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Bliss Unlimited, LLC
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Developments

Methodology


Frequently Asked Questions

Massive inclination towards vegan lifestyles with rising health awareness will drive the market growth over the ensuing years. Moreover, high per capita ice-cream intake in the countries like the U.S. and Europe will prompt the product penetration in these regions. Surge in awareness pertaining to good health, rise in the cases of lactose intolerance & other milk-related issues, and socializing trends will boost the industry growth over the forecast timespan

According to the Zion Market Research, global Dairy-Free Ice Cream Market was estimated at 490 (USD Million) in 2019 and is set to record a CAGR of nearly 15.2% over 2020-2026.

North America is likely to make noteworthy contributions towards overall market revenue. The regional market expansion over the estimated timespan is owing to changing customer preferences towards healthy eating habits as well as intake of vegan diet in the continent. Launching of new flavors and easy availability of dairy-free flavored frozen desserts will further embellish the regional market trends.

The key players profiled in the report include Delacon Biotechnik GmbH, Bluestar Adisseo Co., Ltd., BIOMIN Holding GmbH, and Natural Remedies. Market players are trying to expand their regional market share through product innovations along with offering discounts as well as focusing on raising consumer satisfaction index.

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